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Side-by-side financial comparison of Aterian, Inc. (ATER) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $15.1M, roughly 1.1× Aterian, Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -52.5%, a 63.0% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
ATER vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $17.1M |
| Net Profit | $-7.9M | $1.8M |
| Gross Margin | 56.1% | 38.2% |
| Operating Margin | -51.1% | 10.0% |
| Net Margin | -52.5% | 10.5% |
| Revenue YoY | -38.5% | 8.3% |
| Net Profit YoY | -512.2% | -32.1% |
| EPS (diluted) | — | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $15.1M | $17.1M | ||
| Q3 25 | $19.0M | $13.8M | ||
| Q2 25 | $19.5M | $20.0M | ||
| Q1 25 | $15.4M | $18.9M | ||
| Q4 24 | $24.6M | $15.8M | ||
| Q3 24 | $26.2M | $15.1M | ||
| Q2 24 | $28.0M | $15.6M | ||
| Q1 24 | $20.2M | $13.7M |
| Q4 25 | $-7.9M | $1.8M | ||
| Q3 25 | $-2.3M | $634.0K | ||
| Q2 25 | $-4.9M | $3.2M | ||
| Q1 25 | $-3.9M | $15.4M | ||
| Q4 24 | $-1.3M | $2.7M | ||
| Q3 24 | $-1.8M | $2.4M | ||
| Q2 24 | $-3.6M | $2.6M | ||
| Q1 24 | $-5.2M | $130.0K |
| Q4 25 | 56.1% | 38.2% | ||
| Q3 25 | 56.1% | 36.8% | ||
| Q2 25 | 54.3% | 37.5% | ||
| Q1 25 | 61.4% | 43.8% | ||
| Q4 24 | 63.4% | 48.2% | ||
| Q3 24 | 60.3% | 44.4% | ||
| Q2 24 | 60.4% | 40.3% | ||
| Q1 24 | 65.1% | 22.6% |
| Q4 25 | -51.1% | 10.0% | ||
| Q3 25 | -10.7% | 2.6% | ||
| Q2 25 | -23.1% | 16.4% | ||
| Q1 25 | -24.1% | 18.3% | ||
| Q4 24 | -6.5% | 16.5% | ||
| Q3 24 | -6.6% | 15.7% | ||
| Q2 24 | -11.5% | 16.0% | ||
| Q1 24 | -26.1% | -3.4% |
| Q4 25 | -52.5% | 10.5% | ||
| Q3 25 | -12.0% | 4.6% | ||
| Q2 25 | -25.0% | 16.0% | ||
| Q1 25 | -25.4% | 81.4% | ||
| Q4 24 | -5.3% | 16.8% | ||
| Q3 24 | -6.8% | 16.1% | ||
| Q2 24 | -13.0% | 16.9% | ||
| Q1 24 | -25.5% | 0.9% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | — | $1.60 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $0.25 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $58.5M |
| Total Assets | $29.6M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $3.0M | ||
| Q3 25 | $7.6M | $4.5M | ||
| Q2 25 | $10.5M | $4.7M | ||
| Q1 25 | $14.3M | $5.5M | ||
| Q4 24 | $18.0M | $9.7M | ||
| Q3 24 | $16.1M | $16.2M | ||
| Q2 24 | $20.3M | $18.3M | ||
| Q1 24 | $17.5M | $11.7M |
| Q4 25 | $15.2M | $58.5M | ||
| Q3 25 | $22.6M | $56.3M | ||
| Q2 25 | $24.3M | $55.6M | ||
| Q1 25 | $27.0M | $51.8M | ||
| Q4 24 | $30.0M | $36.2M | ||
| Q3 24 | $30.6M | $33.2M | ||
| Q2 24 | $30.9M | $39.8M | ||
| Q1 24 | $33.0M | $36.7M |
| Q4 25 | $29.6M | $92.3M | ||
| Q3 25 | $40.1M | $93.2M | ||
| Q2 25 | $45.4M | $93.7M | ||
| Q1 25 | $49.8M | $86.4M | ||
| Q4 24 | $49.5M | $77.8M | ||
| Q3 24 | $52.1M | $84.3M | ||
| Q2 24 | $59.9M | $83.3M | ||
| Q1 24 | $55.7M | $77.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $-523.0K |
| Free Cash FlowOCF − Capex | $-1.0M | $-1.1M |
| FCF MarginFCF / Revenue | -6.9% | -6.6% |
| Capex IntensityCapex / Revenue | 0.0% | 3.6% |
| Cash ConversionOCF / Net Profit | — | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-523.0K | ||
| Q3 25 | $-1.6M | $1.2M | ||
| Q2 25 | $-4.4M | $-155.0K | ||
| Q1 25 | $-3.9M | $-3.6M | ||
| Q4 24 | $-9.0K | $3.8M | ||
| Q3 24 | $-722.0K | $-1.5M | ||
| Q2 24 | $2.9M | $7.5M | ||
| Q1 24 | $-6.0K | $4.2M |
| Q4 25 | $-1.0M | $-1.1M | ||
| Q3 25 | $-1.6M | $385.0K | ||
| Q2 25 | $-4.4M | $-786.0K | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $-1.8M | ||
| Q2 24 | $2.9M | $6.7M | ||
| Q1 24 | $-42.0K | $3.9M |
| Q4 25 | -6.9% | -6.6% | ||
| Q3 25 | -8.4% | 2.8% | ||
| Q2 25 | -22.7% | -3.9% | ||
| Q1 25 | — | -20.9% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | 10.3% | 42.8% | ||
| Q1 24 | -0.2% | 28.4% |
| Q4 25 | 0.0% | 3.6% | ||
| Q3 25 | 0.2% | 5.6% | ||
| Q2 25 | 0.0% | 3.2% | ||
| Q1 25 | 0.0% | 1.7% | ||
| Q4 24 | 0.0% | 3.3% | ||
| Q3 24 | 0.0% | 2.2% | ||
| Q2 24 | 0.0% | 5.3% | ||
| Q1 24 | 0.2% | 2.3% |
| Q4 25 | — | -0.29× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | -0.24× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | -0.60× | ||
| Q2 24 | — | 2.85× | ||
| Q1 24 | — | 32.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
