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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) 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 $11.0M, roughly 1.6× C4 Therapeutics, Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -186.0%, a 196.5% gap on every dollar of revenue. On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs 8.3%). Over the past eight quarters, C4 Therapeutics, Inc.'s revenue compounded faster (90.4% CAGR vs 11.8%).

C4 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted protein degradation therapies for cancer and other severe diseases with high unmet medical needs. It leverages its proprietary TORPEDO platform to design small molecule degraders that eliminate disease-causing proteins, with a pipeline of oncology candidates in preclinical and clinical development, plus strategic partnerships with leading global pharmaceutical firms.

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.

CCCC vs FEIM — Head-to-Head

Bigger by revenue
FEIM
FEIM
1.6× larger
FEIM
$17.1M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+104.5% gap
CCCC
112.8%
8.3%
FEIM
Higher net margin
FEIM
FEIM
196.5% more per $
FEIM
10.5%
-186.0%
CCCC
Faster 2-yr revenue CAGR
CCCC
CCCC
Annualised
CCCC
90.4%
11.8%
FEIM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CCCC
CCCC
FEIM
FEIM
Revenue
$11.0M
$17.1M
Net Profit
$-20.5M
$1.8M
Gross Margin
38.2%
Operating Margin
-210.1%
10.0%
Net Margin
-186.0%
10.5%
Revenue YoY
112.8%
8.3%
Net Profit YoY
40.7%
-32.1%
EPS (diluted)
$-0.09
$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.

Revenue
CCCC
CCCC
FEIM
FEIM
Q4 25
$11.0M
$17.1M
Q3 25
$11.2M
$13.8M
Q2 25
$6.5M
$20.0M
Q1 25
$7.2M
$18.9M
Q4 24
$5.2M
$15.8M
Q3 24
$15.4M
$15.1M
Q2 24
$12.0M
$15.6M
Q1 24
$3.0M
$13.7M
Net Profit
CCCC
CCCC
FEIM
FEIM
Q4 25
$-20.5M
$1.8M
Q3 25
$-32.2M
$634.0K
Q2 25
$-26.0M
$3.2M
Q1 25
$-26.3M
$15.4M
Q4 24
$-34.6M
$2.7M
Q3 24
$-24.7M
$2.4M
Q2 24
$-17.7M
$2.6M
Q1 24
$-28.4M
$130.0K
Gross Margin
CCCC
CCCC
FEIM
FEIM
Q4 25
38.2%
Q3 25
36.8%
Q2 25
37.5%
Q1 25
43.8%
Q4 24
48.2%
Q3 24
44.4%
Q2 24
40.3%
Q1 24
22.6%
Operating Margin
CCCC
CCCC
FEIM
FEIM
Q4 25
-210.1%
10.0%
Q3 25
-306.4%
2.6%
Q2 25
-441.0%
16.4%
Q1 25
-402.9%
18.3%
Q4 24
-728.4%
16.5%
Q3 24
-183.9%
15.7%
Q2 24
-178.6%
16.0%
Q1 24
-1060.2%
-3.4%
Net Margin
CCCC
CCCC
FEIM
FEIM
Q4 25
-186.0%
10.5%
Q3 25
-286.4%
4.6%
Q2 25
-402.6%
16.0%
Q1 25
-363.7%
81.4%
Q4 24
-667.8%
16.8%
Q3 24
-160.6%
16.1%
Q2 24
-147.6%
16.9%
Q1 24
-933.2%
0.9%
EPS (diluted)
CCCC
CCCC
FEIM
FEIM
Q4 25
$-0.09
$0.18
Q3 25
$-0.44
$0.07
Q2 25
$-0.37
$0.33
Q1 25
$-0.37
$1.60
Q4 24
$-0.50
$0.28
Q3 24
$-0.35
$0.25
Q2 24
$-0.26
$0.28
Q1 24
$-0.41
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CCCC
CCCC
FEIM
FEIM
Cash + ST InvestmentsLiquidity on hand
$74.6M
$3.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$58.5M
Total Assets
$359.1M
$92.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
FEIM
FEIM
Q4 25
$74.6M
$3.0M
Q3 25
$58.8M
$4.5M
Q2 25
$78.2M
$4.7M
Q1 25
$51.3M
$5.5M
Q4 24
$55.5M
$9.7M
Q3 24
$59.6M
$16.2M
Q2 24
$73.1M
$18.3M
Q1 24
$89.7M
$11.7M
Stockholders' Equity
CCCC
CCCC
FEIM
FEIM
Q4 25
$256.6M
$58.5M
Q3 25
$154.4M
$56.3M
Q2 25
$174.1M
$55.6M
Q1 25
$195.1M
$51.8M
Q4 24
$216.0M
$36.2M
Q3 24
$242.7M
$33.2M
Q2 24
$247.1M
$39.8M
Q1 24
$258.3M
$36.7M
Total Assets
CCCC
CCCC
FEIM
FEIM
Q4 25
$359.1M
$92.3M
Q3 25
$265.5M
$93.2M
Q2 25
$296.5M
$93.7M
Q1 25
$319.5M
$86.4M
Q4 24
$349.6M
$77.8M
Q3 24
$376.1M
$84.3M
Q2 24
$381.1M
$83.3M
Q1 24
$398.4M
$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
CCCC
CCCC
FEIM
FEIM
Operating Cash FlowLast quarter
$-22.1M
$-523.0K
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCCC
CCCC
FEIM
FEIM
Q4 25
$-22.1M
$-523.0K
Q3 25
$-31.2M
$1.2M
Q2 25
$-12.1M
$-155.0K
Q1 25
$-33.3M
$-3.6M
Q4 24
$-17.9M
$3.8M
Q3 24
$-24.1M
$-1.5M
Q2 24
$-5.0M
$7.5M
Q1 24
$-18.1M
$4.2M
Free Cash Flow
CCCC
CCCC
FEIM
FEIM
Q4 25
$-1.1M
Q3 25
$-31.6M
$385.0K
Q2 25
$-786.0K
Q1 25
$-4.0M
Q4 24
$-17.9M
$3.3M
Q3 24
$-24.1M
$-1.8M
Q2 24
$-5.2M
$6.7M
Q1 24
$3.9M
FCF Margin
CCCC
CCCC
FEIM
FEIM
Q4 25
-6.6%
Q3 25
-281.5%
2.8%
Q2 25
-3.9%
Q1 25
-20.9%
Q4 24
-346.5%
20.8%
Q3 24
-157.2%
-11.8%
Q2 24
-43.1%
42.8%
Q1 24
28.4%
Capex Intensity
CCCC
CCCC
FEIM
FEIM
Q4 25
3.6%
Q3 25
3.7%
5.6%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
0.1%
3.3%
Q3 24
0.1%
2.2%
Q2 24
1.6%
5.3%
Q1 24
0.0%
2.3%
Cash Conversion
CCCC
CCCC
FEIM
FEIM
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

CCCC
CCCC

Segment breakdown not available.

FEIM
FEIM

POC Revenue$14.8M86%
POT Revenue$2.3M13%

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