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Side-by-side financial comparison of ELTEK LTD (ELTK) and FIRST UNITED CORP (FUNC). Click either name above to swap in a different company.

FIRST UNITED CORP is the larger business by last-quarter revenue ($23.2M vs $12.5M, roughly 1.9× ELTEK LTD). FIRST UNITED CORP runs the higher net margin — 24.9% vs 2.9%, a 22.0% gap on every dollar of revenue. On growth, ELTEK LTD posted the faster year-over-year revenue change (19.7% vs 11.9%).

Eltek is a brand of electric power conversion products for telecommunications and industrial applications, marketed as part of Delta Electronics. The products are developed and sold by Delta Electronics (Norway) AS, which is based in Drammen, Norway. As of 2018, Eltek had approximately 2000 employees, with offices in 40 countries.

United Breweries Holdings Limited (UBHL), also called UB Group, is the Indian subsidiary of Heineken N.V.. It is headquartered in UB City, Bangalore, Karnataka. Its core business includes beverages and investments in various sectors. The company markets beer under the Kingfisher brand, and owns various other brands of alcoholic beverages. United Breweries is India's largest producer of beer.

ELTK vs FUNC — Head-to-Head

Bigger by revenue
FUNC
FUNC
1.9× larger
FUNC
$23.2M
$12.5M
ELTK
Growing faster (revenue YoY)
ELTK
ELTK
+7.8% gap
ELTK
19.7%
11.9%
FUNC
Higher net margin
FUNC
FUNC
22.0% more per $
FUNC
24.9%
2.9%
ELTK

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ELTK
ELTK
FUNC
FUNC
Revenue
$12.5M
$23.2M
Net Profit
$365.0K
$5.8M
Gross Margin
24.1%
Operating Margin
11.6%
32.9%
Net Margin
2.9%
24.9%
Revenue YoY
19.7%
11.9%
Net Profit YoY
-51.4%
-6.6%
EPS (diluted)
$0.05
$0.89

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
ELTK
ELTK
FUNC
FUNC
Q4 25
$23.2M
Q3 25
$22.7M
Q2 25
$12.5M
$21.8M
Q1 25
$20.9M
Q4 24
$20.8M
Q3 24
$20.3M
Q2 24
$10.5M
$20.1M
Q1 24
$18.7M
Net Profit
ELTK
ELTK
FUNC
FUNC
Q4 25
$5.8M
Q3 25
$6.9M
Q2 25
$365.0K
$6.0M
Q1 25
$5.8M
Q4 24
$6.2M
Q3 24
$5.8M
Q2 24
$751.0K
$4.9M
Q1 24
$3.7M
Gross Margin
ELTK
ELTK
FUNC
FUNC
Q4 25
Q3 25
Q2 25
24.1%
Q1 25
Q4 24
Q3 24
Q2 24
15.6%
Q1 24
Operating Margin
ELTK
ELTK
FUNC
FUNC
Q4 25
32.9%
Q3 25
40.6%
Q2 25
11.6%
36.5%
Q1 25
36.8%
Q4 24
39.2%
Q3 24
38.0%
Q2 24
3.9%
32.5%
Q1 24
26.0%
Net Margin
ELTK
ELTK
FUNC
FUNC
Q4 25
24.9%
Q3 25
30.6%
Q2 25
2.9%
27.5%
Q1 25
27.7%
Q4 24
29.8%
Q3 24
28.5%
Q2 24
7.2%
24.5%
Q1 24
19.8%
EPS (diluted)
ELTK
ELTK
FUNC
FUNC
Q4 25
$0.89
Q3 25
$1.07
Q2 25
$0.05
$0.92
Q1 25
$0.89
Q4 24
$0.95
Q3 24
$0.89
Q2 24
$0.11
$0.75
Q1 24
$0.56

Balance Sheet & Financial Strength

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

Metric
ELTK
ELTK
FUNC
FUNC
Cash + ST InvestmentsLiquidity on hand
$1.8M
$131.6M
Total DebtLower is stronger
$95.9M
Stockholders' EquityBook value
$44.6M
$203.6M
Total Assets
$64.4M
$2.1B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELTK
ELTK
FUNC
FUNC
Q4 25
$131.6M
Q3 25
$95.2M
Q2 25
$1.8M
$79.1M
Q1 25
$84.4M
Q4 24
$78.3M
Q3 24
$62.4M
Q2 24
$8.9M
$45.1M
Q1 24
$86.9M
Total Debt
ELTK
ELTK
FUNC
FUNC
Q4 25
$95.9M
Q3 25
$95.9M
Q2 25
$120.9M
Q1 25
$120.9M
Q4 24
$120.9M
Q3 24
$120.9M
Q2 24
$70.9M
Q1 24
$70.9M
Stockholders' Equity
ELTK
ELTK
FUNC
FUNC
Q4 25
$203.6M
Q3 25
$199.1M
Q2 25
$44.6M
$191.1M
Q1 25
$183.7M
Q4 24
$179.3M
Q3 24
$174.0M
Q2 24
$38.0M
$164.2M
Q1 24
$165.5M
Total Assets
ELTK
ELTK
FUNC
FUNC
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$64.4M
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$54.9M
$1.9B
Q1 24
$1.9B
Debt / Equity
ELTK
ELTK
FUNC
FUNC
Q4 25
0.47×
Q3 25
0.48×
Q2 25
0.63×
Q1 25
0.66×
Q4 24
0.67×
Q3 24
0.70×
Q2 24
0.43×
Q1 24
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ELTK
ELTK
FUNC
FUNC
Operating Cash FlowLast quarter
$19.4M
Free Cash FlowOCF − Capex
$15.4M
FCF MarginFCF / Revenue
66.3%
Capex IntensityCapex / Revenue
17.1%
Cash ConversionOCF / Net Profit
3.35×
TTM Free Cash FlowTrailing 4 quarters
$22.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELTK
ELTK
FUNC
FUNC
Q4 25
$19.4M
Q3 25
$1.5M
Q2 25
$995.0K
Q1 25
$7.0M
Q4 24
$22.3M
Q3 24
$2.3M
Q2 24
$7.2M
Q1 24
$3.6M
Free Cash Flow
ELTK
ELTK
FUNC
FUNC
Q4 25
$15.4M
Q3 25
$168.0K
Q2 25
$706.0K
Q1 25
$6.4M
Q4 24
$20.4M
Q3 24
$588.0K
Q2 24
$7.0M
Q1 24
$3.5M
FCF Margin
ELTK
ELTK
FUNC
FUNC
Q4 25
66.3%
Q3 25
0.7%
Q2 25
3.2%
Q1 25
30.5%
Q4 24
98.1%
Q3 24
2.9%
Q2 24
35.1%
Q1 24
18.9%
Capex Intensity
ELTK
ELTK
FUNC
FUNC
Q4 25
17.1%
Q3 25
5.9%
Q2 25
1.3%
Q1 25
2.8%
Q4 24
9.3%
Q3 24
8.4%
Q2 24
0.6%
Q1 24
0.3%
Cash Conversion
ELTK
ELTK
FUNC
FUNC
Q4 25
3.35×
Q3 25
0.22×
Q2 25
0.17×
Q1 25
1.20×
Q4 24
3.60×
Q3 24
0.40×
Q2 24
1.46×
Q1 24
0.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ELTK
ELTK

Segment breakdown not available.

FUNC
FUNC

Trust Department$9.8M42%
Other$5.6M24%
Debit Card Income$4.1M17%
Service Charges$2.3M10%
Brokerage Commissions$1.4M6%

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