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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $17.1M, roughly 1.2× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs 5.2%, a 5.4% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 2.0%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -5.2%).
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.
EPM vs FEIM — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $17.1M |
| Net Profit | $1.1M | $1.8M |
| Gross Margin | 44.3% | 38.2% |
| Operating Margin | 3.2% | 10.0% |
| Net Margin | 5.2% | 10.5% |
| Revenue YoY | 2.0% | 8.3% |
| Net Profit YoY | 158.4% | -32.1% |
| EPS (diluted) | $0.03 | $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 | $20.7M | $17.1M | ||
| Q3 25 | $21.3M | $13.8M | ||
| Q2 25 | $21.1M | $20.0M | ||
| Q1 25 | $22.6M | $18.9M | ||
| Q4 24 | $20.3M | $15.8M | ||
| Q3 24 | $21.9M | $15.1M | ||
| Q2 24 | $21.2M | $15.6M | ||
| Q1 24 | $23.0M | $13.7M |
| Q4 25 | $1.1M | $1.8M | ||
| Q3 25 | $824.0K | $634.0K | ||
| Q2 25 | $3.4M | $3.2M | ||
| Q1 25 | $-2.2M | $15.4M | ||
| Q4 24 | $-1.8M | $2.7M | ||
| Q3 24 | $2.1M | $2.4M | ||
| Q2 24 | $1.2M | $2.6M | ||
| Q1 24 | $289.0K | $130.0K |
| Q4 25 | 44.3% | 38.2% | ||
| Q3 25 | 38.5% | 36.8% | ||
| Q2 25 | 46.1% | 37.5% | ||
| Q1 25 | 40.7% | 43.8% | ||
| Q4 24 | 36.9% | 48.2% | ||
| Q3 24 | 46.2% | 44.4% | ||
| Q2 24 | 46.3% | 40.3% | ||
| Q1 24 | 45.2% | 22.6% |
| Q4 25 | 3.2% | 10.0% | ||
| Q3 25 | -0.4% | 2.6% | ||
| Q2 25 | 6.3% | 16.4% | ||
| Q1 25 | 7.0% | 18.3% | ||
| Q4 24 | -3.0% | 16.5% | ||
| Q3 24 | 8.5% | 15.7% | ||
| Q2 24 | 11.3% | 16.0% | ||
| Q1 24 | 9.1% | -3.4% |
| Q4 25 | 5.2% | 10.5% | ||
| Q3 25 | 3.9% | 4.6% | ||
| Q2 25 | 16.2% | 16.0% | ||
| Q1 25 | -9.7% | 81.4% | ||
| Q4 24 | -9.0% | 16.8% | ||
| Q3 24 | 9.4% | 16.1% | ||
| Q2 24 | 5.8% | 16.9% | ||
| Q1 24 | 1.3% | 0.9% |
| Q4 25 | $0.03 | $0.18 | ||
| Q3 25 | $0.02 | $0.07 | ||
| Q2 25 | $0.10 | $0.33 | ||
| Q1 25 | $-0.07 | $1.60 | ||
| Q4 24 | $-0.06 | $0.28 | ||
| Q3 24 | $0.06 | $0.25 | ||
| Q2 24 | $0.04 | $0.28 | ||
| Q1 24 | $0.01 | $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 | $3.8M | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $67.5M | $58.5M |
| Total Assets | $169.3M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $3.0M | ||
| Q3 25 | $714.0K | $4.5M | ||
| Q2 25 | $2.5M | $4.7M | ||
| Q1 25 | $5.6M | $5.5M | ||
| Q4 24 | $11.7M | $9.7M | ||
| Q3 24 | $6.9M | $16.2M | ||
| Q2 24 | $6.4M | $18.3M | ||
| Q1 24 | $3.1M | $11.7M |
| Q4 25 | $67.5M | $58.5M | ||
| Q3 25 | $69.1M | $56.3M | ||
| Q2 25 | $71.8M | $55.6M | ||
| Q1 25 | $71.7M | $51.8M | ||
| Q4 24 | $76.3M | $36.2M | ||
| Q3 24 | $79.6M | $33.2M | ||
| Q2 24 | $81.1M | $39.8M | ||
| Q1 24 | $83.5M | $36.7M |
| Q4 25 | $169.3M | $92.3M | ||
| Q3 25 | $169.1M | $93.2M | ||
| Q2 25 | $160.3M | $93.7M | ||
| Q1 25 | $156.4M | $86.4M | ||
| Q4 24 | $160.2M | $77.8M | ||
| Q3 24 | $157.9M | $84.3M | ||
| Q2 24 | $162.9M | $83.3M | ||
| Q1 24 | $166.5M | $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 | $5.4M | $-523.0K |
| Free Cash FlowOCF − Capex | — | $-1.1M |
| FCF MarginFCF / Revenue | — | -6.6% |
| Capex IntensityCapex / Revenue | — | 3.6% |
| Cash ConversionOCF / Net Profit | 5.09× | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.4M | $-523.0K | ||
| Q3 25 | $7.8M | $1.2M | ||
| Q2 25 | $10.5M | $-155.0K | ||
| Q1 25 | $7.3M | $-3.6M | ||
| Q4 24 | $7.7M | $3.8M | ||
| Q3 24 | $7.6M | $-1.5M | ||
| Q2 24 | $8.0M | $7.5M | ||
| Q1 24 | $3.4M | $4.2M |
| Q4 25 | — | $-1.1M | ||
| Q3 25 | — | $385.0K | ||
| Q2 25 | — | $-786.0K | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $-1.8M | ||
| Q2 24 | — | $6.7M | ||
| Q1 24 | — | $3.9M |
| Q4 25 | — | -6.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | -3.9% | ||
| Q1 25 | — | -20.9% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 28.4% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | 5.09× | -0.29× | ||
| Q3 25 | 9.47× | 1.83× | ||
| Q2 25 | 3.06× | -0.05× | ||
| Q1 25 | — | -0.24× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 3.69× | -0.60× | ||
| Q2 24 | 6.47× | 2.85× | ||
| Q1 24 | 11.64× | 32.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPM
| Crude Oil | $10.7M | 52% |
| Natural Gas Reserves | $7.4M | 36% |
| Natural Gas Liquids Reserves | $2.5M | 12% |
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
