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Side-by-side financial comparison of Farmmi, Inc. (FAMI) 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 $16.1M, roughly 1.1× Farmmi, Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -0.3%, a 10.8% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -55.7%). Farmmi, Inc. produced more free cash flow last quarter ($14.6M vs $-1.1M).

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

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.

FAMI vs FEIM — Head-to-Head

Bigger by revenue
FEIM
FEIM
1.1× larger
FEIM
$17.1M
$16.1M
FAMI
Growing faster (revenue YoY)
FEIM
FEIM
+64.0% gap
FEIM
8.3%
-55.7%
FAMI
Higher net margin
FEIM
FEIM
10.8% more per $
FEIM
10.5%
-0.3%
FAMI
More free cash flow
FAMI
FAMI
$15.7M more FCF
FAMI
$14.6M
$-1.1M
FEIM

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
FAMI
FAMI
FEIM
FEIM
Revenue
$16.1M
$17.1M
Net Profit
$-44.0K
$1.8M
Gross Margin
5.0%
38.2%
Operating Margin
-4.1%
10.0%
Net Margin
-0.3%
10.5%
Revenue YoY
-55.7%
8.3%
Net Profit YoY
-107.0%
-32.1%
EPS (diluted)
$-0.04
$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
FAMI
FAMI
FEIM
FEIM
Q4 25
$17.1M
Q3 25
$13.8M
Q2 25
$20.0M
Q1 25
$16.1M
$18.9M
Q4 24
$15.8M
Q3 24
$15.1M
Q2 24
$15.6M
Q1 24
$36.4M
$13.7M
Net Profit
FAMI
FAMI
FEIM
FEIM
Q4 25
$1.8M
Q3 25
$634.0K
Q2 25
$3.2M
Q1 25
$-44.0K
$15.4M
Q4 24
$2.7M
Q3 24
$2.4M
Q2 24
$2.6M
Q1 24
$630.5K
$130.0K
Gross Margin
FAMI
FAMI
FEIM
FEIM
Q4 25
38.2%
Q3 25
36.8%
Q2 25
37.5%
Q1 25
5.0%
43.8%
Q4 24
48.2%
Q3 24
44.4%
Q2 24
40.3%
Q1 24
5.9%
22.6%
Operating Margin
FAMI
FAMI
FEIM
FEIM
Q4 25
10.0%
Q3 25
2.6%
Q2 25
16.4%
Q1 25
-4.1%
18.3%
Q4 24
16.5%
Q3 24
15.7%
Q2 24
16.0%
Q1 24
2.5%
-3.4%
Net Margin
FAMI
FAMI
FEIM
FEIM
Q4 25
10.5%
Q3 25
4.6%
Q2 25
16.0%
Q1 25
-0.3%
81.4%
Q4 24
16.8%
Q3 24
16.1%
Q2 24
16.9%
Q1 24
1.7%
0.9%
EPS (diluted)
FAMI
FAMI
FEIM
FEIM
Q4 25
$0.18
Q3 25
$0.07
Q2 25
$0.33
Q1 25
$-0.04
$1.60
Q4 24
$0.28
Q3 24
$0.25
Q2 24
$0.28
Q1 24
$1.20
$0.01

Balance Sheet & Financial Strength

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

Metric
FAMI
FAMI
FEIM
FEIM
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.4M
$58.5M
Total Assets
$230.4M
$92.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAMI
FAMI
FEIM
FEIM
Q4 25
$3.0M
Q3 25
$4.5M
Q2 25
$4.7M
Q1 25
$5.5M
Q4 24
$9.7M
Q3 24
$16.2M
Q2 24
$18.3M
Q1 24
$11.7M
Stockholders' Equity
FAMI
FAMI
FEIM
FEIM
Q4 25
$58.5M
Q3 25
$56.3M
Q2 25
$55.6M
Q1 25
$166.4M
$51.8M
Q4 24
$36.2M
Q3 24
$33.2M
Q2 24
$39.8M
Q1 24
$164.4M
$36.7M
Total Assets
FAMI
FAMI
FEIM
FEIM
Q4 25
$92.3M
Q3 25
$93.2M
Q2 25
$93.7M
Q1 25
$230.4M
$86.4M
Q4 24
$77.8M
Q3 24
$84.3M
Q2 24
$83.3M
Q1 24
$171.9M
$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
FAMI
FAMI
FEIM
FEIM
Operating Cash FlowLast quarter
$14.6M
$-523.0K
Free Cash FlowOCF − Capex
$14.6M
$-1.1M
FCF MarginFCF / Revenue
90.1%
-6.6%
Capex IntensityCapex / Revenue
0.1%
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
FAMI
FAMI
FEIM
FEIM
Q4 25
$-523.0K
Q3 25
$1.2M
Q2 25
$-155.0K
Q1 25
$14.6M
$-3.6M
Q4 24
$3.8M
Q3 24
$-1.5M
Q2 24
$7.5M
Q1 24
$-14.9M
$4.2M
Free Cash Flow
FAMI
FAMI
FEIM
FEIM
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$-786.0K
Q1 25
$14.6M
$-4.0M
Q4 24
$3.3M
Q3 24
$-1.8M
Q2 24
$6.7M
Q1 24
$3.9M
FCF Margin
FAMI
FAMI
FEIM
FEIM
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
-3.9%
Q1 25
90.1%
-20.9%
Q4 24
20.8%
Q3 24
-11.8%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
FAMI
FAMI
FEIM
FEIM
Q4 25
3.6%
Q3 25
5.6%
Q2 25
3.2%
Q1 25
0.1%
1.7%
Q4 24
3.3%
Q3 24
2.2%
Q2 24
5.3%
Q1 24
0.0%
2.3%
Cash Conversion
FAMI
FAMI
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
-23.63×
32.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FAMI
FAMI

Segment breakdown not available.

FEIM
FEIM

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

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