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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $17.1M, roughly 1.8× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -8.6%, a 19.1% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -0.5%).
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.
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
FEIM vs FGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $30.5M |
| Net Profit | $1.8M | $-2.6M |
| Gross Margin | 38.2% | 26.7% |
| Operating Margin | 10.0% | -2.2% |
| Net Margin | 10.5% | -8.6% |
| Revenue YoY | 8.3% | -14.4% |
| Net Profit YoY | -32.1% | -553.1% |
| EPS (diluted) | $0.18 | $-1.63 |
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 | $17.1M | $30.5M | ||
| Q3 25 | $13.8M | $35.8M | ||
| Q2 25 | $20.0M | $31.0M | ||
| Q1 25 | $18.9M | $33.2M | ||
| Q4 24 | $15.8M | $35.6M | ||
| Q3 24 | $15.1M | $36.1M | ||
| Q2 24 | $15.6M | $29.4M | ||
| Q1 24 | $13.7M | $30.8M |
| Q4 25 | $1.8M | $-2.6M | ||
| Q3 25 | $634.0K | $-1.7M | ||
| Q2 25 | $3.2M | $-1.2M | ||
| Q1 25 | $15.4M | $-629.1K | ||
| Q4 24 | $2.7M | $-402.3K | ||
| Q3 24 | $2.4M | $-550.1K | ||
| Q2 24 | $2.6M | $163.6K | ||
| Q1 24 | $130.0K | $-412.2K |
| Q4 25 | 38.2% | 26.7% | ||
| Q3 25 | 36.8% | 26.5% | ||
| Q2 25 | 37.5% | 28.1% | ||
| Q1 25 | 43.8% | 26.8% | ||
| Q4 24 | 48.2% | 24.6% | ||
| Q3 24 | 44.4% | 25.8% | ||
| Q2 24 | 40.3% | 30.5% | ||
| Q1 24 | 22.6% | 27.4% |
| Q4 25 | 10.0% | -2.2% | ||
| Q3 25 | 2.6% | 1.0% | ||
| Q2 25 | 16.4% | -2.7% | ||
| Q1 25 | 18.3% | -3.9% | ||
| Q4 24 | 16.5% | -3.5% | ||
| Q3 24 | 15.7% | -0.2% | ||
| Q2 24 | 16.0% | -1.5% | ||
| Q1 24 | -3.4% | -1.0% |
| Q4 25 | 10.5% | -8.6% | ||
| Q3 25 | 4.6% | -4.6% | ||
| Q2 25 | 16.0% | -4.0% | ||
| Q1 25 | 81.4% | -1.9% | ||
| Q4 24 | 16.8% | -1.1% | ||
| Q3 24 | 16.1% | -1.5% | ||
| Q2 24 | 16.9% | 0.6% | ||
| Q1 24 | 0.9% | -1.3% |
| Q4 25 | $0.18 | $-1.63 | ||
| Q3 25 | $0.07 | $-0.86 | ||
| Q2 25 | $0.33 | $-0.64 | ||
| Q1 25 | $1.60 | $-0.07 | ||
| Q4 24 | $0.28 | $-0.38 | ||
| Q3 24 | $0.25 | $-0.29 | ||
| Q2 24 | $0.28 | $0.08 | ||
| Q1 24 | $0.01 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $17.3M |
| Total Assets | $92.3M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $1.9M | ||
| Q3 25 | $4.5M | $1.9M | ||
| Q2 25 | $4.7M | $2.5M | ||
| Q1 25 | $5.5M | $1.2M | ||
| Q4 24 | $9.7M | $4.6M | ||
| Q3 24 | $16.2M | $3.0M | ||
| Q2 24 | $18.3M | $1.3M | ||
| Q1 24 | $11.7M | $3.3M |
| Q4 25 | $58.5M | $17.3M | ||
| Q3 25 | $56.3M | $19.7M | ||
| Q2 25 | $55.6M | $21.3M | ||
| Q1 25 | $51.8M | $21.8M | ||
| Q4 24 | $36.2M | $22.3M | ||
| Q3 24 | $33.2M | $23.5M | ||
| Q2 24 | $39.8M | $23.8M | ||
| Q1 24 | $36.7M | $23.9M |
| Q4 25 | $92.3M | $69.5M | ||
| Q3 25 | $93.2M | $73.0M | ||
| Q2 25 | $93.7M | $71.7M | ||
| Q1 25 | $86.4M | $68.5M | ||
| Q4 24 | $77.8M | $75.5M | ||
| Q3 24 | $84.3M | $74.7M | ||
| Q2 24 | $83.3M | $69.9M | ||
| Q1 24 | $77.7M | $68.6M |
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 | $-523.0K | $2.3M |
| Free Cash FlowOCF − Capex | $-1.1M | $2.3M |
| FCF MarginFCF / Revenue | -6.6% | 7.5% |
| Capex IntensityCapex / Revenue | 3.6% | 0.2% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $2.3M | ||
| Q3 25 | $1.2M | $-1.9M | ||
| Q2 25 | $-155.0K | $7.6M | ||
| Q1 25 | $-3.6M | $-7.4M | ||
| Q4 24 | $3.8M | $617.4K | ||
| Q3 24 | $-1.5M | $-915.0K | ||
| Q2 24 | $7.5M | $862.1K | ||
| Q1 24 | $4.2M | $-8.0M |
| Q4 25 | $-1.1M | $2.3M | ||
| Q3 25 | $385.0K | $-2.1M | ||
| Q2 25 | $-786.0K | $7.4M | ||
| Q1 25 | $-4.0M | $-7.7M | ||
| Q4 24 | $3.3M | $-214.1K | ||
| Q3 24 | $-1.8M | $-1.1M | ||
| Q2 24 | $6.7M | $281.5K | ||
| Q1 24 | $3.9M | $-8.6M |
| Q4 25 | -6.6% | 7.5% | ||
| Q3 25 | 2.8% | -5.9% | ||
| Q2 25 | -3.9% | 23.8% | ||
| Q1 25 | -20.9% | -23.3% | ||
| Q4 24 | 20.8% | -0.6% | ||
| Q3 24 | -11.8% | -3.0% | ||
| Q2 24 | 42.8% | 1.0% | ||
| Q1 24 | 28.4% | -28.0% |
| Q4 25 | 3.6% | 0.2% | ||
| Q3 25 | 5.6% | 0.7% | ||
| Q2 25 | 3.2% | 0.7% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | 3.3% | 2.3% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 5.3% | 2.0% | ||
| Q1 24 | 2.3% | 2.0% |
| 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× | 5.27× | ||
| Q1 24 | 32.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
