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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $17.1M, roughly 1.5× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -28.1%, a 38.6% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -8.2%). FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-12.7M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -8.7%).

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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

FEIM vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.5× larger
FSP
$26.0M
$17.1M
FEIM
Growing faster (revenue YoY)
FEIM
FEIM
+16.5% gap
FEIM
8.3%
-8.2%
FSP
Higher net margin
FEIM
FEIM
38.6% more per $
FEIM
10.5%
-28.1%
FSP
More free cash flow
FEIM
FEIM
$11.5M more FCF
FEIM
$-1.1M
$-12.7M
FSP
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
-8.7%
FSP

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
FSP
FSP
Revenue
$17.1M
$26.0M
Net Profit
$1.8M
$-7.3M
Gross Margin
38.2%
59.4%
Operating Margin
10.0%
-27.9%
Net Margin
10.5%
-28.1%
Revenue YoY
8.3%
-8.2%
Net Profit YoY
-32.1%
14.1%
EPS (diluted)
$0.18
$-0.06

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
FEIM
FEIM
FSP
FSP
Q4 25
$17.1M
$26.0M
Q3 25
$13.8M
$27.3M
Q2 25
$20.0M
$26.7M
Q1 25
$18.9M
$27.1M
Q4 24
$15.8M
$28.4M
Q3 24
$15.1M
$29.7M
Q2 24
$15.6M
$30.8M
Q1 24
$13.7M
$31.2M
Net Profit
FEIM
FEIM
FSP
FSP
Q4 25
$1.8M
$-7.3M
Q3 25
$634.0K
$-8.3M
Q2 25
$3.2M
$-7.9M
Q1 25
$15.4M
$-21.4M
Q4 24
$2.7M
$-8.5M
Q3 24
$2.4M
$-15.6M
Q2 24
$2.6M
$-21.0M
Q1 24
$130.0K
$-7.6M
Gross Margin
FEIM
FEIM
FSP
FSP
Q4 25
38.2%
59.4%
Q3 25
36.8%
60.9%
Q2 25
37.5%
59.9%
Q1 25
43.8%
62.8%
Q4 24
48.2%
59.7%
Q3 24
44.4%
61.0%
Q2 24
40.3%
64.2%
Q1 24
22.6%
64.7%
Operating Margin
FEIM
FEIM
FSP
FSP
Q4 25
10.0%
-27.9%
Q3 25
2.6%
-30.5%
Q2 25
16.4%
-29.2%
Q1 25
18.3%
-78.9%
Q4 24
16.5%
-29.9%
Q3 24
15.7%
-52.4%
Q2 24
16.0%
-68.0%
Q1 24
-3.4%
-24.0%
Net Margin
FEIM
FEIM
FSP
FSP
Q4 25
10.5%
-28.1%
Q3 25
4.6%
-30.5%
Q2 25
16.0%
-29.5%
Q1 25
81.4%
-79.1%
Q4 24
16.8%
-30.0%
Q3 24
16.1%
-52.6%
Q2 24
16.9%
-68.2%
Q1 24
0.9%
-24.2%
EPS (diluted)
FEIM
FEIM
FSP
FSP
Q4 25
$0.18
$-0.06
Q3 25
$0.07
$-0.08
Q2 25
$0.33
$-0.08
Q1 25
$1.60
$-0.21
Q4 24
$0.28
$-0.09
Q3 24
$0.25
$-0.15
Q2 24
$0.28
$-0.20
Q1 24
$0.01
$-0.07

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$3.0M
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$607.0M
Total Assets
$92.3M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
FSP
FSP
Q4 25
$3.0M
$30.6M
Q3 25
$4.5M
$31.4M
Q2 25
$4.7M
$29.4M
Q1 25
$5.5M
$30.2M
Q4 24
$9.7M
$41.1M
Q3 24
$16.2M
$40.9M
Q2 24
$18.3M
$30.2M
Q1 24
$11.7M
$34.2M
Stockholders' Equity
FEIM
FEIM
FSP
FSP
Q4 25
$58.5M
$607.0M
Q3 25
$56.3M
$615.3M
Q2 25
$55.6M
$624.7M
Q1 25
$51.8M
$633.4M
Q4 24
$36.2M
$655.9M
Q3 24
$33.2M
$665.4M
Q2 24
$39.8M
$682.1M
Q1 24
$36.7M
$703.9M
Total Assets
FEIM
FEIM
FSP
FSP
Q4 25
$92.3M
$892.9M
Q3 25
$93.2M
$901.0M
Q2 25
$93.7M
$903.2M
Q1 25
$86.4M
$916.4M
Q4 24
$77.8M
$946.9M
Q3 24
$84.3M
$981.5M
Q2 24
$83.3M
$1.0B
Q1 24
$77.7M
$1.0B

Cash Flow & Capital Efficiency

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

Metric
FEIM
FEIM
FSP
FSP
Operating Cash FlowLast quarter
$-523.0K
$3.8M
Free Cash FlowOCF − Capex
$-1.1M
$-12.7M
FCF MarginFCF / Revenue
-6.6%
-48.6%
Capex IntensityCapex / Revenue
3.6%
63.0%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
FSP
FSP
Q4 25
$-523.0K
$3.8M
Q3 25
$1.2M
$8.3M
Q2 25
$-155.0K
$-2.9M
Q1 25
$-3.6M
$-5.5M
Q4 24
$3.8M
$9.0M
Q3 24
$-1.5M
$14.5M
Q2 24
$7.5M
$-648.0K
Q1 24
$4.2M
$-7.1M
Free Cash Flow
FEIM
FEIM
FSP
FSP
Q4 25
$-1.1M
$-12.7M
Q3 25
$385.0K
$3.0M
Q2 25
$-786.0K
$-5.7M
Q1 25
$-4.0M
$-9.9M
Q4 24
$3.3M
$-16.2M
Q3 24
$-1.8M
$8.6M
Q2 24
$6.7M
$-5.1M
Q1 24
$3.9M
$-15.8M
FCF Margin
FEIM
FEIM
FSP
FSP
Q4 25
-6.6%
-48.6%
Q3 25
2.8%
11.0%
Q2 25
-3.9%
-21.5%
Q1 25
-20.9%
-36.7%
Q4 24
20.8%
-57.2%
Q3 24
-11.8%
29.1%
Q2 24
42.8%
-16.7%
Q1 24
28.4%
-50.8%
Capex Intensity
FEIM
FEIM
FSP
FSP
Q4 25
3.6%
63.0%
Q3 25
5.6%
19.4%
Q2 25
3.2%
10.7%
Q1 25
1.7%
16.4%
Q4 24
3.3%
88.9%
Q3 24
2.2%
19.6%
Q2 24
5.3%
14.6%
Q1 24
2.3%
28.1%
Cash Conversion
FEIM
FEIM
FSP
FSP
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

FEIM
FEIM

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

FSP
FSP

Segment breakdown not available.

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