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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
IT TECH PACKAGING, INC. is the larger business by last-quarter revenue ($25.6M vs $17.1M, roughly 1.5× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -5.7%, a 16.2% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 2.1%). IT TECH PACKAGING, INC. produced more free cash flow last quarter ($1.5M vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs 10.5%).
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.
IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.
FEIM vs ITP — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $25.6M |
| Net Profit | $1.8M | $-1.4M |
| Gross Margin | 38.2% | 7.9% |
| Operating Margin | 10.0% | -3.9% |
| Net Margin | 10.5% | -5.7% |
| Revenue YoY | 8.3% | 2.1% |
| Net Profit YoY | -32.1% | 26.6% |
| EPS (diluted) | $0.18 | $-0.11 |
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 | — | ||
| Q3 25 | $13.8M | $25.6M | ||
| Q2 25 | $20.0M | $24.8M | ||
| Q1 25 | $18.9M | $10.9M | ||
| Q4 24 | $15.8M | $17.6M | ||
| Q3 24 | $15.1M | $25.1M | ||
| Q2 24 | $15.6M | $26.2M | ||
| Q1 24 | $13.7M | $6.9M |
| Q4 25 | $1.8M | — | ||
| Q3 25 | $634.0K | $-1.4M | ||
| Q2 25 | $3.2M | $-2.0M | ||
| Q1 25 | $15.4M | $-3.5M | ||
| Q4 24 | $2.7M | $-4.0M | ||
| Q3 24 | $2.4M | $-2.0M | ||
| Q2 24 | $2.6M | $-77.7K | ||
| Q1 24 | $130.0K | $-3.7M |
| Q4 25 | 38.2% | — | ||
| Q3 25 | 36.8% | 7.9% | ||
| Q2 25 | 37.5% | 5.1% | ||
| Q1 25 | 43.8% | 0.8% | ||
| Q4 24 | 48.2% | 6.3% | ||
| Q3 24 | 44.4% | 7.6% | ||
| Q2 24 | 40.3% | 12.4% | ||
| Q1 24 | 22.6% | 5.8% |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 2.6% | -3.9% | ||
| Q2 25 | 16.4% | -7.1% | ||
| Q1 25 | 18.3% | -31.0% | ||
| Q4 24 | 16.5% | -21.5% | ||
| Q3 24 | 15.7% | -5.8% | ||
| Q2 24 | 16.0% | 2.1% | ||
| Q1 24 | -3.4% | -51.0% |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 4.6% | -5.7% | ||
| Q2 25 | 16.0% | -7.9% | ||
| Q1 25 | 81.4% | -32.2% | ||
| Q4 24 | 16.8% | -22.9% | ||
| Q3 24 | 16.1% | -7.9% | ||
| Q2 24 | 16.9% | -0.3% | ||
| Q1 24 | 0.9% | -54.6% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.07 | $-0.11 | ||
| Q2 25 | $0.33 | $-0.16 | ||
| Q1 25 | $1.60 | $-0.35 | ||
| Q4 24 | $0.28 | $-0.40 | ||
| Q3 24 | $0.25 | $-0.20 | ||
| Q2 24 | $0.28 | $-0.01 | ||
| Q1 24 | $0.01 | $-0.37 |
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 | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $58.5M | $152.0M |
| Total Assets | $92.3M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $58.5M | — | ||
| Q3 25 | $56.3M | $152.0M | ||
| Q2 25 | $55.6M | $152.3M | ||
| Q1 25 | $51.8M | $152.8M | ||
| Q4 24 | $36.2M | $156.1M | ||
| Q3 24 | $33.2M | $164.3M | ||
| Q2 24 | $39.8M | $163.5M | ||
| Q1 24 | $36.7M | $164.3M |
| Q4 25 | $92.3M | — | ||
| Q3 25 | $93.2M | $175.7M | ||
| Q2 25 | $93.7M | $175.2M | ||
| Q1 25 | $86.4M | $175.2M | ||
| Q4 24 | $77.8M | $177.5M | ||
| Q3 24 | $84.3M | $190.0M | ||
| Q2 24 | $83.3M | $191.4M | ||
| Q1 24 | $77.7M | $177.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $1.5M |
| Free Cash FlowOCF − Capex | $-1.1M | $1.5M |
| FCF MarginFCF / Revenue | -6.6% | 5.9% |
| Capex IntensityCapex / Revenue | 3.6% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | — | ||
| Q3 25 | $1.2M | $1.5M | ||
| Q2 25 | $-155.0K | $1.4M | ||
| Q1 25 | $-3.6M | $-2.5M | ||
| Q4 24 | $3.8M | $3.5M | ||
| Q3 24 | $-1.5M | $1.5M | ||
| Q2 24 | $7.5M | $721.9K | ||
| Q1 24 | $4.2M | $624.4K |
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $385.0K | $1.5M | ||
| Q2 25 | $-786.0K | $1.3M | ||
| Q1 25 | $-4.0M | $-2.5M | ||
| Q4 24 | $3.3M | $3.5M | ||
| Q3 24 | $-1.8M | $1.2M | ||
| Q2 24 | $6.7M | $668.3K | ||
| Q1 24 | $3.9M | $615.4K |
| Q4 25 | -6.6% | — | ||
| Q3 25 | 2.8% | 5.9% | ||
| Q2 25 | -3.9% | 5.4% | ||
| Q1 25 | -20.9% | -22.8% | ||
| Q4 24 | 20.8% | 19.6% | ||
| Q3 24 | -11.8% | 4.9% | ||
| Q2 24 | 42.8% | 2.5% | ||
| Q1 24 | 28.4% | 9.0% |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 5.6% | 0.0% | ||
| Q2 25 | 3.2% | 0.1% | ||
| Q1 25 | 1.7% | 0.1% | ||
| Q4 24 | 3.3% | 0.1% | ||
| Q3 24 | 2.2% | 1.0% | ||
| Q2 24 | 5.3% | 0.2% | ||
| Q1 24 | 2.3% | 0.1% |
| 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
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
ITP
Segment breakdown not available.
