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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Invivyd, Inc. (IVVD). Click either name above to swap in a different company.

Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $17.1M, roughly 1.0× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -64.3%, a 74.8% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs 8.3%).

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.

Invivyd, Inc. is a clinical-stage biopharmaceutical company focused on developing broadly neutralizing antibody therapies to prevent and treat serious viral infectious diseases. Its core research and development pipeline targets high-burden respiratory pathogens including respiratory syncytial virus, catering to unmet medical needs of global patient groups.

FEIM vs IVVD — Head-to-Head

Bigger by revenue
IVVD
IVVD
1.0× larger
IVVD
$17.2M
$17.1M
FEIM
Growing faster (revenue YoY)
IVVD
IVVD
+16.2% gap
IVVD
24.5%
8.3%
FEIM
Higher net margin
FEIM
FEIM
74.8% more per $
FEIM
10.5%
-64.3%
IVVD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
IVVD
IVVD
Revenue
$17.1M
$17.2M
Net Profit
$1.8M
$-11.1M
Gross Margin
38.2%
Operating Margin
10.0%
-73.0%
Net Margin
10.5%
-64.3%
Revenue YoY
8.3%
24.5%
Net Profit YoY
-32.1%
40.0%
EPS (diluted)
$0.18
$0.02

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
IVVD
IVVD
Q4 25
$17.1M
$17.2M
Q3 25
$13.8M
$13.1M
Q2 25
$20.0M
$11.8M
Q1 25
$18.9M
$11.3M
Q4 24
$15.8M
$13.8M
Q3 24
$15.1M
$9.3M
Q2 24
$15.6M
$2.3M
Q1 24
$13.7M
$0
Net Profit
FEIM
FEIM
IVVD
IVVD
Q4 25
$1.8M
$-11.1M
Q3 25
$634.0K
$-10.5M
Q2 25
$3.2M
$-14.7M
Q1 25
$15.4M
$-16.3M
Q4 24
$2.7M
$-18.4M
Q3 24
$2.4M
$-60.7M
Q2 24
$2.6M
$-47.2M
Q1 24
$130.0K
$-43.5M
Gross Margin
FEIM
FEIM
IVVD
IVVD
Q4 25
38.2%
Q3 25
36.8%
Q2 25
37.5%
Q1 25
43.8%
Q4 24
48.2%
Q3 24
44.4%
Q2 24
40.3%
Q1 24
22.6%
Operating Margin
FEIM
FEIM
IVVD
IVVD
Q4 25
10.0%
-73.0%
Q3 25
2.6%
-84.0%
Q2 25
16.4%
-127.8%
Q1 25
18.3%
-149.7%
Q4 24
16.5%
-139.1%
Q3 24
15.7%
-670.0%
Q2 24
16.0%
-2175.2%
Q1 24
-3.4%
Net Margin
FEIM
FEIM
IVVD
IVVD
Q4 25
10.5%
-64.3%
Q3 25
4.6%
-79.7%
Q2 25
16.0%
-124.4%
Q1 25
81.4%
-144.1%
Q4 24
16.8%
-133.5%
Q3 24
16.1%
-653.1%
Q2 24
16.9%
-2086.9%
Q1 24
0.9%
EPS (diluted)
FEIM
FEIM
IVVD
IVVD
Q4 25
$0.18
$0.02
Q3 25
$0.07
$-0.06
Q2 25
$0.33
$-0.12
Q1 25
$1.60
$-0.14
Q4 24
$0.28
$-0.14
Q3 24
$0.25
$-0.51
Q2 24
$0.28
$-0.40
Q1 24
$0.01
$-0.38

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
IVVD
IVVD
Cash + ST InvestmentsLiquidity on hand
$3.0M
$226.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$241.5M
Total Assets
$92.3M
$276.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
IVVD
IVVD
Q4 25
$3.0M
$226.7M
Q3 25
$4.5M
$85.0M
Q2 25
$4.7M
$34.9M
Q1 25
$5.5M
$48.1M
Q4 24
$9.7M
$69.3M
Q3 24
$16.2M
$106.9M
Q2 24
$18.3M
$147.9M
Q1 24
$11.7M
$189.4M
Stockholders' Equity
FEIM
FEIM
IVVD
IVVD
Q4 25
$58.5M
$241.5M
Q3 25
$56.3M
$93.1M
Q2 25
$55.6M
$42.8M
Q1 25
$51.8M
$54.1M
Q4 24
$36.2M
$67.5M
Q3 24
$33.2M
$83.2M
Q2 24
$39.8M
$140.6M
Q1 24
$36.7M
$178.5M
Total Assets
FEIM
FEIM
IVVD
IVVD
Q4 25
$92.3M
$276.9M
Q3 25
$93.2M
$139.2M
Q2 25
$93.7M
$89.1M
Q1 25
$86.4M
$103.7M
Q4 24
$77.8M
$129.5M
Q3 24
$84.3M
$161.9M
Q2 24
$83.3M
$177.3M
Q1 24
$77.7M
$215.5M

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
IVVD
IVVD
Operating Cash FlowLast quarter
$-523.0K
$-15.5M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
0.0%
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
FEIM
FEIM
IVVD
IVVD
Q4 25
$-523.0K
$-15.5M
Q3 25
$1.2M
$-8.3M
Q2 25
$-155.0K
$-13.3M
Q1 25
$-3.6M
$-21.1M
Q4 24
$3.8M
$-37.6M
Q3 24
$-1.5M
$-41.1M
Q2 24
$7.5M
$-41.6M
Q1 24
$4.2M
$-50.2M
Free Cash Flow
FEIM
FEIM
IVVD
IVVD
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$-786.0K
$-13.3M
Q1 25
$-4.0M
$-21.3M
Q4 24
$3.3M
$-37.6M
Q3 24
$-1.8M
$-41.1M
Q2 24
$6.7M
Q1 24
$3.9M
$-50.4M
FCF Margin
FEIM
FEIM
IVVD
IVVD
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
-3.9%
-112.9%
Q1 25
-20.9%
-188.2%
Q4 24
20.8%
-272.2%
Q3 24
-11.8%
-441.6%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
FEIM
FEIM
IVVD
IVVD
Q4 25
3.6%
0.0%
Q3 25
5.6%
0.0%
Q2 25
3.2%
0.1%
Q1 25
1.7%
1.3%
Q4 24
3.3%
0.0%
Q3 24
2.2%
0.1%
Q2 24
5.3%
0.0%
Q1 24
2.3%
Cash Conversion
FEIM
FEIM
IVVD
IVVD
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%

IVVD
IVVD

Segment breakdown not available.

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