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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $16.8M, roughly 1.0× John Marshall Bancorp, Inc.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs 10.5%, a 25.8% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% CAGR vs 11.8%).
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.
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
FEIM vs JMSB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $16.8M |
| Net Profit | $1.8M | $6.1M |
| Gross Margin | 38.2% | — |
| Operating Margin | 10.0% | — |
| Net Margin | 10.5% | 36.3% |
| Revenue YoY | 8.3% | — |
| Net Profit YoY | -32.1% | 26.8% |
| EPS (diluted) | $0.18 | $0.43 |
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.
| Q1 26 | — | $16.8M | ||
| Q4 25 | $17.1M | $16.4M | ||
| Q3 25 | $13.8M | $16.3M | ||
| Q2 25 | $20.0M | $15.4M | ||
| Q1 25 | $18.9M | $14.6M | ||
| Q4 24 | $15.8M | $14.3M | ||
| Q3 24 | $15.1M | $13.8M | ||
| Q2 24 | $15.6M | $12.6M |
| Q1 26 | — | $6.1M | ||
| Q4 25 | $1.8M | $5.9M | ||
| Q3 25 | $634.0K | $5.4M | ||
| Q2 25 | $3.2M | $5.1M | ||
| Q1 25 | $15.4M | $4.8M | ||
| Q4 24 | $2.7M | $4.8M | ||
| Q3 24 | $2.4M | $4.2M | ||
| Q2 24 | $2.6M | $3.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 10.0% | 47.4% | ||
| Q3 25 | 2.6% | 42.2% | ||
| Q2 25 | 16.4% | 42.7% | ||
| Q1 25 | 18.3% | 42.4% | ||
| Q4 24 | 16.5% | 42.5% | ||
| Q3 24 | 15.7% | 38.8% | ||
| Q2 24 | 16.0% | 39.7% |
| Q1 26 | — | 36.3% | ||
| Q4 25 | 10.5% | 36.2% | ||
| Q3 25 | 4.6% | 33.2% | ||
| Q2 25 | 16.0% | 33.1% | ||
| Q1 25 | 81.4% | 32.9% | ||
| Q4 24 | 16.8% | 33.3% | ||
| Q3 24 | 16.1% | 30.7% | ||
| Q2 24 | 16.9% | 30.9% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | $0.18 | $0.41 | ||
| Q3 25 | $0.07 | $0.38 | ||
| Q2 25 | $0.33 | $0.36 | ||
| Q1 25 | $1.60 | $0.34 | ||
| Q4 24 | $0.28 | $0.33 | ||
| Q3 24 | $0.25 | $0.30 | ||
| Q2 24 | $0.28 | $0.27 |
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 | $150.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $268.1M |
| Total Assets | $92.3M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.2M | ||
| Q4 25 | $3.0M | $130.0M | ||
| Q3 25 | $4.5M | $163.6M | ||
| Q2 25 | $4.7M | $116.9M | ||
| Q1 25 | $5.5M | $169.1M | ||
| Q4 24 | $9.7M | $122.5M | ||
| Q3 24 | $16.2M | $177.2M | ||
| Q2 24 | $18.3M | $182.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $80.9M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $80.8M | ||
| Q1 25 | — | $80.8M | ||
| Q4 24 | — | $80.8M | ||
| Q3 24 | — | $80.8M | ||
| Q2 24 | — | $24.7M |
| Q1 26 | — | $268.1M | ||
| Q4 25 | $58.5M | $265.6M | ||
| Q3 25 | $56.3M | $259.7M | ||
| Q2 25 | $55.6M | $253.7M | ||
| Q1 25 | $51.8M | $253.0M | ||
| Q4 24 | $36.2M | $246.6M | ||
| Q3 24 | $33.2M | $243.1M | ||
| Q2 24 | $39.8M | $235.3M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $92.3M | $2.3B | ||
| Q3 25 | $93.2M | $2.3B | ||
| Q2 25 | $93.7M | $2.3B | ||
| Q1 25 | $86.4M | $2.3B | ||
| Q4 24 | $77.8M | $2.2B | ||
| Q3 24 | $84.3M | $2.3B | ||
| Q2 24 | $83.3M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 0.11× |
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 | — |
| Free Cash FlowOCF − Capex | $-1.1M | — |
| FCF MarginFCF / Revenue | -6.6% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-523.0K | $22.6M | ||
| Q3 25 | $1.2M | $1.2M | ||
| Q2 25 | $-155.0K | $7.5M | ||
| Q1 25 | $-3.6M | $7.0M | ||
| Q4 24 | $3.8M | $17.3M | ||
| Q3 24 | $-1.5M | $1.4M | ||
| Q2 24 | $7.5M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.1M | $22.0M | ||
| Q3 25 | $385.0K | $1.2M | ||
| Q2 25 | $-786.0K | $7.4M | ||
| Q1 25 | $-4.0M | $6.6M | ||
| Q4 24 | $3.3M | $16.8M | ||
| Q3 24 | $-1.8M | $1.3M | ||
| Q2 24 | $6.7M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | -6.6% | 134.7% | ||
| Q3 25 | 2.8% | 7.3% | ||
| Q2 25 | -3.9% | 47.8% | ||
| Q1 25 | -20.9% | 45.3% | ||
| Q4 24 | 20.8% | 116.9% | ||
| Q3 24 | -11.8% | 9.5% | ||
| Q2 24 | 42.8% | 80.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 3.4% | ||
| Q3 25 | 5.6% | 0.2% | ||
| Q2 25 | 3.2% | 1.0% | ||
| Q1 25 | 1.7% | 2.3% | ||
| Q4 24 | 3.3% | 3.4% | ||
| Q3 24 | 2.2% | 0.8% | ||
| Q2 24 | 5.3% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.29× | 3.82× | ||
| Q3 25 | 1.83× | 0.23× | ||
| Q2 25 | -0.05× | 1.48× | ||
| Q1 25 | -0.24× | 1.45× | ||
| Q4 24 | 1.44× | 3.61× | ||
| Q3 24 | -0.60× | 0.33× | ||
| Q2 24 | 2.85× | 2.60× |
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% |
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
