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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and LCNB CORP (LCNB). Click either name above to swap in a different company.
LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $17.1M, roughly 1.4× FREQUENCY ELECTRONICS INC). LCNB CORP runs the higher net margin — 23.7% vs 10.5%, a 13.2% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-1.1M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% 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.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
FEIM vs LCNB — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $23.9M |
| Net Profit | $1.8M | $5.7M |
| Gross Margin | 38.2% | — |
| Operating Margin | 10.0% | 29.2% |
| Net Margin | 10.5% | 23.7% |
| Revenue YoY | 8.3% | 5.1% |
| Net Profit YoY | -32.1% | -7.6% |
| EPS (diluted) | $0.18 | $0.40 |
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 | $23.9M | ||
| Q3 25 | $13.8M | $23.8M | ||
| Q2 25 | $20.0M | $22.8M | ||
| Q1 25 | $18.9M | $21.5M | ||
| Q4 24 | $15.8M | $22.7M | ||
| Q3 24 | $15.1M | $21.4M | ||
| Q2 24 | $15.6M | $19.3M | ||
| Q1 24 | $13.7M | $17.8M |
| Q4 25 | $1.8M | $5.7M | ||
| Q3 25 | $634.0K | $6.9M | ||
| Q2 25 | $3.2M | $5.9M | ||
| Q1 25 | $15.4M | $4.6M | ||
| Q4 24 | $2.7M | $6.1M | ||
| Q3 24 | $2.4M | $4.5M | ||
| Q2 24 | $2.6M | $925.0K | ||
| Q1 24 | $130.0K | $1.9M |
| 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% | — |
| Q4 25 | 10.0% | 29.2% | ||
| Q3 25 | 2.6% | 35.6% | ||
| Q2 25 | 16.4% | 31.6% | ||
| Q1 25 | 18.3% | 25.6% | ||
| Q4 24 | 16.5% | 32.9% | ||
| Q3 24 | 15.7% | 24.9% | ||
| Q2 24 | 16.0% | 4.9% | ||
| Q1 24 | -3.4% | 12.5% |
| Q4 25 | 10.5% | 23.7% | ||
| Q3 25 | 4.6% | 29.1% | ||
| Q2 25 | 16.0% | 26.0% | ||
| Q1 25 | 81.4% | 21.4% | ||
| Q4 24 | 16.8% | 27.0% | ||
| Q3 24 | 16.1% | 21.2% | ||
| Q2 24 | 16.9% | 4.8% | ||
| Q1 24 | 0.9% | 10.7% |
| Q4 25 | $0.18 | $0.40 | ||
| Q3 25 | $0.07 | $0.49 | ||
| Q2 25 | $0.33 | $0.41 | ||
| Q1 25 | $1.60 | $0.33 | ||
| Q4 24 | $0.28 | $0.44 | ||
| Q3 24 | $0.25 | $0.31 | ||
| Q2 24 | $0.28 | $0.07 | ||
| Q1 24 | $0.01 | $0.15 |
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 | $21.6M |
| Total DebtLower is stronger | — | $104.4M |
| Stockholders' EquityBook value | $58.5M | $273.9M |
| Total Assets | $92.3M | $2.2B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $21.6M | ||
| Q3 25 | $4.5M | $35.9M | ||
| Q2 25 | $4.7M | $49.8M | ||
| Q1 25 | $5.5M | $37.7M | ||
| Q4 24 | $9.7M | $35.7M | ||
| Q3 24 | $16.2M | $39.4M | ||
| Q2 24 | $18.3M | $34.9M | ||
| Q1 24 | $11.7M | $33.0M |
| Q4 25 | — | $104.4M | ||
| Q3 25 | — | $104.7M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $155.2M | ||
| Q3 24 | — | $155.7M | ||
| Q2 24 | — | $162.2M | ||
| Q1 24 | — | $162.6M |
| Q4 25 | $58.5M | $273.9M | ||
| Q3 25 | $56.3M | $269.9M | ||
| Q2 25 | $55.6M | $263.5M | ||
| Q1 25 | $51.8M | $258.7M | ||
| Q4 24 | $36.2M | $253.0M | ||
| Q3 24 | $33.2M | $253.2M | ||
| Q2 24 | $39.8M | $245.2M | ||
| Q1 24 | $36.7M | $233.7M |
| Q4 25 | $92.3M | $2.2B | ||
| Q3 25 | $93.2M | $2.2B | ||
| Q2 25 | $93.7M | $2.3B | ||
| Q1 25 | $86.4M | $2.3B | ||
| Q4 24 | $77.8M | $2.3B | ||
| Q3 24 | $84.3M | $2.3B | ||
| Q2 24 | $83.3M | $2.4B | ||
| Q1 24 | $77.7M | $2.3B |
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.70× |
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 | $34.4M |
| Free Cash FlowOCF − Capex | $-1.1M | $33.4M |
| FCF MarginFCF / Revenue | -6.6% | 140.2% |
| Capex IntensityCapex / Revenue | 3.6% | 4.0% |
| Cash ConversionOCF / Net Profit | -0.29× | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $34.4M | ||
| Q3 25 | $1.2M | $14.0M | ||
| Q2 25 | $-155.0K | $5.5M | ||
| Q1 25 | $-3.6M | $2.2M | ||
| Q4 24 | $3.8M | $93.2M | ||
| Q3 24 | $-1.5M | $11.9M | ||
| Q2 24 | $7.5M | $54.9M | ||
| Q1 24 | $4.2M | $-11.9M |
| Q4 25 | $-1.1M | $33.4M | ||
| Q3 25 | $385.0K | $13.7M | ||
| Q2 25 | $-786.0K | $5.2M | ||
| Q1 25 | $-4.0M | $2.1M | ||
| Q4 24 | $3.3M | $89.4M | ||
| Q3 24 | $-1.8M | $10.5M | ||
| Q2 24 | $6.7M | $53.8M | ||
| Q1 24 | $3.9M | $-12.8M |
| Q4 25 | -6.6% | 140.2% | ||
| Q3 25 | 2.8% | 57.4% | ||
| Q2 25 | -3.9% | 23.0% | ||
| Q1 25 | -20.9% | 10.0% | ||
| Q4 24 | 20.8% | 394.0% | ||
| Q3 24 | -11.8% | 49.0% | ||
| Q2 24 | 42.8% | 278.6% | ||
| Q1 24 | 28.4% | -71.8% |
| Q4 25 | 3.6% | 4.0% | ||
| Q3 25 | 5.6% | 1.3% | ||
| Q2 25 | 3.2% | 1.0% | ||
| Q1 25 | 1.7% | 0.3% | ||
| Q4 24 | 3.3% | 16.7% | ||
| Q3 24 | 2.2% | 6.7% | ||
| Q2 24 | 5.3% | 5.9% | ||
| Q1 24 | 2.3% | 4.8% |
| Q4 25 | -0.29× | 6.08× | ||
| Q3 25 | 1.83× | 2.02× | ||
| Q2 25 | -0.05× | 0.92× | ||
| Q1 25 | -0.24× | 0.48× | ||
| Q4 24 | 1.44× | 15.23× | ||
| Q3 24 | -0.60× | 2.63× | ||
| Q2 24 | 2.85× | 59.35× | ||
| Q1 24 | 32.36× | -6.24× |
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% |
LCNB
Segment breakdown not available.
