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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $17.1M, roughly 1.2× FREQUENCY ELECTRONICS INC). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 10.5%, a 54.4% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs 8.3%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs 9.1%).

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.

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

FEIM vs MITT — Head-to-Head

Bigger by revenue
MITT
MITT
1.2× larger
MITT
$20.4M
$17.1M
FEIM
Growing faster (revenue YoY)
MITT
MITT
+9.4% gap
MITT
17.7%
8.3%
FEIM
Higher net margin
MITT
MITT
54.4% more per $
MITT
65.0%
10.5%
FEIM
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
9.1%
MITT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
MITT
MITT
Revenue
$17.1M
$20.4M
Net Profit
$1.8M
$13.3M
Gross Margin
38.2%
Operating Margin
10.0%
67.1%
Net Margin
10.5%
65.0%
Revenue YoY
8.3%
17.7%
Net Profit YoY
-32.1%
-7.0%
EPS (diluted)
$0.18
$0.27

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
MITT
MITT
Q4 25
$17.1M
$20.4M
Q3 25
$13.8M
$19.5M
Q2 25
$20.0M
$17.8M
Q1 25
$18.9M
$18.8M
Q4 24
$15.8M
$17.4M
Q3 24
$15.1M
$14.9M
Q2 24
$15.6M
$16.4M
Q1 24
$13.7M
$17.2M
Net Profit
FEIM
FEIM
MITT
MITT
Q4 25
$1.8M
$13.3M
Q3 25
$634.0K
$20.0M
Q2 25
$3.2M
$3.9M
Q1 25
$15.4M
$11.5M
Q4 24
$2.7M
$14.3M
Q3 24
$2.4M
$16.6M
Q2 24
$2.6M
$3.9M
Q1 24
$130.0K
$20.9M
Gross Margin
FEIM
FEIM
MITT
MITT
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
MITT
MITT
Q4 25
10.0%
67.1%
Q3 25
2.6%
Q2 25
16.4%
20.9%
Q1 25
18.3%
54.6%
Q4 24
16.5%
76.7%
Q3 24
15.7%
Q2 24
16.0%
18.4%
Q1 24
-3.4%
Net Margin
FEIM
FEIM
MITT
MITT
Q4 25
10.5%
65.0%
Q3 25
4.6%
102.5%
Q2 25
16.0%
22.2%
Q1 25
81.4%
60.9%
Q4 24
16.8%
82.2%
Q3 24
16.1%
111.3%
Q2 24
16.9%
24.0%
Q1 24
0.9%
121.6%
EPS (diluted)
FEIM
FEIM
MITT
MITT
Q4 25
$0.18
$0.27
Q3 25
$0.07
$0.47
Q2 25
$0.33
$-0.05
Q1 25
$1.60
$0.21
Q4 24
$0.28
$0.30
Q3 24
$0.25
$0.40
Q2 24
$0.28
$-0.02
Q1 24
$0.01
$0.55

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$3.0M
$57.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$560.7M
Total Assets
$92.3M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
MITT
MITT
Q4 25
$3.0M
$57.8M
Q3 25
$4.5M
$59.0M
Q2 25
$4.7M
$88.7M
Q1 25
$5.5M
$115.5M
Q4 24
$9.7M
$118.7M
Q3 24
$16.2M
$102.5M
Q2 24
$18.3M
$120.9M
Q1 24
$11.7M
$100.3M
Stockholders' Equity
FEIM
FEIM
MITT
MITT
Q4 25
$58.5M
$560.7M
Q3 25
$56.3M
$559.8M
Q2 25
$55.6M
$536.4M
Q1 25
$51.8M
$543.9M
Q4 24
$36.2M
$543.4M
Q3 24
$33.2M
$540.1M
Q2 24
$39.8M
$533.5M
Q1 24
$36.7M
$539.6M
Total Assets
FEIM
FEIM
MITT
MITT
Q4 25
$92.3M
$8.7B
Q3 25
$93.2M
$9.0B
Q2 25
$93.7M
$7.5B
Q1 25
$86.4M
$7.3B
Q4 24
$77.8M
$6.9B
Q3 24
$84.3M
$7.0B
Q2 24
$83.3M
$7.1B
Q1 24
$77.7M
$6.4B

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
MITT
MITT
Operating Cash FlowLast quarter
$-523.0K
$59.6M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
4.48×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
MITT
MITT
Q4 25
$-523.0K
$59.6M
Q3 25
$1.2M
$17.4M
Q2 25
$-155.0K
$11.5M
Q1 25
$-3.6M
$12.0M
Q4 24
$3.8M
$55.8M
Q3 24
$-1.5M
$14.5M
Q2 24
$7.5M
$13.7M
Q1 24
$4.2M
$12.0M
Free Cash Flow
FEIM
FEIM
MITT
MITT
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$-786.0K
Q1 25
$-4.0M
Q4 24
$3.3M
Q3 24
$-1.8M
Q2 24
$6.7M
Q1 24
$3.9M
FCF Margin
FEIM
FEIM
MITT
MITT
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
-3.9%
Q1 25
-20.9%
Q4 24
20.8%
Q3 24
-11.8%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
FEIM
FEIM
MITT
MITT
Q4 25
3.6%
Q3 25
5.6%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
2.2%
Q2 24
5.3%
Q1 24
2.3%
Cash Conversion
FEIM
FEIM
MITT
MITT
Q4 25
-0.29×
4.48×
Q3 25
1.83×
0.87×
Q2 25
-0.05×
2.92×
Q1 25
-0.24×
1.05×
Q4 24
1.44×
3.91×
Q3 24
-0.60×
0.87×
Q2 24
2.85×
3.50×
Q1 24
32.36×
0.57×

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%

MITT
MITT

Segment breakdown not available.

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