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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $17.1M, roughly 1.4× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -677.3%, a 687.8% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs 8.3%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs 8.9%).

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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

FEIM vs NEN — Head-to-Head

Bigger by revenue
NEN
NEN
1.4× larger
NEN
$23.6M
$17.1M
FEIM
Growing faster (revenue YoY)
NEN
NEN
+7.4% gap
NEN
15.7%
8.3%
FEIM
Higher net margin
FEIM
FEIM
687.8% more per $
FEIM
10.5%
-677.3%
NEN
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
8.9%
NEN

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
NEN
NEN
Revenue
$17.1M
$23.6M
Net Profit
$1.8M
$-1.4M
Gross Margin
38.2%
Operating Margin
10.0%
14.0%
Net Margin
10.5%
-677.3%
Revenue YoY
8.3%
15.7%
Net Profit YoY
-32.1%
-133.0%
EPS (diluted)
$0.18

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
NEN
NEN
Q4 25
$17.1M
$23.6M
Q3 25
$13.8M
$23.7M
Q2 25
$20.0M
$21.2M
Q1 25
$18.9M
$20.7M
Q4 24
$15.8M
$20.4M
Q3 24
$15.1M
$20.2M
Q2 24
$15.6M
$20.1M
Q1 24
$13.7M
$19.9M
Net Profit
FEIM
FEIM
NEN
NEN
Q4 25
$1.8M
$-1.4M
Q3 25
$634.0K
$-521.8K
Q2 25
$3.2M
$4.1M
Q1 25
$15.4M
$3.8M
Q4 24
$2.7M
$4.2M
Q3 24
$2.4M
$3.9M
Q2 24
$2.6M
$4.1M
Q1 24
$130.0K
$3.5M
Gross Margin
FEIM
FEIM
NEN
NEN
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
NEN
NEN
Q4 25
10.0%
14.0%
Q3 25
2.6%
20.0%
Q2 25
16.4%
33.3%
Q1 25
18.3%
30.1%
Q4 24
16.5%
32.4%
Q3 24
15.7%
32.0%
Q2 24
16.0%
32.6%
Q1 24
-3.4%
28.9%
Net Margin
FEIM
FEIM
NEN
NEN
Q4 25
10.5%
-677.3%
Q3 25
4.6%
-2.2%
Q2 25
16.0%
19.5%
Q1 25
81.4%
18.3%
Q4 24
16.8%
20.7%
Q3 24
16.1%
19.3%
Q2 24
16.9%
20.3%
Q1 24
0.9%
17.4%
EPS (diluted)
FEIM
FEIM
NEN
NEN
Q4 25
$0.18
Q3 25
$0.07
Q2 25
$0.33
Q1 25
$1.60
Q4 24
$0.28
Q3 24
$0.25
Q2 24
$0.28
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$3.0M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$58.5M
Total Assets
$92.3M
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
NEN
NEN
Q4 25
$3.0M
$26.7M
Q3 25
$4.5M
$13.4M
Q2 25
$4.7M
$16.7M
Q1 25
$5.5M
$30.9M
Q4 24
$9.7M
$17.6M
Q3 24
$16.2M
$15.1M
Q2 24
$18.3M
$13.5M
Q1 24
$11.7M
$28.8M
Total Debt
FEIM
FEIM
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
FEIM
FEIM
NEN
NEN
Q4 25
$58.5M
Q3 25
$56.3M
Q2 25
$55.6M
Q1 25
$51.8M
Q4 24
$36.2M
Q3 24
$33.2M
Q2 24
$39.8M
Q1 24
$36.7M
Total Assets
FEIM
FEIM
NEN
NEN
Q4 25
$92.3M
$505.3M
Q3 25
$93.2M
$492.9M
Q2 25
$93.7M
$494.8M
Q1 25
$86.4M
$385.2M
Q4 24
$77.8M
$393.5M
Q3 24
$84.3M
$387.4M
Q2 24
$83.3M
$383.7M
Q1 24
$77.7M
$381.2M

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
NEN
NEN
Operating Cash FlowLast quarter
$-523.0K
$27.7M
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.

Operating Cash Flow
FEIM
FEIM
NEN
NEN
Q4 25
$-523.0K
$27.7M
Q3 25
$1.2M
$2.3M
Q2 25
$-155.0K
$12.5M
Q1 25
$-3.6M
$5.5M
Q4 24
$3.8M
$31.9M
Q3 24
$-1.5M
$8.5M
Q2 24
$7.5M
$5.4M
Q1 24
$4.2M
$6.1M
Free Cash Flow
FEIM
FEIM
NEN
NEN
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
NEN
NEN
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
NEN
NEN
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
NEN
NEN
Q4 25
-0.29×
Q3 25
1.83×
Q2 25
-0.05×
3.02×
Q1 25
-0.24×
1.44×
Q4 24
1.44×
7.57×
Q3 24
-0.60×
2.17×
Q2 24
2.85×
1.32×
Q1 24
32.36×
1.77×

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%

NEN
NEN

Segment breakdown not available.

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