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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and NATURAL HEALTH TRENDS CORP (NHTC). Click either name above to swap in a different company.

FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $9.7M, roughly 1.8× NATURAL HEALTH TRENDS CORP). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -6.0%, a 16.5% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -10.1%). NATURAL HEALTH TRENDS CORP produced more free cash flow last quarter ($-964.0K vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -5.6%).

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.

Sword Health is a digital health company that develops physical therapy programs for musculoskeletal (MSK) conditions, pelvic health, and injury prevention. The company was founded in 2015 in Portugal by Virgílio Bento and Márcio Colunas. Its services include digital physical therapy with artificial intelligence (AI) integrated into the care model. As of 2024, Sword Health operates internationally, with offices in the United States, Ireland, and Portugal. The company has been valued at $3 bil...

FEIM vs NHTC — Head-to-Head

Bigger by revenue
FEIM
FEIM
1.8× larger
FEIM
$17.1M
$9.7M
NHTC
Growing faster (revenue YoY)
FEIM
FEIM
+18.4% gap
FEIM
8.3%
-10.1%
NHTC
Higher net margin
FEIM
FEIM
16.5% more per $
FEIM
10.5%
-6.0%
NHTC
More free cash flow
NHTC
NHTC
$172.0K more FCF
NHTC
$-964.0K
$-1.1M
FEIM
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
-5.6%
NHTC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
NHTC
NHTC
Revenue
$17.1M
$9.7M
Net Profit
$1.8M
$-588.0K
Gross Margin
38.2%
72.9%
Operating Margin
10.0%
-6.5%
Net Margin
10.5%
-6.0%
Revenue YoY
8.3%
-10.1%
Net Profit YoY
-32.1%
-434.1%
EPS (diluted)
$0.18
$-0.05

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
NHTC
NHTC
Q4 25
$17.1M
$9.7M
Q3 25
$13.8M
$9.5M
Q2 25
$20.0M
$9.8M
Q1 25
$18.9M
$10.7M
Q4 24
$15.8M
$10.8M
Q3 24
$15.1M
$10.7M
Q2 24
$15.6M
$10.5M
Q1 24
$13.7M
$11.0M
Net Profit
FEIM
FEIM
NHTC
NHTC
Q4 25
$1.8M
$-588.0K
Q3 25
$634.0K
$-431.0K
Q2 25
$3.2M
$15.0K
Q1 25
$15.4M
$122.0K
Q4 24
$2.7M
$176.0K
Q3 24
$2.4M
$35.0K
Q2 24
$2.6M
$173.0K
Q1 24
$130.0K
$188.0K
Gross Margin
FEIM
FEIM
NHTC
NHTC
Q4 25
38.2%
72.9%
Q3 25
36.8%
73.7%
Q2 25
37.5%
73.9%
Q1 25
43.8%
73.6%
Q4 24
48.2%
74.2%
Q3 24
44.4%
74.1%
Q2 24
40.3%
74.2%
Q1 24
22.6%
73.4%
Operating Margin
FEIM
FEIM
NHTC
NHTC
Q4 25
10.0%
-6.5%
Q3 25
2.6%
-5.2%
Q2 25
16.4%
-3.4%
Q1 25
18.3%
-3.2%
Q4 24
16.5%
-3.9%
Q3 24
15.7%
-2.6%
Q2 24
16.0%
-2.3%
Q1 24
-3.4%
-3.3%
Net Margin
FEIM
FEIM
NHTC
NHTC
Q4 25
10.5%
-6.0%
Q3 25
4.6%
-4.5%
Q2 25
16.0%
0.2%
Q1 25
81.4%
1.1%
Q4 24
16.8%
1.6%
Q3 24
16.1%
0.3%
Q2 24
16.9%
1.7%
Q1 24
0.9%
1.7%
EPS (diluted)
FEIM
FEIM
NHTC
NHTC
Q4 25
$0.18
$-0.05
Q3 25
$0.07
$-0.04
Q2 25
$0.33
$0.00
Q1 25
$1.60
$0.01
Q4 24
$0.28
$0.01
Q3 24
$0.25
$0.00
Q2 24
$0.28
$0.02
Q1 24
$0.01
$0.02

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
NHTC
NHTC
Cash + ST InvestmentsLiquidity on hand
$3.0M
$28.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$23.4M
Total Assets
$92.3M
$38.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
NHTC
NHTC
Q4 25
$3.0M
$28.9M
Q3 25
$4.5M
$32.0M
Q2 25
$4.7M
$34.2M
Q1 25
$5.5M
$41.9M
Q4 24
$9.7M
$43.9M
Q3 24
$16.2M
$46.3M
Q2 24
$18.3M
$48.7M
Q1 24
$11.7M
$54.4M
Stockholders' Equity
FEIM
FEIM
NHTC
NHTC
Q4 25
$58.5M
$23.4M
Q3 25
$56.3M
$26.1M
Q2 25
$55.6M
$28.9M
Q1 25
$51.8M
$30.9M
Q4 24
$36.2M
$32.9M
Q3 24
$33.2M
$35.3M
Q2 24
$39.8M
$37.3M
Q1 24
$36.7M
$39.4M
Total Assets
FEIM
FEIM
NHTC
NHTC
Q4 25
$92.3M
$38.4M
Q3 25
$93.2M
$42.3M
Q2 25
$93.7M
$45.2M
Q1 25
$86.4M
$53.2M
Q4 24
$77.8M
$55.4M
Q3 24
$84.3M
$58.3M
Q2 24
$83.3M
$61.5M
Q1 24
$77.7M
$67.6M

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
NHTC
NHTC
Operating Cash FlowLast quarter
$-523.0K
$-959.0K
Free Cash FlowOCF − Capex
$-1.1M
$-964.0K
FCF MarginFCF / Revenue
-6.6%
-9.9%
Capex IntensityCapex / Revenue
3.6%
0.1%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M
$-6.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
NHTC
NHTC
Q4 25
$-523.0K
$-959.0K
Q3 25
$1.2M
$113.0K
Q2 25
$-155.0K
$-5.6M
Q1 25
$-3.6M
$484.0K
Q4 24
$3.8M
$88.0K
Q3 24
$-1.5M
$-436.0K
Q2 24
$7.5M
$-3.6M
Q1 24
$4.2M
$549.0K
Free Cash Flow
FEIM
FEIM
NHTC
NHTC
Q4 25
$-1.1M
$-964.0K
Q3 25
$385.0K
$70.0K
Q2 25
$-786.0K
$-5.6M
Q1 25
$-4.0M
$468.0K
Q4 24
$3.3M
$68.0K
Q3 24
$-1.8M
$-443.0K
Q2 24
$6.7M
$-3.6M
Q1 24
$3.9M
$538.0K
FCF Margin
FEIM
FEIM
NHTC
NHTC
Q4 25
-6.6%
-9.9%
Q3 25
2.8%
0.7%
Q2 25
-3.9%
-57.5%
Q1 25
-20.9%
4.4%
Q4 24
20.8%
0.6%
Q3 24
-11.8%
-4.1%
Q2 24
42.8%
-34.2%
Q1 24
28.4%
4.9%
Capex Intensity
FEIM
FEIM
NHTC
NHTC
Q4 25
3.6%
0.1%
Q3 25
5.6%
0.5%
Q2 25
3.2%
0.0%
Q1 25
1.7%
0.1%
Q4 24
3.3%
0.2%
Q3 24
2.2%
0.1%
Q2 24
5.3%
0.2%
Q1 24
2.3%
0.1%
Cash Conversion
FEIM
FEIM
NHTC
NHTC
Q4 25
-0.29×
Q3 25
1.83×
Q2 25
-0.05×
-375.67×
Q1 25
-0.24×
3.97×
Q4 24
1.44×
0.50×
Q3 24
-0.60×
-12.46×
Q2 24
2.85×
-20.62×
Q1 24
32.36×
2.92×

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%

NHTC
NHTC

Segment breakdown not available.

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