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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $11.1M, roughly 1.5× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 10.5%, a 206.1% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -48.8%).
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.
NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.
FEIM vs NREF — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $11.1M |
| Net Profit | $1.8M | $24.0M |
| Gross Margin | 38.2% | — |
| Operating Margin | 10.0% | — |
| Net Margin | 10.5% | 216.6% |
| Revenue YoY | 8.3% | -48.8% |
| Net Profit YoY | -32.1% | 58.7% |
| EPS (diluted) | $0.18 | $0.47 |
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 | $11.1M | ||
| Q3 25 | $13.8M | $12.5M | ||
| Q2 25 | $20.0M | $12.1M | ||
| Q1 25 | $18.9M | $11.5M | ||
| Q4 24 | $15.8M | $21.7M | ||
| Q3 24 | $15.1M | $12.5M | ||
| Q2 24 | $15.6M | $6.7M | ||
| Q1 24 | $13.7M | $-12.8M |
| Q4 25 | $1.8M | $24.0M | ||
| Q3 25 | $634.0K | $50.9M | ||
| Q2 25 | $3.2M | $22.3M | ||
| Q1 25 | $15.4M | $26.0M | ||
| Q4 24 | $2.7M | $15.2M | ||
| Q3 24 | $2.4M | $23.3M | ||
| Q2 24 | $2.6M | $12.1M | ||
| Q1 24 | $130.0K | $-14.6M |
| 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% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 16.0% | — | ||
| Q1 24 | -3.4% | — |
| Q4 25 | 10.5% | 216.6% | ||
| Q3 25 | 4.6% | 407.0% | ||
| Q2 25 | 16.0% | 184.5% | ||
| Q1 25 | 81.4% | 225.6% | ||
| Q4 24 | 16.8% | 69.9% | ||
| Q3 24 | 16.1% | 186.4% | ||
| Q2 24 | 16.9% | 179.7% | ||
| Q1 24 | 0.9% | 114.3% |
| Q4 25 | $0.18 | $0.47 | ||
| Q3 25 | $0.07 | $1.14 | ||
| Q2 25 | $0.33 | $0.54 | ||
| Q1 25 | $1.60 | $0.70 | ||
| Q4 24 | $0.28 | $0.71 | ||
| Q3 24 | $0.25 | $0.74 | ||
| Q2 24 | $0.28 | $0.40 | ||
| Q1 24 | $0.01 | $-0.83 |
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 | $31.1M |
| Total DebtLower is stronger | — | $771.2M |
| Stockholders' EquityBook value | $58.5M | $388.0M |
| Total Assets | $92.3M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $31.1M | ||
| Q3 25 | $4.5M | $17.9M | ||
| Q2 25 | $4.7M | $9.1M | ||
| Q1 25 | $5.5M | $19.2M | ||
| Q4 24 | $9.7M | $3.9M | ||
| Q3 24 | $16.2M | $34.7M | ||
| Q2 24 | $18.3M | $4.3M | ||
| Q1 24 | $11.7M | $13.5M |
| Q4 25 | — | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
| Q4 25 | $58.5M | $388.0M | ||
| Q3 25 | $56.3M | $375.4M | ||
| Q2 25 | $55.6M | $348.2M | ||
| Q1 25 | $51.8M | $343.7M | ||
| Q4 24 | $36.2M | $336.5M | ||
| Q3 24 | $33.2M | $335.8M | ||
| Q2 24 | $39.8M | $327.5M | ||
| Q1 24 | $36.7M | $327.1M |
| Q4 25 | $92.3M | $5.3B | ||
| Q3 25 | $93.2M | $5.3B | ||
| Q2 25 | $93.7M | $5.4B | ||
| Q1 25 | $86.4M | $5.4B | ||
| Q4 24 | $77.8M | $5.4B | ||
| Q3 24 | $84.3M | $5.7B | ||
| Q2 24 | $83.3M | $6.6B | ||
| Q1 24 | $77.7M | $7.1B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-4.5M |
| Free Cash FlowOCF − Capex | $-1.1M | — |
| FCF MarginFCF / Revenue | -6.6% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | -0.29× | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $-4.5M | ||
| Q3 25 | $1.2M | $8.1M | ||
| Q2 25 | $-155.0K | $3.3M | ||
| Q1 25 | $-3.6M | $16.0M | ||
| Q4 24 | $3.8M | $4.4M | ||
| Q3 24 | $-1.5M | $14.7M | ||
| Q2 24 | $7.5M | $-7.5M | ||
| Q1 24 | $4.2M | $17.7M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | -0.29× | -0.19× | ||
| Q3 25 | 1.83× | 0.16× | ||
| Q2 25 | -0.05× | 0.15× | ||
| Q1 25 | -0.24× | 0.62× | ||
| Q4 24 | 1.44× | 0.29× | ||
| Q3 24 | -0.60× | 0.63× | ||
| Q2 24 | 2.85× | -0.62× | ||
| Q1 24 | 32.36× | — |
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% |
NREF
Segment breakdown not available.
