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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and OP Bancorp (OPBK). Click either name above to swap in a different company.

OP Bancorp is the larger business by last-quarter revenue ($24.3M vs $17.1M, roughly 1.4× FREQUENCY ELECTRONICS INC). On growth, OP Bancorp posted the faster year-over-year revenue change (13.7% vs 8.3%). OP Bancorp produced more free cash flow last quarter ($23.4M vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs 11.4%).

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.

OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.

FEIM vs OPBK — Head-to-Head

Bigger by revenue
OPBK
OPBK
1.4× larger
OPBK
$24.3M
$17.1M
FEIM
Growing faster (revenue YoY)
OPBK
OPBK
+5.5% gap
OPBK
13.7%
8.3%
FEIM
More free cash flow
OPBK
OPBK
$24.5M more FCF
OPBK
$23.4M
$-1.1M
FEIM
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
11.4%
OPBK

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
OPBK
OPBK
Revenue
$17.1M
$24.3M
Net Profit
$1.8M
Gross Margin
38.2%
Operating Margin
10.0%
39.2%
Net Margin
10.5%
Revenue YoY
8.3%
13.7%
Net Profit YoY
-32.1%
EPS (diluted)
$0.18
$0.48

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
OPBK
OPBK
Q4 25
$17.1M
$24.3M
Q3 25
$13.8M
$24.5M
Q2 25
$20.0M
$23.7M
Q1 25
$18.9M
$22.2M
Q4 24
$15.8M
$21.3M
Q3 24
$15.1M
$20.7M
Q2 24
$15.6M
$20.4M
Q1 24
$13.7M
$19.6M
Net Profit
FEIM
FEIM
OPBK
OPBK
Q4 25
$1.8M
Q3 25
$634.0K
$6.7M
Q2 25
$3.2M
$6.3M
Q1 25
$15.4M
$5.6M
Q4 24
$2.7M
Q3 24
$2.4M
$5.4M
Q2 24
$2.6M
$5.4M
Q1 24
$130.0K
$5.2M
Gross Margin
FEIM
FEIM
OPBK
OPBK
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
OPBK
OPBK
Q4 25
10.0%
39.2%
Q3 25
2.6%
39.5%
Q2 25
16.4%
35.7%
Q1 25
18.3%
34.6%
Q4 24
16.5%
31.2%
Q3 24
15.7%
36.5%
Q2 24
16.0%
37.2%
Q1 24
-3.4%
37.1%
Net Margin
FEIM
FEIM
OPBK
OPBK
Q4 25
10.5%
Q3 25
4.6%
27.4%
Q2 25
16.0%
26.7%
Q1 25
81.4%
25.0%
Q4 24
16.8%
Q3 24
16.1%
26.2%
Q2 24
16.9%
26.7%
Q1 24
0.9%
26.7%
EPS (diluted)
FEIM
FEIM
OPBK
OPBK
Q4 25
$0.18
$0.48
Q3 25
$0.07
$0.45
Q2 25
$0.33
$0.42
Q1 25
$1.60
$0.37
Q4 24
$0.28
$0.33
Q3 24
$0.25
$0.36
Q2 24
$0.28
$0.36
Q1 24
$0.01
$0.34

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
OPBK
OPBK
Cash + ST InvestmentsLiquidity on hand
$3.0M
$167.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$227.9M
Total Assets
$92.3M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
OPBK
OPBK
Q4 25
$3.0M
$167.3M
Q3 25
$4.5M
$166.7M
Q2 25
$4.7M
$205.4M
Q1 25
$5.5M
$198.9M
Q4 24
$9.7M
$134.9M
Q3 24
$16.2M
$166.8M
Q2 24
$18.3M
$127.7M
Q1 24
$11.7M
$139.2M
Stockholders' Equity
FEIM
FEIM
OPBK
OPBK
Q4 25
$58.5M
$227.9M
Q3 25
$56.3M
$221.5M
Q2 25
$55.6M
$213.7M
Q1 25
$51.8M
$210.1M
Q4 24
$36.2M
$205.0M
Q3 24
$33.2M
$203.6M
Q2 24
$39.8M
$195.9M
Q1 24
$36.7M
$194.7M
Total Assets
FEIM
FEIM
OPBK
OPBK
Q4 25
$92.3M
$2.7B
Q3 25
$93.2M
$2.6B
Q2 25
$93.7M
$2.6B
Q1 25
$86.4M
$2.5B
Q4 24
$77.8M
$2.4B
Q3 24
$84.3M
$2.4B
Q2 24
$83.3M
$2.3B
Q1 24
$77.7M
$2.2B

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
OPBK
OPBK
Operating Cash FlowLast quarter
$-523.0K
$26.2M
Free Cash FlowOCF − Capex
$-1.1M
$23.4M
FCF MarginFCF / Revenue
-6.6%
96.2%
Capex IntensityCapex / Revenue
3.6%
11.5%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
OPBK
OPBK
Q4 25
$-523.0K
$26.2M
Q3 25
$1.2M
$23.9M
Q2 25
$-155.0K
$-7.0M
Q1 25
$-3.6M
$5.6M
Q4 24
$3.8M
$31.2M
Q3 24
$-1.5M
$13.3M
Q2 24
$7.5M
$15.8M
Q1 24
$4.2M
$-3.2M
Free Cash Flow
FEIM
FEIM
OPBK
OPBK
Q4 25
$-1.1M
$23.4M
Q3 25
$385.0K
$23.4M
Q2 25
$-786.0K
$-7.7M
Q1 25
$-4.0M
$4.2M
Q4 24
$3.3M
$29.7M
Q3 24
$-1.8M
$12.8M
Q2 24
$6.7M
$15.7M
Q1 24
$3.9M
$-3.2M
FCF Margin
FEIM
FEIM
OPBK
OPBK
Q4 25
-6.6%
96.2%
Q3 25
2.8%
95.6%
Q2 25
-3.9%
-32.5%
Q1 25
-20.9%
19.0%
Q4 24
20.8%
139.0%
Q3 24
-11.8%
61.5%
Q2 24
42.8%
77.0%
Q1 24
28.4%
-16.6%
Capex Intensity
FEIM
FEIM
OPBK
OPBK
Q4 25
3.6%
11.5%
Q3 25
5.6%
2.3%
Q2 25
3.2%
3.0%
Q1 25
1.7%
6.4%
Q4 24
3.3%
7.3%
Q3 24
2.2%
2.8%
Q2 24
5.3%
0.4%
Q1 24
2.3%
0.5%
Cash Conversion
FEIM
FEIM
OPBK
OPBK
Q4 25
-0.29×
Q3 25
1.83×
3.57×
Q2 25
-0.05×
-1.10×
Q1 25
-0.24×
1.02×
Q4 24
1.44×
Q3 24
-0.60×
2.45×
Q2 24
2.85×
2.90×
Q1 24
32.36×
-0.60×

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%

OPBK
OPBK

Segment breakdown not available.

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