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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $17.1M, roughly 1.6× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -34.6%, a 45.1% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 8.3%). Owlet, Inc. produced more free cash flow last quarter ($-651.0K vs $-1.1M). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 11.8%).
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.
Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.
FEIM vs OWLT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $26.6M |
| Net Profit | $1.8M | $-9.2M |
| Gross Margin | 38.2% | 47.6% |
| Operating Margin | 10.0% | -18.4% |
| Net Margin | 10.5% | -34.6% |
| Revenue YoY | 8.3% | 29.6% |
| Net Profit YoY | -32.1% | -1.5% |
| 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.
| Q4 25 | $17.1M | $26.6M | ||
| Q3 25 | $13.8M | $32.0M | ||
| Q2 25 | $20.0M | $26.1M | ||
| Q1 25 | $18.9M | $21.1M | ||
| Q4 24 | $15.8M | $20.5M | ||
| Q3 24 | $15.1M | $22.1M | ||
| Q2 24 | $15.6M | $20.7M | ||
| Q1 24 | $13.7M | $14.8M |
| Q4 25 | $1.8M | $-9.2M | ||
| Q3 25 | $634.0K | $4.1M | ||
| Q2 25 | $3.2M | $-37.6M | ||
| Q1 25 | $15.4M | $3.0M | ||
| Q4 24 | $2.7M | $-9.1M | ||
| Q3 24 | $2.4M | $-5.6M | ||
| Q2 24 | $2.6M | $-1.1M | ||
| Q1 24 | $130.0K | $3.3M |
| Q4 25 | 38.2% | 47.6% | ||
| Q3 25 | 36.8% | 50.6% | ||
| Q2 25 | 37.5% | 51.3% | ||
| Q1 25 | 43.8% | 53.7% | ||
| Q4 24 | 48.2% | 53.5% | ||
| Q3 24 | 44.4% | 52.2% | ||
| Q2 24 | 40.3% | 49.5% | ||
| Q1 24 | 22.6% | 44.4% |
| Q4 25 | 10.0% | -18.4% | ||
| Q3 25 | 2.6% | 3.8% | ||
| Q2 25 | 16.4% | -7.4% | ||
| Q1 25 | 18.3% | -12.7% | ||
| Q4 24 | 16.5% | -36.2% | ||
| Q3 24 | 15.7% | -21.8% | ||
| Q2 24 | 16.0% | -10.8% | ||
| Q1 24 | -3.4% | -39.0% |
| Q4 25 | 10.5% | -34.6% | ||
| Q3 25 | 4.6% | 12.9% | ||
| Q2 25 | 16.0% | -144.4% | ||
| Q1 25 | 81.4% | 14.3% | ||
| Q4 24 | 16.8% | -44.2% | ||
| Q3 24 | 16.1% | -25.4% | ||
| Q2 24 | 16.9% | -5.5% | ||
| Q1 24 | 0.9% | 22.2% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.07 | $-0.06 | ||
| Q2 25 | $0.33 | $-2.37 | ||
| Q1 25 | $1.60 | $0.11 | ||
| Q4 24 | $0.28 | $-0.15 | ||
| Q3 24 | $0.25 | $-0.61 | ||
| Q2 24 | $0.28 | $-0.30 | ||
| Q1 24 | $0.01 | $-0.51 |
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 | $35.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $19.0M |
| Total Assets | $92.3M | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $35.5M | ||
| Q3 25 | $4.5M | $23.8M | ||
| Q2 25 | $4.7M | $21.8M | ||
| Q1 25 | $5.5M | $16.3M | ||
| Q4 24 | $9.7M | $20.2M | ||
| Q3 24 | $16.2M | $21.6M | ||
| Q2 24 | $18.3M | $15.4M | ||
| Q1 24 | $11.7M | $18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $58.5M | $19.0M | ||
| Q3 25 | $56.3M | $-54.1M | ||
| Q2 25 | $55.6M | $-59.2M | ||
| Q1 25 | $51.8M | $-25.8M | ||
| Q4 24 | $36.2M | $-29.8M | ||
| Q3 24 | $33.2M | $-21.5M | ||
| Q2 24 | $39.8M | $-33.4M | ||
| Q1 24 | $36.7M | $-32.9M |
| Q4 25 | $92.3M | $85.6M | ||
| Q3 25 | $93.2M | $74.9M | ||
| Q2 25 | $93.7M | $63.5M | ||
| Q1 25 | $86.4M | $51.4M | ||
| Q4 24 | $77.8M | $49.5M | ||
| Q3 24 | $84.3M | $56.1M | ||
| Q2 24 | $83.3M | $45.9M | ||
| Q1 24 | $77.7M | $43.8M |
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 | $-452.0K |
| Free Cash FlowOCF − Capex | $-1.1M | $-651.0K |
| FCF MarginFCF / Revenue | -6.6% | -2.5% |
| Capex IntensityCapex / Revenue | 3.6% | 0.7% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $-452.0K | ||
| Q3 25 | $1.2M | $-2.2M | ||
| Q2 25 | $-155.0K | $-2.2M | ||
| Q1 25 | $-3.6M | $-5.9M | ||
| Q4 24 | $3.8M | $3.0M | ||
| Q3 24 | $-1.5M | $-7.5M | ||
| Q2 24 | $7.5M | $-3.4M | ||
| Q1 24 | $4.2M | $-3.4M |
| Q4 25 | $-1.1M | $-651.0K | ||
| Q3 25 | $385.0K | $-2.2M | ||
| Q2 25 | $-786.0K | $-2.3M | ||
| Q1 25 | $-4.0M | $-5.9M | ||
| Q4 24 | $3.3M | $3.0M | ||
| Q3 24 | $-1.8M | $-7.5M | ||
| Q2 24 | $6.7M | $-3.4M | ||
| Q1 24 | $3.9M | — |
| Q4 25 | -6.6% | -2.5% | ||
| Q3 25 | 2.8% | -6.8% | ||
| Q2 25 | -3.9% | -8.8% | ||
| Q1 25 | -20.9% | -28.1% | ||
| Q4 24 | 20.8% | 14.5% | ||
| Q3 24 | -11.8% | -33.9% | ||
| Q2 24 | 42.8% | -16.3% | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 3.6% | 0.7% | ||
| Q3 25 | 5.6% | 0.0% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 1.7% | 0.0% | ||
| Q4 24 | 3.3% | 0.2% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 5.3% | 0.0% | ||
| Q1 24 | 2.3% | 0.0% |
| Q4 25 | -0.29× | — | ||
| Q3 25 | 1.83× | -0.52× | ||
| Q2 25 | -0.05× | — | ||
| Q1 25 | -0.24× | -1.96× | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | -0.60× | — | ||
| Q2 24 | 2.85× | — | ||
| Q1 24 | 32.36× | -1.03× |
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% |
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
