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

Pioneer Bancorp, Inc. is the larger business by last-quarter revenue ($25.0M vs $17.1M, roughly 1.5× FREQUENCY ELECTRONICS INC). Pioneer Bancorp, Inc. runs the higher net margin — 82.1% vs 10.5%, a 71.6% gap on every dollar of revenue. Over the past eight quarters, Pioneer Bancorp, Inc.'s revenue compounded faster (144.9% 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.

Pioneer Bancorp, Inc. (MD) is a bank holding company operating as the parent entity of Pioneer Bank. It provides a full suite of retail and commercial banking products and services, including deposit accounts, residential and commercial mortgages, consumer loans, and small business financing, primarily serving individual and corporate customers across local communities in Maryland, U.S.

FEIM vs PBFS — Head-to-Head

Bigger by revenue
PBFS
PBFS
1.5× larger
PBFS
$25.0M
$17.1M
FEIM
Higher net margin
PBFS
PBFS
71.6% more per $
PBFS
82.1%
10.5%
FEIM
Faster 2-yr revenue CAGR
PBFS
PBFS
Annualised
PBFS
144.9%
11.8%
FEIM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
PBFS
PBFS
Revenue
$17.1M
$25.0M
Net Profit
$1.8M
$3.7M
Gross Margin
38.2%
Operating Margin
10.0%
21.3%
Net Margin
10.5%
82.1%
Revenue YoY
8.3%
Net Profit YoY
-32.1%
EPS (diluted)
$0.18
$0.16

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
PBFS
PBFS
Q4 25
$17.1M
$25.0M
Q3 25
$13.8M
$24.0M
Q2 25
$20.0M
$24.4M
Q1 25
$18.9M
$22.8M
Q4 24
$15.8M
Q3 24
$15.1M
$22.0M
Q2 24
$15.6M
$20.9M
Q1 24
$13.7M
$21.6M
Net Profit
FEIM
FEIM
PBFS
PBFS
Q4 25
$1.8M
$3.7M
Q3 25
$634.0K
$4.3M
Q2 25
$3.2M
$6.5M
Q1 25
$15.4M
$5.8M
Q4 24
$2.7M
Q3 24
$2.4M
$6.3M
Q2 24
$2.6M
$3.9M
Q1 24
$130.0K
$4.7M
Gross Margin
FEIM
FEIM
PBFS
PBFS
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
PBFS
PBFS
Q4 25
10.0%
21.3%
Q3 25
2.6%
23.4%
Q2 25
16.4%
33.3%
Q1 25
18.3%
32.5%
Q4 24
16.5%
Q3 24
15.7%
37.2%
Q2 24
16.0%
24.1%
Q1 24
-3.4%
28.1%
Net Margin
FEIM
FEIM
PBFS
PBFS
Q4 25
10.5%
82.1%
Q3 25
4.6%
18.0%
Q2 25
16.0%
26.4%
Q1 25
81.4%
25.3%
Q4 24
16.8%
Q3 24
16.1%
28.7%
Q2 24
16.9%
107.4%
Q1 24
0.9%
21.9%
EPS (diluted)
FEIM
FEIM
PBFS
PBFS
Q4 25
$0.18
$0.16
Q3 25
$0.07
$0.18
Q2 25
$0.33
$0.26
Q1 25
$1.60
$0.23
Q4 24
$0.28
Q3 24
$0.25
$0.25
Q2 24
$0.28
$0.15
Q1 24
$0.01
$0.19

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
PBFS
PBFS
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$323.9M
Total Assets
$92.3M
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
PBFS
PBFS
Q4 25
$3.0M
Q3 25
$4.5M
Q2 25
$4.7M
Q1 25
$5.5M
Q4 24
$9.7M
Q3 24
$16.2M
Q2 24
$18.3M
Q1 24
$11.7M
Stockholders' Equity
FEIM
FEIM
PBFS
PBFS
Q4 25
$58.5M
$323.9M
Q3 25
$56.3M
$314.2M
Q2 25
$55.6M
$314.2M
Q1 25
$51.8M
$310.7M
Q4 24
$36.2M
Q3 24
$33.2M
$303.8M
Q2 24
$39.8M
$296.5M
Q1 24
$36.7M
$289.0M
Total Assets
FEIM
FEIM
PBFS
PBFS
Q4 25
$92.3M
$2.2B
Q3 25
$93.2M
$2.2B
Q2 25
$93.7M
$2.1B
Q1 25
$86.4M
$2.1B
Q4 24
$77.8M
Q3 24
$84.3M
$2.0B
Q2 24
$83.3M
Q1 24
$77.7M
$2.0B

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
PBFS
PBFS
Operating Cash FlowLast quarter
$-523.0K
$11.1M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
2.97×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
PBFS
PBFS
Q4 25
$-523.0K
$11.1M
Q3 25
$1.2M
$3.9M
Q2 25
$-155.0K
$5.1M
Q1 25
$-3.6M
$-3.5M
Q4 24
$3.8M
Q3 24
$-1.5M
$1.9M
Q2 24
$7.5M
$9.0M
Q1 24
$4.2M
$3.3M
Free Cash Flow
FEIM
FEIM
PBFS
PBFS
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
PBFS
PBFS
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
PBFS
PBFS
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
PBFS
PBFS
Q4 25
-0.29×
2.97×
Q3 25
1.83×
0.90×
Q2 25
-0.05×
0.78×
Q1 25
-0.24×
-0.61×
Q4 24
1.44×
Q3 24
-0.60×
0.30×
Q2 24
2.85×
2.30×
Q1 24
32.36×
0.70×

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%

PBFS
PBFS

Segment breakdown not available.

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