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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $17.1M, roughly 1.1× FREQUENCY ELECTRONICS INC). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs 10.5%, a 1.4% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs 8.3%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% 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.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

FEIM vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.1× larger
PINE
$18.4M
$17.1M
FEIM
Growing faster (revenue YoY)
PINE
PINE
+21.3% gap
PINE
29.6%
8.3%
FEIM
Higher net margin
PINE
PINE
1.4% more per $
PINE
11.9%
10.5%
FEIM
Faster 2-yr revenue CAGR
PINE
PINE
Annualised
PINE
21.4%
11.8%
FEIM

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FEIM
FEIM
PINE
PINE
Revenue
$17.1M
$18.4M
Net Profit
$1.8M
$2.2M
Gross Margin
38.2%
Operating Margin
10.0%
35.4%
Net Margin
10.5%
11.9%
Revenue YoY
8.3%
29.6%
Net Profit YoY
-32.1%
285.3%
EPS (diluted)
$0.18
$0.06

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
PINE
PINE
Q1 26
$18.4M
Q4 25
$17.1M
$16.9M
Q3 25
$13.8M
$14.6M
Q2 25
$20.0M
$14.9M
Q1 25
$18.9M
$14.2M
Q4 24
$15.8M
$13.8M
Q3 24
$15.1M
$13.5M
Q2 24
$15.6M
$12.5M
Net Profit
FEIM
FEIM
PINE
PINE
Q1 26
$2.2M
Q4 25
$1.8M
$1.5M
Q3 25
$634.0K
$-1.3M
Q2 25
$3.2M
$-1.6M
Q1 25
$15.4M
$-1.2M
Q4 24
$2.7M
$-958.0K
Q3 24
$2.4M
$3.1M
Q2 24
$2.6M
$204.0K
Gross Margin
FEIM
FEIM
PINE
PINE
Q1 26
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%
Operating Margin
FEIM
FEIM
PINE
PINE
Q1 26
35.4%
Q4 25
10.0%
35.3%
Q3 25
2.6%
16.6%
Q2 25
16.4%
16.8%
Q1 25
18.3%
16.0%
Q4 24
16.5%
14.3%
Q3 24
15.7%
47.9%
Q2 24
16.0%
24.0%
Net Margin
FEIM
FEIM
PINE
PINE
Q1 26
11.9%
Q4 25
10.5%
8.7%
Q3 25
4.6%
-9.0%
Q2 25
16.0%
-11.0%
Q1 25
81.4%
-8.3%
Q4 24
16.8%
-6.9%
Q3 24
16.1%
22.8%
Q2 24
16.9%
1.6%
EPS (diluted)
FEIM
FEIM
PINE
PINE
Q1 26
$0.06
Q4 25
$0.18
$0.07
Q3 25
$0.07
$-0.09
Q2 25
$0.33
$-0.12
Q1 25
$1.60
$-0.08
Q4 24
$0.28
$-0.06
Q3 24
$0.25
$0.21
Q2 24
$0.28
$0.01

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$3.0M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$312.5M
Total Assets
$92.3M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
PINE
PINE
Q1 26
$2.6M
Q4 25
$3.0M
$4.6M
Q3 25
$4.5M
$1.2M
Q2 25
$4.7M
$5.0M
Q1 25
$5.5M
$6.1M
Q4 24
$9.7M
$1.6M
Q3 24
$16.2M
$2.6M
Q2 24
$18.3M
$3.3M
Total Debt
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
FEIM
FEIM
PINE
PINE
Q1 26
$312.5M
Q4 25
$58.5M
$279.9M
Q3 25
$56.3M
$223.5M
Q2 25
$55.6M
$229.8M
Q1 25
$51.8M
$240.9M
Q4 24
$36.2M
$253.0M
Q3 24
$33.2M
$248.2M
Q2 24
$39.8M
$244.0M
Total Assets
FEIM
FEIM
PINE
PINE
Q1 26
$745.1M
Q4 25
$92.3M
$715.9M
Q3 25
$93.2M
$621.4M
Q2 25
$93.7M
$628.4M
Q1 25
$86.4M
$647.4M
Q4 24
$77.8M
$605.0M
Q3 24
$84.3M
$579.0M
Q2 24
$83.3M
$565.8M
Debt / Equity
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
$-523.0K
$25.8M
Q3 25
$1.2M
$8.7M
Q2 25
$-155.0K
$9.1M
Q1 25
$-3.6M
$5.8M
Q4 24
$3.8M
$23.4M
Q3 24
$-1.5M
$6.2M
Q2 24
$7.5M
$8.0M
Free Cash Flow
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
$-1.1M
$-87.8M
Q3 25
$385.0K
$-48.8M
Q2 25
$-786.0K
$-3.0M
Q1 25
$-4.0M
$-55.5M
Q4 24
$3.3M
$-33.4M
Q3 24
$-1.8M
$-43.0M
Q2 24
$6.7M
$-13.5M
FCF Margin
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
-6.6%
-519.4%
Q3 25
2.8%
-334.9%
Q2 25
-3.9%
-20.0%
Q1 25
-20.9%
-391.0%
Q4 24
20.8%
-242.4%
Q3 24
-11.8%
-319.3%
Q2 24
42.8%
-108.0%
Capex Intensity
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
3.6%
671.8%
Q3 25
5.6%
394.8%
Q2 25
3.2%
81.2%
Q1 25
1.7%
432.0%
Q4 24
3.3%
412.3%
Q3 24
2.2%
365.4%
Q2 24
5.3%
172.3%
Cash Conversion
FEIM
FEIM
PINE
PINE
Q1 26
Q4 25
-0.29×
17.48×
Q3 25
1.83×
Q2 25
-0.05×
Q1 25
-0.24×
Q4 24
1.44×
Q3 24
-0.60×
2.02×
Q2 24
2.85×
39.37×

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%

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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