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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Pyxis Tankers Inc. (PXS). Click either name above to swap in a different company.

FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $17.0M, roughly 1.0× Pyxis Tankers Inc.). Pyxis Tankers Inc. runs the higher net margin — 31.3% vs 10.5%, a 20.8% gap on every dollar of revenue.

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.

Pyxis Tankers Inc. is an international maritime transport enterprise specializing in seaborne shipping of refined petroleum products and other bulk liquid cargoes. It operates a fleet of modern product tankers, serving global energy markets, with core business covering major trade routes across the Atlantic, Mediterranean and Asia-Pacific regions.

FEIM vs PXS — Head-to-Head

Bigger by revenue
FEIM
FEIM
1.0× larger
FEIM
$17.1M
$17.0M
PXS
Higher net margin
PXS
PXS
20.8% more per $
PXS
31.3%
10.5%
FEIM

Income Statement — Q2 FY2026 vs Q3 FY2022

Metric
FEIM
FEIM
PXS
PXS
Revenue
$17.1M
$17.0M
Net Profit
$1.8M
$5.3M
Gross Margin
38.2%
Operating Margin
10.0%
37.2%
Net Margin
10.5%
31.3%
Revenue YoY
8.3%
Net Profit YoY
-32.1%
EPS (diluted)
$0.18
$0.44

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
PXS
PXS
Q4 25
$17.1M
Q3 25
$13.8M
Q2 25
$20.0M
Q1 25
$18.9M
Q4 24
$15.8M
Q3 24
$15.1M
Q2 24
$15.6M
Q1 24
$13.7M
Net Profit
FEIM
FEIM
PXS
PXS
Q4 25
$1.8M
Q3 25
$634.0K
Q2 25
$3.2M
Q1 25
$15.4M
Q4 24
$2.7M
Q3 24
$2.4M
Q2 24
$2.6M
Q1 24
$130.0K
Gross Margin
FEIM
FEIM
PXS
PXS
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
PXS
PXS
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%
Net Margin
FEIM
FEIM
PXS
PXS
Q4 25
10.5%
Q3 25
4.6%
Q2 25
16.0%
Q1 25
81.4%
Q4 24
16.8%
Q3 24
16.1%
Q2 24
16.9%
Q1 24
0.9%
EPS (diluted)
FEIM
FEIM
PXS
PXS
Q4 25
$0.18
Q3 25
$0.07
Q2 25
$0.33
Q1 25
$1.60
Q4 24
$0.28
Q3 24
$0.25
Q2 24
$0.28
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
PXS
PXS
Cash + ST InvestmentsLiquidity on hand
$3.0M
$4.3M
Total DebtLower is stronger
$67.3M
Stockholders' EquityBook value
$58.5M
$54.9M
Total Assets
$92.3M
$138.1M
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
PXS
PXS
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
PXS
PXS
Q4 25
$58.5M
Q3 25
$56.3M
Q2 25
$55.6M
Q1 25
$51.8M
Q4 24
$36.2M
Q3 24
$33.2M
Q2 24
$39.8M
Q1 24
$36.7M
Total Assets
FEIM
FEIM
PXS
PXS
Q4 25
$92.3M
Q3 25
$93.2M
Q2 25
$93.7M
Q1 25
$86.4M
Q4 24
$77.8M
Q3 24
$84.3M
Q2 24
$83.3M
Q1 24
$77.7M

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
PXS
PXS
Operating Cash FlowLast quarter
$-523.0K
$2.4M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
0.0%
Cash ConversionOCF / Net Profit
-0.29×
0.45×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
PXS
PXS
Q4 25
$-523.0K
Q3 25
$1.2M
Q2 25
$-155.0K
Q1 25
$-3.6M
Q4 24
$3.8M
Q3 24
$-1.5M
Q2 24
$7.5M
Q1 24
$4.2M
Free Cash Flow
FEIM
FEIM
PXS
PXS
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
PXS
PXS
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
PXS
PXS
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
PXS
PXS
Q4 25
-0.29×
Q3 25
1.83×
Q2 25
-0.05×
Q1 25
-0.24×
Q4 24
1.44×
Q3 24
-0.60×
Q2 24
2.85×
Q1 24
32.36×

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%

PXS
PXS

Segment breakdown not available.

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