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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and SB FINANCIAL GROUP, INC. (SBFG). Click either name above to swap in a different company.

FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $16.4M, roughly 1.0× SB FINANCIAL GROUP, INC.). SB FINANCIAL GROUP, INC. runs the higher net margin — 23.9% vs 10.5%, a 13.3% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 6.3%). SB FINANCIAL GROUP, INC. produced more free cash flow last quarter ($21.4M vs $-1.1M). Over the past eight quarters, SB FINANCIAL GROUP, INC.'s revenue compounded faster (11.8% 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.

SB Financial Group, Inc. is a U.S.-headquartered financial holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage and consumer loans, small business financing, and wealth management solutions. It primarily serves retail customers and small to medium-sized enterprises across regional markets in the United States.

FEIM vs SBFG — Head-to-Head

Bigger by revenue
FEIM
FEIM
1.0× larger
FEIM
$17.1M
$16.4M
SBFG
Growing faster (revenue YoY)
FEIM
FEIM
+2.0% gap
FEIM
8.3%
6.3%
SBFG
Higher net margin
SBFG
SBFG
13.3% more per $
SBFG
23.9%
10.5%
FEIM
More free cash flow
SBFG
SBFG
$22.6M more FCF
SBFG
$21.4M
$-1.1M
FEIM
Faster 2-yr revenue CAGR
SBFG
SBFG
Annualised
SBFG
11.8%
11.8%
FEIM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
SBFG
SBFG
Revenue
$17.1M
$16.4M
Net Profit
$1.8M
$3.9M
Gross Margin
38.2%
Operating Margin
10.0%
30.3%
Net Margin
10.5%
23.9%
Revenue YoY
8.3%
6.3%
Net Profit YoY
-32.1%
7.8%
EPS (diluted)
$0.18
$0.62

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
SBFG
SBFG
Q4 25
$17.1M
$16.4M
Q3 25
$13.8M
$16.6M
Q2 25
$20.0M
$17.2M
Q1 25
$18.9M
$15.4M
Q4 24
$15.8M
$15.5M
Q3 24
$15.1M
$14.3M
Q2 24
$15.6M
$14.0M
Q1 24
$13.7M
$13.1M
Net Profit
FEIM
FEIM
SBFG
SBFG
Q4 25
$1.8M
$3.9M
Q3 25
$634.0K
$4.0M
Q2 25
$3.2M
$3.9M
Q1 25
$15.4M
$2.2M
Q4 24
$2.7M
$3.6M
Q3 24
$2.4M
$2.4M
Q2 24
$2.6M
$3.1M
Q1 24
$130.0K
$2.4M
Gross Margin
FEIM
FEIM
SBFG
SBFG
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
SBFG
SBFG
Q4 25
10.0%
30.3%
Q3 25
2.6%
29.9%
Q2 25
16.4%
27.5%
Q1 25
18.3%
16.8%
Q4 24
16.5%
29.3%
Q3 24
15.7%
21.7%
Q2 24
16.0%
24.0%
Q1 24
-3.4%
21.7%
Net Margin
FEIM
FEIM
SBFG
SBFG
Q4 25
10.5%
23.9%
Q3 25
4.6%
24.4%
Q2 25
16.0%
22.4%
Q1 25
81.4%
14.0%
Q4 24
16.8%
23.5%
Q3 24
16.1%
16.5%
Q2 24
16.9%
22.2%
Q1 24
0.9%
18.0%
EPS (diluted)
FEIM
FEIM
SBFG
SBFG
Q4 25
$0.18
$0.62
Q3 25
$0.07
$0.64
Q2 25
$0.33
$0.60
Q1 25
$1.60
$0.33
Q4 24
$0.28
$0.55
Q3 24
$0.25
$0.35
Q2 24
$0.28
$0.47
Q1 24
$0.01
$0.35

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
SBFG
SBFG
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$141.2M
Total Assets
$92.3M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
SBFG
SBFG
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
Total Debt
FEIM
FEIM
SBFG
SBFG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$19.7M
Q3 24
$19.7M
Q2 24
Q1 24
Stockholders' Equity
FEIM
FEIM
SBFG
SBFG
Q4 25
$58.5M
$141.2M
Q3 25
$56.3M
$136.9M
Q2 25
$55.6M
$133.6M
Q1 25
$51.8M
$131.5M
Q4 24
$36.2M
$127.5M
Q3 24
$33.2M
$132.8M
Q2 24
$39.8M
$125.5M
Q1 24
$36.7M
$123.7M
Total Assets
FEIM
FEIM
SBFG
SBFG
Q4 25
$92.3M
$1.5B
Q3 25
$93.2M
$1.5B
Q2 25
$93.7M
$1.5B
Q1 25
$86.4M
$1.5B
Q4 24
$77.8M
$1.4B
Q3 24
$84.3M
$1.4B
Q2 24
$83.3M
Q1 24
$77.7M
Debt / Equity
FEIM
FEIM
SBFG
SBFG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.15×
Q3 24
0.15×
Q2 24
Q1 24

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
SBFG
SBFG
Operating Cash FlowLast quarter
$-523.0K
$24.0M
Free Cash FlowOCF − Capex
$-1.1M
$21.4M
FCF MarginFCF / Revenue
-6.6%
130.6%
Capex IntensityCapex / Revenue
3.6%
15.8%
Cash ConversionOCF / Net Profit
-0.29×
6.14×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
SBFG
SBFG
Q4 25
$-523.0K
$24.0M
Q3 25
$1.2M
$12.7M
Q2 25
$-155.0K
$-3.6M
Q1 25
$-3.6M
$6.7M
Q4 24
$3.8M
$9.5M
Q3 24
$-1.5M
$3.6M
Q2 24
$7.5M
$-434.0K
Q1 24
$4.2M
$308.0K
Free Cash Flow
FEIM
FEIM
SBFG
SBFG
Q4 25
$-1.1M
$21.4M
Q3 25
$385.0K
$12.2M
Q2 25
$-786.0K
$-4.2M
Q1 25
$-4.0M
$5.8M
Q4 24
$3.3M
$8.2M
Q3 24
$-1.8M
$3.2M
Q2 24
$6.7M
$-833.0K
Q1 24
$3.9M
$149.0K
FCF Margin
FEIM
FEIM
SBFG
SBFG
Q4 25
-6.6%
130.6%
Q3 25
2.8%
73.8%
Q2 25
-3.9%
-24.2%
Q1 25
-20.9%
37.6%
Q4 24
20.8%
53.2%
Q3 24
-11.8%
22.6%
Q2 24
42.8%
-5.9%
Q1 24
28.4%
1.1%
Capex Intensity
FEIM
FEIM
SBFG
SBFG
Q4 25
3.6%
15.8%
Q3 25
5.6%
2.7%
Q2 25
3.2%
3.1%
Q1 25
1.7%
6.0%
Q4 24
3.3%
8.0%
Q3 24
2.2%
2.7%
Q2 24
5.3%
2.8%
Q1 24
2.3%
1.2%
Cash Conversion
FEIM
FEIM
SBFG
SBFG
Q4 25
-0.29×
6.14×
Q3 25
1.83×
3.14×
Q2 25
-0.05×
-0.94×
Q1 25
-0.24×
3.11×
Q4 24
1.44×
2.60×
Q3 24
-0.60×
1.54×
Q2 24
2.85×
-0.14×
Q1 24
32.36×
0.13×

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%

SBFG
SBFG

Segment breakdown not available.

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