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

FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $13.3M, roughly 1.3× Stabilis Solutions, Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -2.0%, a 12.5% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -23.3%). FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-2.5M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -18.1%).

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.

Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.

FEIM vs SLNG — Head-to-Head

Bigger by revenue
FEIM
FEIM
1.3× larger
FEIM
$17.1M
$13.3M
SLNG
Growing faster (revenue YoY)
FEIM
FEIM
+31.5% gap
FEIM
8.3%
-23.3%
SLNG
Higher net margin
FEIM
FEIM
12.5% more per $
FEIM
10.5%
-2.0%
SLNG
More free cash flow
FEIM
FEIM
$1.3M more FCF
FEIM
$-1.1M
$-2.5M
SLNG
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
-18.1%
SLNG

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
SLNG
SLNG
Revenue
$17.1M
$13.3M
Net Profit
$1.8M
$-262.0K
Gross Margin
38.2%
24.7%
Operating Margin
10.0%
-2.4%
Net Margin
10.5%
-2.0%
Revenue YoY
8.3%
-23.3%
Net Profit YoY
-32.1%
-112.4%
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.

Revenue
FEIM
FEIM
SLNG
SLNG
Q4 25
$17.1M
$13.3M
Q3 25
$13.8M
$20.3M
Q2 25
$20.0M
$17.3M
Q1 25
$18.9M
$17.3M
Q4 24
$15.8M
$17.3M
Q3 24
$15.1M
$17.6M
Q2 24
$15.6M
$18.6M
Q1 24
$13.7M
$19.8M
Net Profit
FEIM
FEIM
SLNG
SLNG
Q4 25
$1.8M
$-262.0K
Q3 25
$634.0K
$1.1M
Q2 25
$3.2M
$-613.0K
Q1 25
$15.4M
$-1.6M
Q4 24
$2.7M
$2.1M
Q3 24
$2.4M
$997.0K
Q2 24
$2.6M
$27.0K
Q1 24
$130.0K
$1.5M
Gross Margin
FEIM
FEIM
SLNG
SLNG
Q4 25
38.2%
24.7%
Q3 25
36.8%
27.6%
Q2 25
37.5%
26.5%
Q1 25
43.8%
26.2%
Q4 24
48.2%
28.5%
Q3 24
44.4%
28.3%
Q2 24
40.3%
27.1%
Q1 24
22.6%
31.6%
Operating Margin
FEIM
FEIM
SLNG
SLNG
Q4 25
10.0%
-2.4%
Q3 25
2.6%
5.5%
Q2 25
16.4%
-2.4%
Q1 25
18.3%
-9.7%
Q4 24
16.5%
12.8%
Q3 24
15.7%
5.0%
Q2 24
16.0%
2.4%
Q1 24
-3.4%
7.8%
Net Margin
FEIM
FEIM
SLNG
SLNG
Q4 25
10.5%
-2.0%
Q3 25
4.6%
5.5%
Q2 25
16.0%
-3.5%
Q1 25
81.4%
-9.2%
Q4 24
16.8%
12.2%
Q3 24
16.1%
5.7%
Q2 24
16.9%
0.1%
Q1 24
0.9%
7.4%
EPS (diluted)
FEIM
FEIM
SLNG
SLNG
Q4 25
$0.18
Q3 25
$0.07
$0.06
Q2 25
$0.33
$-0.03
Q1 25
$1.60
$-0.09
Q4 24
$0.28
$0.12
Q3 24
$0.25
$0.05
Q2 24
$0.28
$0.00
Q1 24
$0.01
$0.08

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
SLNG
SLNG
Cash + ST InvestmentsLiquidity on hand
$3.0M
$7.5M
Total DebtLower is stronger
$7.9M
Stockholders' EquityBook value
$58.5M
$66.7M
Total Assets
$92.3M
$83.1M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
SLNG
SLNG
Q4 25
$3.0M
$7.5M
Q3 25
$4.5M
$10.3M
Q2 25
$4.7M
$12.2M
Q1 25
$5.5M
$9.0M
Q4 24
$9.7M
$9.0M
Q3 24
$16.2M
$12.4M
Q2 24
$18.3M
$11.5M
Q1 24
$11.7M
$8.3M
Total Debt
FEIM
FEIM
SLNG
SLNG
Q4 25
$7.9M
Q3 25
$8.3M
Q2 25
$7.6M
Q1 25
$8.3M
Q4 24
$8.9M
Q3 24
$9.3M
Q2 24
$8.6M
Q1 24
$9.1M
Stockholders' Equity
FEIM
FEIM
SLNG
SLNG
Q4 25
$58.5M
$66.7M
Q3 25
$56.3M
$66.7M
Q2 25
$55.6M
$65.5M
Q1 25
$51.8M
$65.9M
Q4 24
$36.2M
$67.0M
Q3 24
$33.2M
$65.4M
Q2 24
$39.8M
$63.7M
Q1 24
$36.7M
$63.2M
Total Assets
FEIM
FEIM
SLNG
SLNG
Q4 25
$92.3M
$83.1M
Q3 25
$93.2M
$87.1M
Q2 25
$93.7M
$83.2M
Q1 25
$86.4M
$83.1M
Q4 24
$77.8M
$85.6M
Q3 24
$84.3M
$89.3M
Q2 24
$83.3M
$82.6M
Q1 24
$77.7M
$80.6M
Debt / Equity
FEIM
FEIM
SLNG
SLNG
Q4 25
0.12×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.13×
Q4 24
0.13×
Q3 24
0.14×
Q2 24
0.13×
Q1 24
0.14×

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
SLNG
SLNG
Operating Cash FlowLast quarter
$-523.0K
$669.0K
Free Cash FlowOCF − Capex
$-1.1M
$-2.5M
FCF MarginFCF / Revenue
-6.6%
-18.6%
Capex IntensityCapex / Revenue
3.6%
23.7%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M
$462.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
SLNG
SLNG
Q4 25
$-523.0K
$669.0K
Q3 25
$1.2M
$2.4M
Q2 25
$-155.0K
$4.5M
Q1 25
$-3.6M
$1.0M
Q4 24
$3.8M
$2.2M
Q3 24
$-1.5M
$2.6M
Q2 24
$7.5M
$5.0M
Q1 24
$4.2M
$3.9M
Free Cash Flow
FEIM
FEIM
SLNG
SLNG
Q4 25
$-1.1M
$-2.5M
Q3 25
$385.0K
$-1.5M
Q2 25
$-786.0K
$3.9M
Q1 25
$-4.0M
$538.0K
Q4 24
$3.3M
$-3.4M
Q3 24
$-1.8M
$1.2M
Q2 24
$6.7M
$3.7M
Q1 24
$3.9M
$3.1M
FCF Margin
FEIM
FEIM
SLNG
SLNG
Q4 25
-6.6%
-18.6%
Q3 25
2.8%
-7.3%
Q2 25
-3.9%
22.4%
Q1 25
-20.9%
3.1%
Q4 24
20.8%
-19.7%
Q3 24
-11.8%
7.1%
Q2 24
42.8%
19.7%
Q1 24
28.4%
15.5%
Capex Intensity
FEIM
FEIM
SLNG
SLNG
Q4 25
3.6%
23.7%
Q3 25
5.6%
19.1%
Q2 25
3.2%
3.7%
Q1 25
1.7%
2.8%
Q4 24
3.3%
32.3%
Q3 24
2.2%
7.4%
Q2 24
5.3%
7.4%
Q1 24
2.3%
4.4%
Cash Conversion
FEIM
FEIM
SLNG
SLNG
Q4 25
-0.29×
Q3 25
1.83×
2.14×
Q2 25
-0.05×
Q1 25
-0.24×
Q4 24
1.44×
1.03×
Q3 24
-0.60×
2.56×
Q2 24
2.85×
186.59×
Q1 24
32.36×
2.67×

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%

SLNG
SLNG

Natural Gas Gathering Transportation Marketing And Processing$11.1M84%
Other$1.3M10%
Services$897.0K7%

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