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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $17.1M, roughly 2.0× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs 8.7%, a 1.9% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
FEIM vs SPOK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $33.9M |
| Net Profit | $1.8M | $2.9M |
| Gross Margin | 38.2% | 76.7% |
| Operating Margin | 10.0% | 11.6% |
| Net Margin | 10.5% | 8.7% |
| Revenue YoY | 8.3% | -0.1% |
| Net Profit YoY | -32.1% | -19.6% |
| EPS (diluted) | $0.18 | $0.13 |
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.
| Q4 25 | $17.1M | $33.9M | ||
| Q3 25 | $13.8M | $33.9M | ||
| Q2 25 | $20.0M | $35.7M | ||
| Q1 25 | $18.9M | $36.3M | ||
| Q4 24 | $15.8M | $33.9M | ||
| Q3 24 | $15.1M | $34.9M | ||
| Q2 24 | $15.6M | $34.0M | ||
| Q1 24 | $13.7M | $34.9M |
| Q4 25 | $1.8M | $2.9M | ||
| Q3 25 | $634.0K | $3.2M | ||
| Q2 25 | $3.2M | $4.6M | ||
| Q1 25 | $15.4M | $5.2M | ||
| Q4 24 | $2.7M | $3.6M | ||
| Q3 24 | $2.4M | $3.7M | ||
| Q2 24 | $2.6M | $3.4M | ||
| Q1 24 | $130.0K | $4.2M |
| Q4 25 | 38.2% | 76.7% | ||
| Q3 25 | 36.8% | 78.3% | ||
| Q2 25 | 37.5% | 79.5% | ||
| Q1 25 | 43.8% | 80.1% | ||
| Q4 24 | 48.2% | 78.5% | ||
| Q3 24 | 44.4% | 79.5% | ||
| Q2 24 | 40.3% | 78.9% | ||
| Q1 24 | 22.6% | 79.5% |
| Q4 25 | 10.0% | 11.6% | ||
| Q3 25 | 2.6% | 12.9% | ||
| Q2 25 | 16.4% | 15.1% | ||
| Q1 25 | 18.3% | 16.6% | ||
| Q4 24 | 16.5% | 13.7% | ||
| Q3 24 | 15.7% | 14.2% | ||
| Q2 24 | 16.0% | 13.2% | ||
| Q1 24 | -3.4% | 14.0% |
| Q4 25 | 10.5% | 8.7% | ||
| Q3 25 | 4.6% | 9.5% | ||
| Q2 25 | 16.0% | 12.8% | ||
| Q1 25 | 81.4% | 14.3% | ||
| Q4 24 | 16.8% | 10.8% | ||
| Q3 24 | 16.1% | 10.5% | ||
| Q2 24 | 16.9% | 10.1% | ||
| Q1 24 | 0.9% | 12.1% |
| Q4 25 | $0.18 | $0.13 | ||
| Q3 25 | $0.07 | $0.15 | ||
| Q2 25 | $0.33 | $0.22 | ||
| Q1 25 | $1.60 | $0.25 | ||
| Q4 24 | $0.28 | $0.17 | ||
| Q3 24 | $0.25 | $0.18 | ||
| Q2 24 | $0.28 | $0.17 | ||
| Q1 24 | $0.01 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $146.4M |
| Total Assets | $92.3M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $25.3M | ||
| Q3 25 | $4.5M | $21.4M | ||
| Q2 25 | $4.7M | $20.2M | ||
| Q1 25 | $5.5M | $19.9M | ||
| Q4 24 | $9.7M | $29.1M | ||
| Q3 24 | $16.2M | $27.8M | ||
| Q2 24 | $18.3M | $23.9M | ||
| Q1 24 | $11.7M | $23.3M |
| Q4 25 | $58.5M | $146.4M | ||
| Q3 25 | $56.3M | $148.7M | ||
| Q2 25 | $55.6M | $150.9M | ||
| Q1 25 | $51.8M | $151.7M | ||
| Q4 24 | $36.2M | $154.7M | ||
| Q3 24 | $33.2M | $156.3M | ||
| Q2 24 | $39.8M | $158.2M | ||
| Q1 24 | $36.7M | $160.2M |
| Q4 25 | $92.3M | $206.1M | ||
| Q3 25 | $93.2M | $209.7M | ||
| Q2 25 | $93.7M | $208.7M | ||
| Q1 25 | $86.4M | $204.5M | ||
| Q4 24 | $77.8M | $217.1M | ||
| Q3 24 | $84.3M | $216.8M | ||
| Q2 24 | $83.3M | $216.4M | ||
| Q1 24 | $77.7M | $215.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-523.0K | $11.5M |
| Free Cash FlowOCF − Capex | $-1.1M | $10.1M |
| FCF MarginFCF / Revenue | -6.6% | 29.9% |
| Capex IntensityCapex / Revenue | 3.6% | 4.1% |
| Cash ConversionOCF / Net Profit | -0.29× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $11.5M | ||
| Q3 25 | $1.2M | $8.1M | ||
| Q2 25 | $-155.0K | $7.0M | ||
| Q1 25 | $-3.6M | $2.3M | ||
| Q4 24 | $3.8M | $8.4M | ||
| Q3 24 | $-1.5M | $11.1M | ||
| Q2 24 | $7.5M | $7.4M | ||
| Q1 24 | $4.2M | $2.0M |
| Q4 25 | $-1.1M | $10.1M | ||
| Q3 25 | $385.0K | $7.6M | ||
| Q2 25 | $-786.0K | $6.0M | ||
| Q1 25 | $-4.0M | $1.5M | ||
| Q4 24 | $3.3M | $7.5M | ||
| Q3 24 | $-1.8M | $10.3M | ||
| Q2 24 | $6.7M | $6.8M | ||
| Q1 24 | $3.9M | $1.1M |
| Q4 25 | -6.6% | 29.9% | ||
| Q3 25 | 2.8% | 22.4% | ||
| Q2 25 | -3.9% | 16.8% | ||
| Q1 25 | -20.9% | 4.2% | ||
| Q4 24 | 20.8% | 22.3% | ||
| Q3 24 | -11.8% | 29.4% | ||
| Q2 24 | 42.8% | 20.0% | ||
| Q1 24 | 28.4% | 3.2% |
| Q4 25 | 3.6% | 4.1% | ||
| Q3 25 | 5.6% | 1.6% | ||
| Q2 25 | 3.2% | 2.9% | ||
| Q1 25 | 1.7% | 2.1% | ||
| Q4 24 | 3.3% | 2.5% | ||
| Q3 24 | 2.2% | 2.4% | ||
| Q2 24 | 5.3% | 1.9% | ||
| Q1 24 | 2.3% | 2.5% |
| Q4 25 | -0.29× | 3.93× | ||
| Q3 25 | 1.83× | 2.54× | ||
| Q2 25 | -0.05× | 1.55× | ||
| Q1 25 | -0.24× | 0.43× | ||
| Q4 24 | 1.44× | 2.31× | ||
| Q3 24 | -0.60× | 3.03× | ||
| Q2 24 | 2.85× | 2.17× | ||
| Q1 24 | 32.36× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
