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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $14.5M, roughly 1.2× SS Innovations International, Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -17.0%, a 27.5% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 8.3%). FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
FEIM vs SSII — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $14.5M |
| Net Profit | $1.8M | $-2.5M |
| Gross Margin | 38.2% | 43.9% |
| Operating Margin | 10.0% | -3.7% |
| Net Margin | 10.5% | -17.0% |
| Revenue YoY | 8.3% | 79.1% |
| Net Profit YoY | -32.1% | -28.5% |
| EPS (diluted) | $0.18 | $-0.01 |
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 | $14.5M | ||
| Q3 25 | $13.8M | $12.8M | ||
| Q2 25 | $20.0M | $10.0M | ||
| Q1 25 | $18.9M | $5.1M | ||
| Q4 24 | $15.8M | $8.1M | ||
| Q3 24 | $15.1M | $4.4M | ||
| Q2 24 | $15.6M | $4.5M | ||
| Q1 24 | $13.7M | $3.6M |
| Q4 25 | $1.8M | $-2.5M | ||
| Q3 25 | $634.0K | $-3.7M | ||
| Q2 25 | $3.2M | $-256.7K | ||
| Q1 25 | $15.4M | $-5.7M | ||
| Q4 24 | $2.7M | $-1.9M | ||
| Q3 24 | $2.4M | $-3.2M | ||
| Q2 24 | $2.6M | $-4.1M | ||
| Q1 24 | $130.0K | $-9.8M |
| Q4 25 | 38.2% | 43.9% | ||
| Q3 25 | 36.8% | 48.1% | ||
| Q2 25 | 37.5% | 59.1% | ||
| Q1 25 | 43.8% | 21.2% | ||
| Q4 24 | 48.2% | 48.9% | ||
| Q3 24 | 44.4% | 52.8% | ||
| Q2 24 | 40.3% | 31.9% | ||
| Q1 24 | 22.6% | 20.0% |
| Q4 25 | 10.0% | -3.7% | ||
| Q3 25 | 2.6% | -14.3% | ||
| Q2 25 | 16.4% | 1.0% | ||
| Q1 25 | 18.3% | -115.6% | ||
| Q4 24 | 16.5% | -22.7% | ||
| Q3 24 | 15.7% | -73.1% | ||
| Q2 24 | 16.0% | -90.9% | ||
| Q1 24 | -3.4% | -270.3% |
| Q4 25 | 10.5% | -17.0% | ||
| Q3 25 | 4.6% | -29.0% | ||
| Q2 25 | 16.0% | -2.6% | ||
| Q1 25 | 81.4% | -111.0% | ||
| Q4 24 | 16.8% | -23.7% | ||
| Q3 24 | 16.1% | -74.0% | ||
| Q2 24 | 16.9% | -91.8% | ||
| Q1 24 | 0.9% | -270.5% |
| Q4 25 | $0.18 | $-0.01 | ||
| Q3 25 | $0.07 | $-0.02 | ||
| Q2 25 | $0.33 | $0.00 | ||
| Q1 25 | $1.60 | $-0.03 | ||
| Q4 24 | $0.28 | $-0.01 | ||
| Q3 24 | $0.25 | $-0.02 | ||
| Q2 24 | $0.28 | $-0.02 | ||
| Q1 24 | $0.01 | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $38.2M |
| Total Assets | $92.3M | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $3.2M | ||
| Q3 25 | $4.5M | $5.7M | ||
| Q2 25 | $4.7M | $11.4M | ||
| Q1 25 | $5.5M | $15.9M | ||
| Q4 24 | $9.7M | $466.5K | ||
| Q3 24 | $16.2M | $220.4K | ||
| Q2 24 | $18.3M | $608.2K | ||
| Q1 24 | $11.7M | $948.1K |
| Q4 25 | $58.5M | $38.2M | ||
| Q3 25 | $56.3M | $39.6M | ||
| Q2 25 | $55.6M | $42.0M | ||
| Q1 25 | $51.8M | $40.6M | ||
| Q4 24 | $36.2M | $13.5M | ||
| Q3 24 | $33.2M | $13.7M | ||
| Q2 24 | $39.8M | $14.8M | ||
| Q1 24 | $36.7M | $16.7M |
| Q4 25 | $92.3M | $74.2M | ||
| Q3 25 | $93.2M | $69.6M | ||
| Q2 25 | $93.7M | $70.0M | ||
| Q1 25 | $86.4M | $63.5M | ||
| Q4 24 | $77.8M | $42.4M | ||
| Q3 24 | $84.3M | $39.0M | ||
| Q2 24 | $83.3M | $35.7M | ||
| Q1 24 | $77.7M | $35.2M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | $-1.1M | $-3.2M |
| FCF MarginFCF / Revenue | -6.6% | -22.3% |
| Capex IntensityCapex / Revenue | 3.6% | 11.8% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $-1.5M | ||
| Q3 25 | $1.2M | $-7.5M | ||
| Q2 25 | $-155.0K | $-3.5M | ||
| Q1 25 | $-3.6M | $-6.1M | ||
| Q4 24 | $3.8M | $-3.3M | ||
| Q3 24 | $-1.5M | $-2.5M | ||
| Q2 24 | $7.5M | $-1.0M | ||
| Q1 24 | $4.2M | $-2.7M |
| Q4 25 | $-1.1M | $-3.2M | ||
| Q3 25 | $385.0K | $-8.2M | ||
| Q2 25 | $-786.0K | $-3.8M | ||
| Q1 25 | $-4.0M | $-7.0M | ||
| Q4 24 | $3.3M | $-3.4M | ||
| Q3 24 | $-1.8M | $-4.2M | ||
| Q2 24 | $6.7M | $-3.1M | ||
| Q1 24 | $3.9M | $-2.8M |
| Q4 25 | -6.6% | -22.3% | ||
| Q3 25 | 2.8% | -64.1% | ||
| Q2 25 | -3.9% | -37.7% | ||
| Q1 25 | -20.9% | -136.2% | ||
| Q4 24 | 20.8% | -41.7% | ||
| Q3 24 | -11.8% | -96.9% | ||
| Q2 24 | 42.8% | -69.5% | ||
| Q1 24 | 28.4% | -76.9% |
| Q4 25 | 3.6% | 11.8% | ||
| Q3 25 | 5.6% | 5.9% | ||
| Q2 25 | 3.2% | 3.2% | ||
| Q1 25 | 1.7% | 17.0% | ||
| Q4 24 | 3.3% | 1.5% | ||
| Q3 24 | 2.2% | 38.8% | ||
| Q2 24 | 5.3% | 46.8% | ||
| Q1 24 | 2.3% | 3.5% |
| 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
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
