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

Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $17.1M, roughly 1.3× FREQUENCY ELECTRONICS INC). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs 10.5%, a 13.3% gap on every dollar of revenue. On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% vs 8.3%). FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-17.3M). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% 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.

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

FEIM vs TECTP — Head-to-Head

Bigger by revenue
TECTP
TECTP
1.3× larger
TECTP
$23.0M
$17.1M
FEIM
Growing faster (revenue YoY)
TECTP
TECTP
+9.6% gap
TECTP
17.9%
8.3%
FEIM
Higher net margin
TECTP
TECTP
13.3% more per $
TECTP
23.8%
10.5%
FEIM
More free cash flow
FEIM
FEIM
$16.1M more FCF
FEIM
$-1.1M
$-17.3M
TECTP
Faster 2-yr revenue CAGR
TECTP
TECTP
Annualised
TECTP
270.5%
11.8%
FEIM

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
FEIM
FEIM
TECTP
TECTP
Revenue
$17.1M
$23.0M
Net Profit
$1.8M
$5.5M
Gross Margin
38.2%
Operating Margin
10.0%
30.6%
Net Margin
10.5%
23.8%
Revenue YoY
8.3%
17.9%
Net Profit YoY
-32.1%
15.9%
EPS (diluted)
$0.18
$0.73

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
TECTP
TECTP
Q4 25
$17.1M
Q3 25
$13.8M
$23.0M
Q2 25
$20.0M
$21.6M
Q1 25
$18.9M
$21.8M
Q4 24
$15.8M
$21.4M
Q3 24
$15.1M
$19.5M
Q2 24
$15.6M
$18.6M
Q1 24
$13.7M
$17.6M
Net Profit
FEIM
FEIM
TECTP
TECTP
Q4 25
$1.8M
Q3 25
$634.0K
$5.5M
Q2 25
$3.2M
$4.3M
Q1 25
$15.4M
$4.5M
Q4 24
$2.7M
$3.0M
Q3 24
$2.4M
$4.7M
Q2 24
$2.6M
$3.1M
Q1 24
$130.0K
$3.1M
Gross Margin
FEIM
FEIM
TECTP
TECTP
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
TECTP
TECTP
Q4 25
10.0%
Q3 25
2.6%
30.6%
Q2 25
16.4%
25.9%
Q1 25
18.3%
26.0%
Q4 24
16.5%
22.1%
Q3 24
15.7%
29.1%
Q2 24
16.0%
21.5%
Q1 24
-3.4%
22.2%
Net Margin
FEIM
FEIM
TECTP
TECTP
Q4 25
10.5%
Q3 25
4.6%
23.8%
Q2 25
16.0%
19.8%
Q1 25
81.4%
20.4%
Q4 24
16.8%
14.0%
Q3 24
16.1%
24.2%
Q2 24
16.9%
16.9%
Q1 24
0.9%
17.4%
EPS (diluted)
FEIM
FEIM
TECTP
TECTP
Q4 25
$0.18
Q3 25
$0.07
$0.73
Q2 25
$0.33
$0.55
Q1 25
$1.60
$0.57
Q4 24
$0.28
$0.35
Q3 24
$0.25
$0.58
Q2 24
$0.28
$0.38
Q1 24
$0.01
$0.37

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$119.2M
Total Assets
$92.3M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
TECTP
TECTP
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
TECTP
TECTP
Q4 25
$58.5M
Q3 25
$56.3M
$119.2M
Q2 25
$55.6M
$114.6M
Q1 25
$51.8M
$111.3M
Q4 24
$36.2M
$113.4M
Q3 24
$33.2M
$112.8M
Q2 24
$39.8M
$110.4M
Q1 24
$36.7M
$108.5M
Total Assets
FEIM
FEIM
TECTP
TECTP
Q4 25
$92.3M
Q3 25
$93.2M
$1.1B
Q2 25
$93.7M
$997.0M
Q1 25
$86.4M
$910.5M
Q4 24
$77.8M
$863.4M
Q3 24
$84.3M
$847.5M
Q2 24
$83.3M
$777.1M
Q1 24
$77.7M
$777.6M

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
TECTP
TECTP
Operating Cash FlowLast quarter
$-523.0K
$-17.3M
Free Cash FlowOCF − Capex
$-1.1M
$-17.3M
FCF MarginFCF / Revenue
-6.6%
-74.9%
Capex IntensityCapex / Revenue
3.6%
0.0%
Cash ConversionOCF / Net Profit
-0.29×
-3.14×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
TECTP
TECTP
Q4 25
$-523.0K
Q3 25
$1.2M
$-17.3M
Q2 25
$-155.0K
$-32.5M
Q1 25
$-3.6M
$-35.6M
Q4 24
$3.8M
$-86.6M
Q3 24
$-1.5M
$-22.5M
Q2 24
$7.5M
$-30.7M
Q1 24
$4.2M
$-3.2M
Free Cash Flow
FEIM
FEIM
TECTP
TECTP
Q4 25
$-1.1M
Q3 25
$385.0K
$-17.3M
Q2 25
$-786.0K
Q1 25
$-4.0M
$-35.6M
Q4 24
$3.3M
$-86.8M
Q3 24
$-1.8M
$-22.5M
Q2 24
$6.7M
$-30.7M
Q1 24
$3.9M
$-3.3M
FCF Margin
FEIM
FEIM
TECTP
TECTP
Q4 25
-6.6%
Q3 25
2.8%
-74.9%
Q2 25
-3.9%
Q1 25
-20.9%
-163.2%
Q4 24
20.8%
-406.5%
Q3 24
-11.8%
-115.0%
Q2 24
42.8%
-165.5%
Q1 24
28.4%
-18.8%
Capex Intensity
FEIM
FEIM
TECTP
TECTP
Q4 25
3.6%
Q3 25
5.6%
0.0%
Q2 25
3.2%
0.0%
Q1 25
1.7%
0.0%
Q4 24
3.3%
1.0%
Q3 24
2.2%
0.1%
Q2 24
5.3%
0.3%
Q1 24
2.3%
0.9%
Cash Conversion
FEIM
FEIM
TECTP
TECTP
Q4 25
-0.29×
Q3 25
1.83×
-3.14×
Q2 25
-0.05×
-7.61×
Q1 25
-0.24×
-8.00×
Q4 24
1.44×
-28.99×
Q3 24
-0.60×
-4.74×
Q2 24
2.85×
-9.76×
Q1 24
32.36×
-1.03×

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%

TECTP
TECTP

Segment breakdown not available.

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