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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Venus Concept Inc. (VERO). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $13.8M, roughly 1.2× Venus Concept Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -163.8%, a 174.3% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -8.2%). FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-4.9M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -12.8%).
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.
Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.
FEIM vs VERO — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $13.8M |
| Net Profit | $1.8M | $-22.6M |
| Gross Margin | 38.2% | 64.0% |
| Operating Margin | 10.0% | -68.9% |
| Net Margin | 10.5% | -163.8% |
| Revenue YoY | 8.3% | -8.2% |
| Net Profit YoY | -32.1% | -143.0% |
| EPS (diluted) | $0.18 | $-12.14 |
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 | — | ||
| Q3 25 | $13.8M | $13.8M | ||
| Q2 25 | $20.0M | $15.7M | ||
| Q1 25 | $18.9M | $13.6M | ||
| Q4 24 | $15.8M | $15.8M | ||
| Q3 24 | $15.1M | $15.0M | ||
| Q2 24 | $15.6M | $16.6M | ||
| Q1 24 | $13.7M | $17.5M |
| Q4 25 | $1.8M | — | ||
| Q3 25 | $634.0K | $-22.6M | ||
| Q2 25 | $3.2M | $-11.7M | ||
| Q1 25 | $15.4M | $-12.4M | ||
| Q4 24 | $2.7M | $-8.0M | ||
| Q3 24 | $2.4M | $-9.3M | ||
| Q2 24 | $2.6M | $-20.0M | ||
| Q1 24 | $130.0K | $-9.8M |
| Q4 25 | 38.2% | — | ||
| Q3 25 | 36.8% | 64.0% | ||
| Q2 25 | 37.5% | 60.1% | ||
| Q1 25 | 43.8% | 64.2% | ||
| Q4 24 | 48.2% | 69.1% | ||
| Q3 24 | 44.4% | 66.1% | ||
| Q2 24 | 40.3% | 71.5% | ||
| Q1 24 | 22.6% | 66.6% |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 2.6% | -68.9% | ||
| Q2 25 | 16.4% | -57.6% | ||
| Q1 25 | 18.3% | -69.8% | ||
| Q4 24 | 16.5% | -42.3% | ||
| Q3 24 | 15.7% | -47.7% | ||
| Q2 24 | 16.0% | -33.7% | ||
| Q1 24 | -3.4% | -44.4% |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 4.6% | -163.8% | ||
| Q2 25 | 16.0% | -74.7% | ||
| Q1 25 | 81.4% | -90.6% | ||
| Q4 24 | 16.8% | -50.5% | ||
| Q3 24 | 16.1% | -61.9% | ||
| Q2 24 | 16.9% | -120.3% | ||
| Q1 24 | 0.9% | -56.0% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.07 | $-12.14 | ||
| Q2 25 | $0.33 | $-8.03 | ||
| Q1 25 | $1.60 | $-17.44 | ||
| Q4 24 | $0.28 | $-10.26 | ||
| Q3 24 | $0.25 | $-13.10 | ||
| Q2 24 | $0.28 | $-30.93 | ||
| Q1 24 | $0.01 | $-16.92 |
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 | $4.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $2.7M |
| Total Assets | $92.3M | $61.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | — | ||
| Q3 25 | $4.5M | $4.3M | ||
| Q2 25 | $4.7M | $3.9M | ||
| Q1 25 | $5.5M | $3.2M | ||
| Q4 24 | $9.7M | $4.3M | ||
| Q3 24 | $16.2M | $4.5M | ||
| Q2 24 | $18.3M | $5.7M | ||
| Q1 24 | $11.7M | $5.1M |
| Q4 25 | $58.5M | — | ||
| Q3 25 | $56.3M | $2.7M | ||
| Q2 25 | $55.6M | $2.3M | ||
| Q1 25 | $51.8M | $2.3M | ||
| Q4 24 | $36.2M | $2.4M | ||
| Q3 24 | $33.2M | $10.1M | ||
| Q2 24 | $39.8M | $3.7M | ||
| Q1 24 | $36.7M | $-22.5M |
| Q4 25 | $92.3M | — | ||
| Q3 25 | $93.2M | $61.6M | ||
| Q2 25 | $93.7M | $63.1M | ||
| Q1 25 | $86.4M | $63.5M | ||
| Q4 24 | $77.8M | $68.2M | ||
| Q3 24 | $84.3M | $72.3M | ||
| Q2 24 | $83.3M | $79.8M | ||
| Q1 24 | $77.7M | $85.1M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | $-1.1M | $-4.9M |
| FCF MarginFCF / Revenue | -6.6% | -35.6% |
| Capex IntensityCapex / Revenue | 3.6% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $-20.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | — | ||
| Q3 25 | $1.2M | $-4.9M | ||
| Q2 25 | $-155.0K | $-5.4M | ||
| Q1 25 | $-3.6M | $-6.3M | ||
| Q4 24 | $3.8M | $-3.8M | ||
| Q3 24 | $-1.5M | $-3.0M | ||
| Q2 24 | $7.5M | $-1.3M | ||
| Q1 24 | $4.2M | $-2.9M |
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $385.0K | $-4.9M | ||
| Q2 25 | $-786.0K | $-5.6M | ||
| Q1 25 | $-4.0M | $-6.3M | ||
| Q4 24 | $3.3M | $-3.9M | ||
| Q3 24 | $-1.8M | $-3.1M | ||
| Q2 24 | $6.7M | $-1.4M | ||
| Q1 24 | $3.9M | $-2.9M |
| Q4 25 | -6.6% | — | ||
| Q3 25 | 2.8% | -35.6% | ||
| Q2 25 | -3.9% | -35.8% | ||
| Q1 25 | -20.9% | -46.5% | ||
| Q4 24 | 20.8% | -24.7% | ||
| Q3 24 | -11.8% | -20.3% | ||
| Q2 24 | 42.8% | -8.2% | ||
| Q1 24 | 28.4% | -16.6% |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 5.6% | 0.1% | ||
| Q2 25 | 3.2% | 1.0% | ||
| Q1 25 | 1.7% | 0.3% | ||
| Q4 24 | 3.3% | 0.5% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 5.3% | 0.1% | ||
| Q1 24 | 2.3% | 0.1% |
| 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% |
VERO
| Products And Services | $10.8M | 79% |
| Leases | $2.9M | 21% |
