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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and WESTWOOD HOLDINGS GROUP INC (WHG). Click either name above to swap in a different company.

WESTWOOD HOLDINGS GROUP INC is the larger business by last-quarter revenue ($25.0M vs $17.1M, roughly 1.5× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs 3.1%, a 7.4% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 7.4%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs 4.9%).

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.

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

FEIM vs WHG — Head-to-Head

Bigger by revenue
WHG
WHG
1.5× larger
WHG
$25.0M
$17.1M
FEIM
Growing faster (revenue YoY)
FEIM
FEIM
+0.9% gap
FEIM
8.3%
7.4%
WHG
Higher net margin
FEIM
FEIM
7.4% more per $
FEIM
10.5%
3.1%
WHG
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
4.9%
WHG

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FEIM
FEIM
WHG
WHG
Revenue
$17.1M
$25.0M
Net Profit
$1.8M
$782.0K
Gross Margin
38.2%
Operating Margin
10.0%
Net Margin
10.5%
3.1%
Revenue YoY
8.3%
7.4%
Net Profit YoY
-32.1%
EPS (diluted)
$0.18
$0.09

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
WHG
WHG
Q1 26
$25.0M
Q4 25
$17.1M
$27.1M
Q3 25
$13.8M
$24.3M
Q2 25
$20.0M
$23.1M
Q1 25
$18.9M
$23.3M
Q4 24
$15.8M
$46.5M
Q3 24
$15.1M
$23.7M
Q2 24
$15.6M
$22.7M
Net Profit
FEIM
FEIM
WHG
WHG
Q1 26
$782.0K
Q4 25
$1.8M
$1.8M
Q3 25
$634.0K
$3.7M
Q2 25
$3.2M
$1.0M
Q1 25
$15.4M
$478.0K
Q4 24
$2.7M
$3.7M
Q3 24
$2.4M
$-1.2M
Q2 24
$2.6M
$-378.0K
Gross Margin
FEIM
FEIM
WHG
WHG
Q1 26
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%
Operating Margin
FEIM
FEIM
WHG
WHG
Q1 26
Q4 25
10.0%
8.0%
Q3 25
2.6%
8.3%
Q2 25
16.4%
3.8%
Q1 25
18.3%
-0.3%
Q4 24
16.5%
10.0%
Q3 24
15.7%
-2.1%
Q2 24
16.0%
-18.4%
Net Margin
FEIM
FEIM
WHG
WHG
Q1 26
3.1%
Q4 25
10.5%
6.8%
Q3 25
4.6%
15.4%
Q2 25
16.0%
4.5%
Q1 25
81.4%
2.1%
Q4 24
16.8%
14.5%
Q3 24
16.1%
-5.0%
Q2 24
16.9%
-1.7%
EPS (diluted)
FEIM
FEIM
WHG
WHG
Q1 26
$0.09
Q4 25
$0.18
$0.21
Q3 25
$0.07
$0.41
Q2 25
$0.33
$0.12
Q1 25
$1.60
$0.05
Q4 24
$0.28
$0.45
Q3 24
$0.25
$-0.15
Q2 24
$0.28
$-0.05

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$3.0M
$23.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$126.1M
Total Assets
$92.3M
$150.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
WHG
WHG
Q1 26
$23.4M
Q4 25
$3.0M
$47.7M
Q3 25
$4.5M
$41.3M
Q2 25
$4.7M
$35.2M
Q1 25
$5.5M
$29.1M
Q4 24
$9.7M
$46.5M
Q3 24
$16.2M
$48.3M
Q2 24
$18.3M
$44.1M
Stockholders' Equity
FEIM
FEIM
WHG
WHG
Q1 26
$126.1M
Q4 25
$58.5M
$125.6M
Q3 25
$56.3M
$123.9M
Q2 25
$55.6M
$122.4M
Q1 25
$51.8M
$121.4M
Q4 24
$36.2M
$120.3M
Q3 24
$33.2M
$120.4M
Q2 24
$39.8M
$120.5M
Total Assets
FEIM
FEIM
WHG
WHG
Q1 26
$150.4M
Q4 25
$92.3M
$162.3M
Q3 25
$93.2M
$154.0M
Q2 25
$93.7M
$146.3M
Q1 25
$86.4M
$135.0M
Q4 24
$77.8M
$150.0M
Q3 24
$84.3M
$151.5M
Q2 24
$83.3M
$147.4M

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
WHG
WHG
Operating Cash FlowLast quarter
$-523.0K
$-2.6M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
-3.28×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
WHG
WHG
Q1 26
$-2.6M
Q4 25
$-523.0K
$18.9M
Q3 25
$1.2M
$8.5M
Q2 25
$-155.0K
$7.3M
Q1 25
$-3.6M
$-4.9M
Q4 24
$3.8M
$21.1M
Q3 24
$-1.5M
$529.0K
Q2 24
$7.5M
$3.6M
Free Cash Flow
FEIM
FEIM
WHG
WHG
Q1 26
Q4 25
$-1.1M
$18.8M
Q3 25
$385.0K
$8.5M
Q2 25
$-786.0K
Q1 25
$-4.0M
$-4.9M
Q4 24
$3.3M
$21.0M
Q3 24
$-1.8M
$519.0K
Q2 24
$6.7M
$3.5M
FCF Margin
FEIM
FEIM
WHG
WHG
Q1 26
Q4 25
-6.6%
69.5%
Q3 25
2.8%
34.8%
Q2 25
-3.9%
Q1 25
-20.9%
-21.1%
Q4 24
20.8%
45.2%
Q3 24
-11.8%
2.2%
Q2 24
42.8%
15.6%
Capex Intensity
FEIM
FEIM
WHG
WHG
Q1 26
Q4 25
3.6%
0.3%
Q3 25
5.6%
0.3%
Q2 25
3.2%
0.0%
Q1 25
1.7%
0.0%
Q4 24
3.3%
0.2%
Q3 24
2.2%
0.0%
Q2 24
5.3%
0.1%
Cash Conversion
FEIM
FEIM
WHG
WHG
Q1 26
-3.28×
Q4 25
-0.29×
10.29×
Q3 25
1.83×
2.29×
Q2 25
-0.05×
7.08×
Q1 25
-0.24×
-10.25×
Q4 24
1.44×
5.69×
Q3 24
-0.60×
Q2 24
2.85×

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%

WHG
WHG

Asset-based$19.3M77%
Trust fees$5.3M21%

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