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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $17.1M, roughly 1.6× FREQUENCY ELECTRONICS INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 10.5%, a 28.7% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 8.3%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-1.1M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
FEIM vs WTBA — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $26.9M |
| Net Profit | $1.8M | $10.6M |
| Gross Margin | 38.2% | — |
| Operating Margin | 10.0% | 50.0% |
| Net Margin | 10.5% | 39.2% |
| Revenue YoY | 8.3% | 16.6% |
| Net Profit YoY | -32.1% | 34.8% |
| EPS (diluted) | $0.18 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $17.1M | $24.2M | ||
| Q3 25 | $13.8M | $25.0M | ||
| Q2 25 | $20.0M | $23.8M | ||
| Q1 25 | $18.9M | $23.1M | ||
| Q4 24 | $15.8M | $20.9M | ||
| Q3 24 | $15.1M | $20.3M | ||
| Q2 24 | $15.6M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $1.8M | $7.4M | ||
| Q3 25 | $634.0K | $9.3M | ||
| Q2 25 | $3.2M | $8.0M | ||
| Q1 25 | $15.4M | $7.8M | ||
| Q4 24 | $2.7M | $7.1M | ||
| Q3 24 | $2.4M | $6.0M | ||
| Q2 24 | $2.6M | $5.2M |
| 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% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | 10.0% | 39.6% | ||
| Q3 25 | 2.6% | 45.8% | ||
| Q2 25 | 16.4% | 43.4% | ||
| Q1 25 | 18.3% | 43.4% | ||
| Q4 24 | 16.5% | 30.9% | ||
| Q3 24 | 15.7% | 36.6% | ||
| Q2 24 | 16.0% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 10.5% | 30.7% | ||
| Q3 25 | 4.6% | 37.3% | ||
| Q2 25 | 16.0% | 33.5% | ||
| Q1 25 | 81.4% | 34.0% | ||
| Q4 24 | 16.8% | 34.0% | ||
| Q3 24 | 16.1% | 29.3% | ||
| Q2 24 | 16.9% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.18 | $0.44 | ||
| Q3 25 | $0.07 | $0.55 | ||
| Q2 25 | $0.33 | $0.47 | ||
| Q1 25 | $1.60 | $0.46 | ||
| Q4 24 | $0.28 | $0.41 | ||
| Q3 24 | $0.25 | $0.35 | ||
| Q2 24 | $0.28 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $270.7M |
| Total Assets | $92.3M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $3.0M | $471.1M | ||
| Q3 25 | $4.5M | $232.9M | ||
| Q2 25 | $4.7M | $345.2M | ||
| Q1 25 | $5.5M | — | ||
| Q4 24 | $9.7M | $243.5M | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $18.3M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $58.5M | $266.0M | ||
| Q3 25 | $56.3M | $255.1M | ||
| Q2 25 | $55.6M | $240.9M | ||
| Q1 25 | $51.8M | $237.9M | ||
| Q4 24 | $36.2M | $227.9M | ||
| Q3 24 | $33.2M | $235.4M | ||
| Q2 24 | $39.8M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $92.3M | $4.1B | ||
| Q3 25 | $93.2M | $4.0B | ||
| Q2 25 | $93.7M | $4.1B | ||
| Q1 25 | $86.4M | $4.0B | ||
| Q4 24 | $77.8M | $4.0B | ||
| Q3 24 | $84.3M | $4.0B | ||
| Q2 24 | $83.3M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-1.1M | $12.4M |
| FCF MarginFCF / Revenue | -6.6% | 46.0% |
| Capex IntensityCapex / Revenue | 3.6% | 1.8% |
| Cash ConversionOCF / Net Profit | -0.29× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-523.0K | $46.5M | ||
| Q3 25 | $1.2M | $11.4M | ||
| Q2 25 | $-155.0K | $13.5M | ||
| Q1 25 | $-3.6M | $9.7M | ||
| Q4 24 | $3.8M | $39.8M | ||
| Q3 24 | $-1.5M | $12.9M | ||
| Q2 24 | $7.5M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-1.1M | $43.2M | ||
| Q3 25 | $385.0K | $10.8M | ||
| Q2 25 | $-786.0K | $12.8M | ||
| Q1 25 | $-4.0M | $8.3M | ||
| Q4 24 | $3.3M | $13.7M | ||
| Q3 24 | $-1.8M | $7.0M | ||
| Q2 24 | $6.7M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -6.6% | 178.3% | ||
| Q3 25 | 2.8% | 43.0% | ||
| Q2 25 | -3.9% | 53.6% | ||
| Q1 25 | -20.9% | 35.7% | ||
| Q4 24 | 20.8% | 65.6% | ||
| Q3 24 | -11.8% | 34.2% | ||
| Q2 24 | 42.8% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 3.6% | 13.7% | ||
| Q3 25 | 5.6% | 2.6% | ||
| Q2 25 | 3.2% | 3.2% | ||
| Q1 25 | 1.7% | 6.5% | ||
| Q4 24 | 3.3% | 125.3% | ||
| Q3 24 | 2.2% | 29.4% | ||
| Q2 24 | 5.3% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | -0.29× | 6.26× | ||
| Q3 25 | 1.83× | 1.23× | ||
| Q2 25 | -0.05× | 1.70× | ||
| Q1 25 | -0.24× | 1.24× | ||
| Q4 24 | 1.44× | 5.61× | ||
| Q3 24 | -0.60× | 2.17× | ||
| Q2 24 | 2.85× | 1.93× |
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% |
WTBA
Segment breakdown not available.
