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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and YORK WATER CO (YORW). Click either name above to swap in a different company.

YORK WATER CO is the larger business by last-quarter revenue ($19.4M vs $17.1M, roughly 1.1× FREQUENCY ELECTRONICS INC). YORK WATER CO runs the higher net margin — 26.7% vs 10.5%, a 16.2% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 3.2%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs 5.1%).

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.

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

FEIM vs YORW — Head-to-Head

Bigger by revenue
YORW
YORW
1.1× larger
YORW
$19.4M
$17.1M
FEIM
Growing faster (revenue YoY)
FEIM
FEIM
+5.1% gap
FEIM
8.3%
3.2%
YORW
Higher net margin
YORW
YORW
16.2% more per $
YORW
26.7%
10.5%
FEIM
Faster 2-yr revenue CAGR
FEIM
FEIM
Annualised
FEIM
11.8%
5.1%
YORW

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FEIM
FEIM
YORW
YORW
Revenue
$17.1M
$19.4M
Net Profit
$1.8M
$5.2M
Gross Margin
38.2%
Operating Margin
10.0%
33.2%
Net Margin
10.5%
26.7%
Revenue YoY
8.3%
3.2%
Net Profit YoY
-32.1%
0.5%
EPS (diluted)
$0.18
$0.36

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
YORW
YORW
Q4 25
$17.1M
$19.4M
Q3 25
$13.8M
$20.2M
Q2 25
$20.0M
$19.1M
Q1 25
$18.9M
$18.3M
Q4 24
$15.8M
$18.8M
Q3 24
$15.1M
$19.6M
Q2 24
$15.6M
$18.6M
Q1 24
$13.7M
$17.5M
Net Profit
FEIM
FEIM
YORW
YORW
Q4 25
$1.8M
$5.2M
Q3 25
$634.0K
$6.2M
Q2 25
$3.2M
$5.1M
Q1 25
$15.4M
$3.6M
Q4 24
$2.7M
$5.1M
Q3 24
$2.4M
$5.9M
Q2 24
$2.6M
$5.0M
Q1 24
$130.0K
$4.3M
Gross Margin
FEIM
FEIM
YORW
YORW
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
YORW
YORW
Q4 25
10.0%
33.2%
Q3 25
2.6%
39.1%
Q2 25
16.4%
37.1%
Q1 25
18.3%
34.3%
Q4 24
16.5%
35.8%
Q3 24
15.7%
41.1%
Q2 24
16.0%
37.9%
Q1 24
-3.4%
35.5%
Net Margin
FEIM
FEIM
YORW
YORW
Q4 25
10.5%
26.7%
Q3 25
4.6%
30.6%
Q2 25
16.0%
26.5%
Q1 25
81.4%
19.8%
Q4 24
16.8%
27.4%
Q3 24
16.1%
29.9%
Q2 24
16.9%
26.8%
Q1 24
0.9%
24.7%
EPS (diluted)
FEIM
FEIM
YORW
YORW
Q4 25
$0.18
$0.36
Q3 25
$0.07
$0.43
Q2 25
$0.33
$0.35
Q1 25
$1.60
$0.25
Q4 24
$0.28
$0.36
Q3 24
$0.25
$0.41
Q2 24
$0.28
$0.35
Q1 24
$0.01
$0.30

Balance Sheet & Financial Strength

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

Metric
FEIM
FEIM
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$3.0M
$1.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$240.3M
Total Assets
$92.3M
$680.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FEIM
FEIM
YORW
YORW
Q4 25
$3.0M
$1.0K
Q3 25
$4.5M
$1.0K
Q2 25
$4.7M
$1.0K
Q1 25
$5.5M
$1.0K
Q4 24
$9.7M
$1.0K
Q3 24
$16.2M
$1.0K
Q2 24
$18.3M
$1.0K
Q1 24
$11.7M
$3.3M
Stockholders' Equity
FEIM
FEIM
YORW
YORW
Q4 25
$58.5M
$240.3M
Q3 25
$56.3M
$238.0M
Q2 25
$55.6M
$234.6M
Q1 25
$51.8M
$232.1M
Q4 24
$36.2M
$231.2M
Q3 24
$33.2M
$228.7M
Q2 24
$39.8M
$225.4M
Q1 24
$36.7M
$222.9M
Total Assets
FEIM
FEIM
YORW
YORW
Q4 25
$92.3M
$680.9M
Q3 25
$93.2M
$667.1M
Q2 25
$93.7M
$653.7M
Q1 25
$86.4M
$641.8M
Q4 24
$77.8M
$633.5M
Q3 24
$84.3M
$621.4M
Q2 24
$83.3M
$610.4M
Q1 24
$77.7M
$602.3M

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
YORW
YORW
Operating Cash FlowLast quarter
$-523.0K
$8.4M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FEIM
FEIM
YORW
YORW
Q4 25
$-523.0K
$8.4M
Q3 25
$1.2M
$7.8M
Q2 25
$-155.0K
$7.6M
Q1 25
$-3.6M
$6.0M
Q4 24
$3.8M
$10.2M
Q3 24
$-1.5M
$7.5M
Q2 24
$7.5M
$6.7M
Q1 24
$4.2M
$6.1M
Free Cash Flow
FEIM
FEIM
YORW
YORW
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$-786.0K
Q1 25
$-4.0M
Q4 24
$3.3M
Q3 24
$-1.8M
Q2 24
$6.7M
Q1 24
$3.9M
FCF Margin
FEIM
FEIM
YORW
YORW
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
-3.9%
Q1 25
-20.9%
Q4 24
20.8%
Q3 24
-11.8%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
FEIM
FEIM
YORW
YORW
Q4 25
3.6%
Q3 25
5.6%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
2.2%
Q2 24
5.3%
Q1 24
2.3%
Cash Conversion
FEIM
FEIM
YORW
YORW
Q4 25
-0.29×
1.63×
Q3 25
1.83×
1.26×
Q2 25
-0.05×
1.50×
Q1 25
-0.24×
1.65×
Q4 24
1.44×
1.98×
Q3 24
-0.60×
1.29×
Q2 24
2.85×
1.34×
Q1 24
32.36×
1.42×

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%

YORW
YORW

Segment breakdown not available.

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