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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and Rafael Holdings, Inc. (RFL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $240.0K, roughly 71.4× Rafael Holdings, Inc.). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -4090.0%, a 4100.5% gap on every dollar of revenue. On growth, Rafael Holdings, Inc. posted the faster year-over-year revenue change (87.5% vs 8.3%). Over the past eight quarters, Rafael Holdings, Inc.'s revenue compounded faster (85.2% CAGR vs 11.8%).

超电子控股是一家英国国防与安全企业,曾在伦敦证券交易所上市,是富时250指数成分股之一,后被隶属于安宏资本的科巴姆公司收购。

拉斐尔先进防御系统有限公司是一家以色列国防科技企业,其前身是以色列国防部旗下负责开发武器与军用技术的国家级国防研发实验室,2002年正式改组为有限公司,专注于各类先进国防装备与军事技术的研发生产。

FEIM vs RFL — Head-to-Head

Bigger by revenue
FEIM
FEIM
71.4× larger
FEIM
$17.1M
$240.0K
RFL
Growing faster (revenue YoY)
RFL
RFL
+79.2% gap
RFL
87.5%
8.3%
FEIM
Higher net margin
FEIM
FEIM
4100.5% more per $
FEIM
10.5%
-4090.0%
RFL
Faster 2-yr revenue CAGR
RFL
RFL
Annualised
RFL
85.2%
11.8%
FEIM

Income Statement — Q2 2026 vs Q1 2026

Metric
FEIM
FEIM
RFL
RFL
Revenue
$17.1M
$240.0K
Net Profit
$1.8M
$-9.8M
Gross Margin
38.2%
Operating Margin
10.0%
-4225.4%
Net Margin
10.5%
-4090.0%
Revenue YoY
8.3%
87.5%
Net Profit YoY
-32.1%
-9.0%
EPS (diluted)
$0.18
$-0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
FEIM
FEIM
RFL
RFL
Q4 25
$17.1M
$240.0K
Q3 25
$13.8M
Q2 25
$20.0M
Q1 25
$18.9M
Q4 24
$15.8M
Q3 24
$15.1M
$165.0K
Q2 24
$15.6M
$336.0K
Q1 24
$13.7M
$68.0K
Net Profit
FEIM
FEIM
RFL
RFL
Q4 25
$1.8M
$-9.8M
Q3 25
$634.0K
Q2 25
$3.2M
Q1 25
$15.4M
Q4 24
$2.7M
Q3 24
$2.4M
$-4.5M
Q2 24
$2.6M
$-32.4M
Q1 24
$130.0K
$6.0M
Gross Margin
FEIM
FEIM
RFL
RFL
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%
74.7%
Q1 24
22.6%
Operating Margin
FEIM
FEIM
RFL
RFL
Q4 25
10.0%
-4225.4%
Q3 25
2.6%
Q2 25
16.4%
Q1 25
18.3%
Q4 24
16.5%
Q3 24
15.7%
-2330.3%
Q2 24
16.0%
-27726.5%
Q1 24
-3.4%
-4622.1%
Net Margin
FEIM
FEIM
RFL
RFL
Q4 25
10.5%
-4090.0%
Q3 25
4.6%
Q2 25
16.0%
Q1 25
81.4%
Q4 24
16.8%
Q3 24
16.1%
-2707.9%
Q2 24
16.9%
-9628.3%
Q1 24
0.9%
8892.6%
EPS (diluted)
FEIM
FEIM
RFL
RFL
Q4 25
$0.18
$-0.19
Q3 25
$0.07
Q2 25
$0.33
Q1 25
$1.60
Q4 24
$0.28
Q3 24
$0.25
$-0.19
Q2 24
$0.28
$-1.36
Q1 24
$0.01
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
FEIM
FEIM
RFL
RFL
Cash + ST InvestmentsLiquidity on hand
$3.0M
$45.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
$85.2M
Total Assets
$92.3M
$105.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
FEIM
FEIM
RFL
RFL
Q4 25
$3.0M
$45.5M
Q3 25
$4.5M
Q2 25
$4.7M
Q1 25
$5.5M
Q4 24
$9.7M
Q3 24
$16.2M
$2.7M
Q2 24
$18.3M
$7.4M
Q1 24
$11.7M
$7.1M
Stockholders' Equity
FEIM
FEIM
RFL
RFL
Q4 25
$58.5M
$85.2M
Q3 25
$56.3M
Q2 25
$55.6M
Q1 25
$51.8M
Q4 24
$36.2M
Q3 24
$33.2M
$82.2M
Q2 24
$39.8M
$86.1M
Q1 24
$36.7M
$104.9M
Total Assets
FEIM
FEIM
RFL
RFL
Q4 25
$92.3M
$105.4M
Q3 25
$93.2M
Q2 25
$93.7M
Q1 25
$86.4M
Q4 24
$77.8M
Q3 24
$84.3M
$96.8M
Q2 24
$83.3M
$101.6M
Q1 24
$77.7M
$106.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
FEIM
FEIM
RFL
RFL
Operating Cash FlowLast quarter
$-523.0K
$-6.8M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
3.6%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
FEIM
FEIM
RFL
RFL
Q4 25
$-523.0K
$-6.8M
Q3 25
$1.2M
Q2 25
$-155.0K
Q1 25
$-3.6M
Q4 24
$3.8M
Q3 24
$-1.5M
$-2.9M
Q2 24
$7.5M
$-251.0K
Q1 24
$4.2M
$-2.5M
Free Cash Flow
FEIM
FEIM
RFL
RFL
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
$-375.0K
Q1 24
$3.9M
FCF Margin
FEIM
FEIM
RFL
RFL
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%
-111.6%
Q1 24
28.4%
Capex Intensity
FEIM
FEIM
RFL
RFL
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%
36.9%
Q1 24
2.3%
Cash Conversion
FEIM
FEIM
RFL
RFL
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×
-0.42×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

FEIM
FEIM

POC Revenue$14.8M86%
POT Revenue$2.3M13%

RFL
RFL

Segment breakdown not available.

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