What is Frequency Electronics, Inc.'s earnings per share (EPS)?

Frequency Electronics, Inc. (FEIM) reported diluted earnings per share of -$0.09 for fiscal year 2026. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Frequency Electronics, Inc. (FEIM) Financials

FEIM

Trailing 12 months to July 31, 2026

Revenue $72.9M +6.3% YoY

Net Income $3.6M -83.6% YoY

EPS (Diluted) $0.25 -89.0% YoY

Free Cash Flow -$184K +82.7% YoY

Market Cap $768.7M as of Oct 21, 2026

Price / Sales 10.5x on $72.9M revenue, trailing 12 months to July 31, 2026

Price / Earnings 215x on $3.6M net income, trailing 12 months to July 31, 2026

Price / Book 6.4x on $119.8M equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jul 31, 2026 Reported Sep 14, 2026 Currency USD FYE April

Newest figures come from the 10-Q for Q1 FY2027, filed Sep 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FEIM SEC filings page.

Frequency Electronics, Inc. (FEIM) reported $72.9M in revenue over the twelve months to Jul 31, 2026, up 6.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FEIM FY2026 2026-10-04

High margins are possible, but FY2026 shows volatile profitability and investment spending can absorb operating cash.

FY2025’s $23.7M net income arrived alongside operating cash flow of -$1.4M, so accounting earnings were not cash-backed. By FY2026, operating cash flow returned to $1.3M but free cash flow remained -$1.6M; the combination points to uneven earnings quality and reinvestment absorbing the cash operations generated.

Margin shape is the central operating signal: gross margin expanded from 19.3% in FY2023 to 43.1% by FY2025. Its retreat to 29.1% in FY2026, alongside lower revenue and higher SG&A, indicates the setback was not merely a volume issue; less gross profit was available to absorb overhead.

FY2026’s current ratio of 2.3x and debt-to-equity ratio of 0.6x indicate a balance sheet with meaningful short-term coverage and limited debt dependence. Total liabilities declined from $43.4M in FY2024 to $34.3M in FY2026, even as capital expenditures increased the gap between operating and free cash flow.

Financial Health Signals

Financial Health Score 41/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Frequency Electronics, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Frequency Electronics, Inc. held $1.6M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations generated $1.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Frequency Electronics, Inc. scores 85/100 among other emerging companies.

Dilution

Frequency Electronics, Inc. had 10M shares outstanding at the end of fiscal year 2026. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Frequency Electronics, Inc. scores 66/100 among other emerging companies.

R&D Intensity

Frequency Electronics, Inc. spent $6.0M on research and development in fiscal year 2026, which was 9.1% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Frequency Electronics, Inc. scores 35/100 among other emerging companies.

Revenue Progress

Frequency Electronics, Inc. reported revenue of $63.2M in fiscal year 2026, against $69.8M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Frequency Electronics, Inc. scores 51/100 among other emerging companies.

Burn Trend

Not available for Frequency Electronics, Inc., and counted as zero in the overall score.

Balance Sheet

Frequency Electronics, Inc.'s cash, cash equivalents and investments came to $1.6M at the end of fiscal year 2026, against $34.3M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Frequency Electronics, Inc. scores 10/100 among other emerging companies.

Altman Z-Score Safe

14.43

Frequency Electronics, Inc. scores 14.43, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($768.7M) relative to total liabilities ($34.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

Frequency Electronics, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Frequency Electronics, Inc. reported a net loss of $903 while generating $1.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Frequency Electronics, Inc. reported an operating loss of $3.0M against $87K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$23.5M

YoY+69.8%

QoQ+52.3%

5Y CAGR+12.6%

10Y CAGR+7.3%

Frequency Electronics, Inc. generated $23.5M in revenue in Q1 2027. This represents an increase of 69.8% from the same quarter a year earlier. Against the prior quarter it is up 52.3%.

EBITDA

$5.5M

YoY+557.9%

QoQ+193.5%

Frequency Electronics, Inc.'s EBITDA was $5.5M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 557.9% from the same quarter a year earlier. Against the prior quarter it is up 193.5%.

Net Income

$4.2M

YoY+565.0%

QoQ+205.3%

Frequency Electronics, Inc. reported $4.2M in net income in Q1 2027. This represents an increase of 565.0% from the same quarter a year earlier. Against the prior quarter it is up 205.3%.

EPS (Diluted)

$0.41

YoY+485.7%

QoQ+182.0%

Frequency Electronics, Inc. earned $0.41 per diluted share (EPS) in Q1 2027. This represents an increase of 485.7% from the same quarter a year earlier. Against the prior quarter it is up 182.0%.

Cash & Balance Sheet

Free Cash Flow

$1.8M

YoY+361.8%

QoQ+22.1%

Frequency Electronics, Inc. generated $1.8M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 361.8% from the same quarter a year earlier. Against the prior quarter it is up 22.1%.

Cash & Debt

$61.4M

YoY+1261.0%

QoQ+3730.8%

5Y CAGR+47.1%

10Y CAGR+32.2%

Frequency Electronics, Inc. held $61.4M in cash as of Q1 2027; long-term debt is not reported for that period.

Shares Outstanding

11M

YoY+15.6%

QoQ+14.2%

5Y CAGR+4.0%

10Y CAGR+2.6%

Frequency Electronics, Inc. had 11M shares outstanding in Q1 2027. This represents an increase of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 14.2%.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

45.8%

YoY+9.0pp

QoQ+44.8pp

5Y change+14.5pp

10Y change+12.8pp

Frequency Electronics, Inc.'s gross margin was 45.8% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 9.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 44.8 percentage points.

Operating Margin

22.2%

YoY+19.5pp

QoQ+63.4pp

5Y change+35.2pp

10Y change+25.7pp

Frequency Electronics, Inc.'s operating margin was 22.2% in Q1 2027, reflecting core business profitability. This is up 19.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 63.4 percentage points.

Net Margin

18.0%

YoY+13.4pp

QoQ+44.0pp

5Y change+30.1pp

10Y change+24.1pp

Frequency Electronics, Inc.'s net profit margin was 18.0% in Q1 2027, showing the share of revenue converted to profit. This is up 13.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 44.0 percentage points.

Return on Equity

3.5%

YoY+2.4pp

QoQ+10.6pp

5Y change+6.4pp

10Y change+4.3pp

Frequency Electronics, Inc.'s ROE was 3.5% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.6 percentage points.

Capital Allocation

R&D Spending

$1.4M

YoY+27.5%

QoQ-23.9%

5Y CAGR+1.3%

10Y CAGR+0.3%

Frequency Electronics, Inc. invested $1.4M in research and development in Q1 2027. This represents an increase of 27.5% from the same quarter a year earlier. Against the prior quarter it is down 23.9%.

Share Buybacks

YoY-100.0%

Frequency Electronics, Inc. repurchased no shares in Q1 2027. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$844K

YoY+8.8%

QoQ+39.5%

5Y CAGR+10.9%

10Y CAGR-2.4%

Frequency Electronics, Inc. invested $844K in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 8.8% from the same quarter a year earlier. Against the prior quarter it is up 39.5%.

FEIM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FEIM quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$72.9M	$63.2M-9.4%	$69.8M+26.3%	$55.3M+35.6%	$40.8M-15.6%	$48.3M-11.0%	$54.3M+30.7%	$41.5M-16.2%	$49.5M+25.6%	$39.4M-21.7%	$50.4M-9.1%	$55.4M-27.6%	$76.6M+7.0%	$71.5M+3.8%	$68.9M+8.4%	$63.6M
Cost of Revenue	$48.8M	$44.8M+12.9%	$39.7M+8.2%	$36.7M+11.4%	$32.9M-17.1%	$39.7M+6.3%	$37.3M+4.4%	$35.8M+6.0%	$33.7M-1.5%	$34.2M-12.4%	$39.1M+8.2%	$36.1M-31.8%	$53.0M+13.3%	$46.8M+6.8%	$43.8M+12.4%	$39.0M
Gross Profit	$24.1M	$18.4M-38.9%	$30.1M+62.0%	$18.6M+136.8%	$7.8M-8.7%	$8.6M-49.2%	$16.9M+194.4%	$5.7M-63.6%	$15.8M+205.8%	$5.2M-54.1%	$11.2M-41.6%	$19.3M-18.1%	$23.5M-4.9%	$24.8M-1.4%	$25.1M+2.0%	$24.6M
R&D Expenses	$6.3M	$6.0M-1.3%	$6.1M+79.8%	$3.4M+7.3%	$3.1M-36.7%	$5.0M+6.1%	$4.7M-7.6%	$5.1M-22.0%	$6.5M-6.4%	$7.0M+1.1%	$6.9M+26.7%	$5.4M-4.2%	$5.7M-2.5%	$5.8M+1.5%	$5.7M+48.4%	$3.9M
SG&A Expenses	$15.9M	$15.4M+25.3%	$12.3M+20.7%	$10.2M+8.7%	$9.4M-19.6%	$11.7M-11.6%	$13.2M+13.8%	$11.6M-4.2%	$12.1M+14.1%	$10.6M-10.8%	$11.9M+4.6%	$11.4M-19.9%	$14.2M+1.0%	$14.1M-4.4%	$14.7M+4.6%	$14.1M
Operating Income	$1.8M	-$3.0M-125.6%	$11.7M+133.8%	$5.0M+207.4%	-$4.7M+41.9%	-$8.0M-739.0%	-$958K+91.2%	-$10.9M-287.7%	-$2.8M+77.3%	-$12.4M-64.7%	-$7.5M-404.9%	$2.5M-32.8%	$3.7M-24.6%	$4.9M+4.1%	$4.7M-30.2%	$6.7M
EBITDA	N/A	-$1.1M-108.0%	$13.8M+93.0%	$7.1M+419.2%	-$2.2M+55.4%	-$5.0M-314.0%	$2.3M+130.8%	-$7.6M-50586.7%	-$15K+99.8%	-$9.9M-102.8%	-$4.9M-198.4%	$5.0M-25.0%	$6.6M-9.9%	$7.3M+3.6%	$7.1M-20.7%	$8.9M
Interest Expense	$83K	$87K-16.3%	$104K-4.6%	$109K-30.1%	$156K+102.6%	$77K-39.4%	$127K+18.7%	$107K+28.9%	$83K+5.1%	$79K-47.3%	$150K+14.5%	$131K-5.8%	$139K-10.9%	$156K-20.0%	$195K+61.2%	$121K
Income Tax	-$902K	-$2.0M+82.6%	-$11.5M-8778.5%	-$130K-275.7%	$74K+7300.0%	$1K+100.5%	-$204K+88.3%	-$1.7M-3210.7%	$56K-99.5%	$11.2M+628.4%	-$2.1M-297.7%	$1.1M-37.4%	$1.7M-24.3%	$2.3M+61.4%	$1.4M+350.0%	-$560K
Net Income	$3.6M	-$903-100.0%	$23.7M+423317.9%	$6K+100.1%	-$5.5M+36.5%	-$8.7M-1374.0%	$680K+106.8%	-$10.0M-296.4%	-$2.5M+89.4%	-$23.8M-393.2%	-$4.8M-579.7%	$1.0M-64.4%	$2.8M-30.0%	$4.0M+9.6%	$3.7M-50.0%	$7.4M
EPS (Basic)	N/A	-$0.09-103.7%	$2.46+316.9%	$0.59	N/A	N/A	N/A	N/A	N/A	N/A	-$0.55-558.3%	$0.12-63.6%	$0.33-29.8%	$0.47+6.8%	$0.44-50.6%	$0.89
EPS (Diluted)	$0.25	-$0.09	$2.46	$0.59	N/A	N/A	N/A	N/A	N/A	N/A	-$0.55-600.0%	$0.11-65.6%	$0.32-30.4%	$0.46+7.0%	$0.43-50.0%	$0.86
Diluted Shares (Avg)	N/A	10M	10M	9M+1.0%	9M+0.8%	9M+0.2%	9M-0.8%	9M+1.8%	9M+3.6%	9M+0.6%	9M-1.7%	9M+0.3%	9M+1.1%	9M+2.5%	9M+0.7%	9M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$23.5M+69.8%	$15.4M-23.0%	$16.9M-10.8%	$17.1M+8.3%	$13.8M-8.4%	$20.0M+28.3%	$18.9M+38.0%	$15.8M+16.5%
Cost of Revenue	$12.7M+45.5%	$15.2M+22.0%	$10.3M-3.6%	$10.6M+29.1%	$8.7M+4.2%	$12.5M+34.4%	$10.6M+0.3%	$8.2M-11.3%
Gross Profit	$10.8M+111.5%	$152K-98.0%	$6.6M-20.0%	$6.5M-14.2%	$5.1M-24.1%	$7.5M+19.3%	$8.3M+166.9%	$7.6M+76.0%
R&D Expenses	$1.4M+27.5%	$1.9M+23.4%	$1.8M+22.8%	$1.2M-25.7%	$1.1M-23.9%	$1.5M+43.0%	$1.4M+49.9%	$1.6M+92.0%
SG&A Expenses	$4.1M+14.5%	$4.6M+72.0%	$3.6M+6.3%	$3.6M+6.9%	$3.6M+26.0%	$2.7M-1.3%	$3.4M+29.1%	$3.4M+32.8%
Operating Income	$5.2M+1328.6%	-$6.3M-293.6%	$1.3M-63.4%	$1.7M-34.5%	$364K-84.6%	$3.3M+31.5%	$3.5M+833.4%	$2.6M+179.1%
EBITDA	$5.5M+557.9%	-$5.9M-251.9%	$1.8M-54.6%	$2.1M-32.2%	$834K-70.5%	$3.9M	$3.9M	$3.2M
Interest Expense	$19K-17.4%	$21K-16.0%	$21K-19.2%	$22K-18.5%	$23K-11.5%	$25K+13.6%	$26K-3.7%	$27K-6.9%
Income Tax	$1.0M+1432.5%	-$1.8M-17800.0%	-$127K+98.9%	-$31K-122.3%	-$77K-157.9%	$10K+106.7%	-$11.8M-197166.7%	$139K+2216.7%
Net Income	$4.2M+565.0%	-$4.0M-225.2%	$1.6M-89.8%	$1.8M-32.1%	$634K-73.9%	$3.2M+207.9%	$15.4M+11750.0%	$2.7M+233.0%
EPS (Basic)	$0.41+485.7%	-$0.50-256.3%	$0.16-90.0%	$0.18-35.7%	$0.07-72.0%	$0.32+18.5%	$1.60+15900.0%	$0.28+250.0%
EPS (Diluted)	$0.41+485.7%	-$0.50-256.3%	$0.16-90.0%	$0.18-35.7%	$0.07-72.0%	$0.32+18.5%	$1.60+15900.0%	$0.28+250.0%
Diluted Shares (Avg)	10M+5.2%	N/A	10M+1.7%	10M+1.8%	10M+1.9%	N/A	10M+2.0%	10M+2.0%

FEIM Balance Sheet

FEIM quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$90.7M-3.2%	$93.7M+12.6%	$83.3M+11.8%	$74.5M-12.1%	$84.8M-14.0%	$98.5M+7.9%	$91.3M+5.2%	$86.8M+3.8%	$83.6M-26.2%	$113.3M-7.3%	$122.2M+3.7%	$117.8M-1.4%	$119.5M+9.7%	$108.9M+2.5%	$106.2M
Current Assets	$48.0M-9.7%	$53.1M-8.6%	$58.1M+20.3%	$48.3M-13.8%	$56.0M-8.5%	$61.2M+19.4%	$51.2M-2.8%	$52.7M+1.2%	$52.1M-25.5%	$69.9M-18.6%	$85.9M+2.7%	$83.6M-4.9%	$87.9M+8.5%	$81.0M+2.1%	$79.4M
Cash & Equivalents	$1.6M-66.0%	$4.7M-74.2%	$18.3M+52.0%	$12.0M+4.2%	$11.6M+17.9%	$9.8M+157.5%	$3.8M+3.4%	$3.7M-53.2%	$7.9M+263.8%	$2.2M-62.8%	$5.8M-19.4%	$7.2M-6.2%	$7.7M+122.5%	$3.5M-27.6%	$4.8M
Short-Term Investments	$0	$0	$0	$0-100.0%	$10.0M-3.4%	$10.3M-2.4%	$10.6M+28.9%	$8.2M+33.3%	$6.1M-21.3%	$7.8M-29.7%	$11.1M-0.7%	$11.2M-30.2%	$16.0M-12.3%	$18.3M+3.5%	$17.7M
Inventory	$22.6M-3.7%	$23.5M+0.2%	$23.4M+14.2%	$20.5M+3.1%	$19.9M+1.2%	$19.7M-14.4%	$23.0M-1.7%	$23.4M-10.8%	$26.2M-9.9%	$29.1M-19.9%	$36.3M-5.1%	$38.2M-7.2%	$41.2M+9.9%	$37.5M+9.4%	$34.3M
Accounts Receivable	$4.6M-21.6%	$5.9M+28.2%	$4.6M-0.2%	$4.6M+7.7%	$4.3M-22.2%	$5.5M+25.6%	$4.4M-31.0%	$6.4M+49.1%	$4.3M-61.2%	$11.0M+53.3%	$7.2M-26.0%	$9.7M+25.2%	$7.7M-0.5%	$7.8M-28.4%	$10.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$218K-64.7%	$617K0.0%	$617K0.0%	$617K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$34.3M-10.0%	$38.1M-12.2%	$43.4M+4.4%	$41.6M+9.3%	$38.1M-11.7%	$43.1M+16.4%	$37.0M+56.4%	$23.7M+16.5%	$20.3M-15.3%	$24.0M-16.8%	$28.8M+10.8%	$26.0M-16.4%	$31.1M+17.6%	$26.5M-2.4%	$27.1M
Current Liabilities	$21.0M-10.5%	$23.5M-23.8%	$30.8M+12.9%	$27.3M+24.8%	$21.9M+6.1%	$20.6M+50.5%	$13.7M+134.6%	$5.8M+11.0%	$5.3M-35.2%	$8.1M-21.3%	$10.3M+23.4%	$8.3M-13.9%	$9.7M+4.0%	$9.3M-42.1%	$16.1M
Non-Current Liabilities	$13.3M-9.2%	$14.7M+16.0%	$12.6M-11.8%	$14.3M-11.6%	$16.2M-28.0%	$22.5M-3.6%	$23.3M+30.8%	$17.8M+18.5%	$15.1M-5.1%	$15.9M-14.3%	$18.5M+4.8%	$17.7M-17.5%	$21.4M+25.0%	$17.1M+55.9%	$11.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.1M+68.3%	$6.0M+39900.0%	$15K
Total Equity	$56.4M+1.4%	$55.6M+39.7%	$39.8M+21.1%	$32.9M-29.6%	$46.7M-15.7%	$55.4M+2.2%	$54.2M-14.0%	$63.1M-0.3%	$63.3M-29.2%	$89.3M-4.3%	$93.4M+1.7%	$91.8M+3.9%	$88.3M+7.1%	$82.5M+4.2%	$79.1M
Retained Earnings	$2.8M-24.7%	$3.7M+118.3%	-$20.0M+21.8%	-$25.6M-27.3%	-$20.1M-75.6%	-$11.5M+5.6%	-$12.1M-474.9%	-$2.1M-3147.7%	-$65K-100.3%	$23.7M-16.9%	$28.5M+3.7%	$27.5M+11.4%	$24.7M+19.6%	$20.7M+10.7%	$18.7M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$153.6M+64.8%	$90.7M-3.2%	$94.2M+9.0%	$92.3M+18.6%	$93.2M+10.6%	$93.7M+12.6%	$86.4M+11.2%	$77.8M+4.1%
Current Assets	$111.1M+112.2%	$48.0M-9.7%	$52.6M+4.8%	$50.9M-3.8%	$52.3M-11.6%	$53.1M-8.6%	$50.1M-3.7%	$52.9M+6.5%
Cash & Equivalents	$61.4M+1261.0%	$1.6M-66.0%	$86K-98.4%	$3.0M-69.1%	$4.5M-72.1%	$4.7M-74.2%	$5.5M-52.7%	$9.7M+11.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$22.2M-10.4%	$22.6M-3.7%	$25.8M+1.7%	$24.7M-3.1%	$24.8M+1.9%	$23.5M+0.2%	$25.4M+9.7%	$25.5M+10.4%
Accounts Receivable	$6.2M-16.3%	$4.6M-21.6%	$10.7M+176.9%	$6.1M+48.5%	$7.4M+25.6%	$5.9M+28.2%	$3.9M-28.4%	$4.1M+8.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$218K-64.7%	$218K-64.7%	$617K0.0%	$617K0.0%	$617K0.0%	$617K0.0%	$617K	$617K
Total Liabilities	$33.7M-8.5%	$34.3M-10.0%	$33.9M-1.9%	$33.8M-18.7%	$36.9M-27.8%	$38.1M-12.2%	$34.6M-15.8%	$41.6M+8.1%
Current Liabilities	$20.8M-8.4%	$21.0M-10.5%	$20.2M-11.7%	$19.7M-33.4%	$22.7M-41.3%	$23.5M-23.8%	$22.9M-18.4%	$29.5M+18.1%
Non-Current Liabilities	$12.9M-8.7%	$13.3M-9.2%	$13.8M+17.4%	$14.1M+17.1%	$14.2M+14.5%	$14.7M+16.0%	$11.7M-10.1%	$12.1M-10.5%
Total Equity	$119.8M+112.8%	$56.4M+1.4%	$60.2M+16.2%	$58.5M+61.5%	$56.3M+69.6%	$55.6M+39.7%	$51.8M+41.3%	$36.2M-0.2%
Retained Earnings	$7.0M+62.4%	$2.8M-24.7%	$7.7M+1558.2%	$6.1M+140.8%	$4.3M+124.4%	$3.7M+118.3%	$462K+102.0%	-$14.9M+34.4%

Not reported in any period shown, so not listed: Long-Term Debt.

FEIM Cash Flow Statement

FEIM quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$2.7M	$1.3M+189.8%	-$1.4M-116.4%	$8.7M+641.1%	$1.2M-70.9%	$4.0M-66.8%	$12.2M+964.0%	-$1.4M-1350.5%	-$97K-102.1%	$4.5M+16.6%	$3.9M+33.0%	$2.9M+55.3%	$1.9M-48.3%	$3.6M+28.6%	$2.8M+32.1%	$2.1M
Depreciation & Amortization	N/A	$1.9M-7.9%	$2.1M-3.2%	$2.1M-12.7%	$2.4M-19.5%	$3.0M-8.4%	$3.3M-0.5%	$3.3M+18.5%	$2.8M+12.8%	$2.5M-5.8%	$2.6M+5.6%	$2.5M-15.1%	$2.9M+19.1%	$2.5M+2.4%	$2.4M+7.7%	$2.2M
Stock-Based Compensation	N/A	$2.0M+70.0%	$1.2M+41.2%	$822K+317.3%	$197K-20.2%	$247K-9.5%	$273K-12.5%	$312K-37.6%	$500K+6.4%	$470K-29.0%	$662K-19.7%	$824K-23.5%	$1.1M-2.5%	$1.1M+16.7%	$947K+9.9%	$862K
Capital Expenditures	$2.9M	$2.9M+58.1%	$1.8M+21.2%	$1.5M+62.5%	$918K-50.6%	$1.9M+50.1%	$1.2M-16.5%	$1.5M-46.4%	$2.8M+95.1%	$1.4M-72.9%	$5.2M+60.4%	$3.3M-21.5%	$4.2M-23.1%	$5.4M+140.2%	$2.3M+61.2%	$1.4M
Free Cash Flow	-$184K	-$1.6M+51.3%	-$3.2M-144.8%	$7.2M+2707.8%	$257K-88.2%	$2.2M-80.1%	$10.9M+477.8%	-$2.9M-0.9%	-$2.9M-191.9%	$3.1M+331.6%	-$1.3M-295.6%	-$340K+85.1%	-$2.3M-29.0%	-$1.8M-402.4%	$583K-22.1%	$748K
Investing Cash Flow	-$3.0M	-$2.9M-58.1%	-$1.8M-21.2%	-$1.5M-117.2%	$8.7M+479.8%	-$2.3M-91.3%	-$1.2M+65.2%	-$3.4M+26.3%	-$4.7M-1466.6%	$341K+123.5%	-$1.5M+58.8%	-$3.5M-404.5%	$1.2M+132.4%	-$3.6M-77.5%	-$2.0M+74.8%	-$8.0M
Financing Cash Flow	$57.1M	-$1.6M+84.2%	-$9.9M	$0+100.0%	-$9.4M	$0+100.0%	-$5.0M-200.0%	$5.0M	$0	$0+100.0%	-$6.7M-4831.2%	$141K+103.6%	-$3.9M-191.4%	$4.3M+328.3%	-$1.9M-132.8%	$5.7M
Dividends Paid	N/A	$0-100.0%	$9.6M	$0-100.0%	$9.4M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$1.7M	$0
Share Buybacks	$991K	$1.6M+317.5%	$377K	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$2.6M+125.8%	$2.1M+1429.7%	-$1.4M+60.9%	-$523K-113.7%	$1.2M+179.6%	-$155K-102.1%	-$3.6M-186.2%	$3.8M+2216.7%
Depreciation & Amortization	$287K-38.9%	$479K-18.3%	$512K+11.8%	$433K-21.3%	$470K+2.0%	$586K	$458K	$550K
Capital Expenditures	$844K+8.8%	$605K-4.1%	$865K+162.9%	$613K+17.7%	$776K+137.3%	$631K-23.1%	$329K+5.8%	$521K+201.2%
Free Cash Flow	$1.8M+361.8%	$1.5M+285.2%	-$2.3M+42.3%	-$1.1M-134.5%	$385K+121.6%	-$786K-111.8%	-$4.0M-201.5%	$3.3M+1031.7%
Investing Cash Flow	-$944K-21.6%	-$605K+4.1%	-$865K-162.9%	-$613K-17.7%	-$776K-137.3%	-$631K+23.1%	-$329K-5.8%	-$521K-201.2%
Financing Cash Flow	$58.1M+10071.4%	$0	-$616K-186.5%	-$375K+96.1%	-$583K-840.3%	$0	-$215K	-$9.7M
Dividends Paid	N/A	$0	$0	N/A	N/A	$0	$0	$9.6M
Share Buybacks	$0-100.0%	$0	$616K+186.5%	$375K+275.0%	$583K+840.3%	$0	$215K	$100K

Not reported in any period shown, so not listed: Stock-Based Compensation.

FEIM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FEIM quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	29.1%-14.0pp	43.1%+9.5pp	33.6%+14.4pp	19.3%+1.5pp	17.8%-13.4pp	31.2%+17.3pp	13.9%-18.0pp	31.9%+18.8pp	13.1%-9.2pp	22.3%-12.4pp	34.8%+4.0pp	30.8%-3.8pp	34.6%-1.8pp	36.4%-2.3pp	38.7%
Operating Margin	-4.8%-21.6pp	16.8%+7.7pp	9.1%+20.5pp	-11.5%+5.2pp	-16.6%-14.9pp	-1.8%+24.5pp	-26.3%-20.6pp	-5.7%+25.8pp	-31.4%-16.5pp	-14.9%-19.4pp	4.5%-0.4pp	4.8%-2.0pp	6.8%0.0pp	6.8%-3.7pp	10.5%
Net Margin	0.0%-33.9pp	33.9%+33.9pp	0.0%+13.5pp	-13.5%+4.5pp	-17.9%-19.2pp	1.3%+25.4pp	-24.1%-19.0pp	-5.1%+55.2pp	-60.3%-50.8pp	-9.6%-11.4pp	1.8%-1.9pp	3.7%-2.0pp	5.7%+0.3pp	5.3%-6.3pp	11.6%
Return on Equity	0.0%-42.6pp	42.6%+42.6pp	0.0%+16.7pp	-16.7%+1.8pp	-18.6%-19.8pp	1.2%+19.7pp	-18.5%-14.5pp	-4.0%+33.6pp	-37.6%-32.2pp	-5.4%-6.5pp	1.1%-2.0pp	3.1%-1.5pp	4.6%+0.1pp	4.5%-4.9pp	9.3%
Return on Assets	0.0%-25.3pp	25.3%+25.3pp	0.0%+7.4pp	-7.4%+2.8pp	-10.2%-10.9pp	0.7%+11.7pp	-11.0%-8.1pp	-2.9%+25.5pp	-28.4%-24.2pp	-4.3%-5.1pp	0.8%-1.6pp	2.4%-1.0pp	3.4%0.0pp	3.4%-3.6pp	6.9%
Current Ratio	2.290.0x	2.26+0.4x	1.89+0.1x	1.77-0.8x	2.56-0.4x	2.97-0.8x	3.74-5.3x	9.03-0.9x	9.91+1.3x	8.61+0.3x	8.33-1.7x	10.01+1.0x	9.06+0.4x	8.69+3.8x	4.93
Debt-to-Equity	0.61-0.1x	0.69-0.4x	1.09-0.2x	1.27+0.4x	0.820.0x	0.78+0.1x	0.68+0.3x	0.38+0.1x	0.32+0.1x	0.270.0x	0.310.0x	0.28+0.2x	0.110.0x	0.07+0.1x	0.00
Asset Turnover	0.700.0x	0.74+0.1x	0.66+0.1x	0.550.0x	0.570.0x	0.55+0.1x	0.45-0.1x	0.57+0.1x	0.470.0x	0.440.0x	0.45-0.2x	0.65+0.1x	0.600.0x	0.630.0x	0.60
FCF Margin	-2.5%+2.1pp	-4.6%-17.7pp	13.1%+12.4pp	0.6%-3.9pp	4.5%-15.6pp	20.1%+27.1pp	-7.0%-1.2pp	-5.8%-13.7pp	7.9%+10.6pp	-2.7%-2.1pp	-0.6%+2.4pp	-3.0%-0.5pp	-2.5%-3.3pp	0.9%-0.3pp	1.2%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	45.8%+9.0pp	1.0%-36.5pp	39.2%-4.5pp	38.2%-10.0pp	36.8%-7.6pp	37.5%-2.8pp	43.8%+21.1pp	48.2%+16.3pp
Operating Margin	22.2%+19.5pp	-41.2%-57.6pp	7.5%-10.8pp	10.0%-6.5pp	2.6%-13.1pp	16.4%+0.4pp	18.3%+21.8pp	16.6%+9.6pp
Net Margin	18.0%+13.4pp	-26.0%-42.0pp	9.3%-72.1pp	10.5%-6.3pp	4.6%-11.5pp	16.0%+35.0pp	81.4%+80.4pp	16.8%+10.9pp
Return on Equity	3.5%+2.4pp	-7.1%-12.8pp	2.6%-27.1pp	3.1%-4.3pp	1.1%-6.2pp	5.8%-0.8pp	29.7%+29.4pp	7.3%+5.1pp
Return on Assets	2.8%+2.1pp	-4.4%-7.8pp	1.7%-16.2pp	1.9%-1.5pp	0.7%-2.2pp	3.4%+7.0pp	17.8%+17.6pp	3.4%+2.3pp
Current Ratio	5.34+3.0x	2.290.0x	2.60+0.4x	2.59+0.8x	2.30+0.8x	2.26+0.4x	2.19+0.3x	1.79-0.2x
Debt-to-Equity	0.28-0.4x	0.61-0.1x	0.56-0.1x	0.58-0.6x	0.65-0.9x	0.69-0.4x	0.67-0.5x	1.15+0.1x
Asset Turnover	0.150.0x	0.170.0x	0.180.0x	0.190.0x	0.150.0x	0.210.0x	0.220.0x	0.200.0x
FCF Margin	7.6%+4.8pp	9.5%+13.4pp	-13.5%+7.4pp	-6.6%-27.4pp	2.8%+14.6pp	-3.9%-46.7pp	-20.9%-49.3pp	20.8%+23.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Frequency Electronics, Inc. FEIM	FY2026	$63.2M	-$903	0.0%	$768.7M	41/100
Aviat Networks, Inc. AVNW	FY2026	$439.7M	$2.5M	0.6%	$249.2M	47/100
Gilat Satellite Networks Ltd GILT	FY2025	$451.7M	$20.7M	4.6%	$599.3M	66/100
Clearfield, Inc. CLFD	FY2025	$150.1M	-$8.1M	-5.4%	$398.1M	50/100
ADTRAN Holdings, Inc. ADTN	FY2025	$1.1B	-$45.7M	-4.2%	$536.1M	27/100

Where Frequency Electronics, Inc. Ranks

Frequently Asked Questions

What is Frequency Electronics, Inc.'s annual revenue?

Frequency Electronics, Inc. (FEIM) reported $63.2M in total revenue for fiscal year 2026. This represents a -9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Frequency Electronics, Inc.'s revenue growing?

Frequency Electronics, Inc. (FEIM) revenue declined by 9.4% year-over-year, from $69.8M to $63.2M in fiscal year 2026.

Is Frequency Electronics, Inc. profitable?

No, Frequency Electronics, Inc. (FEIM) reported a net income of -$903 in fiscal year 2026, with a net profit margin of 0.0%.

What is Frequency Electronics, Inc.'s EBITDA?

Frequency Electronics, Inc. (FEIM) had EBITDA of -$1.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Frequency Electronics, Inc.'s gross margin?

Frequency Electronics, Inc. (FEIM) had a gross margin of 29.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Frequency Electronics, Inc.'s operating margin?

Frequency Electronics, Inc. (FEIM) had an operating margin of -4.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Frequency Electronics, Inc.'s net profit margin?

Frequency Electronics, Inc. (FEIM) had a net profit margin of 0.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Frequency Electronics, Inc.'s return on equity (ROE)?

Frequency Electronics, Inc. (FEIM) has a return on equity of 0.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Frequency Electronics, Inc.'s free cash flow?

Frequency Electronics, Inc. (FEIM) recorded an outflow of $1.6M in free cash flow during fiscal year 2026. This represents a 51.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Frequency Electronics, Inc.'s operating cash flow?

Frequency Electronics, Inc. (FEIM) generated $1.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Frequency Electronics, Inc.'s total assets?

Frequency Electronics, Inc. (FEIM) had $90.7M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Frequency Electronics, Inc.'s capital expenditures?

Frequency Electronics, Inc. (FEIM) invested $2.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Frequency Electronics, Inc. spend on research and development?

Frequency Electronics, Inc. (FEIM) invested $6.0M in research and development during fiscal year 2026.

Does Frequency Electronics, Inc. buy back shares?

Yes, Frequency Electronics, Inc. (FEIM) spent $1.6M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Frequency Electronics, Inc. have outstanding?

Frequency Electronics, Inc. (FEIM) had 10M shares outstanding as of fiscal year 2026.

What is Frequency Electronics, Inc.'s current ratio?

Frequency Electronics, Inc. (FEIM) had a current ratio of 2.29 as of fiscal year 2026, which is generally considered healthy.

What is Frequency Electronics, Inc.'s debt-to-equity ratio?

Frequency Electronics, Inc. (FEIM) had a debt-to-equity ratio of 0.61 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Frequency Electronics, Inc.'s return on assets (ROA)?

Frequency Electronics, Inc. (FEIM) had a return on assets of 0.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Frequency Electronics, Inc.'s P/E ratio?

Frequency Electronics, Inc. (FEIM) trades at 215x earnings, its market capitalization divided by net income of $3.6M net income, trailing 12 months to July 31, 2026. The market capitalization is $768.7M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Frequency Electronics, Inc.'s price-to-sales ratio?

Frequency Electronics, Inc. (FEIM) trades at 10.5x sales, its market capitalization divided by revenue of $72.9M revenue, trailing 12 months to July 31, 2026. The market capitalization is $768.7M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Frequency Electronics, Inc.'s Altman Z-Score?

Frequency Electronics, Inc. (FEIM) has an Altman Z-Score of 14.43, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Frequency Electronics, Inc.'s Piotroski F-Score?

Frequency Electronics, Inc. (FEIM) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Frequency Electronics, Inc.'s earnings high quality?

Frequency Electronics, Inc. (FEIM) reported a net loss of $903 while generating $1.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Frequency Electronics, Inc. cover its interest payments?

Frequency Electronics, Inc. (FEIM) reported an operating loss of $3.0M against $87K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Frequency Electronics, Inc.?

Frequency Electronics, Inc. (FEIM) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.