What is Frequency Electronics' operating income?

Frequency Electronics' total operating income in 2026 was -$3.00 million, based on the following breakdown: Total Gross Profit: $18.40 million Total Operating Expenses: $21.40 million

Frequency Electronics (FEIM) Financials

$70.64 -1.82 (-2.51%)

Closing price 04:00 PM Eastern

Extended Trading

$70.60 -0.03 (-0.05%)

As of 07:34 PM Eastern

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Annual Income Statements for Frequency Electronics

This table shows Frequency Electronics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025	4/30/2026
Net Income / (Loss) Attributable to Common Shareholders	0.08	-4.40	-27	-2.53	-9.58	0.48	-9.39	-5.06	5.59	24	-0.90
Consolidated Net Income / (Loss)	1.01	-4.82	-24	-2.53	-10	0.68	-8.66	-5.50	5.59	24	-0.90
Net Income / (Loss) Continuing Operations	2.20	-4.92	-22	-2.53	-10	0.68	-8.66	-5.50	5.59	24	-0.90
Total Pre-Tax Income	3.27	-7.04	-11	-2.47	-12	0.48	-8.66	-5.43	5.46	12	-2.91
Total Operating Income	2.47	-7.53	-12	-2.82	-11	-0.96	-8.04	-4.67	5.02	12	-3.00
Total Gross Profit	19	11	5.16	16	5.75	17	8.60	7.85	19	30	18
Total Revenue	55	50	39	50	42	54	48	41	55	70	63
Operating Revenue	55	50	39	50	42	54	48	41	55	70	63
Total Cost of Revenue	36	39	34	34	36	37	40	33	37	40	45
Operating Cost of Revenue	36	39	34	34	36	37	40	33	37	40	45
Total Operating Expenses	17	19	18	19	17	18	17	13	14	18	21
Selling, General & Admin Expense	11	12	11	12	12	13	12	9.37	10	12	15
Research & Development Expense	5.43	6.88	6.95	6.51	5.08	4.69	4.98	3.15	3.38	6.08	5.99
Total Other Income / (Expense), net	0.81	0.49	1.12	0.34	-0.85	1.43	-0.62	-0.76	0.45	0.41	0.09
Interest Expense	0.13	0.15	0.08	0.08	0.11	0.13	0.08	0.16	0.11	0.10	0.09
Interest & Investment Income	0.49	0.55	1.27	0.29	0.33	0.46	-0.60	-0.61	0.56	0.52	0.67
Other Income / (Expense), net	0.45	0.09	-0.07	0.13	-1.07	1.10	0.05	0.01	-0.01	-0.00	-0.49
Income Tax Expense	1.07	-2.12	11	0.06	-1.74	-0.20	0.00	0.07	-0.13	-12	-2.01
Basic Earnings per Share	$0.12	($0.55)	($2.69)	($0.28)	($1.10)	$0.07	($0.93)	($0.59)	$0.59	$2.46	($0.09)
Weighted Average Basic Shares Outstanding	8.73M	8.79M	8.84M	8.92M	9.07M	9.18M	9.30M	9.34M	9.43M	9.61M	9.78M
Diluted Earnings per Share	$0.11	($0.55)	($2.69)	($0.28)	($1.10)	$0.07	($0.93)	($0.59)	$0.59	$2.46	($0.09)
Weighted Average Diluted Shares Outstanding	8.94M	8.79M	8.84M	8.92M	9.33M	9.25M	9.30M	9.34M	9.43M	9.61M	9.78M
Weighted Average Basic & Diluted Shares Outstanding	8.73M	8.79M	8.84M	8.92M	9.07M	9.22M	9.30M	9.34M	9.43M	9.73M	9.87M

This table shows Frequency Electronics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Income / (Loss) Attributable to Common Shareholders	0.80	0.13	2.63	2.43	2.65	15	3.20	0.63	1.80	1.57	-4.91
Consolidated Net Income / (Loss)	0.80	0.13	2.63	2.43	2.65	15	3.20	0.63	1.80	1.57	-4.91
Net Income / (Loss) Continuing Operations	0.80	0.13	2.63	2.43	2.65	15	3.20	0.63	1.80	1.57	-4.91
Total Pre-Tax Income	0.80	0.14	2.48	2.56	2.79	3.58	3.21	0.56	1.77	1.44	-6.68
Total Operating Income	0.94	-0.47	2.49	2.37	2.62	3.47	3.28	0.36	1.71	1.27	-6.35
Total Gross Profit	4.33	3.10	6.28	6.70	7.62	8.29	7.50	5.08	6.54	6.63	0.15
Total Revenue	14	14	16	15	16	19	20	14	17	17	15
Operating Revenue	14	14	16	15	16	19	20	14	17	17	15
Total Cost of Revenue	9.25	11	9.30	8.38	8.20	11	12	8.73	11	10	15
Operating Cost of Revenue	9.25	11	9.30	8.38	8.20	11	12	8.73	11	10	15
Total Operating Expenses	3.39	3.58	3.79	4.33	5.00	4.82	4.22	4.72	4.82	5.36	6.50
Selling, General & Admin Expense	2.55	2.62	2.71	2.85	3.39	3.38	2.68	3.59	3.62	3.59	4.60
Research & Development Expense	0.84	0.96	1.08	1.49	1.61	1.44	1.54	1.13	1.20	1.76	1.90
Total Other Income / (Expense), net	-0.14	0.61	-0.02	0.20	0.18	0.11	-0.07	0.19	0.06	0.17	-0.33
Interest Expense	0.03	0.03	0.02	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02
Interest & Investment Income	-0.11	0.64	0.01	0.22	0.20	0.14	-0.05	0.22	0.15	0.19	0.11
Other Income / (Expense), net	0.00	0.00	-	0.00	-0.00	0.00	-	-0.00	-0.08	0.00	-0.42
Income Tax Expense	0.01	0.01	-0.15	0.13	0.14	-12	0.01	-0.08	-0.03	-0.13	-1.77
Basic Earnings per Share	$0.08	$0.01	$0.28	$0.25	$0.28	$1.60	$0.33	$0.07	$0.18	$0.16	($0.50)
Weighted Average Basic Shares Outstanding	9.40M	9.44M	9.54M	9.54M	9.59M	9.63M	9.61M	9.72M	9.76M	9.80M	9.78M
Diluted Earnings per Share	$0.08	$0.01	$0.28	$0.25	$0.28	$1.60	$0.33	$0.07	$0.18	$0.16	($0.50)
Weighted Average Diluted Shares Outstanding	9.40M	9.44M	9.54M	9.54M	9.59M	9.63M	9.61M	9.72M	9.76M	9.80M	9.78M
Weighted Average Basic & Diluted Shares Outstanding	9.42M	9.44M	9.43M	9.57M	9.61M	9.68M	0.00	9.75M	9.78M	9.84M	9.87M

This table details how cash moves in and out of Frequency Electronics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025	4/30/2026
Net Change in Cash & Equivalents	-1.14	-7.58	5.13	-4.76	0.13	6.00	1.75	0.49	7.22	-13	-3.15
Net Cash From Operating Activities	2.92	3.89	4.53	-0.10	-1.41	12	4.04	1.18	8.71	-1.43	1.28
Net Cash From Continuing Operating Activities	2.78	3.51	3.29	-3.18	-1.41	12	4.04	1.18	8.71	-1.43	1.28
Net Income / (Loss) Continuing Operations	1.01	-4.92	-22	-2.53	-10	0.68	-8.66	-5.50	5.59	24	-0.90
Consolidated Net Income / (Loss)	1.01	-4.82	-24	-2.53	-10	0.68	-8.66	-5.50	5.59	24	-0.90
Depreciation Expense	2.50	2.64	2.48	2.80	3.32	3.30	3.03	2.43	2.12	2.06	1.89
Amortization Expense	-	-	-	-	-	-	-	-	-	1.90	2.46
Non-Cash Adjustments To Reconcile Net Income	1.70	7.45	7.96	6.97	3.57	-3.80	12	-1.21	0.73	-3.53	7.74
Changes in Operating Assets and Liabilities, net	-2.27	-4.29	15	-7.34	1.73	12	-2.11	5.45	0.26	-26	-9.90
Net Cash From Investing Activities	-3.53	-1.45	0.34	-4.66	-3.43	-1.19	-2.28	8.67	-1.49	-1.81	-2.86
Net Cash From Continuing Investing Activities	-3.35	-1.41	0.29	-4.66	-3.43	-1.19	-2.28	8.67	-1.49	-1.81	-2.86
Purchase of Property, Plant & Equipment	-3.26	-5.23	-1.42	-2.77	-1.48	-1.24	-1.86	-0.92	-1.49	-1.81	-2.86
Net Cash From Financing Activities	0.14	-6.67	0.00	0.00	4.97	-4.97	0.00	-9.35	0.00	-9.94	-1.57
Net Cash From Continuing Financing Activities	0.14	-6.67	0.00	0.00	4.97	-4.97	0.00	-9.35	0.00	-9.94	-1.57
Repurchase of Common Equity	-	-	-	-	-	-	-	-	0.00	-0.38	-1.57
Payment of Dividends	-	-	-	-	-	-	0.00	-9.35	0.00	-9.57	0.00
Cash Interest Paid	0.13	0.15	0.08	0.08	0.10	0.12	0.08	0.13	0.11	0.10	0.09
Cash Income Taxes Paid	1.31	0.34	0.33	0.00	0.47	0.00	0.02	0.01	0.01	0.37	0.35

This table details how cash moves in and out of Frequency Electronics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Change in Cash & Equivalents	-0.35	3.90	6.66	-1.85	-6.38	-4.17	-0.79	-0.20	-1.51	-2.90	1.46
Net Cash From Operating Activities	-0.18	4.21	7.48	-1.46	3.87	-3.63	-0.16	1.16	-0.52	-1.42	2.06
Net Cash From Continuing Operating Activities	-0.18	4.21	7.48	-1.46	3.87	-3.63	-0.16	1.16	-0.52	-1.42	2.06
Net Income / (Loss) Continuing Operations	0.80	0.13	2.63	2.43	2.65	15	3.20	0.63	1.80	1.57	-4.91
Consolidated Net Income / (Loss)	0.80	0.13	2.63	2.43	2.65	15	3.20	0.63	1.80	1.57	-4.91
Non-Cash Adjustments To Reconcile Net Income	0.73	0.89	-2.35	1.33	1.27	-10	4.06	1.27	1.39	1.62	3.47
Changes in Operating Assets and Liabilities, net	-1.71	3.19	5.08	-5.22	-0.05	-8.86	-9.47	-0.74	-3.71	-4.60	-0.85
Net Cash From Investing Activities	-0.17	-0.31	-0.82	-0.33	-0.52	-0.33	-0.63	-0.78	-0.61	-0.87	-0.61
Net Cash From Continuing Investing Activities	-0.17	-0.31	-0.82	-0.33	-0.52	-0.33	-0.63	-0.78	-0.61	-0.87	-0.61
Purchase of Property, Plant & Equipment	-0.17	-0.31	-0.82	-0.33	-0.52	-0.33	-0.63	-0.78	-0.61	-0.87	-0.61
Cash Interest Paid	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02
Cash Income Taxes Paid	0.01	0.00	-	0.01	0.04	0.27	0.06	0.00	0.33	-	0.02

This table presents Frequency Electronics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025	4/30/2026
Total Assets	122	113	84	87	91	99	85	74	83	94	91
Total Current Assets	86	70	52	53	51	61	56	48	58	53	48
Cash & Equivalents	5.82	2.16	7.87	3.68	3.81	9.81	12	12	18	4.72	1.60
Accounts Receivable	20	19	4.27	6.36	4.39	5.52	4.29	4.62	4.61	5.91	4.74
Inventories, net	36	29	26	23	23	20	20	21	23	23	23
Prepaid Expenses	1.06	1.11	1.05	3.08	1.71	0.99	1.16	1.07	1.20	1.07	1.52
Current Deferred & Refundable Income Taxes	-	2.61	-	-	0.85	0.44	0.27	0.03	0.04	0.00	0.22
Other Current Assets	3.21	-	6.55	6.67	6.95	14	8.86	10	11	18	17
Plant, Property, & Equipment, net	12	15	14	13	11	9.61	8.56	7.09	6.44	6.19	7.11
Total Noncurrent Assets	24	29	17	21	29	28	20	19	19	34	36
Goodwill	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.22
Noncurrent Deferred & Refundable Income Taxes	7.70	12	-	-	-	-	-	-	0.00	12	14
Other Noncurrent Operating Assets	15	16	17	20	28	27	20	18	18	22	21
Total Liabilities & Shareholders' Equity	122	113	84	87	91	99	85	74	83	94	91
Total Liabilities	29	24	20	24	37	43	38	42	43	38	34
Total Current Liabilities	10	8.11	5.26	5.84	14	21	22	27	31	23	21
Accounts Payable	3.17	2.44	1.84	1.19	1.42	1.08	1.08	1.46	2.35	1.36	2.98
Accrued Expenses	4.48	3.43	3.42	3.57	4.69	5.25	3.70	3.93	4.77	5.90	6.48
Current Deferred Revenue	-	-	-	-	-	13	11	19	22	14	9.42
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	0.00	0.10	0.00
Other Current Liabilities	-	-	-	0.00	2.62	1.77	5.99	3.30	2.04	2.49	2.11
Total Noncurrent Liabilities	19	16	15	18	23	23	16	14	13	15	13
Noncurrent Employee Benefit Liabilities	12	13	14	14	14	14	8.73	8.31	8.09	7.93	7.66
Other Noncurrent Operating Liabilities	0.10	1.41	1.52	1.38	9.79	8.49	7.47	6.01	4.55	6.73	5.66
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	93	89	63	63	54	55	47	33	40	56	56
Total Preferred & Common Equity	93	89	63	63	54	55	47	33	40	56	56
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	93	89	63	63	54	55	47	33	40	56	56
Common Stock	65	65	66	66	66	67	67	59	60	52	55
Retained Earnings	29	24	-0.07	-2.11	-12	-11	-20	-26	-20	3.66	2.76
Treasury Stock	-1.89	-1.59	-1.36	-0.84	-0.20	-0.01	-0.01	-0.00	-0.00	-0.23	-1.78

This table presents Frequency Electronics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	7/31/2024	10/31/2024	1/31/2025	7/31/2025	10/31/2025	1/31/2026
Total Assets	76	75	78	84	78	86	93	92	94
Total Current Assets	50	50	52	59	53	50	52	51	53
Cash & Equivalents	9.06	8.71	12	16	9.70	5.52	4.51	2.99	0.09
Accounts Receivable	6.39	3.78	5.41	5.92	4.09	3.87	7.44	6.07	11
Inventories, net	23	23	23	24	25	25	25	25	26
Prepaid Expenses	1.16	1.64	1.25	1.98	1.58	1.29	1.41	1.45	0.99
Current Deferred & Refundable Income Taxes	0.03	0.03	0.02	0.00	0.01	0.05	-	0.23	0.23
Other Current Assets	11	12	11	11	12	14	14	16	15
Plant, Property, & Equipment, net	6.78	6.44	6.23	6.30	6.27	6.14	6.49	6.60	6.96
Total Noncurrent Assets	19	19	19	19	19	30	34	35	35
Goodwill	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	12	12	12	12
Other Noncurrent Operating Assets	18	18	19	18	18	18	22	22	22
Total Liabilities & Shareholders' Equity	76	75	78	84	78	86	93	92	94
Total Liabilities	41	38	41	51	42	35	37	34	34
Total Current Liabilities	27	25	28	39	30	23	23	20	20
Accounts Payable	1.21	1.25	1.72	1.55	1.33	1.22	1.10	1.42	3.26
Accrued Expenses	3.97	4.05	4.53	4.94	3.98	5.01	6.21	5.02	4.84
Current Deferred Revenue	-	-	18	21	23	15	13	11	9.89
Current Deferred & Payable Income Tax Liabilities	-	-	-	0.08	0.00	-	0.10	0.00	0.00
Other Current Liabilities	22	20	3.40	1.70	1.55	1.42	2.20	2.13	2.20
Total Noncurrent Liabilities	14	13	13	12	12	12	14	14	14
Noncurrent Employee Benefit Liabilities	8.27	8.23	8.19	8.05	8.01	7.94	7.88	7.82	7.78
Other Noncurrent Operating Liabilities	0.13	0.13	4.85	4.30	4.04	3.79	6.29	6.32	5.99
Total Equity & Noncontrolling Interests	35	36	37	33	36	52	56	58	60
Total Preferred & Common Equity	35	36	37	33	36	52	56	58	60
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	35	36	37	33	36	52	56	58	60
Common Stock	59	59	59	51	51	52	53	54	54
Retained Earnings	-24	-23	-23	-18	-15	0.46	4.29	6.09	7.66
Treasury Stock	-0.00	-0.00	-0.00	-0.07	-0.17	-0.35	-0.81	-1.19	-1.79

This table displays calculated financial ratios and metrics derived from Frequency Electronics' official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	4/30/2016	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025	4/30/2026
DEI Shares Outstanding	8,406,953.00	8,406,953.00	8,729,682.00	8,729,682.00	9,107,558.00	9,199,625.00	9,283,652.00	9,353,440.00	-	9,487,342.00	9,841,927.00
DEI Adjusted Shares Outstanding	8,406,953.00	8,406,953.00	8,729,682.00	8,729,682.00	9,107,558.00	9,199,625.00	9,283,652.00	9,353,440.00	-	9,487,342.00	9,841,927.00
DEI Earnings Per Adjusted Shares Outstanding	0.01	-0.54	-3.09	-0.29	-1.05	0.05	-1.01	-0.54	-	2.50	-0.09
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-27.62%	-9.14%	-21.74%	25.64%	-16.16%	30.71%	-10.98%	-15.57%	35.55%	26.30%	-9.43%
EBITDA Growth	-17.70%	-188.68%	-107.92%	101.19%	-7,386.55%	139.74%	-244.02%	55.05%	419.86%	93.16%	-94.56%
EBIT Growth	-19.76%	-355.16%	-67.57%	78.47%	-346.89%	101.21%	-5,608.97%	41.60%	207.44%	134.02%	-129.79%
NOPAT Growth	-27.44%	-417.05%	-64.72%	77.27%	-287.72%	82.10%	-311.13%	41.88%	257.12%	345.32%	-109.18%
Net Income Growth	-64.44%	-579.70%	-393.20%	89.36%	-296.44%	106.78%	-1,373.97%	36.50%	201.69%	323.42%	-103.81%
EPS Growth	-65.63%	-600.00%	-389.09%	89.59%	-292.86%	106.36%	-1,428.57%	36.56%	200.00%	316.95%	-103.66%
Operating Cash Flow Growth	55.31%	33.01%	16.59%	-102.14%	-1,350.52%	964.04%	-66.80%	-70.89%	641.11%	-116.40%	189.78%
Free Cash Flow Firm Growth	306.54%	-165.38%	599.88%	-135.37%	109.11%	1,468.47%	-44.90%	-76.54%	324.35%	-245.59%	7.99%
Invested Capital Growth	-4.14%	-2.67%	-33.53%	7.61%	-15.41%	-21.27%	-28.69%	-17.19%	3.16%	136.79%	7.66%
Revenue Q/Q Growth	-15.24%	15.36%	-17.68%	12.98%	-6.58%	11.06%	-10.19%	7.50%	4.88%	6.74%	-6.77%
EBITDA Q/Q Growth	232.70%	-294.09%	28.64%	103.14%	10.66%	161.75%	-469.15%	79.71%	144.55%	25.93%	-86.98%
EBIT Q/Q Growth	79.16%	-510.67%	10.88%	29.15%	-23.53%	102.60%	-816.06%	57.58%	71.76%	7.15%	-153.35%
NOPAT Q/Q Growth	188.68%	-484.69%	11.63%	28.48%	-14.47%	58.54%	-300.70%	57.52%	80.91%	3.22%	-130.70%
Net Income Q/Q Growth	-3.74%	-223.34%	-61.84%	80.06%	-6.58%	118.31%	-2,065.75%	56.33%	74.00%	2.47%	-112.54%
EPS Q/Q Growth	0.00%	-223.53%	-61.08%	80.56%	-6.80%	117.50%	-1,760.00%	55.97%	78.79%	2.07%	-112.16%
Operating Cash Flow Q/Q Growth	-37.29%	11.50%	-15.21%	87.27%	-428.74%	39.96%	-40.59%	-41.66%	1,822.30%	-123.00%	237.26%
Free Cash Flow Firm Q/Q Growth	410.61%	-67.98%	31.39%	-248.62%	1,319.20%	7.90%	39.83%	-75.93%	269.05%	-859.02%	14.23%
Invested Capital Q/Q Growth	-6.52%	-10.15%	-18.38%	-1.38%	-4.82%	-2.59%	-20.38%	6.75%	-14.05%	9.89%	-8.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.78%	22.34%	13.10%	31.89%	13.85%	31.19%	17.80%	19.25%	33.62%	43.11%	29.10%
EBITDA Margin	9.77%	-9.53%	-25.33%	0.24%	-20.89%	6.35%	-10.28%	-5.47%	12.91%	19.74%	1.35%
Operating Margin	4.45%	-14.95%	-31.45%	-5.69%	-26.31%	-1.77%	-16.64%	-11.46%	9.08%	16.81%	-4.75%
EBIT Margin	5.26%	-14.77%	-31.63%	-5.42%	-28.89%	0.27%	-16.54%	-11.44%	9.07%	16.80%	-5.53%
Profit (Net Income) Margin	1.81%	-9.57%	-60.34%	-5.11%	-24.16%	1.25%	-17.94%	-13.49%	10.12%	33.93%	-1.43%
Tax Burden Percent	30.70%	68.49%	210.88%	102.26%	85.20%	142.86%	100.01%	101.36%	102.38%	195.04%	31.05%
Interest Burden Percent	112.32%	94.64%	90.46%	92.17%	98.15%	328.28%	108.44%	116.33%	109.02%	103.54%	83.23%
Effective Tax Rate	32.68%	0.00%	0.00%	0.00%	0.00%	-42.86%	0.00%	0.00%	-2.38%	-95.04%	0.00%
Return on Invested Capital (ROIC)	2.14%	-7.01%	-14.07%	-3.86%	-15.63%	-3.42%	-18.62%	-14.22%	24.28%	63.21%	-3.97%
ROIC Less NNEP Spread (ROIC-NNEP)	6.57%	-9.76%	89.12%	0.76%	8.77%	-17.29%	-4.03%	-0.93%	21.28%	56.24%	-41.86%
Return on Net Nonoperating Assets (RNNOA)	-1.05%	1.74%	-17.09%	-0.15%	-1.46%	4.66%	1.65%	0.39%	-8.89%	-13.58%	2.36%
Return on Equity (ROE)	1.09%	-5.28%	-31.16%	-4.00%	-17.09%	1.24%	-16.97%	-13.83%	15.39%	49.64%	-1.61%
Cash Return on Invested Capital (CROIC)	6.36%	-4.31%	26.21%	-11.18%	1.06%	20.39%	14.89%	4.59%	21.16%	-18.02%	-11.35%
Operating Return on Assets (OROA)	2.43%	-6.32%	-12.66%	-3.15%	-13.47%	0.15%	-8.72%	-5.86%	6.35%	13.25%	-3.79%
Return on Assets (ROA)	0.84%	-4.09%	-24.15%	-2.97%	-11.26%	0.72%	-9.45%	-6.91%	7.09%	26.77%	-0.98%
Return on Common Equity (ROCE)	1.09%	-5.28%	-31.16%	-4.00%	-17.09%	1.24%	-16.97%	-13.83%	15.39%	49.64%	-1.61%
Return on Equity Simple (ROE_SIMPLE)	1.08%	-5.40%	-37.59%	-4.01%	-18.49%	1.23%	-18.56%	-16.73%	14.05%	42.59%	0.00%
Net Operating Profit after Tax (NOPAT)	1.66	-5.27	-8.68	-1.97	-7.65	-1.37	-5.63	-3.27	5.14	23	-2.10
NOPAT Margin	3.00%	-10.46%	-22.02%	-3.98%	-18.42%	-2.52%	-11.65%	-8.02%	9.30%	32.78%	-3.32%
Net Nonoperating Expense Percent (NNEP)	-4.43%	2.75%	-103.19%	-4.62%	-24.40%	13.87%	-14.58%	-13.29%	3.00%	6.98%	37.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	41.14%	-3.72%
Cost of Revenue to Revenue	65.22%	77.66%	86.90%	68.11%	86.15%	68.81%	82.20%	80.75%	66.38%	56.89%	70.90%
SG&A Expenses to Revenue	20.53%	23.63%	26.92%	24.44%	27.93%	24.31%	24.15%	22.98%	18.42%	17.60%	24.36%
R&D to Revenue	9.80%	13.66%	17.64%	13.14%	12.23%	8.64%	10.30%	7.72%	6.12%	8.70%	9.48%
Operating Expenses to Revenue	30.33%	37.29%	44.56%	37.58%	40.16%	32.95%	34.45%	30.71%	24.54%	26.31%	33.84%
Earnings before Interest and Taxes (EBIT)	2.92	-7.44	-12	-2.68	-12	0.15	-7.99	-4.67	5.01	12	-3.49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.41	-4.80	-9.98	0.12	-8.67	3.45	-4.96	-2.23	7.14	14	0.85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.96	1.32	1.34	1.41	1.28	1.72	2.11	0.00	8.75
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.97	1.33	1.35	1.43	1.30	1.75	2.15	0.00	8.79
Price to Revenue (P/Rev)	0.00	0.00	1.55	1.68	1.75	1.44	1.24	1.38	1.52	0.00	7.81
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	162.78	0.00	0.00	15.03	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.58%	0.00%	5.38%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.61%	0.00%	0.00%	6.65%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.95	1.35	1.41	1.65	1.52	2.13	3.06	0.00	8.98
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.19	1.44	1.52	1.07	0.79	1.09	1.19	0.00	7.78
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	600.64	0.00	16.88	0.00	0.00	9.22	0.00	576.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	401.21	0.00	0.00	13.12	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.80	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	10.35	0.00	0.00	4.79	9.45	37.77	7.55	0.00	383.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.90	0.00	121.10	7.12	8.48	42.04	14.68	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.00	0.00	0.00	0.09	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.16	-0.18	-0.19	-0.19	-0.17	-0.27	-0.41	-0.42	-0.42	-0.24	-0.06
Leverage Ratio	1.30	1.29	1.29	1.35	1.52	1.73	1.80	2.00	2.17	1.85	1.65
Compound Leverage Factor	1.46	1.22	1.17	1.24	1.49	5.68	1.95	2.33	2.37	1.92	1.37
Debt to Total Capital	6.04%	0.00%	0.00%	0.00%	8.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	8.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.96%	100.00%	100.00%	100.00%	91.61%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	1.11	0.00	0.00	0.00	-0.57	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-2.02	0.00	0.00	0.00	1.09	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	1.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	3.61	0.00	0.00	0.00	-0.65	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-6.58	0.00	0.00	0.00	1.23	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	3.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	2.45	3.19	1.50	1.98	1.35	1.01	2.08	0.00	9.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.33	8.61	9.91	9.03	3.74	2.97	2.56	1.77	1.89	2.26	2.29
Quick Ratio	3.54	3.57	3.48	3.13	1.37	1.24	1.18	0.61	0.74	0.45	0.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.95	-3.23	16	-5.72	0.52	8.17	4.50	1.06	4.48	-6.52	-6.00
Operating Cash Flow to CapEx	89.58%	74.30%	319.68%	-3.51%	-94.88%	981.19%	216.99%	128.00%	583.65%	-78.98%	44.84%
Free Cash Flow to Firm to Interest Expense	37.75	-21.56	204.60	-68.88	4.87	64.29	58.43	6.77	41.10	-62.71	-68.97
Operating Cash Flow to Interest Expense	22.31	25.92	57.38	-1.17	-13.15	95.72	52.42	7.53	79.89	-13.73	14.74
Operating Cash Flow Less CapEx to Interest Expense	-2.60	-8.97	39.43	-34.51	-27.01	85.97	28.26	1.65	66.20	-31.12	-18.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.43	0.40	0.58	0.47	0.57	0.53	0.51	0.70	0.79	0.69
Accounts Receivable Turnover	2.63	2.62	3.39	9.32	7.72	10.95	9.85	9.15	11.97	13.26	11.87
Inventory Turnover	0.97	1.20	1.24	1.36	1.54	1.75	2.01	1.63	1.67	1.69	1.94
Fixed Asset Turnover	4.43	3.71	2.72	3.65	3.42	5.20	5.31	5.21	8.17	11.06	9.51
Accounts Payable Turnover	14.80	13.96	16.01	22.26	27.38	29.82	36.76	25.89	19.25	21.43	20.67
Days Sales Outstanding (DSO)	138.85	139.52	107.53	39.18	47.28	33.33	37.05	39.89	30.49	27.52	30.75
Days Inventory Outstanding (DIO)	376.30	304.92	294.38	268.13	236.37	208.34	181.90	224.09	218.64	215.61	187.69
Days Payable Outstanding (DPO)	24.67	26.15	22.80	16.39	13.33	12.24	9.93	14.10	18.96	17.04	17.66
Cash Conversion Cycle (CCC)	490.48	418.29	379.11	290.92	270.32	229.42	209.03	249.88	230.17	226.09	200.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	76	74	49	53	45	35	25	21	21	51	55
Invested Capital Turnover	0.71	0.67	0.64	0.97	0.85	1.35	1.60	1.77	2.61	1.93	1.20
Increase / (Decrease) in Invested Capital	-3.28	-2.03	-25	3.75	-8.17	-9.53	-10	-4.33	0.66	29	3.90
Enterprise Value (EV)	0.00	0.00	47	71	63	58	38	44	66	0.00	492
Market Capitalization	0.00	0.00	61	83	72	78	60	56	84	0.00	494
Book Value per Share	$10.70	$10.17	$7.25	$7.23	$5.96	$6.02	$5.03	$3.52	$4.20	$5.79	$5.73
Tangible Book Value per Share	$10.63	$10.10	$7.18	$7.16	$5.89	$5.96	$4.96	$3.45	$4.13	$5.72	$5.71
Total Capital	99	89	63	63	59	55	47	33	40	56	56
Total Debt	6.00	0.00	0.00	0.00	4.97	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	6.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-11	-9.98	-14	-12	-9.41	-20	-22	-12	-18	-4.72	-1.60
Capital Expenditures (CapEx)	3.26	5.23	1.42	2.77	1.48	1.24	1.86	0.92	1.49	1.81	2.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	59	52	33	35	28	20	13	8.98	9.01	25	25
Debt-free Net Working Capital (DFNWC)	76	62	47	47	43	41	34	21	27	30	27
Net Working Capital (NWC)	76	62	47	47	38	41	34	21	27	30	27
Net Nonoperating Expense (NNE)	0.66	-0.45	15	0.56	2.38	-2.05	3.04	2.23	-0.46	-0.80	-1.20
Net Nonoperating Obligations (NNO)	-17	-15	-14	-10	-9.41	-20	-22	-12	-18	-4.72	-1.60
Total Depreciation and Amortization (D&A)	2.50	2.64	2.48	2.80	3.32	3.30	3.03	2.43	2.12	2.06	4.35
Debt-free, Cash-free Net Working Capital to Revenue	105.79%	102.81%	83.23%	70.65%	67.77%	37.72%	26.14%	22.01%	16.29%	35.71%	40.16%
Debt-free Net Working Capital to Revenue	136.34%	122.63%	118.81%	94.65%	102.41%	74.80%	70.71%	51.56%	49.44%	42.47%	42.69%
Net Working Capital to Revenue	136.34%	122.63%	118.81%	94.65%	90.45%	74.80%	70.71%	51.56%	49.44%	42.47%	42.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.12	($0.55)	($2.69)	($0.28)	($1.10)	$0.07	$0.00	($0.59)	$0.59	$2.46	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	8.73M	8.79M	8.73M	9.00M	9.15M	9.18M	0.00	9.39M	9.54M	9.61M	9.78M
Adjusted Diluted Earnings per Share	$0.11	($0.55)	($2.69)	($0.28)	($1.10)	$0.07	$0.00	($0.59)	$0.59	$2.46	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	8.94M	8.79M	8.73M	9.00M	9.15M	9.25M	0.00	9.39M	9.54M	9.61M	9.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($2.69)	($0.28)	($1.10)	$0.07	$0.00	($0.59)	$0.59	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.73M	8.73M	8.84M	8.92M	9.07M	9.22M	0.00	9.39M	9.43M	0.00	9.87M
Normalized Net Operating Profit after Tax (NOPAT)	1.66	-5.27	-8.68	-1.97	-7.65	-0.67	-5.63	-3.27	3.51	8.21	-2.10
Normalized NOPAT Margin	3.00%	-10.46%	-22.02%	-3.98%	-18.42%	-1.24%	-11.65%	-8.02%	6.36%	11.76%	-3.32%
Pre Tax Income Margin	5.91%	-13.98%	-28.61%	-5.00%	-28.35%	0.88%	-17.94%	-13.31%	9.89%	17.40%	-4.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.25	-49.59	-157.77	-32.33	-112.06	1.14	-103.74	-29.90	45.98	112.78	-40.16
NOPAT to Interest Expense	12.68	-35.12	-109.83	-23.76	-71.45	-10.78	-73.07	-20.96	47.14	220.02	-24.15
EBIT Less CapEx to Interest Expense	-2.66	-84.47	-175.72	-65.66	-125.92	-8.61	-127.90	-35.79	32.29	95.39	-73.02
NOPAT Less CapEx to Interest Expense	-12.23	-70.00	-127.78	-57.10	-85.31	-20.53	-97.23	-26.85	33.45	202.64	-57.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-170.04%	0.00%	40.39%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-170.04%	0.00%	41.98%	-174.31%

This table displays calculated financial ratios and metrics derived from Frequency Electronics' official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
DEI Shares Outstanding	9,390,046.00	9,415,417.00	-	-	-	-	9,487,342.00	9,487,342.00	9,487,342.00	9,487,342.00	9,841,927.00
DEI Adjusted Shares Outstanding	9,390,046.00	9,415,417.00	-	-	-	-	9,487,342.00	9,487,342.00	9,487,342.00	9,487,342.00	9,841,927.00
DEI Earnings Per Adjusted Shares Outstanding	0.08	0.01	-	-	-	-	0.34	0.07	0.19	0.17	-0.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	51.69%	29.13%	19.79%	21.51%	16.54%	38.01%	28.31%	-8.39%	8.26%	-	-22.96%
EBITDA Growth	141.09%	-243.33%	534.61%	14.81%	179.00%	833.40%	31.52%	-84.69%	-37.37%	-	-306.38%
EBIT Growth	141.09%	-243.33%	534.61%	14.81%	179.00%	833.40%	31.52%	-84.69%	-37.37%	-	-306.38%
NOPAT Growth	158.26%	-298.74%	761.51%	9.22%	167.21%	3,400.62%	23.66%	-81.52%	-29.89%	-	-235.92%
Net Income Growth	134.44%	141.14%	967.07%	19.00%	233.00%	11,750.00%	21.79%	-73.91%	-32.14%	-	-253.43%
EPS Growth	132.00%	133.33%	1,300.00%	13.64%	250.00%	15,900.00%	17.86%	-72.00%	-35.71%	-	-251.52%
Operating Cash Flow Growth	-105.79%	74.28%	1,067.92%	45.73%	2,251.11%	-186.17%	-102.07%	179.63%	-113.73%	-	1,429.68%
Free Cash Flow Firm Growth	-193.69%	-148.26%	-57.15%	317.40%	182.27%	-7.47%	-1,416.53%	-440.05%	-414.10%	-	68.07%
Invested Capital Growth	54.07%	28.13%	3.16%	-15.99%	-18.91%	85.20%	136.79%	95.00%	109.34%	-	7.66%
Revenue Q/Q Growth	9.41%	1.02%	13.58%	-3.21%	4.93%	19.64%	5.60%	-30.90%	24.00%	-	-8.83%
EBITDA Q/Q Growth	-54.47%	-150.43%	627.27%	-5.17%	10.66%	32.56%	-5.45%	-88.96%	352.76%	-	-632.68%
EBIT Q/Q Growth	-54.47%	-150.43%	627.27%	-5.17%	10.66%	32.56%	-5.45%	-88.96%	352.76%	-	-632.68%
NOPAT Q/Q Growth	-54.65%	-148.56%	684.80%	-15.20%	10.95%	499.88%	-78.09%	-87.33%	320.94%	-	-421.58%
Net Income Q/Q Growth	-60.97%	-83.69%	1,919.23%	-7.43%	9.22%	480.44%	-79.25%	-80.17%	184.07%	-	-413.02%
EPS Q/Q Growth	-63.64%	-87.50%	2,700.00%	-10.71%	12.00%	471.43%	-79.38%	-78.79%	157.14%	-	-412.50%
Operating Cash Flow Q/Q Growth	93.57%	2,437.22%	77.85%	-120.32%	354.74%	-193.62%	95.72%	849.03%	-145.05%	-	245.45%
Free Cash Flow Firm Q/Q Growth	-213.75%	43.60%	133.41%	267.76%	18.73%	-173.67%	-309.25%	5.01%	-9.67%	-	33.01%
Invested Capital Q/Q Growth	3.31%	-23.46%	-14.05%	23.60%	-0.28%	74.83%	9.89%	1.78%	7.06%	-	-8.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.90%	22.63%	40.32%	44.43%	48.16%	43.77%	37.50%	36.79%	38.16%	-	0.99%
EBITDA Margin	6.91%	-3.45%	16.01%	15.69%	16.54%	18.33%	16.41%	2.62%	9.57%	-	-43.93%
Operating Margin	6.91%	-3.45%	16.01%	15.69%	16.55%	18.33%	16.41%	2.64%	10.01%	-	-41.23%
EBIT Margin	6.91%	-3.45%	16.01%	15.69%	16.54%	18.33%	16.41%	2.62%	9.57%	-	-43.93%
Profit (Net Income) Margin	5.87%	0.95%	16.85%	16.12%	16.78%	81.39%	16.00%	4.59%	10.52%	-	-31.85%
Tax Burden Percent	99.25%	95.59%	106.02%	94.81%	95.02%	430.19%	99.69%	113.82%	101.75%	-	73.48%
Interest Burden Percent	85.61%	-28.75%	99.28%	108.37%	106.73%	103.23%	97.77%	153.87%	107.99%	-	98.67%
Effective Tax Rate	0.75%	4.41%	-6.02%	5.19%	4.98%	-330.19%	0.31%	-13.82%	-1.75%	-	0.00%
Return on Invested Capital (ROIC)	12.63%	-7.80%	44.33%	29.62%	31.99%	144.59%	31.55%	5.25%	17.36%	-	-34.53%
ROIC Less NNEP Spread (ROIC-NNEP)	13.78%	-12.55%	44.45%	25.93%	29.49%	138.98%	32.18%	1.31%	16.46%	-	-19.96%
Return on Net Nonoperating Assets (RNNOA)	-4.16%	4.46%	-18.57%	-3.86%	-5.41%	-26.97%	-7.77%	-0.16%	-2.21%	-	1.13%
Return on Equity (ROE)	8.47%	-3.35%	25.76%	25.76%	26.59%	117.61%	23.78%	5.08%	15.15%	-	-33.40%
Cash Return on Invested Capital (CROIC)	-29.18%	-11.90%	21.16%	35.69%	44.18%	2.41%	-18.02%	-10.79%	-20.98%	-	-11.35%
Operating Return on Assets (OROA)	4.34%	-2.38%	11.22%	11.34%	13.06%	14.60%	12.95%	2.02%	7.86%	-	-30.12%
Return on Assets (ROA)	3.69%	0.65%	11.81%	11.66%	13.24%	64.85%	12.62%	3.55%	8.64%	-	-21.84%
Return on Common Equity (ROCE)	8.47%	-3.35%	25.76%	25.76%	26.59%	117.61%	23.78%	5.08%	15.15%	-	-33.40%
Return on Equity Simple (ROE_SIMPLE)	7.64%	8.77%	0.00%	18.02%	21.66%	44.59%	0.00%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	0.93	-0.45	2.64	2.24	2.49	15	3.27	0.41	1.74	1.38	-4.44
NOPAT Margin	6.86%	-3.30%	16.97%	14.87%	15.73%	78.85%	16.36%	3.00%	10.18%	-	-28.86%
Net Nonoperating Expense Percent (NNEP)	-1.15%	4.75%	-0.13%	3.69%	2.50%	5.61%	-0.63%	3.94%	0.90%	-	-14.57%
Return On Investment Capital (ROIC_SIMPLE)	2.25%	-1.23%	-	-	6.87%	28.79%	5.88%	0.74%	2.98%	2.29%	-7.88%
Cost of Revenue to Revenue	68.10%	77.37%	59.68%	55.57%	51.84%	56.23%	62.50%	63.21%	61.84%	-	99.01%
SG&A Expenses to Revenue	18.80%	19.10%	17.40%	18.87%	21.42%	17.86%	13.39%	25.96%	21.15%	-	29.89%
R&D to Revenue	6.19%	6.99%	6.91%	9.87%	10.20%	7.59%	7.70%	8.20%	7.00%	-	12.33%
Operating Expenses to Revenue	24.99%	26.08%	24.31%	28.74%	31.61%	25.45%	21.09%	34.16%	28.15%	-	42.22%
Earnings before Interest and Taxes (EBIT)	0.94	-0.47	2.49	2.37	2.62	3.47	3.28	0.36	1.64	1.27	-6.77
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.94	-0.47	2.49	2.37	2.62	3.47	3.28	0.36	1.64	1.27	-6.77
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.78	2.42	2.11	3.59	0.00	0.00	0.00	0.00	0.00	-	8.75
Price to Tangible Book Value (P/TBV)	1.81	2.46	2.15	3.66	0.00	0.00	0.00	0.00	0.00	-	8.79
Price to Revenue (P/Rev)	1.30	1.69	1.52	2.06	0.00	0.00	0.00	0.00	0.00	-	7.81
Price to Earnings (P/E)	17.20	21.12	15.03	19.91	0.00	0.00	0.00	0.00	0.00	-	0.00
Dividend Yield	14.52%	0.00%	0.00%	0.00%	7.92%	5.98%	5.38%	3.76%	0.00%	-	0.00%
Earnings Yield	5.81%	4.73%	6.65%	5.02%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.87	3.09	3.06	3.87	0.00	0.00	0.00	0.00	0.00	-	8.98
Enterprise Value to Revenue (EV/Rev)	1.23	1.46	1.19	1.78	0.00	0.00	0.00	0.00	0.00	-	7.78
Enterprise Value to EBITDA (EV/EBITDA)	16.44	26.45	9.22	19.33	0.00	0.00	0.00	0.00	0.00	-	576.87
Enterprise Value to EBIT (EV/EBIT)	16.44	26.45	13.12	19.33	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.94	27.17	12.80	19.32	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	170.36	7.55	10.30	0.00	0.00	0.00	0.00	0.00	-	383.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	14.68	9.91	0.00	0.00	0.00	0.00	0.00	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to Equity	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Financial Leverage	-0.30	-0.36	-0.42	-0.15	-0.18	-0.19	-0.24	-0.12	-0.13	-	-0.06
Leverage Ratio	2.04	2.22	2.17	2.34	2.11	1.85	1.85	1.98	1.80	-	1.65
Compound Leverage Factor	1.75	-0.64	2.15	2.54	2.25	1.91	1.81	3.05	1.94	-	1.62
Debt to Total Capital	12.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	12.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	87.61%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-	100.00%
Debt to EBITDA	1.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to EBITDA	-0.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to EBITDA	1.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	1.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to NOPAT	-0.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to NOPAT	1.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Altman Z-Score	1.68	1.92	1.98	2.18	0.00	0.00	0.00	0.00	0.00	-	9.49
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.99	1.86	1.89	1.53	1.79	2.19	2.26	2.30	2.59	-	2.29
Quick Ratio	0.50	0.61	0.74	0.57	0.47	0.41	0.45	0.53	0.46	-	0.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	-5.94	1.99	7.30	8.67	-6.39	-26	-25	-27	-12	-8.34
Operating Cash Flow to CapEx	-104.05%	1,352.73%	911.33%	-464.83%	743.19%	-1,101.82%	-24.56%	149.61%	-85.32%	-	340.66%
Free Cash Flow to Firm to Interest Expense	-363.31	-220.08	90.23	280.78	321.03	-245.61	-1,045.37	-1,079.33	-1,237.50	-	-397.35
Operating Cash Flow to Interest Expense	-6.21	155.81	340.09	-58.46	143.41	-139.42	-6.20	50.48	-23.77	-	98.14
Operating Cash Flow Less CapEx to Interest Expense	-12.17	144.30	302.77	-71.04	124.11	-152.08	-31.44	16.74	-51.64	-	69.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.69	0.70	0.72	0.79	0.80	0.79	0.77	0.82	-	0.69
Accounts Receivable Turnover	11.49	10.00	11.97	9.42	15.30	14.09	13.26	10.26	13.75	-	11.87
Inventory Turnover	1.53	1.66	1.67	1.60	1.50	1.50	1.69	1.63	1.69	-	1.94
Fixed Asset Turnover	6.80	7.55	8.17	8.86	9.47	10.57	11.06	10.71	10.85	-	9.51
Accounts Payable Turnover	24.32	22.18	19.25	27.13	28.34	24.84	21.43	30.26	30.88	-	20.67
Days Sales Outstanding (DSO)	31.77	36.50	30.49	38.76	23.86	25.90	27.52	35.58	26.54	-	30.75
Days Inventory Outstanding (DIO)	238.21	219.45	218.64	228.12	242.85	242.74	215.61	223.56	215.63	-	187.69
Days Payable Outstanding (DPO)	15.01	16.46	18.96	13.46	12.88	14.69	17.04	12.06	11.82	-	17.66
Cash Conversion Cycle (CCC)	254.97	239.48	230.17	253.43	253.83	253.94	226.09	247.08	230.35	-	200.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	33	25	21	27	26	46	51	52	55	60	55
Invested Capital Turnover	1.84	2.37	2.61	1.99	2.03	1.83	1.93	1.75	1.70	-	1.20
Increase / (Decrease) in Invested Capital	11	5.49	0.66	-5.06	-6.18	21	29	25	29	14	3.90
Enterprise Value (EV)	61	77	66	103	0.00	0.00	0.00	0.00	0.00	-	492
Market Capitalization	65	89	84	119	0.00	0.00	0.00	0.00	0.00	-	494
Book Value per Share	$3.86	$3.90	$4.20	$3.50	$3.78	$5.38	$5.79	$5.79	$5.99	$6.15	$5.73
Tangible Book Value per Share	$3.80	$3.83	$4.13	$3.43	$3.71	$5.32	$5.72	$5.73	$5.93	$6.09	$5.71
Total Capital	41	37	40	33	36	52	56	56	58	60	56
Total Debt	5.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	5.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-3.58	-12	-18	-16	-9.70	-5.52	-4.72	-4.51	-2.99	-0.09	-1.60
Capital Expenditures (CapEx)	0.17	0.31	0.82	0.33	0.52	0.33	0.63	0.78	0.61	0.87	0.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)	16	12	9.01	4.33	14	22	25	25	28	32	25
Debt-free Net Working Capital (DFNWC)	25	24	27	21	23	27	30	30	31	32	27
Net Working Capital (NWC)	25	24	27	21	23	27	30	30	31	32	27
Net Nonoperating Expense (NNE)	0.13	-0.58	0.02	-0.19	-0.17	-0.48	0.07	-0.22	-0.06	-0.18	0.46
Net Nonoperating Obligations (NNO)	-3.58	-12	-18	-6.63	-9.70	-5.52	-4.72	-4.51	-2.99	-0.09	-1.60
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	32.29%	23.52%	16.29%	7.47%	22.83%	33.29%	35.71%	36.64%	40.46%	-	40.16%
Debt-free Net Working Capital to Revenue	49.84%	45.65%	49.44%	35.43%	38.94%	41.72%	42.47%	43.22%	44.74%	-	42.69%
Net Working Capital to Revenue	49.84%	45.65%	49.44%	35.43%	38.94%	41.72%	42.47%	43.22%	44.74%	-	42.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.01	$0.28	$0.25	$0.28	$1.60	$0.33	$0.07	$0.18	$0.16	($0.50)
Adjusted Weighted Average Basic Shares Outstanding	9.42M	9.49M	9.54M	9.54M	9.59M	9.63M	9.61M	9.72M	9.76M	9.80M	9.78M
Adjusted Diluted Earnings per Share	$0.08	$0.01	$0.28	$0.25	$0.28	$1.60	$0.33	$0.07	$0.18	$0.16	($0.50)
Adjusted Weighted Average Diluted Shares Outstanding	9.42M	9.49M	9.54M	9.54M	9.59M	9.63M	9.61M	9.72M	9.76M	9.80M	9.78M
Adjusted Basic & Diluted Earnings per Share	$0.08	$0.01	$0.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.42M	9.44M	9.43M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.87M
Normalized Net Operating Profit after Tax (NOPAT)	0.93	-0.45	1.75	2.24	2.49	2.43	3.27	0.25	1.20	0.89	-4.44
Normalized NOPAT Margin	6.86%	-3.30%	11.21%	14.87%	15.73%	12.83%	16.36%	1.84%	7.01%	-	-28.86%
Pre Tax Income Margin	5.92%	0.99%	15.90%	17.00%	17.65%	18.92%	16.05%	4.03%	10.33%	-	-43.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	32.34	-17.52	113.36	90.96	96.93	133.42	131.20	15.74	74.50	-	-322.14
NOPAT to Interest Expense	32.10	-16.75	120.19	86.24	92.14	573.97	130.79	18.01	79.27	-	-211.63
EBIT Less CapEx to Interest Expense	26.38	-29.04	76.05	78.38	77.63	120.77	105.96	-18.00	46.64	-	-350.95
NOPAT Less CapEx to Interest Expense	26.14	-28.26	82.87	73.66	72.84	561.32	105.55	-15.73	51.41	-	-240.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	122.04%	41.39%	40.39%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	122.04%	41.39%	41.98%	4.10%	5.58%	-	-174.31%

Financials Breakdown Chart

Key Financial Trends

Frequency Electronics (NASDAQ: FEIM) showed a sharp reversal in its latest reported quarter, with revenue weakening and profits swinging to a sizable loss. While the company still generated positive operating cash flow in Q4 2026, the broader trend over the last four years shows significant volatility in earnings, working capital, and balance sheet structure.

Q4 2026 operating cash flow was positive at $2.1 million, showing the business can still generate cash from operations despite the reported loss.
The company ended Q3 2026 with $60.2 million in common equity, indicating it still has a meaningful equity base.
Q3 2026 returned to profitability with $1.6 million in net income, after a difficult prior quarter.
Gross margin improved materially in Q3 2026 versus prior periods, with gross profit of $6.6 million on $16.9 million in revenue.
Over the last several quarters, FEIM has continued to spend on R&D and capex, which could support future product development and capacity.
Revenue has been volatile, ranging from $12.4 million in Q1 2024 to $19.9 million in Q4 2025, before slipping to $15.4 million in Q4 2026.
Share count has been relatively stable, with weighted average basic shares around 9.7 million in recent quarters.
The balance sheet still shows substantial deferred revenue and other operating liabilities, which can support future revenue recognition but also reflects a complex working-capital profile.
Q4 2026 posted a $4.9 million net loss, or -$0.50 per share, a sharp deterioration from the prior quarter’s profit.
Operating income in Q4 2026 was deeply negative at -$6.3 million, as gross profit collapsed to only $152,000 against $6.5 million of operating expenses.
Cost of revenue in Q4 2026 nearly matched revenue, implying extremely weak near-term profitability and poor absorption of fixed costs.
Cash from operations weakened sharply in the recent history: Q3 2026 was -$1.4 million, Q2 2026 was -$0.5 million, and Q1 2026 was $1.2 million, showing inconsistent cash generation.
Current assets declined from $52.6 million in Q3 2026 to $52.3 million in Q1 2026, while cash fell from $4.5 million to $0.09 million in Q3 2026, suggesting liquidity can tighten quickly.
Retained earnings fell from -$17.6 million in Q1 2025 to $4.3 million in Q1 2026 and then to $7.7 million in Q3 2026, reflecting substantial earnings volatility rather than steady accumulation.

Bottom line: FEIM’s long-term picture is mixed. The company has shown it can produce profitable quarters and positive operating cash flow, but results have become highly inconsistent, with the latest quarter marked by a steep revenue and profit decline. Investors will likely want to see whether management can restore margin stability and avoid another working-capital-driven cash squeeze.

07/27/26 11:12 PM ETAI Generated. May Contain Errors.

Frequency Electronics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Frequency Electronics' financial year ends in April. Their financial year 2026 ended on April 30, 2026.

Frequency Electronics' net income appears to be on a downward trend, with a most recent value of -$903 thousand in 2026, falling from $1.01 million in 2016. The previous period was $23.69 million in 2025. See Frequency Electronics' forecast for analyst expectations on what's next for the company.

Frequency Electronics' total operating income in 2026 was -$3.00 million, based on the following breakdown:

Total Gross Profit: $18.40 million
Total Operating Expenses: $21.40 million

Over the last 10 years, Frequency Electronics' total revenue changed from $55.42 million in 2016 to $63.23 million in 2026, a change of 14.1%.

Frequency Electronics' total liabilities were at $34.30 million at the end of 2026, a 10.0% decrease from 2025, and a 19.0% increase since 2016.

In the past 10 years, Frequency Electronics' cash and equivalents has ranged from $1.60 million in 2026 to $18.32 million in 2024, and is currently $1.60 million as of their latest financial filing in 2026.

Over the last 10 years, Frequency Electronics' book value per share changed from 10.70 in 2016 to 5.73 in 2026, a change of -46.4%.

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Financial statements for NASDAQ:FEIM last updated on 7/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Frequency Electronics (FEIM) Financials

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Frequency Electronics (FEIM) Financials

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