Boxlight vs Frequency Electronics
Boxlight is the larger business, with $109m of revenue in fiscal 2025 against $63.2m for Frequency Electronics (1.7 times as much). Frequency Electronics grew faster (-9.4% against -19.6%). Frequency Electronics kept more of each dollar of sales as profit: a net margin of -1.4% against -21.8%. Frequency Electronics carries less debt relative to equity (0.0% against 2822.7%).
| Latest fiscal year | BoxlightBOXL, 2025 | Frequency ElectronicsFEIM, 2026 |
|---|---|---|
| Revenue | $109m | $63.2m |
| Revenue growth | -19.6% | -9.4% |
| Net income | −$23.8m | −$903,000 |
| Operating margin | -15.0% | -4.7% |
| Net margin | -21.8% | -1.4% |
| Return on equity | — | -1.6% |
| Free cash flow | −$3.4m | −$1.6m |
| Cash | $9.4m | $1.6m |
| Total debt | $35.4m | $0 |
| Debt to equity | 2822.7% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $1.6m |
| Employees | — | 242 |
| Market value | $1.3m | $724m |
| Price vs our value range | — | Above our value range |
| Moat score | 25 (Weak) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 12 sales | 0 buys, 2 sales |