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Frequency Electronics Inc (FEIM) stock

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NASDAQ: FEIM Nasdaq Electronic Equipment & Instruments Next results ~December 10, 2026

B Fundamentals grade

Frequency Electronics Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in April.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$13

Cash-flow model

Base case. Range ~$11–$16 across our lower- and higher-growth cases (6.9%–16.9% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 80% below it.

Price used: $65.78, November 2, 2026

Frequency Electronics Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds82 adding, 55 cuttingOf 20 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Frequency Electronics files

Where Frequency Electronics stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $73m, up 6.3% on a year earlier, against a decline of 9.4% a quarter earlier. Free-cash-flow margin rose to -0.3% from -1.6% a year earlier. Operating margin narrowed to 2.5% from 14.2%. The diluted share count is up 2.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 3 financial-health checks.

Source: 10-Q filed September 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 10, 2026 (estimated)

Frequency Electronics Inc's trailing-twelve-month revenue grew 6.3% year on year, with a free-cash-flow margin of -0.3%. Where it stands out: days sales outstanding of 31 days ranks 2 of 52 electronic equipment & instruments companies we cover.

Our discounted-cash-flow model values the business at ~$13 per share in the base case (~$11–$16 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 82.7% while net income fell 87.8%: a 171pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 15.7 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.1bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 23.1% over 90 days.

Things to watch

  • Priced above our value. The share price of $65.78 is 80% above our value per share of $13.
  • Margins narrowing. Operating margin is down 11.7 points on a year ago.
  • Burning cash. Free cash flow was -0.3% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.6% in a year.
  • High earnings multiple. The shares trade at 243 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 96% and a beta of 2.9 against the S&P 500.

Latest results: FY2027 Q1

Filed September 14, 2026
Earnings per share
$0.41 against an average estimate of $0.15: beat by 173.3%
Revenue
$23m, up 69.8% on a year earlier
Share reaction
+38.9% in the first session after the results on September 10, 2026, against +0.2% for the S&P 500
Guidance given
annual revenue $150m (Fiscal 2029)
Next report
December 10, 2026; average EPS estimate $0.20

Frequency Electronics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-2.2%
  • 1 month-23.5%
  • This year+22.2%
  • 1 year+79.1%
  • 5 years+726.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$72.9M
Operating margin
2.5%
Net margin
3.7%
EPS (TTM, diluted)
$0.27

Growth

Revenue growth
+6.3%
Change in growth rate
+15.7 pts
Share count change
+2.6%

Cash

Free cash flow (TTM)
-$184,000
FCF margin
-0.3%

Earnings

Last results
September 10, 2026
Next results (est.)
December 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Shareholder vote
  3. Results
  4. Guidance
  5. Announcement
  6. Agreement
  7. Insider trade
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Frequency Electronics Inc valuation models and calculator

What the price is pricing in

The share price implies about 54.9% a year of cash-flow growth for five years.That is faster than the 8.6% a year revenue growth Frequency Electronics has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in54.9%
  • Last 12 months6.3%
  • 3 years a year17.4%
  • 5 years a year8.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($68.32, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$13
Price used
$68.32close November 3, 2026
Implied change
▼ 81%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Frequency Electronics Inc's free cash flow after stock-based pay with after-tax interest added back ($2.7M, FY2027 Q1 TTM), growing 16.1% and 13.8% in the next two years (forecasts, guidance and its record), then back to 11.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$11–~$16 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Frequency Electronics Inc's free cash flow after stock-based pay ( $2.7M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Frequency Electronics Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.17 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$13 ~$11–$16 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$5.2 ~$4.1–$7.9 Left out: out of range vs price (0.08x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$10 ~$6.8–$15 Left out: out of range vs price (0.15x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$9.9 ~$8.7–$12 Left out: out of range vs price (0.15x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$13 ~$11–$16 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Frequency Electronics Inc with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $9$10$12$14$17$21
8.5% $8$9$10$12$14$17
10% $8$9$9$11$12$14

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$8.03$8.32$6.98$9.55$7.96$8.51$6.43$6.04$8.86$18.60$50.16$65.78
Market value$72m$73m$62m$87m$74m$79m$60m$56m$84m$179m$491m$652m
+ Net debt (− = net cash)$182000−$2m−$8m−$4m$1m−$10m−$12m−$12m−$18m−$5m−$2m−$61m
Enterprise value$72m$71m$54m$84m$75m$69m$48m$44m$65m$174m$489m$591m
Multiples
Price / sales 1.3x1.5x1.6x1.8x1.8x1.5x1.2x1.4x1.5x2.6x7.8x8.9x
Price / earnings 71.4x————115.8x——14.9x7.6x—n/m
Price / free cash flow ——19.8x——7.2x27.4xn/m11.6x———
EV / EBITDA 14.5x————29.4x——9.1x12.6x—166.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

22 /100

Weak moat

How hard Frequency Electronics's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -1.9% of total assets over 10 years.

  • Pricing power 3 / 20

    Gross margin has been a median 29.3%, moving by 10.0 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -5.7%; its worst year was -32.5%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median 0.3% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 7.0% over five years.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (27 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 10, 2026, after the close. Analysts expect revenue of $18m and EPS of $0.20 (range $0.20 to $0.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.23 +1291% $83m +31%
Next $1.92 +56% $104m +26%

Next year's EPS estimate has moved +23.1% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.4% on 90 days ago. In the last 30 days, 1 analyst raised Frequency Electronics Inc's forecast and 0 cut it.

Consensus EPS forecast Frequency Electronics Inc, last 90 days
$0.50 $1.00 $1.50 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.14 Current fiscal year, 60 days ago: $1.14 Current fiscal year, 30 days ago: $0.93 Current fiscal year, 7 days ago: $0.93 Current fiscal year, Now: $1.23 $1.23 Next fiscal year, 90 days ago: $1.56 Next fiscal year, 60 days ago: $1.56 Next fiscal year, Now: $1.92 $1.92

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.14$1.56
60 days ago $1.14$1.56
30 days ago $0.93$1.92
7 days ago $0.93$0.00
Now $1.23$0.00

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.15 $0.41 +173.3%
Apr 2026 $0.27 −$0.11 −143.2%
Jan 2026 $0.30 $0.16 −47.5%
Oct 2025 $0.29 $0.18 −39.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 10, 2026
  • annual revenue Fiscal 2029 — Maintained
    “Further, this performance gives us increasing confidence in our ability to meet or exceed the $150 million or more in annual revenue that we previously guided to by Fiscal 2029, which ends April 30, 2029.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Frequency Electronics Inc's revenue by +16.1% next year and +13.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+21.1%, weight 45%) and the company's own record (+11.9%, weight 55%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 202622

Counts of recommendations published by analysts covering Frequency Electronics Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.1%
of tradable shares
Days to cover
2.86
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
67%
of shares
Held by insiders
11.5%
of shares
Employees
232
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +79.1%

$36.72 on October 31, 2025 to $65.78

ThenNowEffect
Revenue (last 12 months) $69m $73m +6.3%
Net margin 31.9% 3.7% −88.5%
P/E multiple 16.2x n/m +1401.6%
Share count 10m 10m −2.5%

Biggest factor: p/e multiple.

Last 3 years +843.7%

$6.97 on November 3, 2023 to $65.78

ThenNowEffect
Revenue (last 12 months) $45m $73m +62.0%
P/S multiple 1.4x 8.9x +517.1%
Share count 9m 10m −5.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FEIM−9%−29%+81%+83%+191%+22%
Industry peers (median)0%−38%+13%−1%−7%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FEIM33%25%75%67%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FEIM−28%−50%−10%−21%−32%−33%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 63% from January 31, 2019 to October 19, 2022. Getting back needed a 166% gain, reached on July 23, 2024, 643 days after the low.

Price behaviour

52-week range
$27.07 – $89.00
From 52-week high
−26.1%
vs 50-day average
−9.9%
vs 200-day average
+5.2%
Volatility (1 year)
96%
Beta vs S&P 500
2.87

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±18.9%
After a week
9 up, 3 down
typical move ±20.1%
After a month
11 up, 1 down
typical move ±23.3%
Results releasedNext dayS&P 500 next day5 days21 days
September 10, 2026 +38.9% +0.2% +31.7% +18.0%
July 15, 2026 −4.8% −0.1% +22.8% +32.5%
March 11, 2026 −13.8% −1.6% −21.5% +1.2%
December 11, 2025 +33.2% −0.8% +28.6% +72.9%
September 11, 2025 −16.9% +0.8% −5.6% +8.8%
July 10, 2025 −13.7% −0.1% −10.4% +29.8%
March 13, 2025 +12.8% +0.7% +20.8% +16.4%
December 10, 2024 +29.1% +0.5% +40.9% +27.1%
July 22, 2024 +46.1% +0.9% +48.9% +49.1%
March 14, 2024 −7.1% −0.9% +1.7% −7.1%
December 12, 2023 +0.8% +1.8% +0.1% +6.7%
September 14, 2023 +10.0% −0.4% +7.6% +10.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Frequency Electronics Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Frequency Electronics Inc
$40M $50M $60M $70M $80M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $49.6M Revenue (TTM), FY24 Q3: $52.7M Revenue (TTM), FY24 Q4: $55.3M Revenue (TTM), FY25 Q1: $57.9M Revenue (TTM), FY25 Q2: $60.2M Revenue (TTM), FY25 Q3: $65.4M Revenue (TTM), FY25 Q4: $69.8M Revenue (TTM), FY26 Q1: $68.5M Revenue (TTM), FY26 Q2: $69.9M Revenue (TTM), FY26 Q3: $67.8M Revenue (TTM), FY26 Q4: $63.2M Revenue (TTM), FY27 Q1: $72.9M $72.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $49.6M
FY24 Q3 $52.7M
FY24 Q4 $55.3M
FY25 Q1 $57.9M
FY25 Q2 $60.2M
FY25 Q3 $65.4M
FY25 Q4 $69.8M
FY26 Q1 $68.5M
FY26 Q2 $69.9M
FY26 Q3 $67.8M
FY26 Q4 $63.2M
FY27 Q1 $72.9M
Revenue growth, TTM YoY Frequency Electronics Inc
-20% 0% 20% 40% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 25.4% Revenue growth, TTM YoY, FY24 Q3: 38.9% Revenue growth, TTM YoY, FY24 Q4: 35.5% Revenue growth, TTM YoY, FY25 Q1: 28.8% Revenue growth, TTM YoY, FY25 Q2: 21.3% Revenue growth, TTM YoY, FY25 Q3: 24.1% Revenue growth, TTM YoY, FY25 Q4: 26.3% Revenue growth, TTM YoY, FY26 Q1: 18.3% Revenue growth, TTM YoY, FY26 Q2: 16.1% Revenue growth, TTM YoY, FY26 Q3: 3.7% Revenue growth, TTM YoY, FY26 Q4: -9.4% Revenue growth, TTM YoY, FY27 Q1: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 25.4%
FY24 Q3 38.9%
FY24 Q4 35.5%
FY25 Q1 28.8%
FY25 Q2 21.3%
FY25 Q3 24.1%
FY25 Q4 26.3%
FY26 Q1 18.3%
FY26 Q2 16.1%
FY26 Q3 3.7%
FY26 Q4 -9.4%
FY27 Q1 6.3%
Operating margin (TTM) Frequency Electronics Inc
-10% 0% 10% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 7.5% Operating margin (TTM), FY24 Q3: 5.5% Operating margin (TTM), FY24 Q4: 9.1% Operating margin (TTM), FY25 Q1: 9.2% Operating margin (TTM), FY25 Q2: 11.6% Operating margin (TTM), FY25 Q3: 16.7% Operating margin (TTM), FY25 Q4: 16.8% Operating margin (TTM), FY26 Q1: 14.2% Operating margin (TTM), FY26 Q2: 12.6% Operating margin (TTM), FY26 Q3: 9.8% Operating margin (TTM), FY26 Q4: -4.7% Operating margin (TTM), FY27 Q1: 2.5% 2.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 7.5%
FY24 Q3 5.5%
FY24 Q4 9.1%
FY25 Q1 9.2%
FY25 Q2 11.6%
FY25 Q3 16.7%
FY25 Q4 16.8%
FY26 Q1 14.2%
FY26 Q2 12.6%
FY26 Q3 9.8%
FY26 Q4 -4.7%
FY27 Q1 2.5%
FCF margin (TTM) Frequency Electronics Inc
-10% 0% 10% 20% 30% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: -3.8% FCF margin (TTM), FY24 Q3: -0.5% FCF margin (TTM), FY24 Q4: 13.1% FCF margin (TTM), FY25 Q1: 14.5% FCF margin (TTM), FY25 Q2: 20.0% FCF margin (TTM), FY25 Q3: 6.4% FCF margin (TTM), FY25 Q4: -4.6% FCF margin (TTM), FY26 Q1: -1.6% FCF margin (TTM), FY26 Q2: -7.9% FCF margin (TTM), FY26 Q3: -5.6% FCF margin (TTM), FY26 Q4: -2.5% FCF margin (TTM), FY27 Q1: -0.3% -0.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -3.8%
FY24 Q3 -0.5%
FY24 Q4 13.1%
FY25 Q1 14.5%
FY25 Q2 20.0%
FY25 Q3 6.4%
FY25 Q4 -4.6%
FY26 Q1 -1.6%
FY26 Q2 -7.9%
FY26 Q3 -5.6%
FY26 Q4 -2.5%
FY27 Q1 -0.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Apr 2011 2012 Apr 2012 2013 Apr 2013 2014 Apr 2014 2015 Apr 2015 2016 Apr 2016 2017 Apr 2017 2018 Apr 2018 2019 Apr 2019 2020 Apr 2020 2021 Apr 2021 2022 Apr 2022 2023 Apr 2023 2024 Apr 2024 2025 Apr 2025 2026 Apr 2026 LTM Jul 2026
Income
Revenue 53 64 69 72 77 55 50 39 50 42 54 48 41 55 70 63 73
Gross profit 20 25 25 25 24 19 11 5 16 6 17 9 8 19 30 18 24
EBITDA 5 9 7 7 7 5 −5 −10 −0 −8 2 −5 −2 7 14 −1 4
Operating income 3 7 5 5 4 2 −8 −12 −3 −11 −1 −8 −5 5 12 −3 2
Net income 6 7 4 4 3 1 −5 −24 −3 −10 1 −9 −6 6 24 −1 3
Diluted EPS $0.72 $0.86 $0.43 $0.46 $0.32 $0.11 −$0.55 −$2.69 −$0.28 −$1.10 $0.07 — — $0.59 $2.46 −$0.09 $0.27
Growth (year on year)
Revenue — +19.5% +8.4% +3.8% +7.0% −27.6% −9.1% −21.7% +25.6% −16.2% +30.7% −11.0% −15.6% +35.6% +26.3% −9.4% +6.3%
EBITDA — +64.8% −20.7% +3.6% −9.9% −25.0% −198.4% — — — — −314.0% — — +93.0% −108.0% −69.9%
Operating income — +92.1% −30.2% +4.1% −24.6% −32.8% −404.9% — — — — — — — +133.8% −125.6% −81.2%
Net income — +22.6% −50.0% +9.6% −30.0% −64.4% — — — — — — — — +323.4% −103.8% −87.8%
Diluted EPS — +19.4% −50.0% +7.0% −30.4% −65.6% — — — — — — — — +316.9% −103.7% −88.1%
Margins
Gross margin 37.5% 38.7% 36.4% 34.6% 30.8% 34.8% 22.3% 13.1% 31.9% 13.8% 31.2% 17.8% 19.2% 33.6% 43.1% 29.1% 33.0%
EBITDA margin 10.2% 14.1% 10.3% 10.3% 8.6% 9.0% −9.7% −25.2% −0.0% −18.3% 4.3% −10.4% −5.5% 12.9% 19.7% −1.8% 4.9%
Operating margin 6.6% 10.5% 6.8% 6.8% 4.8% 4.5% −14.9% −31.5% −5.7% −26.3% −1.8% −16.6% −11.5% 9.1% 16.8% −4.7% 2.5%
Net margin 11.3% 11.6% 5.3% 5.6% 3.7% 1.8% −9.6% −60.3% −5.1% −24.2% 1.3% −17.9% −13.5% 10.1% 33.9% −1.4% 3.7%
Free-cash-flow margin −0.1% 1.2% 0.8% −2.5% −3.0% −0.6% −2.7% 7.9% −5.8% −7.0% 20.1% 4.5% 0.6% 13.1% −4.6% −2.5% −0.3%
Cash flow
Cash from operations 2 2 3 4 2 3 4 5 −0 −1 12 4 1 9 −1 1 3
Capital spending 2 1 2 5 4 3 5 1 3 1 1 2 1 1 2 3 3
Free cash flow −0 1 1 −2 −2 −0 −1 3 −3 −3 11 2 0 7 −3 −2 −0
Stock-based pay 0 1 1 1 1 1 1 0 1 0 0 0 0 1 1 2 —
Free cash flow after stock pay −1 −0 −0 −3 −3 −1 −2 3 −3 −3 11 2 0 6 −4 −4 —
Balance sheet
Cash 5 5 3 8 7 6 2 8 4 4 10 12 12 18 5 2 61
Total debt 0 6 6 10 6 6 0 — 0 5 0 0 0 0 0 0 0
Net debt (negative = net cash) −5 2 3 2 −1 0 −2 −8 −4 1 −10 −12 −12 −18 −5 −2 −61
Diluted shares 8m 9m 9m 9m 9m 9m 9m 9m 9m 9m 9m 9m 9m 9m 10m 10m 10m
Returned to shareholders
Dividends — 0 2 0 — — — — — — — 0 9 0 10 0 —
Buybacks — — — — — — — — — — — — — 0 0 2 1
Total returned — 0 2 0 — — — — — — — 0 9 0 10 2 1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · July 31, 2026
What it owns · $154m
Short-term assets $111mLonger-term assets $43m
What it owes, and who funded it · $154m
Short-term liabilities $21mLonger-term liabilities $13mShareholders' equity $120m
  • Short-term assets cover short-term liabilities $111m of assets due within a year against $21m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $111m short-term assets against $13m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $2m against $82,000 of interest.

From Frequency Electronics Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$991,000
Returned to shareholders
-539%
of free cash flow
Buybacks, last 3 fiscal years
$2M
Diluted share count
+2.6%
year over year
Total shareholder yield
0.1%
dividends 0.0% + buybacks 0.1% of market value
R&D spending
8.7%
of revenue
Sales & admin spending
21.9%
of revenue
Days sales outstanding
31 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated FEIM LPTH GEOS GNSS INVZ BOXL Median
Revenue, last 12 months $73m $72m $92m $57m $55m $104m $104m
Revenue growth, last 12 months 6.3% 92.8% −20.5% 86.7% 127.0% −8.1% 9.8%
Revenue growth, 3-year average 17.4% 29.6% −8.8% 3.0% — −19.5% 7.2%
Revenue growth, latest quarter 69.8% 73.3% −36.4% −26.0% — −16.0% 16.5%
Gross margin 33.0% 36.0% 8.0% 54.0% 23.4% 33.2% 38.5%
Operating margin 2.5% −27.4% −44.7% −3.2% −123.0% −12.9% −7.3%
Operating margin, 3-year average 8.6% −28.0% −12.6% −55.2% — −17.5% −5.1%
Net margin 3.7% −28.6% −43.1% −10.9% −123.1% −21.0% −5.3%
Cash from operations / revenue 3.8% −14.3% −34.2% −4.5% −87.0% −4.8% −1.6%
Free-cash-flow margin −0.3% −23.0% −40.2% −4.6% −94.7% −4.8% −2.5%
Free-cash-flow margin, 3-year average 4.2% −18.0% −21.0% −33.7% — — 3.7%
Stock pay / revenue — 4.0% 1.4% 2.9% 29.0% 0.0% 3.0%
Change in share count 2.6% 30.6% 0.7% 1.2% 19.5% 15.1% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 6.3% 9.8% 34 of 53
Change in growth rate Growth +15.7pp +2.3pp 9 of 53
Gross margin Profitability 33.0% 39.7% 29 of 48
Operating margin Profitability 2.5% -7.3% 21 of 53
Net margin Profitability 3.7% -5.3% 19 of 53
Free-cash-flow margin Cash generation -0.3% -2.1% 24 of 52
Change in share count Balance sheet 2.6% 1.9% 25 of 46
Days sales outstanding Balance sheet 31 days 68 days 2 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to April 30, 2026
Products and services
Line of business Revenue YoY
POC Revenue $57.7M ▼ 12.3%
Government Non Space Revenue $38M ▲ 43.2%
Satellite Revenue $23.1M ▼ 43.4%
Other Commercial Industrial Revenue $2.1M ▼ 11.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue YoY
Geographic Distribution Domestic $57.7M ▼ 11.7%
NY $45.7M ▼ 14.3%
Canada $21.7M ▲ 16.5%
Geographic Distribution Foreign $5.5M ▲ 23.2%
United States -$4.2M —

These categories overlap or exclude eliminations, so shares aren't shown.

From Frequency Electronics Inc's 10-K filed July 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$498M
Institutions reporting
144
Shares held vs prior quarter
▲ 5.1%
Positions opened / closed
26 / 11

Top buyers and sellers, Q2 2026: 82 institutions bought and 55 sold ; the biggest buyer was Driehaus Capital Management LLC (+214K shares) and the biggest seller Myda Advisors LLC (−140K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Edenbrook Capital, LLC $124M 1.9M 25.0% 0.0%
Driehaus Capital Management LLC $46.9M 706K 9.4% ▲ 43.6%
Blackrock, Inc. $34.3M 517K 6.9% ▲ 8.8%
Vanguard Capital Management LLC $19.4M 292K 3.9% ▲ 3.3%
Next Century Growth Investors LLC $15.3M 231K 3.1% ▲ 6.6%
Dimensional Fund Advisors LP $15.1M 228K 3.0% ▼ 11.3%
Goldman Sachs Group Inc $13.6M 206K 2.7% ▼ 22.3%
Segall Bryant & Hamill, LLC $13.5M 204K 2.7% ▼ 3.7%
G2 Investment Partners Management LLC $13.4M 203K 2.7% ▲ 80.5%
Geode Capital Management, LLC $11.8M 178K 2.4% ▲ 11.0%
Portolan Capital Management, LLC $10.1M 153K 2.0% ▲ 1.8%
State Street Corp $9.1M 138K 1.8% ▲ 3.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Frequency Electronics Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $37.5M 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $37.5M net selling
Insider Date Trade Shares Price Value
Edenbrook Long Only Value Fund, Lp Director July 28, 2026 Sell 97,826 $57.50 $5.6M
Edenbrook Long Only Value Fund, Lp Director July 28, 2026 Sell 554,348 $57.50 $31.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 10, 2026 estimated from the company's past filing pattern, not announced

  • September 10, 2026
  • July 15, 2026
  • March 11, 2026
  • December 11, 2025
  • September 11, 2025
  • July 10, 2025

Recent SEC filings

Data status

When each part of this page on Frequency Electronics Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Frequency Electronics Inc in brief

What does Frequency Electronics Inc do?
Frequency Electronics Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in April.
What is Frequency Electronics Inc's stock ticker?
Frequency Electronics Inc trades under the ticker FEIM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Frequency Electronics Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Frequency Electronics Inc reported revenue of $72.9M, 6.3% higher than a year earlier, according to its SEC filings.
What is Frequency Electronics Inc's free cash flow?
Frequency Electronics Inc's free-cash-flow margin is -0.3% of revenue over the trailing twelve months, ranking 24 of the 52 electronic equipment & instruments companies we cover.
What is Frequency Electronics Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Frequency Electronics Inc's free cash flow after stock-based pay gives ~$13 per share in the base case, and ~$11–$16 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Frequency Electronics Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Edenbrook Capital, LLC, Driehaus Capital Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Frequency Electronics Inc buying back stock, and does it pay a dividend?
Frequency Electronics Inc spent $991,000 on share repurchases over the trailing twelve months, and its diluted share count still rose 2.6% over the year.
What is Frequency Electronics Inc's market cap?
On November 2, 2026, Frequency Electronics Inc's market capitalisation was about $652M, with a price-to-earnings ratio of 243.3 and net debt of -$61.4M. Market figures come from third-party market data and may be delayed.
Who are Frequency Electronics Inc's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Frequency Electronics Inc are Lightpath Technologies Inc, Geospace Technologies Corp, Genasys Inc., Innoviz Technologies Ltd. and Boxlight Corp. The side-by-side comparison below sets their revenue, margins and growth against Frequency Electronics Inc's.
Are insiders buying or selling Frequency Electronics Inc stock?
Over the last 12 months, Frequency Electronics Inc's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Frequency Electronics Inc's next earnings date?
Around December 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Frequency Electronics Inc announces its own schedule.