Frequency Electronics, Inc.
FEIM Technology Communication Equipment
Frequency Electronics, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $63.2 million, down 9.43% from fiscal 2025. In the quarter to July 2026, revenue grew 69.8%, EPS grew 485.7% and free cash flow grew 361.8%, each against the same quarter a year earlier.
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Frequency Electronics, Inc. (FEIM) Altman Z-score
Frequency Electronics, Inc.'s Altman Z-score for fiscal 2026 is 9.57, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 9.57 | 5.16 |
| FY2025 | 4.41 | 2.24 |
| FY2024 | 2.17 | 1.09 |
| FY2023 | 1.08 | (0.51) |
| FY2022 | 1.59 | (0.63) |
| FY2021 | 2.22 | 0.38 |
| FY2020 | 1.84 | (1.96) |
| FY2019 | 3.80 | 0.85 |
| FY2018 | 2.95 | (0.53) |
| FY2017 | 3.48 | 0.05 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.30 | — | 0.36 | |
| Retained earnings / total assets | 0.03 | — | 0.04 | |
| EBIT / total assets | (0.03) | — | −0.11 | |
| Market value of equity / total liabilities | 14.31 | — | 8.58 | |
| Sales / total assets | 0.70 | — | 0.70 | |
| Altman Z-score | Safe zone | 9.57 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.56 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| FEIM Frequency Electronics, Inc. | 9.6× |
| CLFD Clearfield, Inc. compare | 7.4× |
| SILC Silicom Ltd compare | 3.2× |
| GILT Gilat Satellite Networks Ltd. compare | 1.7× |
| NTGR NETGEAR, Inc. compare | 1.7× |
| ADTN ADTRAN Holdings, Inc. compare | 0.7× |
| VISN Vistance Networks, Inc. compare | 0.5× |
| TSAT Telesat Corporation compare | −0.4× |
| HLIT Harmonic Inc. compare | −1.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets