Aeva Technologies vs Frequency Electronics
Frequency Electronics reported revenue of $63 million in fiscal 2026, 3.5 times Aeva Technologies' $18 million in fiscal 2025. Aeva Technologies' revenue grew 99.4% in its latest year, and Frequency Electronics' fell 9.4%. Aeva Technologies had an operating margin of -705.8%, against -4.8% at Frequency Electronics. Free cash flow was −$120 million at Aeva Technologies and −$2 million at Frequency Electronics. Their fiscal years end in different months (December 31 and April 30), so the periods don't line up exactly.
Side by side
| Aeva Technologies | Frequency Electronics | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Apr 30, 2026 |
| Revenue | $18M | $63M |
| Revenue growth | 99.4% | −9.4% |
| Revenue growth a year, last 5 years | 30.4% | 3.1% |
| Gross margin | −3.6% | 29.1% |
| Operating margin | −705.8% | −4.8% |
| Net margin | −804.4% | −1.4% |
| Free cash flow | −$120M | −$2M |
| Free cash flow margin | −662.0% | −2.5% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $2M |
| Change in diluted share count | 6.9% | 1.8% |
| Last close | $11.00 | $60.22 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $52.5 million | sold $37.5 million |
| Piotroski F-score | 4 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Aeva TechnologiesFrequency Electronics
Operating margin
Percent of revenue
Aeva TechnologiesFrequency Electronics
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Aeva TechnologiesFrequency Electronics
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Aeva Technologies and Frequency Electronics pages.