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Frequency Electronics vs Itron: revenue, profit, margins and growth compared

Frequency Electronics brought in $63.2M of revenue in fiscal 2026, Itron $2.4B in fiscal 2025. Revenue changed by -9.4% at Frequency Electronics and -3.0% at Itron on the year before, so Itron grew faster. Frequency Electronics kept -1.4% of its revenue as net profit, Itron 12.7%. Free cash flow was -$1.6M at Frequency Electronics and $383.1M at Itron.

Side by side, latest fiscal year

FEIMITRI
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$63.2M$2.4B
Revenue growth-9.4%-3.0%
Net income-$903K$301.1M
Net margin-1.4%12.7%
Free cash flow-$1.6M$383.1M
Free cash flow margin-2.5%16.2%
Earnings per share (diluted)-$0.09$6.50
Cash$1.6M$1B
Debtn/a$1.3B
Price to earningsn/a13.8
Market value$968.8M$3.9B
Dividend yieldn/an/a
Rank by revenue in sector#395 of 451 · Industrials#204 of 451 · Industrials

Over the years

Revenue
FEIM FY2019: $49.5MFEIM FY2020: $41.5MFEIM FY2021: $54.3MFEIM FY2022: $48.3MFEIM FY2023: $40.8MFEIM FY2024: $55.3MFEIM FY2025: $69.8MFEIM FY2026: $63.2MITRI FY2018: $2.4BITRI FY2019: $2.5BITRI FY2020: $2.2BITRI FY2021: $2BITRI FY2022: $1.8BITRI FY2023: $2.2BITRI FY2024: $2.4BITRI FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM $63.2MITRI $2.4B
Net income
FEIM FY2019: -$2.5MFEIM FY2020: -$10MFEIM FY2021: $680KFEIM FY2022: -$8.7MFEIM FY2023: -$5.5MFEIM FY2024: $5.6MFEIM FY2025: $23.7MFEIM FY2026: -$903KITRI FY2018: -$99.3MITRI FY2019: $49MITRI FY2020: -$58MITRI FY2021: -$81.3MITRI FY2022: -$9.7MITRI FY2023: $96.9MITRI FY2024: $239.1MITRI FY2025: $301.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM -$903KITRI $301.1M
Net margin
FEIM FY2019: -5.1%FEIM FY2020: -24.2%FEIM FY2021: 1.3%FEIM FY2022: -17.9%FEIM FY2023: -13.5%FEIM FY2024: 10.1%FEIM FY2025: 33.9%FEIM FY2026: -1.4%ITRI FY2018: -4.2%ITRI FY2019: 2.0%ITRI FY2020: -2.7%ITRI FY2021: -4.1%ITRI FY2022: -0.5%ITRI FY2023: 4.5%ITRI FY2024: 9.8%ITRI FY2025: 12.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM -1.4%ITRI 12.7%
Revenue growth
FEIM FY2020: -16.2%FEIM FY2021: +30.7%FEIM FY2022: -11.0%FEIM FY2023: -15.6%FEIM FY2024: +35.6%FEIM FY2025: +26.3%FEIM FY2026: -9.4%ITRI FY2019: +5.3%ITRI FY2020: -13.2%ITRI FY2021: -8.8%ITRI FY2022: -9.4%ITRI FY2023: +21.1%ITRI FY2024: +12.3%ITRI FY2025: -3.0%FY19FY20FY21FY22FY23FY24FY25FY26
FEIM -9.4%ITRI -3.0%
Free cash flow
FEIM FY2019: -$2.9MFEIM FY2020: -$2.9MFEIM FY2021: $10.9MFEIM FY2022: $2.2MFEIM FY2023: $257KFEIM FY2024: $7.2MFEIM FY2025: -$3.2MFEIM FY2026: -$1.6MITRI FY2018: $49.8MITRI FY2019: $112.1MITRI FY2020: $63.3MITRI FY2021: $120.1MITRI FY2022: $4.8MITRI FY2023: $98.1MITRI FY2024: $207.6MITRI FY2025: $383.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM -$1.6MITRI $383.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Frequency Electronics and Itron

Which is bigger by revenue, Frequency Electronics or Itron?

Itron is bigger by revenue: $2.4B in fiscal 2025, against $63.2M for Frequency Electronics in fiscal 2026.

Which keeps more of its revenue as profit, Frequency Electronics or Itron?

Frequency Electronics had a net margin of -1.4% in fiscal 2026; Itron had 12.7% in fiscal 2025.

Which grew revenue faster, Frequency Electronics or Itron?

In their latest fiscal years revenue changed by -9.4% at Frequency Electronics and -3.0% at Itron.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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