HIGHBuilt-in & outside partyCustomer
95%
FEI-Zyfer U.S. Government end users
“10-K Item 1: 'More than 95% of FEI-Zyfer’s revenues are derived from sales where the end user is the U.S. Government.'”
FEIM · Concentration risk · 10-K extracted
Frequency Electronics (FEIM) concentration risks
Updated
The most significant concentration Frequency Electronics discloses is FEI-Zyfer U.S. Government end users at 95%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Frequency Electronics’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH4
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-in & outside partyCustomer
94%
U.S. Government
“10-K Item 1: 'approximately 94% and 98%, respectively, of the Company’s sales were made under contracts to the U.S. Government or subcontracts for U.S. Government end-use'”
HIGHBuilt-inProduct / Revenue mix
76%
FEI-NY segment
“10-K Item 1: 'approximately 76% and 73%, respectively, of the Company’s consolidated revenues were from products sold by the FEI-NY segment'”
HIGHOutside partySupplier
space-qualified parts suppliers (FEI-NY)
“10-K Item 1: 'FEI-NY is dependent on a limited number of suppliers for space qualified parts.'”
LOWOutside partyCustomer
Northrop Grumman
“10-K Item 1: 'During fiscal year 2025, Northrop Grumman Company (“Northrop Grumman”) accounted for more than 10% of the Company’s consolidated revenues.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-23Frequency Electronics' concentration risk is overwhelmingly government-driven. More than 95% of FEI-Zyfer's revenues come from end users that are the U.S. Government, and at the consolidated level approximately 94% (98% in the prior year) of sales were made under contracts to the U.S. Government or subcontracts for U.S. Government end-use — both high-share exposures with a mixed character, since government demand spans many programs but still represents a single ultimate counterparty type. Product-line concentration compounds this: approximately 76% (73% a year earlier) of consolidated revenues came from products sold by the FEI-NY segment, a high-share, structural concentration in the business mix. On the supply side, FEI-NY is dependent on a limited number of suppliers for space-qualified parts, another high-share dependency that could disrupt production if any one supplier falters. A more idiosyncratic, low-share exposure is Northrop Grumman, which in fiscal 2025 accounted for more than 10% of consolidated revenues — a single named customer whose loss or reduced ordering would be the most immediate, counterparty-specific risk among these disclosures. Overall, the government and segment concentrations are the structural core of the business, while the Northrop Grumman relationship is the swing factor most exposed to a single decision.
For the engine’s reasoning on FEIM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Communication Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| FEIM● | Frequency Electronics, Inc. | 4 | 0 | 1 | 5 |
| AAOI | Applied Optoelectronics, Inc. | 2 | 1 | 0 | 3 |
| ADTN | ADTRAN Holdings, Inc. | 1 | 0 | 2 | 3 |
| CIEN | Ciena Corporation | 0 | 2 | 2 | 4 |
| BDC | Belden Inc | 0 | 2 | 1 | 3 |
| ASTS | AST SpaceMobile, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.