FGI

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FGI Industries Ltd.

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Key Metrics

Previous Close: $8.82
52-Week Range: $3.14 – $19.93
Market Cap: $17.05M
P/E (TTM): —
EPS (TTM): -2.06
Dividend Yield: —

Advanced Metrics

Price/Book: 1.05
PEG Ratio: —
Return on Equity: -28.08%
Return on Assets: 0.38%
Gross Margin: 28.33%
Operating Margin: 4.39%
Profit Margin: -3.07%
Current Ratio: 1.18
Debt/Equity: 1.57
Total Debt: $23.68M
Free Cash Flow: $3.91M
Revenue Growth: 2.90%
Earnings Growth: —
Enterprise Value: $34.28M

FGI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$161.72M	$117.24M	$131.82M	$130.53M
Cost of Revenue	$130.21M	$85.16M	$96.39M	$95.28M
Gross Profit	$31.51M	$32.08M	$35.43M	$35.25M
Research & Development	$1.05M	$1.38M	$1.70M	$1.42M
Selling, General & Admin	$25.36M	$28.40M	$35.83M	$36.24M
Operating Expenses	$26.42M	$29.77M	$37.53M	$37.65M
Operating Income	$5.09M	$2.30M	-$2.10M	-$2.40M
EBITDA	$5.36M	$4.16M	$2.14M	-$102.14K
Pretax Income	$4.54M	$1.39M	-$2.28M	-$4.34M
Income Tax	$860.63K	$808.22K	-$547.82K	$2.79M
Net Income	$3.68M	$733.60K	-$1.20M	-$6.14M
Diluted EPS	1.95	0.35	-0.65	-3.20
Diluted Shares	1.87M	1.96M	1.91M	1.92M

FGI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$10.07M	$7.78M	$4.56M	$1.90M
Receivables	$19.94M	$23.80M	$32.29M	$31.12M
Inventory	$13.29M	$9.92M	$13.96M	$15.29M
Current Assets	$45.89M	$46.11M	$52.90M	$51.54M
Total Assets	$60.37M	$65.74M	$75.46M	$69.54M
Current Liabilities	$29.78M	$28.04M	$42.54M	$43.91M
Total Debt	$19.19M	$22.23M	$27.72M	$23.58M
Total Liabilities	$37.62M	$41.72M	$53.90M	$53.93M
Retained Earnings	$3.68M	$4.41M	$3.21M	-$2.93M
Shareholders' Equity	$22.74M	$24.18M	$22.25M	$17.28M
Working Capital	$16.11M	$18.07M	$10.36M	$7.63M
Net Debt	—	—	$9.94M	$9.97M

FGI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$980.26K	$2.21M	-$7.43M	$673.22K
Capital Expenditure	-$1.06M	-$1.77M	-$2.88M	-$1.02M
Free Cash Flow	-$83.96K	$447.08K	-$10.30M	-$342.63K
Depreciation & Amortisation	$218.66K	$2.02M	$3.18M	$2.91M
Stock-Based Compensation	$383.57K	$417.98K	$401.22K	$333.18K
Investing Cash Flow	-$1.06M	-$1.77M	-$2.88M	-$1.02M
Financing Cash Flow	$7.01M	-$2.84M	$7.54M	-$2.63M
Net Change in Cash	$6.93M	-$2.39M	-$2.76M	-$2.98M

FGI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$33.21M	$31.00M	$35.85M	$30.47M	$30.50M
Cost of Revenue	$24.31M	$22.29M	$26.35M	$22.32M	$22.34M
Gross Profit	$8.90M	$8.71M	$9.50M	$8.15M	$8.16M
Research & Development	$316.73K	$484.50K	$283.87K	$332.23K	$282.61K
Selling, General & Admin	$9.86M	$9.05M	$8.85M	$8.47M	$8.57M
Operating Expenses	$10.18M	$9.54M	$9.13M	$8.80M	$8.85M
Operating Income	-$1.28M	-$832.34K	$369.72K	-$658.58K	-$691.41K
EBITDA	-$541.92K	-$557.69K	$1.04M	-$43.42K	-$55.07K
Pretax Income	-$1.56M	-$1.58M	-$68.47K	-$1.14M	-$1.12M
Income Tax	-$739.53K	-$214.58K	$1.88M	$1.86M	$24.68K
Net Income	-$629.09K	-$1.23M	-$1.65M	-$2.63M	-$969.40K
Diluted EPS	-0.35	-0.64	-0.86	-1.37	-0.50
Diluted Shares	1.92M	1.92M	1.92M	1.92M	1.92M

FGI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.23M	$2.52M	$1.88M	$1.90M	$2.66M
Receivables	$30.37M	$31.50M	$35.87M	$31.12M	$30.30M
Inventory	$12.55M	$12.68M	$12.34M	$15.29M	$14.23M
Current Assets	$46.53M	$49.13M	$52.69M	$51.54M	$50.94M
Total Assets	$68.46M	$71.70M	$73.04M	$69.54M	$68.15M
Current Liabilities	$37.21M	$40.62M	$44.23M	$43.91M	$44.26M
Total Debt	$25.02M	$25.01M	$26.12M	$23.58M	$24.45M
Total Liabilities	$47.55M	$51.43M	$54.60M	$53.93M	$53.84M
Retained Earnings	$2.58M	$1.35M	-$299.51K	-$2.93M	-$3.90M
Shareholders' Equity	$21.79M	$21.28M	$19.74M	$17.28M	$16.16M
Working Capital	$9.32M	$8.50M	$8.46M	$7.63M	$6.68M
Net Debt	$11.95M	$10.04M	$12.20M	$9.97M	$10.48M

FGI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$1.65M	$1.85M	-$1.87M	$2.34M	-$325.71K
Capital Expenditure	-$450.15K	-$181.00K	-$262.70K	-$122.00K	-$79.73K
Free Cash Flow	-$2.10M	$1.67M	-$2.13M	$2.22M	-$405.44K
Depreciation & Amortisation	$710.40K	$739.16K	$706.52K	$750.08K	$708.51K
Stock-Based Compensation	$76.31K	$124.62K	$114.05K	$18.20K	-$116.39K
Investing Cash Flow	-$450.15K	-$181.00K	-$262.70K	-$122.00K	-$79.73K
Financing Cash Flow	-$1.33M	-$613.05K	$1.52M	-$2.21M	$1.27M
Net Change in Cash	-$3.43M	$1.05M	-$611.25K	$14.44K	$869.42K

Market Snapshot

About

FGI Industries Ltd. is a supplier of bath and kitchen plumbing products serving the North American market. The company designs, manufactures, and distributes bathtubs, showers, toilets, vanities, faucets, and related accessories. FGI operates through multiple brand names and sells to retailers, distributors, wholesalers, and contractors. The company focuses on value-oriented products targeting the residential construction and renovation markets. FGI maintains manufacturing facilities and distribution centers strategically located to serve its customer base. The firm competes in the fragmented plumbing fixtures industry by offering competitive pricing and diverse product selections.