FGI Industries Ltd.(FGI)Earnings, Financials & Key Ratios

FGI•NASDAQ

$7.60

$73M mkt cap·Price updated May 6, 2026

SectorConsumer Cyclical IndustryHome Furnishings Sub-IndustryCabinetry, Fixtures and Surfaces

AboutFGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.Show more

Revenue$132M+12.4%
EBITDA$1M-75.1%
Net Income-$1M-263.7%
EPS (Diluted)-0.13-274.0%
Gross Margin26.88%-1.8%
EBITDA Margin0.82%-77.8%
Operating Margin-1.59%-181.0%
Net Margin-0.91%-245.6%
ROE-5.27%-268.0%
ROIC-3.78%-177.0%
Debt/Equity1.29+38.9%
Interest Coverage-1.68-154.8%

Technical→

FGI Key Insights

FGI Industries Ltd. (FGI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 2.6% through buybacks
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Thin 5Y average net margin of 2.0%
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FGI Price & Volume

FGI Industries Ltd. (FGI) stock price & volume — 10-year historical chart

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FGI Growth Metrics

FGI Industries Ltd. (FGI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years0.86%

3 Years-10.19%

TTM6.66%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-1406.66%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-5420.55%

Return on Capital

10 Years28.64%

5 Years29.77%

3 Years7.81%

Last Year-5.95%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
SWIMLatham Group, Inc.Direct Competitor	679.53M	5.81	62.61	7.35%	1.55%	2.13%	0.09
LESLLeslie's, Inc.Direct Competitor	14.16M	1.52	-0.06	-6.63%	-22.69%
DORMDorman Products, Inc.Direct Competitor	3.66B	122.61	18.47	6.03%	8.84%	13.06%	0.43
AMWDAmerican Woodmark CorporationDirect Competitor	566.17M	38.86	5.98	-7.47%	1.15%	1.95%	0.56
MASMasco CorporationProduct Competitor	14.51B	71.95	18.64	-3.4%	10.9%	7.99%	45.81
LXFRLuxfer Holdings PLCProduct Competitor	423.21M	15.82	13.76	-1.86%	7.91%	12.79%	0.17
UFPIUFP Industries, Inc.Product Competitor	4.79B	84.26	16.85	-4.99%	4.27%	8.41%	0.07
HDThe Home Depot, Inc.Supply Chain	321.11B	323.05	22.70	3.24%	8.6%	110.48%	1.48

Compare FGI vs Peers

FGI Industries Ltd. (FGI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

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Most directly comparable listed peer for FGI.

Scale Benchmark

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Peer Set

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FGI Income Statement

FGI Industries Ltd. (FGI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	126.28M	134.83M	181.94M	161.72M	117.24M	131.82M	135.65M
Revenue Growth %	-	6.77%	34.94%	-11.12%	-27.5%	12.43%	6.66%
Cost of Goods Sold	100.84M	106.42M	149.74M	130.21M	85.16M	96.39M	99.99M
COGS % of Revenue	79.86%	78.93%	82.3%	80.52%	72.64%	73.12%	-
Gross Profit	25.44M▲ 0%	28.4M▲ 11.7%	32.2M▲ 13.4%	31.51M▼ 2.2%	32.08M▲ 1.8%	35.43M▲ 10.4%	35.67M▲ 0%
Gross Margin %	20.14%	21.07%	17.7%	19.48%	27.36%	26.88%	26.29%
Gross Profit Growth %	-	11.66%	13.37%	-2.15%	1.8%	10.44%	-
Operating Expenses	22.98M	22.12M	24.48M	26.42M	29.77M	37.53M	38.67M
OpEx % of Revenue	18.2%	16.41%	13.45%	16.34%	25.39%	28.47%	-
Selling, General & Admin	22.27M	21.31M	23.83M	25.36M	28.4M	35.83M	37.19M
SG&A % of Revenue	17.64%	15.8%	13.1%	15.68%	24.22%	27.18%	-
Research & Development	703.78K	814.25K	646.07K	1.05M	1.38M	1.7M	1.48M
R&D % of Revenue	0.56%	0.6%	0.36%	0.65%	1.17%	1.29%	-
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income	2.46M▲ 0%	6.28M▲ 155.2%	7.72M▲ 23.0%	5.09M▼ 34.1%	2.3M▼ 54.7%	-2.1M▼ 191.1%	-3.01M▲ 0%
Operating Margin %	1.95%	4.66%	4.25%	3.15%	1.97%	-1.59%	-2.22%
Operating Income Growth %	-	155.16%	22.96%	-34.08%	-54.74%	-191.11%	-
EBITDA	2.99M	6.84M	8.01M	5.31M	4.32M	1.08M	183.54K
EBITDA Margin %	2.37%	5.08%	4.4%	3.28%	3.69%	0.82%	0.14%
EBITDA Growth %	-	129.08%	17.08%	-33.71%	-18.62%	-75.08%	-95.86%
D&A (Non-Cash Add-back)	525.13K	560.8K	287.08K	218.66K	2.02M	3.18M	3.19M
EBIT	2.42M	5.92M	9.28M	5.14M	2.14M	-1.04M	-2.88M
Net Interest Income	-436.75K	-386.62K	-374.04K	-597.64K	-739.19K	-1.24M	-1.33M
Interest Income	11.66K	32.24K	37.14K	3.16K	10.54K	9.79K	7.33K
Interest Expense	448.41K	418.87K	411.19K	600.8K	749.73K	1.25M	1.34M
Other Income/Expense	-486.96K	-776.92K	1.14M	-551.43K	-916.65K	-182.51K	-1.21M
Pretax Income	1.98M▲ 0%	5.51M▲ 178.7%	8.87M▲ 61.1%	4.54M▼ 48.8%	1.39M▼ 69.4%	-2.28M▼ 264.4%	-4.22M▲ 0%
Pretax Margin %	1.56%	4.08%	4.87%	2.81%	1.18%	-1.73%	-3.11%
Income Tax	404K	774.44K	961.63K	860.63K	808.22K	-547.82K	386.26K
Effective Tax Rate %	20.45%	14.07%	10.84%	18.95%	58.24%	24.01%	-9.16%
Net Income	1.57M▲ 0%	4.73M▲ 201.1%	7.91M▲ 67.1%	3.68M▼ 53.5%	733.6K▼ 80.1%	-1.2M▼ 263.7%	-3.91M▲ 0%
Net Margin %	1.24%	3.51%	4.35%	2.28%	0.63%	-0.91%	-2.89%
Net Income Growth %	-	201.11%	67.12%	-53.45%	-80.06%	-263.72%	-1406.66%
Net Income (Continuing)	1.57M	4.73M	7.91M	3.68M	579.56K	-1.73M	-4.6M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	-154.04K	-687.23K	-1.3M
EPS (Diluted)	0.17▲ 0%	0.50▲ 194.1%	0.83▲ 66.0%	0.39▼ 53.0%	0.07▼ 80.8%	-0.13▼ 274.0%	-2.04▲ 0%
EPS Growth %	-	194.12%	66%	-53.01%	-80.85%	-274.03%	-5420.55%
EPS (Basic)	0.17	0.50	0.83	0.39	0.08	-0.13	-
Diluted Shares Outstanding	9.5M	9.5M	9.5M	9.5M	9.82M	9.57M	1.92M
Basic Shares Outstanding	9.5M	9.5M	9.5M	9.5M	9.53M	9.57M	1.92M
Dividend Payout Ratio	130.09%	150.45%	24.63%	-	-	-	-

FGI Balance Sheet

FGI Industries Ltd. (FGI) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	28.4M	33.73M	56.16M	45.89M	46.11M	52.9M	52.69M
Cash & Short-Term Investments	2.42M	4.02M	3.88M	10.07M	7.78M	4.56M	1.88M
Cash Only	2.42M	4.02M	3.88M	10.07M	7.78M	4.56M	1.88M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	15.69M	17.34M	26.35M	14.3M	16.2M	20.29M	18.13M
Days Sales Outstanding	45.34	46.94	52.86	32.27	50.42	56.19	56.84
Inventory	9.29M	8.31M	21.26M	13.29M	9.92M	13.96M	12.34M
Days Inventory Outstanding	33.64	28.5	51.83	37.26	42.53	52.85	47.02
Other Current Assets	196.31K	154.16K	179.84K	561.82K	664.41K	12.28M	18.58M
Total Non-Current Assets	11.11M	11.42M	12.99M	14.48M	19.63M	22.56M	20.35M
Property, Plant & Equipment	9.58M	9.86M	8.48M	11.09M	17.11M	16.46M	15.39M
Fixed Asset Turnover	13.18x	13.68x	21.47x	14.59x	6.85x	8.01x	8.64x
Goodwill	0	0	0	0	0	0	0
Intangible Assets	213.42K	128.05K	42.68K	42.68K	102.23K	1.85M	1.78M
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	379.34K	171K	2.99M	2.09M	1.25M	1.59M	5.45M
Total Assets	39.52M▲ 0%	45.15M▲ 14.2%	69.15M▲ 53.2%	60.37M▼ 12.7%	65.74M▲ 8.9%	75.46M▲ 14.8%	73.04M▲ 0%
Asset Turnover	3.20x	2.99x	2.63x	2.68x	1.78x	1.75x	1.88x
Asset Growth %	-	14.25%	53.17%	-12.7%	8.91%	14.78%	14.96%
Total Current Liabilities	28.81M	35.42M	54.72M	29.78M	28.04M	42.54M	44.23M
Accounts Payable	16.7M	19.51M	30.79M	14.82M	15.26M	20.24M	22.7M
Days Payables Outstanding	60.43	66.91	75.05	41.55	65.4	76.66	74.63
Short-Term Debt	8.21M	11.07M	14.66M	9.8M	6.96M	14.5M	15.75M
Deferred Revenue (Current)	0	0	0	0	0	0	0
Other Current Liabilities	0	0	1.22M	0	0	0	5.78M
Current Ratio	0.99x	0.95x	1.03x	1.54x	1.64x	1.24x	1.24x
Quick Ratio	0.66x	0.72x	0.64x	1.09x	1.29x	0.92x	0.92x
Cash Conversion Cycle	18.54	8.52	29.65	27.97	27.55	32.39	29.23
Total Non-Current Liabilities	7.09M	8.2M	6.88M	7.85M	13.67M	11.35M	10.37M
Long-Term Debt	0	0	0	0	0	0	0
Capital Lease Obligations	7.09M	8.2M	6.88M	7.85M	13.67M	11.35M	42.86M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0
Total Liabilities	35.9M	43.62M	61.6M	37.62M	41.72M	53.9M	54.6M
Total Debt	17.06M	20.52M	22.86M	19.19M	22.23M	27.72M	26.12M
Net Debt	14.64M	16.5M	18.97M	9.12M	14.45M	23.17M	24.25M
Debt / Equity	4.71x	13.39x	3.03x	0.84x	0.93x	1.29x	1.29x
Debt / EBITDA	5.71x	3.00x	2.85x	3.61x	5.14x	25.74x	142.33x
Net Debt / EBITDA	4.90x	2.41x	2.37x	1.72x	3.34x	21.51x	21.51x
Interest Coverage	5.49x	15.00x	18.79x	8.48x	3.07x	-1.68x	-2.14x
Total Equity	3.62M▲ 0%	1.53M▼ 57.7%	7.55M▲ 392.9%	22.74M▲ 201.3%	24.03M▲ 5.6%	21.57M▼ 10.2%	18.44M▲ 0%
Equity Growth %	-	-57.69%	392.9%	201.26%	5.64%	-10.24%	-54.22%
Book Value per Share	0.38	0.16	0.79	2.39	2.45	2.25	9.61
Total Shareholders' Equity	3.62M	1.53M	7.55M	22.74M	24.18M	22.25M	19.74M
Common Stock	3.62M	700	700	950	955	956	959
Retained Earnings	0	0	0	3.68M	4.41M	3.21M	-299.51K
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	3.62M	1.53M	7.55M	-1.4M	-1.11M	-2.24M	-1.55M
Minority Interest	0	0	0	0	-154.04K	-687.23K	-1.3M

FGI Cash Flow Statement

FGI Industries Ltd. (FGI) cash flow — operating, investing & free cash flow history

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	1.29M	5.8M	-3.22M	980.26K	1.39M	-7.43M	-7.43M
Operating CF Margin %	1.02%	4.3%	-1.77%	0.61%	1.19%	-5.63%	-
Operating CF Growth %	-	348.47%	-155.47%	130.47%	41.77%	-634.31%	-49.77%
Net Income	1.57M	4.73M	7.91M	3.68M	733.6K	-1.73M	-3.91M
Depreciation & Amortization	525.13K	352.47K	287.08K	218.66K	2.02M	3.18M	2.61M
Stock-Based Compensation	0	0	0	383.57K	417.98K	401.22K	65.55K
Deferred Taxes	-183.62K	-322.35K	-215.19K	213.05K	96.71K	-1.5M	-5.17K
Other Non-Cash Items	-212.01K	1.24M	1.08M	-1.43M	-741.64K	-264.31K	364.71K
Working Capital Changes	-407.36K	-202.11K	-12.28M	-2.09M	-1.13M	-7.51M	-45.44K
Change in Receivables	2.06M	-2.03M	-11.12M	13.49M	-1.13M	-4.93M	594.38K
Change in Inventory	381.76K	985.03K	-12.96M	7.97M	3.37M	-4.03M	1.45M
Change in Payables	-3.06M	2.81M	12.5M	-17.19M	436.5K	4.98M	2.46M
Cash from Investing	-233.86K	-76.53K	-51.89K	-1.06M	-942.61K	-2.88M	-1.73M
Capital Expenditures	-233.86K	-76.53K	-57.84K	-1.06M	-840.39K	-2.21M	-1.65M
CapEx % of Revenue	0.19%	0.06%	0.03%	0.66%	0.72%	1.67%	-
Acquisitions	0	0	5.95K	400	0	0	0
Investments	-	-	-	-	-	-	-
Other Investing	0	0	0	0	-102.23K	-669.76K	-75.2K
Cash from Financing	-1.98M	-4.25M	3.32M	7.01M	-2.84M	7.54M	1.59M
Debt Issued (Net)	65.72K	2.87M	5.26M	-4.86M	-2.84M	7.54M	1.59M
Equity Issued (Net)	0	0	0	12.37M	0	0	0
Dividends Paid	-2.04M	-7.12M	-1.95M	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0
Other Financing	0	0	0	-498K	0	0	0
Net Change in Cash	-689.01K▲ 0%	1.6M▲ 332.5%	-134.66K▼ 108.4%	6.18M▲ 4691.9%	-2.29M▼ 137.0%	-3.22M▼ 40.6%	-1.17M▲ 0%
Free Cash Flow	1.06M▲ 0%	5.72M▲ 440.2%	-3.28M▼ 157.2%	-83.96K▲ 97.4%	447.08K▲ 632.5%	-9.63M▼ 2254.3%	-2.7M▲ 0%
FCF Margin %	0.84%	4.24%	-1.8%	-0.05%	0.38%	-7.31%	-1.99%
FCF Growth %	-	440.25%	-157.23%	97.44%	632.51%	-2254.26%	60.07%
FCF per Share	0.11	0.60	-0.34	-0.01	0.05	-1.01	-1.01
FCF Conversion (FCF/Net Income)	0.82x	1.23x	-0.41x	0.27x	1.89x	6.18x	0.69x
Interest Paid	0	0	406.86K	600.04K	749.65K	1.23M	941.68K
Taxes Paid	0	0	545.1K	1.84M	552.16K	1.11M	-939.74K

FGI Key Ratios

FGI Industries Ltd. (FGI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	183.65%	174.11%	24.29%	3.14%	-5.27%	-19.28%
Return on Invested Capital (ROIC)	25.97%	26.01%	13.08%	4.91%	-3.78%	-3.78%
Gross Margin	21.07%	17.7%	19.48%	27.36%	26.88%	26.29%
Net Margin	3.51%	4.35%	2.28%	0.63%	-0.91%	-2.89%
Debt / Equity	13.39x	3.03x	0.84x	0.93x	1.29x	1.29x
Interest Coverage	15.00x	18.79x	8.48x	3.07x	-1.68x	-2.14x
FCF Conversion	1.23x	-0.41x	0.27x	1.89x	6.18x	0.69x
Revenue Growth	6.77%	34.94%	-11.12%	-27.5%	12.43%	6.66%

FGI Frequently Asked Questions

FGI Industries Ltd. (FGI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

FGI Industries Ltd. (FGI) reported $135.7M in revenue for fiscal year 2024. This represents a 7% increase from $126.3M in 2019.

FGI Industries Ltd. (FGI) grew revenue by 12.4% over the past year. This is steady growth.

FGI Industries Ltd. (FGI) reported a net loss of $3.9M for fiscal year 2024.

Dividend & Returns

FGI Industries Ltd. (FGI) has a return on equity (ROE) of -5.3%. Negative ROE indicates the company is unprofitable.

FGI Industries Ltd. (FGI) had negative free cash flow of $2.7M in fiscal year 2024, likely due to heavy capital investments.

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FGI Industries Ltd. (FGI) financial analysis — history, returns, DCA and operating performance tools

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FGI Industries Ltd.(FGI)Earnings, Financials & Key Ratios

FGI Key Insights

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FGI Price & Volume

FGI Growth Metrics

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Return on Capital

FGI Peer Comparison

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FGI Income Statement

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FGI Cash Flow Statement

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FGI Frequently Asked Questions

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