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FGI Industries Ltd.(FGI)Earnings, Financials & Key Ratios
FGI•NASDAQ
Price updated Jun 19, 2026
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$131M-1.0%
- EBITDA$504K-53.2%
- Net Income-$6M-411.2%
- EPS (Diluted)-3.20-2361.5%
- Gross Margin27.01%+0.5%
- EBITDA Margin0.39%-52.7%
- Operating Margin-1.84%-15.5%
- Net Margin-4.7%-416.2%
- ROE-33.03%-526.9%
FGI Key Insights
FGI Industries Ltd. (FGI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 79.9% through buybacks
- ✓Trading at only 0.6x book value
- ✓Efficient asset utilization: 1.9x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Thin 5Y average net margin of 0.3%
- ✗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.
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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 Years-0.65%
3 Years-6.89%
TTM-4.81%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-356.97%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-2108.39%
Return on Capital
10 Years23.37%
5 Years15.83%
3 Years-2.47%
Last Year-8.21%
FGI Peer Comparison
FGI Industries Ltd. (FGI) competitors in Cabinetry, Fixtures and Surfaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SWIM | 680.7M | 5.82 | 62.72 | 7.35% | 1.55% | 2.13% | 0.09 | |
 LESL | 85.83M | 9.17 | -0.36 | -6.63% | -22.64% | |||
 DORM | 3.76B | 125.66 | 18.92 | 6.03% | 8.84% | 13.06% | 0.43 | |
 AMWD | 700.65M | 48.09 | 7.40 | -7.47% | 1.15% | 1.91% | 0.56 | |
 MAS | 15.01B | 74.38 | 19.27 | -3.4% | 10.9% | 7.99% | 45.81 | |
 LXFR | 510.42M | 19.08 | 16.59 | -1.86% | 7.91% | 12.79% | 0.17 | |
 UFPI | 4.92B | 86.58 | 17.32 | -4.99% | 4.27% | 8.41% | 0.07 | |
 HD | 332.95B | 334.28 | 23.49 | 3.24% | 8.41% | 113.3% | 5.10 |
Compare FGI vs Peers
FGI Industries Ltd. (FGI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FGI Income Statement
FGI Industries Ltd. (FGI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 126.28M | 134.83M | 181.94M | 161.72M | 117.24M | 131.82M | 130.53M | 127.82M |
Revenue Growth % | - | 6.77% | 34.94% | -11.12% | -27.5% | 12.43% | -0.98% | -4.81% |
Cost of Goods Sold | 100.84M | 106.42M | 149.74M | 130.21M | 85.16M | 96.39M | 95.28M | 93.12M |
COGS % of Revenue | 79.86% | 78.93% | 82.3% | 80.52% | 72.64% | 73.12% | 72.99% | - |
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% | 35.25M▼ 0.5% | 34.69M▲ 0% |
Gross Margin % | 20.14% | 21.07% | 17.7% | 19.48% | 27.36% | 26.88% | 27.01% | 27.14% |
Gross Profit Growth % | - | 11.66% | 13.37% | -2.15% | 1.8% | 10.44% | -0.5% | - |
Operating Expenses | 22.98M | 22.12M | 24.48M | 26.42M | 29.77M | 37.53M | 37.65M | 36.51M |
OpEx % of Revenue | 18.2% | 16.41% | 13.45% | 16.34% | 25.39% | 28.47% | 28.85% | - |
Selling, General & Admin | 22.27M | 21.31M | 23.83M | 25.36M | 28.4M | 35.83M | 36.24M | 34.94M |
SG&A % of Revenue | 17.64% | 15.8% | 13.1% | 15.68% | 24.22% | 27.18% | 27.76% | - |
Research & Development | 703.78K | 814.25K | 646.07K | 1.05M | 1.38M | 1.7M | 1.42M | -34.12K |
R&D % of Revenue | 0.56% | 0.6% | 0.36% | 0.65% | 1.17% | 1.29% | 1.09% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
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% | -2.4M▼ 14.4% | -1.81M▲ 0% |
Operating Margin % | 1.95% | 4.66% | 4.25% | 3.15% | 1.97% | -1.59% | -1.84% | -1.42% |
Operating Income Growth % | - | 155.16% | 22.96% | -34.08% | -54.74% | -191.11% | -14.41% | - |
EBITDA | 2.99M | 6.84M | 8.01M | 5.31M | 4.32M | 1.08M | 504.11K | -366.92K |
EBITDA Margin % | 2.37% | 5.08% | 4.4% | 3.28% | 3.69% | 0.82% | 0.39% | -0.29% |
EBITDA Growth % | - | 129.08% | 17.08% | -33.71% | -18.62% | -75.08% | -53.19% | -251.83% |
D&A (Non-Cash Add-back) | 525.13K | 560.8K | 287.08K | 218.66K | 2.02M | 3.18M | 2.91M | 1.45M |
EBIT | 2.42M | 5.92M | 9.28M | 5.14M | 2.14M | -1.04M | -2.4M | -2.31M |
Net Interest Income | -436.75K | -386.62K | -374.04K | -597.64K | -739.19K | -1.24M | -1.33M | -1.38M |
Interest Income | 11.66K | 32.24K | 37.14K | 3.16K | 10.54K | 9.79K | 5.14K | 5.58K |
Interest Expense | 448.41K | 418.87K | 411.19K | 600.8K | 749.73K | 1.25M | 1.33M | 1.38M |
Other Income/Expense | -486.96K | -776.92K | 1.14M | -551.43K | -916.65K | -182.51K | -1.94M | -2.09M |
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% | -4.34M▼ 90.1% | -3.9M▲ 0% |
Pretax Margin % | 1.56% | 4.08% | 4.87% | 2.81% | 1.18% | -1.73% | -3.32% | -3.05% |
Income Tax | 404K | 774.44K | 961.63K | 860.63K | 808.22K | -547.82K | 2.79M | 3.55M |
Effective Tax Rate % | 20.45% | 14.07% | 10.84% | 18.95% | 58.24% | 24.01% | -64.22% | -90.98% |
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% | -6.14M▼ 411.2% | -6.48M▲ 0% |
Net Margin % | 1.24% | 3.51% | 4.35% | 2.28% | 0.63% | -0.91% | -4.7% | -5.07% |
Net Income Growth % | - | 201.11% | 67.12% | -53.45% | -80.06% | -263.72% | -411.16% | -356.97% |
Net Income (Continuing) | 1.57M | 4.73M | 7.91M | 3.68M | 579.56K | -1.73M | -7.13M | -7.45M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | -154.04K | -687.23K | -1.67M | -1.85M |
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% | -3.20▼ 2361.5% | -3.37▲ 0% |
EPS Growth % | - | 194.12% | 66% | -53.01% | -80.85% | -274.03% | -2361.54% | -2108.39% |
EPS (Basic) | 0.17 | 0.50 | 0.83 | 0.39 | 0.08 | -0.13 | -3.20 | - |
Diluted Shares Outstanding | 9.5M | 9.5M | 9.5M | 9.5M | 9.82M | 9.57M | 1.92M | 1.92M |
Basic Shares Outstanding | 9.5M | 9.5M | 9.5M | 9.5M | 9.53M | 9.57M | 1.92M | 1.92M |
Dividend Payout Ratio | 130.09% | 150.45% | 24.63% | - | - | - | - | - |
FGI Balance Sheet
FGI Industries Ltd. (FGI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 28.4M | 33.73M | 56.16M | 45.89M | 46.11M | 52.9M | 51.54M | 50.94M |
Cash & Short-Term Investments | 2.42M | 4.02M | 3.88M | 10.07M | 7.78M | 4.56M | 1.9M | 2.66M |
Cash Only | 2.42M | 4.02M | 3.88M | 10.07M | 7.78M | 4.56M | 1.9M | 2.66M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 15.69M | 17.34M | 26.35M | 14.3M | 16.2M | 20.29M | 13.85M | 13.64M |
Days Sales Outstanding | 45.34 | 46.94 | 52.86 | 32.27 | 50.42 | 56.19 | 38.72 | 43.78 |
Inventory | 9.29M | 8.31M | 21.26M | 13.29M | 9.92M | 13.96M | 15.29M | 14.23M |
Days Inventory Outstanding | 33.64 | 28.5 | 51.83 | 37.26 | 42.53 | 52.85 | 58.59 | 53.44 |
Other Current Assets | 196.31K | 154.16K | 179.84K | 561.82K | 664.41K | 12.28M | 20.5M | 18.1M |
Total Non-Current Assets | 11.11M | 11.42M | 12.99M | 14.48M | 19.63M | 22.56M | 17.99M | 18.38M |
Property, Plant & Equipment | 9.58M | 9.86M | 8.48M | 11.09M | 17.11M | 16.46M | 14.89M | 14.32M |
Fixed Asset Turnover | 13.18x | 13.68x | 21.47x | 14.59x | 6.85x | 8.01x | 8.77x | 8.47x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 213.42K | 128.05K | 42.68K | 42.68K | 102.23K | 1.85M | 1.73M | 1.68M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 379.34K | 171K | 2.99M | 2.09M | 1.25M | 1.59M | 1.16M | 1.01M |
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% | 69.54M▼ 7.9% | 69.32M▲ 0% |
Asset Turnover | 3.20x | 2.99x | 2.63x | 2.68x | 1.78x | 1.75x | 1.88x | 1.80x |
Asset Growth % | - | 14.25% | 53.17% | -12.7% | 8.91% | 14.78% | -7.85% | -6.17% |
Total Current Liabilities | 28.81M | 35.42M | 54.72M | 29.78M | 28.04M | 42.54M | 43.91M | 44.26M |
Accounts Payable | 16.7M | 19.51M | 30.79M | 14.82M | 15.26M | 20.24M | 24.74M | 23.91M |
Days Payables Outstanding | 60.43 | 66.91 | 75.05 | 41.55 | 65.4 | 76.66 | 94.77 | 91.13 |
Short-Term Debt | 8.21M | 11.07M | 14.66M | 9.8M | 6.96M | 14.5M | 13.57M | 14.87M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 1.22M | 0 | 0 | 0 | 5.61M | 5.47M |
Current Ratio | 0.99x | 0.95x | 1.03x | 1.54x | 1.64x | 1.24x | 1.17x | 1.15x |
Quick Ratio | 0.66x | 0.72x | 0.64x | 1.09x | 1.29x | 0.92x | 0.83x | 0.83x |
Cash Conversion Cycle | 18.54 | 8.52 | 29.65 | 27.97 | 27.55 | 32.39 | 2.54 | 6.1 |
Total Non-Current Liabilities | 7.09M | 8.2M | 6.88M | 7.85M | 13.67M | 11.35M | 10.01M | 10.74M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 7.09M | 8.2M | 6.88M | 7.85M | 13.67M | 11.35M | 10.01M | 40.76M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.16M |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 35.9M | 43.62M | 61.6M | 37.62M | 41.72M | 53.9M | 53.93M | 55M |
Total Debt | 17.06M | 20.52M | 22.86M | 19.19M | 22.23M | 27.72M | 23.58M | 24.45M |
Net Debt | 14.64M | 16.5M | 18.97M | 9.12M | 14.45M | 23.17M | 21.68M | 21.79M |
Debt / Equity | 4.71x | 13.39x | 3.03x | 0.84x | 0.93x | 1.29x | 1.51x | 1.71x |
Debt / EBITDA | 5.71x | 3.00x | 2.85x | 3.61x | 5.14x | 25.74x | 46.78x | -66.63x |
Net Debt / EBITDA | 4.90x | 2.41x | 2.37x | 1.72x | 3.34x | 21.51x | 43.01x | -59.39x |
Interest Coverage | 5.40x | 14.14x | 22.57x | 8.56x | 2.85x | -0.83x | -1.81x | -1.67x |
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% | 15.61M▼ 27.6% | 14.31M▲ 0% |
Equity Growth % | - | -57.69% | 392.9% | 201.26% | 5.64% | -10.24% | -27.62% | -91.81% |
Book Value per Share | 0.38 | 0.16 | 0.79 | 2.39 | 2.45 | 2.25 | 8.14 | 7.45 |
Total Shareholders' Equity | 3.62M | 1.53M | 7.55M | 22.74M | 24.18M | 22.25M | 17.28M | 16.16M |
Common Stock | 3.62M | 700 | 700 | 950 | 955 | 956 | 960 | 964 |
Retained Earnings | 0 | 0 | 0 | 3.68M | 4.41M | 3.21M | -2.93M | -3.9M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 3.62M | 1.53M | 7.55M | -1.4M | -1.11M | -2.24M | -1.4M | -1.44M |
Minority Interest | 0 | 0 | 0 | 0 | -154.04K | -687.23K | -1.67M | -1.85M |
FGI Cash Flow Statement
FGI Industries Ltd. (FGI) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.29M | 5.8M | -3.22M | 980.26K | 1.39M | -7.43M | 673.22K | 2M |
Operating CF Margin % | 1.02% | 4.3% | -1.77% | 0.61% | 1.19% | -5.63% | 0.52% | - |
Operating CF Growth % | - | 348.47% | -155.47% | 130.47% | 41.77% | -634.31% | 109.07% | 314.56% |
Net Income | 1.57M | 4.73M | 7.91M | 3.68M | 733.6K | -1.73M | -6.14M | -6.48M |
Depreciation & Amortization | 525.13K | 352.47K | 287.08K | 218.66K | 2.02M | 3.18M | 2.91M | 2.36M |
Stock-Based Compensation | 0 | 0 | 0 | 383.57K | 417.98K | 401.22K | 0 | 26.43K |
Deferred Taxes | -183.62K | -322.35K | -215.19K | 213.05K | 96.71K | -1.5M | 2.45M | 3.21M |
Other Non-Cash Items | -212.01K | 1.24M | 1.08M | -1.43M | -741.64K | -264.31K | 82.24K | 1.05M |
Working Capital Changes | -407.36K | -202.11K | -12.28M | -2.09M | -1.13M | -7.51M | 1.37M | 2.13M |
Change in Receivables | 2.06M | -2.03M | -11.12M | 13.49M | -1.13M | -4.93M | 6.27M | 5.3M |
Change in Inventory | 381.76K | 985.03K | -12.96M | 7.97M | 3.37M | -4.03M | -1.33M | -1.68M |
Change in Payables | -3.06M | 2.81M | 12.5M | -17.19M | 436.5K | 4.98M | 4.49M | 6.72M |
Cash from Investing | -233.86K | -76.53K | -51.89K | -1.06M | -942.61K | -2.88M | -1.02M | -645.42K |
Capital Expenditures | -233.86K | -76.53K | -57.84K | -1.06M | -840.39K | -2.21M | -885.74K | -615.59K |
CapEx % of Revenue | 0.19% | 0.06% | 0.03% | 0.66% | 0.72% | 1.67% | 0.68% | 0.48% |
Acquisitions | 0 | 0 | 5.95K | 400 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | -102.23K | -669.76K | -130.11K | -29.83K |
Cash from Financing | -1.98M | -4.25M | 3.32M | 7.01M | -2.84M | 7.54M | -2.63M | -27.87K |
Debt Issued (Net) | 65.72K | 2.87M | 5.26M | -4.86M | -2.84M | 7.54M | 0 | 2.18M |
Equity Issued (Net) | 0 | 0 | 0 | 12.37M | 0 | 0 | 0 | 0 |
Dividends Paid | -2.04M | -7.12M | -1.95M | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | -498K | 0 | 0 | -2.63M | -2.21M |
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% | -2.66M▲ 17.4% | 1.43M▲ 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% | -212.52K▲ 97.8% | 1.41M▲ 0% |
FCF Margin % | 0.84% | 4.24% | -1.8% | -0.05% | 0.38% | -7.31% | -0.16% | 1.1% |
FCF Growth % | - | 440.25% | -157.23% | 97.44% | 632.51% | -2254.26% | 97.79% | 141.42% |
FCF per Share | 0.11 | 0.60 | -0.34 | -0.01 | 0.05 | -1.01 | -0.11 | 0.73 |
FCF Conversion (FCF/Net Income) | 0.82x | 1.23x | -0.41x | 0.27x | 1.89x | 6.18x | -0.11x | -0.22x |
Interest Paid | 0 | 0 | 406.86K | 600.04K | 749.65K | 1.23M | 0 | 286.86K |
Taxes Paid | 0 | 0 | 545.1K | 1.84M | 552.16K | 1.11M | 0 | 21.3K |
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 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 183.65% | 174.11% | 24.29% | 3.14% | -5.27% | -33.03% | -37.76% |
Return on Invested Capital (ROIC) | 25.97% | 26.01% | 13.08% | 4.91% | -3.78% | -4.39% | -3.42% |
Gross Margin | 21.07% | 17.7% | 19.48% | 27.36% | 26.88% | 27.01% | 27.14% |
Net Margin | 3.51% | 4.35% | 2.28% | 0.63% | -0.91% | -4.7% | -5.07% |
Debt / Equity | 13.39x | 3.03x | 0.84x | 0.93x | 1.29x | 1.51x | 1.71x |
Interest Coverage | 14.14x | 22.57x | 8.56x | 2.85x | -0.83x | -1.81x | -1.67x |
FCF Conversion | 1.23x | -0.41x | 0.27x | 1.89x | 6.18x | -0.11x | -0.22x |
Revenue Growth | 6.77% | 34.94% | -11.12% | -27.5% | 12.43% | -0.98% | -4.81% |
Related:FGI Dividend History·FGI Revenue History·FGI Price History·FGI P/E History·FGI Financial Ratios·FGI Institutional Holders
FGI SEC Filings & Documents
FGI Industries Ltd. (FGI) SEC filings — annual & quarterly reports (10-K, 10-Q)
FGI Frequently Asked Questions
FGI Industries Ltd. (FGI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
FGI Industries Ltd. (FGI) reported $127.8M in revenue for fiscal year 2025. This represents a 1% increase from $126.3M in 2019.
FGI Industries Ltd. (FGI) grew revenue by 0.0% over the past year. Growth has been modest.
FGI Industries Ltd. (FGI) reported a net loss of $6.5M for fiscal year 2025.
Dividend & Returns
FGI Industries Ltd. (FGI) has a return on equity (ROE) of -39.3%. Negative ROE indicates the company is unprofitable.
FGI Industries Ltd. (FGI) generated $1.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.