FGI Industries Ltd. (FGI) Revenue History
Annual and quarterly revenue from 2019 to present
FGI Revenue Over Time (2019–2025)
FGI Revenue Growth History
3 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +6.8%
- FY2021 revenue growth
- +34.9%
- FY2022 revenue growth
- -11.1%
- FY2023 revenue growth
- -27.5%
- FY2024 revenue growth
- +12.4%
- FY2025 revenue growth
- -1.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $30.5M | -8.2% |
| Q4 2025 | $30.5M | -14.4% |
| Q3 2025 | $35.8M | -0.7% |
| Q2 2025 | $31.0M | +5.5% |
| Q1 2025 | $33.2M | +8.0% |
| Q4 2024 | $35.6M | +15.0% |
| Q3 2024 | $36.1M | +20.6% |
| Q2 2024 | $29.4M | +0.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
FGI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FGI Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 29, 2026, FGI Industries Ltd. (FGI) generated trailing twelve-month (TTM) revenue of $127.8 million, reflecting moderate decline in growth of -8.2% year-over-year. The most recent quarter (Q1 2026) recorded $30.5 million in revenue, up 0.1% sequentially.
Historical Growth Trajectory
FGI's 5-year compound annual growth rate (CAGR) stands at -0.6%, indicating revenue contraction over this period. The 3-year CAGR of -6.9% is below the 5-year average, signalling a growth deceleration in recent years. FGI Industries Ltd.'s highest annual revenue of $181.9 million was recorded in 2021.
Revenue by Segment
FGI's revenue is primarily driven by Sanitaryware (74%), Bath Furniture (13%), and Others (12%). With over half of revenue concentrated in Sanitaryware, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including SWIM (+8.3% YoY), LESL (-7.5% YoY), and DORM (+5.0% YoY) — FGI has underperformed the peer group in revenue growth. Compare FGI vs SWIM →
FGI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FGICurrent | $128M | -8.2% | -0.6% | -1.8% | |
 SWIM | $546M | +8.3% | +6.2% | 5.8% | |
 LESL | $1.2B | -7.5% | +2.2% | 1.7% | |
 DORM | $2.1B | +5.0% | +14.3% | 16.8% | |
 AMWD | $1.7B | -13.6% | +0.7% | 8.2% | |
 MAS | $7.6B | -0.3% | +1.0% | 16.8% |
FGI Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $130.5M | -1.0% | $35.3M | 27.0% | $-2,402,056 | -1.8% |
| 2024 | $131.8M | +12.4% | $35.4M | 26.9% | $-2,099,591 | -1.6% |
| 2023 | $117.2M | -27.5% | $32.1M | 27.4% | $2.3M | 2.0% |
| 2022 | $161.7M | -11.1% | $31.5M | 19.5% | $5.1M | 3.1% |
| 2021 | $181.9M | +34.9% | $32.2M | 17.7% | $7.7M | 4.2% |
| 2020 | $134.8M | +6.8% | $28.4M | 21.1% | $6.3M | 4.7% |
| 2019 | $126.3M | - | $25.4M | 20.1% | $2.5M | 1.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FGI — Frequently Asked Questions
Quick answers to the most common questions about buying FGI stock.
Is FGI's revenue growth accelerating or slowing?
FGI revenue is declining -8.2% year-over-year. TTM revenue fell to $128M, contrasting with the 5-year CAGR of -0.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is FGI's revenue history from 2019 to 2026?
FGI Industries Ltd. (FGI) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $128M, growing at -8.2% YoY. The 5-year CAGR is -0.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FGI's long-term revenue growth rate (CAGR)?
FGI Industries Ltd.'s 5-year revenue CAGR of -0.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -8.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FGI.
Why does FGI's quarterly revenue fluctuate?
FGI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. FGI Industries Ltd.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is FGI's revenue distributed by segment?
FGI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FGI's revenue compare to industry peers?
FGI Industries Ltd. (FGI) with TTM revenue of $128M and -8.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.