Saturday 17 October 2026 Export FGI’s income statement to Excel — free account

FGI Industries Ltd.

FGI Consumer Cyclical Furnishings Fixtures & Appliances

FGI Industries Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $130.5 million, down 0.98% from fiscal 2024. In the quarter to June 2026, revenue grew 2.86%, EPS grew 204.7% and free cash flow grew 22.8%, each against the same quarter a year earlier.

7.49 0.02 −0.27%

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Market cap: $14.5M
P/E: 0.0×
Fwd P/E: −8.3×
Dividend yield: —
F-score: 4/9
Altman Z: 1.96
Beneish M: −3.15
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 73.06%

Capital & Financial Ratios $m

Market Cap 14.50

Revenue 128.71

Net Income (4.96)

Free Cash Flow 1.73

Net Debt (4.42)

Current Ratio 1.18

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (8.25)

P/S ratio 0.11

P/B ratio 0.96

Past 5Y EPS Growth —

This Y EPS Growth 115.01%

Next Y EPS Growth 100.00%

Next Y revenue growth 3.43%

Next 5Y EPS Growth 52.86%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 58.97%

10-year low 10-year high

P/B against its own 10 years 79.95%

10-year low 10-year high

EV/Sales against its own 10 years 74.56%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	5	2	4
Receivables	24	32	31	31
Inventory	10	14	15	12
Other	5	2	3	4
	46	53	52	52

	2023	2024	2025	Q'26
Payables	15	20	25	23
ST’ Debt	—	—	—	—
Other	—	—	—	—
	28	43	44	44

Compound Annual Growth %

	10y	5y	3y
Sales	—	(0.65%)	(6.89%)
Cash Flow	—	(34.96%)	(11.77%)
Earnings	—	0.00%	0.00%
Book Value	—	59.09%	(11.79%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	31	32	—	—	—
’25	33	31	36	30	131
’24	31	29	36	36	132
’23	27	29	30	31	117
’22	44	48	39	32	162
’21	36	42	51	52	182
’20	—	—	36	—	135

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	2	—	—	—
’25	(2)	2	(2)	2	1
’24	(8)	1	(1)	1	(7)
’23	(1)	1	(1)	4	2
’22	(9)	(4)	7	7	1
’21	(1)	1	0	(4)	(3)
’20	—	—	—	6	6

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	2	—	—	—
’25	(2)	2	(2)	2	0
’24	(9)	0	(1)	0	(10)
’23	(1)	0	(2)	3	0
’22	(9)	(4)	5	8	0
’21	(1)	1	0	(4)	(3)
’20	—	—	—	6	6

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.50)	0.65	—	—	—
’25	(0.35)	(0.64)	(0.86)	(1.37)	(3.20)
’24	(0.20)	0.10	(0.30)	(0.20)	(0.65)
’23	(0.15)	0.05	0.20	0.25	0.35
’22	0.25	0.50	0.55	0.35	1.95
’21	2.12	1.79	1.00	0.75	5.65
’20	—	—	—	—	3.38

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	9.74	6.30	3.50	2.29	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	31.25	12.30	9.25	12.62
People
People	Employees	—	—	—	—	130	136	145	287	420	426
	Revenue/emp, $m	—	—	—	0.00	1.04	1.34	1.12	0.41	0.31	0.31
Income, $m
Income, $m	Revenue	—	—	—	126	135	182	162	117	132	131
	Gross margin, %	—	—	—	20.14	21.07	17.70	19.48	27.36	26.88	27.01
	EBT	—	—	—	2	6	9	5	1	(2)	(4)
	EBT margin, %	—	—	—	1.56	4.08	4.87	2.81	1.18	(1.73)	(3.32)
	Net income	—	0	—	2	5	8	4	1	(2)	(7)
	Depreciation	—	—	—	1	0	0	0	2	3	3
Per share, $
Per share, $	Revenue	—	—	—	13.29	96.31	129.96	86.61	61.54	68.91	68.05
	Earnings	—	—	—	0.17	3.38	5.65	1.95	0.40	(0.65)	(3.20)
	Cash flow	—	—	—	0.14	4.13	(2.30)	0.53	1.16	(3.88)	0.35
	Capex	—	—	—	(0.02)	(0.04)	(0.04)	(0.57)	(0.93)	(1.50)	(0.53)
	Free cash flow	—	—	—	0.11	4.09	(2.34)	(0.04)	0.23	(5.38)	(0.18)
	Book value	—	—	—	0.38	1.09	5.39	12.18	12.61	11.27	8.14
	Shares, m	—	—	—	10	1	1	2	2	2	2
Valuation, ×
Valuation, ×	P/E	—	—	—	3.45	3.45	3.45	5.50	21.13	0.00	0.00
	P/S	—	—	—	0.15	0.15	0.15	0.13	0.14	0.06	0.08
	P/B	—	—	—	3.62	3.62	3.62	0.90	0.67	0.34	0.70
	EV/Sales	—	—	—	0.13	0.13	0.13	0.06	0.07	0.02	0.07
	EV/FCF	—	—	—	(7.16)	(7.16)	(7.16)	(125.41)	6.06	(0.28)	(26.37)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	1	6	(3)	1	2	(7)	1
	Capex	—	—	—	0	0	0	(1)	(2)	(3)	(1)
	Free cash flow	—	—	—	1	6	(3)	0	0	(10)	0
Balance, $m
Balance, $m	Working capital	—	—	—	0	(2)	1	16	18	10	8
	Total debt	—	—	—	17	21	23	19	—	—	—
	Net debt	—	—	—	(2)	(4)	(4)	(10)	(8)	(5)	(2)
	Shareholders’ equity	—	—	—	4	2	8	23	24	22	16
Returns, %
Returns, %	ROA	—	—	—	7.95	11.18	13.83	5.68	1.16	(1.70)	(8.47)
	ROIC	—	—	—	127.86	0.00	131.70	25.10	8.86	(7.72)	(10.95)
	ROE	—	—	—	60.99	183.64	174.11	24.29	3.14	(5.27)	(33.03)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KEQU Kewaunee Scientific Corporation	$93.2M	11.5×	— (loss-making)	−6.73% (below 0%: shrinking)	−45.37% (below 0%: shrinking)	−76.02% (below 0%: shrinking)	29.61%	4.76%	Compare
VIOT Viomi Technology Co., Ltd. Sponsored ADR	$46.3M	— (loss-making)	7.8×	−44.49% (below 0%: shrinking)	n/m	−1,075.29% (below 0%: shrinking)	22.74%	(6.52%)	Compare
MWYN Marwynn Holdings, Inc.	$39.0M	— (loss-making)	—	+2,540.19% (above 0%: growing)	n/m	−245.64% (below 0%: shrinking)	21.57%	(7.71%)	Compare
CRWS Crown Crafts, Inc.	$26.2M	5.1×	8.2×	+8.32% (above 0%: growing)	n/m	+3.72% (above 0%: growing)	47.90%	16.69%	Compare
EFOI Energy Focus, Inc.	$18.2M	— (loss-making)	— (loss-making)	+228.00% (above 0%: growing)	n/m	−280.93% (below 0%: shrinking)	(6.80%)	(23.15%)	Compare
FGI FGI Industries Ltd.	$14.5M	— (loss-making)	— (loss-making)	+2.86% (above 0%: growing)	n/m	+22.78% (above 0%: growing)	33.44%	4.39%
PRPL PURPLE INNOVATION, INC.	$9.9M	— (loss-making)	— (loss-making)	−6.50% (below 0%: shrinking)	n/m	+76.33% (above 0%: growing)	45.19%	(4.32%)	Compare
NCLX Northann Corp.	$8.5M	— (loss-making)	—	+44.33% (above 0%: growing)	n/m	−39.01% (below 0%: shrinking)	(9.97%)	(57.47%)	Compare
SNBRQ Sleep Number Corporation	$2.9M	— (loss-making)	— (loss-making)	−18.89% (below 0%: shrinking)	n/m	−82.59% (below 0%: shrinking)	57.88%	(11.55%)	Compare
Median of peers	$22.2M	—	—	+0.91%	—	−79.30%	26.18%	(7.11%)

All 31 Furnishings Fixtures & Appliances stocks →

FGI Industries Ltd. (FGI) key facts

Concern: FGI Industries Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $130.5 million, down 0.98% from fiscal 2024.
FGI Industries Ltd. (FGI) is a Furnishings Fixtures & Appliances company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, FGI traded at $7.49, a market capitalization of $14.5 million.
Return on equity was −33.0% and debt-to-equity 0.00.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.96 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.