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Side-by-side financial comparison of Arteris, Inc. (AIP) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $20.1M, roughly 1.5× Arteris, Inc.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -42.2%, a 33.6% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs -14.4%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $2.3M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs -0.5%).
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
AIP vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $30.5M |
| Net Profit | $-8.5M | $-2.6M |
| Gross Margin | 90.8% | 26.7% |
| Operating Margin | -42.0% | -2.2% |
| Net Margin | -42.2% | -8.6% |
| Revenue YoY | 30.0% | -14.4% |
| Net Profit YoY | -3.7% | -553.1% |
| EPS (diluted) | $-0.19 | $-1.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $20.1M | $30.5M | ||
| Q3 25 | $17.4M | $35.8M | ||
| Q2 25 | $16.5M | $31.0M | ||
| Q1 25 | $16.5M | $33.2M | ||
| Q4 24 | $15.5M | $35.6M | ||
| Q3 24 | $14.7M | $36.1M | ||
| Q2 24 | $14.6M | $29.4M | ||
| Q1 24 | $12.9M | $30.8M |
| Q4 25 | $-8.5M | $-2.6M | ||
| Q3 25 | $-9.0M | $-1.7M | ||
| Q2 25 | $-9.1M | $-1.2M | ||
| Q1 25 | $-8.1M | $-629.1K | ||
| Q4 24 | $-8.2M | $-402.3K | ||
| Q3 24 | $-7.7M | $-550.1K | ||
| Q2 24 | $-8.3M | $163.6K | ||
| Q1 24 | $-9.4M | $-412.2K |
| Q4 25 | 90.8% | 26.7% | ||
| Q3 25 | 89.9% | 26.5% | ||
| Q2 25 | 89.4% | 28.1% | ||
| Q1 25 | 90.8% | 26.8% | ||
| Q4 24 | 89.8% | 24.6% | ||
| Q3 24 | 90.1% | 25.8% | ||
| Q2 24 | 90.0% | 30.5% | ||
| Q1 24 | 88.7% | 27.4% |
| Q4 25 | -42.0% | -2.2% | ||
| Q3 25 | -50.1% | 1.0% | ||
| Q2 25 | -50.0% | -2.7% | ||
| Q1 25 | -46.6% | -3.9% | ||
| Q4 24 | -45.9% | -3.5% | ||
| Q3 24 | -53.8% | -0.2% | ||
| Q2 24 | -51.1% | -1.5% | ||
| Q1 24 | -70.5% | -1.0% |
| Q4 25 | -42.2% | -8.6% | ||
| Q3 25 | -51.6% | -4.6% | ||
| Q2 25 | -55.3% | -4.0% | ||
| Q1 25 | -49.1% | -1.9% | ||
| Q4 24 | -53.0% | -1.1% | ||
| Q3 24 | -52.2% | -1.5% | ||
| Q2 24 | -57.2% | 0.6% | ||
| Q1 24 | -72.6% | -1.3% |
| Q4 25 | $-0.19 | $-1.63 | ||
| Q3 25 | $-0.21 | $-0.86 | ||
| Q2 25 | $-0.22 | $-0.64 | ||
| Q1 25 | $-0.20 | $-0.07 | ||
| Q4 24 | $-0.19 | $-0.38 | ||
| Q3 24 | $-0.20 | $-0.29 | ||
| Q2 24 | $-0.22 | $0.08 | ||
| Q1 24 | $-0.25 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $33.9M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $17.3M |
| Total Assets | $115.0M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $1.9M | ||
| Q3 25 | $39.0M | $1.9M | ||
| Q2 25 | $38.0M | $2.5M | ||
| Q1 25 | $42.3M | $1.2M | ||
| Q4 24 | $43.8M | $4.6M | ||
| Q3 24 | $48.7M | $3.0M | ||
| Q2 24 | $45.8M | $1.3M | ||
| Q1 24 | $44.8M | $3.3M |
| Q4 25 | $-14.6M | $17.3M | ||
| Q3 25 | $-11.4M | $19.7M | ||
| Q2 25 | $-7.5M | $21.3M | ||
| Q1 25 | $-4.8M | $21.8M | ||
| Q4 24 | $-1.2M | $22.3M | ||
| Q3 24 | $2.2M | $23.5M | ||
| Q2 24 | $5.3M | $23.8M | ||
| Q1 24 | $9.5M | $23.9M |
| Q4 25 | $115.0M | $69.5M | ||
| Q3 25 | $107.7M | $73.0M | ||
| Q2 25 | $106.9M | $71.7M | ||
| Q1 25 | $98.3M | $68.5M | ||
| Q4 24 | $106.1M | $75.5M | ||
| Q3 24 | $97.7M | $74.7M | ||
| Q2 24 | $96.4M | $69.9M | ||
| Q1 24 | $101.4M | $68.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.2M | $2.3M |
| Free Cash FlowOCF − Capex | $3.0M | $2.3M |
| FCF MarginFCF / Revenue | 15.1% | 7.5% |
| Capex IntensityCapex / Revenue | 0.7% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $2.3M | ||
| Q3 25 | $3.2M | $-1.9M | ||
| Q2 25 | $-2.5M | $7.6M | ||
| Q1 25 | $2.9M | $-7.4M | ||
| Q4 24 | $-2.6M | $617.4K | ||
| Q3 24 | $1.1M | $-915.0K | ||
| Q2 24 | $311.0K | $862.1K | ||
| Q1 24 | $477.0K | $-8.0M |
| Q4 25 | $3.0M | $2.3M | ||
| Q3 25 | $2.5M | $-2.1M | ||
| Q2 25 | $-2.8M | $7.4M | ||
| Q1 25 | $2.7M | $-7.7M | ||
| Q4 24 | $-2.7M | $-214.1K | ||
| Q3 24 | $1.1M | $-1.1M | ||
| Q2 24 | $264.0K | $281.5K | ||
| Q1 24 | $281.0K | $-8.6M |
| Q4 25 | 15.1% | 7.5% | ||
| Q3 25 | 14.2% | -5.9% | ||
| Q2 25 | -17.2% | 23.8% | ||
| Q1 25 | 16.2% | -23.3% | ||
| Q4 24 | -17.3% | -0.6% | ||
| Q3 24 | 7.4% | -3.0% | ||
| Q2 24 | 1.8% | 1.0% | ||
| Q1 24 | 2.2% | -28.0% |
| Q4 25 | 0.7% | 0.2% | ||
| Q3 25 | 4.1% | 0.7% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 1.1% | 1.1% | ||
| Q4 24 | 0.3% | 2.3% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 1.5% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
