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Side-by-side financial comparison of AEMETIS, INC (AMTX) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $30.5M, roughly 1.4× FGI Industries Ltd.). On growth, AEMETIS, INC posted the faster year-over-year revenue change (-7.9% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-10.8M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -22.8%).
Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.
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.
AMTX vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $30.5M |
| Net Profit | — | $-2.6M |
| Gross Margin | 17.8% | 26.7% |
| Operating Margin | -5.7% | -2.2% |
| Net Margin | — | -8.6% |
| Revenue YoY | -7.9% | -14.4% |
| Net Profit YoY | — | -553.1% |
| EPS (diluted) | $-0.03 | $-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 | $43.3M | $30.5M | ||
| Q3 25 | $59.2M | $35.8M | ||
| Q2 25 | $52.2M | $31.0M | ||
| Q1 25 | $42.9M | $33.2M | ||
| Q4 24 | $47.0M | $35.6M | ||
| Q3 24 | $81.4M | $36.1M | ||
| Q2 24 | $66.6M | $29.4M | ||
| Q1 24 | $72.6M | $30.8M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-23.7M | $-1.7M | ||
| Q2 25 | $-23.4M | $-1.2M | ||
| Q1 25 | $-24.5M | $-629.1K | ||
| Q4 24 | — | $-402.3K | ||
| Q3 24 | $-17.9M | $-550.1K | ||
| Q2 24 | $-29.2M | $163.6K | ||
| Q1 24 | $-24.2M | $-412.2K |
| Q4 25 | 17.8% | 26.7% | ||
| Q3 25 | -0.1% | 26.5% | ||
| Q2 25 | -6.4% | 28.1% | ||
| Q1 25 | -11.8% | 26.8% | ||
| Q4 24 | -4.3% | 24.6% | ||
| Q3 24 | 4.8% | 25.8% | ||
| Q2 24 | -2.7% | 30.5% | ||
| Q1 24 | -0.8% | 27.4% |
| Q4 25 | -5.7% | -2.2% | ||
| Q3 25 | -14.4% | 1.0% | ||
| Q2 25 | -20.4% | -2.7% | ||
| Q1 25 | -36.3% | -3.9% | ||
| Q4 24 | -28.7% | -3.5% | ||
| Q3 24 | -4.8% | -0.2% | ||
| Q2 24 | -20.4% | -1.5% | ||
| Q1 24 | -13.0% | -1.0% |
| Q4 25 | — | -8.6% | ||
| Q3 25 | -40.1% | -4.6% | ||
| Q2 25 | -44.8% | -4.0% | ||
| Q1 25 | -57.2% | -1.9% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | -22.0% | -1.5% | ||
| Q2 24 | -43.8% | 0.6% | ||
| Q1 24 | -33.4% | -1.3% |
| Q4 25 | $-0.03 | $-1.63 | ||
| Q3 25 | $-0.37 | $-0.86 | ||
| Q2 25 | $-0.41 | $-0.64 | ||
| Q1 25 | $-0.47 | $-0.07 | ||
| Q4 24 | $-0.29 | $-0.38 | ||
| Q3 24 | $-0.38 | $-0.29 | ||
| Q2 24 | $-0.66 | $0.08 | ||
| Q1 24 | $-0.58 | $-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 | $4.9M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $17.3M |
| Total Assets | $259.8M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $1.9M | ||
| Q3 25 | $5.6M | $1.9M | ||
| Q2 25 | $1.6M | $2.5M | ||
| Q1 25 | $499.0K | $1.2M | ||
| Q4 24 | $898.0K | $4.6M | ||
| Q3 24 | $296.0K | $3.0M | ||
| Q2 24 | $234.0K | $1.3M | ||
| Q1 24 | $1.6M | $3.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | — | ||
| Q2 24 | $309.0M | — | ||
| Q1 24 | $307.2M | — |
| Q4 25 | $-306.8M | $17.3M | ||
| Q3 25 | $-304.9M | $19.7M | ||
| Q2 25 | $-289.3M | $21.3M | ||
| Q1 25 | $-280.7M | $21.8M | ||
| Q4 24 | $-263.9M | $22.3M | ||
| Q3 24 | $-258.9M | $23.5M | ||
| Q2 24 | $-249.0M | $23.8M | ||
| Q1 24 | $-232.1M | $23.9M |
| Q4 25 | $259.8M | $69.5M | ||
| Q3 25 | $241.1M | $73.0M | ||
| Q2 25 | $240.0M | $71.7M | ||
| Q1 25 | $242.5M | $68.5M | ||
| Q4 24 | $259.3M | $75.5M | ||
| Q3 24 | $259.3M | $74.7M | ||
| Q2 24 | $259.3M | $69.9M | ||
| Q1 24 | $259.3M | $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 | $5.8M | $2.3M |
| Free Cash FlowOCF − Capex | $-10.8M | $2.3M |
| FCF MarginFCF / Revenue | -24.9% | 7.5% |
| Capex IntensityCapex / Revenue | 38.2% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $2.3M | ||
| Q3 25 | $3.1M | $-1.9M | ||
| Q2 25 | $-5.7M | $7.6M | ||
| Q1 25 | $160.0K | $-7.4M | ||
| Q4 24 | $-12.6M | $617.4K | ||
| Q3 24 | $-5.0M | $-915.0K | ||
| Q2 24 | $-5.1M | $862.1K | ||
| Q1 24 | $-10.3M | $-8.0M |
| Q4 25 | $-10.8M | $2.3M | ||
| Q3 25 | $-1.0M | $-2.1M | ||
| Q2 25 | $-9.3M | $7.4M | ||
| Q1 25 | $-1.7M | $-7.7M | ||
| Q4 24 | $-19.4M | $-214.1K | ||
| Q3 24 | $-9.5M | $-1.1M | ||
| Q2 24 | $-10.5M | $281.5K | ||
| Q1 24 | $-13.9M | $-8.6M |
| Q4 25 | -24.9% | 7.5% | ||
| Q3 25 | -1.7% | -5.9% | ||
| Q2 25 | -17.7% | 23.8% | ||
| Q1 25 | -3.9% | -23.3% | ||
| Q4 24 | -41.2% | -0.6% | ||
| Q3 24 | -11.6% | -3.0% | ||
| Q2 24 | -15.8% | 1.0% | ||
| Q1 24 | -19.1% | -28.0% |
| Q4 25 | 38.2% | 0.2% | ||
| Q3 25 | 6.9% | 0.7% | ||
| Q2 25 | 6.7% | 0.7% | ||
| Q1 25 | 4.3% | 1.1% | ||
| Q4 24 | 14.4% | 2.3% | ||
| Q3 24 | 5.5% | 0.5% | ||
| Q2 24 | 8.1% | 2.0% | ||
| Q1 24 | 4.9% | 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
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
