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Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) 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 $29.6M, roughly 1.0× Anika Therapeutics, Inc.). On growth, Anika Therapeutics, Inc. posted the faster year-over-year revenue change (13.2% vs -14.4%). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -1.8%).
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.
ANIK vs FGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.6M | $30.5M |
| Net Profit | — | $-2.6M |
| Gross Margin | 64.2% | 26.7% |
| Operating Margin | 17.3% | -2.2% |
| Net Margin | — | -8.6% |
| Revenue YoY | 13.2% | -14.4% |
| Net Profit YoY | — | -553.1% |
| EPS (diluted) | $0.27 | $-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.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $30.6M | $30.5M | ||
| Q3 25 | $27.8M | $35.8M | ||
| Q2 25 | $28.2M | $31.0M | ||
| Q1 25 | $26.2M | $33.2M | ||
| Q4 24 | $30.6M | $35.6M | ||
| Q3 24 | $29.6M | $36.1M | ||
| Q2 24 | $30.7M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | $292.0K | $-2.6M | ||
| Q3 25 | $-2.3M | $-1.7M | ||
| Q2 25 | $-4.0M | $-1.2M | ||
| Q1 25 | $-4.9M | $-629.1K | ||
| Q4 24 | $-21.9M | $-402.3K | ||
| Q3 24 | $-29.9M | $-550.1K | ||
| Q2 24 | $-88.0K | $163.6K |
| Q1 26 | 64.2% | — | ||
| Q4 25 | 62.6% | 26.7% | ||
| Q3 25 | 56.0% | 26.5% | ||
| Q2 25 | 50.9% | 28.1% | ||
| Q1 25 | 56.1% | 26.8% | ||
| Q4 24 | 56.0% | 24.6% | ||
| Q3 24 | 65.7% | 25.8% | ||
| Q2 24 | 66.7% | 30.5% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 2.1% | -2.2% | ||
| Q3 25 | -11.6% | 1.0% | ||
| Q2 25 | -14.8% | -2.7% | ||
| Q1 25 | -16.4% | -3.9% | ||
| Q4 24 | -2.3% | -3.5% | ||
| Q3 24 | -0.3% | -0.2% | ||
| Q2 24 | -5.9% | -1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | -8.6% | ||
| Q3 25 | -8.4% | -4.6% | ||
| Q2 25 | -14.1% | -4.0% | ||
| Q1 25 | -18.6% | -1.9% | ||
| Q4 24 | -71.4% | -1.1% | ||
| Q3 24 | -101.2% | -1.5% | ||
| Q2 24 | -0.3% | 0.6% |
| Q1 26 | $0.27 | — | ||
| Q4 25 | $0.02 | $-1.63 | ||
| Q3 25 | $-0.16 | $-0.86 | ||
| Q2 25 | $-0.28 | $-0.64 | ||
| Q1 25 | $-0.34 | $-0.07 | ||
| Q4 24 | $-1.49 | $-0.38 | ||
| Q3 24 | $-2.03 | $-0.29 | ||
| Q2 24 | $0.00 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.0M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $133.9M | $17.3M |
| Total Assets | $179.4M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.0M | — | ||
| Q4 25 | $81.2M | $1.9M | ||
| Q3 25 | $80.2M | $1.9M | ||
| Q2 25 | $77.1M | $2.5M | ||
| Q1 25 | $75.4M | $1.2M | ||
| Q4 24 | $79.2M | $4.6M | ||
| Q3 24 | $90.7M | $3.0M | ||
| Q2 24 | $96.6M | $1.3M |
| Q1 26 | $133.9M | — | ||
| Q4 25 | $143.5M | $17.3M | ||
| Q3 25 | $146.8M | $19.7M | ||
| Q2 25 | $147.7M | $21.3M | ||
| Q1 25 | $148.4M | $21.8M | ||
| Q4 24 | $154.0M | $22.3M | ||
| Q3 24 | $179.9M | $23.5M | ||
| Q2 24 | $210.3M | $23.8M |
| Q1 26 | $179.4M | — | ||
| Q4 25 | $190.3M | $69.5M | ||
| Q3 25 | $189.4M | $73.0M | ||
| Q2 25 | $187.7M | $71.7M | ||
| Q1 25 | $190.6M | $68.5M | ||
| Q4 24 | $202.7M | $75.5M | ||
| Q3 24 | $231.4M | $74.7M | ||
| Q2 24 | $262.7M | $69.9M |
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 | — | $2.3M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.6M | $2.3M | ||
| Q3 25 | $6.9M | $-1.9M | ||
| Q2 25 | $-189.0K | $7.6M | ||
| Q1 25 | $-130.0K | $-7.4M | ||
| Q4 24 | $1.6M | $617.4K | ||
| Q3 24 | $5.0M | $-915.0K | ||
| Q2 24 | $-1.1M | $862.1K |
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $2.3M | ||
| Q3 25 | $5.0M | $-2.1M | ||
| Q2 25 | $-1.7M | $7.4M | ||
| Q1 25 | $-3.0M | $-7.7M | ||
| Q4 24 | $275.0K | $-214.1K | ||
| Q3 24 | $3.8M | $-1.1M | ||
| Q2 24 | $-4.5M | $281.5K |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 7.5% | ||
| Q3 25 | 17.9% | -5.9% | ||
| Q2 25 | -5.9% | 23.8% | ||
| Q1 25 | -11.3% | -23.3% | ||
| Q4 24 | 0.9% | -0.6% | ||
| Q3 24 | 12.9% | -3.0% | ||
| Q2 24 | -14.6% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.2% | ||
| Q3 25 | 6.8% | 0.7% | ||
| Q2 25 | 5.2% | 0.7% | ||
| Q1 25 | 10.8% | 1.1% | ||
| Q4 24 | 4.3% | 2.3% | ||
| Q3 24 | 4.1% | 0.5% | ||
| Q2 24 | 11.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 15.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANIK
| OEM Channel | $17.0M | 57% |
| Commercial Channel | $12.6M | 43% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
