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Side-by-side financial comparison of BGSF, INC. (BGSF) 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 $22.0M, roughly 1.4× BGSF, INC.). BGSF, INC. runs the higher net margin — -5.3% vs -8.6%, a 3.4% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $1.7M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $30.5M |
| Net Profit | $-1.2M | $-2.6M |
| Gross Margin | 35.0% | 26.7% |
| Operating Margin | -17.6% | -2.2% |
| Net Margin | -5.3% | -8.6% |
| Revenue YoY | -9.4% | -14.4% |
| Net Profit YoY | -18.2% | -553.1% |
| EPS (diluted) | $-0.12 | $-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 | $22.0M | $30.5M | ||
| Q3 25 | $26.9M | $35.8M | ||
| Q2 25 | $23.5M | $31.0M | ||
| Q1 25 | $20.9M | $33.2M | ||
| Q4 24 | $24.3M | $35.6M | ||
| Q3 24 | $29.8M | $36.1M | ||
| Q2 24 | $25.7M | $29.4M | ||
| Q1 24 | $24.5M | $30.8M |
| Q4 25 | $-1.2M | $-2.6M | ||
| Q3 25 | $-5.8M | $-1.7M | ||
| Q2 25 | $-3.7M | $-1.2M | ||
| Q1 25 | $-722.0K | $-629.1K | ||
| Q4 24 | $-981.0K | $-402.3K | ||
| Q3 24 | $-804.0K | $-550.1K | ||
| Q2 24 | $-761.0K | $163.6K | ||
| Q1 24 | $-792.0K | $-412.2K |
| Q4 25 | 35.0% | 26.7% | ||
| Q3 25 | 35.9% | 26.5% | ||
| Q2 25 | 35.8% | 28.1% | ||
| Q1 25 | 36.2% | 26.8% | ||
| Q4 24 | 35.9% | 24.6% | ||
| Q3 24 | 35.9% | 25.8% | ||
| Q2 24 | 37.3% | 30.5% | ||
| Q1 24 | 38.1% | 27.4% |
| Q4 25 | -17.6% | -2.2% | ||
| Q3 25 | -3.5% | 1.0% | ||
| Q2 25 | -18.8% | -2.7% | ||
| Q1 25 | 1.6% | -3.9% | ||
| Q4 24 | -15.7% | -3.5% | ||
| Q3 24 | -3.4% | -0.2% | ||
| Q2 24 | -5.7% | -1.5% | ||
| Q1 24 | 1.7% | -1.0% |
| Q4 25 | -5.3% | -8.6% | ||
| Q3 25 | -21.6% | -4.6% | ||
| Q2 25 | -15.9% | -4.0% | ||
| Q1 25 | -3.5% | -1.9% | ||
| Q4 24 | -4.0% | -1.1% | ||
| Q3 24 | -2.7% | -1.5% | ||
| Q2 24 | -3.0% | 0.6% | ||
| Q1 24 | -3.2% | -1.3% |
| Q4 25 | $-0.12 | $-1.63 | ||
| Q3 25 | $-0.52 | $-0.86 | ||
| Q2 25 | $-0.34 | $-0.64 | ||
| Q1 25 | $-0.06 | $-0.07 | ||
| Q4 24 | — | $-0.38 | ||
| Q3 24 | $-0.07 | $-0.29 | ||
| Q2 24 | $-0.07 | $0.08 | ||
| Q1 24 | — | $-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 | — | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $17.3M |
| Total Assets | $57.8M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9M | ||
| Q3 25 | $41.2M | $1.9M | ||
| Q2 25 | $2.8M | $2.5M | ||
| Q1 25 | $2.0M | $1.2M | ||
| Q4 24 | $32.0K | $4.6M | ||
| Q3 24 | $262 | $3.0M | ||
| Q2 24 | $226 | $1.3M | ||
| Q1 24 | $50 | $3.3M |
| Q4 25 | $48.1M | $17.3M | ||
| Q3 25 | $50.7M | $19.7M | ||
| Q2 25 | $78.3M | $21.3M | ||
| Q1 25 | $81.8M | $21.8M | ||
| Q4 24 | $82.3M | $22.3M | ||
| Q3 24 | $82.9M | $23.5M | ||
| Q2 24 | $83.2M | $23.8M | ||
| Q1 24 | $83.6M | $23.9M |
| Q4 25 | $57.8M | $69.5M | ||
| Q3 25 | $83.6M | $73.0M | ||
| Q2 25 | $149.7M | $71.7M | ||
| Q1 25 | $152.3M | $68.5M | ||
| Q4 24 | $150.1M | $75.5M | ||
| Q3 24 | $157.3K | $74.7M | ||
| Q2 24 | $159.8K | $69.9M | ||
| Q1 24 | $170.6K | $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 | $1.7M | $2.3M |
| Free Cash FlowOCF − Capex | $1.7M | $2.3M |
| FCF MarginFCF / Revenue | 7.6% | 7.5% |
| Capex IntensityCapex / Revenue | 0.1% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $2.3M | ||
| Q3 25 | $-4.8M | $-1.9M | ||
| Q2 25 | $2.2M | $7.6M | ||
| Q1 25 | $1.1M | $-7.4M | ||
| Q4 24 | $3.2M | $617.4K | ||
| Q3 24 | $6.5M | $-915.0K | ||
| Q2 24 | $7.3M | $862.1K | ||
| Q1 24 | $7.4M | $-8.0M |
| Q4 25 | $1.7M | $2.3M | ||
| Q3 25 | $-4.9M | $-2.1M | ||
| Q2 25 | $2.1M | $7.4M | ||
| Q1 25 | $1.0M | $-7.7M | ||
| Q4 24 | $2.5M | $-214.1K | ||
| Q3 24 | $6.5M | $-1.1M | ||
| Q2 24 | $7.3M | $281.5K | ||
| Q1 24 | $6.9M | $-8.6M |
| Q4 25 | 7.6% | 7.5% | ||
| Q3 25 | -18.1% | -5.9% | ||
| Q2 25 | 9.1% | 23.8% | ||
| Q1 25 | 5.0% | -23.3% | ||
| Q4 24 | 10.2% | -0.6% | ||
| Q3 24 | 21.7% | -3.0% | ||
| Q2 24 | 28.5% | 1.0% | ||
| Q1 24 | 28.1% | -28.0% |
| Q4 25 | 0.1% | 0.2% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.0% | 0.7% | ||
| Q1 25 | 0.1% | 1.1% | ||
| Q4 24 | 3.0% | 2.3% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.0% | 2.0% | ||
| Q1 24 | 2.0% | 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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
