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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) 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 $18.9M, roughly 1.6× Bluerock Homes Trust, Inc.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -50.1%, a 41.5% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs -14.4%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $2.3M). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs -0.5%).
Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.
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.
BHM vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $30.5M |
| Net Profit | $-9.5M | $-2.6M |
| Gross Margin | — | 26.7% |
| Operating Margin | -48.8% | -2.2% |
| Net Margin | -50.1% | -8.6% |
| Revenue YoY | 35.9% | -14.4% |
| Net Profit YoY | -29.9% | -553.1% |
| EPS (diluted) | $-0.75 | $-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 | $18.9M | $30.5M | ||
| Q3 25 | $16.6M | $35.8M | ||
| Q2 25 | $16.8M | $31.0M | ||
| Q1 25 | $16.4M | $33.2M | ||
| Q4 24 | $13.9M | $35.6M | ||
| Q3 24 | $12.7M | $36.1M | ||
| Q2 24 | $12.5M | $29.4M | ||
| Q1 24 | $11.2M | $30.8M |
| Q4 25 | $-9.5M | $-2.6M | ||
| Q3 25 | $-10.0M | $-1.7M | ||
| Q2 25 | $-5.8M | $-1.2M | ||
| Q1 25 | $-7.3M | $-629.1K | ||
| Q4 24 | $-7.3M | $-402.3K | ||
| Q3 24 | $3.5M | $-550.1K | ||
| Q2 24 | $-5.2M | $163.6K | ||
| Q1 24 | $-3.2M | $-412.2K |
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 27.4% |
| Q4 25 | -48.8% | -2.2% | ||
| Q3 25 | -57.6% | 1.0% | ||
| Q2 25 | -30.9% | -2.7% | ||
| Q1 25 | -42.6% | -3.9% | ||
| Q4 24 | -52.8% | -3.5% | ||
| Q3 24 | 27.9% | -0.2% | ||
| Q2 24 | -41.3% | -1.5% | ||
| Q1 24 | -28.4% | -1.0% |
| Q4 25 | -50.1% | -8.6% | ||
| Q3 25 | -60.0% | -4.6% | ||
| Q2 25 | -34.7% | -4.0% | ||
| Q1 25 | -44.7% | -1.9% | ||
| Q4 24 | -52.8% | -1.1% | ||
| Q3 24 | 27.9% | -1.5% | ||
| Q2 24 | -41.3% | 0.6% | ||
| Q1 24 | -28.4% | -1.3% |
| Q4 25 | $-0.75 | $-1.63 | ||
| Q3 25 | $-0.94 | $-0.86 | ||
| Q2 25 | $-0.66 | $-0.64 | ||
| Q1 25 | $-0.67 | $-0.07 | ||
| Q4 24 | $-0.65 | $-0.38 | ||
| Q3 24 | $0.24 | $-0.29 | ||
| Q2 24 | $-0.42 | $0.08 | ||
| Q1 24 | $-0.27 | $-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 | $169.6M | $1.9M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $128.7M | $17.3M |
| Total Assets | $1.2B | $69.5M |
| Debt / EquityLower = less leverage | 3.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $169.6M | $1.9M | ||
| Q3 25 | $2.1M | $1.9M | ||
| Q2 25 | $4.2M | $2.5M | ||
| Q1 25 | $3.0M | $1.2M | ||
| Q4 24 | $115.2M | $4.6M | ||
| Q3 24 | $155.1M | $3.0M | ||
| Q2 24 | $116.0M | $1.3M | ||
| Q1 24 | $92.3M | $3.3M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $415.9M | — | ||
| Q2 25 | $338.6M | — | ||
| Q1 25 | $336.5M | — | ||
| Q4 24 | $373.8M | — | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — | ||
| Q1 24 | $120.2M | — |
| Q4 25 | $128.7M | $17.3M | ||
| Q3 25 | $131.7M | $19.7M | ||
| Q2 25 | $135.3M | $21.3M | ||
| Q1 25 | $137.1M | $21.8M | ||
| Q4 24 | $139.1M | $22.3M | ||
| Q3 24 | $142.9M | $23.5M | ||
| Q2 24 | $142.5M | $23.8M | ||
| Q1 24 | $144.5M | $23.9M |
| Q4 25 | $1.2B | $69.5M | ||
| Q3 25 | $222.1M | $73.0M | ||
| Q2 25 | $220.3M | $71.7M | ||
| Q1 25 | $186.2M | $68.5M | ||
| Q4 24 | $967.0M | $75.5M | ||
| Q3 24 | $800.8M | $74.7M | ||
| Q2 24 | $756.2M | $69.9M | ||
| Q1 24 | $727.4M | $68.6M |
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.83× | — |
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 | $27.8M | $2.3M |
| Free Cash FlowOCF − Capex | $10.4M | $2.3M |
| FCF MarginFCF / Revenue | 55.0% | 7.5% |
| Capex IntensityCapex / Revenue | 91.8% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.0M | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.8M | $2.3M | ||
| Q3 25 | $13.4M | $-1.9M | ||
| Q2 25 | $13.9M | $7.6M | ||
| Q1 25 | $951.0K | $-7.4M | ||
| Q4 24 | $9.1M | $617.4K | ||
| Q3 24 | $1.7M | $-915.0K | ||
| Q2 24 | $1.3M | $862.1K | ||
| Q1 24 | $1.1M | $-8.0M |
| Q4 25 | $10.4M | $2.3M | ||
| Q3 25 | $8.7M | $-2.1M | ||
| Q2 25 | $8.8M | $7.4M | ||
| Q1 25 | $-2.9M | $-7.7M | ||
| Q4 24 | $-253.0K | $-214.1K | ||
| Q3 24 | $-601.0K | $-1.1M | ||
| Q2 24 | $-654.0K | $281.5K | ||
| Q1 24 | $-630.0K | $-8.6M |
| Q4 25 | 55.0% | 7.5% | ||
| Q3 25 | 52.4% | -5.9% | ||
| Q2 25 | 52.2% | 23.8% | ||
| Q1 25 | -17.6% | -23.3% | ||
| Q4 24 | -1.8% | -0.6% | ||
| Q3 24 | -4.7% | -3.0% | ||
| Q2 24 | -5.2% | 1.0% | ||
| Q1 24 | -5.6% | -28.0% |
| Q4 25 | 91.8% | 0.2% | ||
| Q3 25 | 28.5% | 0.7% | ||
| Q2 25 | 30.3% | 0.7% | ||
| Q1 25 | 23.4% | 1.1% | ||
| Q4 24 | 66.9% | 2.3% | ||
| Q3 24 | 18.0% | 0.5% | ||
| Q2 24 | 15.3% | 2.0% | ||
| Q1 24 | 15.5% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | — | 5.27× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
