vs
Side-by-side financial comparison of Boxlight Corp (BOXL) 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 $29.3M, roughly 1.0× Boxlight Corp). FGI Industries Ltd. runs the higher net margin — -8.6% vs -21.1%, a 12.5% gap on every dollar of revenue. On growth, FGI Industries Ltd. posted the faster year-over-year revenue change (-14.4% vs -19.2%). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -23.1%).
Boxlight Corp is a global provider of interactive technology solutions, including interactive flat panel displays, projectors, collaborative software, and classroom technology accessories. It primarily serves K-12 and higher education institutions, as well as corporate and government customers across North America, Europe, and Asia Pacific, focusing on enhancing learning and work collaboration efficiency.
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.
BOXL vs FGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.3M | $30.5M |
| Net Profit | $-6.2M | $-2.6M |
| Gross Margin | 29.1% | 26.7% |
| Operating Margin | -13.4% | -2.2% |
| Net Margin | -21.1% | -8.6% |
| Revenue YoY | -19.2% | -14.4% |
| Net Profit YoY | -102.0% | -553.1% |
| EPS (diluted) | $-1.88 | $-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 | — | $30.5M | ||
| Q3 25 | $29.3M | $35.8M | ||
| Q2 25 | $30.9M | $31.0M | ||
| Q1 25 | — | $33.2M | ||
| Q4 24 | $24.0M | $35.6M | ||
| Q3 24 | $36.3M | $36.1M | ||
| Q2 24 | $38.5M | $29.4M | ||
| Q1 24 | $37.1M | $30.8M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-6.2M | $-1.7M | ||
| Q2 25 | $-4.7M | $-1.2M | ||
| Q1 25 | — | $-629.1K | ||
| Q4 24 | $-16.7M | $-402.3K | ||
| Q3 24 | $-3.1M | $-550.1K | ||
| Q2 24 | $-1.5M | $163.6K | ||
| Q1 24 | $-7.1M | $-412.2K |
| Q4 25 | — | 26.7% | ||
| Q3 25 | 29.1% | 26.5% | ||
| Q2 25 | 35.0% | 28.1% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | 30.6% | 24.6% | ||
| Q3 24 | 33.8% | 25.8% | ||
| Q2 24 | 37.7% | 30.5% | ||
| Q1 24 | 34.5% | 27.4% |
| Q4 25 | — | -2.2% | ||
| Q3 25 | -13.4% | 1.0% | ||
| Q2 25 | -12.7% | -2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | -67.6% | -3.5% | ||
| Q3 24 | -2.4% | -0.2% | ||
| Q2 24 | 3.2% | -1.5% | ||
| Q1 24 | -9.7% | -1.0% |
| Q4 25 | — | -8.6% | ||
| Q3 25 | -21.1% | -4.6% | ||
| Q2 25 | -15.3% | -4.0% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | -69.6% | -1.1% | ||
| Q3 24 | -8.4% | -1.5% | ||
| Q2 24 | -3.8% | 0.6% | ||
| Q1 24 | -19.1% | -1.3% |
| Q4 25 | — | $-1.63 | ||
| Q3 25 | $-1.88 | $-0.86 | ||
| Q2 25 | $-1.53 | $-0.64 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | $-87.29 | $-0.38 | ||
| Q3 24 | $-1.72 | $-0.29 | ||
| Q2 24 | $-0.92 | $0.08 | ||
| Q1 24 | $-0.76 | $-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 | $11.8M | $1.9M |
| Total DebtLower is stronger | $36.7M | — |
| Stockholders' EquityBook value | $-19.5M | $17.3M |
| Total Assets | $99.6M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9M | ||
| Q3 25 | $11.8M | $1.9M | ||
| Q2 25 | $7.6M | $2.5M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | $8.0M | $4.6M | ||
| Q3 24 | $10.5M | $3.0M | ||
| Q2 24 | $7.5M | $1.3M | ||
| Q1 24 | $11.8M | $3.3M |
| Q4 25 | — | — | ||
| Q3 25 | $36.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $37.1M | — | ||
| Q3 24 | $38.8M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $38.5M | — |
| Q4 25 | — | $17.3M | ||
| Q3 25 | $-19.5M | $19.7M | ||
| Q2 25 | $-20.6M | $21.3M | ||
| Q1 25 | — | $21.8M | ||
| Q4 24 | $-12.9M | $22.3M | ||
| Q3 24 | $6.5M | $23.5M | ||
| Q2 24 | $7.5M | $23.8M | ||
| Q1 24 | $9.1M | $23.9M |
| Q4 25 | — | $69.5M | ||
| Q3 25 | $99.6M | $73.0M | ||
| Q2 25 | $99.2M | $71.7M | ||
| Q1 25 | — | $68.5M | ||
| Q4 24 | $115.3M | $75.5M | ||
| Q3 24 | $142.9M | $74.7M | ||
| Q2 24 | $141.3M | $69.9M | ||
| Q1 24 | $142.4M | $68.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.93× | — | ||
| Q2 24 | 5.38× | — | ||
| Q1 24 | 4.23× | — |
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 | $1.3M | $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.
| Q4 25 | — | $2.3M | ||
| Q3 25 | $1.3M | $-1.9M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | $1.6M | $617.4K | ||
| Q3 24 | $5.2M | $-915.0K | ||
| Q2 24 | $-5.4M | $862.1K | ||
| Q1 24 | $-1.9M | $-8.0M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-214.1K | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $281.5K | ||
| Q1 24 | — | $-8.6M |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -23.3% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -28.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 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
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
