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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
Claros Mortgage Trust, Inc. is the larger business by last-quarter revenue ($46.7M vs $30.5M, roughly 1.5× FGI Industries Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -468.9%, a 460.3% gap on every dollar of revenue. On growth, FGI Industries Ltd. posted the faster year-over-year revenue change (-14.4% vs -22.4%). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -10.9%).
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
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.
CMTG vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $30.5M |
| Net Profit | $-219.2M | $-2.6M |
| Gross Margin | — | 26.7% |
| Operating Margin | — | -2.2% |
| Net Margin | -468.9% | -8.6% |
| Revenue YoY | -22.4% | -14.4% |
| Net Profit YoY | -117.7% | -553.1% |
| EPS (diluted) | $-1.56 | $-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 | $46.7M | $30.5M | ||
| Q3 25 | $46.1M | $35.8M | ||
| Q2 25 | $51.6M | $31.0M | ||
| Q1 25 | $43.4M | $33.2M | ||
| Q4 24 | $60.2M | $35.6M | ||
| Q3 24 | $64.9M | $36.1M | ||
| Q2 24 | $64.5M | $29.4M | ||
| Q1 24 | $58.8M | $30.8M |
| Q4 25 | $-219.2M | $-2.6M | ||
| Q3 25 | $-9.5M | $-1.7M | ||
| Q2 25 | $-181.7M | $-1.2M | ||
| Q1 25 | $-78.6M | $-629.1K | ||
| Q4 24 | $-100.7M | $-402.3K | ||
| Q3 24 | $-56.2M | $-550.1K | ||
| Q2 24 | $-11.6M | $163.6K | ||
| Q1 24 | $-52.8M | $-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 | — | -2.2% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | -2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -1.5% | ||
| Q1 24 | — | -1.0% |
| Q4 25 | -468.9% | -8.6% | ||
| Q3 25 | -20.7% | -4.6% | ||
| Q2 25 | -351.9% | -4.0% | ||
| Q1 25 | -181.3% | -1.9% | ||
| Q4 24 | -167.2% | -1.1% | ||
| Q3 24 | -86.7% | -1.5% | ||
| Q2 24 | -17.9% | 0.6% | ||
| Q1 24 | -89.7% | -1.3% |
| Q4 25 | $-1.56 | $-1.63 | ||
| Q3 25 | $-0.07 | $-0.86 | ||
| Q2 25 | $-1.30 | $-0.64 | ||
| Q1 25 | $-0.56 | $-0.07 | ||
| Q4 24 | $-0.72 | $-0.38 | ||
| Q3 24 | $-0.40 | $-0.29 | ||
| Q2 24 | $-0.09 | $0.08 | ||
| Q1 24 | $-0.39 | $-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 | $173.2M | $1.9M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $1.5B | $17.3M |
| Total Assets | $4.7B | $69.5M |
| Debt / EquityLower = less leverage | 2.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | $1.9M | ||
| Q3 25 | $339.5M | $1.9M | ||
| Q2 25 | $209.2M | $2.5M | ||
| Q1 25 | $127.8M | $1.2M | ||
| Q4 24 | $99.1M | $4.6M | ||
| Q3 24 | $113.9M | $3.0M | ||
| Q2 24 | $148.2M | $1.3M | ||
| Q1 24 | $232.5M | $3.3M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | $1.5B | $17.3M | ||
| Q3 25 | $1.7B | $19.7M | ||
| Q2 25 | $1.8B | $21.3M | ||
| Q1 25 | $1.9B | $21.8M | ||
| Q4 24 | $2.0B | $22.3M | ||
| Q3 24 | $2.1B | $23.5M | ||
| Q2 24 | $2.2B | $23.8M | ||
| Q1 24 | $2.2B | $23.9M |
| Q4 25 | $4.7B | $69.5M | ||
| Q3 25 | $5.4B | $73.0M | ||
| Q2 25 | $5.8B | $71.7M | ||
| Q1 25 | $6.7B | $68.5M | ||
| Q4 24 | $7.0B | $75.5M | ||
| Q3 24 | $7.3B | $74.7M | ||
| Q2 24 | $7.6B | $69.9M | ||
| Q1 24 | $7.8B | $68.6M |
| Q4 25 | 2.06× | — | ||
| Q3 25 | 2.09× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.42× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | 2.44× | — | ||
| Q2 24 | 2.46× | — | ||
| Q1 24 | 2.47× | — |
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 | $-30.5M | $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 | $-30.5M | $2.3M | ||
| Q3 25 | $8.8M | $-1.9M | ||
| Q2 25 | $-5.8M | $7.6M | ||
| Q1 25 | $-35.8M | $-7.4M | ||
| Q4 24 | $84.5M | $617.4K | ||
| Q3 24 | $39.2M | $-915.0K | ||
| Q2 24 | $5.5M | $862.1K | ||
| Q1 24 | $21.5M | $-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
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
