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Side-by-side financial comparison of CPI AEROSTRUCTURES INC (CVU) 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 $19.4M, roughly 1.6× CPI AEROSTRUCTURES INC). CPI AEROSTRUCTURES INC runs the higher net margin — 3.6% vs -8.6%, a 12.2% gap on every dollar of revenue. On growth, CPI AEROSTRUCTURES INC posted the faster year-over-year revenue change (-10.8% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-2.1M). Over the past eight quarters, CPI AEROSTRUCTURES INC's revenue compounded faster (0.9% CAGR vs -0.5%).
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft component manufacturer based in Edgewood, New York.
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.
CVU vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.4M | $30.5M |
| Net Profit | $691.8K | $-2.6M |
| Gross Margin | 20.3% | 26.7% |
| Operating Margin | 6.4% | -2.2% |
| Net Margin | 3.6% | -8.6% |
| Revenue YoY | -10.8% | -14.4% |
| Net Profit YoY | -28.8% | -553.1% |
| EPS (diluted) | $0.04 | $-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 | $19.4M | $30.5M | ||
| Q3 25 | $19.3M | $35.8M | ||
| Q2 25 | $15.2M | $31.0M | ||
| Q1 25 | $15.4M | $33.2M | ||
| Q4 24 | $21.8M | $35.6M | ||
| Q3 24 | $19.4M | $36.1M | ||
| Q2 24 | $20.8M | $29.4M | ||
| Q1 24 | $19.1M | $30.8M |
| Q4 25 | $691.8K | $-2.6M | ||
| Q3 25 | $1.1M | $-1.7M | ||
| Q2 25 | $-1.3M | $-1.2M | ||
| Q1 25 | $-1.3M | $-629.1K | ||
| Q4 24 | $971.5K | $-402.3K | ||
| Q3 24 | $749.7K | $-550.1K | ||
| Q2 24 | $1.4M | $163.6K | ||
| Q1 24 | $168.2K | $-412.2K |
| Q4 25 | 20.3% | 26.7% | ||
| Q3 25 | 22.3% | 26.5% | ||
| Q2 25 | 4.4% | 28.1% | ||
| Q1 25 | 10.7% | 26.8% | ||
| Q4 24 | 20.0% | 24.6% | ||
| Q3 24 | 21.7% | 25.8% | ||
| Q2 24 | 24.6% | 30.5% | ||
| Q1 24 | 18.6% | 27.4% |
| Q4 25 | 6.4% | -2.2% | ||
| Q3 25 | 9.1% | 1.0% | ||
| Q2 25 | -13.1% | -2.7% | ||
| Q1 25 | -7.7% | -3.9% | ||
| Q4 24 | 9.5% | -3.5% | ||
| Q3 24 | 7.6% | -0.2% | ||
| Q2 24 | 11.2% | -1.5% | ||
| Q1 24 | 4.4% | -1.0% |
| Q4 25 | 3.6% | -8.6% | ||
| Q3 25 | 5.8% | -4.6% | ||
| Q2 25 | -8.7% | -4.0% | ||
| Q1 25 | -8.6% | -1.9% | ||
| Q4 24 | 4.5% | -1.1% | ||
| Q3 24 | 3.9% | -1.5% | ||
| Q2 24 | 6.8% | 0.6% | ||
| Q1 24 | 0.9% | -1.3% |
| Q4 25 | $0.04 | $-1.63 | ||
| Q3 25 | $0.09 | $-0.86 | ||
| Q2 25 | $-0.10 | $-0.64 | ||
| Q1 25 | $-0.10 | $-0.07 | ||
| Q4 24 | $0.08 | $-0.38 | ||
| Q3 24 | $0.06 | $-0.29 | ||
| Q2 24 | $0.11 | $0.08 | ||
| Q1 24 | $0.01 | $-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 | $0 | — |
| Stockholders' EquityBook value | $25.8M | $17.3M |
| Total Assets | $75.2M | $69.5M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $3.0M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.3M |
| Q4 25 | $0 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $26.5K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $25.8M | $17.3M | ||
| Q3 25 | $25.0M | $19.7M | ||
| Q2 25 | $23.8M | $21.3M | ||
| Q1 25 | $24.9M | $21.8M | ||
| Q4 24 | $25.9M | $22.3M | ||
| Q3 24 | $24.9M | $23.5M | ||
| Q2 24 | $24.1M | $23.8M | ||
| Q1 24 | $22.5M | $23.9M |
| Q4 25 | $75.2M | $69.5M | ||
| Q3 25 | $74.1M | $73.0M | ||
| Q2 25 | $72.3M | $71.7M | ||
| Q1 25 | $65.4M | $68.5M | ||
| Q4 24 | $68.0M | $75.5M | ||
| Q3 24 | $68.9M | $74.7M | ||
| Q2 24 | $70.2M | $69.9M | ||
| Q1 24 | $70.8M | $68.6M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-2.1M | $2.3M |
| Free Cash FlowOCF − Capex | $-2.1M | $2.3M |
| FCF MarginFCF / Revenue | -10.8% | 7.5% |
| Capex IntensityCapex / Revenue | 0.0% | 0.2% |
| Cash ConversionOCF / Net Profit | -3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.3M | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.1M | $2.3M | ||
| Q3 25 | $212.1K | $-1.9M | ||
| Q2 25 | $-596.3K | $7.6M | ||
| Q1 25 | $-2.7M | $-7.4M | ||
| Q4 24 | $4.4M | $617.4K | ||
| Q3 24 | $715.1K | $-915.0K | ||
| Q2 24 | $-591.7K | $862.1K | ||
| Q1 24 | $-960.5K | $-8.0M |
| Q4 25 | $-2.1M | $2.3M | ||
| Q3 25 | $211.1K | $-2.1M | ||
| Q2 25 | $-599.8K | $7.4M | ||
| Q1 25 | $-2.8M | $-7.7M | ||
| Q4 24 | $4.3M | $-214.1K | ||
| Q3 24 | $586.9K | $-1.1M | ||
| Q2 24 | $-746.9K | $281.5K | ||
| Q1 24 | $-1.0M | $-8.6M |
| Q4 25 | -10.8% | 7.5% | ||
| Q3 25 | 1.1% | -5.9% | ||
| Q2 25 | -4.0% | 23.8% | ||
| Q1 25 | -18.1% | -23.3% | ||
| Q4 24 | 19.9% | -0.6% | ||
| Q3 24 | 3.0% | -3.0% | ||
| Q2 24 | -3.6% | 1.0% | ||
| Q1 24 | -5.3% | -28.0% |
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.7% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 0.3% | 2.3% | ||
| Q3 24 | 0.7% | 0.5% | ||
| Q2 24 | 0.7% | 2.0% | ||
| Q1 24 | 0.2% | 2.0% |
| Q4 25 | -3.03× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.53× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | -0.42× | 5.27× | ||
| Q1 24 | -5.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVU
| Government Subcontracts | $16.4M | 85% |
| Commercial Contracts | $2.3M | 12% |
| Prime Government Contracts | $725.8K | 4% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
