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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) 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 $20.7M, roughly 1.5× EVOLUTION PETROLEUM CORP). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs -8.6%, a 13.8% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -14.4%). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -5.2%).
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.
EPM vs FGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $30.5M |
| Net Profit | $1.1M | $-2.6M |
| Gross Margin | 44.3% | 26.7% |
| Operating Margin | 3.2% | -2.2% |
| Net Margin | 5.2% | -8.6% |
| Revenue YoY | 2.0% | -14.4% |
| Net Profit YoY | 158.4% | -553.1% |
| EPS (diluted) | $0.03 | $-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 | $20.7M | $30.5M | ||
| Q3 25 | $21.3M | $35.8M | ||
| Q2 25 | $21.1M | $31.0M | ||
| Q1 25 | $22.6M | $33.2M | ||
| Q4 24 | $20.3M | $35.6M | ||
| Q3 24 | $21.9M | $36.1M | ||
| Q2 24 | $21.2M | $29.4M | ||
| Q1 24 | $23.0M | $30.8M |
| Q4 25 | $1.1M | $-2.6M | ||
| Q3 25 | $824.0K | $-1.7M | ||
| Q2 25 | $3.4M | $-1.2M | ||
| Q1 25 | $-2.2M | $-629.1K | ||
| Q4 24 | $-1.8M | $-402.3K | ||
| Q3 24 | $2.1M | $-550.1K | ||
| Q2 24 | $1.2M | $163.6K | ||
| Q1 24 | $289.0K | $-412.2K |
| Q4 25 | 44.3% | 26.7% | ||
| Q3 25 | 38.5% | 26.5% | ||
| Q2 25 | 46.1% | 28.1% | ||
| Q1 25 | 40.7% | 26.8% | ||
| Q4 24 | 36.9% | 24.6% | ||
| Q3 24 | 46.2% | 25.8% | ||
| Q2 24 | 46.3% | 30.5% | ||
| Q1 24 | 45.2% | 27.4% |
| Q4 25 | 3.2% | -2.2% | ||
| Q3 25 | -0.4% | 1.0% | ||
| Q2 25 | 6.3% | -2.7% | ||
| Q1 25 | 7.0% | -3.9% | ||
| Q4 24 | -3.0% | -3.5% | ||
| Q3 24 | 8.5% | -0.2% | ||
| Q2 24 | 11.3% | -1.5% | ||
| Q1 24 | 9.1% | -1.0% |
| Q4 25 | 5.2% | -8.6% | ||
| Q3 25 | 3.9% | -4.6% | ||
| Q2 25 | 16.2% | -4.0% | ||
| Q1 25 | -9.7% | -1.9% | ||
| Q4 24 | -9.0% | -1.1% | ||
| Q3 24 | 9.4% | -1.5% | ||
| Q2 24 | 5.8% | 0.6% | ||
| Q1 24 | 1.3% | -1.3% |
| Q4 25 | $0.03 | $-1.63 | ||
| Q3 25 | $0.02 | $-0.86 | ||
| Q2 25 | $0.10 | $-0.64 | ||
| Q1 25 | $-0.07 | $-0.07 | ||
| Q4 24 | $-0.06 | $-0.38 | ||
| Q3 24 | $0.06 | $-0.29 | ||
| Q2 24 | $0.04 | $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 | $3.8M | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $67.5M | $17.3M |
| Total Assets | $169.3M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $1.9M | ||
| Q3 25 | $714.0K | $1.9M | ||
| Q2 25 | $2.5M | $2.5M | ||
| Q1 25 | $5.6M | $1.2M | ||
| Q4 24 | $11.7M | $4.6M | ||
| Q3 24 | $6.9M | $3.0M | ||
| Q2 24 | $6.4M | $1.3M | ||
| Q1 24 | $3.1M | $3.3M |
| Q4 25 | $67.5M | $17.3M | ||
| Q3 25 | $69.1M | $19.7M | ||
| Q2 25 | $71.8M | $21.3M | ||
| Q1 25 | $71.7M | $21.8M | ||
| Q4 24 | $76.3M | $22.3M | ||
| Q3 24 | $79.6M | $23.5M | ||
| Q2 24 | $81.1M | $23.8M | ||
| Q1 24 | $83.5M | $23.9M |
| Q4 25 | $169.3M | $69.5M | ||
| Q3 25 | $169.1M | $73.0M | ||
| Q2 25 | $160.3M | $71.7M | ||
| Q1 25 | $156.4M | $68.5M | ||
| Q4 24 | $160.2M | $75.5M | ||
| Q3 24 | $157.9M | $74.7M | ||
| Q2 24 | $162.9M | $69.9M | ||
| Q1 24 | $166.5M | $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 | $5.4M | $2.3M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 5.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.4M | $2.3M | ||
| Q3 25 | $7.8M | $-1.9M | ||
| Q2 25 | $10.5M | $7.6M | ||
| Q1 25 | $7.3M | $-7.4M | ||
| Q4 24 | $7.7M | $617.4K | ||
| Q3 24 | $7.6M | $-915.0K | ||
| Q2 24 | $8.0M | $862.1K | ||
| Q1 24 | $3.4M | $-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 | 5.09× | — | ||
| Q3 25 | 9.47× | — | ||
| Q2 25 | 3.06× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.69× | — | ||
| Q2 24 | 6.47× | 5.27× | ||
| Q1 24 | 11.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPM
| Crude Oil | $10.7M | 52% |
| Natural Gas Reserves | $7.4M | 36% |
| Natural Gas Liquids Reserves | $2.5M | 12% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
