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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.

Evolv Technologies Holdings, Inc. is the larger business by last-quarter revenue ($38.5M vs $30.5M, roughly 1.3× FGI Industries Ltd.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -8.6%, a 36.9% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -14.4%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs -0.5%).

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

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.

EVLV vs FGI — Head-to-Head

Bigger by revenue
EVLV
EVLV
1.3× larger
EVLV
$38.5M
$30.5M
FGI
Growing faster (revenue YoY)
EVLV
EVLV
+46.7% gap
EVLV
32.3%
-14.4%
FGI
Higher net margin
EVLV
EVLV
36.9% more per $
EVLV
28.3%
-8.6%
FGI
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
-0.5%
FGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
FGI
FGI
Revenue
$38.5M
$30.5M
Net Profit
$10.9M
$-2.6M
Gross Margin
48.4%
26.7%
Operating Margin
-20.7%
-2.2%
Net Margin
28.3%
-8.6%
Revenue YoY
32.3%
-14.4%
Net Profit YoY
169.2%
-553.1%
EPS (diluted)
$0.07
$-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.

Revenue
EVLV
EVLV
FGI
FGI
Q4 25
$38.5M
$30.5M
Q3 25
$42.9M
$35.8M
Q2 25
$32.5M
$31.0M
Q1 25
$32.0M
$33.2M
Q4 24
$29.1M
$35.6M
Q3 24
$27.4M
$36.1M
Q2 24
$25.2M
$29.4M
Q1 24
$22.2M
$30.8M
Net Profit
EVLV
EVLV
FGI
FGI
Q4 25
$10.9M
$-2.6M
Q3 25
$-1.8M
$-1.7M
Q2 25
$-40.5M
$-1.2M
Q1 25
$-1.7M
$-629.1K
Q4 24
$-15.7M
$-402.3K
Q3 24
$-30.4M
$-550.1K
Q2 24
$3.4M
$163.6K
Q1 24
$-11.3M
$-412.2K
Gross Margin
EVLV
EVLV
FGI
FGI
Q4 25
48.4%
26.7%
Q3 25
49.7%
26.5%
Q2 25
49.8%
28.1%
Q1 25
59.8%
26.8%
Q4 24
57.5%
24.6%
Q3 24
57.8%
25.8%
Q2 24
58.5%
30.5%
Q1 24
54.8%
27.4%
Operating Margin
EVLV
EVLV
FGI
FGI
Q4 25
-20.7%
-2.2%
Q3 25
-20.1%
1.0%
Q2 25
-53.8%
-2.7%
Q1 25
-45.0%
-3.9%
Q4 24
-64.9%
-3.5%
Q3 24
-70.0%
-0.2%
Q2 24
-88.7%
-1.5%
Q1 24
-98.8%
-1.0%
Net Margin
EVLV
EVLV
FGI
FGI
Q4 25
28.3%
-8.6%
Q3 25
-4.2%
-4.6%
Q2 25
-124.6%
-4.0%
Q1 25
-5.3%
-1.9%
Q4 24
-54.0%
-1.1%
Q3 24
-111.3%
-1.5%
Q2 24
13.6%
0.6%
Q1 24
-50.8%
-1.3%
EPS (diluted)
EVLV
EVLV
FGI
FGI
Q4 25
$0.07
$-1.63
Q3 25
$-0.01
$-0.86
Q2 25
$-0.25
$-0.64
Q1 25
$-0.01
$-0.07
Q4 24
$-0.10
$-0.38
Q3 24
$-0.19
$-0.29
Q2 24
$0.02
$0.08
Q1 24
$-0.07
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EVLV
EVLV
FGI
FGI
Cash + ST InvestmentsLiquidity on hand
$49.1M
$1.9M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$17.3M
Total Assets
$304.4M
$69.5M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
FGI
FGI
Q4 25
$49.1M
$1.9M
Q3 25
$56.2M
$1.9M
Q2 25
$36.9M
$2.5M
Q1 25
$35.0M
$1.2M
Q4 24
$51.9M
$4.6M
Q3 24
$56.0M
$3.0M
Q2 24
$56.5M
$1.3M
Q1 24
$81.0M
$3.3M
Total Debt
EVLV
EVLV
FGI
FGI
Q4 25
$28.6M
Q3 25
$28.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVLV
EVLV
FGI
FGI
Q4 25
$119.4M
$17.3M
Q3 25
$102.2M
$19.7M
Q2 25
$92.7M
$21.3M
Q1 25
$121.1M
$21.8M
Q4 24
$117.7M
$22.3M
Q3 24
$129.0M
$23.5M
Q2 24
$151.2M
$23.8M
Q1 24
$139.8M
$23.9M
Total Assets
EVLV
EVLV
FGI
FGI
Q4 25
$304.4M
$69.5M
Q3 25
$304.3M
$73.0M
Q2 25
$280.4M
$71.7M
Q1 25
$256.0M
$68.5M
Q4 24
$268.1M
$75.5M
Q3 24
$278.5M
$74.7M
Q2 24
$269.1M
$69.9M
Q1 24
$280.0M
$68.6M
Debt / Equity
EVLV
EVLV
FGI
FGI
Q4 25
0.24×
Q3 25
0.28×
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
EVLV
EVLV
FGI
FGI
Operating Cash FlowLast quarter
$15.6M
$2.3M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
FGI
FGI
Q4 25
$15.6M
$2.3M
Q3 25
$3.5M
$-1.9M
Q2 25
$2.1M
$7.6M
Q1 25
$-2.5M
$-7.4M
Q4 24
$3.2M
$617.4K
Q3 24
$3.7M
$-915.0K
Q2 24
$-21.6M
$862.1K
Q1 24
$-16.2M
$-8.0M
Free Cash Flow
EVLV
EVLV
FGI
FGI
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
FCF Margin
EVLV
EVLV
FGI
FGI
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%
Capex Intensity
EVLV
EVLV
FGI
FGI
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%
Cash Conversion
EVLV
EVLV
FGI
FGI
Q4 25
1.43×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-6.31×
5.27×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EVLV
EVLV

Segment breakdown not available.

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

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