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Side-by-side financial comparison of First Foundation Inc. (FFWM) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $30.5M, roughly 1.6× FGI Industries Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -97.9%, a 89.2% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-35.2M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs FGI — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.6× larger
FFWM
$48.4M
$30.5M
FGI
Growing faster (revenue YoY)
FFWM
FFWM
+436.1% gap
FFWM
421.7%
-14.4%
FGI
Higher net margin
FGI
FGI
89.2% more per $
FGI
-8.6%
-97.9%
FFWM
More free cash flow
FGI
FGI
$37.5M more FCF
FGI
$2.3M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FGI
FGI
Annualised
FGI
-0.5%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
FGI
FGI
Revenue
$48.4M
$30.5M
Net Profit
$-8.0M
$-2.6M
Gross Margin
26.7%
Operating Margin
-97.5%
-2.2%
Net Margin
-97.9%
-8.6%
Revenue YoY
421.7%
-14.4%
Net Profit YoY
43.0%
-553.1%
EPS (diluted)
$-0.09
$-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
FFWM
FFWM
FGI
FGI
Q4 25
$48.4M
$30.5M
Q3 25
$63.6M
$35.8M
Q2 25
$51.4M
$31.0M
Q1 25
$71.4M
$33.2M
Q4 24
$9.3M
$35.6M
Q3 24
$9.2M
$36.1M
Q2 24
$57.5M
$29.4M
Q1 24
$51.1M
$30.8M
Net Profit
FFWM
FFWM
FGI
FGI
Q4 25
$-8.0M
$-2.6M
Q3 25
$-146.3M
$-1.7M
Q2 25
$-7.7M
$-1.2M
Q1 25
$6.9M
$-629.1K
Q4 24
$-14.1M
$-402.3K
Q3 24
$-82.2M
$-550.1K
Q2 24
$3.1M
$163.6K
Q1 24
$793.0K
$-412.2K
Gross Margin
FFWM
FFWM
FGI
FGI
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%
Operating Margin
FFWM
FFWM
FGI
FGI
Q4 25
-97.5%
-2.2%
Q3 25
-92.7%
1.0%
Q2 25
-21.1%
-2.7%
Q1 25
8.8%
-3.9%
Q4 24
-247.7%
-3.5%
Q3 24
-1276.7%
-0.2%
Q2 24
4.6%
-1.5%
Q1 24
-0.2%
-1.0%
Net Margin
FFWM
FFWM
FGI
FGI
Q4 25
-97.9%
-8.6%
Q3 25
-230.1%
-4.6%
Q2 25
-15.0%
-4.0%
Q1 25
9.7%
-1.9%
Q4 24
-152.2%
-1.1%
Q3 24
-896.9%
-1.5%
Q2 24
5.4%
0.6%
Q1 24
1.6%
-1.3%
EPS (diluted)
FFWM
FFWM
FGI
FGI
Q4 25
$-0.09
$-1.63
Q3 25
$-1.78
$-0.86
Q2 25
$-0.09
$-0.64
Q1 25
$0.08
$-0.07
Q4 24
$-0.24
$-0.38
Q3 24
$-1.23
$-0.29
Q2 24
$0.05
$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
FFWM
FFWM
FGI
FGI
Cash + ST InvestmentsLiquidity on hand
$1.6B
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$17.3M
Total Assets
$11.9B
$69.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
FGI
FGI
Q4 25
$1.6B
$1.9M
Q3 25
$1.7B
$1.9M
Q2 25
$1.1B
$2.5M
Q1 25
$1.0B
$1.2M
Q4 24
$1.0B
$4.6M
Q3 24
$1.1B
$3.0M
Q2 24
$1.4B
$1.3M
Q1 24
$1.6B
$3.3M
Stockholders' Equity
FFWM
FFWM
FGI
FGI
Q4 25
$912.6M
$17.3M
Q3 25
$917.9M
$19.7M
Q2 25
$1.1B
$21.3M
Q1 25
$1.1B
$21.8M
Q4 24
$1.1B
$22.3M
Q3 24
$1.1B
$23.5M
Q2 24
$933.2M
$23.8M
Q1 24
$928.7M
$23.9M
Total Assets
FFWM
FFWM
FGI
FGI
Q4 25
$11.9B
$69.5M
Q3 25
$11.9B
$73.0M
Q2 25
$11.6B
$71.7M
Q1 25
$12.6B
$68.5M
Q4 24
$12.6B
$75.5M
Q3 24
$13.4B
$74.7M
Q2 24
$13.7B
$69.9M
Q1 24
$13.6B
$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
FFWM
FFWM
FGI
FGI
Operating Cash FlowLast quarter
$-31.9M
$2.3M
Free Cash FlowOCF − Capex
$-35.2M
$2.3M
FCF MarginFCF / Revenue
-72.8%
7.5%
Capex IntensityCapex / Revenue
6.9%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
FGI
FGI
Q4 25
$-31.9M
$2.3M
Q3 25
$9.2M
$-1.9M
Q2 25
$-16.3M
$7.6M
Q1 25
$-552.0K
$-7.4M
Q4 24
$-8.7M
$617.4K
Q3 24
$14.2M
$-915.0K
Q2 24
$-9.1M
$862.1K
Q1 24
$7.2M
$-8.0M
Free Cash Flow
FFWM
FFWM
FGI
FGI
Q4 25
$-35.2M
$2.3M
Q3 25
$8.6M
$-2.1M
Q2 25
$-16.7M
$7.4M
Q1 25
$-2.5M
$-7.7M
Q4 24
$-11.4M
$-214.1K
Q3 24
$13.4M
$-1.1M
Q2 24
$-9.4M
$281.5K
Q1 24
$5.9M
$-8.6M
FCF Margin
FFWM
FFWM
FGI
FGI
Q4 25
-72.8%
7.5%
Q3 25
13.5%
-5.9%
Q2 25
-32.4%
23.8%
Q1 25
-3.5%
-23.3%
Q4 24
-123.5%
-0.6%
Q3 24
146.2%
-3.0%
Q2 24
-16.3%
1.0%
Q1 24
11.6%
-28.0%
Capex Intensity
FFWM
FFWM
FGI
FGI
Q4 25
6.9%
0.2%
Q3 25
1.0%
0.7%
Q2 25
0.8%
0.7%
Q1 25
2.8%
1.1%
Q4 24
29.4%
2.3%
Q3 24
9.0%
0.5%
Q2 24
0.4%
2.0%
Q1 24
2.5%
2.0%
Cash Conversion
FFWM
FFWM
FGI
FGI
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
5.27×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

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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