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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Finwise Bancorp (FINW). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($42.7M vs $30.5M, roughly 1.4× FGI Industries Ltd.). Finwise Bancorp runs the higher net margin — 6.4% vs -8.6%, a 15.0% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs -0.5%).
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.
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
FGI vs FINW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $42.7M |
| Net Profit | $-2.6M | $2.7M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 6.4% |
| Revenue YoY | -14.4% | — |
| Net Profit YoY | -553.1% | — |
| EPS (diluted) | $-1.63 | $0.20 |
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.
| Q1 26 | — | $42.7M | ||
| Q4 25 | $30.5M | $46.9M | ||
| Q3 25 | $35.8M | $36.7M | ||
| Q2 25 | $31.0M | $25.1M | ||
| Q1 25 | $33.2M | $22.1M | ||
| Q4 24 | $35.6M | $21.1M | ||
| Q3 24 | $36.1M | $20.8M | ||
| Q2 24 | $29.4M | $19.8M |
| Q1 26 | — | $2.7M | ||
| Q4 25 | $-2.6M | $3.9M | ||
| Q3 25 | $-1.7M | $4.9M | ||
| Q2 25 | $-1.2M | $4.1M | ||
| Q1 25 | $-629.1K | $3.2M | ||
| Q4 24 | $-402.3K | $2.8M | ||
| Q3 24 | $-550.1K | $3.5M | ||
| Q2 24 | $163.6K | $3.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -2.2% | 11.7% | ||
| Q3 25 | 1.0% | 17.5% | ||
| Q2 25 | -2.7% | 21.7% | ||
| Q1 25 | -3.9% | 20.1% | ||
| Q4 24 | -3.5% | 17.5% | ||
| Q3 24 | -0.2% | 22.2% | ||
| Q2 24 | -1.5% | 21.1% |
| Q1 26 | — | 6.4% | ||
| Q4 25 | -8.6% | 8.4% | ||
| Q3 25 | -4.6% | 13.3% | ||
| Q2 25 | -4.0% | 16.3% | ||
| Q1 25 | -1.9% | 14.4% | ||
| Q4 24 | -1.1% | 13.2% | ||
| Q3 24 | -1.5% | 16.6% | ||
| Q2 24 | 0.6% | 16.1% |
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-1.63 | $0.27 | ||
| Q3 25 | $-0.86 | $0.34 | ||
| Q2 25 | $-0.64 | $0.29 | ||
| Q1 25 | $-0.07 | $0.23 | ||
| Q4 24 | $-0.38 | $0.19 | ||
| Q3 24 | $-0.29 | $0.25 | ||
| Q2 24 | $0.08 | $0.24 |
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 | — | — |
| Stockholders' EquityBook value | $17.3M | $196.6M |
| Total Assets | $69.5M | $899.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $163.4M | ||
| Q3 25 | $1.9M | $105.6M | ||
| Q2 25 | $2.5M | $90.1M | ||
| Q1 25 | $1.2M | $120.3M | ||
| Q4 24 | $4.6M | $109.2M | ||
| Q3 24 | $3.0M | $85.8M | ||
| Q2 24 | $1.3M | $89.0M |
| Q1 26 | — | $196.6M | ||
| Q4 25 | $17.3M | $193.2M | ||
| Q3 25 | $19.7M | $187.8M | ||
| Q2 25 | $21.3M | $182.0M | ||
| Q1 25 | $21.8M | $177.4M | ||
| Q4 24 | $22.3M | $173.7M | ||
| Q3 24 | $23.5M | $170.4M | ||
| Q2 24 | $23.8M | $165.8M |
| Q1 26 | — | $899.4M | ||
| Q4 25 | $69.5M | $977.1M | ||
| Q3 25 | $73.0M | $899.9M | ||
| Q2 25 | $71.7M | $842.5M | ||
| Q1 25 | $68.5M | $804.1M | ||
| Q4 24 | $75.5M | $746.0M | ||
| Q3 24 | $74.7M | $683.0M | ||
| Q2 24 | $69.9M | $617.8M |
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 | $2.3M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $-28.4M | ||
| Q3 25 | $-1.9M | $3.5M | ||
| Q2 25 | $7.6M | $-18.3M | ||
| Q1 25 | $-7.4M | $-21.6M | ||
| Q4 24 | $617.4K | $-15.0M | ||
| Q3 24 | $-915.0K | $-9.8M | ||
| Q2 24 | $862.1K | $-7.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $-28.6M | ||
| Q3 25 | $-2.1M | $3.4M | ||
| Q2 25 | $7.4M | $-19.8M | ||
| Q1 25 | $-7.7M | $-23.3M | ||
| Q4 24 | $-214.1K | $-16.1M | ||
| Q3 24 | $-1.1M | $-13.4M | ||
| Q2 24 | $281.5K | $-7.7M |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | -61.1% | ||
| Q3 25 | -5.9% | 9.4% | ||
| Q2 25 | 23.8% | -79.0% | ||
| Q1 25 | -23.3% | -105.3% | ||
| Q4 24 | -0.6% | -76.0% | ||
| Q3 24 | -3.0% | -64.3% | ||
| Q2 24 | 1.0% | -38.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.5% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.7% | 5.8% | ||
| Q1 25 | 1.1% | 7.4% | ||
| Q4 24 | 2.3% | 5.1% | ||
| Q3 24 | 0.5% | 17.2% | ||
| Q2 24 | 2.0% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.26× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | -4.48× | ||
| Q1 25 | — | -6.78× | ||
| Q4 24 | — | -5.37× | ||
| Q3 24 | — | -2.84× | ||
| Q2 24 | 5.27× | -2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
