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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Farmland Partners Inc. (FPI). 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× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -8.6%, a 112.0% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -14.4%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% 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.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
FGI vs FPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $20.7M |
| Net Profit | $-2.6M | $21.4M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 103.4% |
| Revenue YoY | -14.4% | -3.5% |
| Net Profit YoY | -553.1% | -63.5% |
| EPS (diluted) | $-1.63 | $0.44 |
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 | $30.5M | $20.7M | ||
| Q3 25 | $35.8M | $11.3M | ||
| Q2 25 | $31.0M | $10.0M | ||
| Q1 25 | $33.2M | $10.3M | ||
| Q4 24 | $35.6M | $21.5M | ||
| Q3 24 | $36.1M | $13.3M | ||
| Q2 24 | $29.4M | $11.4M | ||
| Q1 24 | $30.8M | $12.0M |
| Q4 25 | $-2.6M | $21.4M | ||
| Q3 25 | $-1.7M | $483.0K | ||
| Q2 25 | $-1.2M | $7.6M | ||
| Q1 25 | $-629.1K | $2.0M | ||
| Q4 24 | $-402.3K | $58.7M | ||
| Q3 24 | $-550.1K | $1.8M | ||
| Q2 24 | $163.6K | $-2.0M | ||
| Q1 24 | $-412.2K | $1.4M |
| 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% | — |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 1.0% | 4.3% | ||
| Q2 25 | -2.7% | 78.2% | ||
| Q1 25 | -3.9% | 20.6% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -0.2% | 13.9% | ||
| Q2 24 | -1.5% | -17.9% | ||
| Q1 24 | -1.0% | 11.9% |
| Q4 25 | -8.6% | 103.4% | ||
| Q3 25 | -4.6% | 4.3% | ||
| Q2 25 | -4.0% | 76.3% | ||
| Q1 25 | -1.9% | 19.9% | ||
| Q4 24 | -1.1% | 273.6% | ||
| Q3 24 | -1.5% | 13.5% | ||
| Q2 24 | 0.6% | -17.5% | ||
| Q1 24 | -1.3% | 11.5% |
| Q4 25 | $-1.63 | $0.44 | ||
| Q3 25 | $-0.86 | $0.00 | ||
| Q2 25 | $-0.64 | $0.14 | ||
| Q1 25 | $-0.07 | $0.03 | ||
| Q4 24 | $-0.38 | $1.09 | ||
| Q3 24 | $-0.29 | $0.02 | ||
| Q2 24 | $0.08 | $-0.06 | ||
| Q1 24 | $-0.04 | $0.01 |
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 | — | $161.6M |
| Stockholders' EquityBook value | $17.3M | $467.4M |
| Total Assets | $69.5M | $719.1M |
| Debt / EquityLower = less leverage | — | 0.35× |
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 | — | $161.6M | ||
| Q3 25 | — | $170.4M | ||
| Q2 25 | — | $193.4M | ||
| Q1 25 | — | $202.6M | ||
| Q4 24 | — | $204.6M | ||
| Q3 24 | — | $394.0M | ||
| Q2 24 | — | $393.0M | ||
| Q1 24 | — | $383.0M |
| Q4 25 | $17.3M | $467.4M | ||
| Q3 25 | $19.7M | $457.3M | ||
| Q2 25 | $21.3M | $473.5M | ||
| Q1 25 | $21.8M | $492.2M | ||
| Q4 24 | $22.3M | $494.6M | ||
| Q3 24 | $23.5M | $519.4M | ||
| Q2 24 | $23.8M | $521.5M | ||
| Q1 24 | $23.9M | $526.7M |
| Q4 25 | $69.5M | $719.1M | ||
| Q3 25 | $73.0M | $738.5M | ||
| Q2 25 | $71.7M | $776.7M | ||
| Q1 25 | $68.5M | $810.5M | ||
| Q4 24 | $75.5M | $869.6M | ||
| Q3 24 | $74.7M | $1.0B | ||
| Q2 24 | $69.9M | $1.0B | ||
| Q1 24 | $68.6M | $1.0B |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 0.73× |
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 | $17.4M |
| Free Cash FlowOCF − Capex | $2.3M | — |
| FCF MarginFCF / Revenue | 7.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $17.4M | ||
| Q3 25 | $-1.9M | $-2.0M | ||
| Q2 25 | $7.6M | $-2.2M | ||
| Q1 25 | $-7.4M | $6.4M | ||
| Q4 24 | $617.4K | $16.1M | ||
| Q3 24 | $-915.0K | $-4.3M | ||
| Q2 24 | $862.1K | $-6.1M | ||
| Q1 24 | $-8.0M | $11.9M |
| 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 | — | 0.81× | ||
| Q3 25 | — | -4.04× | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | 3.12× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | -2.39× | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | 8.66× |
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% |
FPI
Segment breakdown not available.
