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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $30.5M, roughly 1.9× FGI Industries Ltd.). GRAHAM CORP runs the higher net margin — 5.0% vs -8.6%, a 13.6% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs -14.4%). GRAHAM CORP produced more free cash flow last quarter ($2.4M vs $2.3M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
FGI vs GHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $56.7M |
| Net Profit | $-2.6M | $2.8M |
| Gross Margin | 26.7% | 23.8% |
| Operating Margin | -2.2% | 5.5% |
| Net Margin | -8.6% | 5.0% |
| Revenue YoY | -14.4% | 20.5% |
| Net Profit YoY | -553.1% | 79.2% |
| EPS (diluted) | $-1.63 | $0.25 |
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 | $56.7M | ||
| Q3 25 | $35.8M | $66.0M | ||
| Q2 25 | $31.0M | $55.5M | ||
| Q1 25 | $33.2M | $59.3M | ||
| Q4 24 | $35.6M | $47.0M | ||
| Q3 24 | $36.1M | $53.6M | ||
| Q2 24 | $29.4M | $50.0M | ||
| Q1 24 | $30.8M | $49.1M |
| Q4 25 | $-2.6M | $2.8M | ||
| Q3 25 | $-1.7M | $3.1M | ||
| Q2 25 | $-1.2M | $4.6M | ||
| Q1 25 | $-629.1K | $4.4M | ||
| Q4 24 | $-402.3K | $1.6M | ||
| Q3 24 | $-550.1K | $3.3M | ||
| Q2 24 | $163.6K | $3.0M | ||
| Q1 24 | $-412.2K | $1.3M |
| Q4 25 | 26.7% | 23.8% | ||
| Q3 25 | 26.5% | 21.7% | ||
| Q2 25 | 28.1% | 26.5% | ||
| Q1 25 | 26.8% | 27.0% | ||
| Q4 24 | 24.6% | 24.8% | ||
| Q3 24 | 25.8% | 23.9% | ||
| Q2 24 | 30.5% | 24.8% | ||
| Q1 24 | 27.4% | 25.9% |
| Q4 25 | -2.2% | 5.5% | ||
| Q3 25 | 1.0% | 6.5% | ||
| Q2 25 | -2.7% | 8.9% | ||
| Q1 25 | -3.9% | 9.3% | ||
| Q4 24 | -3.5% | 4.7% | ||
| Q3 24 | -0.2% | 7.9% | ||
| Q2 24 | -1.5% | 6.5% | ||
| Q1 24 | -1.0% | 3.1% |
| Q4 25 | -8.6% | 5.0% | ||
| Q3 25 | -4.6% | 4.7% | ||
| Q2 25 | -4.0% | 8.3% | ||
| Q1 25 | -1.9% | 7.4% | ||
| Q4 24 | -1.1% | 3.4% | ||
| Q3 24 | -1.5% | 6.1% | ||
| Q2 24 | 0.6% | 5.9% | ||
| Q1 24 | -1.3% | 2.7% |
| Q4 25 | $-1.63 | $0.25 | ||
| Q3 25 | $-0.86 | $0.28 | ||
| Q2 25 | $-0.64 | $0.42 | ||
| Q1 25 | $-0.07 | $0.40 | ||
| Q4 24 | $-0.38 | $0.14 | ||
| Q3 24 | $-0.29 | $0.30 | ||
| Q2 24 | $0.08 | $0.27 | ||
| Q1 24 | $-0.04 | $0.11 |
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 | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $131.3M |
| Total Assets | $69.5M | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $22.3M | ||
| Q3 25 | $1.9M | $20.6M | ||
| Q2 25 | $2.5M | $10.8M | ||
| Q1 25 | $1.2M | $21.6M | ||
| Q4 24 | $4.6M | $30.0M | ||
| Q3 24 | $3.0M | $32.3M | ||
| Q2 24 | $1.3M | $21.6M | ||
| Q1 24 | $3.3M | $16.9M |
| Q4 25 | $17.3M | $131.3M | ||
| Q3 25 | $19.7M | $127.6M | ||
| Q2 25 | $21.3M | $123.4M | ||
| Q1 25 | $21.8M | $119.6M | ||
| Q4 24 | $22.3M | $114.4M | ||
| Q3 24 | $23.5M | $112.5M | ||
| Q2 24 | $23.8M | $108.2M | ||
| Q1 24 | $23.9M | $105.6M |
| Q4 25 | $69.5M | $292.9M | ||
| Q3 25 | $73.0M | $287.0M | ||
| Q2 25 | $71.7M | $252.3M | ||
| Q1 25 | $68.5M | $264.1M | ||
| Q4 24 | $75.5M | $264.3M | ||
| Q3 24 | $74.7M | $249.5M | ||
| Q2 24 | $69.9M | $244.2M | ||
| Q1 24 | $68.6M | $233.9M |
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 | $4.8M |
| Free Cash FlowOCF − Capex | $2.3M | $2.4M |
| FCF MarginFCF / Revenue | 7.5% | 4.3% |
| Capex IntensityCapex / Revenue | 0.2% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $4.8M | ||
| Q3 25 | $-1.9M | $13.6M | ||
| Q2 25 | $7.6M | $-2.3M | ||
| Q1 25 | $-7.4M | $-3.6M | ||
| Q4 24 | $617.4K | $5.2M | ||
| Q3 24 | $-915.0K | $13.9M | ||
| Q2 24 | $862.1K | $8.7M | ||
| Q1 24 | $-8.0M | $8.6M |
| Q4 25 | $2.3M | $2.4M | ||
| Q3 25 | $-2.1M | $9.4M | ||
| Q2 25 | $7.4M | $-9.3M | ||
| Q1 25 | $-7.7M | $-8.7M | ||
| Q4 24 | $-214.1K | $-2.1M | ||
| Q3 24 | $-1.1M | $10.4M | ||
| Q2 24 | $281.5K | $5.7M | ||
| Q1 24 | $-8.6M | $4.6M |
| Q4 25 | 7.5% | 4.3% | ||
| Q3 25 | -5.9% | 14.3% | ||
| Q2 25 | 23.8% | -16.7% | ||
| Q1 25 | -23.3% | -14.7% | ||
| Q4 24 | -0.6% | -4.5% | ||
| Q3 24 | -3.0% | 19.5% | ||
| Q2 24 | 1.0% | 11.5% | ||
| Q1 24 | -28.0% | 9.4% |
| Q4 25 | 0.2% | 4.1% | ||
| Q3 25 | 0.7% | 6.3% | ||
| Q2 25 | 0.7% | 12.6% | ||
| Q1 25 | 1.1% | 8.7% | ||
| Q4 24 | 2.3% | 15.6% | ||
| Q3 24 | 0.5% | 6.5% | ||
| Q2 24 | 2.0% | 6.0% | ||
| Q1 24 | 2.0% | 8.2% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 4.40× | ||
| Q2 25 | — | -0.49× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 3.29× | ||
| Q3 24 | — | 4.25× | ||
| Q2 24 | 5.27× | 2.94× | ||
| Q1 24 | — | 6.45× |
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% |
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
