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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $18.7M, roughly 1.6× HEALTHY CHOICE WELLNESS CORP.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -8.9%, a 0.2% gap on every dollar of revenue. FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-927.1K).
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.
FGI vs HCWC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $18.7M |
| Net Profit | $-2.6M | $-1.7M |
| Gross Margin | 26.7% | 39.1% |
| Operating Margin | -2.2% | -7.6% |
| Net Margin | -8.6% | -8.9% |
| Revenue YoY | -14.4% | — |
| Net Profit YoY | -553.1% | — |
| EPS (diluted) | $-1.63 | $-0.05 |
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 | $18.7M | ||
| Q3 25 | $35.8M | $19.0M | ||
| Q2 25 | $31.0M | $20.2M | ||
| Q1 25 | $33.2M | $20.3M | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $36.1M | $18.2M | ||
| Q2 24 | $29.4M | — | ||
| Q1 24 | $30.8M | — |
| Q4 25 | $-2.6M | $-1.7M | ||
| Q3 25 | $-1.7M | $-1.2M | ||
| Q2 25 | $-1.2M | $-339.4K | ||
| Q1 25 | $-629.1K | $-712.4K | ||
| Q4 24 | $-402.3K | — | ||
| Q3 24 | $-550.1K | $-2.7M | ||
| Q2 24 | $163.6K | — | ||
| Q1 24 | $-412.2K | — |
| Q4 25 | 26.7% | 39.1% | ||
| Q3 25 | 26.5% | 38.8% | ||
| Q2 25 | 28.1% | 40.1% | ||
| Q1 25 | 26.8% | 38.8% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.8% | 38.4% | ||
| Q2 24 | 30.5% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | -2.2% | -7.6% | ||
| Q3 25 | 1.0% | -3.2% | ||
| Q2 25 | -2.7% | -0.2% | ||
| Q1 25 | -3.9% | -2.0% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -0.2% | -2.0% | ||
| Q2 24 | -1.5% | — | ||
| Q1 24 | -1.0% | — |
| Q4 25 | -8.6% | -8.9% | ||
| Q3 25 | -4.6% | -6.4% | ||
| Q2 25 | -4.0% | -1.7% | ||
| Q1 25 | -1.9% | -3.5% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -1.5% | -14.6% | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -1.3% | — |
| Q4 25 | $-1.63 | $-0.05 | ||
| Q3 25 | $-0.86 | $-0.09 | ||
| Q2 25 | $-0.64 | $-0.03 | ||
| Q1 25 | $-0.07 | $-0.07 | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $-0.29 | $-0.29 | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $-0.04 | — |
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 | $3.0M |
| Total DebtLower is stronger | — | $7.3M |
| Stockholders' EquityBook value | $17.3M | $7.3M |
| Total Assets | $69.5M | $33.5M |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $3.0M | ||
| Q3 25 | $1.9M | $3.0M | ||
| Q2 25 | $2.5M | $4.7M | ||
| Q1 25 | $1.2M | $1.8M | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $3.0M | $1.8M | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $3.3M | — |
| Q4 25 | — | $7.3M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | — | $9.7M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $11.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $17.3M | $7.3M | ||
| Q3 25 | $19.7M | $5.9M | ||
| Q2 25 | $21.3M | $5.8M | ||
| Q1 25 | $21.8M | $2.1M | ||
| Q4 24 | $22.3M | — | ||
| Q3 24 | $23.5M | $2.9M | ||
| Q2 24 | $23.8M | — | ||
| Q1 24 | $23.9M | — |
| Q4 25 | $69.5M | $33.5M | ||
| Q3 25 | $73.0M | $33.7M | ||
| Q2 25 | $71.7M | $36.4M | ||
| Q1 25 | $68.5M | $34.1M | ||
| Q4 24 | $75.5M | — | ||
| Q3 24 | $74.7M | $33.2M | ||
| Q2 24 | $69.9M | — | ||
| Q1 24 | $68.6M | — |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 5.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.95× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.3M | $-855.1K |
| Free Cash FlowOCF − Capex | $2.3M | $-927.1K |
| FCF MarginFCF / Revenue | 7.5% | -5.0% |
| Capex IntensityCapex / Revenue | 0.2% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $675.4K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-855.1K | ||
| Q3 25 | $-1.9M | $-308.7K | ||
| Q2 25 | $7.6M | $1.1M | ||
| Q1 25 | $-7.4M | $1.1M | ||
| Q4 24 | $617.4K | — | ||
| Q3 24 | $-915.0K | — | ||
| Q2 24 | $862.1K | — | ||
| Q1 24 | $-8.0M | — |
| Q4 25 | $2.3M | $-927.1K | ||
| Q3 25 | $-2.1M | $-351.3K | ||
| Q2 25 | $7.4M | $988.6K | ||
| Q1 25 | $-7.7M | $965.3K | ||
| Q4 24 | $-214.1K | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $281.5K | — | ||
| Q1 24 | $-8.6M | — |
| Q4 25 | 7.5% | -5.0% | ||
| Q3 25 | -5.9% | -1.8% | ||
| Q2 25 | 23.8% | 4.9% | ||
| Q1 25 | -23.3% | 4.8% | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -28.0% | — |
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 1.1% | 0.6% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | — |
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% |
HCWC
| Retail Grocery | $17.1M | 91% |
| Food Service Restaurant | $1.7M | 9% |
