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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and HAWTHORN BANCSHARES, INC. (HWBK). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $21.2M, roughly 1.4× HAWTHORN BANCSHARES, INC.). On growth, HAWTHORN BANCSHARES, INC. posted the faster year-over-year revenue change (12.2% vs -14.4%). HAWTHORN BANCSHARES, INC. produced more free cash flow last quarter ($22.8M vs $2.3M). Over the past eight quarters, HAWTHORN BANCSHARES, INC.'s revenue compounded faster (9.1% 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.
Hawthorn Bancshares, Inc. is a U.S. regional bank holding company operating through its wholly owned subsidiary Hawthorn Bank. It provides a full range of retail and commercial banking services including deposit products, mortgage loans, small business financing, commercial lending, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises across local communities in Missouri.
FGI vs HWBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $21.2M |
| Net Profit | $-2.6M | — |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | 35.7% |
| Net Margin | -8.6% | — |
| Revenue YoY | -14.4% | 12.2% |
| Net Profit YoY | -553.1% | — |
| EPS (diluted) | $-1.63 | $0.90 |
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 | $21.2M | ||
| Q3 25 | $35.8M | $20.6M | ||
| Q2 25 | $31.0M | $19.7M | ||
| Q1 25 | $33.2M | $18.8M | ||
| Q4 24 | $35.6M | $18.9M | ||
| Q3 24 | $36.1M | $18.1M | ||
| Q2 24 | $29.4M | $18.2M | ||
| Q1 24 | $30.8M | $17.8M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $6.1M | ||
| Q2 25 | $-1.2M | $6.1M | ||
| Q1 25 | $-629.1K | $5.4M | ||
| Q4 24 | $-402.3K | — | ||
| Q3 24 | $-550.1K | $4.6M | ||
| Q2 24 | $163.6K | $4.6M | ||
| Q1 24 | $-412.2K | $4.5M |
| 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% | 35.7% | ||
| Q3 25 | 1.0% | 36.4% | ||
| Q2 25 | -2.7% | 37.9% | ||
| Q1 25 | -3.9% | 35.2% | ||
| Q4 24 | -3.5% | 29.9% | ||
| Q3 24 | -0.2% | 31.1% | ||
| Q2 24 | -1.5% | 31.2% | ||
| Q1 24 | -1.0% | 30.5% |
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | 29.8% | ||
| Q2 25 | -4.0% | 31.0% | ||
| Q1 25 | -1.9% | 28.7% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -1.5% | 25.3% | ||
| Q2 24 | 0.6% | 25.5% | ||
| Q1 24 | -1.3% | 25.1% |
| Q4 25 | $-1.63 | $0.90 | ||
| Q3 25 | $-0.86 | $0.88 | ||
| Q2 25 | $-0.64 | $0.88 | ||
| Q1 25 | $-0.07 | $0.77 | ||
| Q4 24 | $-0.38 | $0.66 | ||
| Q3 24 | $-0.29 | $0.66 | ||
| Q2 24 | $0.08 | $0.66 | ||
| Q1 24 | $-0.04 | $0.63 |
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 | $104.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $174.2M |
| Total Assets | $69.5M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $104.3M | ||
| Q3 25 | $1.9M | $99.9M | ||
| Q2 25 | $2.5M | $100.3M | ||
| Q1 25 | $1.2M | $102.3M | ||
| Q4 24 | $4.6M | $51.0M | ||
| Q3 24 | $3.0M | $54.2M | ||
| Q2 24 | $1.3M | $75.8M | ||
| Q1 24 | $3.3M | $43.5M |
| Q4 25 | $17.3M | $174.2M | ||
| Q3 25 | $19.7M | $164.9M | ||
| Q2 25 | $21.3M | $156.8M | ||
| Q1 25 | $21.8M | $153.4M | ||
| Q4 24 | $22.3M | $149.5M | ||
| Q3 24 | $23.5M | $146.5M | ||
| Q2 24 | $23.8M | $138.2M | ||
| Q1 24 | $23.9M | $136.6M |
| Q4 25 | $69.5M | $1.9B | ||
| Q3 25 | $73.0M | $1.9B | ||
| Q2 25 | $71.7M | $1.9B | ||
| Q1 25 | $68.5M | $1.9B | ||
| Q4 24 | $75.5M | $1.8B | ||
| Q3 24 | $74.7M | $1.8B | ||
| Q2 24 | $69.9M | $1.8B | ||
| Q1 24 | $68.6M | $1.8B |
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 | $26.9M |
| Free Cash FlowOCF − Capex | $2.3M | $22.8M |
| FCF MarginFCF / Revenue | 7.5% | 107.9% |
| Capex IntensityCapex / Revenue | 0.2% | 19.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $32.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $26.9M | ||
| Q3 25 | $-1.9M | $288.0K | ||
| Q2 25 | $7.6M | $5.8M | ||
| Q1 25 | $-7.4M | $5.7M | ||
| Q4 24 | $617.4K | $25.6M | ||
| Q3 24 | $-915.0K | $9.1M | ||
| Q2 24 | $862.1K | $8.9M | ||
| Q1 24 | $-8.0M | $5.6M |
| Q4 25 | $2.3M | $22.8M | ||
| Q3 25 | $-2.1M | $-734.0K | ||
| Q2 25 | $7.4M | $5.1M | ||
| Q1 25 | $-7.7M | $5.5M | ||
| Q4 24 | $-214.1K | $22.6M | ||
| Q3 24 | $-1.1M | $8.1M | ||
| Q2 24 | $281.5K | $8.4M | ||
| Q1 24 | $-8.6M | $5.1M |
| Q4 25 | 7.5% | 107.9% | ||
| Q3 25 | -5.9% | -3.6% | ||
| Q2 25 | 23.8% | 25.9% | ||
| Q1 25 | -23.3% | 29.1% | ||
| Q4 24 | -0.6% | 119.7% | ||
| Q3 24 | -3.0% | 44.9% | ||
| Q2 24 | 1.0% | 46.2% | ||
| Q1 24 | -28.0% | 28.5% |
| Q4 25 | 0.2% | 19.3% | ||
| Q3 25 | 0.7% | 5.0% | ||
| Q2 25 | 0.7% | 3.3% | ||
| Q1 25 | 1.1% | 1.5% | ||
| Q4 24 | 2.3% | 15.9% | ||
| Q3 24 | 0.5% | 5.5% | ||
| Q2 24 | 2.0% | 3.0% | ||
| Q1 24 | 2.0% | 3.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | 5.27× | 1.93× | ||
| Q1 24 | — | 1.26× |
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% |
HWBK
Segment breakdown not available.
