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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $30.5M, roughly 1.8× FGI Industries Ltd.). Inspirato Inc runs the higher net margin — -8.1% vs -8.6%, a 0.5% gap on every dollar of revenue. On growth, FGI Industries Ltd. posted the faster year-over-year revenue change (-14.4% vs -19.6%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-3.0M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -11.4%).
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.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
FGI vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $55.5M |
| Net Profit | $-2.6M | $-4.5M |
| Gross Margin | 26.7% | 31.4% |
| Operating Margin | -2.2% | -8.0% |
| Net Margin | -8.6% | -8.1% |
| Revenue YoY | -14.4% | -19.6% |
| Net Profit YoY | -553.1% | -204.4% |
| EPS (diluted) | $-1.63 | $-0.36 |
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 | — | ||
| Q3 25 | $35.8M | $55.5M | ||
| Q2 25 | $31.0M | $63.1M | ||
| Q1 25 | $33.2M | $65.9M | ||
| Q4 24 | $35.6M | $63.1M | ||
| Q3 24 | $36.1M | $69.1M | ||
| Q2 24 | $29.4M | $67.4M | ||
| Q1 24 | $30.8M | $80.2M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $-4.5M | ||
| Q2 25 | $-1.2M | $-5.3M | ||
| Q1 25 | $-629.1K | $1.6M | ||
| Q4 24 | $-402.3K | $-2.3M | ||
| Q3 24 | $-550.1K | $4.3M | ||
| Q2 24 | $163.6K | $-8.7M | ||
| Q1 24 | $-412.2K | $1.3M |
| Q4 25 | 26.7% | — | ||
| Q3 25 | 26.5% | 31.4% | ||
| Q2 25 | 28.1% | 27.5% | ||
| Q1 25 | 26.8% | 38.8% | ||
| Q4 24 | 24.6% | 34.7% | ||
| Q3 24 | 25.8% | 71.5% | ||
| Q2 24 | 30.5% | 24.0% | ||
| Q1 24 | 27.4% | 39.5% |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 1.0% | -8.0% | ||
| Q2 25 | -2.7% | -8.3% | ||
| Q1 25 | -3.9% | 2.5% | ||
| Q4 24 | -3.5% | -3.2% | ||
| Q3 24 | -0.2% | 9.8% | ||
| Q2 24 | -1.5% | -22.8% | ||
| Q1 24 | -1.0% | 3.0% |
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | -8.1% | ||
| Q2 25 | -4.0% | -8.4% | ||
| Q1 25 | -1.9% | 2.5% | ||
| Q4 24 | -1.1% | -3.6% | ||
| Q3 24 | -1.5% | 6.3% | ||
| Q2 24 | 0.6% | -12.9% | ||
| Q1 24 | -1.3% | 1.6% |
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.86 | $-0.36 | ||
| Q2 25 | $-0.64 | $-0.42 | ||
| Q1 25 | $-0.07 | $0.12 | ||
| Q4 24 | $-0.38 | $0.98 | ||
| Q3 24 | $-0.29 | $0.62 | ||
| Q2 24 | $0.08 | $-2.33 | ||
| Q1 24 | $-0.04 | $-0.18 |
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 | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $-134.0M |
| Total Assets | $69.5M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | — | ||
| Q3 25 | $1.9M | $13.7M | ||
| Q2 25 | $2.5M | $16.7M | ||
| Q1 25 | $1.2M | $16.4M | ||
| Q4 24 | $4.6M | $21.8M | ||
| Q3 24 | $3.0M | $13.5M | ||
| Q2 24 | $1.3M | $18.8M | ||
| Q1 24 | $3.3M | $22.6M |
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | $-134.0M | ||
| Q2 25 | $21.3M | $-129.7M | ||
| Q1 25 | $21.8M | $-125.2M | ||
| Q4 24 | $22.3M | $-129.9M | ||
| Q3 24 | $23.5M | $-134.6M | ||
| Q2 24 | $23.8M | $-35.2M | ||
| Q1 24 | $23.9M | $-27.5M |
| Q4 25 | $69.5M | — | ||
| Q3 25 | $73.0M | $228.3M | ||
| Q2 25 | $71.7M | $252.6M | ||
| Q1 25 | $68.5M | $270.1M | ||
| Q4 24 | $75.5M | $273.9M | ||
| Q3 24 | $74.7M | $273.3M | ||
| Q2 24 | $69.9M | $301.7M | ||
| Q1 24 | $68.6M | $313.0M |
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 | $-2.2M |
| Free Cash FlowOCF − Capex | $2.3M | $-3.0M |
| FCF MarginFCF / Revenue | 7.5% | -5.4% |
| Capex IntensityCapex / Revenue | 0.2% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-1.9M | $-2.2M | ||
| Q2 25 | $7.6M | $1.1M | ||
| Q1 25 | $-7.4M | $-6.6M | ||
| Q4 24 | $617.4K | $-15.8M | ||
| Q3 24 | $-915.0K | $-13.7M | ||
| Q2 24 | $862.1K | $-1.8M | ||
| Q1 24 | $-8.0M | $-7.2M |
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-2.1M | $-3.0M | ||
| Q2 25 | $7.4M | $468.0K | ||
| Q1 25 | $-7.7M | $-7.5M | ||
| Q4 24 | $-214.1K | $-21.2M | ||
| Q3 24 | $-1.1M | $-14.8M | ||
| Q2 24 | $281.5K | $-3.7M | ||
| Q1 24 | $-8.6M | $-8.5M |
| Q4 25 | 7.5% | — | ||
| Q3 25 | -5.9% | -5.4% | ||
| Q2 25 | 23.8% | 0.7% | ||
| Q1 25 | -23.3% | -11.4% | ||
| Q4 24 | -0.6% | -33.7% | ||
| Q3 24 | -3.0% | -21.5% | ||
| Q2 24 | 1.0% | -5.5% | ||
| Q1 24 | -28.0% | -10.6% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | 1.4% | ||
| Q2 25 | 0.7% | 1.0% | ||
| Q1 25 | 1.1% | 1.3% | ||
| Q4 24 | 2.3% | 8.7% | ||
| Q3 24 | 0.5% | 1.6% | ||
| Q2 24 | 2.0% | 2.8% | ||
| Q1 24 | 2.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.16× | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | -5.70× |
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% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
