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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $21.3M, roughly 1.4× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -8.6%, a 250.9% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -14.4%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% 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.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

FGI vs IVR — Head-to-Head

Bigger by revenue
FGI
FGI
1.4× larger
FGI
$30.5M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+69.8% gap
IVR
55.4%
-14.4%
FGI
Higher net margin
IVR
IVR
250.9% more per $
IVR
242.2%
-8.6%
FGI
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-0.5%
FGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FGI
FGI
IVR
IVR
Revenue
$30.5M
$21.3M
Net Profit
$-2.6M
$51.5M
Gross Margin
26.7%
Operating Margin
-2.2%
Net Margin
-8.6%
242.2%
Revenue YoY
-14.4%
55.4%
Net Profit YoY
-553.1%
1368.7%
EPS (diluted)
$-1.63
$0.72

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.

Revenue
FGI
FGI
IVR
IVR
Q4 25
$30.5M
$21.3M
Q3 25
$35.8M
$17.6M
Q2 25
$31.0M
$17.7M
Q1 25
$33.2M
$18.8M
Q4 24
$35.6M
$13.7M
Q3 24
$36.1M
$7.5M
Q2 24
$29.4M
$8.6M
Q1 24
$30.8M
$7.0M
Net Profit
FGI
FGI
IVR
IVR
Q4 25
$-2.6M
$51.5M
Q3 25
$-1.7M
$53.5M
Q2 25
$-1.2M
$-23.3M
Q1 25
$-629.1K
$19.6M
Q4 24
$-402.3K
$3.5M
Q3 24
$-550.1K
$40.7M
Q2 24
$163.6K
$-13.5M
Q1 24
$-412.2K
$29.1M
Gross Margin
FGI
FGI
IVR
IVR
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%
Operating Margin
FGI
FGI
IVR
IVR
Q4 25
-2.2%
Q3 25
1.0%
Q2 25
-2.7%
Q1 25
-3.9%
Q4 24
-3.5%
Q3 24
-0.2%
Q2 24
-1.5%
Q1 24
-1.0%
Net Margin
FGI
FGI
IVR
IVR
Q4 25
-8.6%
242.2%
Q3 25
-4.6%
303.6%
Q2 25
-4.0%
-131.6%
Q1 25
-1.9%
104.4%
Q4 24
-1.1%
25.6%
Q3 24
-1.5%
542.2%
Q2 24
0.6%
-155.9%
Q1 24
-1.3%
415.9%
EPS (diluted)
FGI
FGI
IVR
IVR
Q4 25
$-1.63
$0.72
Q3 25
$-0.86
$0.74
Q2 25
$-0.64
$-0.40
Q1 25
$-0.07
$0.26
Q4 24
$-0.38
$-0.09
Q3 24
$-0.29
$0.63
Q2 24
$0.08
$-0.38
Q1 24
$-0.04
$0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FGI
FGI
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$1.9M
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.3M
$797.5M
Total Assets
$69.5M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FGI
FGI
IVR
IVR
Q4 25
$1.9M
$56.0M
Q3 25
$1.9M
$58.5M
Q2 25
$2.5M
$59.4M
Q1 25
$1.2M
$42.9M
Q4 24
$4.6M
$73.4M
Q3 24
$3.0M
$48.3M
Q2 24
$1.3M
$58.8M
Q1 24
$3.3M
$59.9M
Stockholders' Equity
FGI
FGI
IVR
IVR
Q4 25
$17.3M
$797.5M
Q3 25
$19.7M
$769.6M
Q2 25
$21.3M
$709.4M
Q1 25
$21.8M
$759.2M
Q4 24
$22.3M
$730.7M
Q3 24
$23.5M
$857.0M
Q2 24
$23.8M
$759.2M
Q1 24
$23.9M
$785.6M
Total Assets
FGI
FGI
IVR
IVR
Q4 25
$69.5M
$6.5B
Q3 25
$73.0M
$6.0B
Q2 25
$71.7M
$5.4B
Q1 25
$68.5M
$6.2B
Q4 24
$75.5M
$5.7B
Q3 24
$74.7M
$6.1B
Q2 24
$69.9M
$5.1B
Q1 24
$68.6M
$5.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FGI
FGI
IVR
IVR
Operating Cash FlowLast quarter
$2.3M
$157.1M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FGI
FGI
IVR
IVR
Q4 25
$2.3M
$157.1M
Q3 25
$-1.9M
$37.3M
Q2 25
$7.6M
$40.6M
Q1 25
$-7.4M
$19.3M
Q4 24
$617.4K
$183.2M
Q3 24
$-915.0K
$30.8M
Q2 24
$862.1K
$33.0M
Q1 24
$-8.0M
$57.5M
Free Cash Flow
FGI
FGI
IVR
IVR
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
FCF Margin
FGI
FGI
IVR
IVR
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%
Capex Intensity
FGI
FGI
IVR
IVR
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%
Cash Conversion
FGI
FGI
IVR
IVR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
5.27×
Q1 24
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

IVR
IVR

Segment breakdown not available.

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