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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $16.8M, roughly 1.8× John Marshall Bancorp, Inc.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs -8.6%, a 45.0% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% 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.
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
FGI vs JMSB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $16.8M |
| Net Profit | $-2.6M | $6.1M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 36.3% |
| Revenue YoY | -14.4% | — |
| Net Profit YoY | -553.1% | 26.8% |
| EPS (diluted) | $-1.63 | $0.43 |
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.
| Q1 26 | — | $16.8M | ||
| Q4 25 | $30.5M | $16.4M | ||
| Q3 25 | $35.8M | $16.3M | ||
| Q2 25 | $31.0M | $15.4M | ||
| Q1 25 | $33.2M | $14.6M | ||
| Q4 24 | $35.6M | $14.3M | ||
| Q3 24 | $36.1M | $13.8M | ||
| Q2 24 | $29.4M | $12.6M |
| Q1 26 | — | $6.1M | ||
| Q4 25 | $-2.6M | $5.9M | ||
| Q3 25 | $-1.7M | $5.4M | ||
| Q2 25 | $-1.2M | $5.1M | ||
| Q1 25 | $-629.1K | $4.8M | ||
| Q4 24 | $-402.3K | $4.8M | ||
| Q3 24 | $-550.1K | $4.2M | ||
| Q2 24 | $163.6K | $3.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -2.2% | 47.4% | ||
| Q3 25 | 1.0% | 42.2% | ||
| Q2 25 | -2.7% | 42.7% | ||
| Q1 25 | -3.9% | 42.4% | ||
| Q4 24 | -3.5% | 42.5% | ||
| Q3 24 | -0.2% | 38.8% | ||
| Q2 24 | -1.5% | 39.7% |
| Q1 26 | — | 36.3% | ||
| Q4 25 | -8.6% | 36.2% | ||
| Q3 25 | -4.6% | 33.2% | ||
| Q2 25 | -4.0% | 33.1% | ||
| Q1 25 | -1.9% | 32.9% | ||
| Q4 24 | -1.1% | 33.3% | ||
| Q3 24 | -1.5% | 30.7% | ||
| Q2 24 | 0.6% | 30.9% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | $-1.63 | $0.41 | ||
| Q3 25 | $-0.86 | $0.38 | ||
| Q2 25 | $-0.64 | $0.36 | ||
| Q1 25 | $-0.07 | $0.34 | ||
| Q4 24 | $-0.38 | $0.33 | ||
| Q3 24 | $-0.29 | $0.30 | ||
| Q2 24 | $0.08 | $0.27 |
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 | $150.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $268.1M |
| Total Assets | $69.5M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.2M | ||
| Q4 25 | $1.9M | $130.0M | ||
| Q3 25 | $1.9M | $163.6M | ||
| Q2 25 | $2.5M | $116.9M | ||
| Q1 25 | $1.2M | $169.1M | ||
| Q4 24 | $4.6M | $122.5M | ||
| Q3 24 | $3.0M | $177.2M | ||
| Q2 24 | $1.3M | $182.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $80.9M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $80.8M | ||
| Q1 25 | — | $80.8M | ||
| Q4 24 | — | $80.8M | ||
| Q3 24 | — | $80.8M | ||
| Q2 24 | — | $24.7M |
| Q1 26 | — | $268.1M | ||
| Q4 25 | $17.3M | $265.6M | ||
| Q3 25 | $19.7M | $259.7M | ||
| Q2 25 | $21.3M | $253.7M | ||
| Q1 25 | $21.8M | $253.0M | ||
| Q4 24 | $22.3M | $246.6M | ||
| Q3 24 | $23.5M | $243.1M | ||
| Q2 24 | $23.8M | $235.3M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $69.5M | $2.3B | ||
| Q3 25 | $73.0M | $2.3B | ||
| Q2 25 | $71.7M | $2.3B | ||
| Q1 25 | $68.5M | $2.3B | ||
| Q4 24 | $75.5M | $2.2B | ||
| Q3 24 | $74.7M | $2.3B | ||
| Q2 24 | $69.9M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 0.11× |
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 | — |
| Free Cash FlowOCF − Capex | $2.3M | — |
| FCF MarginFCF / Revenue | 7.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $22.6M | ||
| Q3 25 | $-1.9M | $1.2M | ||
| Q2 25 | $7.6M | $7.5M | ||
| Q1 25 | $-7.4M | $7.0M | ||
| Q4 24 | $617.4K | $17.3M | ||
| Q3 24 | $-915.0K | $1.4M | ||
| Q2 24 | $862.1K | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $22.0M | ||
| Q3 25 | $-2.1M | $1.2M | ||
| Q2 25 | $7.4M | $7.4M | ||
| Q1 25 | $-7.7M | $6.6M | ||
| Q4 24 | $-214.1K | $16.8M | ||
| Q3 24 | $-1.1M | $1.3M | ||
| Q2 24 | $281.5K | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 134.7% | ||
| Q3 25 | -5.9% | 7.3% | ||
| Q2 25 | 23.8% | 47.8% | ||
| Q1 25 | -23.3% | 45.3% | ||
| Q4 24 | -0.6% | 116.9% | ||
| Q3 24 | -3.0% | 9.5% | ||
| Q2 24 | 1.0% | 80.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.4% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.7% | 1.0% | ||
| Q1 25 | 1.1% | 2.3% | ||
| Q4 24 | 2.3% | 3.4% | ||
| Q3 24 | 0.5% | 0.8% | ||
| Q2 24 | 2.0% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.82× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 3.61× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | 5.27× | 2.60× |
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% |
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
