vs
Side-by-side financial comparison of FGI Industries Ltd. (FGI) and CarMax (KMX). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $30.5M, roughly 190.2× FGI Industries Ltd.). CarMax runs the higher net margin — 1.1% vs -8.6%, a 9.7% gap on every dollar of revenue. On growth, CarMax posted the faster year-over-year revenue change (-6.9% vs -14.4%). CarMax produced more free cash flow last quarter ($1.1B vs $2.3M). Over the past eight quarters, CarMax's revenue compounded faster (1.5% 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.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
FGI vs KMX — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $5.8B |
| Net Profit | $-2.6M | $62.2M |
| Gross Margin | 26.7% | 10.2% |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 1.1% |
| Revenue YoY | -14.4% | -6.9% |
| Net Profit YoY | -553.1% | -50.4% |
| 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.
| Q4 25 | $30.5M | $5.8B | ||
| Q3 25 | $35.8M | $6.6B | ||
| Q2 25 | $31.0M | $7.5B | ||
| Q1 25 | $33.2M | $6.0B | ||
| Q4 24 | $35.6M | $6.2B | ||
| Q3 24 | $36.1M | $7.0B | ||
| Q2 24 | $29.4M | $7.1B | ||
| Q1 24 | $30.8M | $5.6B |
| Q4 25 | $-2.6M | $62.2M | ||
| Q3 25 | $-1.7M | $95.4M | ||
| Q2 25 | $-1.2M | $210.4M | ||
| Q1 25 | $-629.1K | $89.9M | ||
| Q4 24 | $-402.3K | $125.4M | ||
| Q3 24 | $-550.1K | $132.8M | ||
| Q2 24 | $163.6K | $152.4M | ||
| Q1 24 | $-412.2K | $50.3M |
| Q4 25 | 26.7% | 10.2% | ||
| Q3 25 | 26.5% | 10.9% | ||
| Q2 25 | 28.1% | 11.8% | ||
| Q1 25 | 26.8% | 11.1% | ||
| Q4 24 | 24.6% | 10.9% | ||
| Q3 24 | 25.8% | 10.8% | ||
| Q2 24 | 30.5% | 11.1% | ||
| Q1 24 | 27.4% | 10.4% |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | -2.7% | — | ||
| Q1 25 | -3.9% | 2.0% | ||
| Q4 24 | -3.5% | 2.7% | ||
| Q3 24 | -0.2% | 2.5% | ||
| Q2 24 | -1.5% | 2.9% | ||
| Q1 24 | -1.0% | 1.2% |
| Q4 25 | -8.6% | 1.1% | ||
| Q3 25 | -4.6% | 1.4% | ||
| Q2 25 | -4.0% | 2.8% | ||
| Q1 25 | -1.9% | 1.5% | ||
| Q4 24 | -1.1% | 2.0% | ||
| Q3 24 | -1.5% | 1.9% | ||
| Q2 24 | 0.6% | 2.1% | ||
| Q1 24 | -1.3% | 0.9% |
| Q4 25 | $-1.63 | $0.43 | ||
| Q3 25 | $-0.86 | $0.64 | ||
| Q2 25 | $-0.64 | $1.38 | ||
| Q1 25 | $-0.07 | $0.58 | ||
| Q4 24 | $-0.38 | $0.81 | ||
| Q3 24 | $-0.29 | $0.85 | ||
| Q2 24 | $0.08 | $0.97 | ||
| Q1 24 | $-0.04 | $0.31 |
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 | $204.9M |
| Total DebtLower is stronger | — | $16.6B |
| Stockholders' EquityBook value | $17.3M | $6.1B |
| Total Assets | $69.5M | $25.6B |
| Debt / EquityLower = less leverage | — | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $204.9M | ||
| Q3 25 | $1.9M | $540.4M | ||
| Q2 25 | $2.5M | $262.8M | ||
| Q1 25 | $1.2M | $247.0M | ||
| Q4 24 | $4.6M | $271.9M | ||
| Q3 24 | $3.0M | $524.7M | ||
| Q2 24 | $1.3M | $218.9M | ||
| Q1 24 | $3.3M | $574.1M |
| Q4 25 | — | $16.6B | ||
| Q3 25 | — | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | — | $18.1B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
| Q4 25 | $17.3M | $6.1B | ||
| Q3 25 | $19.7M | $6.2B | ||
| Q2 25 | $21.3M | $6.3B | ||
| Q1 25 | $21.8M | $6.2B | ||
| Q4 24 | $22.3M | $6.2B | ||
| Q3 24 | $23.5M | $6.2B | ||
| Q2 24 | $23.8M | $6.2B | ||
| Q1 24 | $23.9M | $6.1B |
| Q4 25 | $69.5M | $25.6B | ||
| Q3 25 | $73.0M | $27.1B | ||
| Q2 25 | $71.7M | $27.4B | ||
| Q1 25 | $68.5M | $27.4B | ||
| Q4 24 | $75.5M | $27.3B | ||
| Q3 24 | $74.7M | $27.3B | ||
| Q2 24 | $69.9M | $27.2B | ||
| Q1 24 | $68.6M | $27.2B |
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $1.3B |
| Free Cash FlowOCF − Capex | $2.3M | $1.1B |
| FCF MarginFCF / Revenue | 7.5% | 19.2% |
| Capex IntensityCapex / Revenue | 0.2% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $1.3B | ||
| Q3 25 | $-1.9M | $785.5M | ||
| Q2 25 | $7.6M | $299.5M | ||
| Q1 25 | $-7.4M | $146.4M | ||
| Q4 24 | $617.4K | $-23.4M | ||
| Q3 24 | $-915.0K | $619.1M | ||
| Q2 24 | $862.1K | $-117.7M | ||
| Q1 24 | $-8.0M | $309.6M |
| Q4 25 | $2.3M | $1.1B | ||
| Q3 25 | $-2.1M | $654.0M | ||
| Q2 25 | $7.4M | $162.8M | ||
| Q1 25 | $-7.7M | $18.8M | ||
| Q4 24 | $-214.1K | $-150.6M | ||
| Q3 24 | $-1.1M | $509.9M | ||
| Q2 24 | $281.5K | $-221.6M | ||
| Q1 24 | $-8.6M | $199.8M |
| Q4 25 | 7.5% | 19.2% | ||
| Q3 25 | -5.9% | 9.9% | ||
| Q2 25 | 23.8% | 2.2% | ||
| Q1 25 | -23.3% | 0.3% | ||
| Q4 24 | -0.6% | -2.4% | ||
| Q3 24 | -3.0% | 7.3% | ||
| Q2 24 | 1.0% | -3.1% | ||
| Q1 24 | -28.0% | 3.6% |
| Q4 25 | 0.2% | 2.4% | ||
| Q3 25 | 0.7% | 2.0% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 1.1% | 2.1% | ||
| Q4 24 | 2.3% | 2.0% | ||
| Q3 24 | 0.5% | 1.6% | ||
| Q2 24 | 2.0% | 1.5% | ||
| Q1 24 | 2.0% | 2.0% |
| Q4 25 | — | 20.14× | ||
| Q3 25 | — | 8.24× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | 5.27× | -0.77× | ||
| Q1 24 | — | 6.16× |
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% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
