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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Ladder Capital Corp (LADR). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $22.3M, roughly 1.4× Ladder Capital Corp). Ladder Capital Corp runs the higher net margin — 71.0% vs -8.6%, a 79.7% gap on every dollar of revenue. On growth, FGI Industries Ltd. posted the faster year-over-year revenue change (-14.4% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $2.3M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -22.5%).
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.
Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.
FGI vs LADR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $22.3M |
| Net Profit | $-2.6M | $15.9M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | 69.5% |
| Net Margin | -8.6% | 71.0% |
| Revenue YoY | -14.4% | -18.0% |
| Net Profit YoY | -553.1% | -49.4% |
| EPS (diluted) | $-1.63 | $0.13 |
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 | $22.3M | ||
| Q3 25 | $35.8M | $27.8M | ||
| Q2 25 | $31.0M | $21.5M | ||
| Q1 25 | $33.2M | $20.3M | ||
| Q4 24 | $35.6M | $27.2M | ||
| Q3 24 | $36.1M | $38.4M | ||
| Q2 24 | $29.4M | $34.3M | ||
| Q1 24 | $30.8M | $37.1M |
| Q4 25 | $-2.6M | $15.9M | ||
| Q3 25 | $-1.7M | $19.2M | ||
| Q2 25 | $-1.2M | $17.1M | ||
| Q1 25 | $-629.1K | $11.6M | ||
| Q4 24 | $-402.3K | $31.3M | ||
| Q3 24 | $-550.1K | $27.6M | ||
| Q2 24 | $163.6K | $32.1M | ||
| Q1 24 | $-412.2K | $16.4M |
| 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% | 69.5% | ||
| Q3 25 | 1.0% | 72.4% | ||
| Q2 25 | -2.7% | 96.7% | ||
| Q1 25 | -3.9% | 52.7% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -0.2% | 74.1% | ||
| Q2 24 | -1.5% | 90.4% | ||
| Q1 24 | -1.0% | 49.4% |
| Q4 25 | -8.6% | 71.0% | ||
| Q3 25 | -4.6% | 69.0% | ||
| Q2 25 | -4.0% | 79.5% | ||
| Q1 25 | -1.9% | 56.8% | ||
| Q4 24 | -1.1% | 115.1% | ||
| Q3 24 | -1.5% | 71.7% | ||
| Q2 24 | 0.6% | 93.6% | ||
| Q1 24 | -1.3% | 44.2% |
| Q4 25 | $-1.63 | $0.13 | ||
| Q3 25 | $-0.86 | $0.15 | ||
| Q2 25 | $-0.64 | $0.14 | ||
| Q1 25 | $-0.07 | $0.09 | ||
| Q4 24 | $-0.38 | $0.25 | ||
| Q3 24 | $-0.29 | $0.22 | ||
| Q2 24 | $0.08 | $0.26 | ||
| Q1 24 | $-0.04 | $0.13 |
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 | $38.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $1.5B |
| Total Assets | $69.5M | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $38.0M | ||
| Q3 25 | $1.9M | $49.4M | ||
| Q2 25 | $2.5M | $134.9M | ||
| Q1 25 | $1.2M | $479.8M | ||
| Q4 24 | $4.6M | $1.3B | ||
| Q3 24 | $3.0M | $1.6B | ||
| Q2 24 | $1.3M | $1.2B | ||
| Q1 24 | $3.3M | $1.2B |
| Q4 25 | $17.3M | $1.5B | ||
| Q3 25 | $19.7M | $1.5B | ||
| Q2 25 | $21.3M | $1.5B | ||
| Q1 25 | $21.8M | $1.5B | ||
| Q4 24 | $22.3M | $1.5B | ||
| Q3 24 | $23.5M | $1.5B | ||
| Q2 24 | $23.8M | $1.5B | ||
| Q1 24 | $23.9M | $1.5B |
| Q4 25 | $69.5M | $5.2B | ||
| Q3 25 | $73.0M | $4.7B | ||
| Q2 25 | $71.7M | $4.5B | ||
| Q1 25 | $68.5M | $4.5B | ||
| Q4 24 | $75.5M | $4.8B | ||
| Q3 24 | $74.7M | $4.8B | ||
| Q2 24 | $69.9M | $4.8B | ||
| Q1 24 | $68.6M | $5.3B |
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 | $87.0M |
| Free Cash FlowOCF − Capex | $2.3M | $78.7M |
| FCF MarginFCF / Revenue | 7.5% | 352.4% |
| Capex IntensityCapex / Revenue | 0.2% | 37.4% |
| Cash ConversionOCF / Net Profit | — | 5.49× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $118.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $87.0M | ||
| Q3 25 | $-1.9M | $26.3M | ||
| Q2 25 | $7.6M | $44.0M | ||
| Q1 25 | $-7.4M | $-28.7M | ||
| Q4 24 | $617.4K | $133.9M | ||
| Q3 24 | $-915.0K | $169.0M | ||
| Q2 24 | $862.1K | $45.4M | ||
| Q1 24 | $-8.0M | $-20.4M |
| Q4 25 | $2.3M | $78.7M | ||
| Q3 25 | $-2.1M | $25.9M | ||
| Q2 25 | $7.4M | $43.4M | ||
| Q1 25 | $-7.7M | $-29.6M | ||
| Q4 24 | $-214.1K | $127.4M | ||
| Q3 24 | $-1.1M | $166.0M | ||
| Q2 24 | $281.5K | $44.9M | ||
| Q1 24 | $-8.6M | $-21.7M |
| Q4 25 | 7.5% | 352.4% | ||
| Q3 25 | -5.9% | 93.1% | ||
| Q2 25 | 23.8% | 201.6% | ||
| Q1 25 | -23.3% | -145.6% | ||
| Q4 24 | -0.6% | 468.2% | ||
| Q3 24 | -3.0% | 432.1% | ||
| Q2 24 | 1.0% | 131.0% | ||
| Q1 24 | -28.0% | -58.6% |
| Q4 25 | 0.2% | 37.4% | ||
| Q3 25 | 0.7% | 1.7% | ||
| Q2 25 | 0.7% | 2.9% | ||
| Q1 25 | 1.1% | 4.3% | ||
| Q4 24 | 2.3% | 23.9% | ||
| Q3 24 | 0.5% | 7.8% | ||
| Q2 24 | 2.0% | 1.3% | ||
| Q1 24 | 2.0% | 3.7% |
| Q4 25 | — | 5.49× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 2.57× | ||
| Q1 25 | — | -2.49× | ||
| Q4 24 | — | 4.27× | ||
| Q3 24 | — | 6.13× | ||
| Q2 24 | 5.27× | 1.41× | ||
| Q1 24 | — | -1.24× |
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% |
LADR
Segment breakdown not available.
