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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Mama's Creations, Inc. (MAMA). Click either name above to swap in a different company.
Mama's Creations, Inc. is the larger business by last-quarter revenue ($47.3M vs $30.5M, roughly 1.6× FGI Industries Ltd.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -8.6%, a 9.8% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs -14.4%). Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $2.3M). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% 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.
Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.
FGI vs MAMA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $47.3M |
| Net Profit | $-2.6M | $540.0K |
| Gross Margin | 26.7% | 23.6% |
| Operating Margin | -2.2% | 1.7% |
| Net Margin | -8.6% | 1.1% |
| Revenue YoY | -14.4% | 50.0% |
| Net Profit YoY | -553.1% | 31.7% |
| EPS (diluted) | $-1.63 | $0.01 |
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 | $47.3M | ||
| Q3 25 | $35.8M | $35.2M | ||
| Q2 25 | $31.0M | $35.3M | ||
| Q1 25 | $33.2M | $33.6M | ||
| Q4 24 | $35.6M | $31.5M | ||
| Q3 24 | $36.1M | $28.4M | ||
| Q2 24 | $29.4M | $29.8M | ||
| Q1 24 | $30.8M | $26.7M |
| Q4 25 | $-2.6M | $540.0K | ||
| Q3 25 | $-1.7M | $1.3M | ||
| Q2 25 | $-1.2M | $1.2M | ||
| Q1 25 | $-629.1K | $1.6M | ||
| Q4 24 | $-402.3K | $410.0K | ||
| Q3 24 | $-550.1K | $1.1M | ||
| Q2 24 | $163.6K | $553.0K | ||
| Q1 24 | $-412.2K | $1.4M |
| Q4 25 | 26.7% | 23.6% | ||
| Q3 25 | 26.5% | 24.9% | ||
| Q2 25 | 28.1% | 26.1% | ||
| Q1 25 | 26.8% | 27.0% | ||
| Q4 24 | 24.6% | 22.6% | ||
| Q3 24 | 25.8% | 24.2% | ||
| Q2 24 | 30.5% | 25.0% | ||
| Q1 24 | 27.4% | 29.3% |
| Q4 25 | -2.2% | 1.7% | ||
| Q3 25 | 1.0% | 4.8% | ||
| Q2 25 | -2.7% | 4.5% | ||
| Q1 25 | -3.9% | 5.7% | ||
| Q4 24 | -3.5% | 1.8% | ||
| Q3 24 | -0.2% | 5.7% | ||
| Q2 24 | -1.5% | 2.6% | ||
| Q1 24 | -1.0% | 7.4% |
| Q4 25 | -8.6% | 1.1% | ||
| Q3 25 | -4.6% | 3.6% | ||
| Q2 25 | -4.0% | 3.5% | ||
| Q1 25 | -1.9% | 4.8% | ||
| Q4 24 | -1.1% | 1.3% | ||
| Q3 24 | -1.5% | 4.0% | ||
| Q2 24 | 0.6% | 1.9% | ||
| Q1 24 | -1.3% | 5.3% |
| Q4 25 | $-1.63 | $0.01 | ||
| Q3 25 | $-0.86 | $0.03 | ||
| Q2 25 | $-0.64 | $0.03 | ||
| Q1 25 | $-0.07 | $0.04 | ||
| Q4 24 | $-0.38 | $0.01 | ||
| Q3 24 | $-0.29 | $0.03 | ||
| Q2 24 | $0.08 | $0.01 | ||
| Q1 24 | $-0.04 | $0.03 |
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 | $18.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $49.6M |
| Total Assets | $69.5M | $84.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $18.1M | ||
| Q3 25 | $1.9M | $9.4M | ||
| Q2 25 | $2.5M | $12.0M | ||
| Q1 25 | $1.2M | $7.2M | ||
| Q4 24 | $4.6M | $9.3M | ||
| Q3 24 | $3.0M | $7.4M | ||
| Q2 24 | $1.3M | $13.0M | ||
| Q1 24 | $3.3M | $11.0M |
| Q4 25 | $17.3M | $49.6M | ||
| Q3 25 | $19.7M | $29.6M | ||
| Q2 25 | $21.3M | $26.4M | ||
| Q1 25 | $21.8M | $24.9M | ||
| Q4 24 | $22.3M | $23.0M | ||
| Q3 24 | $23.5M | $22.3M | ||
| Q2 24 | $23.8M | $20.3M | ||
| Q1 24 | $23.9M | $19.6M |
| Q4 25 | $69.5M | $84.0M | ||
| Q3 25 | $73.0M | $51.2M | ||
| Q2 25 | $71.7M | $52.7M | ||
| Q1 25 | $68.5M | $47.1M | ||
| Q4 24 | $75.5M | $47.9M | ||
| Q3 24 | $74.7M | $43.0M | ||
| Q2 24 | $69.9M | $47.2M | ||
| Q1 24 | $68.6M | $45.1M |
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 | $3.9M |
| Free Cash FlowOCF − Capex | $2.3M | $3.7M |
| FCF MarginFCF / Revenue | 7.5% | 7.8% |
| Capex IntensityCapex / Revenue | 0.2% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 7.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $6.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $3.9M | ||
| Q3 25 | $-1.9M | $-1.7M | ||
| Q2 25 | $7.6M | $6.0M | ||
| Q1 25 | $-7.4M | $-857.0K | ||
| Q4 24 | $617.4K | $4.8M | ||
| Q3 24 | $-915.0K | $-2.4M | ||
| Q2 24 | $862.1K | $3.6M | ||
| Q1 24 | $-8.0M | $6.7M |
| Q4 25 | $2.3M | $3.7M | ||
| Q3 25 | $-2.1M | $-2.2M | ||
| Q2 25 | $7.4M | $5.5M | ||
| Q1 25 | $-7.7M | $-930.0K | ||
| Q4 24 | $-214.1K | $2.5M | ||
| Q3 24 | $-1.1M | $-4.0M | ||
| Q2 24 | $281.5K | $2.5M | ||
| Q1 24 | $-8.6M | $6.6M |
| Q4 25 | 7.5% | 7.8% | ||
| Q3 25 | -5.9% | -6.2% | ||
| Q2 25 | 23.8% | 15.5% | ||
| Q1 25 | -23.3% | -2.8% | ||
| Q4 24 | -0.6% | 8.0% | ||
| Q3 24 | -3.0% | -14.1% | ||
| Q2 24 | 1.0% | 8.4% | ||
| Q1 24 | -28.0% | 24.8% |
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.7% | 1.5% | ||
| Q2 25 | 0.7% | 1.5% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 2.3% | 7.2% | ||
| Q3 24 | 0.5% | 5.6% | ||
| Q2 24 | 2.0% | 3.8% | ||
| Q1 24 | 2.0% | 0.4% |
| Q4 25 | — | 7.16× | ||
| Q3 25 | — | -1.31× | ||
| Q2 25 | — | 4.85× | ||
| Q1 25 | — | -0.54× | ||
| Q4 24 | — | 11.71× | ||
| Q3 24 | — | -2.10× | ||
| Q2 24 | 5.27× | 6.58× | ||
| Q1 24 | — | 4.79× |
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% |
MAMA
Segment breakdown not available.
