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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Massimo Group (MAMO). Click either name above to swap in a different company.

FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $21.0M, roughly 1.4× Massimo Group). Massimo Group runs the higher net margin — 9.5% vs -8.6%, a 18.1% gap on every dollar of revenue. On growth, Massimo Group posted the faster year-over-year revenue change (15.7% vs -14.4%). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -16.5%).

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.

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

FGI vs MAMO — Head-to-Head

Bigger by revenue
FGI
FGI
1.4× larger
FGI
$30.5M
$21.0M
MAMO
Growing faster (revenue YoY)
MAMO
MAMO
+30.1% gap
MAMO
15.7%
-14.4%
FGI
Higher net margin
MAMO
MAMO
18.1% more per $
MAMO
9.5%
-8.6%
FGI
Faster 2-yr revenue CAGR
FGI
FGI
Annualised
FGI
-0.5%
-16.5%
MAMO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FGI
FGI
MAMO
MAMO
Revenue
$30.5M
$21.0M
Net Profit
$-2.6M
$2.0M
Gross Margin
26.7%
41.5%
Operating Margin
-2.2%
13.1%
Net Margin
-8.6%
9.5%
Revenue YoY
-14.4%
15.7%
Net Profit YoY
-553.1%
215.0%
EPS (diluted)
$-1.63
$0.05

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
MAMO
MAMO
Q4 25
$30.5M
$21.0M
Q3 25
$35.8M
$17.0M
Q2 25
$31.0M
$18.9M
Q1 25
$33.2M
$14.9M
Q4 24
$35.6M
$18.2M
Q3 24
$36.1M
$25.6M
Q2 24
$29.4M
$35.4M
Q1 24
$30.8M
$30.2M
Net Profit
FGI
FGI
MAMO
MAMO
Q4 25
$-2.6M
$2.0M
Q3 25
$-1.7M
$1.5M
Q2 25
$-1.2M
$77.7K
Q1 25
$-629.1K
$-2.1M
Q4 24
$-402.3K
$-1.7M
Q3 24
$-550.1K
$-2.5M
Q2 24
$163.6K
$2.8M
Q1 24
$-412.2K
$3.2M
Gross Margin
FGI
FGI
MAMO
MAMO
Q4 25
26.7%
41.5%
Q3 25
26.5%
42.0%
Q2 25
28.1%
36.3%
Q1 25
26.8%
28.4%
Q4 24
24.6%
19.6%
Q3 24
25.8%
27.2%
Q2 24
30.5%
32.5%
Q1 24
27.4%
34.7%
Operating Margin
FGI
FGI
MAMO
MAMO
Q4 25
-2.2%
13.1%
Q3 25
1.0%
10.5%
Q2 25
-2.7%
0.8%
Q1 25
-3.9%
-18.2%
Q4 24
-3.5%
-15.4%
Q3 24
-0.2%
1.2%
Q2 24
-1.5%
10.1%
Q1 24
-1.0%
13.2%
Net Margin
FGI
FGI
MAMO
MAMO
Q4 25
-8.6%
9.5%
Q3 25
-4.6%
9.0%
Q2 25
-4.0%
0.4%
Q1 25
-1.9%
-14.0%
Q4 24
-1.1%
-9.5%
Q3 24
-1.5%
-9.8%
Q2 24
0.6%
8.0%
Q1 24
-1.3%
10.6%
EPS (diluted)
FGI
FGI
MAMO
MAMO
Q4 25
$-1.63
$0.05
Q3 25
$-0.86
$0.04
Q2 25
$-0.64
$0.00
Q1 25
$-0.07
$-0.05
Q4 24
$-0.38
$-0.05
Q3 24
$-0.29
$-0.06
Q2 24
$0.08
$0.07
Q1 24
$-0.04
$0.08

Balance Sheet & Financial Strength

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

Metric
FGI
FGI
MAMO
MAMO
Cash + ST InvestmentsLiquidity on hand
$1.9M
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.3M
$23.7M
Total Assets
$69.5M
$51.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FGI
FGI
MAMO
MAMO
Q4 25
$1.9M
$5.8M
Q3 25
$1.9M
$2.6M
Q2 25
$2.5M
Q1 25
$1.2M
$3.0M
Q4 24
$4.6M
$10.2M
Q3 24
$3.0M
Q2 24
$1.3M
Q1 24
$3.3M
Stockholders' Equity
FGI
FGI
MAMO
MAMO
Q4 25
$17.3M
$23.7M
Q3 25
$19.7M
$21.7M
Q2 25
$21.3M
$20.2M
Q1 25
$21.8M
$19.9M
Q4 24
$22.3M
$21.7M
Q3 24
$23.5M
$22.5M
Q2 24
$23.8M
$24.7M
Q1 24
$23.9M
$18.1M
Total Assets
FGI
FGI
MAMO
MAMO
Q4 25
$69.5M
$51.4M
Q3 25
$73.0M
$44.4M
Q2 25
$71.7M
$45.9M
Q1 25
$68.5M
$46.4M
Q4 24
$75.5M
$54.9M
Q3 24
$74.7M
$57.1M
Q2 24
$69.9M
$49.9M
Q1 24
$68.6M
$47.3M

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
MAMO
MAMO
Operating Cash FlowLast quarter
$2.3M
$4.0M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FGI
FGI
MAMO
MAMO
Q4 25
$2.3M
$4.0M
Q3 25
$-1.9M
$633.2K
Q2 25
$7.6M
$-1.4M
Q1 25
$-7.4M
$-3.3M
Q4 24
$617.4K
$9.1M
Q3 24
$-915.0K
$4.7M
Q2 24
$862.1K
$-6.5M
Q1 24
$-8.0M
$-637.0K
Free Cash Flow
FGI
FGI
MAMO
MAMO
Q4 25
$2.3M
Q3 25
$-2.1M
Q2 25
$7.4M
Q1 25
$-7.7M
Q4 24
$-214.1K
$9.0M
Q3 24
$-1.1M
$4.6M
Q2 24
$281.5K
$-6.7M
Q1 24
$-8.6M
$-741.4K
FCF Margin
FGI
FGI
MAMO
MAMO
Q4 25
7.5%
Q3 25
-5.9%
Q2 25
23.8%
Q1 25
-23.3%
Q4 24
-0.6%
49.7%
Q3 24
-3.0%
18.1%
Q2 24
1.0%
-19.0%
Q1 24
-28.0%
-2.5%
Capex Intensity
FGI
FGI
MAMO
MAMO
Q4 25
0.2%
Q3 25
0.7%
Q2 25
0.7%
Q1 25
1.1%
Q4 24
2.3%
0.2%
Q3 24
0.5%
0.3%
Q2 24
2.0%
0.7%
Q1 24
2.0%
0.3%
Cash Conversion
FGI
FGI
MAMO
MAMO
Q4 25
2.01×
Q3 25
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
Q3 24
Q2 24
5.27×
-2.30×
Q1 24
-0.20×

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%

MAMO
MAMO

Segment breakdown not available.

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