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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.
WM TECHNOLOGY, INC. is the larger business by last-quarter revenue ($43.1M vs $30.5M, roughly 1.4× FGI Industries Ltd.). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -8.6%, a 0.3% gap on every dollar of revenue. On growth, WM TECHNOLOGY, INC. posted the faster year-over-year revenue change (-9.7% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-280.0K). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -1.5%).
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.
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
FGI vs MAPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $43.1M |
| Net Profit | $-2.6M | $-3.6M |
| Gross Margin | 26.7% | 94.9% |
| Operating Margin | -2.2% | -13.5% |
| Net Margin | -8.6% | -8.3% |
| Revenue YoY | -14.4% | -9.7% |
| Net Profit YoY | -553.1% | -251.9% |
| EPS (diluted) | $-1.63 | — |
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 | $43.1M | ||
| Q3 25 | $35.8M | $42.2M | ||
| Q2 25 | $31.0M | $44.8M | ||
| Q1 25 | $33.2M | $44.6M | ||
| Q4 24 | $35.6M | $47.7M | ||
| Q3 24 | $36.1M | $46.6M | ||
| Q2 24 | $29.4M | $45.9M | ||
| Q1 24 | $30.8M | $44.4M |
| Q4 25 | $-2.6M | $-3.6M | ||
| Q3 25 | $-1.7M | $2.5M | ||
| Q2 25 | $-1.2M | $1.4M | ||
| Q1 25 | $-629.1K | $1.6M | ||
| Q4 24 | $-402.3K | $2.4M | ||
| Q3 24 | $-550.1K | $3.3M | ||
| Q2 24 | $163.6K | $716.0K | ||
| Q1 24 | $-412.2K | $1.2M |
| Q4 25 | 26.7% | 94.9% | ||
| Q3 25 | 26.5% | 95.0% | ||
| Q2 25 | 28.1% | 94.9% | ||
| Q1 25 | 26.8% | 95.0% | ||
| Q4 24 | 24.6% | 95.2% | ||
| Q3 24 | 25.8% | 95.3% | ||
| Q2 24 | 30.5% | 95.1% | ||
| Q1 24 | 27.4% | 94.8% |
| Q4 25 | -2.2% | -13.5% | ||
| Q3 25 | 1.0% | 4.6% | ||
| Q2 25 | -2.7% | 4.4% | ||
| Q1 25 | -3.9% | 5.9% | ||
| Q4 24 | -3.5% | 9.6% | ||
| Q3 24 | -0.2% | 11.2% | ||
| Q2 24 | -1.5% | 2.7% | ||
| Q1 24 | -1.0% | 8.5% |
| Q4 25 | -8.6% | -8.3% | ||
| Q3 25 | -4.6% | 5.8% | ||
| Q2 25 | -4.0% | 3.2% | ||
| Q1 25 | -1.9% | 3.7% | ||
| Q4 24 | -1.1% | 4.9% | ||
| Q3 24 | -1.5% | 7.2% | ||
| Q2 24 | 0.6% | 1.6% | ||
| Q1 24 | -1.3% | 2.8% |
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.86 | — | ||
| Q2 25 | $-0.64 | — | ||
| Q1 25 | $-0.07 | $0.02 | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $-0.04 | $0.01 |
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 | $62.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $57.2M |
| Total Assets | $69.5M | $190.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $62.4M | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $1.2M | — | ||
| Q4 24 | $4.6M | $52.0M | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $3.3M | — |
| Q4 25 | $17.3M | $57.2M | ||
| Q3 25 | $19.7M | $56.9M | ||
| Q2 25 | $21.3M | $52.7M | ||
| Q1 25 | $21.8M | $48.5M | ||
| Q4 24 | $22.3M | $36.1M | ||
| Q3 24 | $23.5M | $29.5M | ||
| Q2 24 | $23.8M | $24.5M | ||
| Q1 24 | $23.9M | $20.8M |
| Q4 25 | $69.5M | $190.7M | ||
| Q3 25 | $73.0M | $192.9M | ||
| Q2 25 | $71.7M | $188.1M | ||
| Q1 25 | $68.5M | $183.8M | ||
| Q4 24 | $75.5M | $181.9M | ||
| Q3 24 | $74.7M | $173.6M | ||
| Q2 24 | $69.9M | $168.0M | ||
| Q1 24 | $68.6M | $165.8M |
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 | $3.0M |
| Free Cash FlowOCF − Capex | $2.3M | $-280.0K |
| FCF MarginFCF / Revenue | 7.5% | -0.7% |
| Capex IntensityCapex / Revenue | 0.2% | 7.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $3.0M | ||
| Q3 25 | $-1.9M | $6.4M | ||
| Q2 25 | $7.6M | $11.1M | ||
| Q1 25 | $-7.4M | $5.7M | ||
| Q4 24 | $617.4K | $9.4M | ||
| Q3 24 | $-915.0K | $7.2M | ||
| Q2 24 | $862.1K | $12.7M | ||
| Q1 24 | $-8.0M | $7.4M |
| Q4 25 | $2.3M | $-280.0K | ||
| Q3 25 | $-2.1M | $3.6M | ||
| Q2 25 | $7.4M | $8.2M | ||
| Q1 25 | $-7.7M | $2.0M | ||
| Q4 24 | $-214.1K | $7.3M | ||
| Q3 24 | $-1.1M | $4.9M | ||
| Q2 24 | $281.5K | $10.1M | ||
| Q1 24 | $-8.6M | $2.9M |
| Q4 25 | 7.5% | -0.7% | ||
| Q3 25 | -5.9% | 8.4% | ||
| Q2 25 | 23.8% | 18.3% | ||
| Q1 25 | -23.3% | 4.5% | ||
| Q4 24 | -0.6% | 15.2% | ||
| Q3 24 | -3.0% | 10.4% | ||
| Q2 24 | 1.0% | 21.9% | ||
| Q1 24 | -28.0% | 6.4% |
| Q4 25 | 0.2% | 7.7% | ||
| Q3 25 | 0.7% | 6.8% | ||
| Q2 25 | 0.7% | 6.3% | ||
| Q1 25 | 1.1% | 8.2% | ||
| Q4 24 | 2.3% | 4.5% | ||
| Q3 24 | 0.5% | 5.1% | ||
| Q2 24 | 2.0% | 5.7% | ||
| Q1 24 | 2.0% | 10.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.61× | ||
| Q2 25 | — | 7.75× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | 5.27× | 17.67× | ||
| Q1 24 | — | 5.97× |
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% |
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
