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

Nebius Group N.V. is the larger business by last-quarter revenue ($32.1M vs $30.5M, roughly 1.1× FGI Industries Ltd.). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-586.8M).

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.

Nebius Group N.V., headquartered in Amsterdam, is a technology company that provides artificial intelligence infrastructure. The company also owns Avride and TripleTen, as well as stakes in Toloka and Clickhouse. It is headquartered in Amsterdam with offices in Israel and the United States.

FGI vs NBIS — Head-to-Head

Bigger by revenue
NBIS
NBIS
1.1× larger
NBIS
$32.1M
$30.5M
FGI
More free cash flow
FGI
FGI
$589.1M more FCF
FGI
$2.3M
$-586.8M
NBIS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FGI
FGI
NBIS
NBIS
Revenue
$30.5M
$32.1M
Net Profit
$-2.6M
Gross Margin
26.7%
Operating Margin
-2.2%
-251.1%
Net Margin
-8.6%
Revenue YoY
-14.4%
Net Profit YoY
-553.1%
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.

Revenue
FGI
FGI
NBIS
NBIS
Q4 25
$30.5M
Q3 25
$35.8M
$32.1M
Q2 25
$31.0M
$24.2M
Q1 25
$33.2M
Q4 24
$35.6M
Q3 24
$36.1M
$79.6M
Q2 24
$29.4M
$36.3M
Q1 24
$30.8M
Net Profit
FGI
FGI
NBIS
NBIS
Q4 25
$-2.6M
Q3 25
$-1.7M
Q2 25
$-1.2M
$-185.4M
Q1 25
$-629.1K
Q4 24
$-402.3K
Q3 24
$-550.1K
$-258.2M
Q2 24
$163.6K
$-118.3M
Q1 24
$-412.2K
Gross Margin
FGI
FGI
NBIS
NBIS
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%
Operating Margin
FGI
FGI
NBIS
NBIS
Q4 25
-2.2%
Q3 25
1.0%
-251.1%
Q2 25
-2.7%
-754.1%
Q1 25
-3.9%
Q4 24
-3.5%
Q3 24
-0.2%
-366.1%
Q2 24
-1.5%
-563.1%
Q1 24
-1.0%
Net Margin
FGI
FGI
NBIS
NBIS
Q4 25
-8.6%
Q3 25
-4.6%
Q2 25
-4.0%
-766.1%
Q1 25
-1.9%
Q4 24
-1.1%
Q3 24
-1.5%
-324.4%
Q2 24
0.6%
-325.9%
Q1 24
-1.3%
EPS (diluted)
FGI
FGI
NBIS
NBIS
Q4 25
$-1.63
Q3 25
$-0.86
Q2 25
$-0.64
Q1 25
$-0.07
Q4 24
$-0.38
Q3 24
$-0.29
Q2 24
$0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
FGI
FGI
NBIS
NBIS
Cash + ST InvestmentsLiquidity on hand
$1.9M
$4.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$17.3M
$4.8B
Total Assets
$69.5M
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FGI
FGI
NBIS
NBIS
Q4 25
$1.9M
Q3 25
$1.9M
$4.8B
Q2 25
$2.5M
$1.7B
Q1 25
$1.2M
Q4 24
$4.6M
Q3 24
$3.0M
$2.3B
Q2 24
$1.3M
$2.3B
Q1 24
$3.3M
Stockholders' Equity
FGI
FGI
NBIS
NBIS
Q4 25
$17.3M
Q3 25
$19.7M
$4.8B
Q2 25
$21.3M
$3.8B
Q1 25
$21.8M
Q4 24
$22.3M
Q3 24
$23.5M
$2.9B
Q2 24
$23.8M
$4.3B
Q1 24
$23.9M
Total Assets
FGI
FGI
NBIS
NBIS
Q4 25
$69.5M
Q3 25
$73.0M
$10.1B
Q2 25
$71.7M
$5.1B
Q1 25
$68.5M
Q4 24
$75.5M
Q3 24
$74.7M
$3.0B
Q2 24
$69.9M
$4.4B
Q1 24
$68.6M

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
NBIS
NBIS
Operating Cash FlowLast quarter
$2.3M
$-196.8M
Free Cash FlowOCF − Capex
$2.3M
$-586.8M
FCF MarginFCF / Revenue
7.5%
-1828.0%
Capex IntensityCapex / Revenue
0.2%
1215.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FGI
FGI
NBIS
NBIS
Q4 25
$2.3M
Q3 25
$-1.9M
$-196.8M
Q2 25
$7.6M
$-162.0M
Q1 25
$-7.4M
Q4 24
$617.4K
Q3 24
$-915.0K
Q2 24
$862.1K
Q1 24
$-8.0M
Free Cash Flow
FGI
FGI
NBIS
NBIS
Q4 25
$2.3M
Q3 25
$-2.1M
$-586.8M
Q2 25
$7.4M
$-379.9M
Q1 25
$-7.7M
Q4 24
$-214.1K
Q3 24
$-1.1M
Q2 24
$281.5K
Q1 24
$-8.6M
FCF Margin
FGI
FGI
NBIS
NBIS
Q4 25
7.5%
Q3 25
-5.9%
-1828.0%
Q2 25
23.8%
-1569.8%
Q1 25
-23.3%
Q4 24
-0.6%
Q3 24
-3.0%
Q2 24
1.0%
Q1 24
-28.0%
Capex Intensity
FGI
FGI
NBIS
NBIS
Q4 25
0.2%
Q3 25
0.7%
1215.0%
Q2 25
0.7%
900.4%
Q1 25
1.1%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
2.0%
Q1 24
2.0%
Cash Conversion
FGI
FGI
NBIS
NBIS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.27×
Q1 24

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%

NBIS
NBIS

Nebius$27.1M84%
TripleTen$6.3M20%
Avride$100.0K0%

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