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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $23.6M, roughly 1.3× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). FGI Industries Ltd. runs the higher net margin — -8.6% vs -677.3%, a 668.7% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs -14.4%). Over the past eight quarters, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue compounded faster (8.9% 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.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
FGI vs NEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $23.6M |
| Net Profit | $-2.6M | $-1.4M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | 14.0% |
| Net Margin | -8.6% | -677.3% |
| Revenue YoY | -14.4% | 15.7% |
| Net Profit YoY | -553.1% | -133.0% |
| 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 | $23.6M | ||
| Q3 25 | $35.8M | $23.7M | ||
| Q2 25 | $31.0M | $21.2M | ||
| Q1 25 | $33.2M | $20.7M | ||
| Q4 24 | $35.6M | $20.4M | ||
| Q3 24 | $36.1M | $20.2M | ||
| Q2 24 | $29.4M | $20.1M | ||
| Q1 24 | $30.8M | $19.9M |
| Q4 25 | $-2.6M | $-1.4M | ||
| Q3 25 | $-1.7M | $-521.8K | ||
| Q2 25 | $-1.2M | $4.1M | ||
| Q1 25 | $-629.1K | $3.8M | ||
| Q4 24 | $-402.3K | $4.2M | ||
| Q3 24 | $-550.1K | $3.9M | ||
| Q2 24 | $163.6K | $4.1M | ||
| Q1 24 | $-412.2K | $3.5M |
| 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% | 14.0% | ||
| Q3 25 | 1.0% | 20.0% | ||
| Q2 25 | -2.7% | 33.3% | ||
| Q1 25 | -3.9% | 30.1% | ||
| Q4 24 | -3.5% | 32.4% | ||
| Q3 24 | -0.2% | 32.0% | ||
| Q2 24 | -1.5% | 32.6% | ||
| Q1 24 | -1.0% | 28.9% |
| Q4 25 | -8.6% | -677.3% | ||
| Q3 25 | -4.6% | -2.2% | ||
| Q2 25 | -4.0% | 19.5% | ||
| Q1 25 | -1.9% | 18.3% | ||
| Q4 24 | -1.1% | 20.7% | ||
| Q3 24 | -1.5% | 19.3% | ||
| Q2 24 | 0.6% | 20.3% | ||
| Q1 24 | -1.3% | 17.4% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $26.7M |
| Total DebtLower is stronger | — | $531.0M |
| Stockholders' EquityBook value | $17.3M | — |
| Total Assets | $69.5M | $505.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $26.7M | ||
| Q3 25 | $1.9M | $13.4M | ||
| Q2 25 | $2.5M | $16.7M | ||
| Q1 25 | $1.2M | $30.9M | ||
| Q4 24 | $4.6M | $17.6M | ||
| Q3 24 | $3.0M | $15.1M | ||
| Q2 24 | $1.3M | $13.5M | ||
| Q1 24 | $3.3M | $28.8M |
| Q4 25 | — | $531.0M | ||
| Q3 25 | — | $514.2M | ||
| Q2 25 | — | $514.3M | ||
| Q1 25 | — | $407.8M | ||
| Q4 24 | — | $408.6M | ||
| Q3 24 | — | $409.3M | ||
| Q2 24 | — | $410.0M | ||
| Q1 24 | — | $410.7M |
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | — | ||
| Q2 25 | $21.3M | — | ||
| Q1 25 | $21.8M | — | ||
| Q4 24 | $22.3M | — | ||
| Q3 24 | $23.5M | — | ||
| Q2 24 | $23.8M | — | ||
| Q1 24 | $23.9M | — |
| Q4 25 | $69.5M | $505.3M | ||
| Q3 25 | $73.0M | $492.9M | ||
| Q2 25 | $71.7M | $494.8M | ||
| Q1 25 | $68.5M | $385.2M | ||
| Q4 24 | $75.5M | $393.5M | ||
| Q3 24 | $74.7M | $387.4M | ||
| Q2 24 | $69.9M | $383.7M | ||
| Q1 24 | $68.6M | $381.2M |
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 | $27.7M |
| Free Cash FlowOCF − Capex | $2.3M | — |
| FCF MarginFCF / Revenue | 7.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $27.7M | ||
| Q3 25 | $-1.9M | $2.3M | ||
| Q2 25 | $7.6M | $12.5M | ||
| Q1 25 | $-7.4M | $5.5M | ||
| Q4 24 | $617.4K | $31.9M | ||
| Q3 24 | $-915.0K | $8.5M | ||
| Q2 24 | $862.1K | $5.4M | ||
| Q1 24 | $-8.0M | $6.1M |
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $7.4M | — | ||
| Q1 25 | $-7.7M | — | ||
| Q4 24 | $-214.1K | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $281.5K | — | ||
| Q1 24 | $-8.6M | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | -5.9% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -28.0% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.02× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 7.57× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | 5.27× | 1.32× | ||
| Q1 24 | — | 1.77× |
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% |
NEN
Segment breakdown not available.
