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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $30.5M, roughly 1.2× FGI Industries Ltd.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -8.6%, a 8.8% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -14.4%).
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.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
FGI vs NP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $37.8M |
| Net Profit | $-2.6M | $50.0K |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 0.1% |
| Revenue YoY | -14.4% | 28.8% |
| Net Profit YoY | -553.1% | 0.0% |
| 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.
| Q1 26 | — | $37.8M | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $35.8M | $44.4M | ||
| Q2 25 | $31.0M | — | ||
| Q1 25 | $33.2M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $36.1M | $33.8M | ||
| Q2 24 | $29.4M | — |
| Q1 26 | — | $50.0K | ||
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $11.5M | ||
| Q2 25 | $-1.2M | — | ||
| Q1 25 | $-629.1K | — | ||
| Q4 24 | $-402.3K | — | ||
| Q3 24 | $-550.1K | $12.1M | ||
| Q2 24 | $163.6K | — |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -2.2% | — | ||
| Q3 25 | 1.0% | 46.7% | ||
| Q2 25 | -2.7% | — | ||
| Q1 25 | -3.9% | — | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -0.2% | 58.6% | ||
| Q2 24 | -1.5% | — |
| Q1 26 | — | 0.1% | ||
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | 25.9% | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | -1.9% | — | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -1.5% | 35.8% | ||
| Q2 24 | 0.6% | — |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.86 | $0.06 | ||
| Q2 25 | $-0.64 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $-0.29 | $0.06 | ||
| Q2 24 | $0.08 | — |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | — |
| Total Assets | $69.5M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | — | ||
| Q3 25 | $1.9M | $12.2M | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $1.2M | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $1.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $247.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | $-509.5M | ||
| Q2 25 | $21.3M | — | ||
| Q1 25 | $21.8M | — | ||
| Q4 24 | $22.3M | — | ||
| Q3 24 | $23.5M | $-374.3M | ||
| Q2 24 | $23.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | $69.5M | — | ||
| Q3 25 | $73.0M | $89.6M | ||
| Q2 25 | $71.7M | — | ||
| Q1 25 | $68.5M | — | ||
| Q4 24 | $75.5M | — | ||
| Q3 24 | $74.7M | — | ||
| Q2 24 | $69.9M | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-1.9M | $38.9M | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | $-7.4M | — | ||
| Q4 24 | $617.4K | — | ||
| Q3 24 | $-915.0K | — | ||
| Q2 24 | $862.1K | — |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.38× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.27× | — |
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% |
NP
Segment breakdown not available.
