vs
Side-by-side financial comparison of FGI Industries Ltd. (FGI) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $30.5M, roughly 1.9× FGI Industries Ltd.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -8.6%, a 18.6% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -14.4%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% 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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
FGI vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $57.1M |
| Net Profit | $-2.6M | $5.7M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | 34.1% |
| Net Margin | -8.6% | 10.0% |
| Revenue YoY | -14.4% | 24.3% |
| Net Profit YoY | -553.1% | 235.9% |
| EPS (diluted) | $-1.63 | $0.32 |
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 | — | $57.1M | ||
| Q4 25 | $30.5M | $52.5M | ||
| Q3 25 | $35.8M | $48.3M | ||
| Q2 25 | $31.0M | $48.3M | ||
| Q1 25 | $33.2M | $45.9M | ||
| Q4 24 | $35.6M | $44.1M | ||
| Q3 24 | $36.1M | $41.4M | ||
| Q2 24 | $29.4M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $-2.6M | $1.3M | ||
| Q3 25 | $-1.7M | $618.0K | ||
| Q2 25 | $-1.2M | $3.3M | ||
| Q1 25 | $-629.1K | $1.7M | ||
| Q4 24 | $-402.3K | $-5.4M | ||
| Q3 24 | $-550.1K | $-5.3M | ||
| Q2 24 | $163.6K | $-2.3M |
| 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 | — | 34.1% | ||
| Q4 25 | -2.2% | 2.6% | ||
| Q3 25 | 1.0% | 1.3% | ||
| Q2 25 | -2.7% | 6.8% | ||
| Q1 25 | -3.9% | 3.7% | ||
| Q4 24 | -3.5% | -12.3% | ||
| Q3 24 | -0.2% | -12.8% | ||
| Q2 24 | -1.5% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -8.6% | 2.5% | ||
| Q3 25 | -4.6% | 1.3% | ||
| Q2 25 | -4.0% | 6.8% | ||
| Q1 25 | -1.9% | 3.7% | ||
| Q4 24 | -1.1% | -12.3% | ||
| Q3 24 | -1.5% | -12.8% | ||
| Q2 24 | 0.6% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-1.63 | $0.01 | ||
| Q3 25 | $-0.86 | $0.01 | ||
| Q2 25 | $-0.64 | $0.04 | ||
| Q1 25 | $-0.07 | $0.02 | ||
| Q4 24 | $-0.38 | $-0.07 | ||
| Q3 24 | $-0.29 | $-0.07 | ||
| Q2 24 | $0.08 | $-0.03 |
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 | $1.5B |
| Total Assets | $69.5M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $1.2M | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $1.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $17.3M | $1.4B | ||
| Q3 25 | $19.7M | $1.3B | ||
| Q2 25 | $21.3M | $1.3B | ||
| Q1 25 | $21.8M | $1.3B | ||
| Q4 24 | $22.3M | $1.3B | ||
| Q3 24 | $23.5M | $1.3B | ||
| Q2 24 | $23.8M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $69.5M | $2.6B | ||
| Q3 25 | $73.0M | $2.5B | ||
| Q2 25 | $71.7M | $2.3B | ||
| Q1 25 | $68.5M | $2.3B | ||
| Q4 24 | $75.5M | $2.3B | ||
| Q3 24 | $74.7M | $2.2B | ||
| Q2 24 | $69.9M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | $109.5M | ||
| Q3 25 | $-1.9M | $28.0M | ||
| Q2 25 | $7.6M | $30.6M | ||
| Q1 25 | $-7.4M | $22.1M | ||
| Q4 24 | $617.4K | $90.2M | ||
| Q3 24 | $-915.0K | $25.1M | ||
| Q2 24 | $862.1K | $25.4M |
| 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 | — | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | — | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| 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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
