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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and NETSOL TECHNOLOGIES INC (NTWK). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $18.8M, roughly 1.6× NETSOL TECHNOLOGIES INC). NETSOL TECHNOLOGIES INC runs the higher net margin — 1.3% vs -8.6%, a 9.9% gap on every dollar of revenue. On growth, NETSOL TECHNOLOGIES INC posted the faster year-over-year revenue change (21.1% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-5.1M). Over the past eight quarters, NETSOL TECHNOLOGIES INC's revenue compounded faster (10.3% 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.
NetSol Technologies Inc. is an American software company which makes automobile leasing software. It is based in Encino, California.
FGI vs NTWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $18.8M |
| Net Profit | $-2.6M | $246.8K |
| Gross Margin | 26.7% | 48.0% |
| Operating Margin | -2.2% | 6.9% |
| Net Margin | -8.6% | 1.3% |
| Revenue YoY | -14.4% | 21.1% |
| Net Profit YoY | -553.1% | 121.5% |
| EPS (diluted) | $-1.63 | $0.02 |
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 | $18.8M | ||
| Q3 25 | $35.8M | $15.0M | ||
| Q2 25 | $31.0M | $18.4M | ||
| Q1 25 | $33.2M | $17.5M | ||
| Q4 24 | $35.6M | $15.5M | ||
| Q3 24 | $36.1M | $14.6M | ||
| Q2 24 | $29.4M | $16.4M | ||
| Q1 24 | $30.8M | $15.5M |
| Q4 25 | $-2.6M | $246.8K | ||
| Q3 25 | $-1.7M | $-2.4M | ||
| Q2 25 | $-1.2M | $2.6M | ||
| Q1 25 | $-629.1K | $1.4M | ||
| Q4 24 | $-402.3K | $-1.1M | ||
| Q3 24 | $-550.1K | $70.8K | ||
| Q2 24 | $163.6K | $-82.9K | ||
| Q1 24 | $-412.2K | $327.5K |
| Q4 25 | 26.7% | 48.0% | ||
| Q3 25 | 26.5% | 39.4% | ||
| Q2 25 | 28.1% | 56.2% | ||
| Q1 25 | 26.8% | 49.8% | ||
| Q4 24 | 24.6% | 44.5% | ||
| Q3 24 | 25.8% | 45.0% | ||
| Q2 24 | 30.5% | 51.5% | ||
| Q1 24 | 27.4% | 48.3% |
| Q4 25 | -2.2% | 6.9% | ||
| Q3 25 | 1.0% | -12.2% | ||
| Q2 25 | -2.7% | 17.4% | ||
| Q1 25 | -3.9% | 8.9% | ||
| Q4 24 | -3.5% | -3.1% | ||
| Q3 24 | -0.2% | -5.2% | ||
| Q2 24 | -1.5% | 4.9% | ||
| Q1 24 | -1.0% | 8.5% |
| Q4 25 | -8.6% | 1.3% | ||
| Q3 25 | -4.6% | -15.7% | ||
| Q2 25 | -4.0% | 14.0% | ||
| Q1 25 | -1.9% | 8.1% | ||
| Q4 24 | -1.1% | -7.4% | ||
| Q3 24 | -1.5% | 0.5% | ||
| Q2 24 | 0.6% | -0.5% | ||
| Q1 24 | -1.3% | 2.1% |
| Q4 25 | $-1.63 | $0.02 | ||
| Q3 25 | $-0.86 | $-0.20 | ||
| Q2 25 | $-0.64 | $0.22 | ||
| Q1 25 | $-0.07 | $0.12 | ||
| Q4 24 | $-0.38 | $-0.10 | ||
| Q3 24 | $-0.29 | $0.01 | ||
| Q2 24 | $0.08 | $-0.01 | ||
| Q1 24 | $-0.04 | $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 | $18.1M |
| Total DebtLower is stronger | — | $337.0K |
| Stockholders' EquityBook value | $17.3M | $35.9M |
| Total Assets | $69.5M | $62.7M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $18.1M | ||
| Q3 25 | $1.9M | $22.7M | ||
| Q2 25 | $2.5M | $17.4M | ||
| Q1 25 | $1.2M | $18.8M | ||
| Q4 24 | $4.6M | $21.3M | ||
| Q3 24 | $3.0M | $24.5M | ||
| Q2 24 | $1.3M | $19.1M | ||
| Q1 24 | $3.3M | $12.3M |
| Q4 25 | — | $337.0K | ||
| Q3 25 | — | $218.2K | ||
| Q2 25 | — | $134.6K | ||
| Q1 25 | — | $86.8K | ||
| Q4 24 | — | $87.0K | ||
| Q3 24 | — | $92.6K | ||
| Q2 24 | — | $95.8K | ||
| Q1 24 | — | $130.4K |
| Q4 25 | $17.3M | $35.9M | ||
| Q3 25 | $19.7M | $35.8M | ||
| Q2 25 | $21.3M | $37.8M | ||
| Q1 25 | $21.8M | $35.5M | ||
| Q4 24 | $22.3M | $33.9M | ||
| Q3 24 | $23.5M | $34.7M | ||
| Q2 24 | $23.8M | $34.8M | ||
| Q1 24 | $23.9M | $35.3M |
| Q4 25 | $69.5M | $62.7M | ||
| Q3 25 | $73.0M | $62.6M | ||
| Q2 25 | $71.7M | $62.4M | ||
| Q1 25 | $68.5M | $58.1M | ||
| Q4 24 | $75.5M | $59.1M | ||
| Q3 24 | $74.7M | $62.8M | ||
| Q2 24 | $69.9M | $64.2M | ||
| Q1 24 | $68.6M | $63.3M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-4.7M |
| Free Cash FlowOCF − Capex | $2.3M | $-5.1M |
| FCF MarginFCF / Revenue | 7.5% | -27.2% |
| Capex IntensityCapex / Revenue | 0.2% | 2.0% |
| Cash ConversionOCF / Net Profit | — | -19.24× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-1.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-4.7M | ||
| Q3 25 | $-1.9M | $5.3M | ||
| Q2 25 | $7.6M | $441.0K | ||
| Q1 25 | $-7.4M | $-363.4K | ||
| Q4 24 | $617.4K | $-5.1M | ||
| Q3 24 | $-915.0K | $5.5M | ||
| Q2 24 | $862.1K | $6.5M | ||
| Q1 24 | $-8.0M | $-4.2M |
| Q4 25 | $2.3M | $-5.1M | ||
| Q3 25 | $-2.1M | $4.8M | ||
| Q2 25 | $7.4M | $-44.1K | ||
| Q1 25 | $-7.7M | $-693.0K | ||
| Q4 24 | $-214.1K | $-5.6M | ||
| Q3 24 | $-1.1M | $5.4M | ||
| Q2 24 | $281.5K | $6.1M | ||
| Q1 24 | $-8.6M | $-4.6M |
| Q4 25 | 7.5% | -27.2% | ||
| Q3 25 | -5.9% | 32.1% | ||
| Q2 25 | 23.8% | -0.2% | ||
| Q1 25 | -23.3% | -4.0% | ||
| Q4 24 | -0.6% | -36.1% | ||
| Q3 24 | -3.0% | 37.1% | ||
| Q2 24 | 1.0% | 37.0% | ||
| Q1 24 | -28.0% | -29.6% |
| Q4 25 | 0.2% | 2.0% | ||
| Q3 25 | 0.7% | 3.2% | ||
| Q2 25 | 0.7% | 2.6% | ||
| Q1 25 | 1.1% | 1.9% | ||
| Q4 24 | 2.3% | 3.0% | ||
| Q3 24 | 0.5% | 0.7% | ||
| Q2 24 | 2.0% | 2.6% | ||
| Q1 24 | 2.0% | 2.4% |
| Q4 25 | — | -19.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | -0.26× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 77.94× | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | -12.84× |
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% |
NTWK
| Core Revenue | $18.0M | 96% |
| Other | $816.8K | 4% |
