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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Orion Properties Inc. (ONL). Click either name above to swap in a different company.
Orion Properties Inc. is the larger business by last-quarter revenue ($36.3M vs $30.5M, roughly 1.2× FGI Industries Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -37.4%, a 28.8% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-4.6% vs -14.4%). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -4.9%).
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.
FGI vs ONL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $36.3M |
| Net Profit | $-2.6M | $-13.6M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | -9.3% |
| Net Margin | -8.6% | -37.4% |
| Revenue YoY | -14.4% | -4.6% |
| Net Profit YoY | -553.1% | -45.0% |
| EPS (diluted) | $-1.63 | $-0.24 |
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 | — | $36.3M | ||
| Q4 25 | $30.5M | $35.2M | ||
| Q3 25 | $35.8M | $37.1M | ||
| Q2 25 | $31.0M | $37.3M | ||
| Q1 25 | $33.2M | $38.0M | ||
| Q4 24 | $35.6M | $38.4M | ||
| Q3 24 | $36.1M | $39.2M | ||
| Q2 24 | $29.4M | $40.1M |
| Q1 26 | — | $-13.6M | ||
| Q4 25 | $-2.6M | $-35.8M | ||
| Q3 25 | $-1.7M | $-69.0M | ||
| Q2 25 | $-1.2M | $-25.1M | ||
| Q1 25 | $-629.1K | $-9.4M | ||
| Q4 24 | $-402.3K | $-32.8M | ||
| Q3 24 | $-550.1K | $-10.2M | ||
| Q2 24 | $163.6K | $-33.8M |
| 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 | — | -9.3% | ||
| Q4 25 | -2.2% | -101.5% | ||
| Q3 25 | 1.0% | -185.8% | ||
| Q2 25 | -2.7% | -67.1% | ||
| Q1 25 | -3.9% | -24.4% | ||
| Q4 24 | -3.5% | -85.4% | ||
| Q3 24 | -0.2% | -25.9% | ||
| Q2 24 | -1.5% | -84.1% |
| Q1 26 | — | -37.4% | ||
| Q4 25 | -8.6% | -101.7% | ||
| Q3 25 | -4.6% | -186.0% | ||
| Q2 25 | -4.0% | -67.3% | ||
| Q1 25 | -1.9% | -24.6% | ||
| Q4 24 | -1.1% | -85.4% | ||
| Q3 24 | -1.5% | -26.1% | ||
| Q2 24 | 0.6% | -84.2% |
| Q1 26 | — | $-0.24 | ||
| Q4 25 | $-1.63 | $-0.63 | ||
| Q3 25 | $-0.86 | $-1.23 | ||
| Q2 25 | $-0.64 | $-0.45 | ||
| Q1 25 | $-0.07 | $-0.17 | ||
| Q4 24 | $-0.38 | $-0.59 | ||
| Q3 24 | $-0.29 | $-0.18 | ||
| Q2 24 | $0.08 | $-0.60 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $608.5M |
| Total Assets | $69.5M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $10.3M | ||
| Q4 25 | $1.9M | $22.4M | ||
| Q3 25 | $1.9M | $32.6M | ||
| Q2 25 | $2.5M | $17.4M | ||
| Q1 25 | $1.2M | $9.4M | ||
| Q4 24 | $4.6M | $15.6M | ||
| Q3 24 | $3.0M | $16.6M | ||
| Q2 24 | $1.3M | $24.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $465.0M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $483.0M | ||
| Q1 25 | — | $505.0M | ||
| Q4 24 | — | $492.0M | ||
| Q3 24 | — | $485.0M | ||
| Q2 24 | — | $462.0M |
| Q1 26 | — | $608.5M | ||
| Q4 25 | $17.3M | $623.2M | ||
| Q3 25 | $19.7M | $658.8M | ||
| Q2 25 | $21.3M | $728.0M | ||
| Q1 25 | $21.8M | $753.5M | ||
| Q4 24 | $22.3M | $763.9M | ||
| Q3 24 | $23.5M | $800.9M | ||
| Q2 24 | $23.8M | $816.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $69.5M | $1.2B | ||
| Q3 25 | $73.0M | $1.2B | ||
| Q2 25 | $71.7M | $1.3B | ||
| Q1 25 | $68.5M | $1.3B | ||
| Q4 24 | $75.5M | $1.3B | ||
| Q3 24 | $74.7M | $1.4B | ||
| Q2 24 | $69.9M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.57× |
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% | 51.4% |
| 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 | $23.6M | ||
| Q3 25 | $-1.9M | $5.7M | ||
| Q2 25 | $7.6M | $11.6M | ||
| Q1 25 | $-7.4M | $-2.2M | ||
| Q4 24 | $617.4K | $54.3M | ||
| Q3 24 | $-915.0K | $13.8M | ||
| Q2 24 | $862.1K | $17.0M |
| 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 | — | 51.4% | ||
| 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 | — | — | ||
| 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% |
ONL
| Rental | $36.1M | 100% |
| Fee income from unconsolidated joint venture | $137.0K | 0% |
