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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($48.6M vs $30.5M, roughly 1.6× FGI Industries Ltd.). Ouster, Inc. runs the higher net margin — 8.2% vs -8.6%, a 16.8% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs -14.4%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
FGI vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $48.6M |
| Net Profit | $-2.6M | $4.0M |
| Gross Margin | 26.7% | 42.9% |
| Operating Margin | -2.2% | 17.6% |
| Net Margin | -8.6% | 8.2% |
| Revenue YoY | -14.4% | 48.9% |
| Net Profit YoY | -553.1% | — |
| EPS (diluted) | $-1.63 | $0.06 |
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 | — | $48.6M | ||
| Q4 25 | $30.5M | $62.2M | ||
| Q3 25 | $35.8M | $39.5M | ||
| Q2 25 | $31.0M | $35.0M | ||
| Q1 25 | $33.2M | $32.6M | ||
| Q4 24 | $35.6M | $30.1M | ||
| Q3 24 | $36.1M | $28.1M | ||
| Q2 24 | $29.4M | $27.0M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $-21.7M | ||
| Q2 25 | $-1.2M | $-20.6M | ||
| Q1 25 | $-629.1K | $-22.0M | ||
| Q4 24 | $-402.3K | — | ||
| Q3 24 | $-550.1K | $-25.6M | ||
| Q2 24 | $163.6K | $-23.9M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | 26.7% | 60.2% | ||
| Q3 25 | 26.5% | 42.1% | ||
| Q2 25 | 28.1% | 45.2% | ||
| Q1 25 | 26.8% | 41.3% | ||
| Q4 24 | 24.6% | 43.8% | ||
| Q3 24 | 25.8% | 38.3% | ||
| Q2 24 | 30.5% | 33.7% |
| Q1 26 | — | 17.6% | ||
| Q4 25 | -2.2% | 1.5% | ||
| Q3 25 | 1.0% | -61.4% | ||
| Q2 25 | -2.7% | -76.5% | ||
| Q1 25 | -3.9% | -73.0% | ||
| Q4 24 | -3.5% | -85.1% | ||
| Q3 24 | -0.2% | -98.0% | ||
| Q2 24 | -1.5% | -93.6% |
| Q1 26 | — | 8.2% | ||
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | -55.0% | ||
| Q2 25 | -4.0% | -58.8% | ||
| Q1 25 | -1.9% | -67.5% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -1.5% | -91.1% | ||
| Q2 24 | 0.6% | -88.4% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | $-1.63 | $0.10 | ||
| Q3 25 | $-0.86 | $-0.37 | ||
| Q2 25 | $-0.64 | $-0.38 | ||
| Q1 25 | $-0.07 | $-0.42 | ||
| Q4 24 | $-0.38 | $-0.46 | ||
| Q3 24 | $-0.29 | $-0.54 | ||
| Q2 24 | $0.08 | $-0.53 |
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 | $173.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $275.6M |
| Total Assets | $69.5M | $381.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $1.9M | $208.6M | ||
| Q3 25 | $1.9M | $244.5M | ||
| Q2 25 | $2.5M | $226.5M | ||
| Q1 25 | $1.2M | $168.2M | ||
| Q4 24 | $4.6M | $172.0M | ||
| Q3 24 | $3.0M | $151.4M | ||
| Q2 24 | $1.3M | $184.2M |
| Q1 26 | — | $275.6M | ||
| Q4 25 | $17.3M | $261.7M | ||
| Q3 25 | $19.7M | $247.4M | ||
| Q2 25 | $21.3M | $221.0M | ||
| Q1 25 | $21.8M | $167.9M | ||
| Q4 24 | $22.3M | $180.9M | ||
| Q3 24 | $23.5M | $171.7M | ||
| Q2 24 | $23.8M | $170.6M |
| Q1 26 | — | $381.5M | ||
| Q4 25 | $69.5M | $349.5M | ||
| Q3 25 | $73.0M | $353.8M | ||
| Q2 25 | $71.7M | $321.8M | ||
| Q1 25 | $68.5M | $268.6M | ||
| Q4 24 | $75.5M | $276.1M | ||
| Q3 24 | $74.7M | $255.2M | ||
| Q2 24 | $69.9M | $309.9M |
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 | $-15.4M | ||
| Q3 25 | $-1.9M | $-18.3M | ||
| Q2 25 | $7.6M | $-1.3M | ||
| Q1 25 | $-7.4M | $-4.9M | ||
| Q4 24 | $617.4K | $-2.6M | ||
| Q3 24 | $-915.0K | $-3.8M | ||
| Q2 24 | $862.1K | $-21.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $-37.2M | ||
| Q3 25 | $-2.1M | $-20.0M | ||
| Q2 25 | $7.4M | $-2.2M | ||
| Q1 25 | $-7.7M | $-5.4M | ||
| Q4 24 | $-214.1K | $-4.0M | ||
| Q3 24 | $-1.1M | $-4.3M | ||
| Q2 24 | $281.5K | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | -59.8% | ||
| Q3 25 | -5.9% | -50.7% | ||
| Q2 25 | 23.8% | -6.3% | ||
| Q1 25 | -23.3% | -16.6% | ||
| Q4 24 | -0.6% | -13.3% | ||
| Q3 24 | -3.0% | -15.4% | ||
| Q2 24 | 1.0% | -81.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 35.0% | ||
| Q3 25 | 0.7% | 4.3% | ||
| Q2 25 | 0.7% | 2.5% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 2.3% | 4.8% | ||
| Q3 24 | 0.5% | 2.0% | ||
| Q2 24 | 2.0% | 1.3% |
| 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% |
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
