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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $30.5M, roughly 1.3× FGI Industries Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -26.0%, a 17.3% gap on every dollar of revenue. On growth, FGI Industries Ltd. posted the faster year-over-year revenue change (-14.4% vs -23.3%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-9.2M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -20.9%).
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.
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
FGI vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $40.7M |
| Net Profit | $-2.6M | $-10.6M |
| Gross Margin | 26.7% | 23.3% |
| Operating Margin | -2.2% | -25.7% |
| Net Margin | -8.6% | -26.0% |
| Revenue YoY | -14.4% | -23.3% |
| Net Profit YoY | -553.1% | -1392.6% |
| EPS (diluted) | $-1.63 | $-0.50 |
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 | $40.7M | ||
| Q3 25 | $35.8M | $44.4M | ||
| Q2 25 | $31.0M | $51.2M | ||
| Q1 25 | $33.2M | $50.8M | ||
| Q4 24 | $35.6M | $52.0M | ||
| Q3 24 | $36.1M | $58.0M | ||
| Q2 24 | $29.4M | $66.2M | ||
| Q1 24 | $30.8M | $65.1M |
| Q4 25 | $-2.6M | $-10.6M | ||
| Q3 25 | $-1.7M | $-8.5M | ||
| Q2 25 | $-1.2M | $-34.2M | ||
| Q1 25 | $-629.1K | $-11.6M | ||
| Q4 24 | $-402.3K | $-707.0K | ||
| Q3 24 | $-550.1K | $2.3M | ||
| Q2 24 | $163.6K | $3.8M | ||
| Q1 24 | $-412.2K | $-5.0M |
| Q4 25 | 26.7% | 23.3% | ||
| Q3 25 | 26.5% | 28.0% | ||
| Q2 25 | 28.1% | 28.1% | ||
| Q1 25 | 26.8% | 29.9% | ||
| Q4 24 | 24.6% | 31.0% | ||
| Q3 24 | 25.8% | 32.3% | ||
| Q2 24 | 30.5% | 28.8% | ||
| Q1 24 | 27.4% | 29.3% |
| Q4 25 | -2.2% | -25.7% | ||
| Q3 25 | 1.0% | -18.9% | ||
| Q2 25 | -2.7% | -66.7% | ||
| Q1 25 | -3.9% | -11.9% | ||
| Q4 24 | -3.5% | -0.9% | ||
| Q3 24 | -0.2% | 1.0% | ||
| Q2 24 | -1.5% | 6.6% | ||
| Q1 24 | -1.0% | -5.9% |
| Q4 25 | -8.6% | -26.0% | ||
| Q3 25 | -4.6% | -19.2% | ||
| Q2 25 | -4.0% | -66.7% | ||
| Q1 25 | -1.9% | -22.9% | ||
| Q4 24 | -1.1% | -1.4% | ||
| Q3 24 | -1.5% | 4.0% | ||
| Q2 24 | 0.6% | 5.7% | ||
| Q1 24 | -1.3% | -7.7% |
| Q4 25 | $-1.63 | $-0.50 | ||
| Q3 25 | $-0.86 | $-0.41 | ||
| Q2 25 | $-0.64 | $-1.65 | ||
| Q1 25 | $-0.07 | $-0.56 | ||
| Q4 24 | $-0.38 | $-0.03 | ||
| Q3 24 | $-0.29 | $0.11 | ||
| Q2 24 | $0.08 | $0.18 | ||
| Q1 24 | $-0.04 | $-0.24 |
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 | $26.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $32.8M |
| Total Assets | $69.5M | $88.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $26.9M | ||
| Q3 25 | $1.9M | $36.1M | ||
| Q2 25 | $2.5M | $41.1M | ||
| Q1 25 | $1.2M | $54.7M | ||
| Q4 24 | $4.6M | $50.1M | ||
| Q3 24 | $3.0M | $52.0M | ||
| Q2 24 | $1.3M | $46.0M | ||
| Q1 24 | $3.3M | $55.3M |
| Q4 25 | $17.3M | $32.8M | ||
| Q3 25 | $19.7M | $43.1M | ||
| Q2 25 | $21.3M | $51.5M | ||
| Q1 25 | $21.8M | $85.1M | ||
| Q4 24 | $22.3M | $96.2M | ||
| Q3 24 | $23.5M | $96.4M | ||
| Q2 24 | $23.8M | $93.5M | ||
| Q1 24 | $23.9M | $96.7M |
| Q4 25 | $69.5M | $88.0M | ||
| Q3 25 | $73.0M | $100.3M | ||
| Q2 25 | $71.7M | $109.8M | ||
| Q1 25 | $68.5M | $148.7M | ||
| Q4 24 | $75.5M | $144.8M | ||
| Q3 24 | $74.7M | $146.0M | ||
| Q2 24 | $69.9M | $152.7M | ||
| Q1 24 | $68.6M | $169.9M |
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 | $-9.2M |
| Free Cash FlowOCF − Capex | $2.3M | $-9.2M |
| FCF MarginFCF / Revenue | 7.5% | -22.7% |
| Capex IntensityCapex / Revenue | 0.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-9.2M | ||
| Q3 25 | $-1.9M | $-2.2M | ||
| Q2 25 | $7.6M | $-12.3M | ||
| Q1 25 | $-7.4M | $7.0M | ||
| Q4 24 | $617.4K | $-1.2M | ||
| Q3 24 | $-915.0K | $7.4M | ||
| Q2 24 | $862.1K | $-8.5M | ||
| Q1 24 | $-8.0M | $7.1M |
| Q4 25 | $2.3M | $-9.2M | ||
| Q3 25 | $-2.1M | $-4.8M | ||
| Q2 25 | $7.4M | $-13.6M | ||
| Q1 25 | $-7.7M | $4.6M | ||
| Q4 24 | $-214.1K | $-1.9M | ||
| Q3 24 | $-1.1M | $6.1M | ||
| Q2 24 | $281.5K | $-9.2M | ||
| Q1 24 | $-8.6M | $5.9M |
| Q4 25 | 7.5% | -22.7% | ||
| Q3 25 | -5.9% | -10.8% | ||
| Q2 25 | 23.8% | -26.5% | ||
| Q1 25 | -23.3% | 9.1% | ||
| Q4 24 | -0.6% | -3.7% | ||
| Q3 24 | -3.0% | 10.6% | ||
| Q2 24 | 1.0% | -13.9% | ||
| Q1 24 | -28.0% | 9.0% |
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.7% | 5.9% | ||
| Q2 25 | 0.7% | 2.5% | ||
| Q1 25 | 1.1% | 4.7% | ||
| Q4 24 | 2.3% | 1.5% | ||
| Q3 24 | 0.5% | 2.2% | ||
| Q2 24 | 2.0% | 1.0% | ||
| Q1 24 | 2.0% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | 5.27× | -2.27× | ||
| Q1 24 | — | — |
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% |
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
