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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Pyxis Tankers Inc. (PXS). Click either name above to swap in a different company.

FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $17.0M, roughly 1.8× Pyxis Tankers Inc.). Pyxis Tankers Inc. runs the higher net margin — 31.3% vs -8.6%, a 40.0% gap on every dollar of revenue.

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.

Pyxis Tankers Inc. is an international maritime transport enterprise specializing in seaborne shipping of refined petroleum products and other bulk liquid cargoes. It operates a fleet of modern product tankers, serving global energy markets, with core business covering major trade routes across the Atlantic, Mediterranean and Asia-Pacific regions.

FGI vs PXS — Head-to-Head

Bigger by revenue
FGI
FGI
1.8× larger
FGI
$30.5M
$17.0M
PXS
Higher net margin
PXS
PXS
40.0% more per $
PXS
31.3%
-8.6%
FGI

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
FGI
FGI
PXS
PXS
Revenue
$30.5M
$17.0M
Net Profit
$-2.6M
$5.3M
Gross Margin
26.7%
Operating Margin
-2.2%
37.2%
Net Margin
-8.6%
31.3%
Revenue YoY
-14.4%
Net Profit YoY
-553.1%
EPS (diluted)
$-1.63
$0.44

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.

Revenue
FGI
FGI
PXS
PXS
Q4 25
$30.5M
Q3 25
$35.8M
Q2 25
$31.0M
Q1 25
$33.2M
Q4 24
$35.6M
Q3 24
$36.1M
Q2 24
$29.4M
Q1 24
$30.8M
Net Profit
FGI
FGI
PXS
PXS
Q4 25
$-2.6M
Q3 25
$-1.7M
Q2 25
$-1.2M
Q1 25
$-629.1K
Q4 24
$-402.3K
Q3 24
$-550.1K
Q2 24
$163.6K
Q1 24
$-412.2K
Gross Margin
FGI
FGI
PXS
PXS
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 24
27.4%
Operating Margin
FGI
FGI
PXS
PXS
Q4 25
-2.2%
Q3 25
1.0%
Q2 25
-2.7%
Q1 25
-3.9%
Q4 24
-3.5%
Q3 24
-0.2%
Q2 24
-1.5%
Q1 24
-1.0%
Net Margin
FGI
FGI
PXS
PXS
Q4 25
-8.6%
Q3 25
-4.6%
Q2 25
-4.0%
Q1 25
-1.9%
Q4 24
-1.1%
Q3 24
-1.5%
Q2 24
0.6%
Q1 24
-1.3%
EPS (diluted)
FGI
FGI
PXS
PXS
Q4 25
$-1.63
Q3 25
$-0.86
Q2 25
$-0.64
Q1 25
$-0.07
Q4 24
$-0.38
Q3 24
$-0.29
Q2 24
$0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FGI
FGI
PXS
PXS
Cash + ST InvestmentsLiquidity on hand
$1.9M
$4.3M
Total DebtLower is stronger
$67.3M
Stockholders' EquityBook value
$17.3M
$54.9M
Total Assets
$69.5M
$138.1M
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FGI
FGI
PXS
PXS
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 24
$3.3M
Stockholders' Equity
FGI
FGI
PXS
PXS
Q4 25
$17.3M
Q3 25
$19.7M
Q2 25
$21.3M
Q1 25
$21.8M
Q4 24
$22.3M
Q3 24
$23.5M
Q2 24
$23.8M
Q1 24
$23.9M
Total Assets
FGI
FGI
PXS
PXS
Q4 25
$69.5M
Q3 25
$73.0M
Q2 25
$71.7M
Q1 25
$68.5M
Q4 24
$75.5M
Q3 24
$74.7M
Q2 24
$69.9M
Q1 24
$68.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FGI
FGI
PXS
PXS
Operating Cash FlowLast quarter
$2.3M
$2.4M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
0.2%
0.0%
Cash ConversionOCF / Net Profit
0.45×
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FGI
FGI
PXS
PXS
Q4 25
$2.3M
Q3 25
$-1.9M
Q2 25
$7.6M
Q1 25
$-7.4M
Q4 24
$617.4K
Q3 24
$-915.0K
Q2 24
$862.1K
Q1 24
$-8.0M
Free Cash Flow
FGI
FGI
PXS
PXS
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 24
$-8.6M
FCF Margin
FGI
FGI
PXS
PXS
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 24
-28.0%
Capex Intensity
FGI
FGI
PXS
PXS
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 24
2.0%
Cash Conversion
FGI
FGI
PXS
PXS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.27×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

PXS
PXS

Segment breakdown not available.

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