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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $30.5M, roughly 1.6× FGI Industries Ltd.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -8.6%, a 6.5% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -14.4%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $2.3M).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
FGI vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $49.0M |
| Net Profit | $-2.6M | $-1.1M |
| Gross Margin | 26.7% | 53.5% |
| Operating Margin | -2.2% | 2.1% |
| Net Margin | -8.6% | -2.1% |
| Revenue YoY | -14.4% | 32.3% |
| Net Profit YoY | -553.1% | 2.9% |
| 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 | $49.0M | ||
| Q3 25 | $35.8M | $39.8M | ||
| Q2 25 | $31.0M | $35.1M | ||
| Q1 25 | $33.2M | $33.3M | ||
| Q4 24 | $35.6M | $37.1M | ||
| Q3 24 | $36.1M | — | ||
| Q2 24 | $29.4M | — | ||
| Q1 24 | $30.8M | — |
| Q4 25 | $-2.6M | $-1.1M | ||
| Q3 25 | $-1.7M | $-3.5M | ||
| Q2 25 | $-1.2M | $-3.0M | ||
| Q1 25 | $-629.1K | $-3.0M | ||
| Q4 24 | $-402.3K | $-1.1M | ||
| Q3 24 | $-550.1K | — | ||
| Q2 24 | $163.6K | — | ||
| Q1 24 | $-412.2K | — |
| Q4 25 | 26.7% | 53.5% | ||
| Q3 25 | 26.5% | 48.7% | ||
| Q2 25 | 28.1% | 57.6% | ||
| Q1 25 | 26.8% | 54.6% | ||
| Q4 24 | 24.6% | 52.1% | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 30.5% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | -2.2% | 2.1% | ||
| Q3 25 | 1.0% | -3.6% | ||
| Q2 25 | -2.7% | -5.2% | ||
| Q1 25 | -3.9% | -3.0% | ||
| Q4 24 | -3.5% | 1.2% | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -1.5% | — | ||
| Q1 24 | -1.0% | — |
| Q4 25 | -8.6% | -2.1% | ||
| Q3 25 | -4.6% | -8.9% | ||
| Q2 25 | -4.0% | -8.6% | ||
| Q1 25 | -1.9% | -9.1% | ||
| Q4 24 | -1.1% | -2.9% | ||
| Q3 24 | -1.5% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -1.3% | — |
| Q4 25 | $-1.63 | $-0.02 | ||
| Q3 25 | $-0.86 | $-0.07 | ||
| Q2 25 | $-0.64 | $-0.07 | ||
| Q1 25 | $-0.07 | $-0.07 | ||
| Q4 24 | $-0.38 | $-0.03 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $10.5M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $17.3M | $113.0M |
| Total Assets | $69.5M | $280.7M |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $10.5M | ||
| Q3 25 | $1.9M | $12.9M | ||
| Q2 25 | $2.5M | $11.3M | ||
| Q1 25 | $1.2M | $17.1M | ||
| Q4 24 | $4.6M | $15.5M | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $3.3M | — |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $87.6M | ||
| Q2 25 | — | $66.0M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $70.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $17.3M | $113.0M | ||
| Q3 25 | $19.7M | $112.1M | ||
| Q2 25 | $21.3M | $102.5M | ||
| Q1 25 | $21.8M | $103.6M | ||
| Q4 24 | $22.3M | $106.3M | ||
| Q3 24 | $23.5M | — | ||
| Q2 24 | $23.8M | — | ||
| Q1 24 | $23.9M | — |
| Q4 25 | $69.5M | $280.7M | ||
| Q3 25 | $73.0M | $283.3M | ||
| Q2 25 | $71.7M | $236.1M | ||
| Q1 25 | $68.5M | $244.6M | ||
| Q4 24 | $75.5M | $242.8M | ||
| Q3 24 | $74.7M | — | ||
| Q2 24 | $69.9M | — | ||
| Q1 24 | $68.6M | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.9M |
| Free Cash FlowOCF − Capex | $2.3M | $6.9M |
| FCF MarginFCF / Revenue | 7.5% | 14.0% |
| Capex IntensityCapex / Revenue | 0.2% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $8.9M | ||
| Q3 25 | $-1.9M | $9.8M | ||
| Q2 25 | $7.6M | $9.7M | ||
| Q1 25 | $-7.4M | $8.9M | ||
| Q4 24 | $617.4K | $9.3M | ||
| Q3 24 | $-915.0K | — | ||
| Q2 24 | $862.1K | — | ||
| Q1 24 | $-8.0M | — |
| Q4 25 | $2.3M | $6.9M | ||
| Q3 25 | $-2.1M | $8.0M | ||
| Q2 25 | $7.4M | $4.4M | ||
| Q1 25 | $-7.7M | $7.3M | ||
| Q4 24 | $-214.1K | $5.6M | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $281.5K | — | ||
| Q1 24 | $-8.6M | — |
| Q4 25 | 7.5% | 14.0% | ||
| Q3 25 | -5.9% | 20.0% | ||
| Q2 25 | 23.8% | 12.6% | ||
| Q1 25 | -23.3% | 22.0% | ||
| Q4 24 | -0.6% | 15.2% | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -28.0% | — |
| Q4 25 | 0.2% | 4.2% | ||
| Q3 25 | 0.7% | 4.6% | ||
| Q2 25 | 0.7% | 14.9% | ||
| Q1 25 | 1.1% | 4.8% | ||
| Q4 24 | 2.3% | 9.9% | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.0% | — |
| 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
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
QIPT
Segment breakdown not available.
