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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $30.5M, roughly 1.8× FGI Industries Ltd.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -8.6%, a 34.0% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
FGI vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $53.8M |
| Net Profit | $-2.6M | $13.7M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 25.4% |
| Revenue YoY | -14.4% | — |
| Net Profit YoY | -553.1% | 21.6% |
| EPS (diluted) | $-1.63 | $0.81 |
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 | — | $53.8M | ||
| Q4 25 | $30.5M | $53.3M | ||
| Q3 25 | $35.8M | $51.1M | ||
| Q2 25 | $31.0M | $49.2M | ||
| Q1 25 | $33.2M | $46.8M | ||
| Q4 24 | $35.6M | $46.8M | ||
| Q3 24 | $36.1M | $44.2M | ||
| Q2 24 | $29.4M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-2.6M | $13.7M | ||
| Q3 25 | $-1.7M | $13.7M | ||
| Q2 25 | $-1.2M | $11.7M | ||
| Q1 25 | $-629.1K | $11.3M | ||
| Q4 24 | $-402.3K | $9.6M | ||
| Q3 24 | $-550.1K | $9.1M | ||
| Q2 24 | $163.6K | $8.0M |
| 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 | — | — | ||
| Q4 25 | -2.2% | 31.3% | ||
| Q3 25 | 1.0% | 33.2% | ||
| Q2 25 | -2.7% | 29.0% | ||
| Q1 25 | -3.9% | 29.0% | ||
| Q4 24 | -3.5% | 26.5% | ||
| Q3 24 | -0.2% | 24.3% | ||
| Q2 24 | -1.5% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -8.6% | 25.7% | ||
| Q3 25 | -4.6% | 26.8% | ||
| Q2 25 | -4.0% | 23.8% | ||
| Q1 25 | -1.9% | 24.0% | ||
| Q4 24 | -1.1% | 20.6% | ||
| Q3 24 | -1.5% | 20.7% | ||
| Q2 24 | 0.6% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-1.63 | $0.81 | ||
| Q3 25 | $-0.86 | $0.81 | ||
| Q2 25 | $-0.64 | $0.69 | ||
| Q1 25 | $-0.07 | $0.67 | ||
| Q4 24 | $-0.38 | $0.57 | ||
| Q3 24 | $-0.29 | $0.54 | ||
| Q2 24 | $0.08 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $562.2M |
| Total Assets | $69.5M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $1.9M | $464.4M | ||
| Q3 25 | $1.9M | $557.1M | ||
| Q2 25 | $2.5M | $365.1M | ||
| Q1 25 | $1.2M | $423.0M | ||
| Q4 24 | $4.6M | $387.6M | ||
| Q3 24 | $3.0M | $192.9M | ||
| Q2 24 | $1.3M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $17.3M | $552.4M | ||
| Q3 25 | $19.7M | $538.4M | ||
| Q2 25 | $21.3M | $519.0M | ||
| Q1 25 | $21.8M | $505.8M | ||
| Q4 24 | $22.3M | $491.3M | ||
| Q3 24 | $23.5M | $489.0M | ||
| Q2 24 | $23.8M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $69.5M | $5.9B | ||
| Q3 25 | $73.0M | $5.8B | ||
| Q2 25 | $71.7M | $5.5B | ||
| Q1 25 | $68.5M | $5.4B | ||
| Q4 24 | $75.5M | $5.3B | ||
| Q3 24 | $74.7M | $4.9B | ||
| Q2 24 | $69.9M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | $61.7M | ||
| Q3 25 | $-1.9M | $16.9M | ||
| Q2 25 | $7.6M | $14.0M | ||
| Q1 25 | $-7.4M | $14.3M | ||
| Q4 24 | $617.4K | $52.7M | ||
| Q3 24 | $-915.0K | $12.4M | ||
| Q2 24 | $862.1K | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $59.3M | ||
| Q3 25 | $-2.1M | $16.6M | ||
| Q2 25 | $7.4M | $13.2M | ||
| Q1 25 | $-7.7M | $13.4M | ||
| Q4 24 | $-214.1K | $46.3M | ||
| Q3 24 | $-1.1M | $11.3M | ||
| Q2 24 | $281.5K | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 111.3% | ||
| Q3 25 | -5.9% | 32.4% | ||
| Q2 25 | 23.8% | 26.9% | ||
| Q1 25 | -23.3% | 28.5% | ||
| Q4 24 | -0.6% | 98.9% | ||
| Q3 24 | -3.0% | 25.7% | ||
| Q2 24 | 1.0% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 4.5% | ||
| Q3 25 | 0.7% | 0.6% | ||
| Q2 25 | 0.7% | 1.6% | ||
| Q1 25 | 1.1% | 2.0% | ||
| Q4 24 | 2.3% | 13.7% | ||
| Q3 24 | 0.5% | 2.4% | ||
| Q2 24 | 2.0% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 5.27× | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
