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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $15.8M, roughly 1.9× Spire Global, Inc.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -176.6%, a 168.0% gap on every dollar of revenue. On growth, FGI Industries Ltd. posted the faster year-over-year revenue change (-14.4% vs -26.9%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-16.2M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
FGI vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $15.8M |
| Net Profit | $-2.6M | $-28.0M |
| Gross Margin | 26.7% | 40.2% |
| Operating Margin | -2.2% | -164.1% |
| Net Margin | -8.6% | -176.6% |
| Revenue YoY | -14.4% | -26.9% |
| Net Profit YoY | -553.1% | 42.7% |
| EPS (diluted) | $-1.63 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $35.8M | $12.7M | ||
| Q2 25 | $31.0M | $19.2M | ||
| Q1 25 | $33.2M | $23.9M | ||
| Q4 24 | $35.6M | $21.7M | ||
| Q3 24 | $36.1M | $28.6M | ||
| Q2 24 | $29.4M | $25.4M | ||
| Q1 24 | $30.8M | $34.8M |
| Q4 25 | $-2.6M | $-28.0M | ||
| Q3 25 | $-1.7M | $-19.7M | ||
| Q2 25 | $-1.2M | $119.6M | ||
| Q1 25 | $-629.1K | $-20.7M | ||
| Q4 24 | $-402.3K | $-48.8M | ||
| Q3 24 | $-550.1K | $-12.5M | ||
| Q2 24 | $163.6K | $-16.6M | ||
| Q1 24 | $-412.2K | $-25.5M |
| Q4 25 | 26.7% | 40.2% | ||
| Q3 25 | 26.5% | 36.6% | ||
| Q2 25 | 28.1% | 48.9% | ||
| Q1 25 | 26.8% | 36.8% | ||
| Q4 24 | 24.6% | 32.4% | ||
| Q3 24 | 25.8% | 44.5% | ||
| Q2 24 | 30.5% | 43.0% | ||
| Q1 24 | 27.4% | 26.5% |
| Q4 25 | -2.2% | -164.1% | ||
| Q3 25 | 1.0% | -166.1% | ||
| Q2 25 | -2.7% | -122.7% | ||
| Q1 25 | -3.9% | -106.5% | ||
| Q4 24 | -3.5% | -144.1% | ||
| Q3 24 | -0.2% | -48.0% | ||
| Q2 24 | -1.5% | -48.6% | ||
| Q1 24 | -1.0% | -34.4% |
| Q4 25 | -8.6% | -176.6% | ||
| Q3 25 | -4.6% | -155.3% | ||
| Q2 25 | -4.0% | 623.4% | ||
| Q1 25 | -1.9% | -86.5% | ||
| Q4 24 | -1.1% | -225.2% | ||
| Q3 24 | -1.5% | -43.7% | ||
| Q2 24 | 0.6% | -65.2% | ||
| Q1 24 | -1.3% | -73.3% |
| Q4 25 | $-1.63 | $-0.85 | ||
| Q3 25 | $-0.86 | $-0.61 | ||
| Q2 25 | $-0.64 | $3.72 | ||
| Q1 25 | $-0.07 | $-0.77 | ||
| Q4 24 | $-0.38 | $-1.93 | ||
| Q3 24 | $-0.29 | $-0.50 | ||
| Q2 24 | $0.08 | $-0.68 | ||
| Q1 24 | $-0.04 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $112.9M |
| Total Assets | $69.5M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $81.8M | ||
| Q3 25 | $1.9M | $96.8M | ||
| Q2 25 | $2.5M | $117.6M | ||
| Q1 25 | $1.2M | $35.9M | ||
| Q4 24 | $4.6M | $19.2M | ||
| Q3 24 | $3.0M | $36.6M | ||
| Q2 24 | $1.3M | $45.8M | ||
| Q1 24 | $3.3M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $17.3M | $112.9M | ||
| Q3 25 | $19.7M | $133.1M | ||
| Q2 25 | $21.3M | $149.2M | ||
| Q1 25 | $21.8M | $3.7M | ||
| Q4 24 | $22.3M | $-11.7M | ||
| Q3 24 | $23.5M | $30.8M | ||
| Q2 24 | $23.8M | $40.3M | ||
| Q1 24 | $23.9M | $52.5M |
| Q4 25 | $69.5M | $211.0M | ||
| Q3 25 | $73.0M | $224.3M | ||
| Q2 25 | $71.7M | $239.5M | ||
| Q1 25 | $68.5M | $208.8M | ||
| Q4 24 | $75.5M | $193.6M | ||
| Q3 24 | $74.7M | $224.2M | ||
| Q2 24 | $69.9M | $230.8M | ||
| Q1 24 | $68.6M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $2.3M | $-16.2M |
| FCF MarginFCF / Revenue | 7.5% | -102.1% |
| Capex IntensityCapex / Revenue | 0.2% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-4.3M | ||
| Q3 25 | $-1.9M | $-12.0M | ||
| Q2 25 | $7.6M | $-35.1M | ||
| Q1 25 | $-7.4M | $-8.4M | ||
| Q4 24 | $617.4K | $-19.2M | ||
| Q3 24 | $-915.0K | $14.0M | ||
| Q2 24 | $862.1K | $-4.4M | ||
| Q1 24 | $-8.0M | $-8.8M |
| Q4 25 | $2.3M | $-16.2M | ||
| Q3 25 | $-2.1M | $-20.4M | ||
| Q2 25 | $7.4M | $-38.7M | ||
| Q1 25 | $-7.7M | $-17.3M | ||
| Q4 24 | $-214.1K | $-24.3M | ||
| Q3 24 | $-1.1M | $5.1M | ||
| Q2 24 | $281.5K | $-9.9M | ||
| Q1 24 | $-8.6M | $-15.9M |
| Q4 25 | 7.5% | -102.1% | ||
| Q3 25 | -5.9% | -161.3% | ||
| Q2 25 | 23.8% | -201.7% | ||
| Q1 25 | -23.3% | -72.6% | ||
| Q4 24 | -0.6% | -112.2% | ||
| Q3 24 | -3.0% | 17.8% | ||
| Q2 24 | 1.0% | -39.0% | ||
| Q1 24 | -28.0% | -45.7% |
| Q4 25 | 0.2% | 75.1% | ||
| Q3 25 | 0.7% | 66.2% | ||
| Q2 25 | 0.7% | 18.8% | ||
| Q1 25 | 1.1% | 37.3% | ||
| Q4 24 | 2.3% | 23.5% | ||
| Q3 24 | 0.5% | 31.2% | ||
| Q2 24 | 2.0% | 21.8% | ||
| Q1 24 | 2.0% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| 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% |
SPIR
Segment breakdown not available.
