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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $30.5M, roughly 1.1× FGI Industries Ltd.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -8.6%, a 17.3% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -14.4%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $2.3M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
FGI vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $33.9M |
| Net Profit | $-2.6M | $2.9M |
| Gross Margin | 26.7% | 76.7% |
| Operating Margin | -2.2% | 11.6% |
| Net Margin | -8.6% | 8.7% |
| Revenue YoY | -14.4% | -0.1% |
| Net Profit YoY | -553.1% | -19.6% |
| EPS (diluted) | $-1.63 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $35.8M | $33.9M | ||
| Q2 25 | $31.0M | $35.7M | ||
| Q1 25 | $33.2M | $36.3M | ||
| Q4 24 | $35.6M | $33.9M | ||
| Q3 24 | $36.1M | $34.9M | ||
| Q2 24 | $29.4M | $34.0M | ||
| Q1 24 | $30.8M | $34.9M |
| Q4 25 | $-2.6M | $2.9M | ||
| Q3 25 | $-1.7M | $3.2M | ||
| Q2 25 | $-1.2M | $4.6M | ||
| Q1 25 | $-629.1K | $5.2M | ||
| Q4 24 | $-402.3K | $3.6M | ||
| Q3 24 | $-550.1K | $3.7M | ||
| Q2 24 | $163.6K | $3.4M | ||
| Q1 24 | $-412.2K | $4.2M |
| Q4 25 | 26.7% | 76.7% | ||
| Q3 25 | 26.5% | 78.3% | ||
| Q2 25 | 28.1% | 79.5% | ||
| Q1 25 | 26.8% | 80.1% | ||
| Q4 24 | 24.6% | 78.5% | ||
| Q3 24 | 25.8% | 79.5% | ||
| Q2 24 | 30.5% | 78.9% | ||
| Q1 24 | 27.4% | 79.5% |
| Q4 25 | -2.2% | 11.6% | ||
| Q3 25 | 1.0% | 12.9% | ||
| Q2 25 | -2.7% | 15.1% | ||
| Q1 25 | -3.9% | 16.6% | ||
| Q4 24 | -3.5% | 13.7% | ||
| Q3 24 | -0.2% | 14.2% | ||
| Q2 24 | -1.5% | 13.2% | ||
| Q1 24 | -1.0% | 14.0% |
| Q4 25 | -8.6% | 8.7% | ||
| Q3 25 | -4.6% | 9.5% | ||
| Q2 25 | -4.0% | 12.8% | ||
| Q1 25 | -1.9% | 14.3% | ||
| Q4 24 | -1.1% | 10.8% | ||
| Q3 24 | -1.5% | 10.5% | ||
| Q2 24 | 0.6% | 10.1% | ||
| Q1 24 | -1.3% | 12.1% |
| Q4 25 | $-1.63 | $0.13 | ||
| Q3 25 | $-0.86 | $0.15 | ||
| Q2 25 | $-0.64 | $0.22 | ||
| Q1 25 | $-0.07 | $0.25 | ||
| Q4 24 | $-0.38 | $0.17 | ||
| Q3 24 | $-0.29 | $0.18 | ||
| Q2 24 | $0.08 | $0.17 | ||
| Q1 24 | $-0.04 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $146.4M |
| Total Assets | $69.5M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $25.3M | ||
| Q3 25 | $1.9M | $21.4M | ||
| Q2 25 | $2.5M | $20.2M | ||
| Q1 25 | $1.2M | $19.9M | ||
| Q4 24 | $4.6M | $29.1M | ||
| Q3 24 | $3.0M | $27.8M | ||
| Q2 24 | $1.3M | $23.9M | ||
| Q1 24 | $3.3M | $23.3M |
| Q4 25 | $17.3M | $146.4M | ||
| Q3 25 | $19.7M | $148.7M | ||
| Q2 25 | $21.3M | $150.9M | ||
| Q1 25 | $21.8M | $151.7M | ||
| Q4 24 | $22.3M | $154.7M | ||
| Q3 24 | $23.5M | $156.3M | ||
| Q2 24 | $23.8M | $158.2M | ||
| Q1 24 | $23.9M | $160.2M |
| Q4 25 | $69.5M | $206.1M | ||
| Q3 25 | $73.0M | $209.7M | ||
| Q2 25 | $71.7M | $208.7M | ||
| Q1 25 | $68.5M | $204.5M | ||
| Q4 24 | $75.5M | $217.1M | ||
| Q3 24 | $74.7M | $216.8M | ||
| Q2 24 | $69.9M | $216.4M | ||
| Q1 24 | $68.6M | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | $2.3M | $10.1M |
| FCF MarginFCF / Revenue | 7.5% | 29.9% |
| Capex IntensityCapex / Revenue | 0.2% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $11.5M | ||
| Q3 25 | $-1.9M | $8.1M | ||
| Q2 25 | $7.6M | $7.0M | ||
| Q1 25 | $-7.4M | $2.3M | ||
| Q4 24 | $617.4K | $8.4M | ||
| Q3 24 | $-915.0K | $11.1M | ||
| Q2 24 | $862.1K | $7.4M | ||
| Q1 24 | $-8.0M | $2.0M |
| Q4 25 | $2.3M | $10.1M | ||
| Q3 25 | $-2.1M | $7.6M | ||
| Q2 25 | $7.4M | $6.0M | ||
| Q1 25 | $-7.7M | $1.5M | ||
| Q4 24 | $-214.1K | $7.5M | ||
| Q3 24 | $-1.1M | $10.3M | ||
| Q2 24 | $281.5K | $6.8M | ||
| Q1 24 | $-8.6M | $1.1M |
| Q4 25 | 7.5% | 29.9% | ||
| Q3 25 | -5.9% | 22.4% | ||
| Q2 25 | 23.8% | 16.8% | ||
| Q1 25 | -23.3% | 4.2% | ||
| Q4 24 | -0.6% | 22.3% | ||
| Q3 24 | -3.0% | 29.4% | ||
| Q2 24 | 1.0% | 20.0% | ||
| Q1 24 | -28.0% | 3.2% |
| Q4 25 | 0.2% | 4.1% | ||
| Q3 25 | 0.7% | 1.6% | ||
| Q2 25 | 0.7% | 2.9% | ||
| Q1 25 | 1.1% | 2.1% | ||
| Q4 24 | 2.3% | 2.5% | ||
| Q3 24 | 0.5% | 2.4% | ||
| Q2 24 | 2.0% | 1.9% | ||
| Q1 24 | 2.0% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | 5.27× | 2.17× | ||
| Q1 24 | — | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
