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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $30.5M, roughly 1.9× FGI Industries Ltd.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -8.6%, a 5.6% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-9.0M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
FGI vs STRR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $56.8M |
| Net Profit | $-2.6M | $-1.7M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | -0.2% |
| Net Margin | -8.6% | -3.0% |
| Revenue YoY | -14.4% | 69.0% |
| Net Profit YoY | -553.1% | -192.1% |
| EPS (diluted) | $-1.63 | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $35.8M | $48.0M | ||
| Q2 25 | $31.0M | $35.5M | ||
| Q1 25 | $33.2M | $31.9M | ||
| Q4 24 | $35.6M | $33.6M | ||
| Q3 24 | $36.1M | $36.9M | ||
| Q2 24 | $29.4M | $35.7M | ||
| Q1 24 | $30.8M | $33.9M |
| Q4 25 | $-2.6M | $-1.7M | ||
| Q3 25 | $-1.7M | $-1.8M | ||
| Q2 25 | $-1.2M | $-688.0K | ||
| Q1 25 | $-629.1K | $-1.8M | ||
| Q4 24 | $-402.3K | $-585.0K | ||
| Q3 24 | $-550.1K | $-846.0K | ||
| Q2 24 | $163.6K | $-441.0K | ||
| Q1 24 | $-412.2K | $-2.9M |
| Q4 25 | 26.7% | — | ||
| Q3 25 | 26.5% | 43.0% | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 26.8% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.8% | 50.5% | ||
| Q2 24 | 30.5% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | -2.2% | -0.2% | ||
| Q3 25 | 1.0% | -3.4% | ||
| Q2 25 | -2.7% | -0.6% | ||
| Q1 25 | -3.9% | -5.4% | ||
| Q4 24 | -3.5% | -0.4% | ||
| Q3 24 | -0.2% | -1.2% | ||
| Q2 24 | -1.5% | -0.5% | ||
| Q1 24 | -1.0% | -9.0% |
| Q4 25 | -8.6% | -3.0% | ||
| Q3 25 | -4.6% | -3.7% | ||
| Q2 25 | -4.0% | -1.9% | ||
| Q1 25 | -1.9% | -5.5% | ||
| Q4 24 | -1.1% | -1.7% | ||
| Q3 24 | -1.5% | -2.3% | ||
| Q2 24 | 0.6% | -1.2% | ||
| Q1 24 | -1.3% | -8.6% |
| Q4 25 | $-1.63 | $-0.49 | ||
| Q3 25 | $-0.86 | $-0.54 | ||
| Q2 25 | $-0.64 | $-0.23 | ||
| Q1 25 | $-0.07 | $-0.59 | ||
| Q4 24 | $-0.38 | $-0.21 | ||
| Q3 24 | $-0.29 | $-0.28 | ||
| Q2 24 | $0.08 | $-0.15 | ||
| Q1 24 | $-0.04 | $-0.95 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $65.7M |
| Total Assets | $69.5M | $113.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $10.3M | ||
| Q3 25 | $1.9M | $15.4M | ||
| Q2 25 | $2.5M | $16.8M | ||
| Q1 25 | $1.2M | $16.6M | ||
| Q4 24 | $4.6M | $17.0M | ||
| Q3 24 | $3.0M | $15.8M | ||
| Q2 24 | $1.3M | $14.7M | ||
| Q1 24 | $3.3M | $20.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $17.3M | $65.7M | ||
| Q3 25 | $19.7M | $67.8M | ||
| Q2 25 | $21.3M | $40.1M | ||
| Q1 25 | $21.8M | $39.5M | ||
| Q4 24 | $22.3M | $40.4M | ||
| Q3 24 | $23.5M | $42.9M | ||
| Q2 24 | $23.8M | $42.6M | ||
| Q1 24 | $23.9M | $44.3M |
| Q4 25 | $69.5M | $113.2M | ||
| Q3 25 | $73.0M | $117.1M | ||
| Q2 25 | $71.7M | $55.6M | ||
| Q1 25 | $68.5M | $53.2M | ||
| Q4 24 | $75.5M | $52.6M | ||
| Q3 24 | $74.7M | $52.6M | ||
| Q2 24 | $69.9M | $52.6M | ||
| Q1 24 | $68.6M | $52.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $-7.3M |
| Free Cash FlowOCF − Capex | $2.3M | $-9.0M |
| FCF MarginFCF / Revenue | 7.5% | -15.8% |
| Capex IntensityCapex / Revenue | 0.2% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-7.3M | ||
| Q3 25 | $-1.9M | $-2.7M | ||
| Q2 25 | $7.6M | $139.0K | ||
| Q1 25 | $-7.4M | $-802.0K | ||
| Q4 24 | $617.4K | $-2.8M | ||
| Q3 24 | $-915.0K | $1.3M | ||
| Q2 24 | $862.1K | $-4.3M | ||
| Q1 24 | $-8.0M | $-1.8M |
| Q4 25 | $2.3M | $-9.0M | ||
| Q3 25 | $-2.1M | $-3.4M | ||
| Q2 25 | $7.4M | $102.0K | ||
| Q1 25 | $-7.7M | $-808.0K | ||
| Q4 24 | $-214.1K | $-2.8M | ||
| Q3 24 | $-1.1M | $1.3M | ||
| Q2 24 | $281.5K | $-4.3M | ||
| Q1 24 | $-8.6M | $-1.8M |
| Q4 25 | 7.5% | -15.8% | ||
| Q3 25 | -5.9% | -7.0% | ||
| Q2 25 | 23.8% | 0.3% | ||
| Q1 25 | -23.3% | -2.5% | ||
| Q4 24 | -0.6% | -8.3% | ||
| Q3 24 | -3.0% | 3.4% | ||
| Q2 24 | 1.0% | -12.0% | ||
| Q1 24 | -28.0% | -5.3% |
| Q4 25 | 0.2% | 3.0% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 1.1% | 0.0% | ||
| Q4 24 | 2.3% | 0.1% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 2.0% | 0.0% | ||
| Q1 24 | 2.0% | 0.0% |
| 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% |
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
