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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $30.3M, roughly 1.0× SYPRIS SOLUTIONS INC). FGI Industries Ltd. runs the higher net margin — -8.6% vs -12.9%, a 4.3% gap on every dollar of revenue. On growth, SYPRIS SOLUTIONS INC posted the faster year-over-year revenue change (-9.5% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-1.5M). Over the past eight quarters, FGI Industries Ltd.'s revenue compounded faster (-0.5% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

FGI vs SYPR — Head-to-Head

Bigger by revenue
FGI
FGI
1.0× larger
FGI
$30.5M
$30.3M
SYPR
Growing faster (revenue YoY)
SYPR
SYPR
+4.9% gap
SYPR
-9.5%
-14.4%
FGI
Higher net margin
FGI
FGI
4.3% more per $
FGI
-8.6%
-12.9%
SYPR
More free cash flow
FGI
FGI
$3.8M more FCF
FGI
$2.3M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
FGI
FGI
Annualised
FGI
-0.5%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FGI
FGI
SYPR
SYPR
Revenue
$30.5M
$30.3M
Net Profit
$-2.6M
$-3.9M
Gross Margin
26.7%
4.6%
Operating Margin
-2.2%
-10.9%
Net Margin
-8.6%
-12.9%
Revenue YoY
-14.4%
-9.5%
Net Profit YoY
-553.1%
-2992.6%
EPS (diluted)
$-1.63
$-0.17

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.

Revenue
FGI
FGI
SYPR
SYPR
Q4 25
$30.5M
$30.3M
Q3 25
$35.8M
$28.7M
Q2 25
$31.0M
$31.4M
Q1 25
$33.2M
$29.5M
Q4 24
$35.6M
$33.4M
Q3 24
$36.1M
$35.7M
Q2 24
$29.4M
$35.5M
Q1 24
$30.8M
$35.6M
Net Profit
FGI
FGI
SYPR
SYPR
Q4 25
$-2.6M
$-3.9M
Q3 25
$-1.7M
$517.0K
Q2 25
$-1.2M
$-2.1M
Q1 25
$-629.1K
$-899.0K
Q4 24
$-402.3K
$135.0K
Q3 24
$-550.1K
$390.0K
Q2 24
$163.6K
$16.0K
Q1 24
$-412.2K
$-2.2M
Gross Margin
FGI
FGI
SYPR
SYPR
Q4 25
26.7%
4.6%
Q3 25
26.5%
7.2%
Q2 25
28.1%
8.2%
Q1 25
26.8%
11.4%
Q4 24
24.6%
16.1%
Q3 24
25.8%
16.8%
Q2 24
30.5%
15.9%
Q1 24
27.4%
8.1%
Operating Margin
FGI
FGI
SYPR
SYPR
Q4 25
-2.2%
-10.9%
Q3 25
1.0%
-6.1%
Q2 25
-2.7%
-4.6%
Q1 25
-3.9%
-0.4%
Q4 24
-3.5%
3.9%
Q3 24
-0.2%
4.8%
Q2 24
-1.5%
3.6%
Q1 24
-1.0%
-3.9%
Net Margin
FGI
FGI
SYPR
SYPR
Q4 25
-8.6%
-12.9%
Q3 25
-4.6%
1.8%
Q2 25
-4.0%
-6.5%
Q1 25
-1.9%
-3.0%
Q4 24
-1.1%
0.4%
Q3 24
-1.5%
1.1%
Q2 24
0.6%
0.0%
Q1 24
-1.3%
-6.2%
EPS (diluted)
FGI
FGI
SYPR
SYPR
Q4 25
$-1.63
$-0.17
Q3 25
$-0.86
$0.02
Q2 25
$-0.64
$-0.09
Q1 25
$-0.07
$-0.04
Q4 24
$-0.38
$0.00
Q3 24
$-0.29
$0.02
Q2 24
$0.08
$0.00
Q1 24
$-0.04
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FGI
FGI
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.3M
$17.8M
Total Assets
$69.5M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FGI
FGI
SYPR
SYPR
Q4 25
$1.9M
Q3 25
$1.9M
Q2 25
$2.5M
Q1 25
$1.2M
Q4 24
$4.6M
Q3 24
$3.0M
Q2 24
$1.3M
Q1 24
$3.3M
Stockholders' Equity
FGI
FGI
SYPR
SYPR
Q4 25
$17.3M
$17.8M
Q3 25
$19.7M
$20.0M
Q2 25
$21.3M
$18.7M
Q1 25
$21.8M
$19.0M
Q4 24
$22.3M
$19.6M
Q3 24
$23.5M
$18.2M
Q2 24
$23.8M
$19.0M
Q1 24
$23.9M
$20.8M
Total Assets
FGI
FGI
SYPR
SYPR
Q4 25
$69.5M
$107.8M
Q3 25
$73.0M
$112.5M
Q2 25
$71.7M
$105.8M
Q1 25
$68.5M
$110.2M
Q4 24
$75.5M
$119.4M
Q3 24
$74.7M
$121.6M
Q2 24
$69.9M
$124.2M
Q1 24
$68.6M
$129.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FGI
FGI
SYPR
SYPR
Operating Cash FlowLast quarter
$2.3M
$-1.1M
Free Cash FlowOCF − Capex
$2.3M
$-1.5M
FCF MarginFCF / Revenue
7.5%
-5.0%
Capex IntensityCapex / Revenue
0.2%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-212.5K
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FGI
FGI
SYPR
SYPR
Q4 25
$2.3M
$-1.1M
Q3 25
$-1.9M
$-178.0K
Q2 25
$7.6M
$1.1M
Q1 25
$-7.4M
$-5.5M
Q4 24
$617.4K
$2.3M
Q3 24
$-915.0K
$-4.8M
Q2 24
$862.1K
$6.2M
Q1 24
$-8.0M
$-1.7M
Free Cash Flow
FGI
FGI
SYPR
SYPR
Q4 25
$2.3M
$-1.5M
Q3 25
$-2.1M
$-390.0K
Q2 25
$7.4M
$941.0K
Q1 25
$-7.7M
$-5.5M
Q4 24
$-214.1K
$1.9M
Q3 24
$-1.1M
$-4.9M
Q2 24
$281.5K
$6.0M
Q1 24
$-8.6M
$-2.0M
FCF Margin
FGI
FGI
SYPR
SYPR
Q4 25
7.5%
-5.0%
Q3 25
-5.9%
-1.4%
Q2 25
23.8%
3.0%
Q1 25
-23.3%
-18.8%
Q4 24
-0.6%
5.7%
Q3 24
-3.0%
-13.8%
Q2 24
1.0%
16.8%
Q1 24
-28.0%
-5.7%
Capex Intensity
FGI
FGI
SYPR
SYPR
Q4 25
0.2%
1.3%
Q3 25
0.7%
0.7%
Q2 25
0.7%
0.5%
Q1 25
1.1%
0.0%
Q4 24
2.3%
1.2%
Q3 24
0.5%
0.4%
Q2 24
2.0%
0.5%
Q1 24
2.0%
0.9%
Cash Conversion
FGI
FGI
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
5.27×
385.25×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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