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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
Third Coast Bancshares, Inc. is the larger business by last-quarter revenue ($57.7M vs $30.5M, roughly 1.9× FGI Industries Ltd.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs -8.6%, a 37.0% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% 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.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
FGI vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $57.7M |
| Net Profit | $-2.6M | $16.4M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | — |
| Net Margin | -8.6% | 28.4% |
| Revenue YoY | -14.4% | — |
| Net Profit YoY | -553.1% | 20.5% |
| EPS (diluted) | $-1.63 | $0.88 |
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 | — | $57.7M | ||
| Q4 25 | $30.5M | $56.5M | ||
| Q3 25 | $35.8M | $54.5M | ||
| Q2 25 | $31.0M | $52.0M | ||
| Q1 25 | $33.2M | $45.9M | ||
| Q4 24 | $35.6M | $46.3M | ||
| Q3 24 | $36.1M | $42.9M | ||
| Q2 24 | $29.4M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | $-2.6M | $17.9M | ||
| Q3 25 | $-1.7M | $18.1M | ||
| Q2 25 | $-1.2M | $16.7M | ||
| Q1 25 | $-629.1K | $13.6M | ||
| Q4 24 | $-402.3K | $13.7M | ||
| Q3 24 | $-550.1K | $12.8M | ||
| Q2 24 | $163.6K | $10.8M |
| 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% | 38.1% | ||
| Q3 25 | 1.0% | 41.9% | ||
| Q2 25 | -2.7% | 40.5% | ||
| Q1 25 | -3.9% | 37.8% | ||
| Q4 24 | -3.5% | 38.7% | ||
| Q3 24 | -0.2% | 37.9% | ||
| Q2 24 | -1.5% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | -8.6% | 31.7% | ||
| Q3 25 | -4.6% | 33.1% | ||
| Q2 25 | -4.0% | 32.2% | ||
| Q1 25 | -1.9% | 29.6% | ||
| Q4 24 | -1.1% | 29.7% | ||
| Q3 24 | -1.5% | 29.8% | ||
| Q2 24 | 0.6% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-1.63 | $1.02 | ||
| Q3 25 | $-0.86 | $1.03 | ||
| Q2 25 | $-0.64 | $0.96 | ||
| Q1 25 | $-0.07 | $0.78 | ||
| Q4 24 | $-0.38 | $0.80 | ||
| Q3 24 | $-0.29 | $0.74 | ||
| Q2 24 | $0.08 | $0.63 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $650.5M |
| Total Assets | $69.5M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $175.2M | ||
| Q3 25 | $1.9M | $116.4M | ||
| Q2 25 | $2.5M | $113.1M | ||
| Q1 25 | $1.2M | $219.0M | ||
| Q4 24 | $4.6M | $371.2M | ||
| Q3 24 | $3.0M | $258.2M | ||
| Q2 24 | $1.3M | $241.8M |
| Q1 26 | — | $650.5M | ||
| Q4 25 | $17.3M | $531.0M | ||
| Q3 25 | $19.7M | $513.8M | ||
| Q2 25 | $21.3M | $496.1M | ||
| Q1 25 | $21.8M | $479.8M | ||
| Q4 24 | $22.3M | $460.7M | ||
| Q3 24 | $23.5M | $450.5M | ||
| Q2 24 | $23.8M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $69.5M | $5.3B | ||
| Q3 25 | $73.0M | $5.1B | ||
| Q2 25 | $71.7M | $4.9B | ||
| Q1 25 | $68.5M | $4.9B | ||
| Q4 24 | $75.5M | $4.9B | ||
| Q3 24 | $74.7M | $4.6B | ||
| Q2 24 | $69.9M | $4.5B |
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 | $50.8M | ||
| Q3 25 | $-1.9M | $20.7M | ||
| Q2 25 | $7.6M | $13.9M | ||
| Q1 25 | $-7.4M | $10.5M | ||
| Q4 24 | $617.4K | $35.1M | ||
| Q3 24 | $-915.0K | $22.0M | ||
| Q2 24 | $862.1K | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $7.4M | — | ||
| Q1 25 | $-7.7M | — | ||
| Q4 24 | $-214.1K | $33.4M | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $281.5K | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | -5.9% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | -0.6% | 72.1% | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | 1.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | 3.8% | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 2.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | 5.27× | 0.68× |
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% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
