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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and TELOS CORP (TLS). Click either name above to swap in a different company.
TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $30.5M, roughly 1.5× FGI Industries Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -34.9%, a 26.2% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -14.4%). TELOS CORP produced more free cash flow last quarter ($8.0M vs $2.3M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
FGI vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $46.8M |
| Net Profit | $-2.6M | $-16.3M |
| Gross Margin | 26.7% | 35.0% |
| Operating Margin | -2.2% | -39.6% |
| Net Margin | -8.6% | -34.9% |
| Revenue YoY | -14.4% | 77.4% |
| Net Profit YoY | -553.1% | -74.8% |
| EPS (diluted) | $-1.63 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $35.8M | $51.4M | ||
| Q2 25 | $31.0M | $36.0M | ||
| Q1 25 | $33.2M | $30.6M | ||
| Q4 24 | $35.6M | $26.4M | ||
| Q3 24 | $36.1M | $23.8M | ||
| Q2 24 | $29.4M | $28.5M | ||
| Q1 24 | $30.8M | $29.6M |
| Q4 25 | $-2.6M | $-16.3M | ||
| Q3 25 | $-1.7M | $-2.1M | ||
| Q2 25 | $-1.2M | $-9.5M | ||
| Q1 25 | $-629.1K | $-8.6M | ||
| Q4 24 | $-402.3K | $-9.3M | ||
| Q3 24 | $-550.1K | $-28.1M | ||
| Q2 24 | $163.6K | $-7.8M | ||
| Q1 24 | $-412.2K | $-7.4M |
| Q4 25 | 26.7% | 35.0% | ||
| Q3 25 | 26.5% | 39.9% | ||
| Q2 25 | 28.1% | 33.2% | ||
| Q1 25 | 26.8% | 39.8% | ||
| Q4 24 | 24.6% | 40.3% | ||
| Q3 24 | 25.8% | 13.2% | ||
| Q2 24 | 30.5% | 34.1% | ||
| Q1 24 | 27.4% | 37.0% |
| Q4 25 | -2.2% | -39.6% | ||
| Q3 25 | 1.0% | -4.8% | ||
| Q2 25 | -2.7% | -27.5% | ||
| Q1 25 | -3.9% | -29.5% | ||
| Q4 24 | -3.5% | -37.6% | ||
| Q3 24 | -0.2% | -121.4% | ||
| Q2 24 | -1.5% | -30.3% | ||
| Q1 24 | -1.0% | -28.5% |
| Q4 25 | -8.6% | -34.9% | ||
| Q3 25 | -4.6% | -4.1% | ||
| Q2 25 | -4.0% | -26.5% | ||
| Q1 25 | -1.9% | -28.1% | ||
| Q4 24 | -1.1% | -35.4% | ||
| Q3 24 | -1.5% | -118.0% | ||
| Q2 24 | 0.6% | -27.2% | ||
| Q1 24 | -1.3% | -24.9% |
| Q4 25 | $-1.63 | $-0.22 | ||
| Q3 25 | $-0.86 | $-0.03 | ||
| Q2 25 | $-0.64 | $-0.13 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $-0.38 | $-0.13 | ||
| Q3 24 | $-0.29 | $-0.39 | ||
| Q2 24 | $0.08 | $-0.11 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $96.0M |
| Total Assets | $69.5M | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $53.2M | ||
| Q3 25 | $1.9M | $59.0M | ||
| Q2 25 | $2.5M | $57.0M | ||
| Q1 25 | $1.2M | $57.8M | ||
| Q4 24 | $4.6M | $54.6M | ||
| Q3 24 | $3.0M | $69.8M | ||
| Q2 24 | $1.3M | $80.1M | ||
| Q1 24 | $3.3M | $93.9M |
| Q4 25 | $17.3M | $96.0M | ||
| Q3 25 | $19.7M | $119.7M | ||
| Q2 25 | $21.3M | $118.4M | ||
| Q1 25 | $21.8M | $126.1M | ||
| Q4 24 | $22.3M | $127.1M | ||
| Q3 24 | $23.5M | $129.5M | ||
| Q2 24 | $23.8M | $149.1M | ||
| Q1 24 | $23.9M | $154.4M |
| Q4 25 | $69.5M | $139.9M | ||
| Q3 25 | $73.0M | $164.3M | ||
| Q2 25 | $71.7M | $165.0M | ||
| Q1 25 | $68.5M | $158.1M | ||
| Q4 24 | $75.5M | $158.2M | ||
| Q3 24 | $74.7M | $166.3M | ||
| Q2 24 | $69.9M | $182.4M | ||
| Q1 24 | $68.6M | $195.4M |
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 | $8.0M |
| Free Cash FlowOCF − Capex | $2.3M | $8.0M |
| FCF MarginFCF / Revenue | 7.5% | 17.0% |
| Capex IntensityCapex / Revenue | 0.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $8.0M | ||
| Q3 25 | $-1.9M | $9.1M | ||
| Q2 25 | $7.6M | $7.0M | ||
| Q1 25 | $-7.4M | $6.1M | ||
| Q4 24 | $617.4K | $-10.5M | ||
| Q3 24 | $-915.0K | $-7.1M | ||
| Q2 24 | $862.1K | $-8.0M | ||
| Q1 24 | $-8.0M | $-350.0K |
| Q4 25 | $2.3M | $8.0M | ||
| Q3 25 | $-2.1M | $8.7M | ||
| Q2 25 | $7.4M | $6.8M | ||
| Q1 25 | $-7.7M | $6.0M | ||
| Q4 24 | $-214.1K | $-12.4M | ||
| Q3 24 | $-1.1M | $-7.1M | ||
| Q2 24 | $281.5K | $-8.2M | ||
| Q1 24 | $-8.6M | $-447.0K |
| Q4 25 | 7.5% | 17.0% | ||
| Q3 25 | -5.9% | 16.9% | ||
| Q2 25 | 23.8% | 19.0% | ||
| Q1 25 | -23.3% | 19.5% | ||
| Q4 24 | -0.6% | -47.0% | ||
| Q3 24 | -3.0% | -30.0% | ||
| Q2 24 | 1.0% | -28.9% | ||
| Q1 24 | -28.0% | -1.5% |
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.7% | 0.9% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 2.3% | 7.1% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 2.0% | 0.8% | ||
| Q1 24 | 2.0% | 0.3% |
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
