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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $17.3M, roughly 1.8× Valens Semiconductor Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -42.2%, a 33.6% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-4.9M).
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.
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
FGI vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $17.3M |
| Net Profit | $-2.6M | $-7.3M |
| Gross Margin | 26.7% | 63.0% |
| Operating Margin | -2.2% | -46.4% |
| Net Margin | -8.6% | -42.2% |
| Revenue YoY | -14.4% | 8.1% |
| Net Profit YoY | -553.1% | 29.3% |
| EPS (diluted) | $-1.63 | $-0.07 |
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 | — | ||
| Q3 25 | $35.8M | $17.3M | ||
| Q2 25 | $31.0M | $17.1M | ||
| Q1 25 | $33.2M | $16.8M | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $36.1M | $16.0M | ||
| Q2 24 | $29.4M | $13.6M | ||
| Q1 24 | $30.8M | — |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $-7.3M | ||
| Q2 25 | $-1.2M | $-7.2M | ||
| Q1 25 | $-629.1K | $-8.3M | ||
| Q4 24 | $-402.3K | — | ||
| Q3 24 | $-550.1K | $-10.4M | ||
| Q2 24 | $163.6K | $-8.9M | ||
| Q1 24 | $-412.2K | — |
| Q4 25 | 26.7% | — | ||
| Q3 25 | 26.5% | 63.0% | ||
| Q2 25 | 28.1% | 63.5% | ||
| Q1 25 | 26.8% | 62.9% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.8% | 56.4% | ||
| Q2 24 | 30.5% | 61.4% | ||
| Q1 24 | 27.4% | — |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 1.0% | -46.4% | ||
| Q2 25 | -2.7% | -43.3% | ||
| Q1 25 | -3.9% | -56.2% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -0.2% | -76.3% | ||
| Q2 24 | -1.5% | -69.2% | ||
| Q1 24 | -1.0% | — |
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | -42.2% | ||
| Q2 25 | -4.0% | -42.1% | ||
| Q1 25 | -1.9% | -49.4% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -1.5% | -64.6% | ||
| Q2 24 | 0.6% | -65.2% | ||
| Q1 24 | -1.3% | — |
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.86 | $-0.07 | ||
| Q2 25 | $-0.64 | $-0.07 | ||
| Q1 25 | $-0.07 | $-0.08 | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $-0.29 | $-0.10 | ||
| Q2 24 | $0.08 | $-0.08 | ||
| Q1 24 | $-0.04 | — |
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 | $93.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $108.8M |
| Total Assets | $69.5M | $136.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | — | ||
| Q3 25 | $1.9M | $93.5M | ||
| Q2 25 | $2.5M | $102.7M | ||
| Q1 25 | $1.2M | $112.5M | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $3.0M | $133.1M | ||
| Q2 24 | $1.3M | $105.9M | ||
| Q1 24 | $3.3M | — |
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | $108.8M | ||
| Q2 25 | $21.3M | $116.5M | ||
| Q1 25 | $21.8M | $128.6M | ||
| Q4 24 | $22.3M | — | ||
| Q3 24 | $23.5M | $147.0M | ||
| Q2 24 | $23.8M | $153.5M | ||
| Q1 24 | $23.9M | — |
| Q4 25 | $69.5M | — | ||
| Q3 25 | $73.0M | $136.7M | ||
| Q2 25 | $71.7M | $144.8M | ||
| Q1 25 | $68.5M | $154.6M | ||
| Q4 24 | $75.5M | — | ||
| Q3 24 | $74.7M | $171.9M | ||
| Q2 24 | $69.9M | $175.8M | ||
| Q1 24 | $68.6M | — |
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 | $-4.7M |
| Free Cash FlowOCF − Capex | $2.3M | $-4.9M |
| FCF MarginFCF / Revenue | 7.5% | -28.5% |
| Capex IntensityCapex / Revenue | 0.2% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-1.9M | $-4.7M | ||
| Q2 25 | $7.6M | $-211.0K | ||
| Q1 25 | $-7.4M | $-7.6M | ||
| Q4 24 | $617.4K | — | ||
| Q3 24 | $-915.0K | $3.0M | ||
| Q2 24 | $862.1K | $-225.0K | ||
| Q1 24 | $-8.0M | — |
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-2.1M | $-4.9M | ||
| Q2 25 | $7.4M | $-330.0K | ||
| Q1 25 | $-7.7M | $-8.0M | ||
| Q4 24 | $-214.1K | — | ||
| Q3 24 | $-1.1M | $2.2M | ||
| Q2 24 | $281.5K | $-460.0K | ||
| Q1 24 | $-8.6M | — |
| Q4 25 | 7.5% | — | ||
| Q3 25 | -5.9% | -28.5% | ||
| Q2 25 | 23.8% | -1.9% | ||
| Q1 25 | -23.3% | -47.3% | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | -3.0% | 14.0% | ||
| Q2 24 | 1.0% | -3.4% | ||
| Q1 24 | -28.0% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | 1.6% | ||
| Q2 25 | 0.7% | 0.7% | ||
| Q1 25 | 1.1% | 2.1% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | 4.5% | ||
| Q2 24 | 2.0% | 1.7% | ||
| Q1 24 | 2.0% | — |
| 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% |
VLN
Segment breakdown not available.
