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Side-by-side financial comparison of FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI) and GOLDEN HEAVEN GROUP HOLDINGS LTD. (GDHG). Click either name above to swap in a different company.

GOLDEN HEAVEN GROUP HOLDINGS LTD. is the larger business by last-quarter revenue ($15.3M vs $9.1M, roughly 1.7× FLEXIBLE SOLUTIONS INTERNATIONAL INC). FLEXIBLE SOLUTIONS INTERNATIONAL INC runs the higher net margin — -5.1% vs -56.2%, a 51.2% gap on every dollar of revenue.

Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.

Golden Heaven Group Holdings Ltd. operates large-scale amusement parks, cultural tourism complexes and family-focused leisure venues primarily across mainland China. Its core services include thrill rides, themed entertainment zones, cultural experience activities, plus supporting catering and retail offerings, catering to leisure demands of consumers across all age groups.

FSI vs GDHG — Head-to-Head

Bigger by revenue
GDHG
GDHG
1.7× larger
GDHG
$15.3M
$9.1M
FSI
Higher net margin
FSI
FSI
51.2% more per $
FSI
-5.1%
-56.2%
GDHG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSI
FSI
GDHG
GDHG
Revenue
$9.1M
$15.3M
Net Profit
$-460.9K
$-8.6M
Gross Margin
29.4%
50.2%
Operating Margin
11.6%
-44.5%
Net Margin
-5.1%
-56.2%
Revenue YoY
-0.5%
Net Profit YoY
-167.8%
EPS (diluted)
$-0.03
$-10.83

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
FSI
FSI
GDHG
GDHG
Q4 25
$9.1M
Q3 25
$10.6M
$15.3M
Q2 25
$11.4M
Q1 25
$7.5M
$13.8M
Q4 24
$9.2M
Q3 24
$9.3M
Q2 24
$10.5M
Q1 24
$9.2M
$13.8M
Net Profit
FSI
FSI
GDHG
GDHG
Q4 25
$-460.9K
Q3 25
$-503.4K
$-8.6M
Q2 25
$2.0M
Q1 25
$-277.7K
Q4 24
$679.6K
Q3 24
$611.9K
Q2 24
$1.3M
Q1 24
$457.2K
$2.5M
Gross Margin
FSI
FSI
GDHG
GDHG
Q4 25
29.4%
Q3 25
23.9%
50.2%
Q2 25
47.4%
Q1 25
26.1%
52.0%
Q4 24
29.2%
Q3 24
40.9%
Q2 24
37.4%
Q1 24
30.6%
52.0%
Operating Margin
FSI
FSI
GDHG
GDHG
Q4 25
11.6%
Q3 25
2.9%
-44.5%
Q2 25
29.0%
Q1 25
-0.9%
Q4 24
9.4%
Q3 24
20.5%
Q2 24
18.7%
Q1 24
8.3%
25.5%
Net Margin
FSI
FSI
GDHG
GDHG
Q4 25
-5.1%
Q3 25
-4.8%
-56.2%
Q2 25
17.8%
Q1 25
-3.7%
Q4 24
7.4%
Q3 24
6.6%
Q2 24
12.3%
Q1 24
5.0%
18.4%
EPS (diluted)
FSI
FSI
GDHG
GDHG
Q4 25
$-0.03
Q3 25
$-0.04
$-10.83
Q2 25
$0.15
Q1 25
$-0.02
Q4 24
$0.05
Q3 24
$0.05
Q2 24
$0.10
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
FSI
FSI
GDHG
GDHG
Cash + ST InvestmentsLiquidity on hand
$86.0M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$38.9M
$180.7M
Total Assets
$61.8M
$191.4M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSI
FSI
GDHG
GDHG
Q4 25
Q3 25
$86.0M
Q2 25
$10.0M
Q1 25
$11.0M
$19.8M
Q4 24
$10.0M
Q3 24
$13.0M
Q2 24
$9.2M
Q1 24
$8.3M
$129.4K
Total Debt
FSI
FSI
GDHG
GDHG
Q4 25
$4.4M
Q3 25
$7.1M
Q2 25
$7.5M
Q1 25
$8.1M
Q4 24
$8.8M
Q3 24
$9.4M
Q2 24
$8.3M
Q1 24
$8.0M
Stockholders' Equity
FSI
FSI
GDHG
GDHG
Q4 25
$38.9M
Q3 25
$39.0M
$180.7M
Q2 25
$39.4M
Q1 25
$38.4M
$83.7M
Q4 24
$38.0M
Q3 24
$36.9M
Q2 24
$36.2M
Q1 24
$36.0M
$64.3M
Total Assets
FSI
FSI
GDHG
GDHG
Q4 25
$61.8M
Q3 25
$58.4M
$191.4M
Q2 25
$58.2M
Q1 25
$61.7M
$98.6M
Q4 24
$60.0M
Q3 24
$57.8M
Q2 24
$56.3M
Q1 24
$57.6M
$82.9M
Debt / Equity
FSI
FSI
GDHG
GDHG
Q4 25
0.11×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.23×
Q3 24
0.25×
Q2 24
0.23×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
FSI
FSI
GDHG
GDHG
Operating Cash FlowLast quarter
$-3.0M
$19.0M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-44.3%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-591.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSI
FSI
GDHG
GDHG
Q4 25
$-3.0M
Q3 25
$2.0M
$19.0M
Q2 25
$5.3M
Q1 25
$-544.3K
Q4 24
$-2.2M
Q3 24
$2.5M
Q2 24
$5.9M
Q1 24
$-604.8K
$-911.6K
Free Cash Flow
FSI
FSI
GDHG
GDHG
Q4 25
$-4.0M
Q3 25
$39.4K
Q2 25
$4.3M
Q1 25
$-898.4K
Q4 24
$-4.3M
Q3 24
$1.3M
Q2 24
$4.7M
Q1 24
$-1.1M
$-924.9K
FCF Margin
FSI
FSI
GDHG
GDHG
Q4 25
-44.3%
Q3 25
0.4%
Q2 25
37.9%
Q1 25
-12.0%
Q4 24
-47.0%
Q3 24
13.6%
Q2 24
44.9%
Q1 24
-11.7%
-6.7%
Capex Intensity
FSI
FSI
GDHG
GDHG
Q4 25
11.7%
Q3 25
18.7%
Q2 25
8.6%
Q1 25
4.7%
Q4 24
22.8%
Q3 24
13.0%
Q2 24
11.3%
Q1 24
5.2%
0.1%
Cash Conversion
FSI
FSI
GDHG
GDHG
Q4 25
Q3 25
Q2 25
2.60×
Q1 25
Q4 24
-3.27×
Q3 24
4.05×
Q2 24
4.59×
Q1 24
-1.32×
-0.36×

Financial Flow Comparison

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

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