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Side-by-side financial comparison of Founder Group Ltd (FGL) and MultiSensor AI Holdings, Inc. (MSAI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

MultiSensor AI Holdings, Inc. is the larger business by last-quarter revenue ($1.4M vs $18, roughly 77111.1× Founder Group Ltd). MultiSensor AI Holdings, Inc. runs the higher net margin — -9510122.2% vs -164.1%, a 9509958.1% gap on every dollar of revenue.

Founder Group (方正集团) is a major Chinese technology conglomerate that deals with information technology, pharmaceuticals, real estate, finance, and commodities trading. It is divided into five major industry groups, each covering a separate industry: PKU Founder IT Group (IT), PKU Healthcare Group, PKU Resource Group, Founder Financial (finance), and Founder Commodities. The group has been coping with bankruptcy since 2020, when the Beijing No.1 Intermediate People's Court announced the recogn...

Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.

FGL vs MSAI — Head-to-Head

Bigger by revenue
MSAI
MSAI
77111.1× larger
MSAI
$1.4M
$18
FGL
Higher net margin
MSAI
MSAI
9509958.1% more per $
MSAI
-164.1%
-9510122.2%
FGL

Income Statement — Q2 2025 vs Q4 2025

Metric
FGL
FGL
MSAI
MSAI
Revenue
$18
$1.4M
Net Profit
$-1.7M
$-2.3M
Gross Margin
Operating Margin
-5234838.9%
-171.6%
Net Margin
-9510122.2%
-164.1%
Revenue YoY
-0.9%
Net Profit YoY
23.7%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
FGL
FGL
MSAI
MSAI
Q4 25
$1.4M
Q3 25
$1.6M
Q2 25
$18
$1.4M
Q1 25
$1.2M
Q4 24
$1.4M
Q3 24
$1.6M
Q2 24
$2.1M
Q1 24
$2.3M
Net Profit
FGL
FGL
MSAI
MSAI
Q4 25
$-2.3M
Q3 25
$-1.7M
Q2 25
$-1.7M
$-3.3M
Q1 25
$-4.4M
Q4 24
$-3.0M
Q3 24
$-8.2M
Q2 24
$-6.4M
Q1 24
$-3.9M
Operating Margin
FGL
FGL
MSAI
MSAI
Q4 25
-171.6%
Q3 25
-107.6%
Q2 25
-5234838.9%
-233.8%
Q1 25
-394.6%
Q4 24
-199.6%
Q3 24
-541.5%
Q2 24
-228.1%
Q1 24
-112.7%
Net Margin
FGL
FGL
MSAI
MSAI
Q4 25
-164.1%
Q3 25
-106.5%
Q2 25
-9510122.2%
-234.1%
Q1 25
-379.1%
Q4 24
-213.2%
Q3 24
-511.5%
Q2 24
-300.8%
Q1 24
-172.4%
EPS (diluted)
FGL
FGL
MSAI
MSAI
Q4 25
$-0.02
Q3 25
$-0.05
Q2 25
$-0.10
Q1 25
$-0.14
Q4 24
$0.07
Q3 24
$-0.34
Q2 24
$-0.47
Q1 24
$-0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
FGL
FGL
MSAI
MSAI
Cash + ST InvestmentsLiquidity on hand
$24.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
$32.0M
Total Assets
$29.0M
$35.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
FGL
FGL
MSAI
MSAI
Q4 25
$24.4M
Q3 25
$1.1M
Q2 25
$3.2M
Q1 25
$4.7M
Q4 24
$4.4M
Q3 24
$8.6M
Q2 24
$234.0K
Q1 24
$491.0K
Total Debt
FGL
FGL
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
Q1 24
$2.8M
Stockholders' Equity
FGL
FGL
MSAI
MSAI
Q4 25
$32.0M
Q3 25
$8.3M
Q2 25
$4.1M
$9.8M
Q1 25
$12.9M
Q4 24
$12.3M
Q3 24
$15.6M
Q2 24
$1.6M
Q1 24
$1.4M
Total Assets
FGL
FGL
MSAI
MSAI
Q4 25
$35.5M
Q3 25
$11.9M
Q2 25
$29.0M
$14.6M
Q1 25
$16.4M
Q4 24
$15.5M
Q3 24
$18.9M
Q2 24
$16.4M
Q1 24
$14.1M
Debt / Equity
FGL
FGL
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
Q1 24
2.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
FGL
FGL
MSAI
MSAI
Operating Cash FlowLast quarter
$-2.2M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-187.3%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
26.2%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
FGL
FGL
MSAI
MSAI
Q4 25
$-2.2M
Q3 25
$-1.8M
Q2 25
$-804.0K
Q1 25
$-3.2M
Q4 24
$-3.1M
Q3 24
$-12.7M
Q2 24
$-303.0K
Q1 24
$492.0K
Free Cash Flow
FGL
FGL
MSAI
MSAI
Q4 25
$-2.6M
Q3 25
$-2.1M
Q2 25
$-1.3M
Q1 25
$-3.6M
Q4 24
$-4.1M
Q3 24
$-13.2M
Q2 24
$-844.0K
Q1 24
$-79.0K
FCF Margin
FGL
FGL
MSAI
MSAI
Q4 25
-187.3%
Q3 25
-136.1%
Q2 25
-91.5%
Q1 25
-308.6%
Q4 24
-294.6%
Q3 24
-823.2%
Q2 24
-39.7%
Q1 24
-3.5%
Capex Intensity
FGL
FGL
MSAI
MSAI
Q4 25
26.2%
Q3 25
21.5%
Q2 25
34.8%
Q1 25
37.2%
Q4 24
76.2%
Q3 24
30.5%
Q2 24
25.5%
Q1 24
25.1%

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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