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FGI Industries Ltd.（FGI）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
FGI Industries Ltd.的季度营收约是FiscalNote Holdings, Inc.的1.4倍（$30.5M vs $22.2M），FGI Industries Ltd.同比增速更快（-14.4% vs -24.7%），FGI Industries Ltd.自由现金流更多（$2.3M vs $-1.9M），过去两年FGI Industries Ltd.的营收复合增速更高（-0.5% vs -16.8%）
FGI Industries Ltd是一家全球厨卫产品、家居收纳解决方案及家装用品的设计、制造与分销商，服务覆盖北美、欧洲及亚太地区的大型连锁零售商、家居专营店和电商平台。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
FGI vs NOTE — 直观对比
营收规模更大
FGI
是对方的1.4倍
$22.2M
营收增速更快
FGI
高出10.3%
-24.7%
自由现金流更多
FGI
多$4.2M
$-1.9M
两年增速更快
FGI
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $30.5M | $22.2M |
| 净利润 | $-2.6M | — |
| 毛利率 | 26.7% | — |
| 营业利润率 | -2.2% | -83.7% |
| 净利率 | -8.6% | — |
| 营收同比 | -14.4% | -24.7% |
| 净利润同比 | -553.1% | — |
| 每股收益（稀释后） | $-1.63 | $-2.81 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FGINOTE
| Q4 25 | $30.5M | $22.2M | ||
| Q3 25 | $35.8M | $22.4M | ||
| Q2 25 | $31.0M | $23.3M | ||
| Q1 25 | $33.2M | $27.5M | ||
| Q4 24 | $35.6M | $29.5M | ||
| Q3 24 | $36.1M | $29.4M | ||
| Q2 24 | $29.4M | $29.2M | ||
| Q1 24 | $30.8M | $32.1M |
净利润FGINOTE
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-1.7M | $-24.9M | ||
| Q2 25 | $-1.2M | $-13.3M | ||
| Q1 25 | $-629.1K | $-4.3M | ||
| Q4 24 | $-402.3K | — | ||
| Q3 24 | $-550.1K | $-14.9M | ||
| Q2 24 | $163.6K | $-12.8M | ||
| Q1 24 | $-412.2K | $50.6M |
毛利率FGINOTE
| 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 24 | 27.4% | — |
营业利润率FGINOTE
| Q4 25 | -2.2% | -83.7% | ||
| Q3 25 | 1.0% | -43.4% | ||
| Q2 25 | -2.7% | -31.9% | ||
| Q1 25 | -3.9% | -50.0% | ||
| Q4 24 | -3.5% | -19.4% | ||
| Q3 24 | -0.2% | -23.1% | ||
| Q2 24 | -1.5% | -27.2% | ||
| Q1 24 | -1.0% | -35.6% |
净利率FGINOTE
| Q4 25 | -8.6% | — | ||
| Q3 25 | -4.6% | -110.8% | ||
| Q2 25 | -4.0% | -57.0% | ||
| Q1 25 | -1.9% | -15.4% | ||
| Q4 24 | -1.1% | — | ||
| Q3 24 | -1.5% | -50.7% | ||
| Q2 24 | 0.6% | -43.6% | ||
| Q1 24 | -1.3% | 157.6% |
每股收益（稀释后）FGINOTE
| Q4 25 | $-1.63 | $-2.81 | ||
| Q3 25 | $-0.86 | $-1.73 | ||
| Q2 25 | $-0.64 | $-0.08 | ||
| Q1 25 | $-0.07 | $-0.03 | ||
| Q4 24 | $-0.38 | $1.88 | ||
| Q3 24 | $-0.29 | $-1.33 | ||
| Q2 24 | $0.08 | $-0.09 | ||
| Q1 24 | $-0.04 | $0.37 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.9M | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $17.3M | $62.0M |
| 总资产 | $69.5M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资FGINOTE
| Q4 25 | $1.9M | $26.3M | ||
| Q3 25 | $1.9M | $31.2M | ||
| Q2 25 | $2.5M | $38.5M | ||
| Q1 25 | $1.2M | $46.3M | ||
| Q4 24 | $4.6M | $34.6M | ||
| Q3 24 | $3.0M | $32.7M | ||
| Q2 24 | $1.3M | $37.7M | ||
| Q1 24 | $3.3M | $43.6M |
总债务FGINOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $147.1M | ||
| Q3 24 | — | $152.2M | ||
| Q2 24 | — | $145.9M | ||
| Q1 24 | — | $153.0M |
股东权益FGINOTE
| Q4 25 | $17.3M | $62.0M | ||
| Q3 25 | $19.7M | $75.5M | ||
| Q2 25 | $21.3M | $95.1M | ||
| Q1 25 | $21.8M | $98.7M | ||
| Q4 24 | $22.3M | $97.8M | ||
| Q3 24 | $23.5M | $98.5M | ||
| Q2 24 | $23.8M | $106.9M | ||
| Q1 24 | $23.9M | $106.1M |
总资产FGINOTE
| Q4 25 | $69.5M | $255.1M | ||
| Q3 25 | $73.0M | $273.9M | ||
| Q2 25 | $71.7M | $288.3M | ||
| Q1 25 | $68.5M | $299.7M | ||
| Q4 24 | $75.5M | $326.2M | ||
| Q3 24 | $74.7M | $337.9M | ||
| Q2 24 | $69.9M | $346.3M | ||
| Q1 24 | $68.6M | $357.8M |
负债/权益比FGINOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.44× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.3M | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $2.3M | $-1.9M |
| 自由现金流率自由现金流/营收 | 7.5% | -8.7% |
| 资本支出强度资本支出/营收 | 0.2% | 7.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-212.5K | $-18.6M |
8季度趋势，按日历期对齐
经营现金流FGINOTE
| Q4 25 | $2.3M | $-279.0K | ||
| Q3 25 | $-1.9M | $-8.3M | ||
| Q2 25 | $7.6M | $-6.2M | ||
| Q1 25 | $-7.4M | $3.3M | ||
| Q4 24 | $617.4K | $-1.3M | ||
| Q3 24 | $-915.0K | $-3.0M | ||
| Q2 24 | $862.1K | $-3.7M | ||
| Q1 24 | $-8.0M | $2.7M |
自由现金流FGINOTE
| Q4 25 | $2.3M | $-1.9M | ||
| Q3 25 | $-2.1M | $-10.4M | ||
| Q2 25 | $7.4M | $-7.7M | ||
| Q1 25 | $-7.7M | $1.3M | ||
| Q4 24 | $-214.1K | $-3.4M | ||
| Q3 24 | $-1.1M | $-5.4M | ||
| Q2 24 | $281.5K | $-6.5M | ||
| Q1 24 | $-8.6M | $1.0M |
自由现金流率FGINOTE
| Q4 25 | 7.5% | -8.7% | ||
| Q3 25 | -5.9% | -46.2% | ||
| Q2 25 | 23.8% | -33.0% | ||
| Q1 25 | -23.3% | 4.7% | ||
| Q4 24 | -0.6% | -11.4% | ||
| Q3 24 | -3.0% | -18.4% | ||
| Q2 24 | 1.0% | -22.1% | ||
| Q1 24 | -28.0% | 3.3% |
资本支出强度FGINOTE
| Q4 25 | 0.2% | 7.4% | ||
| Q3 25 | 0.7% | 9.3% | ||
| Q2 25 | 0.7% | 6.4% | ||
| Q1 25 | 1.1% | 7.2% | ||
| Q4 24 | 2.3% | 6.8% | ||
| Q3 24 | 0.5% | 8.3% | ||
| Q2 24 | 2.0% | 9.4% | ||
| Q1 24 | 2.0% | 5.3% |
现金转化率FGINOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | 0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
