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FGI Industries Ltd.（FGI）与Star Holdings（STHO）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Star Holdings的1.2倍（$30.5M vs $25.4M），FGI Industries Ltd.净利率更高（-8.6% vs -75.5%，领先66.8%），FGI Industries Ltd.同比增速更快（-14.4% vs -22.6%），过去两年Star Holdings的营收复合增速更高（-0.2% vs -0.5%）
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。
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
FGI vs STHO — 直观对比
营收规模更大
FGI
是对方的1.2倍
$25.4M
营收增速更快
FGI
高出8.2%
-22.6%
净利率更高
FGI
高出66.8%
-75.5%
两年增速更快
STHO
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $30.5M | $25.4M |
| 净利润 | $-2.6M | $-19.1M |
| 毛利率 | 26.7% | — |
| 营业利润率 | -2.2% | -91.7% |
| 净利率 | -8.6% | -75.5% |
| 营收同比 | -14.4% | -22.6% |
| 净利润同比 | -553.1% | 81.3% |
| 每股收益（稀释后） | $-1.63 | $-1.52 |
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FGISTHO
| Q4 25 | $30.5M | $25.4M | ||
| Q3 25 | $35.8M | $28.1M | ||
| Q2 25 | $31.0M | $42.1M | ||
| Q1 25 | $33.2M | $14.6M | ||
| Q4 24 | $35.6M | $32.8M | ||
| Q3 24 | $36.1M | $24.6M | ||
| Q2 24 | $29.4M | $30.6M | ||
| Q1 24 | $30.8M | $25.4M |
净利润FGISTHO
| Q4 25 | $-2.6M | $-19.1M | ||
| Q3 25 | $-1.7M | $1.8M | ||
| Q2 25 | $-1.2M | $-39.3M | ||
| Q1 25 | $-629.1K | $-7.6M | ||
| Q4 24 | $-402.3K | $-102.6M | ||
| Q3 24 | $-550.1K | $91.9M | ||
| Q2 24 | $163.6K | $-27.1M | ||
| Q1 24 | $-412.2K | $-49.0M |
毛利率FGISTHO
| 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FGISTHO
| Q4 25 | -2.2% | -91.7% | ||
| Q3 25 | 1.0% | 1.0% | ||
| Q2 25 | -2.7% | -94.5% | ||
| Q1 25 | -3.9% | -55.0% | ||
| Q4 24 | -3.5% | -314.1% | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | -1.5% | -91.5% | ||
| Q1 24 | -1.0% | -192.6% |
净利率FGISTHO
| Q4 25 | -8.6% | -75.5% | ||
| Q3 25 | -4.6% | 6.4% | ||
| Q2 25 | -4.0% | -93.5% | ||
| Q1 25 | -1.9% | -52.0% | ||
| Q4 24 | -1.1% | -313.1% | ||
| Q3 24 | -1.5% | 374.3% | ||
| Q2 24 | 0.6% | -88.8% | ||
| Q1 24 | -1.3% | -192.6% |
每股收益（稀释后）FGISTHO
| Q4 25 | $-1.63 | $-1.52 | ||
| Q3 25 | $-0.86 | $0.14 | ||
| Q2 25 | $-0.64 | $-2.95 | ||
| Q1 25 | $-0.07 | $-0.57 | ||
| Q4 24 | $-0.38 | $-7.69 | ||
| Q3 24 | $-0.29 | $6.90 | ||
| Q2 24 | $0.08 | $-2.04 | ||
| Q1 24 | $-0.04 | $-3.68 |
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 | $50.1M |
| 总债务越低越好 | — | $268.7M |
| 股东权益账面价值 | $17.3M | $251.8M |
| 总资产 | $69.5M | $570.2M |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资FGISTHO
| Q4 25 | $1.9M | $50.1M | ||
| Q3 25 | $1.9M | $40.6M | ||
| Q2 25 | $2.5M | $44.2M | ||
| Q1 25 | $1.2M | $30.3M | ||
| Q4 24 | $4.6M | $35.0M | ||
| Q3 24 | $3.0M | $45.0M | ||
| Q2 24 | $1.3M | $48.3M | ||
| Q1 24 | $3.3M | $45.7M |
总债务FGISTHO
| Q4 25 | — | $268.7M | ||
| Q3 25 | — | $259.3M | ||
| Q2 25 | — | $245.4M | ||
| Q1 25 | — | $231.5M | ||
| Q4 24 | — | $217.3M | ||
| Q3 24 | — | $201.2M | ||
| Q2 24 | — | $197.2M | ||
| Q1 24 | — | $195.0M |
股东权益FGISTHO
| Q4 25 | $17.3M | $251.8M | ||
| Q3 25 | $19.7M | $275.4M | ||
| Q2 25 | $21.3M | $276.1M | ||
| Q1 25 | $21.8M | $316.1M | ||
| Q4 24 | $22.3M | $324.3M | ||
| Q3 24 | $23.5M | $427.5M | ||
| Q2 24 | $23.8M | $335.3M | ||
| Q1 24 | $23.9M | $362.4M |
总资产FGISTHO
| Q4 25 | $69.5M | $570.2M | ||
| Q3 25 | $73.0M | $595.9M | ||
| Q2 25 | $71.7M | $589.9M | ||
| Q1 25 | $68.5M | $618.2M | ||
| Q4 24 | $75.5M | $608.7M | ||
| Q3 24 | $74.7M | $696.5M | ||
| Q2 24 | $69.9M | $601.0M | ||
| Q1 24 | $68.6M | $622.9M |
负债/权益比FGISTHO
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.54× |
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 | $-11.7M |
| 自由现金流经营现金流 - 资本支出 | $2.3M | — |
| 自由现金流率自由现金流/营收 | 7.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FGISTHO
| Q4 25 | $2.3M | $-11.7M | ||
| Q3 25 | $-1.9M | $5.3M | ||
| Q2 25 | $7.6M | $-2.6M | ||
| Q1 25 | $-7.4M | $-6.3M | ||
| Q4 24 | $617.4K | $-31.3M | ||
| Q3 24 | $-915.0K | $-3.8M | ||
| Q2 24 | $862.1K | $-6.4M | ||
| Q1 24 | $-8.0M | $-14.2M |
自由现金流FGISTHO
| Q4 25 | $2.3M | — | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $7.4M | — | ||
| Q1 25 | $-7.7M | — | ||
| Q4 24 | $-214.1K | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $281.5K | — | ||
| Q1 24 | $-8.6M | — |
自由现金流率FGISTHO
| Q4 25 | 7.5% | — | ||
| Q3 25 | -5.9% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -28.0% | — |
资本支出强度FGISTHO
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.0% | — |
现金转化率FGISTHO
| Q4 25 | — | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.04× | ||
| Q2 24 | 5.27× | — | ||
| Q1 24 | — | — |
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% |
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Other | $1.2M | 5% |
