Fgi Industries Ltd Financials
This page shows Fgi Industries Ltd (FGIWW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fgi Industries Ltd has an operating margin of -1.6%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 19/100, suggesting thin profitability after operating expenses. This is down from 2.0% the prior year.
Fgi Industries Ltd's revenue grew 12.4% year-over-year to $131.8M, a solid pace of expansion. This earns a growth score of 54/100.
Fgi Industries Ltd has a moderate D/E ratio of 2.42. This balance of debt and equity financing earns a leverage score of 53/100.
Fgi Industries Ltd's current ratio of 1.24 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.
While Fgi Industries Ltd generated -$7.4M in operating cash flow, capex of $2.2M consumed most of it, leaving -$9.6M in free cash flow. This results in a low score of 7/100, reflecting heavy capital investment rather than weak cash generation.
Fgi Industries Ltd generates a -5.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 3.0% the prior year.
Fgi Industries Ltd passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Fgi Industries Ltd generates $6.16 in operating cash flow (-$7.4M OCF vs -$1.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Fgi Industries Ltd earns $-1.7 in operating income for every $1 of interest expense (-$2.1M vs $1.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Fgi Industries Ltd generated $131.8M in revenue in fiscal year 2024. This represents an increase of 12.4% from the prior year.
Fgi Industries Ltd's EBITDA was $1.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 75.1% from the prior year.
Fgi Industries Ltd reported -$1.2M in net income in fiscal year 2024. This represents a decrease of 263.7% from the prior year.
Fgi Industries Ltd earned $-0.13 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 285.7% from the prior year.
Cash & Balance Sheet
Fgi Industries Ltd generated -$9.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 799.9% from the prior year.
Fgi Industries Ltd held $4.6M in cash against $0 in long-term debt as of fiscal year 2024.
Fgi Industries Ltd had 2M shares outstanding in fiscal year 2024. This represents a decrease of 80.0% from the prior year.
Margins & Returns
Fgi Industries Ltd's gross margin was 26.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Fgi Industries Ltd's operating margin was -1.6% in fiscal year 2024, reflecting core business profitability. This is down 3.6 percentage points from the prior year.
Fgi Industries Ltd's net profit margin was -0.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.
Fgi Industries Ltd's ROE was -5.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.4 percentage points from the prior year.
Capital Allocation
Fgi Industries Ltd invested $1.7M in research and development in fiscal year 2024. This represents an increase of 23.4% from the prior year.
Fgi Industries Ltd invested $2.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 162.5% from the prior year.
FGIWW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.8M+15.6% | $31.0M-6.7% | $33.2M-6.7% | $35.6M-1.4% | $36.1M+22.9% | $29.4M-4.5% | $30.8M-0.7% | $31.0M |
| Cost of Revenue | $26.4M+18.2% | $22.3M-8.3% | $24.3M-9.5% | $26.9M+0.2% | $26.8M+31.3% | $20.4M-8.6% | $22.3M+1.9% | $21.9M |
| Gross Profit | $9.5M+9.1% | $8.7M-2.2% | $8.9M+1.8% | $8.7M-6.1% | $9.3M+3.8% | $9.0M+6.5% | $8.4M-6.9% | $9.0M |
| R&D Expenses | $284K-41.4% | $485K+53.0% | $317K-20.0% | $396K-12.4% | $452K-14.8% | $531K+65.5% | $321K+43.0% | $224K |
| SG&A Expenses | $2.8M-2.1% | $2.8M+5.3% | $2.7M+1.6% | $2.7M+0.8% | $2.6M+0.6% | $2.6M+14.9% | $2.3M+36.0% | $1.7M |
| Operating Income | $370K+144.4% | -$832K+35.0% | -$1.3M-1.5% | -$1.3M-1817.9% | -$66K+85.4% | -$450K-40.3% | -$321K-125.8% | $1.2M |
| Interest Expense | $403K+42.8% | $282K-6.8% | $303K-14.2% | $353K-3.7% | $366K+20.1% | $305K+37.3% | $222K+17.0% | $190K |
| Income Tax | $1.9M+976.0% | -$215K+71.0% | -$740K-37.1% | -$539K-301.6% | $268K+189.7% | -$298K-1438.8% | $22K-94.6% | $412K |
| Net Income | -$1.7M-34.1% | -$1.2M-95.8% | -$629K-56.4% | -$402K+26.9% | -$550K-436.3% | $164K+139.7% | -$412K-176.5% | $539K |
| EPS (Diluted) | $-0.86-34.4% | $-0.64 | $-0.07 | N/A | $-0.29-462.5% | $0.08+300.0% | $-0.04 | N/A |
FGIWW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $73.0M+1.9% | $71.7M+4.7% | $68.5M-9.3% | $75.5M+1.1% | $74.7M+6.8% | $69.9M+1.8% | $68.6M+4.4% | $65.7M |
| Current Assets | $52.7M+7.3% | $49.1M+5.6% | $46.5M-12.0% | $52.9M+1.0% | $52.4M+10.3% | $47.5M-2.2% | $48.6M+5.3% | $46.1M |
| Cash & Equivalents | $1.9M-24.0% | $2.5M+108.3% | $1.2M-73.9% | $4.6M+53.3% | $3.0M+130.8% | $1.3M-60.6% | $3.3M-57.7% | $7.8M |
| Inventory | $12.3M-2.7% | $12.7M+1.0% | $12.6M-10.1% | $14.0M+1.3% | $13.8M+7.7% | $12.8M+10.9% | $11.6M+16.4% | $9.9M |
| Accounts Receivable | $18.1M+15.5% | $15.7M-17.0% | $18.9M-6.7% | $20.3M+6.8% | $19.0M+8.1% | $17.6M+11.7% | $15.7M-2.8% | $16.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $54.6M+6.2% | $51.4M+8.2% | $47.5M-11.8% | $53.9M+4.1% | $51.8M+11.2% | $46.5M+3.3% | $45.0M+8.0% | $41.7M |
| Current Liabilities | $44.2M+8.9% | $40.6M+9.2% | $37.2M-12.5% | $42.5M+7.2% | $39.7M+16.8% | $34.0M+6.9% | $31.8M+13.4% | $28.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $19.7M-7.2% | $21.3M-2.3% | $21.8M-2.1% | $22.3M-5.4% | $23.5M-1.2% | $23.8M-0.2% | $23.9M-1.3% | $24.2M |
| Retained Earnings | -$300K-122.2% | $1.4M-47.7% | $2.6M-19.6% | $3.2M-11.1% | $3.6M-13.2% | $4.2M+4.1% | $4.0M-9.3% | $4.4M |
FGIWW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M-124.6% | $7.6M+202.6% | -$7.4M-1251.3% | $643K+170.2% | -$915K-206.1% | $862K+110.8% | -$8.0M-290.2% | $4.2M |
| Capital Expenditures | $263K+27.5% | $206K-41.1% | $350K-57.9% | $832K+349.9% | $185K-68.2% | $581K-4.7% | $609K+7.7% | $565K |
| Free Cash Flow | -$2.1M-128.8% | $7.4M+195.4% | -$7.7M-4004.7% | -$189K+82.8% | -$1.1M-490.7% | $282K+103.3% | -$8.6M-336.6% | $3.6M |
| Investing Cash Flow | -$263K-45.1% | -$181K+59.8% | -$450K+45.9% | -$832K-349.9% | -$185K+80.5% | -$948K-4.0% | -$911K-3.3% | -$883K |
| Financing Cash Flow | $1.5M+347.6% | -$613K+53.9% | -$1.3M-166.0% | $2.0M-27.8% | $2.8M+259.6% | -$1.8M-139.0% | $4.5M+547.0% | -$1.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FGIWW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.5%-1.6pp | 28.1%+1.3pp | 26.8%+2.2pp | 24.6%-1.2pp | 25.8%-4.7pp | 30.5%+3.2pp | 27.4%-1.8pp | 29.2% |
| Operating Margin | 1.0%+3.7pp | -2.7%+1.2pp | -3.9%-0.3pp | -3.5%-3.4pp | -0.2%+1.4pp | -1.5%-0.5pp | -1.0%-5.1pp | 4.0% |
| Net Margin | -4.6%-0.6pp | -4.0%-2.1pp | -1.9%-0.8pp | -1.1%+0.4pp | -1.5%-2.1pp | 0.6%+1.9pp | -1.3%-3.1pp | 1.7% |
| Return on Equity | -8.4%-2.6pp | -5.8%-2.9pp | -2.9%-1.1pp | -1.8%+0.5pp | -2.3%-3.0pp | 0.7%+2.4pp | -1.7%-4.0pp | 2.2% |
| Return on Assets | -2.3%-0.5pp | -1.7%-0.8pp | -0.9%-0.4pp | -0.5%+0.2pp | -0.7%-1.0pp | 0.2%+0.8pp | -0.6%-1.4pp | 0.8% |
| Current Ratio | 1.19-0.0 | 1.21-0.0 | 1.250.0 | 1.24-0.1 | 1.32-0.1 | 1.40-0.1 | 1.53-0.1 | 1.64 |
| Debt-to-Equity | 2.77+0.3 | 2.42+0.2 | 2.18-0.2 | 2.42+0.2 | 2.20+0.2 | 1.95+0.1 | 1.89+0.2 | 1.73 |
| FCF Margin | -5.9%-29.8pp | 23.8%+47.2pp | -23.3%-22.8pp | -0.5%+2.5pp | -3.0%-4.0pp | 1.0%+28.9pp | -28.0%-39.7pp | 11.7% |
Frequently Asked Questions
What is Fgi Industries Ltd's annual revenue?
Fgi Industries Ltd (FGIWW) reported $131.8M in total revenue for fiscal year 2024. This represents a 12.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fgi Industries Ltd's revenue growing?
Fgi Industries Ltd (FGIWW) revenue grew by 12.4% year-over-year, from $117.2M to $131.8M in fiscal year 2024.
Is Fgi Industries Ltd profitable?
No, Fgi Industries Ltd (FGIWW) reported a net income of -$1.2M in fiscal year 2024, with a net profit margin of -0.9%.
What is Fgi Industries Ltd's EBITDA?
Fgi Industries Ltd (FGIWW) had EBITDA of $1.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Fgi Industries Ltd's gross margin?
Fgi Industries Ltd (FGIWW) had a gross margin of 26.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fgi Industries Ltd's operating margin?
Fgi Industries Ltd (FGIWW) had an operating margin of -1.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Fgi Industries Ltd's net profit margin?
Fgi Industries Ltd (FGIWW) had a net profit margin of -0.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Fgi Industries Ltd's return on equity (ROE)?
Fgi Industries Ltd (FGIWW) has a return on equity of -5.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Fgi Industries Ltd's free cash flow?
Fgi Industries Ltd (FGIWW) generated -$9.6M in free cash flow during fiscal year 2024. This represents a -799.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fgi Industries Ltd's operating cash flow?
Fgi Industries Ltd (FGIWW) generated -$7.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Fgi Industries Ltd's total assets?
Fgi Industries Ltd (FGIWW) had $75.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Fgi Industries Ltd's capital expenditures?
Fgi Industries Ltd (FGIWW) invested $2.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Fgi Industries Ltd spend on research and development?
Fgi Industries Ltd (FGIWW) invested $1.7M in research and development during fiscal year 2024.
What is Fgi Industries Ltd's current ratio?
Fgi Industries Ltd (FGIWW) had a current ratio of 1.24 as of fiscal year 2024, which is considered adequate.
What is Fgi Industries Ltd's debt-to-equity ratio?
Fgi Industries Ltd (FGIWW) had a debt-to-equity ratio of 2.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fgi Industries Ltd's return on assets (ROA)?
Fgi Industries Ltd (FGIWW) had a return on assets of -1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Fgi Industries Ltd's cash runway?
Based on fiscal year 2024 data, Fgi Industries Ltd (FGIWW) had $4.6M in cash against an annual operating cash burn of $7.4M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Fgi Industries Ltd's Piotroski F-Score?
Fgi Industries Ltd (FGIWW) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fgi Industries Ltd's earnings high quality?
Fgi Industries Ltd (FGIWW) has an earnings quality ratio of 6.16x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fgi Industries Ltd cover its interest payments?
Fgi Industries Ltd (FGIWW) has an interest coverage ratio of -1.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fgi Industries Ltd?
Fgi Industries Ltd (FGIWW) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.