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FGI Industries Ltd. (FGI) stock

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NASDAQ: FGI Nasdaq Building Products Next results ~November 12, 2026

C Fundamentals grade

FGI Industries Ltd. is a US-listed company in the building products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: free cash flow after stock pay is not positive.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

FGI Industries Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds2 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter FGI Industries files

Where FGI Industries stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $129m, down 5.3% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 1.4% from -1.2% a year earlier. Operating margin widened to 0.3% from -2.5%. It passes 2 of our 3 financial-health checks.

Our model value for FGI Industries is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

FGI Industries Ltd.'s trailing-twelve-month revenue fell 5.3% year on year, with a free-cash-flow margin of 1.4%. Where it stands out: stock pay as % of revenue of 0.1% ranks 1 of 41 building products companies we cover. Where it lags: revenue growth of -5.3% ranks 37 of 46 building products companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 40% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in FGI Industries Ltd.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 13 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 5.3% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 203% and a beta of 2.0 against the S&P 500.
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 1.4% ranks 36 of 46 building products companies we cover (median 9.1%).
  • Below peers: operating margin. Operating margin of 0.3% ranks 34 of 45 building products companies we cover (median 7.2%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 14, 2026
Earnings per share
$0.60 against an average estimate of $0.43: beat by 40.0%
Revenue
$32m, up 2.9% on a year earlier
Share reaction
+157.6% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Guidance given
total net revenue $134m to $141m (fiscal 2026); total adjusted operating income $0.7m to $2.5m (fiscal 2026)
Next report
November 12, 2026; average EPS estimate -$0.03

FGI Industries' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.9%
  • 1 week+3.9%
  • 1 month-2.0%
  • This year+33.4%
  • 1 year+40.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$129M
Operating margin
0.3%
Net margin
-3.1%
EPS (TTM, diluted)
$-2.04

Growth

Revenue growth
−5.3%
Change in growth rate
−0.5 pts

Cash

Free cash flow (TTM)
$1.8M
FCF margin
1.4%
Stock pay % of revenue
0.1%

Earnings

Last results
August 12, 2026
Next results (est.)
November 13, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

FGI Industries Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value FGI Industries Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$69 ~$69–$87 Left out: out of range vs price (9.02x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.1 ~$0.6–$2.0 Left out: out of range vs price (0.15x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$39 ~$49–$200 Left out: out of range vs price (5.08x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare FGI Industries Ltd. with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$10.75$8.20$3.88$5.70$7.61
Market value$20m$16m$7m$11m$15m
+ Net debt (− = net cash)−$304948−$840825$10m$10m$9m
Enterprise value$20m$15m$17m$21m$23m
Multiples
Price / sales 0.1x0.1x0.1x0.1x0.1x
Price / earnings 5.5x22.0x———
Price / free cash flow —11.7x——8.2x
EV / EBITDA 3.7x3.5x——20.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

9 /100

Weak moat

How hard FGI Industries's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.0% of total assets over 5 years.

  • Pricing power 7 / 20

    Gross margin has been a median 26.2%, moving by 4.5 percentage points (standard deviation) across 5 years.

  • Durability 0 / 20

    Operating margin has been a median 0.8%; its worst year was -2.5%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (14 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close. Analysts expect revenue of $37m and EPS of −$0.03 (range −$0.03 to −$0.03) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.20 +115% $135m +4%
Next $0.40 +100% $142m +5%

Next year's EPS estimate has moved 0.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −300.0% on 90 days ago. In the last 30 days, 1 analyst raised FGI Industries Ltd.'s forecast and 0 cut it.

Consensus EPS forecast FGI Industries Ltd., last 90 days
−$0.20 $0.00 $0.20 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.10 Current fiscal year, 60 days ago: $0.10 Current fiscal year, 30 days ago: $0.10 Current fiscal year, 7 days ago: $0.10 Current fiscal year, Now: $0.20 $0.20 Next fiscal year, 90 days ago: $0.40 Next fiscal year, 60 days ago: $0.40 Next fiscal year, 30 days ago: $0.40 Next fiscal year, 7 days ago: $0.40 Next fiscal year, Now: $0.40 $0.40

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.10$0.40
60 days ago $0.10$0.40
30 days ago $0.10$0.40
7 days ago $0.10$0.40
Now $0.20$0.40

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.43 $0.60 +40.0%
Mar 2026 −$0.60 −$0.39 +35.5%
Dec 2025 −$0.02 −$0.29 −1364.0%
Sept 2025 $0.59 $0.13 −78.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026
  • Total net revenue fiscal 2026 $134m to $141m Maintained
    “Total net revenue of $134-141 million” source
  • Total adjusted operating income fiscal 2026 $0.7m to $2.5m Non-GAAP Maintained
    “Total adjusted operating income of $0.7-2.5 million” source
  • Total adjusted net income fiscal 2026 $-0.3m to $1.1m Non-GAAP Maintained
    “Total adjusted net income of $(0.3)-1.1 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622

Counts of recommendations published by analysts covering FGI Industries Ltd., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
0.75
at average volume
Short interest, 1 month
−48%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
72.9%
of shares
Employees
426
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +40.1%

$5.43 on October 31, 2025 to $7.61

ThenNowEffect
Revenue (last 12 months) $136m $129m −5.3%
P/S multiple 0.1x 0.1x +49.4%
Share count 2m 2m −1.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +2.1%

$7.45 on November 3, 2023 to $7.61

ThenNowEffect
Revenue (last 12 months) $127m $129m +1.6%
P/S multiple 0.1x 0.1x −3.3%
Share count 2m 2m +3.9%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 2023202420252026 to date
Return
FGI−24%−53%+47%+33%
Industry peers (median)+45%+12%−12%+4%
S&P 500+26%+25%+18%+11%
Months that ended higher
FGI33%33%50%55%
S&P 50067%75%75%46%
Largest fall from a high during the year
FGI−48%−59%−50%−66%
S&P 500−10%−8%−19%−9%

Worst fall since January 25, 2022: 90% from January 31, 2022 to April 14, 2025. Getting back needed a 913% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.38 – $11.72
From 52-week high
−35.1%
vs 50-day average
−2.2%
vs 200-day average
+26.2%
Volatility (1 year)
203%
Beta vs S&P 500
2.03

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±21.8%
After a week
5 up, 7 down
typical move ±17.2%
After a month
4 up, 8 down
typical move ±25.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 +157.6% +0.9% +93.8% +82.6%
May 14, 2026 −23.5% −0.4% −6.0% −17.5%
April 9, 2026 −9.6% +0.5% +19.2% +57.6%
November 14, 2025 +6.6% −0.9% +4.0% +21.9%
August 11, 2025 −7.5% +0.9% −3.3% +0.5%
May 13, 2025 −20.4% +0.8% −21.0% −6.6%
March 26, 2025 −1.1% −1.5% −19.0% −42.1%
November 12, 2024 −6.6% −0.3% −11.4% −8.7%
August 7, 2024 −7.4% +1.6% −9.5% −22.5%
May 8, 2024 −6.9% +0.6% −10.3% −14.7%
March 20, 2024 +12.5% +1.3% +9.4% −26.5%
November 8, 2023 +2.1% −0.7% +0.1% −3.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

FGI Industries Ltd. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) FGI Industries Ltd.
$115M $120M $125M $130M $135M $140M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $118.1M Revenue (TTM), FY23 Q4: $117.2M Revenue (TTM), FY24 Q1: $120.8M Revenue (TTM), FY24 Q2: $121M Revenue (TTM), FY24 Q3: $127.2M Revenue (TTM), FY24 Q4: $131.8M Revenue (TTM), FY25 Q1: $134.3M Revenue (TTM), FY25 Q2: $135.9M Revenue (TTM), FY25 Q3: $135.7M Revenue (TTM), FY25 Q4: $130.5M Revenue (TTM), FY26 Q1: $127.8M Revenue (TTM), FY26 Q2: $128.7M $128.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $118.1M
FY23 Q4 $117.2M
FY24 Q1 $120.8M
FY24 Q2 $121M
FY24 Q3 $127.2M
FY24 Q4 $131.8M
FY25 Q1 $134.3M
FY25 Q2 $135.9M
FY25 Q3 $135.7M
FY25 Q4 $130.5M
FY26 Q1 $127.8M
FY26 Q2 $128.7M
Revenue growth, TTM YoY FGI Industries Ltd.
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -35.2% Revenue growth, TTM YoY, FY23 Q4: -27.5% Revenue growth, TTM YoY, FY24 Q1: -16.8% Revenue growth, TTM YoY, FY24 Q2: -4.5% Revenue growth, TTM YoY, FY24 Q3: 7.7% Revenue growth, TTM YoY, FY24 Q4: 12.4% Revenue growth, TTM YoY, FY25 Q1: 11.1% Revenue growth, TTM YoY, FY25 Q2: 12.3% Revenue growth, TTM YoY, FY25 Q3: 6.7% Revenue growth, TTM YoY, FY25 Q4: -1.0% Revenue growth, TTM YoY, FY26 Q1: -4.8% Revenue growth, TTM YoY, FY26 Q2: -5.3% -5.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -35.2%
FY23 Q4 -27.5%
FY24 Q1 -16.8%
FY24 Q2 -4.5%
FY24 Q3 7.7%
FY24 Q4 12.4%
FY25 Q1 11.1%
FY25 Q2 12.3%
FY25 Q3 6.7%
FY25 Q4 -1.0%
FY26 Q1 -4.8%
FY26 Q2 -5.3%
Operating margin (TTM) FGI Industries Ltd.
-4% -2% 0% 2% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 1.7% Operating margin (TTM), FY23 Q4: 2.0% Operating margin (TTM), FY24 Q1: 1.6% Operating margin (TTM), FY24 Q2: 0.8% Operating margin (TTM), FY24 Q3: 0.3% Operating margin (TTM), FY24 Q4: -1.6% Operating margin (TTM), FY25 Q1: -2.3% Operating margin (TTM), FY25 Q2: -2.5% Operating margin (TTM), FY25 Q3: -2.2% Operating margin (TTM), FY25 Q4: -1.8% Operating margin (TTM), FY26 Q1: -1.4% Operating margin (TTM), FY26 Q2: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 1.7%
FY23 Q4 2.0%
FY24 Q1 1.6%
FY24 Q2 0.8%
FY24 Q3 0.3%
FY24 Q4 -1.6%
FY25 Q1 -2.3%
FY25 Q2 -2.5%
FY25 Q3 -2.2%
FY25 Q4 -1.8%
FY26 Q1 -1.4%
FY26 Q2 0.3%
FCF margin (TTM) FGI Industries Ltd.
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 3.4% FCF margin (TTM), FY23 Q4: 1.2% FCF margin (TTM), FY24 Q1: -4.9% FCF margin (TTM), FY24 Q2: -5.1% FCF margin (TTM), FY24 Q3: -4.5% FCF margin (TTM), FY24 Q4: -7.3% FCF margin (TTM), FY25 Q1: -2.3% FCF margin (TTM), FY25 Q2: -1.2% FCF margin (TTM), FY25 Q3: -2.0% FCF margin (TTM), FY25 Q4: -0.2% FCF margin (TTM), FY26 Q1: 1.1% FCF margin (TTM), FY26 Q2: 1.4% 1.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 3.4%
FY23 Q4 1.2%
FY24 Q1 -4.9%
FY24 Q2 -5.1%
FY24 Q3 -4.5%
FY24 Q4 -7.3%
FY25 Q1 -2.3%
FY25 Q2 -1.2%
FY25 Q3 -2.0%
FY25 Q4 -0.2%
FY26 Q1 1.1%
FY26 Q2 1.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 182 162 117 132 131 129
Gross profit 32 32 32 35 35 36
EBITDA 8 5 4 −2 −2 1
Operating income 8 5 2 −2 −2 0
Net income 8 4 1 −1 −6 −4
Diluted EPS $1.13 $1.95 $0.07 −$0.63 −$3.20 −$2.04
Growth (year on year)
Revenue — −11.1% −27.5% +12.4% −1.0% −5.3%
EBITDA — −33.7% −18.6% −137.6% — —
Operating income — −34.1% −54.7% — — —
Net income — −53.5% −80.1% — — —
Diluted EPS — +72.6% −96.4% — — —
Margins
Gross margin 17.7% 19.5% 27.4% 26.9% 27.0% 28.3%
EBITDA margin 4.4% 3.3% 3.7% −1.2% −1.3% 0.9%
Operating margin 4.2% 3.1% 2.0% −1.6% −1.8% 0.3%
Net margin 4.3% 2.3% 0.6% −0.9% −4.7% −3.1%
Free-cash-flow margin −1.8% −0.1% 1.2% −7.3% −0.2% 1.4%
Cash flow
Cash from operations −3 1 2 −7 1 2
Capital spending 0 1 1 2 1 0
Free cash flow −3 −0 1 −10 −0 2
Stock-based pay 0 0 0 0 0 0
Free cash flow after stock pay −3 −0 1 −10 −1 2
Balance sheet
Cash 4 10 8 5 2 4
Total debt 15 10 7 15 12 13
Net debt (negative = net cash) 11 −0 −1 10 10 9
Diluted shares 1m 2m 2m 2m 2m 2m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $68m
Short-term assets $52mLonger-term assets $16m
What it owes, and who funded it · $70m
Short-term liabilities $44mLonger-term liabilities $9mShareholders' equity $17m
  • Short-term assets cover short-term liabilities $52m of assets due within a year against $44m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $52m short-term assets against $9m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $420,316 against $2m of interest.

From FGI Industries Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
1.0%
of revenue
Days sales outstanding
44 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated FGI CIX OFLX ASPN ZKIN CMT Median
Revenue, last 12 months $129m $162m $98m $202m $71m $254m $1.8bn
Revenue growth, last 12 months −5.3% 6.0% −2.0% −49.1% −34.2% −7.9% 3.7%
Revenue growth, 3-year average 0.5% 0.3% −4.9% 2.1% — −12.9% 3.6%
Revenue growth, latest quarter 2.9% 8.0% 6.0% −36.1% — −20.8% 8.0%
Gross margin 28.3% 32.1% 55.6% 2.7% 5.7% 18.2% 32.0%
Operating margin 0.3% 16.3% 12.2% −61.0% −6.0% 3.6% 7.0%
Operating margin, 3-year average −0.5% 14.7% 17.4% −42.4% 2.8% 4.8% 10.7%
Net margin −3.1% 13.6% 10.7% −62.4% −5.6% 2.9% 5.1%
Cash from operations / revenue 1.8% 15.0% 8.6% 24.3% 1.0% 6.5% 12.4%
Free-cash-flow margin 1.4% 13.1% 7.2% 17.0% 0.2% −3.3% 8.9%
Free-cash-flow margin, 3-year average −1.7% 12.8% 15.1% −6.9% −0.4% 3.2% 8.5%
Stock pay / revenue 0.1% — 0.2% 4.9% 1.6% 0.7% 0.7%
Change in share count — 0.0% 0.0% −0.0% 16.0% −0.4% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth -5.3% 4.0% 37 of 46
Change in growth rate Growth -0.5pp +0.8pp 31 of 46
Gross margin Profitability 28.3% 32.1% 25 of 43
Operating margin Profitability 0.3% 7.2% 34 of 45
Net margin Profitability -3.1% 5.6% 34 of 46
Free-cash-flow margin Cash generation 1.4% 9.1% 36 of 46
Stock pay as % of revenue Cash generation 0.1% 0.7% 1 of 41
Days sales outstanding Balance sheet 44 days 53 days 10 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Sanitaryware $80.3M 61.5% ▼ 1.0%
Shower System $22.6M 17.3% ▼ 11.5%
Bath Furniture Products $14.2M 10.9% ▼ 3.6%
Kitchen and Bath Other $13.4M 10.3% ▲ 28.4%
Geography
Region Revenue Share YoY
United States $80.7M 61.8% ▼ 2.0%
Canada $33.3M 25.5% ▼ 5.1%
Europe $14.2M 10.9% ▲ 6.8%
Countries Other Than United States Canada and Europe $2.3M 1.7% ▲ 130.8%

From FGI Industries Ltd.'s 10-K filed April 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$67,892
Institutions reporting
5
Shares held vs prior quarter
▲ 89.3%
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 2 institutions bought and 1 sold ; the biggest buyer was HRT Financial LP (+10K shares) and the biggest seller Tower Research Capital LLC (TRC) (−2,906). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
HRT Financial LP $42,000 10K 61.9% New
Vanguard Capital Management LLC $14,369 3K 21.2% 0.0%
Vanguard Fiduciary Trust Co $5,679 1K 8.4% 0.0%
UBS Group AG $3,659 1K 5.4% ▲ 114.8%
Tower Research Capital LLC (TRC) $2,185 1K 3.2% ▼ 85.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not FGI Industries Ltd.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 13, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 14, 2026
  • April 9, 2026
  • November 14, 2025
  • August 11, 2025
  • May 13, 2025

Recent SEC filings

Data status

When each part of this page on FGI Industries Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

FGI Industries Ltd. in brief

What does FGI Industries Ltd. do?
FGI Industries Ltd. is a US-listed company in the building products industry. Its financial year ends in December.
What is FGI Industries Ltd.'s stock ticker?
FGI Industries Ltd. trades under the ticker FGI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is FGI Industries Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, FGI Industries Ltd. reported revenue of $129M, 5.3% lower than a year earlier, according to its SEC filings.
What is FGI Industries Ltd.'s free cash flow?
FGI Industries Ltd.'s free-cash-flow margin is 1.4% of revenue over the trailing twelve months, ranking 36 of the 46 building products companies we cover.
Who are FGI Industries Ltd.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, Vanguard Capital Management LLC and Vanguard Fiduciary Trust Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is FGI Industries Ltd.'s market cap?
On November 2, 2026, FGI Industries Ltd.'s market capitalisation was about $14.8M and net debt of $8.6M. Market figures come from third-party market data and may be delayed.
Who are FGI Industries Ltd.'s competitors?
In our Building Products peer group, the companies closest to FGI Industries Ltd. are Compx International Inc, Omega Flex, Inc., Aspen Aerogels Inc, ZK International Group Co., Ltd. and Core Molding Technologies Inc. The side-by-side comparison below sets their revenue, margins and growth against FGI Industries Ltd.'s.
When is FGI Industries Ltd.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — FGI Industries Ltd. announces its own schedule.