FGINasdaqHeating Equip, Except Elec & Warm Air; & Plumbing FixturesFiscal year ends December 31Also trades as FGIWW
FGI Industries Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$7.15−0.34 (-4.54%)
Close on Oct 19, 2026
- Market cap
- $14.36M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
27.0%
Operating margin
-1.8%
Net margin
-4.7%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.0% | -6.9% | – | – | |
| Gross profit | -0.5% | +3.8% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -31.1% | |
| Return on assets | – | – | -8.5% | |
| Current ratio | – | – | 1.17 | |
| Interest coverage | – | – | -1.8× | |
| Inventory turnover | – | – | 6.5× | |
| Capex to revenue | – | – | 0.7% | |
| Diluted shares | – | – | 2M |
Where the cash went
Fiscal 2021 to 2025, five years combined
FGI Industries generated $14.51M from operations and spent $5.05M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$14.51M
Used
$5.05M
Capital expenditure$5.05M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.7%
×Asset turnover1.80×
×Equity multiplier3.67×
=Return on equity, FY2025-31.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.7% | 1.80× | 3.67× | -31.1% |
| FY2024 | -0.9% | 1.87× | 3.04× | -5.2% |
| FY2023 | 0.6% | 1.86× | 2.69× | 3.1% |
| FY2022 | 2.3% | 2.50× | 4.28× | 24.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$6.14M
- Cash generatingOperating cash flow above zero$673.22K
- Return on assets improvedROA up on the prior year-1.8% → -8.1%
- Earnings backed by cashOperating cash flow above net income$673.22K vs -$6.14M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.24 → 1.17
- No dilutionShare count did not rise2M → 2M
- Gross margin improvedGross margin up on the prior year26.88% → 27.01%
- More efficientAsset turnover rose2.00 → 1.73