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MARKETS / NASDAQ / FGI
NASDAQ · HEATING EQUIP, EXCEPT ELEC & WARM AIR; & PLUMBING FIXTURES · SMALL CAP

FGI Industries Ltd. FGI

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$130.5M
▼ 1.0% YoY
$-6.1M
$-212,520
In brief

What this company does

FGI Industries Ltd. is a business-to-business supplier of bath and kitchen products to large retail, wholesale, commercial and specialty channel customers around the globe, specializing in the home improvement and repair-and-remodel markets. It offers products in four categories: Sanitaryware, Bath Furniture, Shower Systems and Other. The Sanitaryware category includes bath products such as toilets, sinks, pedestals and toilet seats, most of which are sourced from third-party suppliers in China and sold throughout the United States, Canada and Europe. As of December 31, 2025, it employed approximately 426 employees, all full-time, with none covered by collective bargaining agreements. Tangshan Huida Ceramic Group Co., Ltd., which supplies the majority of the company's sanitaryware products, accounted for approximately 83.3% of the total balance of its accounts payable as of December 31, 2025.

Written from the business description in FGI Industries Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 10 April 2026. Every sentence was checked against that document before publication.

Growth
USD 130.5M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 130.5 · Net income -6.1
80M160M20212022202320242025
Compound annual growth
−6.9%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−5 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1.8% · Net -5.5%
2%4%-2%-4%20212022202320242025
ROE
FY2025 · ROE -31.1%
50%100%-10%-20%-30%20212022202320242025

Each USD of equity lost 31 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -0.2
0.5M1.0M-4.0M-8.0M20212022202320242025

Total assetsUSD 69.5M
EquityUSD 17.3M
CashUSD 1.9M
Gross debtUSD 11.9M
Net debtUSD 10.0M
Current ratio1.17×

Net debt stands at 58% of equity.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.10.10.10.20.2
Operating income $B−0.0−0.00.00.00.0
EBITDA $B−0.0−0.00.00.00.0
Income tax $B0.0−0.00.00.00.0
Net income $B−0.0−0.00.00.00.0
Free cash flow $B−0.0−0.00.0−0.0−0.0
EPS, diluted $−3.20−0.630.070.391.13
Dividend / sh $·····
Payout %·····
ROE %−31.1−5.23.124.3104.7
Shares out B0.000.000.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 70 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHeating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2021

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