# FGI Industries Ltd. (FGI)

> Source: Nexqual · https://nexqual.com/FGI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, FGI Industries Ltd. (FGI), nexqual.com/FGI" · informational, not investment advice.

**Price:** USD 7.51 (+5.18% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 7.14 · day 6.99–7.51 · 52w 3.14–19.93 · market cap $14.5M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $129M, net income -$4.0M (-3.1% margin), free cash flow $1.8M (SEC filings).
- Total return with dividends: 1Y +54.9% vs S&P 500 +18.1%; 5Y -60.2% vs S&P 500 +85.1%.
- Next earnings: 2026-11-12, EPS estimate USD -0.03, revenue estimate $37.2M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $182M | $162M | $117M | $132M | $131M | $129M |
| Gross profit | $32.2M | $31.5M | $32.1M | $35.4M | $35.3M | — |
| Operating income | $7.7M | $5.1M | $2.3M | -$2.1M | -$2.4M | $420K |
| Net income | $7.9M | $3.7M | $734K | -$1.2M | -$6.1M | -$4.0M |
| EPS (diluted) | $5.65 | $1.95 | $0.35 | -$0.63 | -$3.20 | — |
| Free cash flow | -$3.3M | -$84K | $1.4M | -$9.6M | -$213K | $1.8M |
| Gross margin | 17.7% | 19.5% | 27.4% | 26.9% | 27.0% | — |
| 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% |
| Revenue growth | — | -11.1% | -27.5% | +12.4% | -1.0% | — |
| Cash + short-term investments | $3.9M | $10.1M | $7.8M | $4.6M | $1.9M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.1x · P/FCF 8.1x · P/B 0.8x · FCF yield 12.37% · Earnings yield -27.25%
P/E at fiscal year-ends: Dec 2023 22.0x.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-14 | Benchmark | Target raised | Speculative Buy | $8 → $13 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2022-01-24) |
|---|---|---|
| Total return | +54.9% | -60.2% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +55.1% | -17.7% |
| Volatility (annualized) | 168.1% | 96.2% |
| Max drawdown | -65.6% (Apr 2026→Jul 2026) | -87.8% (Mar 2022→Apr 2025) |

## Peers (Furnishings, Fixtures & Appliances)
FLXS (Flexsteel Industries, Inc.) USD 86.77 -0.37% · HBB (Hamilton Beach Brands Holding C) USD 34.31 -0.49% · ETD (Ethan Allen Interiors Inc.) USD 20.36 -0.34% · XMAX (XMAX, Inc.) USD 8.48 -1.05% · LZB (La-Z-Boy Incorporated) USD 30.46 +1.74% · MBC (MasterBrand, Inc.) USD 6.84 +2.70%

## More
Full page: https://nexqual.com/FGI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt