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FGI Industries (FGI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · FGI Industries (FGI) Q2 2026 earnings results →
Q2 2026 Revenue up 3% year over year to $31.9M · 4¢ of every $1 of revenue kept as net profit · operating margin 4.4%
FGI Industries made $31.9M in Q2 2026 (+3% Y/Y): Sanitaryware $19.1M, Shower System $6.0M, Bath Furniture $3.5M. Operating margin 4.4%, net earnings $1.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $31.9M in Q2 2026, up 3% year over year and up 5% from the previous quarter. Sanitaryware was the largest line at 60% of revenue. Sanitaryware added $1.1M year over year (up 6%), 119% of the total change. Bath Furniture declined 15%.
Gross margin was 33.4%, up 5.4 points from Q2 2025. Operating profit was $1.4M, a 4.4% margin (up 7.1 points year over year). Operating expenses fell 3% while revenue rose 3%. Net earnings were $1.3M ($1.1M including minority interests, which bore $169K of losses). The effective tax rate was 11.1%.
Operating cash flow was $2.1M (up 16% year over year), 190% of net income including minority interests. Non-cash charges added back $706K of depreciation and amortization and $123K of share-based compensation. Working capital and other items added $186K. Capital expenditures of $90K left free cash flow of $2.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $31.9M | +3% | 4.4% | $1.3M | $2.1M |
| Q1 2026 | 10-Q | May 15, 2026 | $30.5M | -8% | -2.3% | −$1.1M | −$326K |
| Q4 2025 | 10-K | Apr 10, 2026 | $30.5M | -14% | -2.2% | −$3.0M | $2.3M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $35.8M | -0.7% | 1.0% | −$1.9M | −$1.9M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $31.0M | +6% | -2.7% | −$1.4M | $1.8M |
| Q1 2025 | 10-Q | May 14, 2025 | $33.2M | +8% | -3.9% | −$816K | −$1.7M |
| Q4 2024 | 10-K | Mar 31, 2025 | $35.6M | +15% | -3.5% | −$475K | $617K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About FGI Industries
FGI is a global, diversified and reputable supplier of quality bath and kitchen products. With over thirty years of experience, FGI has become a leading 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 R&R (Repair & Remodel) markets. Some of our largest customers include The Home Depot, Menards, Ferguson and Lowe’s. Throughout our history, we have achieved consistent and above-industry sales growth each year by executing on our strategic objectives which include offering well-designed, high-quality products, providing service that surpasses our competition and exceeds our customers’ expectations, and managing an efficient and resilient global supply chain.
In its own words, from its 10-K, filed Apr 10, 2026.
FGI Industries against its Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +3%. Operating margin: 4.4% against the peers' median 10.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FGI FGI Industries | Q2 2026 | $31.9M | +3% | 4.4% |
| MAS Masco | Q3 2026 | $2.0B | +3% | 17.2% |
| OFLX Omega Flex | Q3 2026 | $25.7M | +6% | 10.0% |
Source: FGI Industries 10-Q on SEC EDGAR · CIK 1864943 · Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
More on FGI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results