All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2022; the latest 2025-04-24.
From the record
FBS Global Limited's filings since 2022 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-04-24) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+15.4% a year over 4 filed years; profitable in 2 of 4.
From the record
FBS Global Limited's 4 filed years say what it did: revenue went from SGD 17 million in fiscal 2022 to SGD 26 million in fiscal 2025, up 15.4% a year; it rose in 2 of 3 years; the deepest fall was 37% from fiscal 2023 to fiscal 2024; net income was positive in 2 of 4 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 3.5/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: FBS Global Limited's shareholder treatment is put at 3.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 35% of 10 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -16%: lost 16¢ per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, FBS Global Limited lost about 16 cents for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count grew 18.9% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 35% of 10 in its family; net margin -7.9%.
From the record
FBS Global Limited's standing among 10 graded names in its industry family: revenue of SGD 26 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -7.9% ranks in the bottom 45%; revenue growth of 15.4% a year over the last 3 filed years ranks in the top 15% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 6.9/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: FBS Global Limited's leadership is put at 6.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 6 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 46% of 10 in its family for room to expand.
From the record
FBS Global Limited's room to grow, from the newest filed statements (fiscal 2025): cash of SGD 5 million against debt of SGD 129 thousand leaves 18.7% of its assets as net cash, top 25% of its family; cash from operations less capital spending is -16.2% of revenue (bottom 25%); a gross margin of 10.2% (bottom 36%); research spending of 2.6% of revenue (top 50%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 39% of 9 in its family for growth drivers.
From the record
FBS Global Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 15.4% a year over the last three filed years against 15.4% over all 4, speeding up (top 39% of its family); the newest year grew 86.8% (top 6%); capital spending grew -8.2% a year (bottom 28%) (its annual reports). FBS Global Limited reported 2 product lines in fiscal 2025: Revenue From Construction Contracts at SGD 26 million (100%), Sale of Construction Construction Materials at SGD 52 thousand (0%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 50% of 9 in its family for expectations against reality.
From the record
FBS Global Limited's newest year against its own record: revenue of SGD 26 million in fiscal 2025 came in 105.8% above the SGD 13 million its prior three years' pace pointed to (top 6% of its family); net income of SGD 2 million against a prior three-year average of SGD 247 thousand (bottom 17%); a net margin of -7.9% against -1.8% before (bottom 39%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made