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Newegg Commerce vs Star: revenue, profit, margins and growth compared

Newegg Commerce brought in $1.4B of revenue in fiscal 2025, Star $1.8B in fiscal 2025. Revenue changed by +16.9% at Newegg Commerce and +1.0% at Star on the year before, so Newegg Commerce grew faster. Newegg Commerce kept -0.3% of its revenue as net profit, Star 4.1%. Free cash flow was -$29.7M at Newegg Commerce and $56M at Star.

Side by side, latest fiscal year

NEGGSGU
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$1.4B$1.8B
Revenue growth+16.9%+1.0%
Net income-$4.9M$73.5M
Net margin-0.3%4.1%
Free cash flow-$29.7M$56M
Free cash flow margin-2.1%3.1%
Earnings per share (diluted)-$0.24n/a
Cash$107.8M$24.7M
Debtn/a$188.1M
Price to earningsn/an/a
Market value$283.6M$421M
Dividend yieldn/an/a
Rank by revenue in sector#405 of 778 · Consumer discretionary#372 of 778 · Consumer discretionary

Over the years

Revenue
NEGG FY2018: $559.4KNEGG FY2019: $1.5BNEGG FY2020: $2.1BNEGG FY2021: $2.4BNEGG FY2022: $1.7BNEGG FY2023: $1.5BNEGG FY2024: $1.2BNEGG FY2025: $1.4BSGU FY2018: $1.7BSGU FY2019: $1.8BSGU FY2020: $1.5BSGU FY2021: $1.5BSGU FY2022: $2BSGU FY2023: $2BSGU FY2024: $1.8BSGU FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
NEGG $1.4BSGU $1.8B
Net income
NEGG FY2018: -$8.9MNEGG FY2019: $17MNEGG FY2020: -$30.4MNEGG FY2021: $36.3MNEGG FY2022: -$57.4MNEGG FY2023: -$59MNEGG FY2024: -$43.3MNEGG FY2025: -$4.9MSGU FY2018: $55.5MSGU FY2019: $17.6MSGU FY2020: $55.9MSGU FY2021: $87.7MSGU FY2022: $35.3MSGU FY2023: $31.9MSGU FY2024: $35.2MSGU FY2025: $73.5MFY18FY19FY20FY21FY22FY23FY24FY25
NEGG -$4.9MSGU $73.5M
Net margin
NEGG FY2018: -1,592.8%NEGG FY2019: 1.1%NEGG FY2020: -1.4%NEGG FY2021: 1.5%NEGG FY2022: -3.3%NEGG FY2023: -3.9%NEGG FY2024: -3.5%NEGG FY2025: -0.3%SGU FY2018: 3.3%SGU FY2019: 1.0%SGU FY2020: 3.8%SGU FY2021: 5.9%SGU FY2022: 1.8%SGU FY2023: 1.6%SGU FY2024: 2.0%SGU FY2025: 4.1%FY18FY19FY20FY21FY22FY23FY24FY25
NEGG -0.3%SGU 4.1%
Revenue growth
NEGG FY2019: +274,116.4%NEGG FY2020: +37.9%NEGG FY2021: +12.4%NEGG FY2022: -27.6%NEGG FY2023: -13.0%NEGG FY2024: -17.5%NEGG FY2025: +16.9%SGU FY2019: +4.5%SGU FY2020: -16.3%SGU FY2021: +2.0%SGU FY2022: +34.0%SGU FY2023: -2.7%SGU FY2024: -9.6%SGU FY2025: +1.0%FY19FY20FY21FY22FY23FY24FY25
NEGG +16.9%SGU +1.0%
Free cash flow
NEGG FY2019: -$20.4MNEGG FY2020: $78.4MNEGG FY2021: -$67.1MNEGG FY2022: $11.3MNEGG FY2023: -$34.1MNEGG FY2024: -$4.4MNEGG FY2025: -$29.7MSGU FY2018: $43.9MSGU FY2019: $86.1MSGU FY2020: $161.5MSGU FY2021: $53.8MSGU FY2022: $15.2MSGU FY2023: $114.6MSGU FY2024: $100.3MSGU FY2025: $56MFY18FY19FY20FY21FY22FY23FY24FY25
NEGG -$29.7MSGU $56M

Fiscal years as each company reports them; the two may end in different months.

Questions about Newegg Commerce and Star

Which is bigger by revenue, Newegg Commerce or Star?

Star is bigger by revenue: $1.8B in fiscal 2025, against $1.4B for Newegg Commerce in fiscal 2025.

Which keeps more of its revenue as profit, Newegg Commerce or Star?

Newegg Commerce had a net margin of -0.3% in fiscal 2025; Star had 4.1% in fiscal 2025.

Which grew revenue faster, Newegg Commerce or Star?

In their latest fiscal years revenue changed by +16.9% at Newegg Commerce and +1.0% at Star.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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