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Friday 6 November 2026
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FS Bancorp, Inc.
FSBW Financial Banks Regional
FS Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $219.5 million, up 6.36% from fiscal 2024.
- Revenue
- +3.60%
- EPS
- +6.00%
- Free cash flow
- +778.4%
- Total debt
- +31.8%
Quarter to June 2026, against a year earlier
43.65
0.14
−0.32%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
9.82 | 11.94 | 6.64 | 12.41 | 5.99 | 7.61 | 8.83 | 8.09 | 9.17 | 9.49 |
Piotroski F-Score |
5 | 6 | 4 | 3 | 6 | 6 | 5 | 7 | 5 | 6 |
P/S ratio |
1.68 | 2.40 | 1.78 | 2.50 | 1.61 | 2.06 | 1.87 | 1.53 | 1.53 | 1.41 |
P/FCF ratio |
0.00 | 8.94 | 5.71 | 12.48 | 0.00 | 2.09 | 1.08 | 2.21 | 3.87 | 3.67 |
P/Operating CF |
3.85 | 12.04 | 52.21 | 21.98 | 3.46 | 29.14 | 12.22 | 22.71 | 7.61 | 25.09 |
P/B ratio |
1.28 | 1.38 | 0.88 | 1.41 | 1.01 | 1.12 | 1.11 | 1.08 | 1.07 | 1.01 |
Price to Tangible BV |
1.51 | 1.51 | 0.98 | 1.56 | 1.10 | 1.23 | 1.23 | 1.22 | 1.17 | 1.09 |
EV/Sales |
1.21 | 2.12 | 2.81 | 2.75 | 2.11 | 2.47 | 3.26 | 1.81 | 3.10 | 2.10 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
20.72 | 9.90 | 11.70 | 33.75 | (9.40) | 3.04 | 2.41 | 4.38 | 12.60 | 6.37 |
EV/FCF |
(10,621.71) | 7.90 | 9.03 | 13.72 | (35.06) | 2.51 | 1.88 | 2.63 | 7.84 | 5.46 |
Quick Ratio |
0.07 | 0.04 | 0.04 | 0.05 | 0.06 | 0.02 | 0.02 | 0.04 | 0.01 | 0.01 |
Current Ratio |
0.98 | 1.03 | 1.12 | 1.06 | 1.09 | 0.99 | 1.07 | 1.00 | 1.10 | 1.01 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
2.72% | 1.77% | 9.07% | 5.53% | 8.32% | 4.02% | 8.96% | 4.82% | 11.80% | 5.60% |
Debt/Equity |
0.28 | 0.14 | 0.82 | 0.47 | 0.76 | 0.37 | 1.02 | 0.54 | 1.21 | 0.58 |
Asset Turnover |
0.08 | 0.08 | 0.07 | 0.07 | 0.08 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 |
Operating CF/Net income |
0.34 | 1.07 | 0.88 | 0.40 | (0.83) | 2.96 | 6.36 | 2.19 | 1.48 | 2.21 |
Capex/Depreciation |
(0.69) | 0.97 | (0.72) | (0.21) | (0.10) | 0.05 | 2.68 | (0.13) | 1.39 | (1.71) |
| 13.43% | 13.87% | 16.12% | 11.95% | 18.00% | 15.41% | 12.14% | 14.30% | 12.30% | 10.86% | |
| 1.39% | 1.56% | 1.87% | 1.36% | 2.02% | 1.67% | 1.18% | 1.27% | 1.15% | 1.05% | |
ROIC |
19.89% | 12.57% | 6.88% | 8.18% | 10.32% | 9.80% | 5.62% | 9.22% | 4.19% | 5.61% |
Return on Tangible Assets |
298.52% | 34.17% | 13.59% | 19.75% | 22.05% | 374.60% | 17.57% | 90.34% | 12.89% | 40.91% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
65.62% | 63.12% | 54.54% | 55.65% | 54.73% | 56.80% | 61.27% | 49.79% | 48.20% | 49.34% |
Intangible Assets out of Total Assets |
0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
2.62% | 2.93% | 2.22% | 2.11% | 1.61% | 2.40% | 1.44% | 1.07% | 0.88% | 1.03% |
Graham Net Nets |
(0.45) | (0.02) | (0.11) | (0.12) | (0.26) | (0.51) | (0.52) | (0.62) | (0.49) | (0.58) |
Graham Number |
23.94 | 31.83 | 42.06 | 36.22 | 52.90 | 54.73 | 50.14 | 59.99 | 62.23 | 63.17 |
Earnings Yield |
10.18% | 8.37% | 15.07% | 8.06% | 16.70% | 13.14% | 11.33% | 12.36% | 10.91% | 10.54% |
Free Cash Flow Yield |
(0.01%) | 11.19% | 17.51% | 8.02% | (3.74%) | 47.82% | 92.53% | 45.17% | 25.84% | 27.23% |
Revenue per Share |
10.63 | 11.35 | 12.05 | 12.76 | 17.04 | 16.29 | 17.64 | 24.51 | 26.81 | 29.16 |
Operating CF per Share |
0.62 | 2.44 | 2.90 | 1.04 | (3.82) | 13.26 | 23.84 | 10.14 | 6.60 | 9.60 |
Capex per Share |
(0.62) | 0.62 | (0.51) | (0.28) | (0.16) | 0.09 | 4.83 | (0.22) | 1.91 | (2.71) |
Free Cash Flow per Share |
0.00 | 3.05 | 2.38 | 0.76 | (3.98) | 13.35 | 28.68 | 9.93 | 8.51 | 6.90 |
Cash per Share |
8.93 | 5.98 | 7.41 | 7.55 | 12.27 | 4.51 | 5.95 | 11.74 | 4.33 | 3.75 |
Shareholders Equity per Share |
13.99 | 19.71 | 24.34 | 22.68 | 27.18 | 30.12 | 29.88 | 34.54 | 38.42 | 40.87 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
13.99 | 19.71 | 24.34 | 22.68 | 27.18 | 30.12 | 29.88 | 34.54 | 38.42 | 40.87 |
Free Cash Flow |
(0.01) | 18.90 | 17.64 | 6.71 | (33.70) | 109.72 | 222.38 | 76.00 | 65.50 | 51.94 |
Working Capital |
(12.49) | 25.77 | 150.11 | 86.23 | 148.24 | (16.77) | 140.51 | 8.69 | 237.61 | 36.07 |
Capital Expenditures |
(3.59) | 3.81 | (3.80) | (2.46) | (1.38) | 0.72 | 37.48 | (1.67) | 14.67 | (20.37) |
Net Current Asset Value |
(46.79) | (4.17) | (17.28) | (34.18) | (60.92) | (139.91) | (132.96) | (177.17) | (156.38) | (179.44) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.06 | (0.05) | 0.04 | 0.02 | 0.01 | (0.01) | (0.27) | 0.01 | (0.07) | 0.09 |
Price to Operating Income |
6.28 | 8.21 | 5.29 | 9.54 | 4.65 | 5.83 | 6.79 | 6.14 | 7.61 | 7.53 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.33 | 0.25 | 0.18 | 0.42 | 0.50 | 0.57 | 0.56 | 0.41 | 0.36 | 0.27 |
Cash ROIC |
0.00% | 10.71% | 4.62% | 1.86% | (6.61%) | 29.15% | 43.28% | 15.27% | 9.54% | 10.09% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
62,478.13 | 61,401.24 | 45,472.23 | 26,309.93 | 41,519.05 | 71,901.96 | 53,879.94 | 20,976.73 | 13,832.17 | 14,600.23 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
598.89 | 771.22 | 1,052.03 | 1,333.31 | 1,533.24 | 1,794.91 | 2,021.74 | 2,325.03 | 2,430.87 | 2,506.53 |
Average Assets |
752.74 | 904.85 | 1,301.71 | 1,667.35 | 1,913.15 | 2,199.82 | 2,459.65 | 2,802.78 | 3,000.92 | 3,113.01 |
Average Common Equity |
78.19 | 101.52 | 151.02 | 190.14 | 215.12 | 238.76 | 239.60 | 248.09 | 280.13 | 301.73 |
Columns are period end dates