Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
FS Bancorp, Inc.'s quarterly P/E stands at 9.4x, down 16.1% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 41.9% YoY to 7.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.65 | 9.36 | 8.46 | 9.94 | 9.41 | 11.16 | 8.62 | 8.06 | 8.19 | 7.51 | 6.53 | 6.48 | 7.21 |
| — | -16.1% | -1.9% | +23.3% | +14.9% | +48.5% | +32.1% | +24.4% | +13.5% | -12.8% | +3.4% | -25.1% | -24.6% | |
| P/S Ratio | 1.42 | 1.38 | 1.38 | 1.43 | 1.44 | 1.37 | 1.67 | 1.39 | 1.65 | 1.45 | 1.20 | 1.30 | 1.35 |
| — | +0.6% | -17.8% | +2.7% | -12.4% | -5.7% | +39.1% | +6.5% | +22.5% | -12.5% | -21.7% | -29.7% | -37.2% | |
| P/B Ratio | 1.03 | 1.02 | 1.02 | 1.02 | 0.99 | 1.10 | 1.21 | 1.00 | 0.98 | 1.09 | 0.92 | 0.93 | 0.97 |
| — | -6.6% | -15.5% | +1.9% | +1.6% | +0.6% | +32.1% | +7.4% | +1.2% | -2.1% | -5.4% | -8.5% | -11.4% | |
| P/FCF | 5.97 | — | 1.85 | 12.95 | 9.48 | 1.99 | — | 7.24 | — | 5.83 | 2.54 | 2.48 | 3.33 |
| — | — | — | +78.9% | — | -65.8% | — | +192.3% | — | +81.6% | +65.0% | +34.5% | +406.7% | |
| EV / EBITDA | 7.96 | 7.53 | 7.31 | 10.27 | 7.55 | 12.95 | 10.71 | 8.33 | 7.27 | 4.25 | 5.25 | 5.99 | 4.32 |
| — | -41.9% | -31.8% | +23.2% | +3.8% | +204.9% | +104.3% | +39.2% | +68.3% | -51.0% | -22.9% | -14.1% | -28.7% | |
| EV / EBIT | 9.78 | 7.94 | 9.32 | 14.39 | 9.41 | 16.39 | 13.08 | 10.50 | 9.23 | 5.35 | 6.75 | 7.48 | 5.74 |
| — | -51.5% | -28.7% | +37.1% | +2.0% | +206.2% | +93.8% | +40.3% | +60.9% | -54.9% | -21.4% | -23.9% | -37.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
FS Bancorp, Inc.'s operating margin was 24.4% in Q4 2025, up 3.6 pp QoQ and up 7.7 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 20.5% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.5% | 70.0% | 64.9% | 65.0% | 66.1% | 70.6% | 66.8% | 67.5% | 61.3% | 68.9% | 72.4% | 77.5% | 76.8% |
| — | -0.9% | -2.9% | -3.8% | +7.8% | +2.4% | -7.6% | -12.9% | -20.2% | -12.9% | -14.1% | -10.5% | -14.8% | |
| Operating Margin | 20.6% | 24.4% | 20.8% | 18.4% | 18.4% | 16.7% | 18.9% | 22.2% | 25.6% | 24.4% | 24.1% | 25.7% | 23.6% |
| — | +46.4% | +9.8% | -17.1% | -27.9% | -31.7% | -21.5% | -13.7% | +8.1% | -1.1% | -21.5% | -5.3% | -16.5% | |
| Net Margin | 15.3% | 14.7% | 16.4% | 14.5% | 15.6% | 12.5% | 19.7% | 17.5% | 20.4% | 19.7% | 18.8% | 20.4% | 18.9% |
| — | +18.0% | -16.6% | -17.0% | -23.4% | -36.7% | +5.0% | -14.2% | +7.6% | +0.4% | -22.9% | -6.9% | -17.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.1% | 2.8% | 3.1% | 2.6% | 2.7% | 2.5% | 3.6% | 3.2% | 3.1% | 3.8% | 3.6% | 3.7% | 3.5% |
| — | +9.6% | -14.5% | -18.7% | -12.9% | -33.4% | +0.4% | -14.0% | -10.7% | +12.6% | -6.3% | +26.9% | +22.0% | |
| ROA | 1.1% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| — | +6.8% | -17.4% | -18.3% | -6.9% | -25.8% | +13.2% | -5.4% | -6.8% | +15.0% | -8.2% | +11.8% | +0.7% | |
| ROIC | 6.1% | 2.2% | 1.6% | 1.4% | 1.3% | 1.3% | 1.4% | 1.7% | 2.0% | 2.4% | 1.8% | 2.1% | 2.0% |
| — | +75.3% | +12.4% | -16.1% | -34.0% | -46.9% | -21.8% | -18.4% | +1.7% | +69.4% | +2.8% | +15.9% | +3.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
FS Bancorp, Inc.'s Debt/EBITDA ratio is 9.6x, down from 12.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 25.4% YoY to 0.12x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.62 | 0.98 | 0.41 | 1.20 | 0.76 | 0.84 | 0.67 | 0.23 | 0.71 | 1.03 | 0.27 |
| — | -61.8% | -18.3% | +17.6% | -38.2% | +426.7% | +6.3% | -18.7% | +150.2% | -78.2% | -50.4% | +72.8% | -30.2% | |
| Debt / EBITDA | 2.57 | 9.60 | 12.58 | 21.35 | 10.47 | 28.47 | 18.18 | 16.63 | 13.91 | 3.96 | 12.10 | 17.94 | 4.75 |
| — | -66.3% | -30.8% | +28.4% | -24.7% | +618.9% | +50.3% | -7.3% | +192.7% | -78.6% | -48.7% | +58.1% | -32.8% | |
| Current Ratio | 0.12 | 0.12 | 0.10 | 0.02 | 0.03 | 0.09 | 0.12 | 0.12 | 0.15 | 0.08 | 0.15 | 0.16 | 0.13 |
| — | +25.4% | -16.0% | -84.0% | -79.5% | +11.1% | -18.2% | -27.6% | +16.9% | -38.7% | -23.3% | +13.1% | -21.9% | |
| Quick Ratio | 0.12 | 0.12 | 0.10 | 0.02 | 0.03 | 0.09 | 0.12 | 0.12 | 0.15 | 0.08 | 0.15 | 0.16 | 0.13 |
| — | +25.4% | -16.0% | -84.0% | -79.5% | +11.1% | -18.2% | -27.6% | +16.9% | -38.7% | -23.3% | +13.1% | -21.9% | |
| Interest Coverage | 0.67 | 0.81 | 0.67 | 0.59 | 0.60 | 0.62 | 0.62 | 0.73 | 0.72 | 0.86 | 0.91 | 1.23 | 1.29 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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FS Bancorp, Inc.'s current P/E is 9.7x. The average P/E over the last 4 quarters is 9.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
FS Bancorp, Inc.'s current operating margin is 20.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking FS Bancorp, Inc.'s business trajectory between earnings reports.