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FS Bancorp, Inc. FSBW Debt-to-equity

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Other financials

Income statement

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Revenue$1.2M-96.8%
Net income$7.8M-2.4%
EPS (diluted)$1.16+39.8%

Balance sheet

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Cash & equivalents$38.7M-38.3%
Total debt$172.9M+134%
Total equity$313.9M+5.0%
Total assets$3.2B+4.5%

Cash flow

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Operating cash flow$8.7M+6.6%
CapEx$273.0K-22.0%
Free cash flow$8.4M+7.8%

Valuation

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Market cap$316.6M+7.8%
Enterprise value$450.77M+47.8%
P/E9.6×+1.1×
P/S7.9×-0.7×

Profitability

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Net margin24.4%-1.2pp
FCF margin70%-67.3pp

Returns & leverage

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Return on equity10.8%-1.2pp

Where this comes from

Calculated from FS Bancorp, Inc.’s reported figures.

Based on the most recent quarter.

The official record: FS Bancorp, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FS Bancorp, Inc.'s debt-to-equity?
FS Bancorp, Inc. (FSBW) reported debt-to-equity of 0.6× in Q1 2026.
How has FS Bancorp, Inc.'s debt-to-equity changed year-over-year?
FS Bancorp, Inc.'s debt-to-equity increased by 122.5% year-over-year, from 0.2× to 0.6×.
What is the long-term trend for FS Bancorp, Inc.'s debt-to-equity?
Over 5 years (2020 to 2025), FS Bancorp, Inc.'s debt-to-equity has grown at a 81.2% compound annual growth rate (CAGR), from 0× to 0.4×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.