FS Bancorp, Inc.

FSBWNASDAQFinancial Services● Active

$40.65

$-0.24(-0.59%)

Market Cap$301401132

P/E Ratio—

52W High$44.22

52W Low$36.66

Avg Volume13K

Open$41.16

Beta0.66

Free Cash Flow Financials Revenue

FS Bancorp, Inc. (FSBW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FSBW · free cash flow · updated Jun 8, 2026

Core FCF metrics

FSBW · FCF · TTM · margin & CAGR

Free cash flow was $51.9M for FY2025 (fiscal year ending 2025-12-31), up 5.6% year-over-year The FCF margin was 23.9%.

FY2025 Free Cash Flow$51.9M▲ +5.6% YoY

Trailing 12M (TTM)$52.6Mtrailing 4 quarters sum

FCF Margin23.9%$51.9M ÷ revenue

3-Year CAGR-34.3%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FSBW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$72.3M(20M)$51.9M▲ +5.6%23.9%

FY2024$50.8M(2M)$49.2M▼ 35.3%24.1%

FY2023$77.7M(2M)$76.0M▼ 58.5%41.0%

FY2022$184.9M(2M)$183.3M▲ +71.3%136.7%

FY2021$109.0M(2M)$107.0M▲ +417.6%81.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FSBW · P/FCF · FCF yield · FCF per share

FS Bancorp, Inc. (FSBW) trades at a FCF yield of 17.44% and a price-to-free-cash-flow ratio of 5.8x. FCF per share stands at $6.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

17.44%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.99

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x9.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FSBW · cash flow statement · operating / investing / financing

For FY2025, FS Bancorp, Inc. generated $72.3M in operating cash flow and spent 20M in capital expenditures, yielding $51.9M in free cash flow.

Operating Activities

+$72.3M

Cash from core business operations

2025-12-31

Investing Activities

−$206.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$130.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($72.3M) − |CapEx| (20M) = FCF ($51.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FSBW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

FS Bancorp, Inc.YOU

FSBW

$51.9M+5.6%23.9%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

FS Bancorp, Inc. (FSBW) reported free cash flow of $51.9M for FY2025 (fiscal year ending 2025-12-31), up 5.6% year-over-year. The FCF margin was 23.9%.

Based on available data, FS Bancorp, Inc. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $183.3M in FY2022.

FS Bancorp, Inc.'s FCF yield is 17.44% and price-to-FCF ratio is 5.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FSBW free cash flow · 8 questions

FS Bancorp, Inc. free cash flow was $51.9M for FY2025, up 5.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $52.6M.

FSBW free cash flowFSBW FCFFSBW FCF 2025FSBW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · FS Bancorp, Inc. · FS Bancorp, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026