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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and FS Bancorp, Inc. (FSBW). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $40.0M, roughly 1.8× FS Bancorp, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

FS Bancorp, Inc. is a U.S.-headquartered bank holding company that serves as the parent of 1st Security Bank of Washington. It offers a full range of personal and commercial banking solutions including deposit products, mortgage loans, small business financing and construction loans, primarily catering to customers in the Pacific Northwest, with core segments covering retail banking, commercial banking and residential lending.

CHR vs FSBW — Head-to-Head

Bigger by revenue
CHR
CHR
1.8× larger
CHR
$71.0M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+12.1% gap
FSBW
12.0%
-0.1%
CHR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
FSBW
FSBW
Revenue
$71.0M
$40.0M
Net Profit
$7.8M
Gross Margin
70.7%
Operating Margin
11.7%
25.8%
Net Margin
10.9%
Revenue YoY
-0.1%
12.0%
Net Profit YoY
-37.5%
EPS (diluted)
$0.67
$1.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
FSBW
FSBW
Q4 25
$40.0M
Q3 25
$39.3M
Q2 25
$71.0M
$37.3M
Q1 25
$36.1M
Q4 24
$35.7M
Q3 24
$37.2M
Q2 24
$71.1M
$36.3M
Q1 24
$35.5M
Net Profit
CHR
CHR
FSBW
FSBW
Q4 25
Q3 25
$9.2M
Q2 25
$7.8M
$7.7M
Q1 25
$8.0M
Q4 24
Q3 24
$10.3M
Q2 24
$12.4M
$9.0M
Q1 24
$8.4M
Gross Margin
CHR
CHR
FSBW
FSBW
Q4 25
Q3 25
Q2 25
70.7%
Q1 25
Q4 24
Q3 24
Q2 24
73.4%
Q1 24
Operating Margin
CHR
CHR
FSBW
FSBW
Q4 25
25.8%
Q3 25
29.5%
Q2 25
11.7%
26.2%
Q1 25
26.2%
Q4 24
27.6%
Q3 24
26.5%
Q2 24
16.4%
31.3%
Q1 24
29.7%
Net Margin
CHR
CHR
FSBW
FSBW
Q4 25
Q3 25
23.4%
Q2 25
10.9%
20.7%
Q1 25
22.2%
Q4 24
Q3 24
27.6%
Q2 24
17.5%
24.7%
Q1 24
23.7%
EPS (diluted)
CHR
CHR
FSBW
FSBW
Q4 25
$1.11
Q3 25
$1.18
Q2 25
$0.67
$0.99
Q1 25
$1.01
Q4 24
$0.88
Q3 24
$1.29
Q2 24
$1.23
$1.13
Q1 24
$1.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$28.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$307.7M
Total Assets
$362.7M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
FSBW
FSBW
Q4 25
$28.2M
Q3 25
$61.3M
Q2 25
$33.2M
Q1 25
$62.7M
Q4 24
$31.6M
Q3 24
$40.3M
Q2 24
$186.1M
$33.0M
Q1 24
$45.4M
Stockholders' Equity
CHR
CHR
FSBW
FSBW
Q4 25
$307.7M
Q3 25
$300.5M
Q2 25
$322.1M
$297.2M
Q1 25
$298.8M
Q4 24
$295.8M
Q3 24
$288.9M
Q2 24
$286.1M
$284.0M
Q1 24
$277.9M
Total Assets
CHR
CHR
FSBW
FSBW
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$362.7M
$3.2B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$333.2M
$2.9B
Q1 24
$3.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
FSBW
FSBW
Operating Cash FlowLast quarter
$3.9M
$72.3M
Free Cash FlowOCF − Capex
$51.9M
FCF MarginFCF / Revenue
129.8%
Capex IntensityCapex / Revenue
50.9%
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
FSBW
FSBW
Q4 25
$72.3M
Q3 25
$44.6M
Q2 25
$3.9M
$7.1M
Q1 25
$8.2M
Q4 24
$50.8M
Q3 24
$-891.0K
Q2 24
$-6.7M
$9.9M
Q1 24
$275.0K
Free Cash Flow
CHR
CHR
FSBW
FSBW
Q4 25
$51.9M
Q3 25
$41.6M
Q2 25
$5.9M
Q1 25
$7.8M
Q4 24
$49.2M
Q3 24
$-1.5M
Q2 24
$9.6M
Q1 24
$-82.0K
FCF Margin
CHR
CHR
FSBW
FSBW
Q4 25
129.8%
Q3 25
105.9%
Q2 25
15.7%
Q1 25
21.7%
Q4 24
137.7%
Q3 24
-4.1%
Q2 24
26.6%
Q1 24
-0.2%
Capex Intensity
CHR
CHR
FSBW
FSBW
Q4 25
50.9%
Q3 25
7.7%
Q2 25
3.5%
Q1 25
1.0%
Q4 24
4.6%
Q3 24
1.7%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
CHR
CHR
FSBW
FSBW
Q4 25
Q3 25
4.86×
Q2 25
0.51×
0.92×
Q1 25
1.02×
Q4 24
Q3 24
-0.09×
Q2 24
-0.54×
1.11×
Q1 24
0.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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