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

EASTERN CO is the larger business by last-quarter revenue ($55.3M vs $40.0M, roughly 1.4× FS Bancorp, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% vs -22.4%). FS Bancorp, Inc. produced more free cash flow last quarter ($51.9M vs $3.1M). Over the past eight quarters, FS Bancorp, Inc.'s revenue compounded faster (6.2% CAGR vs -0.6%).

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

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.

EML vs FSBW — Head-to-Head

Bigger by revenue
EML
EML
1.4× larger
EML
$55.3M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+34.4% gap
FSBW
12.0%
-22.4%
EML
More free cash flow
FSBW
FSBW
$48.9M more FCF
FSBW
$51.9M
$3.1M
EML
Faster 2-yr revenue CAGR
FSBW
FSBW
Annualised
FSBW
6.2%
-0.6%
EML

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EML
EML
FSBW
FSBW
Revenue
$55.3M
$40.0M
Net Profit
$578.9K
Gross Margin
22.3%
Operating Margin
3.1%
25.8%
Net Margin
1.0%
Revenue YoY
-22.4%
12.0%
Net Profit YoY
103.8%
EPS (diluted)
$0.10
$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
EML
EML
FSBW
FSBW
Q4 25
$40.0M
Q3 25
$55.3M
$39.3M
Q2 25
$70.2M
$37.3M
Q1 25
$63.3M
$36.1M
Q4 24
$64.3M
$35.7M
Q3 24
$71.3M
$37.2M
Q2 24
$72.6M
$36.3M
Q1 24
$64.6M
$35.5M
Net Profit
EML
EML
FSBW
FSBW
Q4 25
Q3 25
$578.9K
$9.2M
Q2 25
$3.4M
$7.7M
Q1 25
$1.9M
$8.0M
Q4 24
$1.3M
Q3 24
$-15.3M
$10.3M
Q2 24
$3.5M
$9.0M
Q1 24
$1.9M
$8.4M
Gross Margin
EML
EML
FSBW
FSBW
Q4 25
Q3 25
22.3%
Q2 25
23.3%
Q1 25
22.4%
Q4 24
23.6%
Q3 24
25.5%
Q2 24
25.4%
Q1 24
23.9%
Operating Margin
EML
EML
FSBW
FSBW
Q4 25
25.8%
Q3 25
3.1%
29.5%
Q2 25
4.5%
26.2%
Q1 25
5.1%
26.2%
Q4 24
6.1%
27.6%
Q3 24
9.5%
26.5%
Q2 24
8.3%
31.3%
Q1 24
5.3%
29.7%
Net Margin
EML
EML
FSBW
FSBW
Q4 25
Q3 25
1.0%
23.4%
Q2 25
4.9%
20.7%
Q1 25
3.1%
22.2%
Q4 24
2.0%
Q3 24
-21.5%
27.6%
Q2 24
4.8%
24.7%
Q1 24
3.0%
23.7%
EPS (diluted)
EML
EML
FSBW
FSBW
Q4 25
$1.11
Q3 25
$0.10
$1.18
Q2 25
$0.56
$0.99
Q1 25
$0.32
$1.01
Q4 24
$0.22
$0.88
Q3 24
$-2.46
$1.29
Q2 24
$0.56
$1.13
Q1 24
$0.31
$1.06

Balance Sheet & Financial Strength

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

Metric
EML
EML
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$9.2M
$28.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$124.3M
$307.7M
Total Assets
$220.0M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EML
EML
FSBW
FSBW
Q4 25
$28.2M
Q3 25
$9.2M
$61.3M
Q2 25
$9.1M
$33.2M
Q1 25
$10.2M
$62.7M
Q4 24
$16.1M
$31.6M
Q3 24
$9.7M
$40.3M
Q2 24
$2.0M
$33.0M
Q1 24
$2.1M
$45.4M
Total Debt
EML
EML
FSBW
FSBW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$42.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EML
EML
FSBW
FSBW
Q4 25
$307.7M
Q3 25
$124.3M
$300.5M
Q2 25
$124.4M
$297.2M
Q1 25
$121.0M
$298.8M
Q4 24
$120.7M
$295.8M
Q3 24
$119.2M
$288.9M
Q2 24
$136.5M
$284.0M
Q1 24
$134.5M
$277.9M
Total Assets
EML
EML
FSBW
FSBW
Q4 25
$3.2B
Q3 25
$220.0M
$3.2B
Q2 25
$229.4M
$3.2B
Q1 25
$232.3M
$3.1B
Q4 24
$235.3M
$3.0B
Q3 24
$244.2M
$3.0B
Q2 24
$255.9M
$2.9B
Q1 24
$253.9M
$3.0B
Debt / Equity
EML
EML
FSBW
FSBW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.35×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EML
EML
FSBW
FSBW
Operating Cash FlowLast quarter
$3.1M
$72.3M
Free Cash FlowOCF − Capex
$3.1M
$51.9M
FCF MarginFCF / Revenue
5.5%
129.8%
Capex IntensityCapex / Revenue
0.1%
50.9%
Cash ConversionOCF / Net Profit
5.38×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EML
EML
FSBW
FSBW
Q4 25
$72.3M
Q3 25
$3.1M
$44.6M
Q2 25
$3.8M
$7.1M
Q1 25
$-1.8M
$8.2M
Q4 24
$11.0M
$50.8M
Q3 24
$-2.9M
$-891.0K
Q2 24
$8.4M
$9.9M
Q1 24
$2.8M
$275.0K
Free Cash Flow
EML
EML
FSBW
FSBW
Q4 25
$51.9M
Q3 25
$3.1M
$41.6M
Q2 25
$3.0M
$5.9M
Q1 25
$-2.7M
$7.8M
Q4 24
$9.0M
$49.2M
Q3 24
$-7.7M
$-1.5M
Q2 24
$7.3M
$9.6M
Q1 24
$1.1M
$-82.0K
FCF Margin
EML
EML
FSBW
FSBW
Q4 25
129.8%
Q3 25
5.5%
105.9%
Q2 25
4.3%
15.7%
Q1 25
-4.3%
21.7%
Q4 24
13.9%
137.7%
Q3 24
-10.8%
-4.1%
Q2 24
10.1%
26.6%
Q1 24
1.7%
-0.2%
Capex Intensity
EML
EML
FSBW
FSBW
Q4 25
50.9%
Q3 25
0.1%
7.7%
Q2 25
1.1%
3.5%
Q1 25
1.3%
1.0%
Q4 24
3.2%
4.6%
Q3 24
6.7%
1.7%
Q2 24
1.5%
0.8%
Q1 24
2.6%
1.0%
Cash Conversion
EML
EML
FSBW
FSBW
Q4 25
Q3 25
5.38×
4.86×
Q2 25
1.09×
0.92×
Q1 25
-0.95×
1.02×
Q4 24
8.41×
Q3 24
-0.09×
Q2 24
2.40×
1.11×
Q1 24
1.43×
0.03×

Financial Flow Comparison

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

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