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

Evolus, Inc. is the larger business by last-quarter revenue ($73.1M 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 6.7%). Over the past eight quarters, FS Bancorp, Inc.'s revenue compounded faster (6.2% CAGR vs 4.6%).

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

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.

EOLS vs FSBW — Head-to-Head

Bigger by revenue
EOLS
EOLS
1.8× larger
EOLS
$73.1M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+5.3% gap
FSBW
12.0%
6.7%
EOLS
Faster 2-yr revenue CAGR
FSBW
FSBW
Annualised
FSBW
6.2%
4.6%
EOLS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EOLS
EOLS
FSBW
FSBW
Revenue
$73.1M
$40.0M
Net Profit
$-10.7M
Gross Margin
66.9%
Operating Margin
23.8%
25.8%
Net Margin
-14.6%
Revenue YoY
6.7%
12.0%
Net Profit YoY
EPS (diluted)
$-0.16
$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
EOLS
EOLS
FSBW
FSBW
Q1 26
$73.1M
Q4 25
$90.3M
$40.0M
Q3 25
$69.0M
$39.3M
Q2 25
$69.4M
$37.3M
Q1 25
$68.5M
$36.1M
Q4 24
$78.9M
$35.7M
Q3 24
$61.1M
$37.2M
Q2 24
$66.9M
$36.3M
Net Profit
EOLS
EOLS
FSBW
FSBW
Q1 26
$-10.7M
Q4 25
$130.0K
Q3 25
$-15.7M
$9.2M
Q2 25
$-17.1M
$7.7M
Q1 25
$-18.9M
$8.0M
Q4 24
$-6.8M
Q3 24
$-19.2M
$10.3M
Q2 24
$-11.3M
$9.0M
Gross Margin
EOLS
EOLS
FSBW
FSBW
Q1 26
66.9%
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Operating Margin
EOLS
EOLS
FSBW
FSBW
Q1 26
23.8%
Q4 25
4.7%
25.8%
Q3 25
-16.7%
29.5%
Q2 25
-14.7%
26.2%
Q1 25
-22.1%
26.2%
Q4 24
-2.9%
27.6%
Q3 24
-25.3%
26.5%
Q2 24
-11.5%
31.3%
Net Margin
EOLS
EOLS
FSBW
FSBW
Q1 26
-14.6%
Q4 25
0.1%
Q3 25
-22.8%
23.4%
Q2 25
-24.7%
20.7%
Q1 25
-27.6%
22.2%
Q4 24
-8.6%
Q3 24
-31.4%
27.6%
Q2 24
-17.0%
24.7%
EPS (diluted)
EOLS
EOLS
FSBW
FSBW
Q1 26
$-0.16
Q4 25
$0.01
$1.11
Q3 25
$-0.24
$1.18
Q2 25
$-0.27
$0.99
Q1 25
$-0.30
$1.01
Q4 24
$-0.11
$0.88
Q3 24
$-0.30
$1.29
Q2 24
$-0.18
$1.13

Balance Sheet & Financial Strength

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

Metric
EOLS
EOLS
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$49.8M
$28.2M
Total DebtLower is stronger
$156.4M
Stockholders' EquityBook value
$307.7M
Total Assets
$220.6M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOLS
EOLS
FSBW
FSBW
Q1 26
$49.8M
Q4 25
$53.8M
$28.2M
Q3 25
$43.5M
$61.3M
Q2 25
$61.7M
$33.2M
Q1 25
$67.9M
$62.7M
Q4 24
$87.0M
$31.6M
Q3 24
$85.0M
$40.3M
Q2 24
$93.7M
$33.0M
Total Debt
EOLS
EOLS
FSBW
FSBW
Q1 26
$156.4M
Q4 25
$146.1M
Q3 25
Q2 25
Q1 25
$121.8M
Q4 24
$121.5M
Q3 24
$121.2M
Q2 24
$120.9M
Stockholders' Equity
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
$-23.1M
$307.7M
Q3 25
$-28.8M
$300.5M
Q2 25
$-18.7M
$297.2M
Q1 25
$-6.6M
$298.8M
Q4 24
$5.5M
$295.8M
Q3 24
$5.9M
$288.9M
Q2 24
$19.3M
$284.0M
Total Assets
EOLS
EOLS
FSBW
FSBW
Q1 26
$220.6M
Q4 25
$225.9M
$3.2B
Q3 25
$219.0M
$3.2B
Q2 25
$228.8M
$3.2B
Q1 25
$213.4M
$3.1B
Q4 24
$232.6M
$3.0B
Q3 24
$229.6M
$3.0B
Q2 24
$233.8M
$2.9B
Debt / Equity
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
22.00×
Q3 24
20.58×
Q2 24
6.26×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
$12.8M
$72.3M
Q3 25
$-14.7M
$44.6M
Q2 25
$-24.8M
$7.1M
Q1 25
$-15.6M
$8.2M
Q4 24
$4.8M
$50.8M
Q3 24
$-5.7M
$-891.0K
Q2 24
$-6.5M
$9.9M
Free Cash Flow
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
$11.3M
$51.9M
Q3 25
$-15.6M
$41.6M
Q2 25
$-25.5M
$5.9M
Q1 25
$-16.0M
$7.8M
Q4 24
$4.4M
$49.2M
Q3 24
$-6.0M
$-1.5M
Q2 24
$-6.9M
$9.6M
FCF Margin
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
12.6%
129.8%
Q3 25
-22.7%
105.9%
Q2 25
-36.7%
15.7%
Q1 25
-23.3%
21.7%
Q4 24
5.5%
137.7%
Q3 24
-9.9%
-4.1%
Q2 24
-10.4%
26.6%
Capex Intensity
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
1.6%
50.9%
Q3 25
1.4%
7.7%
Q2 25
1.0%
3.5%
Q1 25
0.5%
1.0%
Q4 24
0.6%
4.6%
Q3 24
0.5%
1.7%
Q2 24
0.7%
0.8%
Cash Conversion
EOLS
EOLS
FSBW
FSBW
Q1 26
Q4 25
98.67×
Q3 25
4.86×
Q2 25
0.92×
Q1 25
1.02×
Q4 24
Q3 24
-0.09×
Q2 24
1.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EOLS
EOLS

Product revenue, net$72.7M99%
Service revenue$390.0K1%

FSBW
FSBW

Segment breakdown not available.

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