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

Eos Energy Enterprises, Inc. is the larger business by last-quarter revenue ($58.0M vs $40.0M, roughly 1.4× FS Bancorp, Inc.). On growth, Eos Energy Enterprises, Inc. posted the faster year-over-year revenue change (699.6% vs 12.0%). FS Bancorp, Inc. produced more free cash flow last quarter ($51.9M vs $-75.2M).

Eos Energy Enterprises, Inc. is an energy storage solutions provider that designs, produces and deploys safe long-duration zinc-based battery systems. It serves utility, commercial, industrial and microgrid customers across North America, Europe and Asia, supporting grid stability and renewable energy integration.

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.

EOSE vs FSBW — Head-to-Head

Bigger by revenue
EOSE
EOSE
1.4× larger
EOSE
$58.0M
$40.0M
FSBW
Growing faster (revenue YoY)
EOSE
EOSE
+687.6% gap
EOSE
699.6%
12.0%
FSBW
More free cash flow
FSBW
FSBW
$127.2M more FCF
FSBW
$51.9M
$-75.2M
EOSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EOSE
EOSE
FSBW
FSBW
Revenue
$58.0M
$40.0M
Net Profit
$-120.5M
Gross Margin
-93.8%
Operating Margin
-140.1%
25.8%
Net Margin
-207.7%
Revenue YoY
699.6%
12.0%
Net Profit YoY
55.1%
EPS (diluted)
$-0.53
$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
EOSE
EOSE
FSBW
FSBW
Q4 25
$58.0M
$40.0M
Q3 25
$30.5M
$39.3M
Q2 25
$15.2M
$37.3M
Q1 25
$10.5M
$36.1M
Q4 24
$7.3M
$35.7M
Q3 24
$37.2M
Q2 24
$36.3M
Q1 24
$35.5M
Net Profit
EOSE
EOSE
FSBW
FSBW
Q4 25
$-120.5M
Q3 25
$-641.4M
$9.2M
Q2 25
$-222.9M
$7.7M
Q1 25
$15.1M
$8.0M
Q4 24
$-268.1M
Q3 24
$10.3M
Q2 24
$9.0M
Q1 24
$8.4M
Gross Margin
EOSE
EOSE
FSBW
FSBW
Q4 25
-93.8%
Q3 25
-111.2%
Q2 25
-203.2%
Q1 25
-234.7%
Q4 24
-324.0%
Q3 24
Q2 24
Q1 24
Operating Margin
EOSE
EOSE
FSBW
FSBW
Q4 25
-140.1%
25.8%
Q3 25
-200.6%
29.5%
Q2 25
-419.1%
26.2%
Q1 25
-506.2%
26.2%
Q4 24
-712.8%
27.6%
Q3 24
26.5%
Q2 24
31.3%
Q1 24
29.7%
Net Margin
EOSE
EOSE
FSBW
FSBW
Q4 25
-207.7%
Q3 25
-2102.1%
23.4%
Q2 25
-1463.2%
20.7%
Q1 25
144.7%
22.2%
Q4 24
-3696.7%
Q3 24
27.6%
Q2 24
24.7%
Q1 24
23.7%
EPS (diluted)
EOSE
EOSE
FSBW
FSBW
Q4 25
$-0.53
$1.11
Q3 25
$-4.91
$1.18
Q2 25
$-1.05
$0.99
Q1 25
$-0.20
$1.01
Q4 24
$-2.30
$0.88
Q3 24
$1.29
Q2 24
$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
EOSE
EOSE
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$568.0M
$28.2M
Total DebtLower is stronger
$813.3M
Stockholders' EquityBook value
$-2.2B
$307.7M
Total Assets
$885.2M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOSE
EOSE
FSBW
FSBW
Q4 25
$568.0M
$28.2M
Q3 25
$58.7M
$61.3M
Q2 25
$120.2M
$33.2M
Q1 25
$82.6M
$62.7M
Q4 24
$74.3M
$31.6M
Q3 24
$40.3M
Q2 24
$33.0M
Q1 24
$45.4M
Total Debt
EOSE
EOSE
FSBW
FSBW
Q4 25
$813.3M
Q3 25
$448.5M
Q2 25
$445.3M
Q1 25
$325.5M
Q4 24
$316.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EOSE
EOSE
FSBW
FSBW
Q4 25
$-2.2B
$307.7M
Q3 25
$-2.3B
$300.5M
Q2 25
$-1.1B
$297.2M
Q1 25
$-942.2M
$298.8M
Q4 24
$-1.1B
$295.8M
Q3 24
$288.9M
Q2 24
$284.0M
Q1 24
$277.9M
Total Assets
EOSE
EOSE
FSBW
FSBW
Q4 25
$885.2M
$3.2B
Q3 25
$328.2M
$3.2B
Q2 25
$361.0M
$3.2B
Q1 25
$263.3M
$3.1B
Q4 24
$260.3M
$3.0B
Q3 24
$3.0B
Q2 24
$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
EOSE
EOSE
FSBW
FSBW
Operating Cash FlowLast quarter
$-50.3M
$72.3M
Free Cash FlowOCF − Capex
$-75.2M
$51.9M
FCF MarginFCF / Revenue
-129.7%
129.8%
Capex IntensityCapex / Revenue
43.1%
50.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-265.0M
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOSE
EOSE
FSBW
FSBW
Q4 25
$-50.3M
$72.3M
Q3 25
$-65.9M
$44.6M
Q2 25
$-66.1M
$7.1M
Q1 25
$-28.9M
$8.2M
Q4 24
$-42.7M
$50.8M
Q3 24
$-891.0K
Q2 24
$9.9M
Q1 24
$275.0K
Free Cash Flow
EOSE
EOSE
FSBW
FSBW
Q4 25
$-75.2M
$51.9M
Q3 25
$-82.7M
$41.6M
Q2 25
$-73.2M
$5.9M
Q1 25
$-33.8M
$7.8M
Q4 24
$-55.8M
$49.2M
Q3 24
$-1.5M
Q2 24
$9.6M
Q1 24
$-82.0K
FCF Margin
EOSE
EOSE
FSBW
FSBW
Q4 25
-129.7%
129.8%
Q3 25
-271.1%
105.9%
Q2 25
-480.2%
15.7%
Q1 25
-323.6%
21.7%
Q4 24
-769.1%
137.7%
Q3 24
-4.1%
Q2 24
26.6%
Q1 24
-0.2%
Capex Intensity
EOSE
EOSE
FSBW
FSBW
Q4 25
43.1%
50.9%
Q3 25
55.2%
7.7%
Q2 25
46.2%
3.5%
Q1 25
47.0%
1.0%
Q4 24
180.6%
4.6%
Q3 24
1.7%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
EOSE
EOSE
FSBW
FSBW
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
-1.91×
1.02×
Q4 24
Q3 24
-0.09×
Q2 24
1.11×
Q1 24
0.03×

Financial Flow Comparison

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

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