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

ESCALADE INC is the larger business by last-quarter revenue ($62.6M vs $40.0M, roughly 1.6× FS Bancorp, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% vs -2.2%). FS Bancorp, Inc. produced more free cash flow last quarter ($51.9M vs $13.7M). Over the past eight quarters, FS Bancorp, Inc.'s revenue compounded faster (6.2% CAGR vs 4.5%).

Escalade Inc is a global sporting goods manufacturer and distributor that offers basketball systems, archery equipment, table tennis gear, game tables, and outdoor recreation accessories. It operates primarily across North America, Europe, and Asia Pacific, serving consumer retail, commercial fitness, and specialty sports segments.

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.

ESCA vs FSBW — Head-to-Head

Bigger by revenue
ESCA
ESCA
1.6× larger
ESCA
$62.6M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+14.2% gap
FSBW
12.0%
-2.2%
ESCA
More free cash flow
FSBW
FSBW
$38.3M more FCF
FSBW
$51.9M
$13.7M
ESCA
Faster 2-yr revenue CAGR
FSBW
FSBW
Annualised
FSBW
6.2%
4.5%
ESCA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESCA
ESCA
FSBW
FSBW
Revenue
$62.6M
$40.0M
Net Profit
$3.7M
Gross Margin
27.7%
Operating Margin
8.2%
25.8%
Net Margin
5.9%
Revenue YoY
-2.2%
12.0%
Net Profit YoY
37.1%
EPS (diluted)
$0.27
$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
ESCA
ESCA
FSBW
FSBW
Q4 25
$62.6M
$40.0M
Q3 25
$67.8M
$39.3M
Q2 25
$54.3M
$37.3M
Q1 25
$55.5M
$36.1M
Q4 24
$63.9M
$35.7M
Q3 24
$67.7M
$37.2M
Q2 24
$62.5M
$36.3M
Q1 24
$57.3M
$35.5M
Net Profit
ESCA
ESCA
FSBW
FSBW
Q4 25
$3.7M
Q3 25
$5.6M
$9.2M
Q2 25
$1.8M
$7.7M
Q1 25
$2.6M
$8.0M
Q4 24
$2.7M
Q3 24
$5.7M
$10.3M
Q2 24
$2.8M
$9.0M
Q1 24
$1.8M
$8.4M
Gross Margin
ESCA
ESCA
FSBW
FSBW
Q4 25
27.7%
Q3 25
28.1%
Q2 25
24.7%
Q1 25
26.7%
Q4 24
24.9%
Q3 24
24.8%
Q2 24
24.2%
Q1 24
25.0%
Operating Margin
ESCA
ESCA
FSBW
FSBW
Q4 25
8.2%
25.8%
Q3 25
10.8%
29.5%
Q2 25
4.8%
26.2%
Q1 25
6.6%
26.2%
Q4 24
7.1%
27.6%
Q3 24
11.8%
26.5%
Q2 24
7.1%
31.3%
Q1 24
5.3%
29.7%
Net Margin
ESCA
ESCA
FSBW
FSBW
Q4 25
5.9%
Q3 25
8.2%
23.4%
Q2 25
3.4%
20.7%
Q1 25
4.7%
22.2%
Q4 24
4.2%
Q3 24
8.4%
27.6%
Q2 24
4.5%
24.7%
Q1 24
3.1%
23.7%
EPS (diluted)
ESCA
ESCA
FSBW
FSBW
Q4 25
$0.27
$1.11
Q3 25
$0.40
$1.18
Q2 25
$0.13
$0.99
Q1 25
$0.19
$1.01
Q4 24
$0.20
$0.88
Q3 24
$0.40
$1.29
Q2 24
$0.20
$1.13
Q1 24
$0.13
$1.06

Balance Sheet & Financial Strength

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

Metric
ESCA
ESCA
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$28.2M
Total DebtLower is stronger
$18.5M
Stockholders' EquityBook value
$173.2M
$307.7M
Total Assets
$222.1M
$3.2B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESCA
ESCA
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
$33.0M
Q1 24
$45.4M
Total Debt
ESCA
ESCA
FSBW
FSBW
Q4 25
$18.5M
Q3 25
Q2 25
Q1 25
Q4 24
$25.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESCA
ESCA
FSBW
FSBW
Q4 25
$173.2M
$307.7M
Q3 25
$172.3M
$300.5M
Q2 25
$168.3M
$297.2M
Q1 25
$168.8M
$298.8M
Q4 24
$169.0M
$295.8M
Q3 24
$170.1M
$288.9M
Q2 24
$166.0M
$284.0M
Q1 24
$164.7M
$277.9M
Total Assets
ESCA
ESCA
FSBW
FSBW
Q4 25
$222.1M
$3.2B
Q3 25
$232.5M
$3.2B
Q2 25
$218.3M
$3.2B
Q1 25
$222.1M
$3.1B
Q4 24
$226.3M
$3.0B
Q3 24
$244.9M
$3.0B
Q2 24
$243.1M
$2.9B
Q1 24
$256.3M
$3.0B
Debt / Equity
ESCA
ESCA
FSBW
FSBW
Q4 25
0.11×
Q3 25
Q2 25
Q1 25
Q4 24
0.15×
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
ESCA
ESCA
FSBW
FSBW
Operating Cash FlowLast quarter
$14.9M
$72.3M
Free Cash FlowOCF − Capex
$13.7M
$51.9M
FCF MarginFCF / Revenue
21.8%
129.8%
Capex IntensityCapex / Revenue
2.0%
50.9%
Cash ConversionOCF / Net Profit
4.02×
TTM Free Cash FlowTrailing 4 quarters
$28.5M
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESCA
ESCA
FSBW
FSBW
Q4 25
$14.9M
$72.3M
Q3 25
$-965.0K
$44.6M
Q2 25
$13.3M
$7.1M
Q1 25
$3.8M
$8.2M
Q4 24
$12.3M
$50.8M
Q3 24
$10.5M
$-891.0K
Q2 24
$13.3M
$9.9M
Q1 24
$7.0K
$275.0K
Free Cash Flow
ESCA
ESCA
FSBW
FSBW
Q4 25
$13.7M
$51.9M
Q3 25
$-1.3M
$41.6M
Q2 25
$12.9M
$5.9M
Q1 25
$3.2M
$7.8M
Q4 24
$11.7M
$49.2M
Q3 24
$10.2M
$-1.5M
Q2 24
$12.5M
$9.6M
Q1 24
$-350.0K
$-82.0K
FCF Margin
ESCA
ESCA
FSBW
FSBW
Q4 25
21.8%
129.8%
Q3 25
-1.9%
105.9%
Q2 25
23.7%
15.7%
Q1 25
5.9%
21.7%
Q4 24
18.4%
137.7%
Q3 24
15.0%
-4.1%
Q2 24
20.0%
26.6%
Q1 24
-0.6%
-0.2%
Capex Intensity
ESCA
ESCA
FSBW
FSBW
Q4 25
2.0%
50.9%
Q3 25
0.4%
7.7%
Q2 25
0.8%
3.5%
Q1 25
1.0%
1.0%
Q4 24
0.9%
4.6%
Q3 24
0.5%
1.7%
Q2 24
1.3%
0.8%
Q1 24
0.6%
1.0%
Cash Conversion
ESCA
ESCA
FSBW
FSBW
Q4 25
4.02×
Q3 25
-0.17×
4.86×
Q2 25
7.28×
0.92×
Q1 25
1.45×
1.02×
Q4 24
4.55×
Q3 24
1.85×
-0.09×
Q2 24
4.67×
1.11×
Q1 24
0.00×
0.03×

Financial Flow Comparison

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

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