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

GERON CORP is the larger business by last-quarter revenue ($47.2M vs $40.0M, roughly 1.2× FS Bancorp, Inc.). On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs 12.0%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs 6.2%).

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.

Geron Corporation is a biotechnology company located in Foster City, California which specializes in developing and commercializing therapeutic products for cancer that inhibit telomerase.

FSBW vs GERN — Head-to-Head

Bigger by revenue
GERN
GERN
1.2× larger
GERN
$47.2M
$40.0M
FSBW
Growing faster (revenue YoY)
GERN
GERN
+55.1% gap
GERN
67.1%
12.0%
FSBW
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
6.2%
FSBW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FSBW
FSBW
GERN
GERN
Revenue
$40.0M
$47.2M
Net Profit
$-18.4M
Gross Margin
Operating Margin
25.8%
-29.4%
Net Margin
-39.0%
Revenue YoY
12.0%
67.1%
Net Profit YoY
30.3%
EPS (diluted)
$1.11
$-0.03

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
FSBW
FSBW
GERN
GERN
Q4 25
$40.0M
Q3 25
$39.3M
$47.2M
Q2 25
$37.3M
$49.0M
Q1 25
$36.1M
$39.6M
Q4 24
$35.7M
Q3 24
$37.2M
$28.3M
Q2 24
$36.3M
$882.0K
Q1 24
$35.5M
$304.0K
Net Profit
FSBW
FSBW
GERN
GERN
Q4 25
Q3 25
$9.2M
$-18.4M
Q2 25
$7.7M
$-16.4M
Q1 25
$8.0M
$-19.8M
Q4 24
Q3 24
$10.3M
$-26.4M
Q2 24
$9.0M
$-67.4M
Q1 24
$8.4M
$-55.4M
Operating Margin
FSBW
FSBW
GERN
GERN
Q4 25
25.8%
Q3 25
29.5%
-29.4%
Q2 25
26.2%
-25.4%
Q1 25
26.2%
-42.2%
Q4 24
27.6%
Q3 24
26.5%
-99.8%
Q2 24
31.3%
-7860.9%
Q1 24
29.7%
-18465.1%
Net Margin
FSBW
FSBW
GERN
GERN
Q4 25
Q3 25
23.4%
-39.0%
Q2 25
20.7%
-33.4%
Q1 25
22.2%
-50.1%
Q4 24
Q3 24
27.6%
-93.5%
Q2 24
24.7%
-7639.8%
Q1 24
23.7%
-18220.4%
EPS (diluted)
FSBW
FSBW
GERN
GERN
Q4 25
$1.11
Q3 25
$1.18
$-0.03
Q2 25
$0.99
$-0.02
Q1 25
$1.01
$-0.03
Q4 24
$0.88
Q3 24
$1.29
$-0.04
Q2 24
$1.13
$-0.10
Q1 24
$1.06
$-0.09

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
GERN
GERN
Cash + ST InvestmentsLiquidity on hand
$28.2M
$78.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$307.7M
$248.7M
Total Assets
$3.2B
$567.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
GERN
GERN
Q4 25
$28.2M
Q3 25
$61.3M
$78.1M
Q2 25
$33.2M
$77.7M
Q1 25
$62.7M
$83.7M
Q4 24
$31.6M
Q3 24
$40.3M
$60.3M
Q2 24
$33.0M
$116.9M
Q1 24
$45.4M
$189.8M
Stockholders' Equity
FSBW
FSBW
GERN
GERN
Q4 25
$307.7M
Q3 25
$300.5M
$248.7M
Q2 25
$297.2M
$259.5M
Q1 25
$298.8M
$268.2M
Q4 24
$295.8M
Q3 24
$288.9M
$292.3M
Q2 24
$284.0M
$306.7M
Q1 24
$277.9M
$344.9M
Total Assets
FSBW
FSBW
GERN
GERN
Q4 25
$3.2B
Q3 25
$3.2B
$567.4M
Q2 25
$3.2B
$555.2M
Q1 25
$3.1B
$562.5M
Q4 24
$3.0B
Q3 24
$3.0B
$444.9M
Q2 24
$2.9B
$449.4M
Q1 24
$3.0B
$482.1M

Cash Flow & Capital Efficiency

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

Metric
FSBW
FSBW
GERN
GERN
Operating Cash FlowLast quarter
$72.3M
$-13.6M
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
FSBW
FSBW
GERN
GERN
Q4 25
$72.3M
Q3 25
$44.6M
$-13.6M
Q2 25
$7.1M
$-27.4M
Q1 25
$8.2M
$-48.0M
Q4 24
$50.8M
Q3 24
$-891.0K
$-58.9M
Q2 24
$9.9M
$-53.5M
Q1 24
$275.0K
$-62.3M
Free Cash Flow
FSBW
FSBW
GERN
GERN
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
$-53.7M
Q1 24
$-82.0K
$-62.9M
FCF Margin
FSBW
FSBW
GERN
GERN
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%
-6086.6%
Q1 24
-0.2%
-20680.3%
Capex Intensity
FSBW
FSBW
GERN
GERN
Q4 25
50.9%
Q3 25
7.7%
Q2 25
3.5%
Q1 25
1.0%
Q4 24
4.6%
Q3 24
1.7%
0.0%
Q2 24
0.8%
23.4%
Q1 24
1.0%
202.3%
Cash Conversion
FSBW
FSBW
GERN
GERN
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
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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