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

FS Bancorp, Inc. is the larger business by last-quarter revenue ($40.0M vs $39.3M, roughly 1.0× Gorilla Technology Group Inc.). On growth, Gorilla Technology Group Inc. posted the faster year-over-year revenue change (90.2% vs 12.0%). FS Bancorp, Inc. produced more free cash flow last quarter ($51.9M vs $-12.8M).

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.

Gorilla Technology Group Inc. is a global AI technology solutions provider specializing in intelligent video analytics, smart city platforms, and cybersecurity products. It caters to government agencies, enterprise clients, and commercial partners across Asia Pacific, North America, and Europe, delivering scalable tools to boost operational efficiency and security for diverse industry use cases.

FSBW vs GRRR — Head-to-Head

Bigger by revenue
FSBW
FSBW
1.0× larger
FSBW
$40.0M
$39.3M
GRRR
Growing faster (revenue YoY)
GRRR
GRRR
+78.2% gap
GRRR
90.2%
12.0%
FSBW
More free cash flow
FSBW
FSBW
$64.8M more FCF
FSBW
$51.9M
$-12.8M
GRRR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FSBW
FSBW
GRRR
GRRR
Revenue
$40.0M
$39.3M
Net Profit
$-8.5M
Gross Margin
34.2%
Operating Margin
25.8%
-23.1%
Net Margin
-21.6%
Revenue YoY
12.0%
90.2%
Net Profit YoY
-627.6%
EPS (diluted)
$1.11
$-0.43

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
GRRR
GRRR
Q4 25
$40.0M
Q3 25
$39.3M
Q2 25
$37.3M
$39.3M
Q1 25
$36.1M
Q4 24
$35.7M
Q3 24
$37.2M
Q2 24
$36.3M
$20.7M
Q1 24
$35.5M
Net Profit
FSBW
FSBW
GRRR
GRRR
Q4 25
Q3 25
$9.2M
Q2 25
$7.7M
$-8.5M
Q1 25
$8.0M
Q4 24
Q3 24
$10.3M
Q2 24
$9.0M
$1.6M
Q1 24
$8.4M
Gross Margin
FSBW
FSBW
GRRR
GRRR
Q4 25
Q3 25
Q2 25
34.2%
Q1 25
Q4 24
Q3 24
Q2 24
85.5%
Q1 24
Operating Margin
FSBW
FSBW
GRRR
GRRR
Q4 25
25.8%
Q3 25
29.5%
Q2 25
26.2%
-23.1%
Q1 25
26.2%
Q4 24
27.6%
Q3 24
26.5%
Q2 24
31.3%
8.6%
Q1 24
29.7%
Net Margin
FSBW
FSBW
GRRR
GRRR
Q4 25
Q3 25
23.4%
Q2 25
20.7%
-21.6%
Q1 25
22.2%
Q4 24
Q3 24
27.6%
Q2 24
24.7%
7.8%
Q1 24
23.7%
EPS (diluted)
FSBW
FSBW
GRRR
GRRR
Q4 25
$1.11
Q3 25
$1.18
Q2 25
$0.99
$-0.43
Q1 25
$1.01
Q4 24
$0.88
Q3 24
$1.29
Q2 24
$1.13
$0.15
Q1 24
$1.06

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
GRRR
GRRR
Cash + ST InvestmentsLiquidity on hand
$28.2M
$10.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$307.7M
$98.2M
Total Assets
$3.2B
$162.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
GRRR
GRRR
Q4 25
$28.2M
Q3 25
$61.3M
Q2 25
$33.2M
$10.1M
Q1 25
$62.7M
Q4 24
$31.6M
Q3 24
$40.3M
Q2 24
$33.0M
$11.2M
Q1 24
$45.4M
Total Debt
FSBW
FSBW
GRRR
GRRR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$7.4M
Q1 24
Stockholders' Equity
FSBW
FSBW
GRRR
GRRR
Q4 25
$307.7M
Q3 25
$300.5M
Q2 25
$297.2M
$98.2M
Q1 25
$298.8M
Q4 24
$295.8M
Q3 24
$288.9M
Q2 24
$284.0M
$72.1M
Q1 24
$277.9M
Total Assets
FSBW
FSBW
GRRR
GRRR
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
$162.7M
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$2.9B
$133.1M
Q1 24
$3.0B
Debt / Equity
FSBW
FSBW
GRRR
GRRR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.10×
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
FSBW
FSBW
GRRR
GRRR
Operating Cash FlowLast quarter
$72.3M
$-12.5M
Free Cash FlowOCF − Capex
$51.9M
$-12.8M
FCF MarginFCF / Revenue
129.8%
-32.7%
Capex IntensityCapex / Revenue
50.9%
0.8%
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
GRRR
GRRR
Q4 25
$72.3M
Q3 25
$44.6M
Q2 25
$7.1M
$-12.5M
Q1 25
$8.2M
Q4 24
$50.8M
Q3 24
$-891.0K
Q2 24
$9.9M
$-11.3M
Q1 24
$275.0K
Free Cash Flow
FSBW
FSBW
GRRR
GRRR
Q4 25
$51.9M
Q3 25
$41.6M
Q2 25
$5.9M
$-12.8M
Q1 25
$7.8M
Q4 24
$49.2M
Q3 24
$-1.5M
Q2 24
$9.6M
$-11.6M
Q1 24
$-82.0K
FCF Margin
FSBW
FSBW
GRRR
GRRR
Q4 25
129.8%
Q3 25
105.9%
Q2 25
15.7%
-32.7%
Q1 25
21.7%
Q4 24
137.7%
Q3 24
-4.1%
Q2 24
26.6%
-56.2%
Q1 24
-0.2%
Capex Intensity
FSBW
FSBW
GRRR
GRRR
Q4 25
50.9%
Q3 25
7.7%
Q2 25
3.5%
0.8%
Q1 25
1.0%
Q4 24
4.6%
Q3 24
1.7%
Q2 24
0.8%
1.8%
Q1 24
1.0%
Cash Conversion
FSBW
FSBW
GRRR
GRRR
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
1.02×
Q4 24
Q3 24
-0.09×
Q2 24
1.11×
-6.99×
Q1 24
0.03×

Financial Flow Comparison

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

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