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

KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $40.0M, roughly 1.2× FS Bancorp, Inc.). On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs 12.0%). Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% 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.

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

FSBW vs KMDA — Head-to-Head

Bigger by revenue
KMDA
KMDA
1.2× larger
KMDA
$47.0M
$40.0M
FSBW
Growing faster (revenue YoY)
KMDA
KMDA
+0.6% gap
KMDA
12.6%
12.0%
FSBW
Faster 2-yr revenue CAGR
KMDA
KMDA
Annualised
KMDA
12.0%
6.2%
FSBW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FSBW
FSBW
KMDA
KMDA
Revenue
$40.0M
$47.0M
Net Profit
$5.3M
Gross Margin
42.0%
Operating Margin
25.8%
16.6%
Net Margin
11.3%
Revenue YoY
12.0%
12.6%
Net Profit YoY
37.1%
EPS (diluted)
$1.11
$0.09

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
KMDA
KMDA
Q4 25
$40.0M
Q3 25
$39.3M
$47.0M
Q2 25
$37.3M
$44.8M
Q1 25
$36.1M
$44.0M
Q4 24
$35.7M
Q3 24
$37.2M
$41.7M
Q2 24
$36.3M
$42.5M
Q1 24
$35.5M
$37.7M
Net Profit
FSBW
FSBW
KMDA
KMDA
Q4 25
Q3 25
$9.2M
$5.3M
Q2 25
$7.7M
$7.4M
Q1 25
$8.0M
$4.0M
Q4 24
Q3 24
$10.3M
$3.9M
Q2 24
$9.0M
$4.4M
Q1 24
$8.4M
$2.4M
Gross Margin
FSBW
FSBW
KMDA
KMDA
Q4 25
Q3 25
42.0%
Q2 25
42.3%
Q1 25
47.1%
Q4 24
Q3 24
41.3%
Q2 24
44.6%
Q1 24
44.4%
Operating Margin
FSBW
FSBW
KMDA
KMDA
Q4 25
25.8%
Q3 25
29.5%
16.6%
Q2 25
26.2%
15.8%
Q1 25
26.2%
17.7%
Q4 24
27.6%
Q3 24
26.5%
12.7%
Q2 24
31.3%
13.3%
Q1 24
29.7%
10.7%
Net Margin
FSBW
FSBW
KMDA
KMDA
Q4 25
Q3 25
23.4%
11.3%
Q2 25
20.7%
16.5%
Q1 25
22.2%
9.0%
Q4 24
Q3 24
27.6%
9.3%
Q2 24
24.7%
10.4%
Q1 24
23.7%
6.3%
EPS (diluted)
FSBW
FSBW
KMDA
KMDA
Q4 25
$1.11
Q3 25
$1.18
$0.09
Q2 25
$0.99
$0.13
Q1 25
$1.01
$0.07
Q4 24
$0.88
Q3 24
$1.29
$0.07
Q2 24
$1.13
$0.08
Q1 24
$1.06
$0.04

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
KMDA
KMDA
Cash + ST InvestmentsLiquidity on hand
$28.2M
$72.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$307.7M
$265.2M
Total Assets
$3.2B
$377.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
KMDA
KMDA
Q4 25
$28.2M
Q3 25
$61.3M
$72.0M
Q2 25
$33.2M
$66.0M
Q1 25
$62.7M
$76.3M
Q4 24
$31.6M
Q3 24
$40.3M
$72.0M
Q2 24
$33.0M
$56.5M
Q1 24
$45.4M
$48.2M
Stockholders' Equity
FSBW
FSBW
KMDA
KMDA
Q4 25
$307.7M
Q3 25
$300.5M
$265.2M
Q2 25
$297.2M
$260.0M
Q1 25
$298.8M
$252.0M
Q4 24
$295.8M
Q3 24
$288.9M
$255.3M
Q2 24
$284.0M
$251.2M
Q1 24
$277.9M
$251.2M
Total Assets
FSBW
FSBW
KMDA
KMDA
Q4 25
$3.2B
Q3 25
$3.2B
$377.2M
Q2 25
$3.2B
$368.2M
Q1 25
$3.1B
$375.1M
Q4 24
$3.0B
Q3 24
$3.0B
$351.2M
Q2 24
$2.9B
$351.0M
Q1 24
$3.0B
$343.2M

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
KMDA
KMDA
Operating Cash FlowLast quarter
$72.3M
$10.4M
Free Cash FlowOCF − Capex
$51.9M
FCF MarginFCF / Revenue
129.8%
Capex IntensityCapex / Revenue
50.9%
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSBW
FSBW
KMDA
KMDA
Q4 25
$72.3M
Q3 25
$44.6M
$10.4M
Q2 25
$7.1M
$8.0M
Q1 25
$8.2M
$-513.0K
Q4 24
$50.8M
Q3 24
$-891.0K
$22.2M
Q2 24
$9.9M
$14.0M
Q1 24
$275.0K
$1.0M
Free Cash Flow
FSBW
FSBW
KMDA
KMDA
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
Q1 24
$-82.0K
FCF Margin
FSBW
FSBW
KMDA
KMDA
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%
Q1 24
-0.2%
Capex Intensity
FSBW
FSBW
KMDA
KMDA
Q4 25
50.9%
Q3 25
7.7%
Q2 25
3.5%
Q1 25
1.0%
Q4 24
4.6%
Q3 24
1.7%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
FSBW
FSBW
KMDA
KMDA
Q4 25
Q3 25
4.86×
1.97×
Q2 25
0.92×
1.09×
Q1 25
1.02×
-0.13×
Q4 24
Q3 24
-0.09×
5.75×
Q2 24
1.11×
3.15×
Q1 24
0.03×
0.43×

Financial Flow Comparison

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

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