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Side-by-side financial comparison of FS Bancorp, Inc. (FSBW) and Liberty Live Holdings, Inc. (LLYVA). Click either name above to swap in a different company.

Liberty Live Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $40.0M, roughly 1.5× FS Bancorp, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% vs -3.8%).

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.

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

FSBW vs LLYVA — Head-to-Head

Bigger by revenue
LLYVA
LLYVA
1.5× larger
LLYVA
$61.7M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+15.8% gap
FSBW
12.0%
-3.8%
LLYVA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FSBW
FSBW
LLYVA
LLYVA
Revenue
$40.0M
$61.7M
Net Profit
$-55.7M
Gross Margin
20.6%
Operating Margin
25.8%
-27.2%
Net Margin
-90.3%
Revenue YoY
12.0%
-3.8%
Net Profit YoY
-464.7%
EPS (diluted)
$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
FSBW
FSBW
LLYVA
LLYVA
Q4 25
$40.0M
Q3 25
$39.3M
$61.7M
Q2 25
$37.3M
Q1 25
$36.1M
Q4 24
$35.7M
Q3 24
$37.2M
$64.2M
Q2 24
$36.3M
Q1 24
$35.5M
Net Profit
FSBW
FSBW
LLYVA
LLYVA
Q4 25
Q3 25
$9.2M
$-55.7M
Q2 25
$7.7M
Q1 25
$8.0M
Q4 24
Q3 24
$10.3M
$15.3M
Q2 24
$9.0M
Q1 24
$8.4M
Gross Margin
FSBW
FSBW
LLYVA
LLYVA
Q4 25
Q3 25
20.6%
Q2 25
Q1 25
Q4 24
Q3 24
13.2%
Q2 24
Q1 24
Operating Margin
FSBW
FSBW
LLYVA
LLYVA
Q4 25
25.8%
Q3 25
29.5%
-27.2%
Q2 25
26.2%
Q1 25
26.2%
Q4 24
27.6%
Q3 24
26.5%
-22.6%
Q2 24
31.3%
Q1 24
29.7%
Net Margin
FSBW
FSBW
LLYVA
LLYVA
Q4 25
Q3 25
23.4%
-90.3%
Q2 25
20.7%
Q1 25
22.2%
Q4 24
Q3 24
27.6%
23.8%
Q2 24
24.7%
Q1 24
23.7%
EPS (diluted)
FSBW
FSBW
LLYVA
LLYVA
Q4 25
$1.11
Q3 25
$1.18
Q2 25
$0.99
Q1 25
$1.01
Q4 24
$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
FSBW
FSBW
LLYVA
LLYVA
Cash + ST InvestmentsLiquidity on hand
$28.2M
$375.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$307.7M
$-409.2M
Total Assets
$3.2B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
LLYVA
LLYVA
Q4 25
$28.2M
Q3 25
$61.3M
$375.8M
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
FSBW
FSBW
LLYVA
LLYVA
Q4 25
Q3 25
$1.9B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FSBW
FSBW
LLYVA
LLYVA
Q4 25
$307.7M
Q3 25
$300.5M
$-409.2M
Q2 25
$297.2M
Q1 25
$298.8M
Q4 24
$295.8M
Q3 24
$288.9M
$44.6M
Q2 24
$284.0M
Q1 24
$277.9M
Total Assets
FSBW
FSBW
LLYVA
LLYVA
Q4 25
$3.2B
Q3 25
$3.2B
$1.9B
Q2 25
$3.2B
Q1 25
$3.1B
Q4 24
$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
FSBW
FSBW
LLYVA
LLYVA
Operating Cash FlowLast quarter
$72.3M
$-28.9M
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
LLYVA
LLYVA
Q4 25
$72.3M
Q3 25
$44.6M
$-28.9M
Q2 25
$7.1M
Q1 25
$8.2M
Q4 24
$50.8M
Q3 24
$-891.0K
Q2 24
$9.9M
Q1 24
$275.0K
Free Cash Flow
FSBW
FSBW
LLYVA
LLYVA
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
LLYVA
LLYVA
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
LLYVA
LLYVA
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
LLYVA
LLYVA
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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