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

Limoneira CO is the larger business by last-quarter revenue ($41.3M vs $40.0M, roughly 1.0× FS Bancorp, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% vs -2.8%). Over the past eight quarters, FS Bancorp, Inc.'s revenue compounded faster (6.2% CAGR 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.

Limoneira Company is a leading agribusiness headquartered in California, the U.S. It primarily cultivates, processes and distributes premium citrus fruits, avocados and other specialty agricultural products. It operates across North American, Asian and European markets, serving retail and food service clients, alongside a sustainable land real estate development segment.

FSBW vs LMNR — Head-to-Head

Bigger by revenue
LMNR
LMNR
1.0× larger
LMNR
$41.3M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+14.7% gap
FSBW
12.0%
-2.8%
LMNR
Faster 2-yr revenue CAGR
FSBW
FSBW
Annualised
FSBW
6.2%
3.8%
LMNR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSBW
FSBW
LMNR
LMNR
Revenue
$40.0M
$41.3M
Net Profit
$-8.7M
Gross Margin
-15.1%
Operating Margin
25.8%
-26.8%
Net Margin
-21.0%
Revenue YoY
12.0%
-2.8%
Net Profit YoY
-367.5%
EPS (diluted)
$1.11
$-0.49

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
LMNR
LMNR
Q4 25
$40.0M
$41.3M
Q3 25
$39.3M
$45.9M
Q2 25
$37.3M
$33.6M
Q1 25
$36.1M
$32.9M
Q4 24
$35.7M
$42.5M
Q3 24
$37.2M
$61.8M
Q2 24
$36.3M
$43.3M
Q1 24
$35.5M
$38.3M
Net Profit
FSBW
FSBW
LMNR
LMNR
Q4 25
$-8.7M
Q3 25
$9.2M
$-855.0K
Q2 25
$7.7M
$-3.4M
Q1 25
$8.0M
$-3.1M
Q4 24
$-1.9M
Q3 24
$10.3M
$6.6M
Q2 24
$9.0M
$6.6M
Q1 24
$8.4M
$-3.6M
Gross Margin
FSBW
FSBW
LMNR
LMNR
Q4 25
-15.1%
Q3 25
8.5%
Q2 25
5.6%
Q1 25
-2.0%
Q4 24
6.3%
Q3 24
26.5%
Q2 24
6.5%
Q1 24
-2.0%
Operating Margin
FSBW
FSBW
LMNR
LMNR
Q4 25
25.8%
-26.8%
Q3 25
29.5%
-1.4%
Q2 25
26.2%
-10.0%
Q1 25
26.2%
-16.3%
Q4 24
27.6%
-6.5%
Q3 24
26.5%
14.5%
Q2 24
31.3%
-10.8%
Q1 24
29.7%
-20.2%
Net Margin
FSBW
FSBW
LMNR
LMNR
Q4 25
-21.0%
Q3 25
23.4%
-1.9%
Q2 25
20.7%
-10.0%
Q1 25
22.2%
-9.4%
Q4 24
-4.4%
Q3 24
27.6%
10.7%
Q2 24
24.7%
15.2%
Q1 24
23.7%
-9.4%
EPS (diluted)
FSBW
FSBW
LMNR
LMNR
Q4 25
$1.11
$-0.49
Q3 25
$1.18
$-0.06
Q2 25
$0.99
$-0.20
Q1 25
$1.01
$-0.18
Q4 24
$0.88
$-0.09
Q3 24
$1.29
$0.35
Q2 24
$1.13
$0.35
Q1 24
$1.06
$-0.21

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
LMNR
LMNR
Cash + ST InvestmentsLiquidity on hand
$28.2M
Total DebtLower is stronger
$72.5M
Stockholders' EquityBook value
$307.7M
$180.0M
Total Assets
$3.2B
$311.1M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
LMNR
LMNR
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
FSBW
FSBW
LMNR
LMNR
Q4 25
$72.5M
Q3 25
$63.4M
Q2 25
$55.0M
Q1 25
$58.0M
Q4 24
$40.6M
Q3 24
$40.6M
Q2 24
$60.1M
Q1 24
$52.1M
Stockholders' Equity
FSBW
FSBW
LMNR
LMNR
Q4 25
$307.7M
$180.0M
Q3 25
$300.5M
$180.3M
Q2 25
$297.2M
$182.7M
Q1 25
$298.8M
$186.5M
Q4 24
$295.8M
$191.7M
Q3 24
$288.9M
$194.9M
Q2 24
$284.0M
$189.0M
Q1 24
$277.9M
$184.2M
Total Assets
FSBW
FSBW
LMNR
LMNR
Q4 25
$3.2B
$311.1M
Q3 25
$3.2B
$299.9M
Q2 25
$3.2B
$296.6M
Q1 25
$3.1B
$301.4M
Q4 24
$3.0B
$298.8M
Q3 24
$3.0B
$307.3M
Q2 24
$2.9B
$322.2M
Q1 24
$3.0B
$299.6M
Debt / Equity
FSBW
FSBW
LMNR
LMNR
Q4 25
0.40×
Q3 25
0.35×
Q2 25
0.30×
Q1 25
0.31×
Q4 24
0.21×
Q3 24
0.21×
Q2 24
0.32×
Q1 24
0.28×

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
LMNR
LMNR
Operating Cash FlowLast quarter
$72.3M
$942.0K
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
LMNR
LMNR
Q4 25
$72.3M
$942.0K
Q3 25
$44.6M
$-3.0M
Q2 25
$7.1M
$8.9M
Q1 25
$8.2M
$-12.9M
Q4 24
$50.8M
$6.6M
Q3 24
$-891.0K
$24.6M
Q2 24
$9.9M
$-3.0M
Q1 24
$275.0K
$-10.3M
Free Cash Flow
FSBW
FSBW
LMNR
LMNR
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
LMNR
LMNR
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
LMNR
LMNR
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
LMNR
LMNR
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
1.02×
Q4 24
Q3 24
-0.09×
3.73×
Q2 24
1.11×
-0.46×
Q1 24
0.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSBW
FSBW

Segment breakdown not available.

LMNR
LMNR

Lemon Packing$33.9M82%
Other Agribusiness$5.8M14%
Fresh Lemons$1.3M3%

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