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Side-by-side financial comparison of FS Bancorp, Inc. (FSBW) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $40.0M, roughly 1.7× FS Bancorp, Inc.). On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 12.0%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

FSBW vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.7× larger
RIGL
$69.8M
$40.0M
FSBW
Growing faster (revenue YoY)
RIGL
RIGL
+9.2% gap
RIGL
21.2%
12.0%
FSBW
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
6.2%
FSBW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSBW
FSBW
RIGL
RIGL
Revenue
$40.0M
$69.8M
Net Profit
$268.1M
Gross Margin
91.5%
Operating Margin
25.8%
33.2%
Net Margin
384.0%
Revenue YoY
12.0%
21.2%
Net Profit YoY
1769.2%
EPS (diluted)
$1.11
$14.11

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
RIGL
RIGL
Q4 25
$40.0M
$69.8M
Q3 25
$39.3M
$69.5M
Q2 25
$37.3M
$101.7M
Q1 25
$36.1M
$53.3M
Q4 24
$35.7M
$57.6M
Q3 24
$37.2M
$55.3M
Q2 24
$36.3M
$36.8M
Q1 24
$35.5M
$29.5M
Net Profit
FSBW
FSBW
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$9.2M
$27.9M
Q2 25
$7.7M
$59.6M
Q1 25
$8.0M
$11.4M
Q4 24
$14.3M
Q3 24
$10.3M
$12.4M
Q2 24
$9.0M
$-1.0M
Q1 24
$8.4M
$-8.2M
Gross Margin
FSBW
FSBW
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
FSBW
FSBW
RIGL
RIGL
Q4 25
25.8%
33.2%
Q3 25
29.5%
40.9%
Q2 25
26.2%
60.1%
Q1 25
26.2%
23.9%
Q4 24
27.6%
28.9%
Q3 24
26.5%
25.4%
Q2 24
31.3%
1.2%
Q1 24
29.7%
-23.6%
Net Margin
FSBW
FSBW
RIGL
RIGL
Q4 25
384.0%
Q3 25
23.4%
40.2%
Q2 25
20.7%
58.6%
Q1 25
22.2%
21.5%
Q4 24
24.9%
Q3 24
27.6%
22.5%
Q2 24
24.7%
-2.8%
Q1 24
23.7%
-27.9%
EPS (diluted)
FSBW
FSBW
RIGL
RIGL
Q4 25
$1.11
$14.11
Q3 25
$1.18
$1.46
Q2 25
$0.99
$3.28
Q1 25
$1.01
$0.63
Q4 24
$0.88
$0.82
Q3 24
$1.29
$0.70
Q2 24
$1.13
$-0.06
Q1 24
$1.06
$-0.47

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$28.2M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$307.7M
$391.5M
Total Assets
$3.2B
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
RIGL
RIGL
Q4 25
$28.2M
$155.0M
Q3 25
$61.3M
$137.1M
Q2 25
$33.2M
$108.4M
Q1 25
$62.7M
$77.1M
Q4 24
$31.6M
$77.3M
Q3 24
$40.3M
$61.1M
Q2 24
$33.0M
$49.1M
Q1 24
$45.4M
$49.5M
Total Debt
FSBW
FSBW
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
FSBW
FSBW
RIGL
RIGL
Q4 25
$307.7M
$391.5M
Q3 25
$300.5M
$117.6M
Q2 25
$297.2M
$81.9M
Q1 25
$298.8M
$18.6M
Q4 24
$295.8M
$3.3M
Q3 24
$288.9M
$-14.6M
Q2 24
$284.0M
$-29.9M
Q1 24
$277.9M
$-31.7M
Total Assets
FSBW
FSBW
RIGL
RIGL
Q4 25
$3.2B
$513.6M
Q3 25
$3.2B
$242.5M
Q2 25
$3.2B
$206.7M
Q1 25
$3.1B
$176.0M
Q4 24
$3.0B
$164.0M
Q3 24
$3.0B
$139.4M
Q2 24
$2.9B
$128.4M
Q1 24
$3.0B
$126.5M
Debt / Equity
FSBW
FSBW
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
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
RIGL
RIGL
Operating Cash FlowLast quarter
$72.3M
$22.0M
Free Cash FlowOCF − Capex
$51.9M
FCF MarginFCF / Revenue
129.8%
Capex IntensityCapex / Revenue
50.9%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSBW
FSBW
RIGL
RIGL
Q4 25
$72.3M
$22.0M
Q3 25
$44.6M
$24.0M
Q2 25
$7.1M
$30.5M
Q1 25
$8.2M
$-893.0K
Q4 24
$50.8M
$14.5M
Q3 24
$-891.0K
$21.7M
Q2 24
$9.9M
$302.0K
Q1 24
$275.0K
$-5.0M
Free Cash Flow
FSBW
FSBW
RIGL
RIGL
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
RIGL
RIGL
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
RIGL
RIGL
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
RIGL
RIGL
Q4 25
0.08×
Q3 25
4.86×
0.86×
Q2 25
0.92×
0.51×
Q1 25
1.02×
-0.08×
Q4 24
1.01×
Q3 24
-0.09×
1.75×
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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