vs

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

FS Bancorp, Inc. is the larger business by last-quarter revenue ($40.0M vs $25.1M, roughly 1.6× TRX GOLD Corp). On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 12.0%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% 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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

FSBW vs TRX — Head-to-Head

Bigger by revenue
FSBW
FSBW
1.6× larger
FSBW
$40.0M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+88.5% gap
TRX
100.5%
12.0%
FSBW
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
6.2%
FSBW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FSBW
FSBW
TRX
TRX
Revenue
$40.0M
$25.1M
Net Profit
$-496.0K
Gross Margin
56.6%
Operating Margin
25.8%
Net Margin
-2.0%
Revenue YoY
12.0%
100.5%
Net Profit YoY
-123.2%
EPS (diluted)
$1.11
$-0.01

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
TRX
TRX
Q4 25
$40.0M
$25.1M
Q3 25
$39.3M
Q2 25
$37.3M
$12.5M
Q1 25
$36.1M
$9.1M
Q4 24
$35.7M
$12.5M
Q3 24
$37.2M
Q2 24
$36.3M
$10.1M
Q1 24
$35.5M
$8.0M
Net Profit
FSBW
FSBW
TRX
TRX
Q4 25
$-496.0K
Q3 25
$9.2M
Q2 25
$7.7M
$1.1M
Q1 25
$8.0M
$-1.9M
Q4 24
$2.1M
Q3 24
$10.3M
Q2 24
$9.0M
$-1.7M
Q1 24
$8.4M
$1.9M
Gross Margin
FSBW
FSBW
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
FSBW
FSBW
TRX
TRX
Q4 25
25.8%
Q3 25
29.5%
Q2 25
26.2%
Q1 25
26.2%
Q4 24
27.6%
Q3 24
26.5%
Q2 24
31.3%
Q1 24
29.7%
Net Margin
FSBW
FSBW
TRX
TRX
Q4 25
-2.0%
Q3 25
23.4%
Q2 25
20.7%
8.9%
Q1 25
22.2%
-21.3%
Q4 24
17.1%
Q3 24
27.6%
Q2 24
24.7%
-16.3%
Q1 24
23.7%
24.1%
EPS (diluted)
FSBW
FSBW
TRX
TRX
Q4 25
$1.11
$-0.01
Q3 25
$1.18
Q2 25
$0.99
$0.00
Q1 25
$1.01
$-0.01
Q4 24
$0.88
$0.00
Q3 24
$1.29
Q2 24
$1.13
$-0.01
Q1 24
$1.06
$0.00

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$28.2M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$307.7M
$74.5M
Total Assets
$3.2B
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
TRX
TRX
Q4 25
$28.2M
$9.2M
Q3 25
$61.3M
Q2 25
$33.2M
$3.6M
Q1 25
$62.7M
$6.0M
Q4 24
$31.6M
$6.8M
Q3 24
$40.3M
Q2 24
$33.0M
$7.7M
Q1 24
$45.4M
$8.0M
Stockholders' Equity
FSBW
FSBW
TRX
TRX
Q4 25
$307.7M
$74.5M
Q3 25
$300.5M
Q2 25
$297.2M
$69.0M
Q1 25
$298.8M
$67.5M
Q4 24
$295.8M
$68.4M
Q3 24
$288.9M
Q2 24
$284.0M
$62.5M
Q1 24
$277.9M
$63.9M
Total Assets
FSBW
FSBW
TRX
TRX
Q4 25
$3.2B
$129.6M
Q3 25
$3.2B
Q2 25
$3.2B
$112.3M
Q1 25
$3.1B
$106.7M
Q4 24
$3.0B
$102.6M
Q3 24
$3.0B
Q2 24
$2.9B
$92.6M
Q1 24
$3.0B
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$72.3M
$4.0M
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
TRX
TRX
Q4 25
$72.3M
$4.0M
Q3 25
$44.6M
Q2 25
$7.1M
$3.4M
Q1 25
$8.2M
$2.0M
Q4 24
$50.8M
$2.4M
Q3 24
$-891.0K
Q2 24
$9.9M
$3.1M
Q1 24
$275.0K
$1.0M
Free Cash Flow
FSBW
FSBW
TRX
TRX
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
TRX
TRX
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
TRX
TRX
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
TRX
TRX
Q4 25
Q3 25
4.86×
Q2 25
0.92×
3.10×
Q1 25
1.02×
Q4 24
1.11×
Q3 24
-0.09×
Q2 24
1.11×
Q1 24
0.03×
0.54×

Financial Flow Comparison

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

Related Comparisons