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

Weave Communications, Inc. is the larger business by last-quarter revenue ($63.4M vs $40.0M, roughly 1.6× FS Bancorp, Inc.). On growth, Weave Communications, Inc. posted the faster year-over-year revenue change (17.0% vs 12.0%). FS Bancorp, Inc. produced more free cash flow last quarter ($51.9M vs $5.1M). Over the past eight quarters, Weave Communications, Inc.'s revenue compounded faster (15.9% 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.

Weave Communications, Inc. develops integrated all-in-one customer engagement and communication platforms tailored for small and medium-sized businesses. Its product suite includes cloud-based phone systems, appointment scheduling, payment processing, review management and text messaging tools, primarily serving local service sectors like dental clinics, healthcare practices and fitness studios across the U.S. and Canada.

FSBW vs WEAV — Head-to-Head

Bigger by revenue
WEAV
WEAV
1.6× larger
WEAV
$63.4M
$40.0M
FSBW
Growing faster (revenue YoY)
WEAV
WEAV
+5.1% gap
WEAV
17.0%
12.0%
FSBW
More free cash flow
FSBW
FSBW
$46.8M more FCF
FSBW
$51.9M
$5.1M
WEAV
Faster 2-yr revenue CAGR
WEAV
WEAV
Annualised
WEAV
15.9%
6.2%
FSBW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSBW
FSBW
WEAV
WEAV
Revenue
$40.0M
$63.4M
Net Profit
$-1.8M
Gross Margin
72.7%
Operating Margin
25.8%
-3.4%
Net Margin
-2.9%
Revenue YoY
12.0%
17.0%
Net Profit YoY
72.5%
EPS (diluted)
$1.11
$-0.03

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
WEAV
WEAV
Q4 25
$40.0M
$63.4M
Q3 25
$39.3M
$61.3M
Q2 25
$37.3M
$58.5M
Q1 25
$36.1M
$55.8M
Q4 24
$35.7M
$54.2M
Q3 24
$37.2M
$52.4M
Q2 24
$36.3M
$50.6M
Q1 24
$35.5M
$47.2M
Net Profit
FSBW
FSBW
WEAV
WEAV
Q4 25
$-1.8M
Q3 25
$9.2M
$-8.7M
Q2 25
$7.7M
$-8.7M
Q1 25
$8.0M
$-8.8M
Q4 24
$-6.7M
Q3 24
$10.3M
$-5.9M
Q2 24
$9.0M
$-8.6M
Q1 24
$8.4M
$-7.2M
Gross Margin
FSBW
FSBW
WEAV
WEAV
Q4 25
72.7%
Q3 25
72.3%
Q2 25
71.7%
Q1 25
71.6%
Q4 24
72.1%
Q3 24
72.0%
Q2 24
71.4%
Q1 24
69.9%
Operating Margin
FSBW
FSBW
WEAV
WEAV
Q4 25
25.8%
-3.4%
Q3 25
29.5%
-14.6%
Q2 25
26.2%
-17.4%
Q1 25
26.2%
-16.7%
Q4 24
27.6%
-13.6%
Q3 24
26.5%
-12.7%
Q2 24
31.3%
-18.3%
Q1 24
29.7%
-17.3%
Net Margin
FSBW
FSBW
WEAV
WEAV
Q4 25
-2.9%
Q3 25
23.4%
-14.1%
Q2 25
20.7%
-14.9%
Q1 25
22.2%
-15.8%
Q4 24
-12.4%
Q3 24
27.6%
-11.2%
Q2 24
24.7%
-16.9%
Q1 24
23.7%
-15.3%
EPS (diluted)
FSBW
FSBW
WEAV
WEAV
Q4 25
$1.11
$-0.03
Q3 25
$1.18
$-0.11
Q2 25
$0.99
$-0.11
Q1 25
$1.01
$-0.12
Q4 24
$0.88
$-0.10
Q3 24
$1.29
$-0.08
Q2 24
$1.13
$-0.12
Q1 24
$1.06
$-0.10

Balance Sheet & Financial Strength

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

Metric
FSBW
FSBW
WEAV
WEAV
Cash + ST InvestmentsLiquidity on hand
$28.2M
$55.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$307.7M
$82.4M
Total Assets
$3.2B
$208.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBW
FSBW
WEAV
WEAV
Q4 25
$28.2M
$55.0M
Q3 25
$61.3M
$64.4M
Q2 25
$33.2M
$44.7M
Q1 25
$62.7M
$53.4M
Q4 24
$31.6M
$51.6M
Q3 24
$40.3M
$51.1M
Q2 24
$33.0M
$51.7M
Q1 24
$45.4M
$30.6M
Stockholders' Equity
FSBW
FSBW
WEAV
WEAV
Q4 25
$307.7M
$82.4M
Q3 25
$300.5M
$78.6M
Q2 25
$297.2M
$78.9M
Q1 25
$298.8M
$68.6M
Q4 24
$295.8M
$67.0M
Q3 24
$288.9M
$68.8M
Q2 24
$284.0M
$69.8M
Q1 24
$277.9M
$73.4M
Total Assets
FSBW
FSBW
WEAV
WEAV
Q4 25
$3.2B
$208.0M
Q3 25
$3.2B
$206.5M
Q2 25
$3.2B
$204.3M
Q1 25
$3.1B
$188.3M
Q4 24
$3.0B
$188.9M
Q3 24
$3.0B
$192.0M
Q2 24
$2.9B
$191.2M
Q1 24
$3.0B
$190.2M

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
WEAV
WEAV
Operating Cash FlowLast quarter
$72.3M
$6.2M
Free Cash FlowOCF − Capex
$51.9M
$5.1M
FCF MarginFCF / Revenue
129.8%
8.1%
Capex IntensityCapex / Revenue
50.9%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$15.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSBW
FSBW
WEAV
WEAV
Q4 25
$72.3M
$6.2M
Q3 25
$44.6M
$6.1M
Q2 25
$7.1M
$5.4M
Q1 25
$8.2M
$-219.0K
Q4 24
$50.8M
$6.7M
Q3 24
$-891.0K
$4.5M
Q2 24
$9.9M
$22.7M
Q1 24
$275.0K
$-19.7M
Free Cash Flow
FSBW
FSBW
WEAV
WEAV
Q4 25
$51.9M
$5.1M
Q3 25
$41.6M
$5.8M
Q2 25
$5.9M
$4.9M
Q1 25
$7.8M
$-663.0K
Q4 24
$49.2M
$6.3M
Q3 24
$-1.5M
$4.0M
Q2 24
$9.6M
$21.9M
Q1 24
$-82.0K
$-20.2M
FCF Margin
FSBW
FSBW
WEAV
WEAV
Q4 25
129.8%
8.1%
Q3 25
105.9%
9.4%
Q2 25
15.7%
8.4%
Q1 25
21.7%
-1.2%
Q4 24
137.7%
11.6%
Q3 24
-4.1%
7.5%
Q2 24
26.6%
43.4%
Q1 24
-0.2%
-42.9%
Capex Intensity
FSBW
FSBW
WEAV
WEAV
Q4 25
50.9%
1.8%
Q3 25
7.7%
0.5%
Q2 25
3.5%
0.9%
Q1 25
1.0%
0.8%
Q4 24
4.6%
0.7%
Q3 24
1.7%
1.0%
Q2 24
0.8%
1.5%
Q1 24
1.0%
1.1%
Cash Conversion
FSBW
FSBW
WEAV
WEAV
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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