FS Bancorp (FSBW) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), FS Bancorp had a P/E ratio of 9.31 (up from 9.19), return on equity of 11.1% (down from 12.5%), debt-to-equity of 0.60 (down from 1.23) and return on assets of 1.1% (down from 1.2%). Its dividend yield was 2.78% with a payout ratio of 30.8%.

FS Bancorp Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	9.31	9.19	8.02	8.72	7.36	6.18
Forward P/E	9.18	9.26	8.94	7.68	10.14	10.23
P/S Ratio	2.13	2.28	2.05	2.18	2.19	2.06
P/B Ratio	0.99	1.07	1.07	1.09	1.09	1.04
Price/Tangible Book	1.04	1.14	1.17	1.12	1.12	1.07
Price/FCF	5.88	6.44	3.74	1.38	2.53	-
Price/OCF	4.22	6.23	3.66	1.37	2.48	-
PEG Ratio	1.28	1.28	1.28	1.28	1.28	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	11.05%	12.50%	14.53%	12.37%	15.67%	18.25%
Return on Assets (ROA)	1.07%	1.17%	1.29%	1.21%	1.70%	2.05%
Leverage & Solvency Ratios
Debt/Equity	0.60	1.23	0.57	1.05	0.39	0.80
Debt/FCF	3.58	7.38	1.99	1.32	0.91	-
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	10.92%	11.06%	12.68%	11.69%	13.82%	16.41%
FCF Yield	17.01%	15.53%	26.72%	72.28%	39.52%	-14.08%
Dividend Yield	2.78%	2.73%	2.94%	2.68%	1.92%	1.76%
Payout Ratio	30.77%	23.60%	21.54%	23.93%	12.30%	9.10%
Buyback Yield	3.16%	-1.51%	1.25%	6.47%	2.38%	4.67%
Total Return	5.94%	1.21%	4.19%	9.16%	4.30%	6.44%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About FS Bancorp Financial Ratios

What is FS Bancorp's P/E ratio?

FS Bancorp's P/E ratio was 9.31 for fiscal 2025 (period ended Dec 31, 2025). It was 9.19 a year earlier.

What is FS Bancorp's return on equity?

FS Bancorp's return on equity (ROE) was 11.1% for fiscal 2025 (period ended Dec 31, 2025). It was 12.5% a year earlier.

What is FS Bancorp's debt-to-equity ratio?

FS Bancorp's debt-to-equity ratio was 0.60 for fiscal 2025 (period ended Dec 31, 2025). It was 1.23 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition