Which has the lower trailing P/E, BLUW or FSBW?

FSBW has the lower trailing P/E: BLUW trades at 37.53 and FSBW at 10.29. P/E is one valuation measure and does not by itself establish which business is cheaper.

Does BLUW or FSBW pay a bigger dividend?

FSBW pays a dividend (2.59% yield), while BLUW has no payments in the available dividend history.

Is BLUW or FSBW more profitable?

FSBW runs the higher net margin — BLUW at 0.00% versus FSBW at 18.67%.

Blue Water Acquisition Corp III (BLUW) vs FS Bancorp, Inc. (FSBW)

A side-by-side comparison of Blue Water Acquisition Corp III and FS Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

BLUW

Blue Water Acquisition Corp III

$335M

$10.38Financial ServicesDelayed quote: Oct 6, 2026, 11:29 AM EDT

FSBW

FS Bancorp, Inc.

$331M

$44.66Financial ServicesDelayed quote: Oct 6, 2026, 11:57 AM EDT

Total return — BLUW vs FSBW

growth of $100 · dividends reinvested · last 1y

BLUW +4.1% (+4.1%/yr)FSBW +14.8% (+14.8%/yr)FSBW compounded faster over this window

BLUW FSBW

BLUW vs FSBW: by the numbers

•BLUW is the larger company ($335M vs $331M market cap).
•FSBW trades at the lower trailing earnings multiple (10.29 vs 37.53 P/E), one valuation lens rather than an overall verdict.
•FSBW is profitable (18.67% net margin) while BLUW runs a net loss (0.00%).
•FSBW pays a dividend (2.59% yield), while BLUW has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	BLUW	FSBW
P/E ratio	37.53	10.29
Forward P/E	N/A	10.29
P/S ratio	N/A	1.85
P/B ratio	1.32	1.04

Profitability

Metric	BLUW	FSBW
Gross margin	0.00%	N/A
Operating margin	0.00%	14.28%
Net margin	0.00%	18.67%
ROE	3.28%	10.46%
ROIC	-0.57%	N/A

FS Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	BLUW	FSBW
Dividend yield	N/A	2.59%
Payout ratio	N/A	26.50%

Growth (annualized)

Metric	BLUW	FSBW
Revenue CAGR (5Y)	N/A	4.56%
EPS CAGR (5Y)	N/A	-1.03%
Total return CAGR (5Y)	N/A	8.32%

Frequently asked

Which has the lower trailing P/E, BLUW or FSBW?: FSBW has the lower trailing P/E: BLUW trades at 37.53 and FSBW at 10.29. P/E is one valuation measure and does not by itself establish which business is cheaper.
Does BLUW or FSBW pay a bigger dividend?: FSBW pays a dividend (2.59% yield), while BLUW has no payments in the available dividend history.
Is BLUW or FSBW more profitable?: FSBW runs the higher net margin — BLUW at 0.00% versus FSBW at 18.67%.

Go deeper

Full BLUW analysis Full FSBW analysis Interactive comparison tool

Dig into the metrics

Blue Water Acquisition Corp III P/E ratio FS Bancorp P/E ratio FS Bancorp dividend yield Blue Water Acquisition Corp III ROE FS Bancorp ROE Blue Water Acquisition Corp III operating margin FS Bancorp operating margin Blue Water Acquisition Corp III revenue growth FS Bancorp revenue growth Blue Water Acquisition Corp III free cash flow

Blue Water Acquisition Corp III & FS Bancorp appear in these rankings

Highest Dividend Yield Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.