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KBSXFST Corp.
$0.97$43M
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KBSX logoFST Corp.(KBSX)Earnings, Financials & Key Ratios

KBSX•NASDAQ
$0.97
Price updated Jul 7, 2026
SectorBasic MaterialsIndustrySteelSub-IndustrySpecialty and Alloy Steel Producers
AboutFST Corp. designs, manufactures, markets, and distributes steel golf shafts to golf club original equipment manufacturers and distributors worldwide. The company offers steel shafts under the KBS brand name. FST Corp.is based in Chiayi, Taiwan.Show more
  • Revenue$48M+31.4%
  • EBITDA-$1M+14.4%
  • Net Income-$7M-120.0%
  • EPS (Diluted)-0.16+66.0%
  • Gross Margin43.02%
  • EBITDA Margin-3.06%+34.9%
  • Operating Margin-7.08%+29.1%
  • Net Margin-14.84%-67.4%
  • ROE-43.78%-241.2%

KBSX Price & Volume

FST Corp. (KBSX) stock price & volume — 10-year historical chart

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Revenue Growth Struggles Against Persistent Operating Leverage

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Operating leverage deficiency

Key Thesis Takeaways

  • FST Corp.
  • demonstrates robust top-line momentum with 32.0% year-over-year revenue growth in 2026Q1, yet the firm remains challenged by a lack of consistent profitability and a deteriorating capital structure.
  • While the company maintains a premium 51.6% gross margin, the inability to translate this into sustained net income, coupled with a debt-to-equity ratio that has climbed to 2.07, suggests significant execution risk.
  • Investors should monitor whether the company can achieve necessary economies of scale to stabilize its cash flow profile before the current liquidity buffer, evidenced by a 0.96 current ratio, becomes further constrained.

Verdict Logic

the company's inability to generate consistent free cash flow, evidenced by a -4.3% FCF margin in 2026Q1, combined with a high debt-to-equity ratio of 2.07, presents an unfavorable risk-reward profile.

KBSX Growth Metrics

FST Corp. (KBSX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years11.66%
3 Years-1.23%
TTM33.19%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM57.43%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM87.83%

Return on Capital

10 Years2.55%
5 Years2.15%
3 Years-9.31%
Last Year-11.03%

Latest KBSX News

Recent stock market news and headlines for FST Corp. (KBSX)

Newsfile Corp·5 days ago
FST Corp. Establishes $10.4 Million At-the-Market Equity Offering Program

Boulder, Colorado--(Newsfile Corp. - July 2, 2026) - FST Corp. (NASDAQ: KBSX) ("FST", or the "Company"), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced it has established an at-the-market equity offering program (the "ATM Program") pursuant to which the Company may from time to time issue and sell its ordinary shares, par value $0.0001 per share (the "Ordinary Shares"), having an aggregate offering price of up to $10,400,000. Sales of Ordinary Shares under the ATM Program, if any, will be made pursuant to an At The Market Offering Agreement, dated June 28, 2026 (the "Sales Agreement"), with H.C.

Peers Comparison

Key metrics vs top competitors for FST Corp. (KBSX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KBSX logoKBSXFST Corp.Current
$0.97$43.28M-6.0431.42%-14.84%-43.78%—
FFIN logoFFINFirst Financial Bankshares, Inc.
$34.67$4.97B19.5911.71%31.14%14.2%—
TCBK logoTCBKTriCo Bancshares
$54.96$1.77B14.811.78%23.87%9.86%—
CVBF logoCVBFCVB Financial Corp.
$22.58$3.06B14.86-2.33%32.4%9.16%—
BANR logoBANRBanner Corporation
$67.33$2.29B11.94-0.95%24.82%10.66%—
WAFD logoWAFDWaFd, Inc.
$37.65$2.78B14.32-1.58%18.26%8.36%—

Compare KBSX vs Peers

FST Corp. (KBSX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FFIN

Most directly comparable listed peer for KBSX.

Scale Benchmark

vs NTRS

Larger-name benchmark to compare KBSX against a more recognizable public peer.

Peer Set

Compare Top 5

vs FFIN, TCBK, CVBF, BANR

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KBSX Frequently Asked Questions

FST Corp. (KBSX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is FST Corp.'s revenue?

FST Corp. (KBSX) reported $51.5M in revenue for fiscal year 2025. This represents a 86% increase from $27.6M in 2020.

How fast is FST Corp. growing?

FST Corp. (KBSX) grew revenue by 31.4% over the past year. This is strong growth.

Is KBSX profitable?

FST Corp. (KBSX) reported a net loss of $2.3M for fiscal year 2025.

Dividend & Returns
What is KBSX's return on equity?

FST Corp. (KBSX) has a return on equity (ROE) of -43.8%. Negative ROE indicates the company is unprofitable.

What is FST Corp.'s free cash flow?

FST Corp. (KBSX) had negative free cash flow of $1.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in KBSX back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →