FST Corp.

NasdaqGM:KBSX Stock Report

Market Cap: US$56.9m

FST Past Earnings Performance

Past criteria checks 2/6

FST's earnings have been declining at an average annual rate of -49.7%, while the Leisure industry saw earnings declining at 11.5% annually. Revenues have been growing at an average rate of 2.9% per year. FST's return on equity is 18.6%, and it has net margins of 6.1%.

Key information

-49.70%

Earnings growth rate

-52.59%

EPS growth rate

Leisure Industry Growth16.88%
Revenue growth rate2.92%
Return on equity18.62%
Net Margin6.06%
Last Earnings Update31 Mar 2026

Recent past performance updates

No updates

Recent updates

Analysis Article • Jan 29

Market Participants Recognise FST Corp.'s (NASDAQ:KBSX) Revenues

It's not a stretch to say that FST Corp.'s ( NASDAQ:KBSX ) price-to-sales (or "P/S") ratio of 1.2x right now seems...
Analysis Article • Oct 17

There's Reason For Concern Over FST Corp.'s (NASDAQ:KBSX) Price

When close to half the companies in the Leisure industry in the United States have price-to-sales ratios (or "P/S...
Seeking Alpha • Jun 20

The Drive For Profits Is Missing The Green At FST Corp.

Summary FST Corp.'s SPAC merger and niche golf focus make it a unique but high-risk investment, with shares down nearly 80% since IPO. Sales spike when golfers using FST equipment win major tournaments, but rising expenses outpace revenue growth, pressuring profitability. The company's financial trajectory is concerning, with losses accelerating and a need to raise cash in the next 12 months. I rate FST as a hold for only the most risk-tolerant investors, given its uncertain outlook and speculative turnaround potential. Read the full article on Seeking Alpha
Analysis Article • Mar 07

Some FST Corp. (NASDAQ:KBSX) Shareholders Look For Exit As Shares Take 28% Pounding

To the annoyance of some shareholders, FST Corp. ( NASDAQ:KBSX ) shares are down a considerable 28% in the last month...
Analysis Article • Jan 20

Some FST Corp. (NASDAQ:KBSX) Shareholders Look For Exit As Shares Take 45% Pounding

FST Corp. ( NASDAQ:KBSX ) shareholders that were waiting for something to happen have been dealt a blow with a 45...

Revenue & Expenses Breakdown

How FST makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:KBSX Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26523212
31 Dec 2548-2211
30 Sep 2545-8231
30 Jun 2541-9211
31 Mar 2539-6201
31 Dec 2436-3181
30 Sep 2434-2161
30 Jun 2434-1151
31 Mar 2431-2151
31 Dec 2329-2152
30 Sep 23351152
30 Jun 23414162
31 Mar 23457152
31 Dec 22509152
30 Sep 22446132
30 Jun 22405121
31 Mar 22404122
31 Dec 21392122
30 Sep 21384121
30 Jun 21373111
31 Mar 21322101
31 Dec 20281101
30 Sep 2024091
30 Jun 2022-191
31 Mar 2022091
31 Dec 1922191
30 Sep 1921181
30 Jun 1920181
31 Mar 1919171
31 Dec 1819171
30 Sep 1819171
30 Jun 1819171
31 Mar 1819171
31 Dec 1719161
31 Dec 1613040
31 Dec 1512230

Quality Earnings: KBSX has high quality earnings.

Growing Profit Margin: KBSX became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KBSX's earnings have declined by 49.7% per year over the past 5 years.

Accelerating Growth: KBSX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: KBSX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Leisure industry (-15.2%).

Return on Equity

High ROE: KBSX's Return on Equity (18.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/13 05:41
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FST Corp. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas KerrZacks Small-Cap Research