CSW Industrials Inc. (CSWI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 25	$2.22	$2.24	+0.9%	—	$230.5M	—
Q3 25	$1.43	$1.6	+11.9%	—	$193.6M	—
Q2 25	$2.13	$2.26	+6.1%	—	$227.9M	—
Q1 25	$2.18	$2.47	+13.3%	—	$226.2M	—
Q4 24	$1.84	$2.04	+10.9%	—	$210.9M	—
Q3 24	$1.13	$0.59	-47.8%	—	$175M	—
Q2 24	$1.98	$1.93	-2.5%	—	$203.7M	—
Q1 24	$1.93	$1.97	+2.1%	—	$203.4M	—
Q4 23	$1.44	$1.74	+20.8%	—	$195.7M	—
Q3 23	$0.75	$1.01	+34.7%	—	$171.1M	—
Q2 23	$1.65	$1.57	-4.8%	—	$191.2M	—
Q1 23	$1.4	$1.88	+34.3%	—	$199.9M	—
Q4 22	$1.04	$1.17	+12.5%	—	$173.3M	—
Q3 22	$0.41	$0.52	+26.8%	—	$136.3M	—
Q2 22	$1.5	$1.14	-24.0%	—	$155.6M	—
Q1 22	$1.07	$1.27	+18.7%	—	$161.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$8.41	—	—	$878.3M	—
FY24	—	$6.54	—	—	$792.8M	—
FY23	—	$6.22	—	—	$757.9M	—
FY22	—	$4.21	—	—	$626.4M	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$266.9M	$287.5M	$326.2M	$350.2M	$385.9M	$419.2M	$626.4M	$757.9M	$792.8M	$878.3M
YoY change	+1.94%	+7.7%	+13.5%	+7.34%	+10.2%	+8.64%	+49.4%	+21%	+4.61%	+10.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	266.9M	287.5M	326.2M	350.2M	385.9M	419.2M	626.4M	757.9M	792.8M	878.3M
Cost of revenue	132.3M	158.5M	178.3M	188.8M	209M	234.7M	370.5M	439.7M	442.1M	485M
Gross profit	134.7M	129M	147.9M	161.4M	176.8M	184.6M	256M	318.2M	350.7M	393.3M
Gross margin	50.5%	44.9%	45.3%	46.1%	45.8%	44%	40.9%	42%	44.2%	44.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	88.5M	95.6M	98.3M	100.9M	110M	125.3M	158.6M	179.1M	191.6M	212.1M
Operating expenses	88.5M	95.6M	98.3M	100.9M	110M	125.3M	158.6M	179.1M	191.6M	212.1M
Operating income	46.2M	33.4M	49.7M	60.4M	66.8M	59.2M	97.4M	139.1M	159.1M	181.2M
Operating margin	17.3%	11.6%	15.2%	17.3%	17.3%	14.1%	15.5%	18.3%	20.1%	20.6%
Non-operating income, net	-186K	1.5M	905K	2.4M	-8.1M	-6M	-466K	42K	-5.9M	-862K
Pretax income	43M	32.2M	48.2M	61.4M	57.4M	50.9M	91.5M	125.9M	140.5M	180.1M
Income tax	19.2M	14.4M	15.6M	15.4M	12.7M	10.8M	24.1M	29.3M	37.9M	42.6M
Net income	25.5M	11.1M	-11.9M	45.6M	45.7M	40.1M	67.3M	96.6M	102.5M	137.5M
Net margin	9.54%	3.85%	-3.64%	13%	11.8%	9.57%	10.7%	12.7%	12.9%	15.7%
EBITDA	57.7M	49.9M	65.5M	76.7M	74.5M	76.3M	133.8M	174.7M	190.9M	223.4M
EPS	1.63	0.7	-0.76	2.96	3.04	2.68	4.21	6.22	6.54	8.41
Diluted EPS	1.62	0.7	-0.76	2.93	3.01	2.66	4.2	6.2	6.52	8.38

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	191.2M	171.1M	195.7M	203.4M	203.7M	175M	210.9M	226.2M	227.9M	193.6M	230.5M	263.6M
Cost of revenue	110.5M	105.3M	110.3M	111.2M	112.7M	101M	117.2M	118.8M	124M	113.5M	128.7M	148.2M
Gross profit	80.6M	65.8M	85.3M	92.2M	91M	74M	93.6M	107.4M	103.9M	80.1M	101.9M	115.4M
Gross margin	42.2%	38.5%	43.6%	45.3%	44.7%	42.3%	44.4%	47.5%	45.6%	41.4%	44.2%	43.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	45.3M	42.7M	45.6M	47M	49M	46.4M	49.3M	52.4M	52.4M	50.5M	56.8M	60.6M
Operating expenses	45.3M	42.7M	45.6M	47M	49M	46.4M	49.3M	52.4M	52.4M	50.5M	56.8M	60.6M
Operating income	35.3M	23.1M	39.8M	45.2M	42M	27.6M	44.3M	55.1M	51.5M	29.6M	45M	54.9M
Operating margin	18.5%	13.5%	20.3%	22.2%	20.6%	15.8%	21%	24.3%	22.6%	15.3%	19.5%	20.8%
Non-operating income, net	40K	-737K	571K	314K	1.9M	-8.4M	273K	260K	-677K	-298K	-146K	528K
Pretax income	32.3M	18.2M	36.2M	41.5M	40.6M	16.4M	42M	52.8M	49.5M	31.3M	46.5M	54.4M
Income tax	7.9M	2.7M	9.1M	10.5M	10.4M	7.1M	10M	13.9M	12.9M	4.3M	11.5M	13.2M
Net income	24.3M	15.5M	27.1M	31.1M	30.2M	9.3M	32M	38.9M	36.6M	27M	35.1M	41.2M
Net margin	12.7%	9.06%	13.9%	15.3%	14.8%	5.32%	15.2%	17.2%	16.1%	13.9%	15.2%	15.6%
EBITDA	44.1M	31.3M	49.6M	54.6M	53.2M	36.9M	54.6M	65.4M	61M	40.8M	55.7M	68.7M
EPS	1.58	1.01	1.75	1.97	1.93	0.59	—	2.48	2.27	1.6	2.09	—
Diluted EPS	1.57	1.01	1.74	1.97	1.93	0.59	—	2.47	2.26	1.6	2.08	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	492.2M	578.9M	706M	883.1M	975.3M	2B	1.9B	2.2B	3.6B	4.7B	5B
Enterprise value	542.6M	627.2M	718.3M	887.9M	986.1M	2.3B	2.2B	2.5B	3.8B	4.6B	4.8B
Shares outstanding	15.6M	15.8M	15.7M	15.4M	15M	15M	15.8M	15.5M	15.5M	16.2M	16.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.3	52.3	—	19.4	21.3	50.6	27.5	22.3	35.5	34.4	36.4
P/S	1.84	2.01	2.16	2.52	2.53	4.84	2.96	2.84	4.6	5.39	5.64
P/B	1.91	2.12	2.66	3.35	3.52	4.88	3.82	3.96	5.74	4.33	4.33
EV/EBITDA	9.4	12.6	11	11.6	13.2	30.5	16.2	14.1	20.1	20.5	21.5
EV/Sales	2.03	2.18	2.2	2.54	2.56	5.55	3.45	3.24	4.84	5.21	5.47
Earnings yield	5.18%	1.91%	—	5.16%	4.69%	1.98%	3.63%	4.48%	2.81%	2.9%	2.75%
FCF yield	6.55%	5.56%	5.33%	5.91%	5.99%	2.83%	2.88%	4.99%	4.05%	3.21%	2.76%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	50.5%	44.9%	45.3%	46.1%	45.8%	44%	40.9%	42%	44.2%	44.8%	43.8%
Operating margin	17.3%	11.6%	15.2%	17.3%	17.3%	14.1%	15.5%	18.3%	20.1%	20.6%	20.5%
Net margin	9.54%	3.85%	-3.64%	13%	11.8%	9.57%	10.7%	12.7%	12.9%	15.7%	44.8%
ROE	9.87%	4.06%	-4.47%	17.3%	16.5%	9.65%	13.9%	17.7%	16.1%	12.6%	12.5%
ROA	6.49%	2.78%	-3.49%	12.9%	12.4%	4.56%	6.76%	9.26%	9.83%	9.97%	9.91%
ROIC	8.3%	5.76%	12.1%	16.9%	18.1%	6.55%	9.04%	12.6%	14%	14.8%	11.7%
Return on tangible assets	32.1%	9.38%	-16.7%	57.6%	48.9%	-32.3%	-121%	-121%	-115.6%	101.8%	-52.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.93	3.82	2.84	3.08	2.54	2.65	2.56	2.99	2.86	4.03	2.86
Quick ratio	3.29	2.69	1.89	2.03	1.63	1.41	1.28	1.49	1.56	2.7	1.48
Debt / equity	0.35	0.27	0.09	0.12	0.11	0.74	0.67	0.59	0.34	0.06	0
Debt / assets	0.23	0.18	0.07	0.09	0.08	0.35	0.33	0.31	0.21	0.05	0.06
Net debt / EBITDA	0.87	0.97	0.19	0.06	0.14	3.89	2.31	1.72	1.01	-0.7	0.25
Interest coverage	15.2	12.9	21.8	43.6	44.1	22.3	17.8	10.5	12	670.6	670.6
Effective tax rate	44.6%	44.7%	32.3%	25%	22.2%	21.2%	26.4%	23.3%	27%	23.7%	23.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.1	18.2	20.8	22.7	25.7	27.9	39.8	48.9	51	54.1	54.1
EPS (basic)	1.63	0.7	-0.76	2.96	3.04	2.68	4.21	6.22	6.54	8.41	8.41
EPS (diluted)	1.62	0.7	-0.76	2.93	3.01	2.66	4.2	6.2	6.52	8.38	8.38
Book value per share	16.5	17.3	17	17.1	18.4	27.6	30.7	35.1	40.9	67.3	67.3
FCF per share	2.06	2.04	2.4	3.39	3.89	3.82	3.39	6.93	9.51	9.36	8.13
Cash per share	2.51	1.58	0.75	1.73	1.22	0.67	1.05	1.19	1.43	13.9	13.9

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	1.18%	0%	0%	0%	17.8%	20.2%	14.1%	10.9%	11.5%	10.6%	11.3%
Dividend yield	0.06%	0%	0%	0%	0.83%	0.4%	0.51%	0.49%	0.32%	0.31%	0.37%

Yield

0.37%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.27

ex-dividend Apr 25, 2025

Payout ratio

11%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 25, 2025	$0.27
Jan 31, 2025	$0.24
Oct 25, 2024	$0.24
Jul 26, 2024	$0.21
Apr 25, 2024	$0.21
Jan 25, 2024	$0.19
Oct 26, 2023	$0.19
Jul 27, 2023	$0.19

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$191.2M	$171.1M	$195.7M	$203.4M	$203.7M	$175M	$210.9M	$226.2M	$227.9M	$193.6M	$230.5M	$263.6M
YoY change	+22.9%	+25.5%	+12.9%	+1.71%	+6.52%	+2.26%	+7.75%	+11.2%	+11.9%	+10.7%	+9.34%	+16.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	39.3M	24.9M	11.7M	26.7M	18.3M	10.1M	16.6M	18.5M	22.2M	225.8M
Receivables	53.4M	59.3M	62.5M	64.5M	72.6M	93.4M	120.6M	121.2M	138.5M	151.6M
Inventory	51.6M	43.7M	43M	51.4M	53.8M	102.7M	150.1M	161.6M	150.7M	194.9M
Total current assets	155.5M	147M	127.6M	151.3M	150M	219.1M	300.1M	323.1M	331.4M	592.9M
Property, plant & equipment	18.4M	13.1M	10.1M	10.3M	28.9M	91.2M	100.8M	95.1M	82.9M	98.5M
Goodwill & intangibles	313M	280.4M	269.6M	273.5M	275.7M	1B	1.1B	1.1B	1.1B	1.2B
Total assets	392.3M	398.4M	340.8M	352.6M	369.2M	879.5M	995.4M	1B	1B	1.4B
Accounts payable	9.9M	10.4M	16.8M	19M	22M	32.4M	47.8M	40.7M	48.4M	54.8M
Short-term debt	561K	561K	561K	561K	3.6M	8.6M	9.8M	9.8M	9.4M	11.2M
Total current liabilities	31.6M	38.5M	44.9M	49.2M	59.1M	82.7M	117.4M	108M	115.8M	147.2M
Long-term debt	89.1M	72.6M	23.5M	30.9M	25.5M	298.5M	315.5M	308.6M	205.9M	58.1M
Total liabilities	134.3M	126M	75.1M	88.9M	92.5M	464.1M	510.9M	499.3M	408.2M	286.6M
Shareholders' equity	258M	272.4M	265.8M	263.7M	276.7M	415.4M	484.4M	544.1M	635.1M	1.1B
Total debt	89.7M	73.2M	24M	31.5M	29.1M	307.1M	325.3M	318.4M	215.4M	69.4M
Net debt	63.7M	50.1M	12.3M	4.8M	10.8M	297M	308.7M	299.9M	193.2M	-156.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	13.6M	14.7M	18.5M	14.8M	13.8M	25M	22.2M	18.9M	273.2M	213.8M	225.8M	38M
Receivables	125.9M	103.2M	121.2M	127.1M	126.3M	104.5M	138.5M	143.2M	135.3M	114.8M	151.6M	179.4M
Inventory	171.9M	177.9M	161.6M	157M	151.2M	151.4M	150.7M	156.8M	183.7M	202.8M	194.9M	217.7M
Total current assets	326.3M	322.3M	323.1M	318.7M	318.6M	307.5M	331.4M	331.2M	609.5M	563.5M	592.9M	451M
Property, plant & equipment	-86.1M	-89.1M	95.1M	-95.7M	-98.9M	-101.9M	82.9M	-107M	-109.9M	-112.9M	98.5M	-117.4M
Goodwill & intangibles	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.8B
Total assets	1B	1B	1B	1B	1B	993.1M	1B	1.1B	1.4B	1.4B	1.4B	1.5B
Accounts payable	50.3M	42M	40.7M	46.3M	47.1M	43.4M	48.4M	55M	63.2M	52.8M	54.8M	64.6M
Short-term debt	561K	561K	9.8M	—	—	—	9.4M	—	—	—	11.2M	—
Total current liabilities	111.9M	109.4M	108M	106.4M	112.7M	111.1M	115.8M	121.5M	159.4M	134.7M	147.2M	157.9M
Long-term debt	268.9M	276M	308.6M	210M	173M	153M	205.9M	115M	—	—	58.1M	95M
Total liabilities	520.9M	531.5M	499.3M	454.1M	405.3M	384.9M	408.2M	380.8M	308.9M	286M	286.6M	405.7M
Shareholders' equity	500.5M	516.2M	544.1M	579M	606M	608.2M	635.1M	669.8M	1.1B	1.1B	1.1B	1.1B
Total debt	269.5M	276.5M	318.4M	210M	173M	153M	215.4M	115M	—	—	69.4M	95M
Net debt	255.9M	261.8M	299.9M	195.2M	159.2M	128M	193.2M	96.1M	—	—	-156.5M	57M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	23.8M	17.8M	32.7M	46.1M	45.7M	40.1M	67.3M	96.6M	102.5M	137.5M
Depreciation & amortization	11.7M	13.8M	14.9M	13.8M	14.8M	23M	36.9M	35.6M	37.6M	43M
Stock-based compensation	2.2M	4.6M	4.2M	3.9M	5.1M	5.1M	8.4M	9.8M	11.5M	13.6M
Change in working capital	4.2M	3.1M	-2.3M	-3.3M	-5.3M	1.7M	-46.8M	-17.1M	6.5M	-23.7M
Operating cash flow	47.5M	46.5M	85.5M	71.6M	59.8M	68.2M	62.6M	118.8M	155.7M	165.5M
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-99.2M	-16.6M	2.5M	-2.9M	-10.5M	-281.1M	-35.8M	-58.2M	-28.9M	-86M
Dividends paid	-300K	0	0	0	-8.1M	-8.1M	-9.5M	-10.6M	-11.8M	-14.6M
Share repurchases	0	-1M	-2.2M	-46.7M	-28.5M	-10.5M	-19.3M	-39.1M	-15.3M	-27.7M
Financing cash flow	56.6M	-34M	-101M	-31.8M	-77.7M	444.2M	-3.9M	-46.9M	-114.1M	138M
Net change in cash	4.9M	-4.1M	-13M	36.9M	-28.5M	231.3M	22.9M	13.7M	12.7M	217.6M
Free cash flow	32.2M	32.2M	37.6M	52.2M	58.5M	57.4M	53.4M	107.5M	147.8M	152.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	24.3M	15.5M	27.1M	31.1M	30.2M	9.3M	32M	38.9M	36.6M	27M	35.1M	41.2M
Depreciation & amortization	8.7M	9M	9.2M	9.1M	9.2M	9.3M	10M	10.1M	10.1M	11.2M	11.5M	13.3M
Stock-based compensation	2.4M	2.6M	2.5M	2.8M	2.8M	3M	3M	3.7M	3.1M	3.3M	3.4M	4M
Change in working capital	91K	14M	-3.4M	1.3M	12.1M	24M	-30.8M	3.5M	22.6M	-13.1M	-33.9M	-6K
Operating cash flow	34.6M	40.6M	30.5M	45.1M	53.8M	47.9M	8.9M	58.3M	71.9M	28.2M	7.9M	59.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-19.5M	-33.9M	-2.8M	-100K	-2.5M	-2.5M	-25.4M	-180K	-32.6M	-54.1M	883K	-323.8M
Dividends paid	-2.6M	-2.6M	-2.6M	-2.9M	-3M	-3M	-3M	-3.3M	-3.3M	-4M	-4M	-4.5M
Share repurchases	-6.2M	-1.5M	-8K	-2.9M	-1.1M	-6.7M	-4.6M	-7.9M	-4.4M	-8.6M	-6.8M	-9.1M
Financing cash flow	-60.1M	-35.7M	-69.2M	-91.8M	-101.3M	-83.3M	-34.6M	-62.2M	-147.7M	-12.7M	-10.8M	78.4M
Net change in cash	-45M	-29M	-41.4M	-46.8M	-49.9M	-37.9M	-51.1M	-4M	-108.3M	-38.6M	-2M	-185.7M
Free cash flow	28M	33M	31.7M	45.3M	41.9M	43.1M	17.5M	59.6M	61.3M	8.5M	22.8M	57.7M

CSW Industrials Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement