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CSW Industrials (CSW) Financials

CSW Industrials logo
$349.77 +2.05 (+0.59%)
Closing price 08/7/2026 03:59 PM Eastern
Extended Trading
$350.50 +0.73 (+0.21%)
As of 08/7/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for CSW Industrials

Annual Income Statements for CSW Industrials

This table shows CSW Industrials' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 25 11 -12 - 46 40 66 96 102 137 112
Consolidated Net Income / (Loss)		 25 11 -12 - 46 40 67 97 103 137 113
Net Income / (Loss) Continuing Operations		 24 18 33 - 45 40 67 97 103 137 113
Total Pre-Tax Income 		43 32 48 - 57 51 91 126 140 180 146
Total Operating Income		 46 32 50 - 66 59 97 139 159 181 169
Total Gross Profit		 135 129 148 - 177 185 256 318 351 393 454
Total Revenue		 267 287 326 - 386 419 626 758 793 878 1,083
Operating Revenue		 267 287 326 - 386 419 626 758 793 878 1,083
Total Cost of Revenue		 132 159 178 - 209 235 370 440 442 485 629
Operating Cost of Revenue		 132 159 178 - 209 235 370 440 442 485 629
Total Operating Expenses		 88 97 98 - 111 125 159 179 192 212 285
Selling, General & Admin Expense		 88 96 98 - 110 125 159 179 190 212 270
Impairment Charge		 0.00 1.32 0.00 - 0.95 - - - 1.51 0.00 16
Total Other Income / (Expense), net		 -3.22 0.12 -1.41 - -8.47 -8.35 -5.92 -13 -19 -1.13 -23
Interest & Investment Income		 -3.04 -2.70 -2.32 - -1.33 -2.38 -5.45 -13 -13 -0.27 -22
Other Income / (Expense), net		 -0.19 2.82 0.91 - -7.14 -5.97 -0.47 0.04 -5.92 -0.86 -0.74
Income Tax Expense		 19 14 16 - 13 11 24 29 38 43 33
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - 0.00 0.00 0.93 0.14 0.89 0.83 0.80
Basic Earnings per Share		 $1.63 $0.70 ($0.76) - $3.04 $2.67 $4.21 $6.22 $6.54 $8.41 $6.73
Weighted Average Basic Shares Outstanding		 15.63M 15.77M 15.67M 15.41M 15.04M 15.02M 15.76M 15.51M 15.53M 16.24M 16.65M
Diluted Earnings per Share		 $1.62 $0.70 ($0.76) - $3.01 $2.65 $4.20 $6.20 $6.52 $8.38 $6.70
Weighted Average Diluted Shares Outstanding		 15.63M 15.77M 15.67M 15.41M 15.21M 15.13M 15.81M 15.55M 15.58M 16.31M 16.71M
Weighted Average Basic & Diluted Shares Outstanding		 15.63M 15.77M 15.67M 15.41M 14.68M 15.69M 15.68M 15.51M 15.53M 16.81M 16.32M

Quarterly Income Statements for CSW Industrials

This table shows CSW Industrials' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 9.22 32 39 36 27 35 41 41 10 20 50
Consolidated Net Income / (Loss)		 9.31 32 39 37 27 35 41 41 11 20 50
Net Income / (Loss) Continuing Operations		 9.31 32 39 37 27 35 41 41 11 20 50
Total Pre-Tax Income 		16 42 53 50 31 47 54 55 7.90 28 67
Total Operating Income		 28 44 55 52 30 45 55 57 17 40 80
Total Gross Profit		 74 94 107 104 80 102 115 119 92 127 157
Total Revenue		 175 211 226 228 194 231 264 277 233 309 351
Operating Revenue		 175 211 226 228 194 231 264 277 233 309 351
Total Cost of Revenue		 101 117 119 124 114 129 148 158 141 182 193
Operating Cost of Revenue		 101 117 119 124 114 129 148 158 141 182 193
Total Operating Expenses		 46 49 52 52 51 57 61 62 75 87 78
Selling, General & Admin Expense		 46 49 52 52 51 57 61 62 75 71 78
Total Other Income / (Expense), net		 -11 -2.37 -2.26 -2.02 1.68 1.47 -0.49 -1.31 -9.44 -12 -13
Interest & Investment Income		 -2.77 -2.64 -2.52 -1.34 1.98 1.62 -1.02 -1.32 -8.12 -12 -13
Other Income / (Expense), net		 -8.43 0.27 0.26 -0.68 -0.30 -0.15 0.53 0.01 -1.32 0.05 -0.22
Income Tax Expense		 7.08 9.97 14 13 4.32 11 13 15 -2.70 7.54 17
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.08 0.24 0.26 0.57 0.01 -0.01 0.25 0.16 0.34 0.06 0.02
Basic Earnings per Share		 $0.59 $2.05 $2.48 $2.27 $1.60 $2.06 $2.43 $2.42 $0.62 $1.26 $3.05
Weighted Average Basic Shares Outstanding		 15.55M 15.53M 15.53M 15.87M 16.79M 16.24M 16.81M 16.79M 16.58M 16.65M 16.33M
Diluted Earnings per Share		 $0.59 $2.03 $2.47 $2.26 $1.60 $2.05 $2.43 $2.41 $0.62 $1.24 $3.04
Weighted Average Diluted Shares Outstanding		 15.60M 15.58M 15.60M 15.94M 16.87M 16.31M 16.86M 16.84M 16.64M 16.71M 16.37M
Weighted Average Basic & Diluted Shares Outstanding		 15.53M 15.53M 15.53M 16.82M 16.78M 16.81M 16.80M 16.69M 16.47M 16.32M 16.29M

Annual Cash Flow Statements for CSW Industrials

This table details how cash moves in and out of CSW Industrials' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 5.54 -2.84 -11 17 -8.31 -8.25 6.53 1.84 3.70 204 -192
Net Cash From Operating Activities		 42 39 43 60 70 66 69 121 164 168 150
Net Cash From Continuing Operating Activities		 38 39 57 68 71 66 69 121 164 168 150
Net Income / (Loss) Continuing Operations		 24 18 33 46 45 40 67 97 103 137 113
Consolidated Net Income / (Loss)		 25 11 -12 46 46 40 67 97 103 137 113
Depreciation Expense		 6.50 7.47 7.65 7.41 7.92 9.19 12 13 14 14 16
Amortization Expense		 5.23 6.28 7.28 6.43 6.93 14 25 23 24 29 52
Non-Cash Adjustments To Reconcile Net Income		 -2.51 5.38 2.81 0.26 13 7.48 11 14 16 18 38
Changes in Operating Assets and Liabilities, net		 4.72 2.42 6.96 8.01 -0.83 -4.36 -47 -24 8.57 -30 -69
Net Cash From Investing Activities		 -110 -26 -4.55 -3.06 -20 -290 -51 -70 -43 -102 -1,043
Net Cash From Continuing Investing Activities		 -108 -23 -3.04 -10 -22 -290 -51 -70 -43 -102 -1,043
Purchase of Property, Plant & Equipment		 -9.31 -6.87 -5.53 -7.52 -11 -8.83 -16 -14 -17 -16 -17
Acquisitions		 -97 -28 0.00 -10 -12 -287 -36 -56 -30 -85 -1,021
Purchase of Investments		 - - - - - - - 0.00 0.00 -2.50 -4.80
Sale of Property, Plant & Equipment		 0.05 0.61 0.09 3.30 1.29 0.03 0.14 0.12 2.19 1.23 0.22
Sale and/or Maturity of Investments		 0.00 0.00 0.55 3.91 0.00 6.15 - 0.00 1.67 0.00 0.00
Net Cash From Financing Activities		 75 -15 -52 -39 -57 214 -13 -49 -117 138 701
Net Cash From Continuing Financing Activities		 75 -15 -52 -39 -57 214 -13 -49 -117 138 701
Repayment of Debt		 -117 -16 -50 -21 -28 -24 -86 -144 -199 -199 -239
Repurchase of Common Equity		 0.00 -1.01 -2.24 -47 -28 -10 -19 -39 -15 -28 -133
Payment of Dividends		 -0.30 - 0.00 0.00 -8.13 -8.08 -9.46 -11 -12 -15 -20
Issuance of Debt		 179 0.00 0.00 28 7.50 255 94 143 112 33 1,106
Issuance of Common Equity		 - - - - 0.00 0.00 6.29 3.00 0.00 347 0.00
Other Financing Activities, net		 13 2.17 0.33 0.00 0.00 1.33 1.33 -2.18 -2.95 -1.09 -12
Effect of Exchange Rate Changes		 -0.46 - - - -0.62 1.34 - -0.61 -1.10 -0.50 -0.10
Cash Interest Paid		 3.07 2.62 2.12 1.30 1.17 1.88 4.96 13 12 4.79 21
Cash Income Taxes Paid		 18 9.79 9.67 2.89 8.87 14 20 47 39 51 46

Quarterly Cash Flow Statements for CSW Industrials

This table details how cash moves in and out of CSW Industrials' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 11 -2.83 -3.30 254 -59 12 -188 -6.52 8.77 -6.44 14
Net Cash From Operating Activities		 47 22 63 67 12 27 61 62 29 -1.68 76
Net Cash From Continuing Operating Activities		 47 22 63 67 12 27 61 62 29 -1.68 76
Net Income / (Loss) Continuing Operations		 9.31 32 39 37 27 35 41 41 11 20 50
Consolidated Net Income / (Loss)		 9.31 32 39 37 27 35 41 41 11 20 50
Depreciation Expense		 3.46 3.88 3.62 3.42 3.67 3.50 3.93 3.92 3.97 4.09 4.63
Amortization Expense		 5.85 6.10 6.50 6.71 7.58 8.00 9.73 11 15 17 16
Non-Cash Adjustments To Reconcile Net Income		 3.49 5.13 4.64 3.80 4.47 4.86 4.37 3.97 8.01 22 6.41
Changes in Operating Assets and Liabilities, net		 25 -25 9.04 16 -31 -24 1.44 2.47 -9.06 -64 -1.13
Net Cash From Investing Activities		 -6.43 -30 -3.17 -38 -57 -3.65 -327 -4.72 -681 -31 -5.99
Net Cash From Continuing Investing Activities		 -6.43 -30 -3.17 -38 -57 -3.65 -327 -4.72 -681 -31 -5.99
Purchase of Property, Plant & Equipment		 -3.88 -4.91 -3.10 -5.49 -3.15 -4.53 -2.90 -3.08 -6.15 -5.13 -6.00
Acquisitions		 -2.66 -27 -0.05 -32 -52 -0.19 -324 -1.70 -675 -21 0.00
Sale of Property, Plant & Equipment		 0.12 2.03 0.01 0.03 0.11 1.08 0.00 0.05 0.12 0.04 0.01
Net Cash From Financing Activities		 -30 5.42 -62 225 -13 -12 78 -63 660 26 -55
Net Cash From Continuing Financing Activities		 -30 5.42 -62 225 -13 -12 78 -63 660 26 -55
Repayment of Debt		 -54 -27 -59 -140 - - -43 -38 -159 1.17 -74
Repurchase of Common Equity		 -6.71 -4.63 -7.89 -4.40 -8.65 -6.76 -9.09 -17 -73 -34 -36
Payment of Dividends		 -2.96 -2.95 -3.26 -3.26 -4.03 -4.03 -4.54 -6.54 -4.50 -4.45 -4.91
Issuance of Debt		 34 40 7.72 25 - - 135 3.39 897 70 60
Other Financing Activities, net		 - - -0.11 - - - -0.11 -4.76 -0.11 -7.00 -0.11
Effect of Exchange Rate Changes		 - - -0.53 0.87 -1.16 0.32 -0.20 - 0.25 0.20 -0.59

Annual Balance Sheets for CSW Industrials

This table presents CSW Industrials' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Total Assets		 392 398 341 353 369 880 995 1,043 1,043 1,379 2,317
Total Current Assets		 156 147 128 151 150 219 300 323 331 593 589
Cash & Equivalents		 26 23 12 27 18 10 17 18 22 226 34
Accounts Receivable		 53 60 63 66 75 97 123 123 143 156 210
Inventories, net		 52 44 43 51 54 103 150 162 151 195 310
Prepaid Expenses		 12 6.72 7.08 7.03 3.07 9.68 11 20 16 16 27
Other Current Nonoperating Assets		 - 12 2.43 0.02 - - - - - 0.00 8.74
Plant, Property, & Equipment, net		 64 57 54 54 57 83 87 88 93 93 108
Total Noncurrent Assets		 172 195 159 148 162 578 608 632 619 693 1,620
Goodwill		 68 81 82 86 92 219 225 243 247 264 633
Intangible Assets		 89 59 53 50 46 283 301 319 319 358 900
Other Noncurrent Operating Assets		 16 16 24 11 24 76 83 71 53 71 87
Total Liabilities & Shareholders' Equity		 392 398 341 353 369 880 995 1,043 1,043 1,379 2,317
Total Liabilities		 134 126 75 89 93 464 511 499 408 287 1,247
Total Current Liabilities		 32 38 45 49 59 83 117 108 116 147 227
Short-Term Debt		 0.56 0.56 0.56 0.56 0.56 0.56 0.56 - 0.00 0.00 29
Accounts Payable		 9.91 10 17 19 22 32 48 41 48 55 77
Accrued Expenses		 21 22 24 29 37 50 69 67 67 92 116
Other Current Nonoperating Liabilities		 - 5.18 3.97 0.16 - - - - - 0.00 4.48
Total Noncurrent Liabilities		 103 87 30 40 33 381 394 391 292 139 1,020
Long-Term Debt		 89 73 23 31 10 242 252 253 166 0.00 840
Noncurrent Employee Benefit Liabilities		 1.75 1.46 2.02 1.98 1.88 1.70 1.03 1.16 1.11 1.08 1.04
Other Noncurrent Operating Liabilities		 12 13 4.72 6.11 21 138 140 137 125 138 179
Commitments & Contingencies		 - - - - - - 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - 15 18 19 20 19
Total Equity & Noncontrolling Interests		 258 272 266 264 277 415 469 526 616 1,072 1,050
Total Preferred & Common Equity		 258 272 266 264 277 415 469 526 616 1,072 1,050
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 258 272 266 264 277 415 469 526 616 1,072 1,050
Common Stock		 32 39 43 47 48 105 113 123 137 501 520
Retained Earnings		 234 245 234 278 315 351 408 493 583 705 799
Treasury Stock		 0.00 -1.01 -3.25 -50 -75 -34 -46 -83 -96 -122 -258
Accumulated Other Comprehensive Income / (Loss)		 -7.70 -10 -7.48 -11 -11 -6.00 -5.07 -8.41 -9.13 -12 -11

Quarterly Balance Sheets for CSW Industrials

This table presents CSW Industrials' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027
Period end date 12/31/2022 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 12/31/2025 6/30/2026
Total Assets		 1,048 1,033 1,011 993 1,051 1,359 1,350 1,536 1,518 2,286 2,334
Total Current Assets		 322 319 319 308 331 609 563 451 448 535 616
Cash & Equivalents		 15 15 14 25 19 273 214 38 31 40 47
Accounts Receivable		 103 127 126 105 143 135 115 179 159 145 233
Inventories, net		 178 157 151 151 157 184 203 218 235 315 305
Prepaid Expenses		 26 20 27 27 12 17 32 16 22 35 20
Other Current Nonoperating Assets		 - - - - - - - - - - 9.95
Plant, Property, & Equipment, net		 86 89 89 89 92 95 94 100 98 108 107
Total Noncurrent Assets		 640 625 604 596 627 655 693 985 972 1,643 1,610
Goodwill		 243 243 243 243 246 256 267 365 365 640 640
Intangible Assets		 322 313 310 305 313 333 355 536 527 918 885
Other Noncurrent Operating Assets		 74 69 51 48 68 65 70 83 80 85 85
Total Liabilities & Shareholders' Equity		 1,048 1,033 1,011 993 1,051 1,359 1,350 1,536 1,518 2,286 2,334
Total Liabilities		 532 454 405 385 381 309 286 406 369 1,199 1,241
Total Current Liabilities		 109 106 113 111 121 159 135 158 162 226 228
Short-Term Debt		 0.56 - - - - 0.00 0.00 - - 29 29
Accounts Payable		 42 46 47 43 55 63 53 65 69 73 83
Accrued Expenses		 67 60 66 68 66 96 82 93 93 124 112
Other Current Nonoperating Liabilities		 - - - - - - - - - - 3.83
Total Noncurrent Liabilities		 422 348 293 274 259 149 151 248 207 973 1,013
Long-Term Debt		 276 210 173 153 115 0.00 0.00 95 60 768 826
Noncurrent Employee Benefit Liabilities		 1.31 1.15 1.14 1.13 1.10 1.09 1.08 1.07 1.06 1.05 1.03
Other Noncurrent Operating Liabilities		 145 137 119 120 143 148 150 152 146 204 186
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 17 19 19 19 20 20 20 20 19 19 19
Total Equity & Noncontrolling Interests		 499 560 587 589 650 1,030 1,044 1,110 1,130 1,067 1,074
Total Preferred & Common Equity		 499 560 587 589 650 1,030 1,044 1,110 1,130 1,067 1,074
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 499 560 587 589 650 1,030 1,044 1,110 1,130 1,067 1,074
Common Stock		 121 129 131 134 144 495 498 509 513 517 528
Retained Earnings		 469 521 548 554 618 651 674 741 777 783 844
Treasury Stock		 -83 -83 -84 -91 -102 -107 -115 -130 -148 -221 -289
Accumulated Other Comprehensive Income / (Loss)		 -8.43 -6.41 -8.29 -8.61 -9.95 -9.06 -13 -11 -12 -12 -9.59

Annual Metrics And Ratios for CSW Industrials

This table displays calculated financial ratios and metrics derived from CSW Industrials' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 16,470,230.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 16,470,230.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 6.80
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.94% 7.70% 13.48% 0.00% 0.00% 8.64% 49.43% 20.99% 4.61% 10.78% 23.25%
EBITDA Growth		 3.05% -15.81% 34.74% -78.88% 431.69% 3.70% 75.39% 30.54% 9.27% 17.05% 5.62%
EBIT Growth		 1.03% -24.24% 45.07% -100.00% 0.00% -9.31% 81.99% 43.54% 10.13% 17.74% -6.98%
NOPAT Growth		 -12.10% -30.71% 89.69% -100.00% 0.00% -8.90% 53.53% 48.82% 8.89% 19.12% -5.55%
Net Income Growth		 -14.25% -56.53% -207.33% 0.00% 0.00% -12.29% 67.88% 43.46% 6.18% 34.08% -17.92%
EPS Growth		 -14.74% -56.79% -208.57% 0.00% 0.00% -11.96% 58.49% 47.62% 5.16% 28.53% -20.05%
Operating Cash Flow Growth		 17.09% -6.01% 10.55% 38.36% 17.06% -5.21% 4.28% 75.79% 35.31% 2.45% -11.11%
Free Cash Flow Firm Growth		 50.85% 160.45% -41.36% -65.59% 403.54% -745.85% 99.64% 4,160.77% 138.75% -56.27% -1,882.46%
Invested Capital Growth		 54.81% -10.64% 1.45% -3.65% -0.04% 140.51% 11.25% 8.07% 0.03% 11.25% 119.32%
Revenue Q/Q Growth		 0.00% 13.69% 8.48% 0.00% 0.00% 9.07% 6.81% 3.04% 1.95% 2.29% 7.81%
EBITDA Q/Q Growth		 0.00% 25.67% -4.42% -80.27% 400.98% 4.85% 11.76% 7.57% 2.70% 0.81% 1.63%
EBIT Q/Q Growth		 0.00% 29.63% -5.71% -100.00% 0.00% -7.20% 21.19% 8.95% 2.87% 0.16% -3.07%
NOPAT Q/Q Growth		 0.00% 70.13% 10.75% -100.00% 0.00% 3.80% 7.74% 10.89% 3.68% 0.08% -3.38%
Net Income Q/Q Growth		 0.00% 8.50% 23.31% 0.00% 0.00% -11.05% 15.60% 9.77% 4.99% 2.28% -11.59%
EPS Q/Q Growth		 0.00% 9.38% 24.75% 0.00% 0.00% -12.25% 16.02% 10.32% 4.65% 0.24% -10.79%
Operating Cash Flow Q/Q Growth		 -0.84% 9.28% -4.36% 10.01% 0.22% 3.47% -15.42% 45.12% -8.35% 2.98% -16.22%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -39.58% -84.58% 491.56% -0.54% -106.79% 588.63% -24.64% 111.43% -5.31%
Invested Capital Q/Q Growth		 0.00% -6.04% 1.81% 6.95% 1.61% 1.21% 4.60% 0.09% 5.80% 1.90% 3.10%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.45% 44.86% 45.35% 0.00% 45.83% 44.02% 40.86% 41.99% 44.24% 44.78% 41.91%
EBITDA Margin		 21.63% 16.91% 20.08% 0.00% 19.06% 18.20% 21.36% 23.05% 24.07% 25.43% 21.80%
Operating Margin		 17.31% 11.15% 15.22% 0.00% 17.07% 14.13% 15.55% 18.35% 20.07% 20.64% 15.57%
EBIT Margin		 17.24% 12.13% 15.50% 0.00% 15.22% 12.70% 15.47% 18.35% 19.32% 20.54% 15.50%
Profit (Net Income) Margin		 9.54% 3.85% -3.64% 0.00% 11.85% 9.57% 10.75% 12.74% 12.93% 15.65% 10.42%
Tax Burden Percent		 59.27% 34.42% -24.63% 0.00% 79.66% 78.83% 73.60% 76.70% 72.99% 76.33% 77.53%
Interest Burden Percent		 93.40% 92.27% 95.42% 0.00% 97.73% 95.53% 94.38% 90.51% 91.70% 99.85% 86.74%
Effective Tax Rate		 44.60% 44.65% 32.26% 0.00% 22.19% 21.17% 26.40% 23.30% 27.01% 23.67% 22.47%
Return on Invested Capital (ROIC)		 10.08% 6.07% 12.12% 0.00% 19.02% 10.18% 10.48% 14.23% 14.91% 16.82% 9.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.55% -18.79% -522.38% 0.00% 666.18% 4.32% 8.62% 9.94% 7.72% 18.92% 3.56%
Return on Net Nonoperating Assets (RNNOA)		 0.93% -1.90% -16.53% 0.00% -2.11% 1.40% 4.49% 4.55% 2.48% -0.90% 1.00%
Return on Equity (ROE)		 11.01% 4.17% -4.42% 0.00% 16.92% 11.59% 14.96% 18.78% 17.39% 15.92% 10.44%
Cash Return on Invested Capital (CROIC)		 -32.94% 17.31% 10.68% 3.72% 19.07% -72.35% -0.17% 6.48% 14.88% 6.16% -65.29%
Operating Return on Assets (OROA)		 13.56% 8.82% 13.68% 0.00% 16.27% 8.53% 10.34% 13.65% 14.68% 14.89% 9.08%
Return on Assets (ROA)		 7.50% 2.80% -3.21% 0.00% 12.67% 6.42% 7.18% 9.47% 9.83% 11.35% 6.11%
Return on Common Equity (ROCE)		 10.99% 4.17% -4.42% 0.00% 16.92% 11.59% 14.71% 18.16% 16.83% 15.55% 10.25%
Return on Equity Simple (ROE_SIMPLE)		 9.87% 4.06% -4.47% 0.00% 16.52% 9.65% 14.35% 18.37% 16.65% 12.82% 0.00%
Net Operating Profit after Tax (NOPAT)		 26 18 34 0.00 51 47 72 107 116 138 131
NOPAT Margin		 9.59% 6.17% 10.31% 0.00% 13.28% 11.14% 11.44% 14.07% 14.65% 15.75% 12.07%
Net Nonoperating Expense Percent (NNEP)		 0.54% 24.86% 534.50% 0.00% -647.16% 5.86% 1.86% 4.29% 7.19% -2.11% 5.89%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 12.90% 6.81%
Cost of Revenue to Revenue		 49.55% 55.14% 54.65% 0.00% 54.17% 55.98% 59.14% 58.01% 55.76% 55.22% 58.09%
SG&A Expenses to Revenue		 33.15% 33.26% 30.13% 0.00% 28.52% 29.90% 25.32% 23.64% 24.17% 24.14% 24.90%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 33.15% 33.71% 30.13% 0.00% 28.76% 29.90% 25.32% 23.64% 24.17% 24.14% 26.34%
Earnings before Interest and Taxes (EBIT)		 46 35 51 0.00 59 53 97 139 153 180 168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 58 49 65 14 74 76 134 175 191 223 236
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.85 2.07 2.63 3.18 3.47 5.01 3.92 4.07 5.91 4.56 4.08
Price to Tangible Book Value (P/TBV)		 4.70 4.27 5.33 6.60 6.91 0.00 0.00 0.00 73.23 10.86 0.00
Price to Revenue (P/Rev)		 1.79 1.96 2.14 0.00 2.49 4.97 2.94 2.82 4.59 5.57 3.96
Price to Earnings (P/E)		 18.72 51.01 0.00 0.00 20.99 51.91 27.72 22.17 35.82 35.77 38.27
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.85% 0.41% 0.52% 0.49% 0.32% 0.31% 0.41%
Earnings Yield		 5.34% 1.96% 0.00% 0.00% 4.76% 1.93% 3.61% 4.51% 2.79% 2.80% 2.61%
Enterprise Value to Invested Capital (EV/IC)		 1.71 2.22 2.54 3.13 3.54 3.57 2.90 3.07 4.88 5.40 2.71
Enterprise Value to Revenue (EV/Rev)		 1.98 2.13 2.18 0.00 2.47 5.52 3.34 3.16 4.80 5.33 4.75
Enterprise Value to EBITDA (EV/EBITDA)		 9.13 12.61 10.85 60.94 12.95 30.33 15.63 13.69 19.93 20.96 21.79
Enterprise Value to EBIT (EV/EBIT)		 11.46 17.59 14.06 0.00 16.22 43.45 21.58 17.19 24.83 25.96 30.64
Enterprise Value to NOPAT (EV/NOPAT)		 20.60 34.57 21.13 0.00 18.58 49.56 29.18 22.42 32.75 33.85 39.35
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.69 15.70 16.47 14.12 13.62 34.92 30.28 19.69 23.15 27.81 34.36
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 12.13 23.98 82.66 18.54 0.00 0.00 49.26 32.82 92.40 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.35 0.27 0.09 0.12 0.04 0.58 0.52 0.47 0.26 0.00 0.81
Long-Term Debt to Equity		 0.35 0.27 0.09 0.12 0.04 0.58 0.52 0.47 0.26 0.00 0.79
Financial Leverage		 0.10 0.10 0.03 0.04 0.00 0.32 0.52 0.46 0.32 -0.05 0.28
Leverage Ratio		 1.47 1.49 1.37 1.31 1.34 1.80 2.08 1.98 1.77 1.40 1.71
Compound Leverage Factor		 1.37 1.38 1.31 0.00 1.31 1.72 1.97 1.79 1.62 1.40 1.48
Debt to Total Capital		 25.79% 21.18% 8.29% 10.66% 3.79% 36.84% 34.29% 31.74% 20.72% 0.00% 44.84%
Short-Term Debt to Total Capital		 0.16% 0.16% 0.19% 0.19% 0.20% 0.09% 0.08% 0.00% 0.00% 0.00% 1.52%
Long-Term Debt to Total Capital		 25.63% 21.02% 8.10% 10.47% 3.59% 36.76% 34.21% 31.74% 20.72% 0.00% 43.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.08% 2.32% 2.42% 1.85% 0.98%
Common Equity to Total Capital		 74.21% 78.82% 91.71% 89.34% 96.21% 63.16% 63.63% 65.95% 76.86% 98.15% 54.18%
Debt to EBITDA		 1.55 1.51 0.37 2.27 0.15 3.18 1.89 1.45 0.87 0.00 3.68
Net Debt to EBITDA		 0.87 0.99 0.19 0.35 -0.10 3.04 1.77 1.34 0.75 0.00 3.54
Long-Term Debt to EBITDA		 1.54 1.49 0.36 2.23 0.14 3.17 1.89 1.45 0.87 0.00 3.56
Debt to NOPAT		 3.50 4.13 0.71 0.00 0.21 5.19 3.53 2.37 1.43 0.00 6.65
Net Debt to NOPAT		 1.97 2.72 0.37 0.00 -0.15 4.98 3.29 2.20 1.24 0.00 6.39
Long-Term Debt to NOPAT		 3.48 4.10 0.70 0.00 0.20 5.18 3.52 2.37 1.43 0.00 6.43
Altman Z-Score		 4.41 4.89 8.28 7.10 9.29 4.11 3.91 4.65 7.63 12.40 3.44
Noncontrolling Interest Sharing Ratio		 0.22% 0.00% 0.00% 0.00% 0.00% 0.00% 1.70% 3.29% 3.21% 2.29% 1.81%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.93 3.82 2.84 3.08 2.54 2.65 2.56 2.99 2.86 4.03 2.60
Quick Ratio		 2.91 2.20 1.67 1.89 1.58 1.29 1.19 1.31 1.42 2.59 1.08
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -84 51 30 10 51 -332 -1.20 49 116 51 -903
Operating Cash Flow to CapEx		 448.49% 623.18% 793.02% 1,414.93% 688.98% 752.63% 445.33% 878.12% 1,291.41% 1,119.65% 878.25%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.79 0.73 0.88 0.00 1.07 0.67 0.67 0.74 0.76 0.73 0.59
Accounts Receivable Turnover		 5.26 5.11 5.30 0.00 5.47 4.89 5.71 6.17 5.97 5.89 5.92
Inventory Turnover		 2.68 3.33 4.12 0.00 3.97 3.00 2.93 2.82 2.83 2.81 2.49
Fixed Asset Turnover		 4.40 4.74 5.86 0.00 6.96 6.00 7.39 8.65 8.76 9.43 10.77
Accounts Payable Turnover		 14.02 15.63 13.11 0.00 10.20 8.62 9.23 9.94 9.93 9.40 9.55
Days Sales Outstanding (DSO)		 69.45 71.40 68.93 0.00 66.69 74.69 63.95 59.13 61.10 61.99 61.69
Days Inventory Outstanding (DIO)		 136.35 109.73 88.69 0.00 91.83 121.64 124.52 129.37 128.93 130.06 146.43
Days Payable Outstanding (DPO)		 26.04 23.35 27.84 0.00 35.80 42.33 39.55 36.73 36.76 38.82 38.22
Cash Conversion Cycle (CCC)		 179.76 157.77 129.78 0.00 122.73 154.01 148.92 151.77 153.27 153.23 169.90
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 308 276 280 269 269 648 721 779 779 867 1,901
Invested Capital Turnover		 1.05 0.98 1.18 0.00 1.43 0.91 0.92 1.01 1.02 1.07 0.78
Increase / (Decrease) in Invested Capital		 109 -33 4.00 -10 -0.12 378 73 58 0.24 88 1,034
Enterprise Value (EV)		 527 613 711 843 952 2,314 2,092 2,391 3,804 4,683 5,142
Market Capitalization		 477 565 698 838 960 2,081 1,840 2,138 3,641 4,888 4,287
Book Value per Share		 $16.55 $17.19 $16.64 $17.50 $18.30 $26.54 $29.64 $33.97 $39.64 $63.89 $63.78
Tangible Book Value per Share		 $6.51 $8.35 $8.20 $8.42 $9.18 ($5.52) ($3.56) ($2.32) $3.20 $26.83 ($29.28)
Total Capital		 348 346 290 295 288 658 737 797 801 1,092 1,939
Total Debt		 90 73 24 31 11 242 253 253 166 0.00 869
Total Long-Term Debt		 89 73 23 31 10 242 252 253 166 0.00 840
Net Debt		 50 48 12 4.81 -7.44 232 236 235 144 -226 835
Capital Expenditures (CapEx)		 9.26 6.26 5.44 4.22 10 8.80 16 14 13 15 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 85 84 72 76 73 127 167 197 193 220 358
Debt-free Net Working Capital (DFNWC)		 125 109 83 103 91 137 183 215 216 446 392
Net Working Capital (NWC)		 124 109 83 102 91 136 183 215 216 446 362
Net Nonoperating Expense (NNE)		 0.12 6.66 46 0.00 5.53 6.58 4.35 10 14 0.86 18
Net Nonoperating Obligations (NNO)		 50 3.18 14 5.73 -7.44 232 236 235 144 -226 831
Total Depreciation and Amortization (D&A)		 12 14 15 14 15 23 37 36 38 43 68
Debt-free, Cash-free Net Working Capital to Revenue		 31.94% 29.29% 21.94% 0.00% 18.95% 30.26% 26.61% 25.93% 24.40% 25.03% 33.05%
Debt-free Net Working Capital to Revenue		 46.65% 37.96% 25.53% 0.00% 23.70% 32.66% 29.26% 28.37% 27.19% 50.74% 36.17%
Net Working Capital to Revenue		 46.44% 37.76% 25.35% 0.00% 23.56% 32.53% 29.17% 28.37% 27.19% 50.74% 33.45%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.63 $0.70 ($0.76) $2.96 $3.05 $0.00 $4.21 $6.22 $6.54 $8.41 $6.73
Adjusted Weighted Average Basic Shares Outstanding		 15.72M 15.89M 15.84M 15.02M 14.68M 15.69M 15.76M 15.51M 15.53M 16.24M 16.65M
Adjusted Diluted Earnings per Share		 $1.62 $0.70 ($0.76) $2.93 $3.02 $0.00 $4.20 $6.20 $6.52 $8.38 $6.70
Adjusted Weighted Average Diluted Shares Outstanding		 15.72M 15.89M 15.84M 15.02M 14.68M 15.69M 15.81M 15.55M 15.58M 16.31M 16.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.72M 15.89M 15.84M 15.02M 14.68M 15.69M 15.68M 15.51M 15.53M 16.81M 16.32M
Normalized Net Operating Profit after Tax (NOPAT)		 26 18 34 0.00 52 47 72 107 116 138 143
Normalized NOPAT Margin		 9.59% 6.42% 10.31% 0.00% 13.47% 11.14% 11.44% 14.07% 14.65% 15.75% 13.19%
Pre Tax Income Margin		 16.10% 11.19% 14.79% 0.00% 14.87% 12.13% 14.60% 16.61% 17.72% 20.51% 13.45%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 1.18% 0.00% 0.00% 0.00% 17.78% 20.16% 14.05% 10.93% 11.51% 10.61% 17.74%
Augmented Payout Ratio		 1.18% 9.13% -18.86% 0.00% 80.04% 46.32% 42.74% 51.39% 26.40% 30.75% 135.38%

Quarterly Metrics And Ratios for CSW Industrials

This table displays calculated financial ratios and metrics derived from CSW Industrials' official financial filings.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 16,470,230.00 16,319,483.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 16,470,230.00 16,319,483.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.23 3.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.26% 7.75% 11.22% 11.92% 10.68% 9.34% 16.57% 21.51% 20.32% 34.01% 33.00%
EBITDA Growth		 -9.17% 10.12% 19.80% 14.77% 42.40% 3.29% 5.53% 16.98% -12.84% 6.71% 45.08%
EBIT Growth		 -14.40% 10.60% 21.53% 15.83% 52.96% 0.64% 0.15% 11.63% -45.33% -11.82% 43.73%
NOPAT Growth		 -20.54% 13.55% 19.79% 22.13% 62.91% 0.43% 2.55% 9.62% -8.81% -15.11% 43.02%
Net Income Growth		 -39.96% 17.97% 25.10% 21.33% 189.72% 9.56% 5.97% 11.45% -60.69% -42.19% 20.91%
EPS Growth		 -41.58% 16.67% 25.38% 17.10% 171.19% 0.99% -1.62% 6.64% -61.25% -39.51% 25.10%
Operating Cash Flow Growth		 27.73% -40.03% 24.67% 49.54% -75.31% 21.75% -3.21% -8.42% 164.84% -106.16% 24.70%
Free Cash Flow Firm Growth		 182.73% 218.41% 126,459.56% 15.67% -254.50% -260.04% -878.17% -1,472.27% -992.79% -1,771.29% -70.55%
Invested Capital Growth		 -5.37% 0.03% -1.07% 1.57% 15.52% 11.25% 55.01% 51.47% 116.77% 119.32% 59.56%
Revenue Q/Q Growth		 -14.09% 20.51% 7.26% 0.77% -15.04% 19.06% 14.36% 5.05% -15.87% 32.61% 13.49%
EBITDA Q/Q Growth		 -46.44% 91.77% 19.86% -6.78% -33.54% 39.10% 22.47% 3.32% -50.48% 70.29% 66.50%
EBIT Q/Q Growth		 -56.39% 132.92% 24.01% -8.04% -42.41% 53.25% 23.40% 2.50% -71.80% 147.19% 101.15%
NOPAT Q/Q Growth		 -49.82% 115.85% 19.85% -5.92% -33.06% 33.07% 22.38% 0.56% -44.32% 23.88% 106.17%
Net Income Q/Q Growth		 -69.17% 243.86% 21.42% -5.74% -26.39% 30.04% 17.45% -0.87% -74.04% 91.23% 145.65%
EPS Q/Q Growth		 -69.43% 244.07% 21.67% -8.50% -29.20% 28.13% 18.54% -0.82% -74.27% 100.00% 145.16%
Operating Cash Flow Q/Q Growth		 5.15% -52.28% 179.49% 6.64% -82.64% 135.28% 122.19% 1.95% -53.31% -105.83% 4,595.84%
Free Cash Flow Firm Q/Q Growth		 154.57% -41.57% 45.41% -46.52% -440.02% 39.47% -607.04% 5.69% -170.77% -3.65% 35.56%
Invested Capital Q/Q Growth		 -3.78% 5.80% -1.67% 1.46% 9.44% 1.90% 37.01% -0.86% 56.62% 3.10% -0.32%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 42.28% 44.41% 47.49% 45.59% 41.37% 44.19% 43.79% 43.03% 39.68% 40.98% 44.88%
EBITDA Margin		 16.27% 25.89% 28.94% 26.77% 20.94% 24.46% 26.20% 25.77% 15.17% 19.48% 28.58%
Operating Margin		 15.76% 21.03% 24.34% 22.62% 15.28% 19.54% 20.81% 20.50% 7.44% 12.80% 22.77%
EBIT Margin		 10.95% 21.16% 24.46% 22.32% 15.13% 19.47% 21.01% 20.50% 6.87% 12.81% 22.71%
Profit (Net Income) Margin		 5.32% 15.17% 17.18% 16.07% 13.92% 15.21% 15.62% 14.74% 4.55% 6.56% 14.20%
Tax Burden Percent		 56.78% 76.24% 73.58% 73.94% 86.20% 75.37% 75.71% 73.58% 134.17% 72.88% 74.41%
Interest Burden Percent		 85.56% 94.08% 95.44% 97.36% 106.74% 103.60% 98.16% 97.68% 49.31% 70.23% 84.01%
Effective Tax Rate		 43.22% 23.76% 26.42% 26.06% 13.80% 24.63% 24.29% 26.42% -34.17% 27.12% 25.59%
Return on Invested Capital (ROIC)		 9.19% 16.32% 18.97% 18.21% 14.26% 15.72% 14.78% 14.90% 7.44% 7.30% 12.86%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.93% 15.36% 17.83% 20.83% 10.88% 13.02% 14.29% 15.68% 2.78% 4.47% 10.62%
Return on Net Nonoperating Assets (RNNOA)		 2.06% 4.93% 4.16% -1.43% -0.56% -0.62% 1.22% -1.75% 0.70% 1.25% 4.10%
Return on Equity (ROE)		 11.25% 21.25% 23.13% 16.78% 13.70% 15.10% 15.99% 13.15% 8.15% 8.55% 16.96%
Cash Return on Invested Capital (CROIC)		 20.31% 14.88% 17.03% 15.27% 3.02% 6.16% -28.88% -26.30% -63.69% -65.29% -36.25%
Operating Return on Assets (OROA)		 8.34% 16.08% 19.15% 15.82% 11.09% 14.12% 14.88% 13.75% 3.80% 7.51% 13.73%
Return on Assets (ROA)		 4.05% 11.53% 13.45% 11.39% 10.20% 11.03% 11.06% 9.88% 2.51% 3.84% 8.58%
Return on Common Equity (ROCE)		 10.89% 20.57% 22.42% 16.38% 13.38% 14.76% 15.64% 12.92% 8.00% 8.40% 16.66%
Return on Equity Simple (ROE_SIMPLE)		 16.58% 0.00% 16.97% 11.34% 12.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 16 34 41 38 26 34 42 42 23 29 59
NOPAT Margin		 8.95% 16.03% 17.91% 16.72% 13.17% 14.72% 15.76% 15.09% 9.98% 9.33% 16.94%
Net Nonoperating Expense Percent (NNEP)		 3.26% 0.96% 1.14% -2.62% 3.37% 2.70% 0.49% -0.79% 4.66% 2.83% 2.24%
Return On Investment Capital (ROIC_SIMPLE)		 2.11% - - - 2.44% 3.17% 3.45% 3.51% 1.25% 1.50% 3.08%
Cost of Revenue to Revenue		 57.72% 55.59% 52.51% 54.41% 58.63% 55.81% 56.21% 56.97% 60.32% 59.02% 55.12%
SG&A Expenses to Revenue		 26.52% 23.38% 23.15% 22.97% 26.08% 24.65% 22.97% 22.53% 32.24% 23.12% 22.10%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 26.52% 23.38% 23.15% 22.97% 26.08% 24.65% 22.97% 22.53% 32.24% 28.18% 22.10%
Earnings before Interest and Taxes (EBIT)		 19 45 55 51 29 45 55 57 16 40 80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 55 65 61 41 56 69 71 35 60 100
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.46 5.91 6.33 5.52 5.68 4.56 4.34 3.61 4.59 4.08 4.23
Price to Tangible Book Value (P/TBV)		 78.56 73.23 45.31 12.90 14.06 10.86 23.16 17.15 0.00 0.00 0.00
Price to Revenue (P/Rev)		 4.13 4.59 5.05 6.77 6.91 5.57 5.26 4.23 4.88 3.96 3.88
Price to Earnings (P/E)		 33.16 35.82 37.55 49.18 44.49 35.77 34.65 28.41 38.60 38.27 37.57
Dividend Yield		 0.36% 0.32% 0.29% 0.22% 0.24% 0.31% 0.34% 0.42% 0.36% 0.41% 0.40%
Earnings Yield		 3.02% 2.79% 2.66% 2.03% 2.25% 2.80% 2.89% 3.52% 2.59% 2.61% 2.66%
Enterprise Value to Invested Capital (EV/IC)		 4.57 4.88 5.53 6.99 6.75 5.40 4.12 3.51 3.08 2.71 2.83
Enterprise Value to Revenue (EV/Rev)		 4.32 4.80 5.19 6.47 6.68 5.33 5.34 4.28 5.65 4.75 4.59
Enterprise Value to EBITDA (EV/EBITDA)		 18.09 19.93 20.99 25.93 25.90 20.96 21.56 17.38 24.44 21.79 20.10
Enterprise Value to EBIT (EV/EBIT)		 22.58 24.83 25.97 31.97 31.87 25.96 27.12 22.14 32.78 30.64 27.96
Enterprise Value to NOPAT (EV/NOPAT)		 30.01 32.75 34.46 41.88 41.52 33.85 35.13 28.86 41.96 39.35 36.11
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.75 23.15 23.95 27.32 35.10 27.81 29.42 25.68 31.77 34.36 32.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 21.86 32.82 32.28 46.15 239.43 92.40 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.25 0.26 0.17 0.00 0.00 0.00 0.08 0.05 0.73 0.81 0.78
Long-Term Debt to Equity		 0.25 0.26 0.17 0.00 0.00 0.00 0.08 0.05 0.71 0.79 0.76
Financial Leverage		 0.35 0.32 0.23 -0.07 -0.05 -0.05 0.09 -0.11 0.25 0.28 0.39
Leverage Ratio		 1.82 1.77 1.67 1.43 1.40 1.40 1.44 1.31 1.69 1.71 1.74
Compound Leverage Factor		 1.55 1.66 1.59 1.39 1.50 1.45 1.41 1.28 0.83 1.20 1.46
Debt to Total Capital		 20.10% 20.72% 14.65% 0.00% 0.00% 0.00% 7.75% 4.96% 42.35% 44.84% 43.91%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.56% 1.52% 1.51%
Long-Term Debt to Total Capital		 20.10% 20.72% 14.65% 0.00% 0.00% 0.00% 7.75% 4.96% 40.78% 43.32% 42.40%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.51% 2.42% 2.50% 1.92% 1.90% 1.85% 1.67% 1.54% 1.00% 0.98% 0.98%
Common Equity to Total Capital		 77.39% 76.86% 82.85% 98.08% 98.10% 98.15% 90.58% 93.50% 56.65% 54.18% 55.11%
Debt to EBITDA		 0.82 0.87 0.57 0.00 0.00 0.00 0.42 0.25 3.44 3.68 3.20
Net Debt to EBITDA		 0.69 0.75 0.48 0.00 0.00 0.00 0.25 0.12 3.26 3.54 3.03
Long-Term Debt to EBITDA		 0.82 0.87 0.57 0.00 0.00 0.00 0.42 0.25 3.31 3.56 3.09
Debt to NOPAT		 1.37 1.43 0.94 0.00 0.00 0.00 0.68 0.42 5.90 6.65 5.75
Net Debt to NOPAT		 1.14 1.24 0.78 0.00 0.00 0.00 0.41 0.20 5.60 6.39 5.43
Long-Term Debt to NOPAT		 1.37 1.43 0.94 0.00 0.00 0.00 0.68 0.42 5.68 6.43 5.56
Altman Z-Score		 6.88 7.28 8.50 12.85 14.23 12.08 8.74 8.33 3.55 3.26 3.52
Noncontrolling Interest Sharing Ratio		 3.25% 3.21% 3.08% 2.37% 2.35% 2.29% 2.22% 1.76% 1.82% 1.81% 1.77%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.77 2.86 2.73 3.82 4.18 4.03 2.86 2.76 2.36 2.60 2.70
Quick Ratio		 1.17 1.42 1.33 2.56 2.44 2.59 1.38 1.18 0.82 1.08 1.23
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 57 34 49 26 -89 -54 -380 -358 -970 -1,005 -648
Operating Cash Flow to CapEx		 1,246.76% 778.67% 2,028.98% 1,224.60% 381.83% 789.96% 2,088.19% 2,043.16% 478.98% -33.09% 1,262.02%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.76 0.76 0.78 0.71 0.73 0.73 0.71 0.67 0.55 0.59 0.60
Accounts Receivable Turnover		 7.49 5.97 6.04 6.42 7.83 5.89 5.68 6.55 7.74 5.92 5.67
Inventory Turnover		 2.64 2.83 2.87 2.75 2.67 2.81 2.75 2.62 2.22 2.49 2.58
Fixed Asset Turnover		 8.88 8.76 8.98 9.14 9.36 9.43 9.53 9.97 9.92 10.77 11.30
Accounts Payable Turnover		 10.19 9.93 8.88 8.36 9.84 9.40 8.60 8.29 9.14 9.55 9.14
Days Sales Outstanding (DSO)		 48.75 61.10 60.47 56.84 46.62 61.99 64.29 55.73 47.14 61.69 64.40
Days Inventory Outstanding (DIO)		 138.08 128.93 127.37 132.60 136.49 130.06 132.84 139.26 164.41 146.43 141.59
Days Payable Outstanding (DPO)		 35.83 36.76 41.10 43.67 37.10 38.82 42.42 44.04 39.95 38.22 39.91
Cash Conversion Cycle (CCC)		 151.00 153.27 146.74 145.77 146.01 153.23 154.71 150.95 171.60 169.90 166.08
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 736 779 766 777 850 867 1,187 1,177 1,844 1,901 1,894
Invested Capital Turnover		 1.03 1.02 1.06 1.09 1.08 1.07 0.94 0.99 0.75 0.78 0.76
Increase / (Decrease) in Invested Capital		 -42 0.24 -8.30 12 114 88 421 400 993 1,034 707
Enterprise Value (EV)		 3,362 3,804 4,232 5,434 5,739 4,683 4,894 4,126 5,674 5,142 5,369
Market Capitalization		 3,215 3,641 4,117 5,687 5,933 4,888 4,816 4,079 4,898 4,287 4,542
Book Value per Share		 $37.88 $39.64 $41.87 $66.33 $62.08 $63.89 $66.03 $67.25 $63.95 $63.78 $65.79
Tangible Book Value per Share		 $2.63 $3.20 $5.85 $28.39 $25.08 $26.83 $12.38 $14.15 ($29.43) ($29.28) ($27.67)
Total Capital		 761 801 785 1,050 1,064 1,092 1,225 1,209 1,884 1,939 1,948
Total Debt		 153 166 115 0.00 0.00 0.00 95 60 798 869 855
Total Long-Term Debt		 153 166 115 0.00 0.00 0.00 95 60 768 840 826
Net Debt		 128 144 96 -273 -214 -226 57 29 758 835 808
Capital Expenditures (CapEx)		 3.77 2.88 3.09 5.46 3.04 3.46 2.90 3.03 6.03 5.08 5.99
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 171 193 191 177 215 220 255 254 298 358 370
Debt-free Net Working Capital (DFNWC)		 196 216 210 450 429 446 293 286 338 392 417
Net Working Capital (NWC)		 196 216 210 450 429 446 293 286 309 362 388
Net Nonoperating Expense (NNE)		 6.36 1.81 1.66 1.49 -1.45 -1.11 0.37 0.97 13 8.55 9.64
Net Nonoperating Obligations (NNO)		 128 144 96 -273 -214 -226 57 29 758 831 802
Total Depreciation and Amortization (D&A)		 9.32 9.99 10 10 11 11 14 15 19 21 21
Debt-free, Cash-free Net Working Capital to Revenue		 22.04% 24.40% 23.40% 21.05% 25.04% 25.03% 27.86% 26.35% 29.65% 33.05% 31.62%
Debt-free Net Working Capital to Revenue		 25.25% 27.19% 25.71% 53.58% 49.94% 50.74% 32.01% 29.61% 33.66% 36.17% 35.68%
Net Working Capital to Revenue		 25.25% 27.19% 25.71% 53.58% 49.94% 50.74% 32.01% 29.61% 30.72% 33.45% 33.16%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.59 $2.05 $2.48 $2.27 $1.60 $2.06 $2.43 $2.42 $0.62 $1.26 $3.05
Adjusted Weighted Average Basic Shares Outstanding		 15.55M 15.53M 15.53M 15.87M 16.79M 16.24M 16.81M 16.79M 16.58M 16.65M 16.33M
Adjusted Diluted Earnings per Share		 $0.59 $2.03 $2.47 $2.26 $1.60 $2.05 $2.43 $2.41 $0.62 $1.24 $3.04
Adjusted Weighted Average Diluted Shares Outstanding		 15.60M 15.58M 15.60M 15.94M 16.87M 16.31M 16.86M 16.84M 16.64M 16.71M 16.37M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.53M 15.53M 15.53M 16.82M 16.78M 16.81M 16.80M 16.69M 16.47M 16.32M 16.29M
Normalized Net Operating Profit after Tax (NOPAT)		 16 34 41 38 26 34 42 42 12 29 59
Normalized NOPAT Margin		 8.95% 16.03% 17.91% 16.72% 13.17% 14.72% 15.76% 15.09% 5.21% 9.33% 16.94%
Pre Tax Income Margin		 9.37% 19.90% 23.34% 21.73% 16.15% 20.17% 20.63% 20.03% 3.39% 9.00% 19.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 11.76% 11.51% 10.98% 10.64% 10.05% 10.61% 11.34% 13.29% 15.36% 17.74% 16.79%
Augmented Payout Ratio		 22.66% 26.40% 29.38% 30.88% 29.06% 30.75% 32.01% 42.09% 98.04% 135.38% 148.52%

Financials Breakdown Chart

Key Financial Trends

CSW Industrials (NYSE: CSW) has posted strong revenue and earnings growth over the last four years, but the latest quarterly data shows a much more complicated picture. The company has expanded meaningfully through acquisitions, which has helped scale revenue, but it has also increased leverage and created volatility in cash flow. For retail investors, the big takeaway is that the income statement still looks healthy, while the cash flow and balance sheet deserve closer attention.

  • Revenue has grown significantly over the long term. Quarterly revenue rose from about $136.3 million in Q3 2022 to $309.0 million in Q4 2026, showing a much larger business than two years ago.
  • Profitability remains solid. In Q4 2026, CSW generated $20.3 million in net income and $1.24 diluted EPS, while operating income reached $39.5 million.
  • Margins have generally improved from older periods. Gross profit expanded from roughly $51.3 million in Q3 2022 to $126.6 million in Q4 2026, reflecting stronger scale.
  • Operating cash flow was strong in several recent quarters before the latest dip. CSW produced $60.6 million in operating cash flow in Q1 2026 and $61.8 million in Q2 2026, suggesting the business can still convert earnings into cash under normal conditions.
  • The company has continued to reward shareholders. CSW consistently paid dividends and also repurchased shares, indicating management still has confidence in the business.
  • Acquisitions have been a major growth driver. The balance sheet shows large increases in goodwill and intangible assets over time, which is consistent with an acquisition-led strategy.
  • Share count has not surged dramatically, but buybacks have reduced treasury stock over time. That has helped support per-share earnings even as the business expands.
  • Cash balances remain positive, but they have become more volatile. Cash and equivalents were $40.2 million in Q3 2026 and $31.5 million in Q2 2026, compared with much larger balances in some prior periods.
  • Noncontrolling and redeemable noncontrolling interests remain on the balance sheet. These items are not unusual, but they add complexity when evaluating the true equity claim for common shareholders.
  • Latest quarter operating cash flow turned negative. In Q4 2026, net cash from operating activities was negative $1.7 million, despite positive net income.
  • Working capital looks like a pressure point. Q4 2026 included a steep negative change in operating assets and liabilities of $64.1 million, which overwhelmed reported earnings in the cash flow statement.
  • Debt levels increased sharply in recent periods. Long-term debt rose to $768.3 million in Q3 2026 from $600.0 million in Q2 2026, and total liabilities climbed to $1.20 billion.
  • Acquisition spending has been very heavy. Cash flow statements show major acquisition outlays in several quarters, including $674.7 million in Q3 2026 and $323.8 million in Q1 2026.
  • The latest quarter also showed a cash decline. Net change in cash and equivalents was down $6.4 million in Q4 2026, which reinforces the pressure from operations and investing activity.

Bottom line: CSW Industrials still looks like a profitable, growing industrial company, but the recent pattern suggests investors should focus on cash conversion and leverage, not just earnings growth. If acquisition-driven expansion continues to outpace cash generation, the balance sheet could remain a key risk factor even if revenue keeps rising.

08/08/26 11:01 PM ETAI Generated. May Contain Errors.

CSW Industrials Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CSW Industrials' fiscal year ends in March. Their fiscal year 2026 ended on March 31, 2026.

CSW Industrials' net income appears to be on an upward trend, with a most recent value of $112.85 million in 2026, rising from $25.47 million in 2016. The previous period was $137.48 million in 2025. Check out CSW Industrials' forecast to explore projected trends and price targets.

CSW Industrials' total operating income in 2026 was $168.54 million, based on the following breakdown:
  • Total Gross Profit: $453.68 million
  • Total Operating Expenses: $285.15 million

Over the last 10 years, CSW Industrials' total revenue changed from $266.92 million in 2016 to $1.08 billion in 2026, a change of 305.6%.

CSW Industrials' total liabilities were at $1.25 billion at the end of 2026, a 335.2% increase from 2025, and a 829.1% increase since 2016.

In the past 10 years, CSW Industrials' cash and equivalents has ranged from $10.09 million in 2021 to $225.85 million in 2025, and is currently $33.80 million as of their latest financial filing in 2026.

Over the last 10 years, CSW Industrials' book value per share changed from 16.55 in 2016 to 63.78 in 2026, a change of 285.3%.


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Financial statements for NYSE:CSW last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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