NYSE : CSW
CSW Industrials, Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 291.42 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.75B
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Financial statements
CSW Industrials, Inc. (CSW) reported revenue of 1.25B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.25B | 1.08B | 878.30M | 792.84M | 757.90M | 626.43M |
| Cost of Revenue | 724.00M | 627.47M | 484.99M | 442.10M | 439.69M | 364.87M |
| Gross Profit | 530.04M | 455.08M | 393.31M | 350.75M | 318.21M | 261.56M |
| Selling, General & Admin | 292.22M | 261.39M | 202.23M | 183.59M | 174.45M | 153.14M |
| Research & Development | 5.80M | 5.80M | 5.30M | 5.90M | 4.80M | 4.80M |
| Operating Expenses | 298.02M | 267.19M | 207.53M | 189.49M | 179.25M | 157.94M |
| Operating Income | 232.02M | 187.89M | 185.78M | 161.26M | 138.97M | 103.62M |
| Interest Expense | -45.10M | -22.25M | -269.00K | -12.72M | -13.20M | -5.45M |
| Currency Exchange Gain (Loss) | -1.00M | 100.00K | -200.00K | |||
| Other Non Operating Income (Expenses) | -379.00K | -665.00K | -796.00K | -5.85M | 493.00K | -209.00K |
| EBT Excluding Unusual Items | 185.54M | 164.98M | 184.72M | 142.69M | 126.36M | 97.77M |
| Merger & Restructuring Charges | -4.20M | -3.80M | -2.50M | -700.00K | -4.60M | |
| Asset Writedown | -15.63M | -15.63M | -1.51M | |||
| Other Unusual Items | -2.10M | -453.00K | -1.70M | |||
| Pretax Income | 165.72M | 145.55M | 180.12M | 140.48M | 125.91M | 91.47M |
| Income Tax Expense | 37.19M | 32.71M | 42.63M | 37.94M | 29.34M | 24.15M |
| Earnings From Continuing Operations | 128.53M | 112.85M | 137.48M | 102.54M | 96.57M | 67.32M |
| Net Income to Company | 128.53M | 112.85M | 137.48M | 102.54M | 96.57M | 67.32M |
| Minority Interest in Earnings | -965.00K | -802.00K | -832.00K | -891.00K | -139.00K | -934.00K |
| Net Income | 127.56M | 112.05M | 136.65M | 101.65M | 96.44M | 66.39M |
| Net Income to Common | 127.56M | 112.05M | 136.65M | 101.65M | 96.44M | 66.39M |
| Shares Outstanding (Basic) | 16.41M | 16.65M | 16.24M | 15.53M | 15.51M | 15.76M |
| Shares Outstanding (Diluted) | 16.46M | 16.71M | 16.31M | 15.58M | 15.55M | 15.81M |
| EPS (Basic) | 7.77 | 6.73 | 8.41 | 6.54 | 6.22 | 4.21 |
| EPS (Diluted) | 7.75 | 6.70 | 8.38 | 6.52 | 6.20 | 4.20 |
| Free Cash Flow | 177.46M | 132.40M | 152.10M | 147.76M | 107.50M | 53.44M |
| Free Cash Flow Per Share | 10.78 | 7.92 | 9.32 | 9.48 | 6.92 | 3.38 |
| Dividend Per Share | 1.14 | 1.08 | 0.90 | 0.76 | 0.68 | 0.60 |
| Gross Margin | 42.27% | 42.04% | 44.78% | 44.24% | 41.99% | 41.75% |
| Operating Margin | 18.50% | 17.36% | 21.15% | 20.34% | 18.34% | 16.54% |
| Profit Margin | 10.17% | 10.35% | 15.56% | 12.82% | 12.72% | 10.60% |
| Free Cash Flow Margin | 14.15% | 12.23% | 17.32% | 18.64% | 14.18% | 8.53% |
| EBITDA | 311.22M | 254.97M | 225.89M | 197.82M | 174.52M | 140.51M |
| EBITDA Margin | 24.82% | 23.55% | 25.72% | 24.95% | 23.03% | 22.43% |
| D&A For EBITDA | 79.20M | 67.08M | 40.11M | 36.56M | 35.55M | 36.89M |
| EBIT | 232.02M | 187.89M | 185.78M | 161.26M | 138.97M | 103.62M |
| EBIT Margin | 18.50% | 17.36% | 21.15% | 20.34% | 18.34% | 16.54% |
| Effective Tax Rate | 22.44% | 22.47% | 23.67% | 27.01% | 23.30% | 26.40% |
| Advertising Expenses | 6.70M | 4.70M | 4.50M | 4.70M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 37.20M | 33.80M | 225.84M | 22.16M | 18.45M | 16.62M |
| Trading Asset Securities | 2.73M | 761.00K | 1.19M | 877.00K | ||
| Cash & Short-Term Investments | 39.94M | 34.56M | 225.84M | 23.34M | 19.33M | 16.62M |
| Accounts Receivable | 215.11M | 206.95M | 150.51M | 137.57M | 119.80M | 119.43M |
| Other Receivables | 11.04M | 7.23M | 7.05M | 4.30M | 4.07M | |
| Receivables | 215.11M | 218.00M | 157.74M | 144.62M | 124.10M | 123.49M |
| Inventory | 314.78M | 309.71M | 194.88M | 150.75M | 161.57M | 150.11M |
| Prepaid Expenses | 34.38M | 14.12M | 11.60M | 10.95M | 9.48M | 8.53M |
| Other Current Assets | 11.06M | 12.68M | 2.80M | 1.75M | 8.57M | 1.39M |
| Total Current Assets | 615.27M | 589.07M | 592.86M | 331.41M | 323.06M | 300.15M |
| Property, Plant & Equipment | 180.29M | 176.15M | 155.48M | 137.30M | 148.05M | 154.11M |
| Long-Term Investments | 4.85M | 7.75M | 2.50M | |||
| Goodwill | 640.23M | 632.63M | 264.09M | 247.19M | 242.74M | 224.66M |
| Other Intangible Assets | 872.62M | 900.05M | 357.91M | 318.82M | 318.90M | 300.84M |
| Long-Term Deferred Tax Assets | 901.00K | 350.00K | 359.00K | 462.00K | 304.00K | |
| Long-Term Deferred Charges | 2.82M | 829.00K | 1.59M | 2.36M | 2.27M | |
| Other Long-Term Assets | 15.68M | 7.31M | 5.05M | 6.65M | 7.88M | 13.04M |
| Total Assets | 2.33B | 2.32B | 1.38B | 1.04B | 1.04B | 995.36M |
| Accounts Payable | 104.49M | 76.93M | 54.77M | 48.39M | 40.65M | 47.84M |
| Accrued Expenses | 108.23M | 86.97M | 65.03M | 55.12M | 53.14M | 51.27M |
| Current Portion of Long-Term Debt | 29.46M | 29.46M | 670.00K | |||
| Current Portion of Leases | 13.27M | 13.62M | 11.24M | 9.44M | 9.78M | 9.27M |
| Current Income Taxes Payable | 2.34M | 3.08M | 2.17M | 403.00K | 4.27M | |
| Current Unearned Revenue | 955.00K | 1.54M | 932.00K | 548.00K | 637.00K | 1.03M |
| Other Current Liabilities | 5.04M | 16.06M | 12.15M | 167.00K | 3.43M | 3.06M |
| Total Current Liabilities | 261.45M | 226.92M | 147.20M | 115.84M | 108.04M | 117.40M |
| Long-Term Debt | 735.11M | 839.84M | 166.00M | 254.02M | 252.45M | |
| Long-Term Leases | 65.25M | 61.86M | 58.12M | 39.92M | 55.59M | 63.27M |
| Pension & Post-Retirement Benefits | 1.02M | 1.04M | 1.08M | 1.11M | 1.16M | 1.03M |
| Long-Term Deferred Tax Liabilities | 98.23M | 52.69M | 59.97M | 62.14M | 62.81M | |
| Other Long-Term Liabilities | 129.07M | 19.40M | 27.54M | 25.41M | 18.36M | 13.99M |
| Total Liabilities | 1.19B | 1.25B | 286.63M | 408.25M | 499.31M | 510.95M |
| Common Stock | 179.00K | 178.00K | 177.00K | 164.00K | 163.00K | 162.00K |
| Additional Paid-In Capital | 531.83M | 520.08M | 501.29M | 137.25M | 123.34M | 112.92M |
| Retained Earnings | 886.21M | 798.96M | 705.03M | 583.08M | 493.32M | 407.52M |
| Treasury Stock | -294.78M | -257.70M | -122.12M | -95.64M | -82.73M | -46.45M |
| Comprehensive Income & Other | -5.95M | -11.10M | -12.13M | -9.13M | -8.41M | -5.07M |
| Total Common Equity | 1.12B | 1.05B | 1.07B | 615.72M | 525.67M | 469.09M |
| Minority Interest | 19.55M | 18.99M | 20.19M | 19.36M | 18.46M | 15.32M |
| Shareholders' Equity | 1.14B | 1.07B | 1.09B | 635.08M | 544.14M | 484.41M |
| Total Liabilities & Equity | 2.33B | 2.32B | 1.38B | 1.04B | 1.04B | 995.36M |
| Total Debt | 843.09M | 944.78M | 69.36M | 215.37M | 319.39M | 325.66M |
| Net Cash (Debt) | -803.15M | -910.22M | 156.48M | -192.02M | -300.06M | -309.04M |
| Net Cash Per Share | -48.79 | -54.46 | 9.59 | -12.32 | -19.30 | -19.55 |
| Filing Date Shares Outstanding | 16.29M | 16.32M | 16.81M | 15.53M | 15.51M | 15.68M |
| Total Common Shares Outstanding | 16.28M | 16.35M | 16.78M | 15.51M | 15.48M | 15.71M |
| Working Capital | 353.82M | 362.15M | 445.66M | 215.57M | 215.02M | 182.75M |
| Book Value Per Share | 68.63 | 64.25 | 63.89 | 39.69 | 33.97 | 29.86 |
| Tangible Book Value | -395.36M | -482.27M | 450.24M | 49.71M | -35.97M | -56.41M |
| Tangible Book Value Per Share | -24.28 | -29.50 | 26.83 | 3.20 | -2.32 | -3.59 |
| Land | 3.11M | 3.11M | 3.16M | 3.23M | 3.23M | |
| Buildings | 57.78M | 56.98M | 54.41M | 52.98M | 53.35M | |
| Machinery | 165.38M | 136.24M | 127.34M | 112.27M | 99.77M | |
| Construction In Progress | 6.45M | 10.30M | 11.41M | 12.47M | 11.08M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 127.56M | 112.05M | 136.65M | 101.65M | 96.44M | 66.39M |
| Depreciation & Amortization | 79.20M | 67.08M | 40.11M | 36.56M | 35.55M | 36.89M |
| Other Amortization | 1.19M | 1.07M | 766.00K | 769.00K | ||
| Loss (Gain) From Sale of Assets | 948.00K | 756.00K | 35.00K | -2.68M | 104.00K | -85.00K |
| Asset Writedown & Restructuring Costs | 15.63M | 15.63M | 1.60M | 156.00K | ||
| Stock-Based Compensation | 15.03M | 14.93M | 13.59M | 11.54M | 9.75M | 8.45M |
| Provision & Write-off of Bad Debts | 2.50M | 2.28M | 1.41M | 814.00K | 2.01M | 1.50M |
| Other Operating Activities | 4.52M | -912.00K | 898.00K | 3.01M | -4.20M | -743.00K |
| Change in Accounts Receivable | -45.34M | -27.08M | -9.12M | -17.90M | 1.10M | -26.73M |
| Change in Inventory | -37.67M | -36.75M | -35.70M | 10.36M | -11.42M | -49.40M |
| Change in Accounts Payable | 47.10M | 10.70M | 21.66M | 12.29M | -7.00M | 27.98M |
| Change in Other Net Operating Assets | -12.44M | -10.11M | -1.94M | 6.31M | -1.04M | 4.85M |
| Operating Cash Flow | 198.24M | 149.65M | 168.36M | 164.33M | 121.45M | 69.09M |
| Capital Expenditures | -20.77M | -17.26M | -16.27M | -16.57M | -13.95M | -15.65M |
| Sale of Property, Plant & Equipment | 346.00K | 217.00K | 1.23M | 3.85M | 120.00K | 139.00K |
| Cash Acquisitions | -696.28M | -1.02B | -84.68M | -29.78M | -55.88M | -35.94M |
| Investment in Securities | -4.80M | -4.80M | -2.50M | |||
| Investing Cash Flow | -721.51M | -1.04B | -102.22M | -42.50M | -69.72M | -51.46M |
| Long-Term Debt Issued | 1.11B | 32.72M | 112.32M | 143.18M | 94.00M | |
| Long-Term Debt Repaid | -234.22M | -198.72M | -199.32M | -142.95M | -83.56M | |
| Net Debt Issued (Repaid) | 706.50M | 871.50M | -166.00M | -87.00M | 225.00K | 10.44M |
| Issuance of Common Stock | 347.41M | 272.00K | 1.33M | |||
| Repurchase of Common Stock | -148.85M | -132.75M | -27.69M | -15.27M | -39.07M | -19.31M |
| Common Dividends Paid | -18.74M | -18.02M | -14.58M | -11.80M | -10.55M | -9.46M |
| Other Financing Activities | -9.77M | -19.26M | -1.08M | -2.95M | -160.00K | 3.96M |
| Financing Cash Flow | 529.13M | 701.47M | 138.05M | -117.02M | -49.29M | -13.04M |
| Foreign Exchange Rate Adjustments | -119.00K | -100.00K | -499.00K | -1.10M | -611.00K | 1.94M |
| Net Cash Flow | 5.73M | -192.05M | 203.69M | 3.70M | 1.84M | 6.53M |
| Free Cash Flow | 177.46M | 132.40M | 152.10M | 147.76M | 107.50M | 53.44M |
| Free Cash Flow Margin | 14.15% | 12.23% | 17.32% | 18.64% | 14.18% | 8.53% |
| Free Cash Flow Per Share | 10.78 | 7.92 | 9.32 | 9.48 | 6.92 | 3.38 |
| Levered Free Cash Flow | 106.26M | 34.65M | 128.96M | 133.72M | 83.66M | 52.46M |
| Unlevered Free Cash Flow | 133.25M | 47.48M | 128.36M | 140.90M | 91.91M | 55.87M |
| Cash Interest Paid | 20.91M | 20.91M | 4.79M | 12.25M | 12.50M | 4.96M |
| Cash Income Tax Paid | 46.42M | 46.42M | 50.87M | 39.30M | 47.48M | 20.48M |
| Change in Working Capital | -48.34M | -63.23M | -25.09M | 11.07M | -18.36M | -43.30M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.68B | 4.29B | 4.89B | 3.64B | 2.15B | 1.84B |
| Enterprise Value | 5.48B | 5.15B | 4.77B | 3.84B | 2.50B | 2.14B |
| Last Close Price | 287.03 | 259.80 | 289.52 | 232.29 | 136.94 | 115.25 |
| PE Ratio | 37.05 | 38.30 | 35.80 | 35.85 | 22.29 | 27.71 |
| Forward PE | 21.76 | 23.29 | 31.32 | 30.95 | 23.47 | 23.87 |
| PS Ratio | 3.73 | 3.96 | 5.57 | 4.60 | 2.84 | 2.94 |
| PB Ratio | 4.18 | 4.01 | 4.48 | 5.74 | 3.95 | 3.80 |
| P/TBV Ratio | 10.87 | 73.30 | ||||
| P/FCF Ratio | 26.35 | 32.42 | 32.17 | 24.66 | 20.00 | 34.43 |
| P/OCF Ratio | 23.59 | 28.68 | 29.06 | 22.17 | 17.70 | 26.63 |
| PEG Ratio | 1.74 | 1.86 | 3.13 | 2.06 | 1.24 | 1.65 |
| EV/Sales Ratio | 4.37 | 4.75 | 5.43 | 4.84 | 3.29 | 3.42 |
| EV/EBITDA Ratio | 17.61 | 20.19 | 21.11 | 19.39 | 14.30 | 15.26 |
| EV/EBIT Ratio | 23.62 | 27.39 | 25.66 | 23.78 | 17.96 | 20.69 |
| EV/FCF Ratio | 30.88 | 38.88 | 31.35 | 25.95 | 23.22 | 40.12 |
| Debt / Equity Ratio | 0.74 | 0.88 | 0.06 | 0.34 | 0.59 | 0.67 |
| Debt / EBITDA Ratio | 2.55 | 3.47 | 0.29 | 1.03 | 1.72 | 2.16 |
| Debt / FCF Ratio | 4.75 | 7.14 | 0.46 | 1.46 | 2.97 | 6.09 |
| Net Debt / Equity Ratio | 0.71 | 0.85 | -0.14 | 0.30 | 0.55 | 0.64 |
| Net Debt / EBITDA Ratio | 2.58 | 3.57 | -0.69 | 0.97 | 1.72 | 2.20 |
| Net Debt / FCF Ratio | 4.53 | 6.88 | -1.03 | 1.30 | 2.79 | 5.78 |
| Asset Turnover | 0.65 | 0.59 | 0.72 | 0.76 | 0.74 | 0.67 |
| Inventory Turnover | 2.64 | 2.49 | 2.81 | 2.83 | 2.82 | 2.89 |
| Quick Ratio | 0.98 | 1.11 | 2.61 | 1.45 | 1.33 | 1.19 |
| Current Ratio | 2.35 | 2.60 | 4.03 | 2.86 | 2.99 | 2.56 |
| Return on Equity (ROE) | 11.25% | 10.44% | 15.92% | 17.39% | 18.78% | 14.96% |
| Return on Assets (ROA) | 7.54% | 6.35% | 9.59% | 9.66% | 8.52% | 6.91% |
| Return on Invested Capital (ROIC) | 9.20% | 9.99% | 16.09% | 14.09% | 13.02% | 10.12% |
| Return on Capital Employed (ROCE) | 11.20% | 9.00% | 15.10% | 17.40% | 14.90% | 11.80% |
| Earnings Yield | 2.70% | 2.61% | 2.79% | 2.79% | 4.49% | 3.61% |
| FCF Yield | 3.79% | 3.08% | 3.11% | 4.06% | 5.00% | 2.90% |
| Dividend Yield | 0.42% | 0.41% | 0.31% | 0.32% | 0.49% | 0.51% |
| Payout Ratio | 15.49% | 16.08% | 10.67% | 11.61% | 10.95% | 14.25% |
| Buyback Yield / Dilution | 2.34% | -2.44% | -4.70% | -0.22% | 1.65% | -4.50% |
| Total Shareholder Return | 2.76% | -2.03% | -4.40% | 0.10% | 2.14% | -3.99% |