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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.

CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $172.2M, roughly 1.4× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 4.4%, a 15.7% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 5.1%).

AAMI vs CSW — Head-to-Head

Bigger by revenue
CSW
CSW
1.4× larger
CSW
$233.0M
$172.2M
AAMI
Growing faster (revenue YoY)
CSW
CSW
+17.7% gap
CSW
20.3%
2.6%
AAMI
Higher net margin
AAMI
AAMI
15.7% more per $
AAMI
20.2%
4.4%
CSW
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
5.1%
CSW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AAMI
AAMI
CSW
CSW
Revenue
$172.2M
$233.0M
Net Profit
$34.7M
$10.3M
Gross Margin
39.7%
Operating Margin
33.3%
7.4%
Net Margin
20.2%
4.4%
Revenue YoY
2.6%
20.3%
Net Profit YoY
-18.4%
-61.9%
EPS (diluted)
$0.97
$0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
CSW
CSW
Q4 25
$172.2M
$233.0M
Q3 25
$144.2M
$277.0M
Q2 25
$127.4M
$263.6M
Q1 25
$119.9M
$230.5M
Q4 24
$167.8M
$193.6M
Q3 24
$123.1M
$227.9M
Q2 24
$109.0M
$226.2M
Q1 24
$105.7M
$210.9M
Net Profit
AAMI
AAMI
CSW
CSW
Q4 25
$34.7M
$10.3M
Q3 25
$15.1M
$40.7M
Q2 25
$10.1M
$40.9M
Q1 25
$20.1M
$35.1M
Q4 24
$42.5M
$26.9M
Q3 24
$16.9M
$36.1M
Q2 24
$11.0M
$38.6M
Q1 24
$14.6M
$31.8M
Gross Margin
AAMI
AAMI
CSW
CSW
Q4 25
39.7%
Q3 25
43.0%
Q2 25
43.8%
Q1 25
44.2%
Q4 24
41.4%
Q3 24
45.6%
Q2 24
47.5%
Q1 24
44.4%
Operating Margin
AAMI
AAMI
CSW
CSW
Q4 25
33.3%
7.4%
Q3 25
18.4%
20.5%
Q2 25
12.7%
20.8%
Q1 25
26.6%
19.5%
Q4 24
38.7%
15.3%
Q3 24
21.9%
22.6%
Q2 24
18.9%
24.3%
Q1 24
21.7%
21.0%
Net Margin
AAMI
AAMI
CSW
CSW
Q4 25
20.2%
4.4%
Q3 25
10.5%
14.7%
Q2 25
7.9%
15.5%
Q1 25
16.8%
15.2%
Q4 24
25.3%
13.9%
Q3 24
13.7%
15.8%
Q2 24
10.1%
17.1%
Q1 24
13.8%
15.1%
EPS (diluted)
AAMI
AAMI
CSW
CSW
Q4 25
$0.97
$0.62
Q3 25
$0.42
$2.41
Q2 25
$0.28
$2.43
Q1 25
$0.54
$2.05
Q4 24
$1.11
$1.60
Q3 24
$0.45
$2.26
Q2 24
$0.29
$2.47
Q1 24
$0.37
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
CSW
CSW
Cash + ST InvestmentsLiquidity on hand
$40.2M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$1.1B
Total Assets
$677.0M
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
CSW
CSW
Q4 25
$40.2M
Q3 25
$31.5M
Q2 25
$38.0M
Q1 25
$225.8M
Q4 24
$213.8M
Q3 24
$273.2M
Q2 24
$18.9M
Q1 24
$22.2M
Total Debt
AAMI
AAMI
CSW
CSW
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
AAMI
AAMI
CSW
CSW
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$650.2M
Q1 24
$615.7M
Total Assets
AAMI
AAMI
CSW
CSW
Q4 25
$677.0M
$2.3B
Q3 25
$751.4M
$1.5B
Q2 25
$672.3M
$1.5B
Q1 25
$677.3M
$1.4B
Q4 24
$703.2M
$1.4B
Q3 24
$555.2M
$1.4B
Q2 24
$533.1M
$1.1B
Q1 24
$544.9M
$1.0B
Debt / Equity
AAMI
AAMI
CSW
CSW
Q4 25
Q3 25
Q2 25
Q1 25
0.75×
Q4 24
Q3 24
Q2 24
Q1 24
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
CSW
CSW
Operating Cash FlowLast quarter
$-2.4M
$28.9M
Free Cash FlowOCF − Capex
$22.7M
FCF MarginFCF / Revenue
9.8%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
-0.07×
2.81×
TTM Free Cash FlowTrailing 4 quarters
$162.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
CSW
CSW
Q4 25
$-2.4M
$28.9M
Q3 25
$-23.9M
$61.8M
Q2 25
$61.6M
$60.6M
Q1 25
$-48.8M
$27.3M
Q4 24
$55.8M
$11.6M
Q3 24
$69.6M
$66.8M
Q2 24
$45.7M
$62.7M
Q1 24
$-40.4M
$22.4M
Free Cash Flow
AAMI
AAMI
CSW
CSW
Q4 25
$22.7M
Q3 25
$58.7M
Q2 25
$57.7M
Q1 25
$22.8M
Q4 24
$8.5M
Q3 24
$61.3M
Q2 24
$59.6M
Q1 24
$17.5M
FCF Margin
AAMI
AAMI
CSW
CSW
Q4 25
9.8%
Q3 25
21.2%
Q2 25
21.9%
Q1 25
9.9%
Q4 24
4.4%
Q3 24
26.9%
Q2 24
26.3%
Q1 24
8.3%
Capex Intensity
AAMI
AAMI
CSW
CSW
Q4 25
2.6%
Q3 25
1.1%
Q2 25
1.1%
Q1 25
2.0%
Q4 24
1.6%
Q3 24
2.4%
Q2 24
1.4%
Q1 24
2.3%
Cash Conversion
AAMI
AAMI
CSW
CSW
Q4 25
-0.07×
2.81×
Q3 25
-1.58×
1.52×
Q2 25
6.10×
1.48×
Q1 25
-2.43×
0.78×
Q4 24
1.31×
0.43×
Q3 24
4.12×
1.85×
Q2 24
4.15×
1.62×
Q1 24
-2.77×
0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

CSW
CSW

Contractor Solutions Segment$166.3M71%
Specialized Reliability Solutions Segment$38.2M16%
Engineered Building Solutions Segment$28.5M12%

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