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Side-by-side financial comparison of CBL International Ltd (BANL) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
CBL International Ltd is the larger business by last-quarter revenue ($277.2M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -0.6%, a 5.0% gap on every dollar of revenue.
BANL vs CSW — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $277.2M | $233.0M |
| Net Profit | $-1.6M | $10.3M |
| Gross Margin | 1.0% | 39.7% |
| Operating Margin | -0.5% | 7.4% |
| Net Margin | -0.6% | 4.4% |
| Revenue YoY | — | 20.3% |
| Net Profit YoY | — | -61.9% |
| EPS (diluted) | — | $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.
| Q4 25 | — | $233.0M | ||
| Q3 25 | — | $277.0M | ||
| Q2 25 | $277.2M | $263.6M | ||
| Q1 25 | — | $230.5M | ||
| Q4 24 | $592.5M | $193.6M | ||
| Q3 24 | — | $227.9M | ||
| Q2 24 | $192.0M | $226.2M | ||
| Q1 24 | — | $210.9M |
| Q4 25 | — | $10.3M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | $-1.6M | $40.9M | ||
| Q1 25 | — | $35.1M | ||
| Q4 24 | $-3.9M | $26.9M | ||
| Q3 24 | — | $36.1M | ||
| Q2 24 | — | $38.6M | ||
| Q1 24 | — | $31.8M |
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | 1.0% | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | 0.9% | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | 2.1% | 47.5% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | -0.5% | 20.8% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | -0.6% | 15.3% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 24.3% | ||
| Q1 24 | — | 21.0% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | -0.6% | 15.5% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | -0.7% | 13.9% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | 15.1% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | — | $2.41 | ||
| Q2 25 | — | $2.43 | ||
| Q1 25 | — | $2.05 | ||
| Q4 24 | $-0.14 | $1.60 | ||
| Q3 24 | — | $2.26 | ||
| Q2 24 | — | $2.47 | ||
| Q1 24 | — | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.9M | $1.1B |
| Total Assets | $69.3M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.2M | ||
| Q3 25 | — | $31.5M | ||
| Q2 25 | — | $38.0M | ||
| Q1 25 | — | $225.8M | ||
| Q4 24 | $8.0M | $213.8M | ||
| Q3 24 | — | $273.2M | ||
| Q2 24 | — | $18.9M | ||
| Q1 24 | — | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $22.9M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $22.9M | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $25.3M | $650.2M | ||
| Q1 24 | — | $615.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $69.3M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $69.3M | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $53.5M | $1.1B | ||
| Q1 24 | — | $1.0B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $28.9M |
| Free Cash FlowOCF − Capex | — | $22.7M |
| FCF MarginFCF / Revenue | — | 9.8% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | — | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $61.8M | ||
| Q2 25 | — | $60.6M | ||
| Q1 25 | — | $27.3M | ||
| Q4 24 | $-1.9M | $11.6M | ||
| Q3 24 | — | $66.8M | ||
| Q2 24 | — | $62.7M | ||
| Q1 24 | — | $22.4M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $58.7M | ||
| Q2 25 | — | $57.7M | ||
| Q1 25 | — | $22.8M | ||
| Q4 24 | $-2.1M | $8.5M | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | — | $59.6M | ||
| Q1 24 | — | $17.5M |
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | -0.4% | 4.4% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 26.3% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 0.0% | 1.6% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BANL
Segment breakdown not available.
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
