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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) 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 $127.0M, roughly 1.8× BRANDYWINE REALTY TRUST). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -38.4%, a 42.8% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 4.5%). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
BDN vs CSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $233.0M |
| Net Profit | $-48.8M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | 1.2% | 7.4% |
| Net Margin | -38.4% | 4.4% |
| Revenue YoY | 4.5% | 20.3% |
| Net Profit YoY | -80.4% | -61.9% |
| EPS (diluted) | $-0.28 | $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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $233.0M | ||
| Q3 25 | $121.4M | $277.0M | ||
| Q2 25 | $120.6M | $263.6M | ||
| Q1 25 | $121.5M | $230.5M | ||
| Q4 24 | $121.9M | $193.6M | ||
| Q3 24 | $131.8M | $227.9M | ||
| Q2 24 | $125.3M | $226.2M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $10.3M | ||
| Q3 25 | $-25.9M | $40.7M | ||
| Q2 25 | $-88.7M | $40.9M | ||
| Q1 25 | $-27.0M | $35.1M | ||
| Q4 24 | $-44.5M | $26.9M | ||
| Q3 24 | $-165.2M | $36.1M | ||
| Q2 24 | $30.2M | $38.6M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 39.7% | ||
| Q3 25 | 62.6% | 43.0% | ||
| Q2 25 | 62.4% | 43.8% | ||
| Q1 25 | 60.8% | 44.2% | ||
| Q4 24 | 61.2% | 41.4% | ||
| Q3 24 | 64.9% | 45.6% | ||
| Q2 24 | 63.1% | 47.5% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 7.4% | ||
| Q3 25 | 20.8% | 20.5% | ||
| Q2 25 | -34.3% | 20.8% | ||
| Q1 25 | 12.5% | 19.5% | ||
| Q4 24 | 18.0% | 15.3% | ||
| Q3 24 | -7.2% | 22.6% | ||
| Q2 24 | 15.5% | 24.3% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | 4.4% | ||
| Q3 25 | -21.3% | 14.7% | ||
| Q2 25 | -73.5% | 15.5% | ||
| Q1 25 | -22.2% | 15.2% | ||
| Q4 24 | -36.5% | 13.9% | ||
| Q3 24 | -125.4% | 15.8% | ||
| Q2 24 | 24.1% | 17.1% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.62 | ||
| Q3 25 | $-0.15 | $2.41 | ||
| Q2 25 | $-0.51 | $2.43 | ||
| Q1 25 | $-0.16 | $2.05 | ||
| Q4 24 | $-0.25 | $1.60 | ||
| Q3 24 | $-0.96 | $2.26 | ||
| Q2 24 | $0.17 | $2.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | $3.6B | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $40.2M | ||
| Q3 25 | $75.5M | $31.5M | ||
| Q2 25 | $122.6M | $38.0M | ||
| Q1 25 | $29.4M | $225.8M | ||
| Q4 24 | $90.2M | $213.8M | ||
| Q3 24 | $36.5M | $273.2M | ||
| Q2 24 | $30.4M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | $800.1M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $1.1B | ||
| Q3 25 | $841.5M | $1.1B | ||
| Q2 25 | $879.8M | $1.1B | ||
| Q1 25 | $993.6M | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.3B | $650.2M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | $3.4B | $1.4B | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.8B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | 0.75× | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $28.9M | ||
| Q3 25 | $47.5M | $61.8M | ||
| Q2 25 | $34.4M | $60.6M | ||
| Q1 25 | $6.3M | $27.3M | ||
| Q4 24 | $181.1M | $11.6M | ||
| Q3 24 | $52.2M | $66.8M | ||
| Q2 24 | $48.2M | $62.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 | 1.60× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
