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Side-by-side financial comparison of Webull Corp (BULL) 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 $131.5M, roughly 1.8× Webull Corp). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -21.5%, a 25.9% gap on every dollar of revenue. On growth, Webull Corp posted the faster year-over-year revenue change (46.3% vs 20.3%). Webull Corp produced more free cash flow last quarter ($271.7M vs $22.7M).
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.
BULL vs CSW — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $233.0M |
| Net Profit | $-28.3M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | -16.3% | 7.4% |
| Net Margin | -21.5% | 4.4% |
| Revenue YoY | 46.3% | 20.3% |
| Net Profit YoY | -144.3% | -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 | $131.5M | $263.6M | ||
| Q1 25 | — | $230.5M | ||
| Q4 24 | — | $193.6M | ||
| Q3 24 | — | $227.9M | ||
| Q2 24 | $89.9M | $226.2M | ||
| Q1 24 | — | $210.9M |
| Q4 25 | — | $10.3M | ||
| Q3 25 | — | $40.7M | ||
| Q2 25 | $-28.3M | $40.9M | ||
| Q1 25 | — | $35.1M | ||
| Q4 24 | — | $26.9M | ||
| Q3 24 | — | $36.1M | ||
| Q2 24 | $-11.6M | $38.6M | ||
| Q1 24 | — | $31.8M |
| 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% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | -16.3% | 20.8% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | -11.4% | 24.3% | ||
| Q1 24 | — | 21.0% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | -21.5% | 15.5% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | -12.9% | 17.1% | ||
| Q1 24 | — | 15.1% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | — | $2.41 | ||
| Q2 25 | — | $2.43 | ||
| Q1 25 | — | $2.05 | ||
| Q4 24 | — | $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 | $476.7M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $751.6M | $1.1B |
| Total Assets | $2.6B | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.2M | ||
| Q3 25 | — | $31.5M | ||
| Q2 25 | $476.7M | $38.0M | ||
| Q1 25 | — | $225.8M | ||
| Q4 24 | — | $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 | $751.6M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $-2.9B | $650.2M | ||
| Q1 24 | — | $615.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $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 | $272.1M | $28.9M |
| Free Cash FlowOCF − Capex | $271.7M | $22.7M |
| FCF MarginFCF / Revenue | 206.6% | 9.8% |
| Capex IntensityCapex / Revenue | 0.3% | 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 | $272.1M | $60.6M | ||
| Q1 25 | — | $27.3M | ||
| Q4 24 | — | $11.6M | ||
| Q3 24 | — | $66.8M | ||
| Q2 24 | — | $62.7M | ||
| Q1 24 | — | $22.4M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $58.7M | ||
| Q2 25 | $271.7M | $57.7M | ||
| Q1 25 | — | $22.8M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | — | $59.6M | ||
| Q1 24 | — | $17.5M |
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | 206.6% | 21.9% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 26.3% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 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
BULL
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% |
