vs

Side-by-side financial comparison of CONMED Corp (CNMD) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.

CONMED Corp is the larger business by last-quarter revenue ($317.0M vs $233.0M, roughly 1.4× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 4.4%, a 0.0% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -1.3%). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -2.3%).

The CONMED Corporation is a publicly traded American manufacturer of medical equipment and surgical devices, primarily in the orthopedic, laparoscopic and general surgery, and patient care areas. CONMED's headquarters is in Largo, Florida. Prior to July 2022, it was in Utica, New York. CONMED embraces a people-first culture that starts with a mission to support their healthcare partners and the patients they serve. They have manufacturing facilities in the United States and Mexico, offices in...

CNMD vs CSW — Head-to-Head

Bigger by revenue
CNMD
CNMD
1.4× larger
CNMD
$317.0M
$233.0M
CSW
Growing faster (revenue YoY)
CSW
CSW
+21.6% gap
CSW
20.3%
-1.3%
CNMD
Higher net margin
CSW
CSW
0.0% more per $
CSW
4.4%
4.4%
CNMD
Faster 2-yr revenue CAGR
CSW
CSW
Annualised
CSW
5.1%
-2.3%
CNMD

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CNMD
CNMD
CSW
CSW
Revenue
$317.0M
$233.0M
Net Profit
$13.8M
$10.3M
Gross Margin
57.9%
39.7%
Operating Margin
8.0%
7.4%
Net Margin
4.4%
4.4%
Revenue YoY
-1.3%
20.3%
Net Profit YoY
129.1%
-61.9%
EPS (diluted)
$0.45
$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
CNMD
CNMD
CSW
CSW
Q1 26
$317.0M
Q4 25
$373.2M
$233.0M
Q3 25
$337.9M
$277.0M
Q2 25
$342.3M
$263.6M
Q1 25
$321.3M
$230.5M
Q4 24
$345.9M
$193.6M
Q3 24
$316.7M
$227.9M
Q2 24
$332.1M
$226.2M
Net Profit
CNMD
CNMD
CSW
CSW
Q1 26
$13.8M
Q4 25
$10.3M
Q3 25
$2.9M
$40.7M
Q2 25
$21.4M
$40.9M
Q1 25
$6.0M
$35.1M
Q4 24
$26.9M
Q3 24
$49.0M
$36.1M
Q2 24
$30.0M
$38.6M
Gross Margin
CNMD
CNMD
CSW
CSW
Q1 26
57.9%
Q4 25
58.5%
39.7%
Q3 25
49.2%
43.0%
Q2 25
55.0%
43.8%
Q1 25
55.3%
44.2%
Q4 24
57.3%
41.4%
Q3 24
56.5%
45.6%
Q2 24
55.3%
47.5%
Operating Margin
CNMD
CNMD
CSW
CSW
Q1 26
8.0%
Q4 25
9.8%
7.4%
Q3 25
3.5%
20.5%
Q2 25
11.1%
20.8%
Q1 25
5.0%
19.5%
Q4 24
15.2%
15.3%
Q3 24
20.7%
22.6%
Q2 24
14.2%
24.3%
Net Margin
CNMD
CNMD
CSW
CSW
Q1 26
4.4%
Q4 25
4.4%
Q3 25
0.8%
14.7%
Q2 25
6.3%
15.5%
Q1 25
1.9%
15.2%
Q4 24
13.9%
Q3 24
15.5%
15.8%
Q2 24
9.0%
17.1%
EPS (diluted)
CNMD
CNMD
CSW
CSW
Q1 26
$0.45
Q4 25
$0.54
$0.62
Q3 25
$0.09
$2.41
Q2 25
$0.69
$2.43
Q1 25
$0.19
$2.05
Q4 24
$1.09
$1.60
Q3 24
$1.57
$2.26
Q2 24
$0.96
$2.47

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNMD
CNMD
CSW
CSW
Q1 26
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
Total Debt
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
$834.2M
Q3 25
$853.0M
Q2 25
$881.1M
Q1 25
$891.4M
$800.1M
Q4 24
$905.1M
Q3 24
$940.1M
Q2 24
$965.2M
Stockholders' Equity
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
$1.0B
$1.1B
Q3 25
$1.0B
$1.1B
Q2 25
$1.0B
$1.1B
Q1 25
$977.6M
$1.1B
Q4 24
$962.7M
$1.0B
Q3 24
$932.9M
$1.0B
Q2 24
$881.8M
$650.2M
Total Assets
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
$2.3B
$2.3B
Q3 25
$2.3B
$1.5B
Q2 25
$2.3B
$1.5B
Q1 25
$2.3B
$1.4B
Q4 24
$2.3B
$1.4B
Q3 24
$2.3B
$1.4B
Q2 24
$2.3B
$1.1B
Debt / Equity
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
0.81×
Q3 25
0.85×
Q2 25
0.88×
Q1 25
0.91×
0.75×
Q4 24
0.94×
Q3 24
1.01×
Q2 24
1.09×

Cash Flow & Capital Efficiency

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

Metric
CNMD
CNMD
CSW
CSW
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.

Operating Cash Flow
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
$46.3M
$28.9M
Q3 25
$53.7M
$61.8M
Q2 25
$29.1M
$60.6M
Q1 25
$41.5M
$27.3M
Q4 24
$43.3M
$11.6M
Q3 24
$51.2M
$66.8M
Q2 24
$43.3M
$62.7M
Free Cash Flow
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
$41.2M
$22.7M
Q3 25
$48.5M
$58.7M
Q2 25
$23.4M
$57.7M
Q1 25
$37.8M
$22.8M
Q4 24
$39.3M
$8.5M
Q3 24
$47.8M
$61.3M
Q2 24
$39.7M
$59.6M
FCF Margin
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
11.0%
9.8%
Q3 25
14.4%
21.2%
Q2 25
6.8%
21.9%
Q1 25
11.8%
9.9%
Q4 24
11.4%
4.4%
Q3 24
15.1%
26.9%
Q2 24
12.0%
26.3%
Capex Intensity
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
1.4%
2.6%
Q3 25
1.5%
1.1%
Q2 25
1.7%
1.1%
Q1 25
1.2%
2.0%
Q4 24
1.2%
1.6%
Q3 24
1.1%
2.4%
Q2 24
1.1%
1.4%
Cash Conversion
CNMD
CNMD
CSW
CSW
Q1 26
Q4 25
2.81×
Q3 25
18.78×
1.52×
Q2 25
1.36×
1.48×
Q1 25
6.88×
0.78×
Q4 24
0.43×
Q3 24
1.05×
1.85×
Q2 24
1.44×
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNMD
CNMD

Segment breakdown not available.

CSW
CSW

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

Related Comparisons