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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) 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 $143.8M, roughly 1.6× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 4.4%, a 19.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 2.9%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs 5.1%).
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
CNS vs CSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.8M | $233.0M |
| Net Profit | $34.9M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | 28.0% | 7.4% |
| Net Margin | 24.3% | 4.4% |
| Revenue YoY | 2.9% | 20.3% |
| Net Profit YoY | -23.9% | -61.9% |
| EPS (diluted) | $0.67 | $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 | $143.8M | $233.0M | ||
| Q3 25 | $141.7M | $277.0M | ||
| Q2 25 | $136.1M | $263.6M | ||
| Q1 25 | $134.5M | $230.5M | ||
| Q4 24 | $139.8M | $193.6M | ||
| Q3 24 | $133.2M | $227.9M | ||
| Q2 24 | $121.7M | $226.2M | ||
| Q1 24 | $122.7M | $210.9M |
| Q4 25 | $34.9M | $10.3M | ||
| Q3 25 | $41.7M | $40.7M | ||
| Q2 25 | $36.8M | $40.9M | ||
| Q1 25 | $39.8M | $35.1M | ||
| Q4 24 | $45.8M | $26.9M | ||
| Q3 24 | $39.7M | $36.1M | ||
| Q2 24 | $31.8M | $38.6M | ||
| Q1 24 | $34.0M | $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 | 28.0% | 7.4% | ||
| Q3 25 | 34.5% | 20.5% | ||
| Q2 25 | 31.8% | 20.8% | ||
| Q1 25 | 33.6% | 19.5% | ||
| Q4 24 | 35.3% | 15.3% | ||
| Q3 24 | 33.7% | 22.6% | ||
| Q2 24 | 31.5% | 24.3% | ||
| Q1 24 | 32.8% | 21.0% |
| Q4 25 | 24.3% | 4.4% | ||
| Q3 25 | 29.4% | 14.7% | ||
| Q2 25 | 27.1% | 15.5% | ||
| Q1 25 | 29.6% | 15.2% | ||
| Q4 24 | 32.8% | 13.9% | ||
| Q3 24 | 29.8% | 15.8% | ||
| Q2 24 | 26.1% | 17.1% | ||
| Q1 24 | 27.7% | 15.1% |
| Q4 25 | $0.67 | $0.62 | ||
| Q3 25 | $0.81 | $2.41 | ||
| Q2 25 | $0.72 | $2.43 | ||
| Q1 25 | $0.77 | $2.05 | ||
| Q4 24 | $0.89 | $1.60 | ||
| Q3 24 | $0.77 | $2.26 | ||
| Q2 24 | $0.63 | $2.47 | ||
| Q1 24 | $0.68 | $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 | $145.5M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $562.0M | $1.1B |
| Total Assets | $876.7M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $40.2M | ||
| Q3 25 | $98.1M | $31.5M | ||
| Q2 25 | $95.4M | $38.0M | ||
| Q1 25 | $65.2M | $225.8M | ||
| Q4 24 | $183.0M | $213.8M | ||
| Q3 24 | $106.5M | $273.2M | ||
| Q2 24 | $122.0M | $18.9M | ||
| Q1 24 | $99.5M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $562.0M | $1.1B | ||
| Q3 25 | $550.3M | $1.1B | ||
| Q2 25 | $528.5M | $1.1B | ||
| Q1 25 | $507.7M | $1.1B | ||
| Q4 24 | $511.7M | $1.0B | ||
| Q3 24 | $491.0M | $1.0B | ||
| Q2 24 | $463.2M | $650.2M | ||
| Q1 24 | $378.9M | $615.7M |
| Q4 25 | $876.7M | $2.3B | ||
| Q3 25 | $801.6M | $1.5B | ||
| Q2 25 | $751.0M | $1.5B | ||
| Q1 25 | $834.9M | $1.4B | ||
| Q4 24 | $812.4M | $1.4B | ||
| Q3 24 | $727.8M | $1.4B | ||
| Q2 24 | $784.1M | $1.1B | ||
| Q1 24 | $680.7M | $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 | $-120.4M | $28.9M |
| Free Cash FlowOCF − Capex | $-126.4M | $22.7M |
| FCF MarginFCF / Revenue | -87.9% | 9.8% |
| Capex IntensityCapex / Revenue | 4.2% | 2.6% |
| Cash ConversionOCF / Net Profit | -3.45× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-253.6M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-120.4M | $28.9M | ||
| Q3 25 | $55.1M | $61.8M | ||
| Q2 25 | $-67.6M | $60.6M | ||
| Q1 25 | $-108.9M | $27.3M | ||
| Q4 24 | $96.7M | $11.6M | ||
| Q3 24 | $25.6M | $66.8M | ||
| Q2 24 | $31.4M | $62.7M | ||
| Q1 24 | $4.9M | $22.4M |
| Q4 25 | $-126.4M | $22.7M | ||
| Q3 25 | $52.6M | $58.7M | ||
| Q2 25 | $-69.8M | $57.7M | ||
| Q1 25 | $-110.0M | $22.8M | ||
| Q4 24 | $85.0M | $8.5M | ||
| Q3 24 | $24.2M | $61.3M | ||
| Q2 24 | $27.1M | $59.6M | ||
| Q1 24 | $537.0K | $17.5M |
| Q4 25 | -87.9% | 9.8% | ||
| Q3 25 | 37.1% | 21.2% | ||
| Q2 25 | -51.3% | 21.9% | ||
| Q1 25 | -81.8% | 9.9% | ||
| Q4 24 | 60.8% | 4.4% | ||
| Q3 24 | 18.2% | 26.9% | ||
| Q2 24 | 22.3% | 26.3% | ||
| Q1 24 | 0.4% | 8.3% |
| Q4 25 | 4.2% | 2.6% | ||
| Q3 25 | 1.8% | 1.1% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 0.8% | 2.0% | ||
| Q4 24 | 8.3% | 1.6% | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 3.5% | 1.4% | ||
| Q1 24 | 3.5% | 2.3% |
| Q4 25 | -3.45× | 2.81× | ||
| Q3 25 | 1.32× | 1.52× | ||
| Q2 25 | -1.84× | 1.48× | ||
| Q1 25 | -2.74× | 0.78× | ||
| Q4 24 | 2.11× | 0.43× | ||
| Q3 24 | 0.65× | 1.85× | ||
| Q2 24 | 0.99× | 1.62× | ||
| Q1 24 | 0.14× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNS
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% |
