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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.2× CRA INTERNATIONAL, INC.). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs 4.4%, a 2.3% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 11.6%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs 5.1%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
CRAI vs CSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $233.0M |
| Net Profit | $13.2M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | 10.5% | 7.4% |
| Net Margin | 6.7% | 4.4% |
| Revenue YoY | 11.6% | 20.3% |
| Net Profit YoY | -12.0% | -61.9% |
| EPS (diluted) | $1.99 | $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 | $197.0M | $233.0M | ||
| Q3 25 | $185.9M | $277.0M | ||
| Q2 25 | $186.9M | $263.6M | ||
| Q1 25 | $181.9M | $230.5M | ||
| Q4 24 | $176.4M | $193.6M | ||
| Q3 24 | $167.7M | $227.9M | ||
| Q2 24 | $171.4M | $226.2M | ||
| Q1 24 | $171.8M | $210.9M |
| Q4 25 | $13.2M | $10.3M | ||
| Q3 25 | $11.5M | $40.7M | ||
| Q2 25 | $12.1M | $40.9M | ||
| Q1 25 | $18.0M | $35.1M | ||
| Q4 24 | $15.0M | $26.9M | ||
| Q3 24 | $11.4M | $36.1M | ||
| Q2 24 | $6.5M | $38.6M | ||
| Q1 24 | $13.7M | $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 | 10.5% | 7.4% | ||
| Q3 25 | 9.3% | 20.5% | ||
| Q2 25 | 10.6% | 20.8% | ||
| Q1 25 | 14.0% | 19.5% | ||
| Q4 24 | 12.2% | 15.3% | ||
| Q3 24 | 11.0% | 22.6% | ||
| Q2 24 | 6.6% | 24.3% | ||
| Q1 24 | 11.4% | 21.0% |
| Q4 25 | 6.7% | 4.4% | ||
| Q3 25 | 6.2% | 14.7% | ||
| Q2 25 | 6.5% | 15.5% | ||
| Q1 25 | 9.9% | 15.2% | ||
| Q4 24 | 8.5% | 13.9% | ||
| Q3 24 | 6.8% | 15.8% | ||
| Q2 24 | 3.8% | 17.1% | ||
| Q1 24 | 8.0% | 15.1% |
| Q4 25 | $1.99 | $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 | $18.2M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $213.6M | $1.1B |
| Total Assets | $628.9M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $40.2M | ||
| Q3 25 | $22.5M | $31.5M | ||
| Q2 25 | $19.4M | $38.0M | ||
| Q1 25 | $25.6M | $225.8M | ||
| Q4 24 | $26.7M | $213.8M | ||
| Q3 24 | $24.5M | $273.2M | ||
| Q2 24 | $24.6M | $18.9M | ||
| Q1 24 | $37.1M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $213.6M | $1.1B | ||
| Q3 25 | $201.7M | $1.1B | ||
| Q2 25 | $197.0M | $1.1B | ||
| Q1 25 | $227.3M | $1.1B | ||
| Q4 24 | $212.1M | $1.0B | ||
| Q3 24 | $204.5M | $1.0B | ||
| Q2 24 | $191.7M | $650.2M | ||
| Q1 24 | $211.8M | $615.7M |
| Q4 25 | $628.9M | $2.3B | ||
| Q3 25 | $629.0M | $1.5B | ||
| Q2 25 | $606.8M | $1.5B | ||
| Q1 25 | $590.4M | $1.4B | ||
| Q4 24 | $571.4M | $1.4B | ||
| Q3 24 | $582.3M | $1.4B | ||
| Q2 24 | $546.0M | $1.1B | ||
| Q1 24 | $552.5M | $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 | $22.4M | $28.9M |
| Free Cash FlowOCF − Capex | — | $22.7M |
| FCF MarginFCF / Revenue | — | 9.8% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 1.70× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $28.9M | ||
| Q3 25 | $36.5M | $61.8M | ||
| Q2 25 | $5.9M | $60.6M | ||
| Q1 25 | $-80.0M | $27.3M | ||
| Q4 24 | $79.4M | $11.6M | ||
| Q3 24 | $31.6M | $66.8M | ||
| Q2 24 | $1.8M | $62.7M | ||
| Q1 24 | $-63.1M | $22.4M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | $35.9M | $58.7M | ||
| Q2 25 | $4.7M | $57.7M | ||
| Q1 25 | $-81.0M | $22.8M | ||
| Q4 24 | $68.8M | $8.5M | ||
| Q3 24 | $28.6M | $61.3M | ||
| Q2 24 | $-509.0K | $59.6M | ||
| Q1 24 | $-63.8M | $17.5M |
| Q4 25 | — | 9.8% | ||
| Q3 25 | 19.3% | 21.2% | ||
| Q2 25 | 2.5% | 21.9% | ||
| Q1 25 | -44.5% | 9.9% | ||
| Q4 24 | 39.0% | 4.4% | ||
| Q3 24 | 17.0% | 26.9% | ||
| Q2 24 | -0.3% | 26.3% | ||
| Q1 24 | -37.1% | 8.3% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | 6.0% | 1.6% | ||
| Q3 24 | 1.8% | 2.4% | ||
| Q2 24 | 1.4% | 1.4% | ||
| Q1 24 | 0.4% | 2.3% |
| Q4 25 | 1.70× | 2.81× | ||
| Q3 25 | 3.19× | 1.52× | ||
| Q2 25 | 0.48× | 1.48× | ||
| Q1 25 | -4.44× | 0.78× | ||
| Q4 24 | 5.30× | 0.43× | ||
| Q3 24 | 2.76× | 1.85× | ||
| Q2 24 | 0.28× | 1.62× | ||
| Q1 24 | -4.61× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
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% |
