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Side-by-side financial comparison of Cricut, Inc. (CRCT) 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 $203.6M, roughly 1.1× Cricut, Inc.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 3.8%, a 0.6% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -2.7%). Over the past eight quarters, Cricut, Inc.'s revenue compounded faster (10.3% CAGR vs 5.1%).
Cricut, Inc. is an American brand of cutting plotters, or computer-controlled cutting machines, designed for home crafters. The machines are used for cutting paper, felt, vinyl, fabric and other materials such as leather, matboard, and wood.
CRCT vs CSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $203.6M | $233.0M |
| Net Profit | $7.8M | $10.3M |
| Gross Margin | 47.4% | 39.7% |
| Operating Margin | 6.8% | 7.4% |
| Net Margin | 3.8% | 4.4% |
| Revenue YoY | -2.7% | 20.3% |
| Net Profit YoY | -34.7% | -61.9% |
| EPS (diluted) | $0.03 | $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 | $203.6M | $233.0M | ||
| Q3 25 | $170.4M | $277.0M | ||
| Q2 25 | $172.1M | $263.6M | ||
| Q1 25 | $162.6M | $230.5M | ||
| Q4 24 | $209.3M | $193.6M | ||
| Q3 24 | $167.9M | $227.9M | ||
| Q2 24 | $167.9M | $226.2M | ||
| Q1 24 | $167.4M | $210.9M |
| Q4 25 | $7.8M | $10.3M | ||
| Q3 25 | $20.5M | $40.7M | ||
| Q2 25 | $24.5M | $40.9M | ||
| Q1 25 | $23.9M | $35.1M | ||
| Q4 24 | $11.9M | $26.9M | ||
| Q3 24 | $11.5M | $36.1M | ||
| Q2 24 | $19.8M | $38.6M | ||
| Q1 24 | $19.6M | $31.8M |
| Q4 25 | 47.4% | 39.7% | ||
| Q3 25 | 55.2% | 43.0% | ||
| Q2 25 | 59.0% | 43.8% | ||
| Q1 25 | 60.5% | 44.2% | ||
| Q4 24 | 44.9% | 41.4% | ||
| Q3 24 | 46.1% | 45.6% | ||
| Q2 24 | 53.5% | 47.5% | ||
| Q1 24 | 54.7% | 44.4% |
| Q4 25 | 6.8% | 7.4% | ||
| Q3 25 | 13.3% | 20.5% | ||
| Q2 25 | 17.5% | 20.8% | ||
| Q1 25 | 18.0% | 19.5% | ||
| Q4 24 | 6.6% | 15.3% | ||
| Q3 24 | 6.3% | 22.6% | ||
| Q2 24 | 15.7% | 24.3% | ||
| Q1 24 | 15.1% | 21.0% |
| Q4 25 | 3.8% | 4.4% | ||
| Q3 25 | 12.0% | 14.7% | ||
| Q2 25 | 14.2% | 15.5% | ||
| Q1 25 | 14.7% | 15.2% | ||
| Q4 24 | 5.7% | 13.9% | ||
| Q3 24 | 6.8% | 15.8% | ||
| Q2 24 | 11.8% | 17.1% | ||
| Q1 24 | 11.7% | 15.1% |
| Q4 25 | $0.03 | $0.62 | ||
| Q3 25 | $0.10 | $2.41 | ||
| Q2 25 | $0.11 | $2.43 | ||
| Q1 25 | $0.11 | $2.05 | ||
| Q4 24 | $0.06 | $1.60 | ||
| Q3 24 | $0.05 | $2.26 | ||
| Q2 24 | $0.09 | $2.47 | ||
| Q1 24 | $0.09 | $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 | $275.6M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $343.6M | $1.1B |
| Total Assets | $580.8M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $275.6M | $40.2M | ||
| Q3 25 | $207.1M | $31.5M | ||
| Q2 25 | $376.9M | $38.0M | ||
| Q1 25 | $356.7M | $225.8M | ||
| Q4 24 | $336.9M | $213.8M | ||
| Q3 24 | $246.9M | $273.2M | ||
| Q2 24 | $299.5M | $18.9M | ||
| Q1 24 | $281.7M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $343.6M | $1.1B | ||
| Q3 25 | $358.4M | $1.1B | ||
| Q2 25 | $308.9M | $1.1B | ||
| Q1 25 | $490.2M | $1.1B | ||
| Q4 24 | $466.8M | $1.0B | ||
| Q3 24 | $475.8M | $1.0B | ||
| Q2 24 | $448.5M | $650.2M | ||
| Q1 24 | $552.6M | $615.7M |
| Q4 25 | $580.8M | $2.3B | ||
| Q3 25 | $564.3M | $1.5B | ||
| Q2 25 | $721.5M | $1.5B | ||
| Q1 25 | $681.7M | $1.4B | ||
| Q4 24 | $693.0M | $1.4B | ||
| Q3 24 | $663.8M | $1.4B | ||
| Q2 24 | $742.1M | $1.1B | ||
| Q1 24 | $723.7M | $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 | $82.4M | $28.9M |
| Free Cash FlowOCF − Capex | — | $22.7M |
| FCF MarginFCF / Revenue | — | 9.8% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 10.58× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.4M | $28.9M | ||
| Q3 25 | $20.5M | $61.8M | ||
| Q2 25 | $36.2M | $60.6M | ||
| Q1 25 | $61.2M | $27.3M | ||
| Q4 24 | $103.1M | $11.6M | ||
| Q3 24 | $70.2M | $66.8M | ||
| Q2 24 | $35.0M | $62.7M | ||
| Q1 24 | $56.7M | $22.4M |
| 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 24 | — | $17.5M |
| 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 24 | — | 8.3% |
| 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 24 | — | 2.3% |
| Q4 25 | 10.58× | 2.81× | ||
| Q3 25 | 1.00× | 1.52× | ||
| Q2 25 | 1.48× | 1.48× | ||
| Q1 25 | 2.56× | 0.78× | ||
| Q4 24 | 8.64× | 0.43× | ||
| Q3 24 | 6.11× | 1.85× | ||
| Q2 24 | 1.77× | 1.62× | ||
| Q1 24 | 2.89× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCT
| Platform | $83.9M | 41% |
| Connected Machines | $65.2M | 32% |
| Accessories And Materials | $54.4M | 27% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
