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Side-by-side financial comparison of Credo Technology Group Holding Ltd (CRDO) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
Credo Technology Group Holding Ltd is the larger business by last-quarter revenue ($268.0M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). Credo Technology Group Holding Ltd runs the higher net margin — 30.8% vs 4.4%, a 26.4% gap on every dollar of revenue. On growth, Credo Technology Group Holding Ltd posted the faster year-over-year revenue change (272.1% vs 20.3%). Credo Technology Group Holding Ltd produced more free cash flow last quarter ($38.5M vs $22.7M). Over the past eight quarters, Credo Technology Group Holding Ltd's revenue compounded faster (124.8% CAGR vs 5.1%).
Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.
CRDO vs CSW — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $268.0M | $233.0M |
| Net Profit | $82.6M | $10.3M |
| Gross Margin | 67.5% | 39.7% |
| Operating Margin | 29.4% | 7.4% |
| Net Margin | 30.8% | 4.4% |
| Revenue YoY | 272.1% | 20.3% |
| Net Profit YoY | 2055.9% | -61.9% |
| EPS (diluted) | $0.44 | $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 | $268.0M | $233.0M | ||
| Q3 25 | $223.1M | $277.0M | ||
| Q2 25 | $170.0M | $263.6M | ||
| Q1 25 | $135.0M | $230.5M | ||
| Q4 24 | $72.0M | $193.6M | ||
| Q3 24 | $59.7M | $227.9M | ||
| Q2 24 | $60.8M | $226.2M | ||
| Q1 24 | $53.1M | $210.9M |
| Q4 25 | $82.6M | $10.3M | ||
| Q3 25 | $63.4M | $40.7M | ||
| Q2 25 | $36.6M | $40.9M | ||
| Q1 25 | $29.4M | $35.1M | ||
| Q4 24 | $-4.2M | $26.9M | ||
| Q3 24 | $-9.5M | $36.1M | ||
| Q2 24 | $-10.5M | $38.6M | ||
| Q1 24 | $428.0K | $31.8M |
| Q4 25 | 67.5% | 39.7% | ||
| Q3 25 | 67.4% | 43.0% | ||
| Q2 25 | 67.2% | 43.8% | ||
| Q1 25 | 63.6% | 44.2% | ||
| Q4 24 | 63.2% | 41.4% | ||
| Q3 24 | 62.4% | 45.6% | ||
| Q2 24 | 65.8% | 47.5% | ||
| Q1 24 | 61.4% | 44.4% |
| Q4 25 | 29.4% | 7.4% | ||
| Q3 25 | 27.2% | 20.5% | ||
| Q2 25 | 19.9% | 20.8% | ||
| Q1 25 | 19.4% | 19.5% | ||
| Q4 24 | -11.7% | 15.3% | ||
| Q3 24 | -24.2% | 22.6% | ||
| Q2 24 | -13.0% | 24.3% | ||
| Q1 24 | -11.1% | 21.0% |
| Q4 25 | 30.8% | 4.4% | ||
| Q3 25 | 28.4% | 14.7% | ||
| Q2 25 | 21.5% | 15.5% | ||
| Q1 25 | 21.7% | 15.2% | ||
| Q4 24 | -5.9% | 13.9% | ||
| Q3 24 | -16.0% | 15.8% | ||
| Q2 24 | -17.2% | 17.1% | ||
| Q1 24 | 0.8% | 15.1% |
| Q4 25 | $0.44 | $0.62 | ||
| Q3 25 | $0.34 | $2.41 | ||
| Q2 25 | $0.22 | $2.43 | ||
| Q1 25 | $0.16 | $2.05 | ||
| Q4 24 | $-0.03 | $1.60 | ||
| Q3 24 | $-0.06 | $2.26 | ||
| Q2 24 | $-0.06 | $2.47 | ||
| Q1 24 | $0.00 | $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 | $813.6M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $1.1B |
| Total Assets | $1.4B | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.6M | $40.2M | ||
| Q3 25 | $479.6M | $31.5M | ||
| Q2 25 | $431.3M | $38.0M | ||
| Q1 25 | $379.2M | $225.8M | ||
| Q4 24 | $383.0M | $213.8M | ||
| Q3 24 | $398.6M | $273.2M | ||
| Q2 24 | $410.0M | $18.9M | ||
| Q1 24 | $409.1M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $781.4M | $1.1B | ||
| Q2 25 | $681.6M | $1.1B | ||
| Q1 25 | $618.2M | $1.1B | ||
| Q4 24 | $567.9M | $1.0B | ||
| Q3 24 | $553.1M | $1.0B | ||
| Q2 24 | $540.2M | $650.2M | ||
| Q1 24 | $534.0M | $615.7M |
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $905.2M | $1.5B | ||
| Q2 25 | $809.3M | $1.5B | ||
| Q1 25 | $719.9M | $1.4B | ||
| Q4 24 | $638.6M | $1.4B | ||
| Q3 24 | $644.9M | $1.4B | ||
| Q2 24 | $601.9M | $1.1B | ||
| Q1 24 | $592.5M | $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 | $61.7M | $28.9M |
| Free Cash FlowOCF − Capex | $38.5M | $22.7M |
| FCF MarginFCF / Revenue | 14.4% | 9.8% |
| Capex IntensityCapex / Revenue | 8.7% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.75× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $143.6M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.7M | $28.9M | ||
| Q3 25 | $54.2M | $61.8M | ||
| Q2 25 | $57.8M | $60.6M | ||
| Q1 25 | $4.2M | $27.3M | ||
| Q4 24 | $10.3M | $11.6M | ||
| Q3 24 | $-7.2M | $66.8M | ||
| Q2 24 | $4.2M | $62.7M | ||
| Q1 24 | $-1.0M | $22.4M |
| Q4 25 | $38.5M | $22.7M | ||
| Q3 25 | $51.3M | $58.7M | ||
| Q2 25 | $54.2M | $57.7M | ||
| Q1 25 | $-383.0K | $22.8M | ||
| Q4 24 | $-11.7M | $8.5M | ||
| Q3 24 | $-13.1M | $61.3M | ||
| Q2 24 | $962.0K | $59.6M | ||
| Q1 24 | $-6.1M | $17.5M |
| Q4 25 | 14.4% | 9.8% | ||
| Q3 25 | 23.0% | 21.2% | ||
| Q2 25 | 31.9% | 21.9% | ||
| Q1 25 | -0.3% | 9.9% | ||
| Q4 24 | -16.2% | 4.4% | ||
| Q3 24 | -21.9% | 26.9% | ||
| Q2 24 | 1.6% | 26.3% | ||
| Q1 24 | -11.6% | 8.3% |
| Q4 25 | 8.7% | 2.6% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 3.4% | 2.0% | ||
| Q4 24 | 30.5% | 1.6% | ||
| Q3 24 | 9.8% | 2.4% | ||
| Q2 24 | 5.3% | 1.4% | ||
| Q1 24 | 9.6% | 2.3% |
| Q4 25 | 0.75× | 2.81× | ||
| Q3 25 | 0.85× | 1.52× | ||
| Q2 25 | 1.58× | 1.48× | ||
| Q1 25 | 0.14× | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | -2.42× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRDO
| Other | $132.1M | 49% |
| HK | $104.4M | 39% |
| RESTOFTHEWORLD | $31.5M | 12% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
