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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $154.8M, roughly 1.5× Commercial Vehicle Group, Inc.). On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -5.2%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $8.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -10.8%).
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
CSW vs CVGI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $154.8M |
| Net Profit | $10.3M | — |
| Gross Margin | 39.7% | 9.7% |
| Operating Margin | 7.4% | -1.2% |
| Net Margin | 4.4% | — |
| Revenue YoY | 20.3% | -5.2% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $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 | $233.0M | $154.8M | ||
| Q3 25 | $277.0M | $152.5M | ||
| Q2 25 | $263.6M | $172.0M | ||
| Q1 25 | $230.5M | $169.8M | ||
| Q4 24 | $193.6M | $163.3M | ||
| Q3 24 | $227.9M | $171.8M | ||
| Q2 24 | $226.2M | $193.7M | ||
| Q1 24 | $210.9M | $194.6M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-7.1M | ||
| Q2 25 | $40.9M | $-4.8M | ||
| Q1 25 | $35.1M | $-4.3M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $9.5M | ||
| Q2 24 | $38.6M | $-1.6M | ||
| Q1 24 | $31.8M | $2.9M |
| Q4 25 | 39.7% | 9.7% | ||
| Q3 25 | 43.0% | 10.5% | ||
| Q2 25 | 43.8% | 11.4% | ||
| Q1 25 | 44.2% | 10.5% | ||
| Q4 24 | 41.4% | 8.0% | ||
| Q3 24 | 45.6% | 9.6% | ||
| Q2 24 | 47.5% | 10.6% | ||
| Q1 24 | 44.4% | 11.9% |
| Q4 25 | 7.4% | -1.2% | ||
| Q3 25 | 20.5% | -0.7% | ||
| Q2 25 | 20.8% | 0.5% | ||
| Q1 25 | 19.5% | 0.8% | ||
| Q4 24 | 15.3% | -3.2% | ||
| Q3 24 | 22.6% | -0.6% | ||
| Q2 24 | 24.3% | 0.5% | ||
| Q1 24 | 21.0% | 2.3% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -4.6% | ||
| Q2 25 | 15.5% | -2.8% | ||
| Q1 25 | 15.2% | -2.5% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 5.5% | ||
| Q2 24 | 17.1% | -0.8% | ||
| Q1 24 | 15.1% | 1.5% |
| Q4 25 | $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 | $-0.05 | ||
| Q1 24 | $2.03 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | — |
| Total DebtLower is stronger | — | $104.9M |
| Stockholders' EquityBook value | $1.1B | $133.4M |
| Total Assets | $2.3B | $391.7M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $22.2M | — |
| Q4 25 | — | $104.9M | ||
| Q3 25 | — | $108.2M | ||
| Q2 25 | — | $118.2M | ||
| Q1 25 | $800.1M | $117.4M | ||
| Q4 24 | — | $135.5M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | $166.0M | $155.7M |
| Q4 25 | $1.1B | $133.4M | ||
| Q3 25 | $1.1B | $136.5M | ||
| Q2 25 | $1.1B | $142.6M | ||
| Q1 25 | $1.1B | $136.7M | ||
| Q4 24 | $1.0B | $135.6M | ||
| Q3 24 | $1.0B | $179.3M | ||
| Q2 24 | $650.2M | $169.6M | ||
| Q1 24 | $615.7M | $175.5M |
| Q4 25 | $2.3B | $391.7M | ||
| Q3 25 | $1.5B | $400.3M | ||
| Q2 25 | $1.5B | $429.8M | ||
| Q1 25 | $1.4B | $419.8M | ||
| Q4 24 | $1.4B | $424.6M | ||
| Q3 24 | $1.4B | $495.3M | ||
| Q2 24 | $1.1B | $503.2M | ||
| Q1 24 | $1.0B | $509.2M |
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | 0.75× | 0.86× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | 0.27× | 0.89× |
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 | $28.9M | $12.3M |
| Free Cash FlowOCF − Capex | $22.7M | $8.7M |
| FCF MarginFCF / Revenue | 9.8% | 5.6% |
| Capex IntensityCapex / Revenue | 2.6% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $12.3M | ||
| Q3 25 | $61.8M | $-1.7M | ||
| Q2 25 | $60.6M | $18.9M | ||
| Q1 25 | $27.3M | $15.2M | ||
| Q4 24 | $11.6M | $-26.6M | ||
| Q3 24 | $66.8M | $-17.1M | ||
| Q2 24 | $62.7M | $12.6M | ||
| Q1 24 | $22.4M | $-2.4M |
| Q4 25 | $22.7M | $8.7M | ||
| Q3 25 | $58.7M | $-3.5M | ||
| Q2 25 | $57.7M | $17.4M | ||
| Q1 25 | $22.8M | $11.4M | ||
| Q4 24 | $8.5M | $-30.6M | ||
| Q3 24 | $61.3M | $-20.3M | ||
| Q2 24 | $59.6M | $6.4M | ||
| Q1 24 | $17.5M | $-7.4M |
| Q4 25 | 9.8% | 5.6% | ||
| Q3 25 | 21.2% | -2.3% | ||
| Q2 25 | 21.9% | 10.1% | ||
| Q1 25 | 9.9% | 6.7% | ||
| Q4 24 | 4.4% | -18.7% | ||
| Q3 24 | 26.9% | -11.8% | ||
| Q2 24 | 26.3% | 3.3% | ||
| Q1 24 | 8.3% | -3.8% |
| Q4 25 | 2.6% | 2.3% | ||
| Q3 25 | 1.1% | 1.2% | ||
| Q2 25 | 1.1% | 0.9% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 1.6% | 2.4% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 1.4% | 3.2% | ||
| Q1 24 | 2.3% | 2.6% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | -1.79× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | -0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
