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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and DIODES INC (DIOD). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 2.6%, a 1.8% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 15.4%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 5.1%).
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
CSW vs DIOD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $391.6M |
| Net Profit | $10.3M | $10.2M |
| Gross Margin | 39.7% | 31.1% |
| Operating Margin | 7.4% | 3.4% |
| Net Margin | 4.4% | 2.6% |
| Revenue YoY | 20.3% | 15.4% |
| Net Profit YoY | -61.9% | 23.8% |
| EPS (diluted) | $0.62 | $0.23 |
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 | $391.6M | ||
| Q3 25 | $277.0M | $392.2M | ||
| Q2 25 | $263.6M | $366.2M | ||
| Q1 25 | $230.5M | $332.1M | ||
| Q4 24 | $193.6M | $339.3M | ||
| Q3 24 | $227.9M | $350.1M | ||
| Q2 24 | $226.2M | $319.8M | ||
| Q1 24 | $210.9M | $302.0M |
| Q4 25 | $10.3M | $10.2M | ||
| Q3 25 | $40.7M | $14.3M | ||
| Q2 25 | $40.9M | $46.1M | ||
| Q1 25 | $35.1M | $-4.4M | ||
| Q4 24 | $26.9M | $8.2M | ||
| Q3 24 | $36.1M | $13.7M | ||
| Q2 24 | $38.6M | $8.0M | ||
| Q1 24 | $31.8M | $14.0M |
| Q4 25 | 39.7% | 31.1% | ||
| Q3 25 | 43.0% | 30.7% | ||
| Q2 25 | 43.8% | 31.5% | ||
| Q1 25 | 44.2% | 31.5% | ||
| Q4 24 | 41.4% | 32.7% | ||
| Q3 24 | 45.6% | 33.7% | ||
| Q2 24 | 47.5% | 33.6% | ||
| Q1 24 | 44.4% | 33.0% |
| Q4 25 | 7.4% | 3.4% | ||
| Q3 25 | 20.5% | 3.0% | ||
| Q2 25 | 20.8% | 2.6% | ||
| Q1 25 | 19.5% | 0.4% | ||
| Q4 24 | 15.3% | 3.5% | ||
| Q3 24 | 22.6% | 6.2% | ||
| Q2 24 | 24.3% | 1.2% | ||
| Q1 24 | 21.0% | 4.3% |
| Q4 25 | 4.4% | 2.6% | ||
| Q3 25 | 14.7% | 3.6% | ||
| Q2 25 | 15.5% | 12.6% | ||
| Q1 25 | 15.2% | -1.3% | ||
| Q4 24 | 13.9% | 2.4% | ||
| Q3 24 | 15.8% | 3.9% | ||
| Q2 24 | 17.1% | 2.5% | ||
| Q1 24 | 15.1% | 4.6% |
| Q4 25 | $0.62 | $0.23 | ||
| Q3 25 | $2.41 | $0.31 | ||
| Q2 25 | $2.43 | $0.99 | ||
| Q1 25 | $2.05 | $-0.10 | ||
| Q4 24 | $1.60 | $0.18 | ||
| Q3 24 | $2.26 | $0.30 | ||
| Q2 24 | $2.47 | $0.17 | ||
| Q1 24 | $2.03 | $0.30 |
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 | $377.0M |
| Total DebtLower is stronger | — | $25.7M |
| Stockholders' EquityBook value | $1.1B | $1.9B |
| Total Assets | $2.3B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $377.0M | ||
| Q3 25 | $31.5M | $386.4M | ||
| Q2 25 | $38.0M | $327.3M | ||
| Q1 25 | $225.8M | $343.9M | ||
| Q4 24 | $213.8M | $316.1M | ||
| Q3 24 | $273.2M | $319.3M | ||
| Q2 24 | $18.9M | $273.9M | ||
| Q1 24 | $22.2M | $276.0M |
| Q4 25 | — | $25.7M | ||
| Q3 25 | — | $24.9M | ||
| Q2 25 | — | $26.4M | ||
| Q1 25 | $800.1M | $20.5M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $20.3M | ||
| Q1 24 | $166.0M | $20.9M |
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $650.2M | $1.8B | ||
| Q1 24 | $615.7M | $1.7B |
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.1B | $2.4B | ||
| Q1 24 | $1.0B | $2.4B |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | 0.75× | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | 0.27× | 0.01× |
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 | $38.1M |
| Free Cash FlowOCF − Capex | $22.7M | $12.4M |
| FCF MarginFCF / Revenue | 9.8% | 3.2% |
| Capex IntensityCapex / Revenue | 2.6% | 6.6% |
| Cash ConversionOCF / Net Profit | 2.81× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $137.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $38.1M | ||
| Q3 25 | $61.8M | $79.1M | ||
| Q2 25 | $60.6M | $41.5M | ||
| Q1 25 | $27.3M | $56.7M | ||
| Q4 24 | $11.6M | $81.8M | ||
| Q3 24 | $66.8M | $54.4M | ||
| Q2 24 | $62.7M | $14.4M | ||
| Q1 24 | $22.4M | $-31.1M |
| Q4 25 | $22.7M | $12.4M | ||
| Q3 25 | $58.7M | $62.8M | ||
| Q2 25 | $57.7M | $21.1M | ||
| Q1 25 | $22.8M | $40.8M | ||
| Q4 24 | $8.5M | $62.1M | ||
| Q3 24 | $61.3M | $39.4M | ||
| Q2 24 | $59.6M | $-3.5M | ||
| Q1 24 | $17.5M | $-51.5M |
| Q4 25 | 9.8% | 3.2% | ||
| Q3 25 | 21.2% | 16.0% | ||
| Q2 25 | 21.9% | 5.8% | ||
| Q1 25 | 9.9% | 12.3% | ||
| Q4 24 | 4.4% | 18.3% | ||
| Q3 24 | 26.9% | 11.2% | ||
| Q2 24 | 26.3% | -1.1% | ||
| Q1 24 | 8.3% | -17.1% |
| Q4 25 | 2.6% | 6.6% | ||
| Q3 25 | 1.1% | 4.2% | ||
| Q2 25 | 1.1% | 5.6% | ||
| Q1 25 | 2.0% | 4.8% | ||
| Q4 24 | 1.6% | 5.8% | ||
| Q3 24 | 2.4% | 4.3% | ||
| Q2 24 | 1.4% | 5.6% | ||
| Q1 24 | 2.3% | 6.7% |
| Q4 25 | 2.81× | 3.74× | ||
| Q3 25 | 1.52× | 5.54× | ||
| Q2 25 | 1.48× | 0.90× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | 9.93× | ||
| Q3 24 | 1.85× | 3.95× | ||
| Q2 24 | 1.62× | 1.80× | ||
| Q1 24 | 0.71× | -2.22× |
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% |
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
