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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($282.9M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). Duolingo, Inc. runs the higher net margin — 14.8% vs 4.4%, a 10.4% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 20.3%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $22.7M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 5.1%).
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
CSW vs DUOL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $282.9M |
| Net Profit | $10.3M | $42.0M |
| Gross Margin | 39.7% | 72.8% |
| Operating Margin | 7.4% | 15.4% |
| Net Margin | 4.4% | 14.8% |
| Revenue YoY | 20.3% | 35.0% |
| Net Profit YoY | -61.9% | 201.7% |
| EPS (diluted) | $0.62 | $0.99 |
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 | $282.9M | ||
| Q3 25 | $277.0M | $271.7M | ||
| Q2 25 | $263.6M | $252.3M | ||
| Q1 25 | $230.5M | $230.7M | ||
| Q4 24 | $193.6M | $209.6M | ||
| Q3 24 | $227.9M | $192.6M | ||
| Q2 24 | $226.2M | $178.3M | ||
| Q1 24 | $210.9M | $167.6M |
| Q4 25 | $10.3M | $42.0M | ||
| Q3 25 | $40.7M | $292.2M | ||
| Q2 25 | $40.9M | $44.8M | ||
| Q1 25 | $35.1M | $35.1M | ||
| Q4 24 | $26.9M | $13.9M | ||
| Q3 24 | $36.1M | $23.4M | ||
| Q2 24 | $38.6M | $24.4M | ||
| Q1 24 | $31.8M | $27.0M |
| Q4 25 | 39.7% | 72.8% | ||
| Q3 25 | 43.0% | 72.5% | ||
| Q2 25 | 43.8% | 72.4% | ||
| Q1 25 | 44.2% | 71.1% | ||
| Q4 24 | 41.4% | 71.9% | ||
| Q3 24 | 45.6% | 72.9% | ||
| Q2 24 | 47.5% | 73.4% | ||
| Q1 24 | 44.4% | 73.0% |
| Q4 25 | 7.4% | 15.4% | ||
| Q3 25 | 20.5% | 12.9% | ||
| Q2 25 | 20.8% | 13.2% | ||
| Q1 25 | 19.5% | 10.2% | ||
| Q4 24 | 15.3% | 6.6% | ||
| Q3 24 | 22.6% | 7.0% | ||
| Q2 24 | 24.3% | 10.5% | ||
| Q1 24 | 21.0% | 9.8% |
| Q4 25 | 4.4% | 14.8% | ||
| Q3 25 | 14.7% | 107.5% | ||
| Q2 25 | 15.5% | 17.8% | ||
| Q1 25 | 15.2% | 15.2% | ||
| Q4 24 | 13.9% | 6.6% | ||
| Q3 24 | 15.8% | 12.1% | ||
| Q2 24 | 17.1% | 13.7% | ||
| Q1 24 | 15.1% | 16.1% |
| Q4 25 | $0.62 | $0.99 | ||
| Q3 25 | $2.41 | $5.95 | ||
| Q2 25 | $2.43 | $0.91 | ||
| Q1 25 | $2.05 | $0.72 | ||
| Q4 24 | $1.60 | $0.31 | ||
| Q3 24 | $2.26 | $0.49 | ||
| Q2 24 | $2.47 | $0.51 | ||
| Q1 24 | $2.03 | $0.57 |
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 | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.3B |
| Total Assets | $2.3B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $1.0B | ||
| Q3 25 | $31.5M | $1.0B | ||
| Q2 25 | $38.0M | $976.2M | ||
| Q1 25 | $225.8M | $884.0M | ||
| Q4 24 | $213.8M | $785.8M | ||
| Q3 24 | $273.2M | $854.4M | ||
| Q2 24 | $18.9M | $888.2M | ||
| Q1 24 | $22.2M | $829.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $977.0M | ||
| Q1 25 | $1.1B | $893.8M | ||
| Q4 24 | $1.0B | $824.5M | ||
| Q3 24 | $1.0B | $822.5M | ||
| Q2 24 | $650.2M | $766.9M | ||
| Q1 24 | $615.7M | $711.1M |
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| 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 | $28.9M | $107.3M |
| Free Cash FlowOCF − Capex | $22.7M | $96.6M |
| FCF MarginFCF / Revenue | 9.8% | 34.1% |
| Capex IntensityCapex / Revenue | 2.6% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $107.3M | ||
| Q3 25 | $61.8M | $84.2M | ||
| Q2 25 | $60.6M | $90.7M | ||
| Q1 25 | $27.3M | $105.6M | ||
| Q4 24 | $11.6M | $83.3M | ||
| Q3 24 | $66.8M | $56.3M | ||
| Q2 24 | $62.7M | $62.4M | ||
| Q1 24 | $22.4M | $83.5M |
| Q4 25 | $22.7M | $96.6M | ||
| Q3 25 | $58.7M | $79.4M | ||
| Q2 25 | $57.7M | $89.5M | ||
| Q1 25 | $22.8M | $104.3M | ||
| Q4 24 | $8.5M | $81.4M | ||
| Q3 24 | $61.3M | $53.1M | ||
| Q2 24 | $59.6M | $56.8M | ||
| Q1 24 | $17.5M | $82.1M |
| Q4 25 | 9.8% | 34.1% | ||
| Q3 25 | 21.2% | 29.2% | ||
| Q2 25 | 21.9% | 35.5% | ||
| Q1 25 | 9.9% | 45.2% | ||
| Q4 24 | 4.4% | 38.8% | ||
| Q3 24 | 26.9% | 27.6% | ||
| Q2 24 | 26.3% | 31.9% | ||
| Q1 24 | 8.3% | 49.0% |
| Q4 25 | 2.6% | 3.8% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.0% | 0.6% | ||
| Q4 24 | 1.6% | 0.9% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 1.4% | 3.1% | ||
| Q1 24 | 2.3% | 0.8% |
| Q4 25 | 2.81× | 2.56× | ||
| Q3 25 | 1.52× | 0.29× | ||
| Q2 25 | 1.48× | 2.02× | ||
| Q1 25 | 0.78× | 3.01× | ||
| Q4 24 | 0.43× | 5.99× | ||
| Q3 24 | 1.85× | 2.41× | ||
| Q2 24 | 1.62× | 2.56× | ||
| Q1 24 | 0.71× | 3.10× |
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% |
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
