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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.
FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $233.0M, roughly 1.3× CSW INDUSTRIALS, INC.). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 4.4%, a 30.4% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 19.8%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs 5.1%).
First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.
CSW vs FIBK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $313.0M |
| Net Profit | $10.3M | $108.8M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 44.5% |
| Net Margin | 4.4% | 34.8% |
| Revenue YoY | 20.3% | 19.8% |
| Net Profit YoY | -61.9% | 108.8% |
| EPS (diluted) | $0.62 | $1.07 |
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 | $313.0M | ||
| Q3 25 | $277.0M | $250.5M | ||
| Q2 25 | $263.6M | $248.3M | ||
| Q1 25 | $230.5M | $247.0M | ||
| Q4 24 | $193.6M | $261.3M | ||
| Q3 24 | $227.9M | $251.9M | ||
| Q2 24 | $226.2M | $244.3M | ||
| Q1 24 | $210.9M | $242.2M |
| Q4 25 | $10.3M | $108.8M | ||
| Q3 25 | $40.7M | $71.4M | ||
| Q2 25 | $40.9M | $71.7M | ||
| Q1 25 | $35.1M | $50.2M | ||
| Q4 24 | $26.9M | $52.1M | ||
| Q3 24 | $36.1M | $55.5M | ||
| Q2 24 | $38.6M | $60.0M | ||
| Q1 24 | $31.8M | $58.4M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | 44.5% | ||
| Q3 25 | 20.5% | 37.0% | ||
| Q2 25 | 20.8% | 37.7% | ||
| Q1 25 | 19.5% | 26.9% | ||
| Q4 24 | 15.3% | 25.5% | ||
| Q3 24 | 22.6% | 28.9% | ||
| Q2 24 | 24.3% | 32.1% | ||
| Q1 24 | 21.0% | 31.7% |
| Q4 25 | 4.4% | 34.8% | ||
| Q3 25 | 14.7% | 28.5% | ||
| Q2 25 | 15.5% | 28.9% | ||
| Q1 25 | 15.2% | 20.3% | ||
| Q4 24 | 13.9% | 19.9% | ||
| Q3 24 | 15.8% | 22.0% | ||
| Q2 24 | 17.1% | 24.6% | ||
| Q1 24 | 15.1% | 24.1% |
| Q4 25 | $0.62 | $1.07 | ||
| Q3 25 | $2.41 | $0.69 | ||
| Q2 25 | $2.43 | $0.69 | ||
| Q1 25 | $2.05 | $0.49 | ||
| Q4 24 | $1.60 | $0.50 | ||
| Q3 24 | $2.26 | $0.54 | ||
| Q2 24 | $2.47 | $0.58 | ||
| 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 | — |
| Total DebtLower is stronger | — | $146.3M |
| Stockholders' EquityBook value | $1.1B | $3.4B |
| Total Assets | $2.3B | $26.6B |
| Debt / EquityLower = less leverage | — | 0.04× |
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 | — | $146.3M | ||
| Q3 25 | — | $146.2M | ||
| Q2 25 | — | $252.0M | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $132.2M | ||
| Q3 24 | — | $137.3M | ||
| Q2 24 | — | $383.4M | ||
| Q1 24 | $166.0M | $370.8M |
| Q4 25 | $1.1B | $3.4B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $1.1B | $3.4B | ||
| Q1 25 | $1.1B | $3.4B | ||
| Q4 24 | $1.0B | $3.3B | ||
| Q3 24 | $1.0B | $3.4B | ||
| Q2 24 | $650.2M | $3.2B | ||
| Q1 24 | $615.7M | $3.2B |
| Q4 25 | $2.3B | $26.6B | ||
| Q3 25 | $1.5B | $27.3B | ||
| Q2 25 | $1.5B | $27.6B | ||
| Q1 25 | $1.4B | $28.3B | ||
| Q4 24 | $1.4B | $29.1B | ||
| Q3 24 | $1.4B | $29.6B | ||
| Q2 24 | $1.1B | $30.3B | ||
| Q1 24 | $1.0B | $30.1B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | 0.27× | 0.12× |
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 | $305.6M |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $305.6M | ||
| Q3 25 | $61.8M | $91.7M | ||
| Q2 25 | $60.6M | $68.1M | ||
| Q1 25 | $27.3M | $78.5M | ||
| Q4 24 | $11.6M | $355.0M | ||
| Q3 24 | $66.8M | $89.9M | ||
| Q2 24 | $62.7M | $82.3M | ||
| Q1 24 | $22.4M | $87.6M |
| 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 | 2.81× | 2.81× | ||
| Q3 25 | 1.52× | 1.28× | ||
| Q2 25 | 1.48× | 0.95× | ||
| Q1 25 | 0.78× | 1.56× | ||
| Q4 24 | 0.43× | 6.81× | ||
| Q3 24 | 1.85× | 1.62× | ||
| Q2 24 | 1.62× | 1.37× | ||
| Q1 24 | 0.71× | 1.50× |
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% |
FIBK
Segment breakdown not available.
