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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). Forestar Group Inc. runs the higher net margin — 5.6% vs 4.4%, a 1.2% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 9.0%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-157.1M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -9.6%).
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
CSW vs FOR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $273.0M |
| Net Profit | $10.3M | $15.4M |
| Gross Margin | 39.7% | 20.1% |
| Operating Margin | 7.4% | 7.6% |
| Net Margin | 4.4% | 5.6% |
| Revenue YoY | 20.3% | 9.0% |
| Net Profit YoY | -61.9% | -6.7% |
| EPS (diluted) | $0.62 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $277.0M | $670.5M | ||
| Q2 25 | $263.6M | $390.5M | ||
| Q1 25 | $230.5M | $351.0M | ||
| Q4 24 | $193.6M | $250.4M | ||
| Q3 24 | $227.9M | $551.3M | ||
| Q2 24 | $226.2M | $318.4M | ||
| Q1 24 | $210.9M | $333.8M |
| Q4 25 | $10.3M | $15.4M | ||
| Q3 25 | $40.7M | $86.9M | ||
| Q2 25 | $40.9M | $32.9M | ||
| Q1 25 | $35.1M | $31.6M | ||
| Q4 24 | $26.9M | $16.5M | ||
| Q3 24 | $36.1M | $81.5M | ||
| Q2 24 | $38.6M | $38.7M | ||
| Q1 24 | $31.8M | $45.0M |
| Q4 25 | 39.7% | 20.1% | ||
| Q3 25 | 43.0% | 22.3% | ||
| Q2 25 | 43.8% | 20.4% | ||
| Q1 25 | 44.2% | 22.6% | ||
| Q4 24 | 41.4% | 22.0% | ||
| Q3 24 | 45.6% | 23.9% | ||
| Q2 24 | 47.5% | 22.5% | ||
| Q1 24 | 44.4% | 24.9% |
| Q4 25 | 7.4% | 7.6% | ||
| Q3 25 | 20.5% | 16.9% | ||
| Q2 25 | 20.8% | 11.2% | ||
| Q1 25 | 19.5% | 11.6% | ||
| Q4 24 | 15.3% | 8.7% | ||
| Q3 24 | 22.6% | 19.7% | ||
| Q2 24 | 24.3% | 16.2% | ||
| Q1 24 | 21.0% | 17.6% |
| Q4 25 | 4.4% | 5.6% | ||
| Q3 25 | 14.7% | 13.0% | ||
| Q2 25 | 15.5% | 8.4% | ||
| Q1 25 | 15.2% | 9.0% | ||
| Q4 24 | 13.9% | 6.6% | ||
| Q3 24 | 15.8% | 14.8% | ||
| Q2 24 | 17.1% | 12.2% | ||
| Q1 24 | 15.1% | 13.5% |
| Q4 25 | $0.62 | $0.30 | ||
| Q3 25 | $2.41 | $1.70 | ||
| Q2 25 | $2.43 | $0.65 | ||
| Q1 25 | $2.05 | $0.62 | ||
| Q4 24 | $1.60 | $0.32 | ||
| Q3 24 | $2.26 | $1.59 | ||
| Q2 24 | $2.47 | $0.76 | ||
| Q1 24 | $2.03 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $1.1B | $1.8B |
| Total Assets | $2.3B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $211.7M | ||
| Q3 25 | $31.5M | $379.2M | ||
| Q2 25 | $38.0M | $189.2M | ||
| Q1 25 | $225.8M | $174.3M | ||
| Q4 24 | $213.8M | $132.0M | ||
| Q3 24 | $273.2M | $481.2M | ||
| Q2 24 | $18.9M | $359.2M | ||
| Q1 24 | $22.2M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | $800.1M | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | $166.0M | $705.7M |
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $650.2M | $1.5B | ||
| Q1 24 | $615.7M | $1.5B |
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $1.5B | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.0B | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | 0.75× | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.27× | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $22.7M | $-157.1M |
| FCF MarginFCF / Revenue | 9.8% | -57.5% |
| Capex IntensityCapex / Revenue | 2.6% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.81× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $-157.0M | ||
| Q3 25 | $61.8M | $256.3M | ||
| Q2 25 | $60.6M | $15.8M | ||
| Q1 25 | $27.3M | $-19.8M | ||
| Q4 24 | $11.6M | $-450.0M | ||
| Q3 24 | $66.8M | $119.2M | ||
| Q2 24 | $62.7M | $-61.7M | ||
| Q1 24 | $22.4M | $-59.2M |
| Q4 25 | $22.7M | $-157.1M | ||
| Q3 25 | $58.7M | $255.6M | ||
| Q2 25 | $57.7M | $15.0M | ||
| Q1 25 | $22.8M | $-20.5M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | $118.4M | ||
| Q2 24 | $59.6M | $-62.3M | ||
| Q1 24 | $17.5M | $-59.8M |
| Q4 25 | 9.8% | -57.5% | ||
| Q3 25 | 21.2% | 38.1% | ||
| Q2 25 | 21.9% | 3.8% | ||
| Q1 25 | 9.9% | -5.8% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | 21.5% | ||
| Q2 24 | 26.3% | -19.6% | ||
| Q1 24 | 8.3% | -17.9% |
| Q4 25 | 2.6% | 0.0% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.4% | 0.2% | ||
| Q1 24 | 2.3% | 0.2% |
| Q4 25 | 2.81× | -10.19× | ||
| Q3 25 | 1.52× | 2.95× | ||
| Q2 25 | 1.48× | 0.48× | ||
| Q1 25 | 0.78× | -0.63× | ||
| Q4 24 | 0.43× | -27.27× | ||
| Q3 24 | 1.85× | 1.46× | ||
| Q2 24 | 1.62× | -1.59× | ||
| Q1 24 | 0.71× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
