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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and JFrog Ltd (FROG). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $145.3M, roughly 1.6× JFrog Ltd). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -10.5%, a 14.9% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 20.3%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $22.7M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 5.1%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
CSW vs FROG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $145.3M |
| Net Profit | $10.3M | $-15.2M |
| Gross Margin | 39.7% | 77.9% |
| Operating Margin | 7.4% | -14.7% |
| Net Margin | 4.4% | -10.5% |
| Revenue YoY | 20.3% | 25.2% |
| Net Profit YoY | -61.9% | 34.4% |
| EPS (diluted) | $0.62 | $-0.13 |
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 | $145.3M | ||
| Q3 25 | $277.0M | $136.9M | ||
| Q2 25 | $263.6M | $127.2M | ||
| Q1 25 | $230.5M | $122.4M | ||
| Q4 24 | $193.6M | $116.1M | ||
| Q3 24 | $227.9M | $109.1M | ||
| Q2 24 | $226.2M | $103.0M | ||
| Q1 24 | $210.9M | $100.3M |
| Q4 25 | $10.3M | $-15.2M | ||
| Q3 25 | $40.7M | $-16.4M | ||
| Q2 25 | $40.9M | $-21.7M | ||
| Q1 25 | $35.1M | $-18.5M | ||
| Q4 24 | $26.9M | $-23.2M | ||
| Q3 24 | $36.1M | $-22.9M | ||
| Q2 24 | $38.6M | $-14.3M | ||
| Q1 24 | $31.8M | $-8.8M |
| Q4 25 | 39.7% | 77.9% | ||
| Q3 25 | 43.0% | 77.4% | ||
| Q2 25 | 43.8% | 76.3% | ||
| Q1 25 | 44.2% | 75.3% | ||
| Q4 24 | 41.4% | 75.4% | ||
| Q3 24 | 45.6% | 75.0% | ||
| Q2 24 | 47.5% | 78.8% | ||
| Q1 24 | 44.4% | 79.5% |
| Q4 25 | 7.4% | -14.7% | ||
| Q3 25 | 20.5% | -15.8% | ||
| Q2 25 | 20.8% | -20.4% | ||
| Q1 25 | 19.5% | -18.8% | ||
| Q4 24 | 15.3% | -21.9% | ||
| Q3 24 | 22.6% | -27.4% | ||
| Q2 24 | 24.3% | -18.6% | ||
| Q1 24 | 21.0% | -16.6% |
| Q4 25 | 4.4% | -10.5% | ||
| Q3 25 | 14.7% | -12.0% | ||
| Q2 25 | 15.5% | -17.0% | ||
| Q1 25 | 15.2% | -15.1% | ||
| Q4 24 | 13.9% | -20.0% | ||
| Q3 24 | 15.8% | -21.0% | ||
| Q2 24 | 17.1% | -13.9% | ||
| Q1 24 | 15.1% | -8.8% |
| Q4 25 | $0.62 | $-0.13 | ||
| Q3 25 | $2.41 | $-0.14 | ||
| Q2 25 | $2.43 | $-0.19 | ||
| Q1 25 | $2.05 | $-0.16 | ||
| Q4 24 | $1.60 | $-0.21 | ||
| Q3 24 | $2.26 | $-0.21 | ||
| Q2 24 | $2.47 | $-0.13 | ||
| Q1 24 | $2.03 | $-0.08 |
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 | $704.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $887.4M |
| Total Assets | $2.3B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $704.4M | ||
| Q3 25 | $31.5M | $651.1M | ||
| Q2 25 | $38.0M | $611.7M | ||
| Q1 25 | $225.8M | $563.5M | ||
| Q4 24 | $213.8M | $522.0M | ||
| Q3 24 | $273.2M | $467.8M | ||
| Q2 24 | $18.9M | $591.3M | ||
| Q1 24 | $22.2M | $579.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $887.4M | ||
| Q3 25 | $1.1B | $859.4M | ||
| Q2 25 | $1.1B | $826.5M | ||
| Q1 25 | $1.1B | $800.0M | ||
| Q4 24 | $1.0B | $773.5M | ||
| Q3 24 | $1.0B | $756.2M | ||
| Q2 24 | $650.2M | $721.4M | ||
| Q1 24 | $615.7M | $707.8M |
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.0B | $997.1M |
| 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 | $50.7M |
| Free Cash FlowOCF − Capex | $22.7M | $49.9M |
| FCF MarginFCF / Revenue | 9.8% | 34.3% |
| Capex IntensityCapex / Revenue | 2.6% | 0.6% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $50.7M | ||
| Q3 25 | $61.8M | $30.2M | ||
| Q2 25 | $60.6M | $36.1M | ||
| Q1 25 | $27.3M | $28.8M | ||
| Q4 24 | $11.6M | $49.1M | ||
| Q3 24 | $66.8M | $27.6M | ||
| Q2 24 | $62.7M | $16.7M | ||
| Q1 24 | $22.4M | $17.5M |
| Q4 25 | $22.7M | $49.9M | ||
| Q3 25 | $58.7M | $28.8M | ||
| Q2 25 | $57.7M | $35.5M | ||
| Q1 25 | $22.8M | $28.1M | ||
| Q4 24 | $8.5M | $48.5M | ||
| Q3 24 | $61.3M | $26.7M | ||
| Q2 24 | $59.6M | $16.0M | ||
| Q1 24 | $17.5M | $16.6M |
| Q4 25 | 9.8% | 34.3% | ||
| Q3 25 | 21.2% | 21.0% | ||
| Q2 25 | 21.9% | 27.9% | ||
| Q1 25 | 9.9% | 23.0% | ||
| Q4 24 | 4.4% | 41.8% | ||
| Q3 24 | 26.9% | 24.5% | ||
| Q2 24 | 26.3% | 15.5% | ||
| Q1 24 | 8.3% | 16.6% |
| Q4 25 | 2.6% | 0.6% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 1.6% | 0.5% | ||
| Q3 24 | 2.4% | 0.9% | ||
| Q2 24 | 1.4% | 0.7% | ||
| Q1 24 | 2.3% | 0.8% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | — |
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% |
FROG
Segment breakdown not available.
