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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $177.1M, roughly 1.3× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 4.4%, a 28.4% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $22.7M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 5.1%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
CSW vs GCMG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $177.1M |
| Net Profit | $10.3M | $58.2M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 30.9% |
| Net Margin | 4.4% | 32.8% |
| Revenue YoY | 20.3% | 7.2% |
| Net Profit YoY | -61.9% | 149.2% |
| 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 | $177.1M | ||
| Q3 25 | $277.0M | $135.0M | ||
| Q2 25 | $263.6M | $119.7M | ||
| Q1 25 | $230.5M | $125.8M | ||
| Q4 24 | $193.6M | $165.3M | ||
| Q3 24 | $227.9M | $122.9M | ||
| Q2 24 | $226.2M | $117.0M | ||
| Q1 24 | $210.9M | $108.9M |
| Q4 25 | $10.3M | $58.2M | ||
| Q3 25 | $40.7M | $10.5M | ||
| Q2 25 | $40.9M | $15.4M | ||
| Q1 25 | $35.1M | $463.0K | ||
| Q4 24 | $26.9M | $7.6M | ||
| Q3 24 | $36.1M | $4.2M | ||
| Q2 24 | $38.6M | $4.8M | ||
| Q1 24 | $31.8M | $2.1M |
| 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% | 30.9% | ||
| Q3 25 | 20.5% | 32.7% | ||
| Q2 25 | 20.8% | 16.1% | ||
| Q1 25 | 19.5% | 12.2% | ||
| Q4 24 | 15.3% | 26.4% | ||
| Q3 24 | 22.6% | 20.3% | ||
| Q2 24 | 24.3% | 17.8% | ||
| Q1 24 | 21.0% | -14.7% |
| Q4 25 | 4.4% | 32.8% | ||
| Q3 25 | 14.7% | 7.8% | ||
| Q2 25 | 15.5% | 12.9% | ||
| Q1 25 | 15.2% | 0.4% | ||
| Q4 24 | 13.9% | 4.6% | ||
| Q3 24 | 15.8% | 3.4% | ||
| Q2 24 | 17.1% | 4.1% | ||
| Q1 24 | 15.1% | 2.0% |
| Q4 25 | $0.62 | $0.23 | ||
| Q3 25 | $2.41 | $0.16 | ||
| Q2 25 | $2.43 | $0.05 | ||
| Q1 25 | $2.05 | $-0.02 | ||
| Q4 24 | $1.60 | $0.09 | ||
| Q3 24 | $2.26 | $0.03 | ||
| Q2 24 | $2.47 | $0.04 | ||
| Q1 24 | $2.03 | $-0.13 |
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 | $242.1M |
| Total DebtLower is stronger | — | $428.4M |
| Stockholders' EquityBook value | $1.1B | $27.0M |
| Total Assets | $2.3B | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $242.1M | ||
| Q3 25 | $31.5M | $182.7M | ||
| Q2 25 | $38.0M | $136.3M | ||
| Q1 25 | $225.8M | $94.5M | ||
| Q4 24 | $213.8M | $89.5M | ||
| Q3 24 | $273.2M | $98.4M | ||
| Q2 24 | $18.9M | $73.9M | ||
| Q1 24 | $22.2M | $41.9M |
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | $800.1M | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | $166.0M | $384.0M |
| Q4 25 | $1.1B | $27.0M | ||
| Q3 25 | $1.1B | $-7.4M | ||
| Q2 25 | $1.1B | $-12.3M | ||
| Q1 25 | $1.1B | $-28.3M | ||
| Q4 24 | $1.0B | $-27.6M | ||
| Q3 24 | $1.0B | $-31.9M | ||
| Q2 24 | $650.2M | $-28.5M | ||
| Q1 24 | $615.7M | $-26.4M |
| Q4 25 | $2.3B | $813.8M | ||
| Q3 25 | $1.5B | $685.9M | ||
| Q2 25 | $1.5B | $636.9M | ||
| Q1 25 | $1.4B | $579.8M | ||
| Q4 24 | $1.4B | $612.7M | ||
| Q3 24 | $1.4B | $575.0M | ||
| Q2 24 | $1.1B | $543.9M | ||
| Q1 24 | $1.0B | $497.3M |
| Q4 25 | — | 15.87× | ||
| 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 | $183.5M |
| Free Cash FlowOCF − Capex | $22.7M | $175.0M |
| FCF MarginFCF / Revenue | 9.8% | 98.8% |
| Capex IntensityCapex / Revenue | 2.6% | 4.8% |
| Cash ConversionOCF / Net Profit | 2.81× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $183.5M | ||
| Q3 25 | $61.8M | $79.8M | ||
| Q2 25 | $60.6M | $42.0M | ||
| Q1 25 | $27.3M | $33.3M | ||
| Q4 24 | $11.6M | $148.8M | ||
| Q3 24 | $66.8M | $69.0M | ||
| Q2 24 | $62.7M | $17.5M | ||
| Q1 24 | $22.4M | $24.2M |
| Q4 25 | $22.7M | $175.0M | ||
| Q3 25 | $58.7M | $78.3M | ||
| Q2 25 | $57.7M | $40.8M | ||
| Q1 25 | $22.8M | $32.1M | ||
| Q4 24 | $8.5M | $132.0M | ||
| Q3 24 | $61.3M | $62.2M | ||
| Q2 24 | $59.6M | $12.8M | ||
| Q1 24 | $17.5M | $20.0M |
| Q4 25 | 9.8% | 98.8% | ||
| Q3 25 | 21.2% | 58.0% | ||
| Q2 25 | 21.9% | 34.1% | ||
| Q1 25 | 9.9% | 25.5% | ||
| Q4 24 | 4.4% | 79.9% | ||
| Q3 24 | 26.9% | 50.6% | ||
| Q2 24 | 26.3% | 10.9% | ||
| Q1 24 | 8.3% | 18.4% |
| Q4 25 | 2.6% | 4.8% | ||
| Q3 25 | 1.1% | 1.1% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 1.6% | 10.1% | ||
| Q3 24 | 2.4% | 5.5% | ||
| Q2 24 | 1.4% | 4.0% | ||
| Q1 24 | 2.3% | 3.9% |
| Q4 25 | 2.81× | 3.16× | ||
| Q3 25 | 1.52× | 7.61× | ||
| Q2 25 | 1.48× | 2.72× | ||
| Q1 25 | 0.78× | 71.84× | ||
| Q4 24 | 0.43× | 19.54× | ||
| Q3 24 | 1.85× | 16.60× | ||
| Q2 24 | 1.62× | 3.64× | ||
| Q1 24 | 0.71× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
