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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Global Net Lease, Inc. (GNL). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $117.0M, roughly 2.0× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 4.4%, a 36.8% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -15.1%). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -11.1%).
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
CSW vs GNL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $117.0M |
| Net Profit | $10.3M | $48.2M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 94.7% |
| Net Margin | 4.4% | 41.2% |
| Revenue YoY | 20.3% | -15.1% |
| Net Profit YoY | -61.9% | 838.7% |
| EPS (diluted) | $0.62 | $0.14 |
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 | $117.0M | ||
| Q3 25 | $277.0M | $121.0M | ||
| Q2 25 | $263.6M | $124.9M | ||
| Q1 25 | $230.5M | $132.4M | ||
| Q4 24 | $193.6M | $137.8M | ||
| Q3 24 | $227.9M | $138.7M | ||
| Q2 24 | $226.2M | $145.5M | ||
| Q1 24 | $210.9M | $147.9M |
| Q4 25 | $10.3M | $48.2M | ||
| Q3 25 | $40.7M | $-60.1M | ||
| Q2 25 | $40.9M | $-24.1M | ||
| Q1 25 | $35.1M | $-189.4M | ||
| Q4 24 | $26.9M | $-6.5M | ||
| Q3 24 | $36.1M | $-65.6M | ||
| Q2 24 | $38.6M | $-35.7M | ||
| Q1 24 | $31.8M | $-23.8M |
| 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% | 94.7% | ||
| Q3 25 | 20.5% | -11.7% | ||
| Q2 25 | 20.8% | 33.9% | ||
| Q1 25 | 19.5% | -21.1% | ||
| Q4 24 | 15.3% | 40.8% | ||
| Q3 24 | 22.6% | 9.3% | ||
| Q2 24 | 24.3% | 42.6% | ||
| Q1 24 | 21.0% | 38.6% |
| Q4 25 | 4.4% | 41.2% | ||
| Q3 25 | 14.7% | -49.7% | ||
| Q2 25 | 15.5% | -19.3% | ||
| Q1 25 | 15.2% | -143.0% | ||
| Q4 24 | 13.9% | -4.7% | ||
| Q3 24 | 15.8% | -47.3% | ||
| Q2 24 | 17.1% | -24.5% | ||
| Q1 24 | 15.1% | -16.1% |
| Q4 25 | $0.62 | $0.14 | ||
| Q3 25 | $2.41 | $-0.32 | ||
| Q2 25 | $2.43 | $-0.16 | ||
| Q1 25 | $2.05 | $-0.87 | ||
| Q4 24 | $1.60 | $-0.08 | ||
| Q3 24 | $2.26 | $-0.33 | ||
| Q2 24 | $2.47 | $-0.20 | ||
| Q1 24 | $2.03 | $-0.15 |
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 | $180.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.7B |
| Total Assets | $2.3B | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $180.1M | ||
| Q3 25 | $31.5M | $165.1M | ||
| Q2 25 | $38.0M | $144.8M | ||
| Q1 25 | $225.8M | $147.0M | ||
| Q4 24 | $213.8M | $159.7M | ||
| Q3 24 | $273.2M | $127.2M | ||
| Q2 24 | $18.9M | $122.2M | ||
| Q1 24 | $22.2M | $131.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $1.0B | $2.3B | ||
| Q2 24 | $650.2M | $2.4B | ||
| Q1 24 | $615.7M | $2.5B |
| Q4 25 | $2.3B | $4.3B | ||
| Q3 25 | $1.5B | $4.8B | ||
| Q2 25 | $1.5B | $5.0B | ||
| Q1 25 | $1.4B | $5.8B | ||
| Q4 24 | $1.4B | $7.0B | ||
| Q3 24 | $1.4B | $7.3B | ||
| Q2 24 | $1.1B | $7.6B | ||
| Q1 24 | $1.0B | $8.0B |
| 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 | $222.8M |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | 4.62× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $222.8M | ||
| Q3 25 | $61.8M | $56.0M | ||
| Q2 25 | $60.6M | $52.0M | ||
| Q1 25 | $27.3M | $59.2M | ||
| Q4 24 | $11.6M | $299.5M | ||
| Q3 24 | $66.8M | $62.1M | ||
| Q2 24 | $62.7M | $70.4M | ||
| Q1 24 | $22.4M | $92.2M |
| 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× | 4.62× | ||
| 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% |
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
