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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Grindr Inc. (GRND). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $126.0M, roughly 1.8× Grindr Inc.). Grindr Inc. runs the higher net margin — 16.1% vs 4.4%, a 11.7% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 20.3%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $22.7M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 5.1%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
CSW vs GRND — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $126.0M |
| Net Profit | $10.3M | $20.3M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 24.9% |
| Net Margin | 4.4% | 16.1% |
| Revenue YoY | 20.3% | 29.0% |
| Net Profit YoY | -61.9% | 116.4% |
| EPS (diluted) | $0.62 | $0.10 |
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 | $126.0M | ||
| Q3 25 | $277.0M | $115.8M | ||
| Q2 25 | $263.6M | $104.2M | ||
| Q1 25 | $230.5M | $93.9M | ||
| Q4 24 | $193.6M | $97.6M | ||
| Q3 24 | $227.9M | $89.3M | ||
| Q2 24 | $226.2M | $82.3M | ||
| Q1 24 | $210.9M | $75.3M |
| Q4 25 | $10.3M | $20.3M | ||
| Q3 25 | $40.7M | $30.8M | ||
| Q2 25 | $40.9M | $16.6M | ||
| Q1 25 | $35.1M | $27.0M | ||
| Q4 24 | $26.9M | $-123.9M | ||
| Q3 24 | $36.1M | $24.7M | ||
| Q2 24 | $38.6M | $-22.4M | ||
| Q1 24 | $31.8M | $-9.4M |
| 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% | 24.9% | ||
| Q3 25 | 20.5% | 39.1% | ||
| Q2 25 | 20.8% | 23.4% | ||
| Q1 25 | 19.5% | 27.0% | ||
| Q4 24 | 15.3% | 20.9% | ||
| Q3 24 | 22.6% | 31.8% | ||
| Q2 24 | 24.3% | 29.8% | ||
| Q1 24 | 21.0% | 25.6% |
| Q4 25 | 4.4% | 16.1% | ||
| Q3 25 | 14.7% | 26.6% | ||
| Q2 25 | 15.5% | 16.0% | ||
| Q1 25 | 15.2% | 28.8% | ||
| Q4 24 | 13.9% | -126.9% | ||
| Q3 24 | 15.8% | 27.6% | ||
| Q2 24 | 17.1% | -27.2% | ||
| Q1 24 | 15.1% | -12.5% |
| Q4 25 | $0.62 | $0.10 | ||
| Q3 25 | $2.41 | $0.16 | ||
| Q2 25 | $2.43 | $0.08 | ||
| Q1 25 | $2.05 | $0.09 | ||
| Q4 24 | $1.60 | $-0.65 | ||
| Q3 24 | $2.26 | $0.09 | ||
| Q2 24 | $2.47 | $-0.13 | ||
| Q1 24 | $2.03 | $-0.05 |
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 | $87.0M |
| Total DebtLower is stronger | — | $395.9M |
| Stockholders' EquityBook value | $1.1B | $47.0M |
| Total Assets | $2.3B | $531.0M |
| Debt / EquityLower = less leverage | — | 8.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $87.0M | ||
| Q3 25 | $31.5M | $6.3M | ||
| Q2 25 | $38.0M | $120.8M | ||
| Q1 25 | $225.8M | $255.9M | ||
| Q4 24 | $213.8M | $59.2M | ||
| Q3 24 | $273.2M | $39.1M | ||
| Q2 24 | $18.9M | $16.3M | ||
| Q1 24 | $22.2M | $21.5M |
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $279.9M | ||
| Q2 25 | — | $283.5M | ||
| Q1 25 | $800.1M | $287.0M | ||
| Q4 24 | — | $290.6M | ||
| Q3 24 | — | $294.1M | ||
| Q2 24 | — | $297.7M | ||
| Q1 24 | $166.0M | $315.0M |
| Q4 25 | $1.1B | $47.0M | ||
| Q3 25 | $1.1B | $71.0M | ||
| Q2 25 | $1.1B | $187.7M | ||
| Q1 25 | $1.1B | $319.8M | ||
| Q4 24 | $1.0B | $-131.6M | ||
| Q3 24 | $1.0B | $-13.4M | ||
| Q2 24 | $650.2M | $-41.7M | ||
| Q1 24 | $615.7M | $-22.0M |
| Q4 25 | $2.3B | $531.0M | ||
| Q3 25 | $1.5B | $439.2M | ||
| Q2 25 | $1.5B | $547.6M | ||
| Q1 25 | $1.4B | $679.4M | ||
| Q4 24 | $1.4B | $479.1M | ||
| Q3 24 | $1.4B | $456.3M | ||
| Q2 24 | $1.1B | $435.0M | ||
| Q1 24 | $1.0B | $437.7M |
| Q4 25 | — | 8.42× | ||
| Q3 25 | — | 3.94× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | 0.75× | 0.90× | ||
| 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 | $24.8M |
| Free Cash FlowOCF − Capex | $22.7M | $24.5M |
| FCF MarginFCF / Revenue | 9.8% | 19.5% |
| Capex IntensityCapex / Revenue | 2.6% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.81× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $140.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $24.8M | ||
| Q3 25 | $61.8M | $55.4M | ||
| Q2 25 | $60.6M | $37.5M | ||
| Q1 25 | $27.3M | $23.8M | ||
| Q4 24 | $11.6M | $29.5M | ||
| Q3 24 | $66.8M | $29.1M | ||
| Q2 24 | $62.7M | $15.8M | ||
| Q1 24 | $22.4M | $20.4M |
| Q4 25 | $22.7M | $24.5M | ||
| Q3 25 | $58.7M | $55.2M | ||
| Q2 25 | $57.7M | $37.3M | ||
| Q1 25 | $22.8M | $23.7M | ||
| Q4 24 | $8.5M | $29.3M | ||
| Q3 24 | $61.3M | $28.8M | ||
| Q2 24 | $59.6M | $15.7M | ||
| Q1 24 | $17.5M | $20.3M |
| Q4 25 | 9.8% | 19.5% | ||
| Q3 25 | 21.2% | 47.7% | ||
| Q2 25 | 21.9% | 35.8% | ||
| Q1 25 | 9.9% | 25.2% | ||
| Q4 24 | 4.4% | 30.0% | ||
| Q3 24 | 26.9% | 32.2% | ||
| Q2 24 | 26.3% | 19.0% | ||
| Q1 24 | 8.3% | 26.9% |
| Q4 25 | 2.6% | 0.2% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 1.4% | 0.2% | ||
| Q1 24 | 2.3% | 0.3% |
| Q4 25 | 2.81× | 1.22× | ||
| Q3 25 | 1.52× | 1.80× | ||
| Q2 25 | 1.48× | 2.25× | ||
| Q1 25 | 0.78× | 0.88× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 1.18× | ||
| 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% |
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
