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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Hillman Solutions Corp. (HLMN). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $233.0M, roughly 1.6× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -1.3%, a 5.7% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 3.0%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-34.3M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -1.2%).
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
CSW vs HLMN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $370.1M |
| Net Profit | $10.3M | $-4.7M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 1.9% |
| Net Margin | 4.4% | -1.3% |
| Revenue YoY | 20.3% | 3.0% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | $-0.02 |
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.
| Q1 26 | — | $370.1M | ||
| Q4 25 | $233.0M | $365.1M | ||
| Q3 25 | $277.0M | $424.9M | ||
| Q2 25 | $263.6M | $402.8M | ||
| Q1 25 | $230.5M | $359.3M | ||
| Q4 24 | $193.6M | $349.6M | ||
| Q3 24 | $227.9M | $393.3M | ||
| Q2 24 | $226.2M | $379.4M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $10.3M | $1.6M | ||
| Q3 25 | $40.7M | $23.2M | ||
| Q2 25 | $40.9M | $15.8M | ||
| Q1 25 | $35.1M | $-317.0K | ||
| Q4 24 | $26.9M | $-1.2M | ||
| Q3 24 | $36.1M | $7.4M | ||
| Q2 24 | $38.6M | $12.5M |
| Q1 26 | — | — | ||
| 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 26 | — | 1.9% | ||
| Q4 25 | 7.4% | 4.6% | ||
| Q3 25 | 20.5% | 10.8% | ||
| Q2 25 | 20.8% | 9.0% | ||
| Q1 25 | 19.5% | 4.2% | ||
| Q4 24 | 15.3% | 4.0% | ||
| Q3 24 | 22.6% | 6.8% | ||
| Q2 24 | 24.3% | 8.3% |
| Q1 26 | — | -1.3% | ||
| Q4 25 | 4.4% | 0.4% | ||
| Q3 25 | 14.7% | 5.5% | ||
| Q2 25 | 15.5% | 3.9% | ||
| Q1 25 | 15.2% | -0.1% | ||
| Q4 24 | 13.9% | -0.3% | ||
| Q3 24 | 15.8% | 1.9% | ||
| Q2 24 | 17.1% | 3.3% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.62 | $0.00 | ||
| Q3 25 | $2.41 | $0.12 | ||
| Q2 25 | $2.43 | $0.08 | ||
| Q1 25 | $2.05 | $0.00 | ||
| Q4 24 | $1.60 | $-0.00 | ||
| Q3 24 | $2.26 | $0.04 | ||
| Q2 24 | $2.47 | $0.06 |
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 | $27.7M |
| Total DebtLower is stronger | — | $714.1M |
| Stockholders' EquityBook value | $1.1B | $1.2B |
| Total Assets | $2.3B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $27.7M | ||
| Q4 25 | $40.2M | $27.3M | ||
| Q3 25 | $31.5M | $37.7M | ||
| Q2 25 | $38.0M | $34.2M | ||
| Q1 25 | $225.8M | $36.3M | ||
| Q4 24 | $213.8M | $44.5M | ||
| Q3 24 | $273.2M | $59.8M | ||
| Q2 24 | $18.9M | $54.0M |
| Q1 26 | — | $714.1M | ||
| Q4 25 | — | $668.3M | ||
| Q3 25 | — | $683.2M | ||
| Q2 25 | — | $683.1M | ||
| Q1 25 | $800.1M | $713.5M | ||
| Q4 24 | — | $691.7M | ||
| Q3 24 | — | $730.7M | ||
| Q2 24 | — | $732.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $650.2M | $1.2B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.1B | $2.4B |
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | 0.75× | 0.60× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | — |
| Free Cash FlowOCF − Capex | $22.7M | $-34.3M |
| FCF MarginFCF / Revenue | 9.8% | -9.3% |
| Capex IntensityCapex / Revenue | 2.6% | 4.0% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $30.9M | ||
| Q3 25 | $61.8M | $26.2M | ||
| Q2 25 | $60.6M | $48.7M | ||
| Q1 25 | $27.3M | $-655.0K | ||
| Q4 24 | $11.6M | $43.1M | ||
| Q3 24 | $66.8M | $63.7M | ||
| Q2 24 | $62.7M | $64.8M |
| Q1 26 | — | $-34.3M | ||
| Q4 25 | $22.7M | $16.1M | ||
| Q3 25 | $58.7M | $9.1M | ||
| Q2 25 | $57.7M | $31.2M | ||
| Q1 25 | $22.8M | $-21.3M | ||
| Q4 24 | $8.5M | $22.1M | ||
| Q3 24 | $61.3M | $39.6M | ||
| Q2 24 | $59.6M | $42.5M |
| Q1 26 | — | -9.3% | ||
| Q4 25 | 9.8% | 4.4% | ||
| Q3 25 | 21.2% | 2.1% | ||
| Q2 25 | 21.9% | 7.7% | ||
| Q1 25 | 9.9% | -5.9% | ||
| Q4 24 | 4.4% | 6.3% | ||
| Q3 24 | 26.9% | 10.1% | ||
| Q2 24 | 26.3% | 11.2% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 2.6% | 4.0% | ||
| Q3 25 | 1.1% | 4.0% | ||
| Q2 25 | 1.1% | 4.3% | ||
| Q1 25 | 2.0% | 5.7% | ||
| Q4 24 | 1.6% | 6.0% | ||
| Q3 24 | 2.4% | 6.1% | ||
| Q2 24 | 1.4% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 19.33× | ||
| Q3 25 | 1.52× | 1.13× | ||
| Q2 25 | 1.48× | 3.08× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 8.57× | ||
| Q2 24 | 1.62× | 5.17× |
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% |
HLMN
Segment breakdown not available.
