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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Hamilton Lane INC (HLNE). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $198.6M, roughly 1.2× Hamilton Lane INC). Hamilton Lane INC runs the higher net margin — 29.4% vs 4.4%, a 25.0% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 18.0%). Hamilton Lane INC produced more free cash flow last quarter ($72.4M vs $22.7M). Over the past eight quarters, Hamilton Lane INC's revenue compounded faster (6.0% CAGR vs 5.1%).
Hamilton Lane Incorporated is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investments to its clients.
CSW vs HLNE — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $198.6M |
| Net Profit | $10.3M | $58.4M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 60.5% |
| Net Margin | 4.4% | 29.4% |
| Revenue YoY | 20.3% | 18.0% |
| Net Profit YoY | -61.9% | 10.2% |
| EPS (diluted) | $0.62 | — |
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 | $198.6M | ||
| Q3 25 | $277.0M | $190.9M | ||
| Q2 25 | $263.6M | $176.0M | ||
| Q1 25 | $230.5M | $198.0M | ||
| Q4 24 | $193.6M | $168.3M | ||
| Q3 24 | $227.9M | $150.0M | ||
| Q2 24 | $226.2M | $196.7M | ||
| Q1 24 | $210.9M | $176.7M |
| Q4 25 | $10.3M | $58.4M | ||
| Q3 25 | $40.7M | $70.9M | ||
| Q2 25 | $40.9M | $53.7M | ||
| Q1 25 | $35.1M | $50.5M | ||
| Q4 24 | $26.9M | $53.0M | ||
| Q3 24 | $36.1M | $55.0M | ||
| Q2 24 | $38.6M | $59.0M | ||
| Q1 24 | $31.8M | $48.4M |
| 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% | 60.5% | ||
| Q3 25 | 20.5% | 61.6% | ||
| Q2 25 | 20.8% | 54.2% | ||
| Q1 25 | 19.5% | 44.6% | ||
| Q4 24 | 15.3% | 53.6% | ||
| Q3 24 | 22.6% | 51.4% | ||
| Q2 24 | 24.3% | 54.3% | ||
| Q1 24 | 21.0% | 55.0% |
| Q4 25 | 4.4% | 29.4% | ||
| Q3 25 | 14.7% | 37.1% | ||
| Q2 25 | 15.5% | 30.5% | ||
| Q1 25 | 15.2% | 25.5% | ||
| Q4 24 | 13.9% | 31.5% | ||
| Q3 24 | 15.8% | 36.7% | ||
| Q2 24 | 17.1% | 30.0% | ||
| Q1 24 | 15.1% | 27.4% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | — | ||
| Q2 25 | $2.43 | — | ||
| Q1 25 | $2.05 | — | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | — | ||
| Q2 24 | $2.47 | — | ||
| Q1 24 | $2.03 | — |
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 | — |
| Total DebtLower is stronger | — | $279.5M |
| Stockholders' EquityBook value | $1.1B | $877.4M |
| Total Assets | $2.3B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $225.8M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | — | ||
| Q2 24 | $18.9M | — | ||
| Q1 24 | $22.2M | — |
| Q4 25 | — | $279.5M | ||
| Q3 25 | — | $285.6M | ||
| Q2 25 | — | $288.6M | ||
| Q1 25 | $800.1M | $290.3M | ||
| Q4 24 | — | $292.0M | ||
| Q3 24 | — | $195.0M | ||
| Q2 24 | — | $195.6M | ||
| Q1 24 | $166.0M | $196.2M |
| Q4 25 | $1.1B | $877.4M | ||
| Q3 25 | $1.1B | $825.8M | ||
| Q2 25 | $1.1B | $758.8M | ||
| Q1 25 | $1.1B | $717.3M | ||
| Q4 24 | $1.0B | $649.3M | ||
| Q3 24 | $1.0B | $606.6M | ||
| Q2 24 | $650.2M | $566.4M | ||
| Q1 24 | $615.7M | $525.2M |
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.3B |
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | 0.75× | 0.40× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | 0.27× | 0.37× |
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 | $74.1M |
| Free Cash FlowOCF − Capex | $22.7M | $72.4M |
| FCF MarginFCF / Revenue | 9.8% | 36.5% |
| Capex IntensityCapex / Revenue | 2.6% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.81× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $606.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $74.1M | ||
| Q3 25 | $61.8M | $118.9M | ||
| Q2 25 | $60.6M | $128.9M | ||
| Q1 25 | $27.3M | $300.8M | ||
| Q4 24 | $11.6M | $64.4M | ||
| Q3 24 | $66.8M | $117.4M | ||
| Q2 24 | $62.7M | $79.7M | ||
| Q1 24 | $22.4M | $120.9M |
| Q4 25 | $22.7M | $72.4M | ||
| Q3 25 | $58.7M | $117.8M | ||
| Q2 25 | $57.7M | $127.6M | ||
| Q1 25 | $22.8M | $288.7M | ||
| Q4 24 | $8.5M | $58.8M | ||
| Q3 24 | $61.3M | $115.8M | ||
| Q2 24 | $59.6M | $78.2M | ||
| Q1 24 | $17.5M | $109.8M |
| Q4 25 | 9.8% | 36.5% | ||
| Q3 25 | 21.2% | 61.7% | ||
| Q2 25 | 21.9% | 72.5% | ||
| Q1 25 | 9.9% | 145.8% | ||
| Q4 24 | 4.4% | 34.9% | ||
| Q3 24 | 26.9% | 77.2% | ||
| Q2 24 | 26.3% | 39.8% | ||
| Q1 24 | 8.3% | 62.1% |
| Q4 25 | 2.6% | 0.8% | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 2.0% | 6.1% | ||
| Q4 24 | 1.6% | 3.3% | ||
| Q3 24 | 2.4% | 1.0% | ||
| Q2 24 | 1.4% | 0.8% | ||
| Q1 24 | 2.3% | 6.3% |
| Q4 25 | 2.81× | 1.27× | ||
| Q3 25 | 1.52× | 1.68× | ||
| Q2 25 | 1.48× | 2.40× | ||
| Q1 25 | 0.78× | 5.96× | ||
| Q4 24 | 0.43× | 1.22× | ||
| Q3 24 | 1.85× | 2.14× | ||
| Q2 24 | 1.62× | 1.35× | ||
| Q1 24 | 0.71× | 2.50× |
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% |
HLNE
| Management And Advisory Fee Revenue Specialized Funds | $98.5M | 50% |
| Incentive Fee Revenue Specialized Funds | $39.4M | 20% |
| Management And Advisory Fee Revenue Customized Separate Accounts | $36.1M | 18% |
| Management And Advisory Fee Revenue Reporting And Other | $9.3M | 5% |
| Incentive Fee Revenue Customized Separate Accounts | $5.9M | 3% |
| Management And Advisory Fee Revenue Advisory | $4.8M | 2% |
| Management And Advisory Fee Revenue Fund Reimbursement Revenue | $3.9M | 2% |
