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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $179.4M, roughly 1.3× HEARTLAND EXPRESS INC). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -10.8%, a 15.2% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -26.1%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-44.2M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -18.5%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
CSW vs HTLD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $179.4M |
| Net Profit | $10.3M | $-19.4M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | -12.7% |
| Net Margin | 4.4% | -10.8% |
| Revenue YoY | 20.3% | -26.1% |
| Net Profit YoY | -61.9% | -949.2% |
| EPS (diluted) | $0.62 | $-0.24 |
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 | $179.4M | ||
| Q3 25 | $277.0M | $196.5M | ||
| Q2 25 | $263.6M | $210.4M | ||
| Q1 25 | $230.5M | $219.4M | ||
| Q4 24 | $193.6M | $242.6M | ||
| Q3 24 | $227.9M | $259.9M | ||
| Q2 24 | $226.2M | $274.8M | ||
| Q1 24 | $210.9M | $270.3M |
| Q4 25 | $10.3M | $-19.4M | ||
| Q3 25 | $40.7M | $-8.3M | ||
| Q2 25 | $40.9M | $-10.9M | ||
| Q1 25 | $35.1M | $-13.9M | ||
| Q4 24 | $26.9M | $-1.9M | ||
| Q3 24 | $36.1M | $-9.3M | ||
| Q2 24 | $38.6M | $-3.5M | ||
| Q1 24 | $31.8M | $-15.1M |
| 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% | -12.7% | ||
| Q3 25 | 20.5% | -3.7% | ||
| Q2 25 | 20.8% | -5.9% | ||
| Q1 25 | 19.5% | -6.8% | ||
| Q4 24 | 15.3% | 0.4% | ||
| Q3 24 | 22.6% | -2.7% | ||
| Q2 24 | 24.3% | 0.1% | ||
| Q1 24 | 21.0% | -5.3% |
| Q4 25 | 4.4% | -10.8% | ||
| Q3 25 | 14.7% | -4.2% | ||
| Q2 25 | 15.5% | -5.2% | ||
| Q1 25 | 15.2% | -6.3% | ||
| Q4 24 | 13.9% | -0.8% | ||
| Q3 24 | 15.8% | -3.6% | ||
| Q2 24 | 17.1% | -1.3% | ||
| Q1 24 | 15.1% | -5.6% |
| Q4 25 | $0.62 | $-0.24 | ||
| Q3 25 | $2.41 | $-0.11 | ||
| Q2 25 | $2.43 | $-0.14 | ||
| Q1 25 | $2.05 | $-0.18 | ||
| Q4 24 | $1.60 | $-0.03 | ||
| Q3 24 | $2.26 | $-0.12 | ||
| Q2 24 | $2.47 | $-0.04 | ||
| Q1 24 | $2.03 | $-0.19 |
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 | $18.5M |
| Total DebtLower is stronger | — | $154.1M |
| Stockholders' EquityBook value | $1.1B | $755.3M |
| Total Assets | $2.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $18.5M | ||
| Q3 25 | $31.5M | $32.7M | ||
| Q2 25 | $38.0M | $22.9M | ||
| Q1 25 | $225.8M | $23.9M | ||
| Q4 24 | $213.8M | $12.8M | ||
| Q3 24 | $273.2M | $30.7M | ||
| Q2 24 | $18.9M | $23.9M | ||
| Q1 24 | $22.2M | $23.8M |
| Q4 25 | — | $154.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $187.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $755.3M | ||
| Q3 25 | $1.1B | $775.6M | ||
| Q2 25 | $1.1B | $786.7M | ||
| Q1 25 | $1.1B | $807.7M | ||
| Q4 24 | $1.0B | $822.6M | ||
| Q3 24 | $1.0B | $825.7M | ||
| Q2 24 | $650.2M | $836.8M | ||
| Q1 24 | $615.7M | $848.8M |
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.5B |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.23× | ||
| 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 | $14.9M |
| Free Cash FlowOCF − Capex | $22.7M | $-44.2M |
| FCF MarginFCF / Revenue | 9.8% | -24.6% |
| Capex IntensityCapex / Revenue | 2.6% | 33.0% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $-66.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $14.9M | ||
| Q3 25 | $61.8M | $27.5M | ||
| Q2 25 | $60.6M | $21.0M | ||
| Q1 25 | $27.3M | $25.8M | ||
| Q4 24 | $11.6M | $37.8M | ||
| Q3 24 | $66.8M | $35.6M | ||
| Q2 24 | $62.7M | $40.0M | ||
| Q1 24 | $22.4M | $31.0M |
| Q4 25 | $22.7M | $-44.2M | ||
| Q3 25 | $58.7M | $-12.2M | ||
| Q2 25 | $57.7M | $-12.8M | ||
| Q1 25 | $22.8M | $2.3M | ||
| Q4 24 | $8.5M | $-45.5M | ||
| Q3 24 | $61.3M | $24.6M | ||
| Q2 24 | $59.6M | $29.4M | ||
| Q1 24 | $17.5M | $26.3M |
| Q4 25 | 9.8% | -24.6% | ||
| Q3 25 | 21.2% | -6.2% | ||
| Q2 25 | 21.9% | -6.1% | ||
| Q1 25 | 9.9% | 1.0% | ||
| Q4 24 | 4.4% | -18.8% | ||
| Q3 24 | 26.9% | 9.5% | ||
| Q2 24 | 26.3% | 10.7% | ||
| Q1 24 | 8.3% | 9.7% |
| Q4 25 | 2.6% | 33.0% | ||
| Q3 25 | 1.1% | 20.2% | ||
| Q2 25 | 1.1% | 16.1% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 1.6% | 34.3% | ||
| Q3 24 | 2.4% | 4.2% | ||
| Q2 24 | 1.4% | 3.8% | ||
| Q1 24 | 2.3% | 1.7% |
| Q4 25 | 2.81× | — | ||
| 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% |
HTLD
Segment breakdown not available.
