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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and IDACORP INC (IDA). Click either name above to swap in a different company.

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $233.0M, roughly 1.5× CSW INDUSTRIALS, INC.). IDACORP INC runs the higher net margin — 12.1% vs 4.4%, a 7.7% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -4.2%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-216.2M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -7.2%).

IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.

CSW vs IDA — Head-to-Head

Bigger by revenue
IDA
IDA
1.5× larger
IDA
$360.1M
$233.0M
CSW
Growing faster (revenue YoY)
CSW
CSW
+24.5% gap
CSW
20.3%
-4.2%
IDA
Higher net margin
IDA
IDA
7.7% more per $
IDA
12.1%
4.4%
CSW
More free cash flow
CSW
CSW
$238.9M more FCF
CSW
$22.7M
$-216.2M
IDA
Faster 2-yr revenue CAGR
CSW
CSW
Annualised
CSW
5.1%
-7.2%
IDA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CSW
CSW
IDA
IDA
Revenue
$233.0M
$360.1M
Net Profit
$10.3M
$43.6M
Gross Margin
39.7%
Operating Margin
7.4%
14.9%
Net Margin
4.4%
12.1%
Revenue YoY
20.3%
-4.2%
Net Profit YoY
-61.9%
15.1%
EPS (diluted)
$0.62
$0.78

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.

Revenue
CSW
CSW
IDA
IDA
Q4 25
$233.0M
$360.1M
Q3 25
$277.0M
$526.4M
Q2 25
$263.6M
$449.3M
Q1 25
$230.5M
$411.1M
Q4 24
$193.6M
$375.9M
Q3 24
$227.9M
$532.5M
Q2 24
$226.2M
$442.6M
Q1 24
$210.9M
$417.9M
Net Profit
CSW
CSW
IDA
IDA
Q4 25
$10.3M
$43.6M
Q3 25
$40.7M
$124.4M
Q2 25
$40.9M
$95.8M
Q1 25
$35.1M
$59.6M
Q4 24
$26.9M
$37.9M
Q3 24
$36.1M
$113.6M
Q2 24
$38.6M
$89.5M
Q1 24
$31.8M
$48.2M
Gross Margin
CSW
CSW
IDA
IDA
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%
Operating Margin
CSW
CSW
IDA
IDA
Q4 25
7.4%
14.9%
Q3 25
20.5%
27.5%
Q2 25
20.8%
22.4%
Q1 25
19.5%
13.4%
Q4 24
15.3%
11.0%
Q3 24
22.6%
25.1%
Q2 24
24.3%
23.3%
Q1 24
21.0%
11.9%
Net Margin
CSW
CSW
IDA
IDA
Q4 25
4.4%
12.1%
Q3 25
14.7%
23.6%
Q2 25
15.5%
21.3%
Q1 25
15.2%
14.5%
Q4 24
13.9%
10.1%
Q3 24
15.8%
21.3%
Q2 24
17.1%
20.2%
Q1 24
15.1%
11.5%
EPS (diluted)
CSW
CSW
IDA
IDA
Q4 25
$0.62
$0.78
Q3 25
$2.41
$2.26
Q2 25
$2.43
$1.76
Q1 25
$2.05
$1.10
Q4 24
$1.60
$0.72
Q3 24
$2.26
$2.12
Q2 24
$2.47
$1.71
Q1 24
$2.03
$0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSW
CSW
IDA
IDA
Cash + ST InvestmentsLiquidity on hand
$40.2M
$215.7M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$1.1B
$3.6B
Total Assets
$2.3B
$10.2B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
IDA
IDA
Q4 25
$40.2M
$215.7M
Q3 25
$31.5M
$333.2M
Q2 25
$38.0M
$474.5M
Q1 25
$225.8M
$634.5M
Q4 24
$213.8M
$368.9M
Q3 24
$273.2M
$427.9M
Q2 24
$18.9M
$169.6M
Q1 24
$22.2M
$157.6M
Total Debt
CSW
CSW
IDA
IDA
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
CSW
CSW
IDA
IDA
Q4 25
$1.1B
$3.6B
Q3 25
$1.1B
$3.5B
Q2 25
$1.1B
$3.4B
Q1 25
$1.1B
$3.3B
Q4 24
$1.0B
$3.3B
Q3 24
$1.0B
$3.3B
Q2 24
$650.2M
$3.2B
Q1 24
$615.7M
$2.9B
Total Assets
CSW
CSW
IDA
IDA
Q4 25
$2.3B
$10.2B
Q3 25
$1.5B
$10.1B
Q2 25
$1.5B
$9.9B
Q1 25
$1.4B
$9.6B
Q4 24
$1.4B
$9.2B
Q3 24
$1.4B
$9.1B
Q2 24
$1.1B
$8.7B
Q1 24
$1.0B
$8.3B
Debt / Equity
CSW
CSW
IDA
IDA
Q4 25
0.93×
Q3 25
Q2 25
Q1 25
0.75×
Q4 24
0.92×
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
CSW
CSW
IDA
IDA
Operating Cash FlowLast quarter
$28.9M
$137.8M
Free Cash FlowOCF − Capex
$22.7M
$-216.2M
FCF MarginFCF / Revenue
9.8%
-60.0%
Capex IntensityCapex / Revenue
2.6%
98.3%
Cash ConversionOCF / Net Profit
2.81×
3.16×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
IDA
IDA
Q4 25
$28.9M
$137.8M
Q3 25
$61.8M
$162.8M
Q2 25
$60.6M
$176.9M
Q1 25
$27.3M
$124.3M
Q4 24
$11.6M
$136.4M
Q3 24
$66.8M
$201.9M
Q2 24
$62.7M
$146.4M
Q1 24
$22.4M
$109.7M
Free Cash Flow
CSW
CSW
IDA
IDA
Q4 25
$22.7M
$-216.2M
Q3 25
$58.7M
$-127.9M
Q2 25
$57.7M
$-156.4M
Q1 25
$22.8M
$-77.0M
Q4 24
$8.5M
$-48.9M
Q3 24
$61.3M
$-16.1M
Q2 24
$59.6M
$-199.6M
Q1 24
$17.5M
$-150.3M
FCF Margin
CSW
CSW
IDA
IDA
Q4 25
9.8%
-60.0%
Q3 25
21.2%
-24.3%
Q2 25
21.9%
-34.8%
Q1 25
9.9%
-18.7%
Q4 24
4.4%
-13.0%
Q3 24
26.9%
-3.0%
Q2 24
26.3%
-45.1%
Q1 24
8.3%
-36.0%
Capex Intensity
CSW
CSW
IDA
IDA
Q4 25
2.6%
98.3%
Q3 25
1.1%
55.2%
Q2 25
1.1%
74.2%
Q1 25
2.0%
49.0%
Q4 24
1.6%
49.3%
Q3 24
2.4%
41.0%
Q2 24
1.4%
78.2%
Q1 24
2.3%
62.2%
Cash Conversion
CSW
CSW
IDA
IDA
Q4 25
2.81×
3.16×
Q3 25
1.52×
1.31×
Q2 25
1.48×
1.85×
Q1 25
0.78×
2.08×
Q4 24
0.43×
3.60×
Q3 24
1.85×
1.78×
Q2 24
1.62×
1.63×
Q1 24
0.71×
2.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSW
CSW

Contractor Solutions Segment$166.3M71%
Specialized Reliability Solutions Segment$38.2M16%
Engineered Building Solutions Segment$28.5M12%

IDA
IDA

Retailrevenues$323.0M90%
Transmissionserviceswheeling$18.6M5%
Energyefficiencyprogramrevenues$11.7M3%
Wholesaleenergysales$10.5M3%
Otherrevenues$9.5M3%

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