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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). IDEX Corporation runs the higher net margin — 30.1% vs 4.4%, a 25.7% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 16.7%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -29.4%).
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
CSW vs IEX — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $398.4M |
| Net Profit | $10.3M | $120.0M |
| Gross Margin | 39.7% | 99.9% |
| Operating Margin | 7.4% | 43.3% |
| Net Margin | 4.4% | 30.1% |
| Revenue YoY | 20.3% | 16.7% |
| Net Profit YoY | -61.9% | 25.7% |
| EPS (diluted) | $0.62 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | — | $407.7M | ||
| Q4 25 | $233.0M | $899.1M | ||
| Q3 25 | $277.0M | $878.7M | ||
| Q2 25 | $263.6M | $865.4M | ||
| Q1 25 | $230.5M | $814.3M | ||
| Q4 24 | $193.6M | $862.9M | ||
| Q3 24 | $227.9M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $10.3M | $128.3M | ||
| Q3 25 | $40.7M | $127.8M | ||
| Q2 25 | $40.9M | $131.6M | ||
| Q1 25 | $35.1M | $95.5M | ||
| Q4 24 | $26.9M | $123.2M | ||
| Q3 24 | $36.1M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | 39.7% | 43.1% | ||
| Q3 25 | 43.0% | 44.5% | ||
| Q2 25 | 43.8% | 45.3% | ||
| Q1 25 | 44.2% | 45.3% | ||
| Q4 24 | 41.4% | 42.5% | ||
| Q3 24 | 45.6% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 7.4% | 20.4% | ||
| Q3 25 | 20.5% | 21.1% | ||
| Q2 25 | 20.8% | 21.7% | ||
| Q1 25 | 19.5% | 17.4% | ||
| Q4 24 | 15.3% | 19.2% | ||
| Q3 24 | 22.6% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | 4.4% | 14.3% | ||
| Q3 25 | 14.7% | 14.5% | ||
| Q2 25 | 15.5% | 15.2% | ||
| Q1 25 | 15.2% | 11.7% | ||
| Q4 24 | 13.9% | 14.3% | ||
| Q3 24 | 15.8% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $0.62 | $1.71 | ||
| Q3 25 | $2.41 | $1.70 | ||
| Q2 25 | $2.43 | $1.74 | ||
| Q1 25 | $2.05 | $1.26 | ||
| Q4 24 | $1.60 | $1.61 | ||
| Q3 24 | $2.26 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $4.0B |
| Total Assets | $2.3B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $40.2M | $580.0M | ||
| Q3 25 | $31.5M | $593.8M | ||
| Q2 25 | $38.0M | $568.2M | ||
| Q1 25 | $225.8M | $594.1M | ||
| Q4 24 | $213.8M | $620.8M | ||
| Q3 24 | $273.2M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $800.1M | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.1B | $4.0B | ||
| Q3 25 | $1.1B | $4.0B | ||
| Q2 25 | $1.1B | $4.0B | ||
| Q1 25 | $1.1B | $3.9B | ||
| Q4 24 | $1.0B | $3.8B | ||
| Q3 24 | $1.0B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.3B | $6.9B | ||
| Q3 25 | $1.5B | $7.0B | ||
| Q2 25 | $1.5B | $6.9B | ||
| Q1 25 | $1.4B | $6.8B | ||
| Q4 24 | $1.4B | $6.7B | ||
| Q3 24 | $1.4B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | 0.75× | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | $86.0M |
| FCF MarginFCF / Revenue | 9.8% | 21.6% |
| Capex IntensityCapex / Revenue | 2.6% | 4.4% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $209.5M | ||
| Q3 25 | $61.8M | $203.5M | ||
| Q2 25 | $60.6M | $161.7M | ||
| Q1 25 | $27.3M | $105.7M | ||
| Q4 24 | $11.6M | $172.6M | ||
| Q3 24 | $66.8M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $22.7M | $189.8M | ||
| Q3 25 | $58.7M | $188.7M | ||
| Q2 25 | $57.7M | $146.9M | ||
| Q1 25 | $22.8M | $91.4M | ||
| Q4 24 | $8.5M | $157.1M | ||
| Q3 24 | $61.3M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 9.8% | 21.1% | ||
| Q3 25 | 21.2% | 21.5% | ||
| Q2 25 | 21.9% | 17.0% | ||
| Q1 25 | 9.9% | 11.2% | ||
| Q4 24 | 4.4% | 18.2% | ||
| Q3 24 | 26.9% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 2.6% | 2.2% | ||
| Q3 25 | 1.1% | 1.7% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 2.0% | 1.8% | ||
| Q4 24 | 1.6% | 1.8% | ||
| Q3 24 | 2.4% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 1.63× | ||
| Q3 25 | 1.52× | 1.59× | ||
| Q2 25 | 1.48× | 1.23× | ||
| Q1 25 | 0.78× | 1.11× | ||
| Q4 24 | 0.43× | 1.40× | ||
| Q3 24 | 1.85× | 1.72× |
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% |
IEX
Segment breakdown not available.
