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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Innovex International, Inc. (INVX). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). Innovex International, Inc. runs the higher net margin — 5.1% vs 4.4%, a 0.7% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 5.1%).
CSW vs INVX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $273.6M |
| Net Profit | $10.3M | $14.0M |
| Gross Margin | 39.7% | 28.9% |
| Operating Margin | 7.4% | 9.4% |
| Net Margin | 4.4% | 5.1% |
| Revenue YoY | 20.3% | 9.1% |
| Net Profit YoY | -61.9% | -56.1% |
| EPS (diluted) | $0.62 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $277.0M | $240.0M | ||
| Q2 25 | $263.6M | $224.2M | ||
| Q1 25 | $230.5M | $240.4M | ||
| Q4 24 | $193.6M | $250.7M | ||
| Q3 24 | $227.9M | $151.8M | ||
| Q2 24 | $226.2M | $130.3M | ||
| Q1 24 | $210.9M | $128.0M |
| Q4 25 | $10.3M | $14.0M | ||
| Q3 25 | $40.7M | $39.2M | ||
| Q2 25 | $40.9M | $15.3M | ||
| Q1 25 | $35.1M | $14.8M | ||
| Q4 24 | $26.9M | $31.8M | ||
| Q3 24 | $36.1M | $82.6M | ||
| Q2 24 | $38.6M | $9.5M | ||
| Q1 24 | $31.8M | $16.4M |
| Q4 25 | 39.7% | 28.9% | ||
| Q3 25 | 43.0% | 31.6% | ||
| Q2 25 | 43.8% | 32.0% | ||
| Q1 25 | 44.2% | 31.8% | ||
| Q4 24 | 41.4% | 33.9% | ||
| Q3 24 | 45.6% | 34.7% | ||
| Q2 24 | 47.5% | 35.3% | ||
| Q1 24 | 44.4% | 38.4% |
| Q4 25 | 7.4% | 9.4% | ||
| Q3 25 | 20.5% | 26.0% | ||
| Q2 25 | 20.8% | 10.1% | ||
| Q1 25 | 19.5% | 9.1% | ||
| Q4 24 | 15.3% | 10.7% | ||
| Q3 24 | 22.6% | -8.7% | ||
| Q2 24 | 24.3% | 10.0% | ||
| Q1 24 | 21.0% | 17.4% |
| Q4 25 | 4.4% | 5.1% | ||
| Q3 25 | 14.7% | 16.3% | ||
| Q2 25 | 15.5% | 6.8% | ||
| Q1 25 | 15.2% | 6.1% | ||
| Q4 24 | 13.9% | 12.7% | ||
| Q3 24 | 15.8% | 54.4% | ||
| Q2 24 | 17.1% | 7.3% | ||
| Q1 24 | 15.1% | 12.8% |
| Q4 25 | $0.62 | $0.20 | ||
| Q3 25 | $2.41 | $0.57 | ||
| Q2 25 | $2.43 | $0.22 | ||
| Q1 25 | $2.05 | $0.21 | ||
| Q4 24 | $1.60 | $-0.03 | ||
| Q3 24 | $2.26 | $1.99 | ||
| Q2 24 | $2.47 | $0.30 | ||
| Q1 24 | $2.03 | $0.51 |
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 | — | $18.9M |
| Stockholders' EquityBook value | $1.1B | $1.1B |
| Total Assets | $2.3B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.02× |
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 | $185.6M | ||
| Q1 24 | $22.2M | $202.2M |
| Q4 25 | — | $18.9M | ||
| Q3 25 | — | $20.1M | ||
| Q2 25 | — | $34.8M | ||
| Q1 25 | $800.1M | $19.7M | ||
| Q4 24 | — | $24.9M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $995.6M | ||
| Q1 25 | $1.1B | $978.4M | ||
| Q4 24 | $1.0B | $958.2M | ||
| Q3 24 | $1.0B | $904.4M | ||
| Q2 24 | $650.2M | $352.5M | ||
| Q1 24 | $615.7M | $344.3M |
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.0B | $1.0B |
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | 0.75× | 0.02× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.01× | ||
| 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 | $52.2M |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $52.2M | ||
| Q3 25 | $61.8M | $48.4M | ||
| Q2 25 | $60.6M | $59.2M | ||
| Q1 25 | $27.3M | $31.1M | ||
| Q4 24 | $11.6M | $36.3M | ||
| Q3 24 | $66.8M | $21.7M | ||
| Q2 24 | $62.7M | $22.8M | ||
| Q1 24 | $22.4M | $12.6M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $59.6M | $16.6M | ||
| Q1 24 | $17.5M | $7.8M |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 26.3% | 12.7% | ||
| Q1 24 | 8.3% | 6.1% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.4% | 4.7% | ||
| Q1 24 | 2.3% | 3.7% |
| Q4 25 | 2.81× | 3.74× | ||
| Q3 25 | 1.52× | 1.23× | ||
| Q2 25 | 1.48× | 3.86× | ||
| Q1 25 | 0.78× | 2.11× | ||
| Q4 24 | 0.43× | 1.14× | ||
| Q3 24 | 1.85× | 0.26× | ||
| Q2 24 | 1.62× | 2.39× | ||
| Q1 24 | 0.71× | 0.77× |
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% |
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
