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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $208.9M, roughly 1.1× iRhythm Holdings, Inc.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 2.7%, a 1.7% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 20.3%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 5.1%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
CSW vs IRTC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $208.9M |
| Net Profit | $10.3M | $5.6M |
| Gross Margin | 39.7% | 70.9% |
| Operating Margin | 7.4% | 1.1% |
| Net Margin | 4.4% | 2.7% |
| Revenue YoY | 20.3% | 27.1% |
| Net Profit YoY | -61.9% | 518.5% |
| EPS (diluted) | $0.62 | $0.18 |
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 | $208.9M | ||
| Q3 25 | $277.0M | $192.9M | ||
| Q2 25 | $263.6M | $186.7M | ||
| Q1 25 | $230.5M | $158.7M | ||
| Q4 24 | $193.6M | $164.3M | ||
| Q3 24 | $227.9M | $147.5M | ||
| Q2 24 | $226.2M | $148.0M | ||
| Q1 24 | $210.9M | $131.9M |
| Q4 25 | $10.3M | $5.6M | ||
| Q3 25 | $40.7M | $-5.2M | ||
| Q2 25 | $40.9M | $-14.2M | ||
| Q1 25 | $35.1M | $-30.7M | ||
| Q4 24 | $26.9M | $-1.3M | ||
| Q3 24 | $36.1M | $-46.2M | ||
| Q2 24 | $38.6M | $-20.1M | ||
| Q1 24 | $31.8M | $-45.7M |
| Q4 25 | 39.7% | 70.9% | ||
| Q3 25 | 43.0% | 71.1% | ||
| Q2 25 | 43.8% | 71.2% | ||
| Q1 25 | 44.2% | 68.8% | ||
| Q4 24 | 41.4% | 70.0% | ||
| Q3 24 | 45.6% | 68.8% | ||
| Q2 24 | 47.5% | 69.9% | ||
| Q1 24 | 44.4% | 66.3% |
| Q4 25 | 7.4% | 1.1% | ||
| Q3 25 | 20.5% | -4.4% | ||
| Q2 25 | 20.8% | -10.0% | ||
| Q1 25 | 19.5% | -20.5% | ||
| Q4 24 | 15.3% | -2.5% | ||
| Q3 24 | 22.6% | -34.1% | ||
| Q2 24 | 24.3% | -15.5% | ||
| Q1 24 | 21.0% | -28.9% |
| Q4 25 | 4.4% | 2.7% | ||
| Q3 25 | 14.7% | -2.7% | ||
| Q2 25 | 15.5% | -7.6% | ||
| Q1 25 | 15.2% | -19.3% | ||
| Q4 24 | 13.9% | -0.8% | ||
| Q3 24 | 15.8% | -31.3% | ||
| Q2 24 | 17.1% | -13.6% | ||
| Q1 24 | 15.1% | -34.6% |
| Q4 25 | $0.62 | $0.18 | ||
| Q3 25 | $2.41 | $-0.16 | ||
| Q2 25 | $2.43 | $-0.44 | ||
| Q1 25 | $2.05 | $-0.97 | ||
| Q4 24 | $1.60 | $-0.03 | ||
| Q3 24 | $2.26 | $-1.48 | ||
| Q2 24 | $2.47 | $-0.65 | ||
| Q1 24 | $2.03 | $-1.47 |
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 | $583.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $152.7M |
| Total Assets | $2.3B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $583.8M | ||
| Q3 25 | $31.5M | $565.2M | ||
| Q2 25 | $38.0M | $545.5M | ||
| Q1 25 | $225.8M | $520.6M | ||
| Q4 24 | $213.8M | $535.6M | ||
| Q3 24 | $273.2M | $522.0M | ||
| Q2 24 | $18.9M | $561.5M | ||
| Q1 24 | $22.2M | $569.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $152.7M | ||
| Q3 25 | $1.1B | $121.9M | ||
| Q2 25 | $1.1B | $103.7M | ||
| Q1 25 | $1.1B | $86.7M | ||
| Q4 24 | $1.0B | $90.9M | ||
| Q3 24 | $1.0B | $71.8M | ||
| Q2 24 | $650.2M | $99.2M | ||
| Q1 24 | $615.7M | $90.3M |
| Q4 25 | $2.3B | $1.0B | ||
| Q3 25 | $1.5B | $995.2M | ||
| Q2 25 | $1.5B | $964.0M | ||
| Q1 25 | $1.4B | $926.1M | ||
| Q4 24 | $1.4B | $931.4M | ||
| Q3 24 | $1.4B | $909.7M | ||
| Q2 24 | $1.1B | $919.2M | ||
| Q1 24 | $1.0B | $909.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $22.7M | $14.5M |
| FCF MarginFCF / Revenue | 9.8% | 6.9% |
| Capex IntensityCapex / Revenue | 2.6% | 5.6% |
| Cash ConversionOCF / Net Profit | 2.81× | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $26.2M | ||
| Q3 25 | $61.8M | $34.9M | ||
| Q2 25 | $60.6M | $27.7M | ||
| Q1 25 | $27.3M | $-7.9M | ||
| Q4 24 | $11.6M | $19.2M | ||
| Q3 24 | $66.8M | $24.3M | ||
| Q2 24 | $62.7M | $11.8M | ||
| Q1 24 | $22.4M | $-52.0M |
| Q4 25 | $22.7M | $14.5M | ||
| Q3 25 | $58.7M | $20.1M | ||
| Q2 25 | $57.7M | $17.3M | ||
| Q1 25 | $22.8M | $-17.3M | ||
| Q4 24 | $8.5M | $12.4M | ||
| Q3 24 | $61.3M | $15.5M | ||
| Q2 24 | $59.6M | $3.4M | ||
| Q1 24 | $17.5M | $-61.8M |
| Q4 25 | 9.8% | 6.9% | ||
| Q3 25 | 21.2% | 10.4% | ||
| Q2 25 | 21.9% | 9.3% | ||
| Q1 25 | 9.9% | -10.9% | ||
| Q4 24 | 4.4% | 7.5% | ||
| Q3 24 | 26.9% | 10.5% | ||
| Q2 24 | 26.3% | 2.3% | ||
| Q1 24 | 8.3% | -46.8% |
| Q4 25 | 2.6% | 5.6% | ||
| Q3 25 | 1.1% | 7.7% | ||
| Q2 25 | 1.1% | 5.6% | ||
| Q1 25 | 2.0% | 5.9% | ||
| Q4 24 | 1.6% | 4.2% | ||
| Q3 24 | 2.4% | 6.0% | ||
| Q2 24 | 1.4% | 5.7% | ||
| Q1 24 | 2.3% | 7.4% |
| Q4 25 | 2.81× | 4.70× | ||
| 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% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
