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

LivaNova PLC is the larger business by last-quarter revenue ($360.9M vs $233.0M, roughly 1.5× CSW INDUSTRIALS, INC.). LivaNova PLC runs the higher net margin — 8.6% vs 4.4%, a 4.2% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 12.1%). LivaNova PLC produced more free cash flow last quarter ($50.2M vs $22.7M). Over the past eight quarters, LivaNova PLC's revenue compounded faster (10.6% CAGR vs 5.1%).

LivaNova, plc is an American medical device manufacturer based in the UK. The company develops devices used for cardiac surgery and neuromodulation. The company was formed in 2015 by a $2.7B merger between Houston, Texas-based Cyberonics, Inc. and Milan, Italy-based Sorin S.p.a. The company trades on the NASDAQ stock exchange under the ticker symbol "LIVN".

CSW vs LIVN — Head-to-Head

Bigger by revenue
LIVN
LIVN
1.5× larger
LIVN
$360.9M
$233.0M
CSW
Growing faster (revenue YoY)
CSW
CSW
+8.2% gap
CSW
20.3%
12.1%
LIVN
Higher net margin
LIVN
LIVN
4.2% more per $
LIVN
8.6%
4.4%
CSW
More free cash flow
LIVN
LIVN
$27.4M more FCF
LIVN
$50.2M
$22.7M
CSW
Faster 2-yr revenue CAGR
LIVN
LIVN
Annualised
LIVN
10.6%
5.1%
CSW

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CSW
CSW
LIVN
LIVN
Revenue
$233.0M
$360.9M
Net Profit
$10.3M
$30.9M
Gross Margin
39.7%
65.2%
Operating Margin
7.4%
11.8%
Net Margin
4.4%
8.6%
Revenue YoY
20.3%
12.1%
Net Profit YoY
-61.9%
-44.7%
EPS (diluted)
$0.62
$0.57

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
LIVN
LIVN
Q4 25
$233.0M
$360.9M
Q3 25
$277.0M
$357.8M
Q2 25
$263.6M
$352.5M
Q1 25
$230.5M
$316.9M
Q4 24
$193.6M
$321.8M
Q3 24
$227.9M
$318.1M
Q2 24
$226.2M
$318.6M
Q1 24
$210.9M
$294.9M
Net Profit
CSW
CSW
LIVN
LIVN
Q4 25
$10.3M
$30.9M
Q3 25
$40.7M
$26.8M
Q2 25
$40.9M
$27.2M
Q1 25
$35.1M
$-327.3M
Q4 24
$26.9M
$55.9M
Q3 24
$36.1M
$33.0M
Q2 24
$38.6M
$16.3M
Q1 24
$31.8M
$-41.9M
Gross Margin
CSW
CSW
LIVN
LIVN
Q4 25
39.7%
65.2%
Q3 25
43.0%
68.4%
Q2 25
43.8%
67.8%
Q1 25
44.2%
69.7%
Q4 24
41.4%
68.2%
Q3 24
45.6%
70.8%
Q2 24
47.5%
68.7%
Q1 24
44.4%
70.3%
Operating Margin
CSW
CSW
LIVN
LIVN
Q4 25
7.4%
11.8%
Q3 25
20.5%
15.1%
Q2 25
20.8%
15.4%
Q1 25
19.5%
15.3%
Q4 24
15.3%
11.5%
Q3 24
22.6%
11.2%
Q2 24
24.3%
12.6%
Q1 24
21.0%
5.5%
Net Margin
CSW
CSW
LIVN
LIVN
Q4 25
4.4%
8.6%
Q3 25
14.7%
7.5%
Q2 25
15.5%
7.7%
Q1 25
15.2%
-103.3%
Q4 24
13.9%
17.4%
Q3 24
15.8%
10.4%
Q2 24
17.1%
5.1%
Q1 24
15.1%
-14.2%
EPS (diluted)
CSW
CSW
LIVN
LIVN
Q4 25
$0.62
$0.57
Q3 25
$2.41
$0.49
Q2 25
$2.43
$0.50
Q1 25
$2.05
$-6.01
Q4 24
$1.60
$1.04
Q3 24
$2.26
$0.60
Q2 24
$2.47
$0.30
Q1 24
$2.03
$-0.78

Balance Sheet & Financial Strength

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

Metric
CSW
CSW
LIVN
LIVN
Cash + ST InvestmentsLiquidity on hand
$40.2M
$635.6M
Total DebtLower is stronger
$376.1M
Stockholders' EquityBook value
$1.1B
$1.2B
Total Assets
$2.3B
$2.6B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
LIVN
LIVN
Q4 25
$40.2M
$635.6M
Q3 25
$31.5M
$646.1M
Q2 25
$38.0M
$593.6M
Q1 25
$225.8M
$738.4M
Q4 24
$213.8M
$428.9M
Q3 24
$273.2M
$346.4M
Q2 24
$18.9M
$329.2M
Q1 24
$22.2M
$309.2M
Total Debt
CSW
CSW
LIVN
LIVN
Q4 25
$376.1M
Q3 25
$434.5M
Q2 25
$430.6M
Q1 25
$800.1M
$628.2M
Q4 24
$627.0M
Q3 24
$625.5M
Q2 24
$624.5M
Q1 24
$166.0M
$623.8M
Stockholders' Equity
CSW
CSW
LIVN
LIVN
Q4 25
$1.1B
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$1.1B
$1.1B
Q1 25
$1.1B
$1.0B
Q4 24
$1.0B
$1.3B
Q3 24
$1.0B
$1.3B
Q2 24
$650.2M
$1.2B
Q1 24
$615.7M
$1.2B
Total Assets
CSW
CSW
LIVN
LIVN
Q4 25
$2.3B
$2.6B
Q3 25
$1.5B
$2.6B
Q2 25
$1.5B
$2.5B
Q1 25
$1.4B
$2.6B
Q4 24
$1.4B
$2.5B
Q3 24
$1.4B
$2.5B
Q2 24
$1.1B
$2.5B
Q1 24
$1.0B
$2.5B
Debt / Equity
CSW
CSW
LIVN
LIVN
Q4 25
0.31×
Q3 25
0.38×
Q2 25
0.38×
Q1 25
0.75×
0.61×
Q4 24
0.47×
Q3 24
0.48×
Q2 24
0.50×
Q1 24
0.27×
0.51×

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
LIVN
LIVN
Operating Cash FlowLast quarter
$28.9M
$82.4M
Free Cash FlowOCF − Capex
$22.7M
$50.2M
FCF MarginFCF / Revenue
9.8%
13.9%
Capex IntensityCapex / Revenue
2.6%
8.9%
Cash ConversionOCF / Net Profit
2.81×
2.67×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$173.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
LIVN
LIVN
Q4 25
$28.9M
$82.4M
Q3 25
$61.8M
$85.1M
Q2 25
$60.6M
$62.9M
Q1 25
$27.3M
$24.0M
Q4 24
$11.6M
$78.7M
Q3 24
$66.8M
$51.0M
Q2 24
$62.7M
$43.4M
Q1 24
$22.4M
$10.0M
Free Cash Flow
CSW
CSW
LIVN
LIVN
Q4 25
$22.7M
$50.2M
Q3 25
$58.7M
$62.2M
Q2 25
$57.7M
$47.8M
Q1 25
$22.8M
$13.2M
Q4 24
$8.5M
$68.3M
Q3 24
$61.3M
$32.8M
Q2 24
$59.6M
$31.2M
Q1 24
$17.5M
$3.6M
FCF Margin
CSW
CSW
LIVN
LIVN
Q4 25
9.8%
13.9%
Q3 25
21.2%
17.4%
Q2 25
21.9%
13.6%
Q1 25
9.9%
4.2%
Q4 24
4.4%
21.2%
Q3 24
26.9%
10.3%
Q2 24
26.3%
9.8%
Q1 24
8.3%
1.2%
Capex Intensity
CSW
CSW
LIVN
LIVN
Q4 25
2.6%
8.9%
Q3 25
1.1%
6.4%
Q2 25
1.1%
4.3%
Q1 25
2.0%
3.4%
Q4 24
1.6%
3.2%
Q3 24
2.4%
5.7%
Q2 24
1.4%
3.8%
Q1 24
2.3%
2.2%
Cash Conversion
CSW
CSW
LIVN
LIVN
Q4 25
2.81×
2.67×
Q3 25
1.52×
3.18×
Q2 25
1.48×
2.32×
Q1 25
0.78×
Q4 24
0.43×
1.41×
Q3 24
1.85×
1.55×
Q2 24
1.62×
2.65×
Q1 24
0.71×

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%

LIVN
LIVN

Other$169.4M47%
Neuromodulation Segment$119.7M33%
Cardiopulmonary Segment$71.8M20%

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