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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and NNN REIT, INC. (NNN). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $233.0M, roughly 1.0× CSW INDUSTRIALS, INC.). NNN REIT, INC. runs the higher net margin — 39.1% vs 4.4%, a 34.7% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 4.1%). Over the past eight quarters, NNN REIT, INC.'s revenue compounded faster (5.3% CAGR vs 5.1%).
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
CSW vs NNN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $240.4M |
| Net Profit | $10.3M | $94.0M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 61.0% |
| Net Margin | 4.4% | 39.1% |
| Revenue YoY | 20.3% | 4.1% |
| Net Profit YoY | -61.9% | -2.6% |
| EPS (diluted) | $0.62 | $0.50 |
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.
| Q1 26 | — | $240.4M | ||
| Q4 25 | $233.0M | $238.4M | ||
| Q3 25 | $277.0M | $230.2M | ||
| Q2 25 | $263.6M | $226.8M | ||
| Q1 25 | $230.5M | $230.9M | ||
| Q4 24 | $193.6M | $218.5M | ||
| Q3 24 | $227.9M | $218.6M | ||
| Q2 24 | $226.2M | $216.8M |
| Q1 26 | — | $94.0M | ||
| Q4 25 | $10.3M | $96.0M | ||
| Q3 25 | $40.7M | $96.8M | ||
| Q2 25 | $40.9M | $100.5M | ||
| Q1 25 | $35.1M | $96.5M | ||
| Q4 24 | $26.9M | $97.9M | ||
| Q3 24 | $36.1M | $97.9M | ||
| Q2 24 | $38.6M | $106.7M |
| Q1 26 | — | — | ||
| 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 26 | — | 61.0% | ||
| Q4 25 | 7.4% | 62.3% | ||
| Q3 25 | 20.5% | 64.0% | ||
| Q2 25 | 20.8% | 66.0% | ||
| Q1 25 | 19.5% | 62.3% | ||
| Q4 24 | 15.3% | 65.8% | ||
| Q3 24 | 22.6% | 65.7% | ||
| Q2 24 | 24.3% | 70.2% |
| Q1 26 | — | 39.1% | ||
| Q4 25 | 4.4% | 40.2% | ||
| Q3 25 | 14.7% | 42.1% | ||
| Q2 25 | 15.5% | 44.3% | ||
| Q1 25 | 15.2% | 41.8% | ||
| Q4 24 | 13.9% | 44.8% | ||
| Q3 24 | 15.8% | 44.8% | ||
| Q2 24 | 17.1% | 49.2% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.62 | $0.51 | ||
| Q3 25 | $2.41 | $0.51 | ||
| Q2 25 | $2.43 | $0.54 | ||
| Q1 25 | $2.05 | $0.51 | ||
| Q4 24 | $1.60 | $0.52 | ||
| Q3 24 | $2.26 | $0.53 | ||
| Q2 24 | $2.47 | $0.58 |
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 | $4.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $4.4B |
| Total Assets | $2.3B | $9.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.6M | ||
| Q4 25 | $40.2M | $5.0M | ||
| Q3 25 | $31.5M | $157.9M | ||
| Q2 25 | $38.0M | $6.0M | ||
| Q1 25 | $225.8M | $5.1M | ||
| Q4 24 | $213.8M | $8.7M | ||
| Q3 24 | $273.2M | $173.5M | ||
| Q2 24 | $18.9M | $2.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.1B | $4.4B | ||
| Q2 25 | $1.1B | $4.4B | ||
| Q1 25 | $1.1B | $4.4B | ||
| Q4 24 | $1.0B | $4.4B | ||
| Q3 24 | $1.0B | $4.4B | ||
| Q2 24 | $650.2M | $4.2B |
| Q1 26 | — | $9.4B | ||
| Q4 25 | $2.3B | $9.4B | ||
| Q3 25 | $1.5B | $9.5B | ||
| Q2 25 | $1.5B | $9.1B | ||
| Q1 25 | $1.4B | $9.0B | ||
| Q4 24 | $1.4B | $8.9B | ||
| Q3 24 | $1.4B | $8.9B | ||
| Q2 24 | $1.1B | $8.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $667.1M | ||
| Q3 25 | $61.8M | $218.3M | ||
| Q2 25 | $60.6M | $119.4M | ||
| Q1 25 | $27.3M | $203.3M | ||
| Q4 24 | $11.6M | $635.5M | ||
| Q3 24 | $66.8M | $206.6M | ||
| Q2 24 | $62.7M | $120.5M |
| Q1 26 | — | — | ||
| 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 | — |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 6.95× | ||
| Q3 25 | 1.52× | 2.25× | ||
| Q2 25 | 1.48× | 1.19× | ||
| Q1 25 | 0.78× | 2.11× | ||
| Q4 24 | 0.43× | 6.49× | ||
| Q3 24 | 1.85× | 2.11× | ||
| Q2 24 | 1.62× | 1.13× |
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% |
NNN
Segment breakdown not available.
