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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $178.5M, roughly 1.3× OIL STATES INTERNATIONAL, INC). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -65.7%, a 70.1% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 8.4%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 3.3%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
CSW vs OIS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $178.5M |
| Net Profit | $10.3M | $-117.2M |
| Gross Margin | 39.7% | 10.9% |
| Operating Margin | 7.4% | -63.7% |
| Net Margin | 4.4% | -65.7% |
| Revenue YoY | 20.3% | 8.4% |
| Net Profit YoY | -61.9% | -873.2% |
| EPS (diluted) | $0.62 | $-1.99 |
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 | $178.5M | ||
| Q3 25 | $277.0M | $165.2M | ||
| Q2 25 | $263.6M | $165.4M | ||
| Q1 25 | $230.5M | $159.9M | ||
| Q4 24 | $193.6M | $164.6M | ||
| Q3 24 | $227.9M | $174.3M | ||
| Q2 24 | $226.2M | $186.4M | ||
| Q1 24 | $210.9M | $167.3M |
| Q4 25 | $10.3M | $-117.2M | ||
| Q3 25 | $40.7M | $1.9M | ||
| Q2 25 | $40.9M | $2.8M | ||
| Q1 25 | $35.1M | $3.2M | ||
| Q4 24 | $26.9M | $15.2M | ||
| Q3 24 | $36.1M | $-14.3M | ||
| Q2 24 | $38.6M | $1.3M | ||
| Q1 24 | $31.8M | $-13.4M |
| Q4 25 | 39.7% | 10.9% | ||
| Q3 25 | 43.0% | 22.1% | ||
| Q2 25 | 43.8% | 24.2% | ||
| Q1 25 | 44.2% | 23.3% | ||
| Q4 24 | 41.4% | 23.7% | ||
| Q3 24 | 45.6% | 21.7% | ||
| Q2 24 | 47.5% | 23.8% | ||
| Q1 24 | 44.4% | 21.1% |
| Q4 25 | 7.4% | -63.7% | ||
| Q3 25 | 20.5% | 2.9% | ||
| Q2 25 | 20.8% | 3.2% | ||
| Q1 25 | 19.5% | 3.5% | ||
| Q4 24 | 15.3% | 11.2% | ||
| Q3 24 | 22.6% | -6.3% | ||
| Q2 24 | 24.3% | 1.1% | ||
| Q1 24 | 21.0% | -6.7% |
| Q4 25 | 4.4% | -65.7% | ||
| Q3 25 | 14.7% | 1.2% | ||
| Q2 25 | 15.5% | 1.7% | ||
| Q1 25 | 15.2% | 2.0% | ||
| Q4 24 | 13.9% | 9.2% | ||
| Q3 24 | 15.8% | -8.2% | ||
| Q2 24 | 17.1% | 0.7% | ||
| Q1 24 | 15.1% | -8.0% |
| Q4 25 | $0.62 | $-1.99 | ||
| Q3 25 | $2.41 | $0.03 | ||
| Q2 25 | $2.43 | $0.05 | ||
| Q1 25 | $2.05 | $0.05 | ||
| Q4 24 | $1.60 | $0.24 | ||
| Q3 24 | $2.26 | $-0.23 | ||
| Q2 24 | $2.47 | $0.02 | ||
| Q1 24 | $2.03 | $-0.21 |
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 | $69.9M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $1.1B | $573.2M |
| Total Assets | $2.3B | $883.4M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $69.9M | ||
| Q3 25 | $31.5M | $67.1M | ||
| Q2 25 | $38.0M | $53.9M | ||
| Q1 25 | $225.8M | $66.8M | ||
| Q4 24 | $213.8M | $65.4M | ||
| Q3 24 | $273.2M | $46.0M | ||
| Q2 24 | $18.9M | $25.2M | ||
| Q1 24 | $22.2M | $24.1M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | $800.1M | $124.7M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | — | $124.3M | ||
| Q1 24 | $166.0M | $135.6M |
| Q4 25 | $1.1B | $573.2M | ||
| Q3 25 | $1.1B | $689.0M | ||
| Q2 25 | $1.1B | $690.6M | ||
| Q1 25 | $1.1B | $683.4M | ||
| Q4 24 | $1.0B | $680.7M | ||
| Q3 24 | $1.0B | $684.8M | ||
| Q2 24 | $650.2M | $690.4M | ||
| Q1 24 | $615.7M | $692.3M |
| Q4 25 | $2.3B | $883.4M | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $993.7M | ||
| Q1 25 | $1.4B | $990.7M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $994.1M | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.0B | $1.0B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 0.75× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | 0.27× | 0.20× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $22.7M | $47.1M |
| FCF MarginFCF / Revenue | 9.8% | 26.4% |
| Capex IntensityCapex / Revenue | 2.6% | 1.7% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $50.1M | ||
| Q3 25 | $61.8M | $30.7M | ||
| Q2 25 | $60.6M | $15.0M | ||
| Q1 25 | $27.3M | $9.3M | ||
| Q4 24 | $11.6M | $18.2M | ||
| Q3 24 | $66.8M | $28.8M | ||
| Q2 24 | $62.7M | $10.2M | ||
| Q1 24 | $22.4M | $-11.4M |
| Q4 25 | $22.7M | $47.1M | ||
| Q3 25 | $58.7M | $22.0M | ||
| Q2 25 | $57.7M | $4.7M | ||
| Q1 25 | $22.8M | $137.0K | ||
| Q4 24 | $8.5M | $4.0M | ||
| Q3 24 | $61.3M | $21.4M | ||
| Q2 24 | $59.6M | $4.5M | ||
| Q1 24 | $17.5M | $-21.5M |
| Q4 25 | 9.8% | 26.4% | ||
| Q3 25 | 21.2% | 13.3% | ||
| Q2 25 | 21.9% | 2.8% | ||
| Q1 25 | 9.9% | 0.1% | ||
| Q4 24 | 4.4% | 2.4% | ||
| Q3 24 | 26.9% | 12.3% | ||
| Q2 24 | 26.3% | 2.4% | ||
| Q1 24 | 8.3% | -12.8% |
| Q4 25 | 2.6% | 1.7% | ||
| Q3 25 | 1.1% | 5.3% | ||
| Q2 25 | 1.1% | 6.2% | ||
| Q1 25 | 2.0% | 5.7% | ||
| Q4 24 | 1.6% | 8.6% | ||
| Q3 24 | 2.4% | 4.3% | ||
| Q2 24 | 1.4% | 3.1% | ||
| Q1 24 | 2.3% | 6.0% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 16.15× | ||
| Q2 25 | 1.48× | 5.33× | ||
| Q1 25 | 0.78× | 2.94× | ||
| Q4 24 | 0.43× | 1.20× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | 7.87× | ||
| 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% |
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
