vs
Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $233.0M, roughly 1.0× CSW INDUSTRIALS, INC.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 4.4%, a 0.6% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 11.5%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 5.1%).
CSW vs OSW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $242.1M |
| Net Profit | $10.3M | $12.1M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 6.8% |
| Net Margin | 4.4% | 5.0% |
| Revenue YoY | 20.3% | 11.5% |
| Net Profit YoY | -61.9% | -16.2% |
| EPS (diluted) | $0.62 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $277.0M | $258.5M | ||
| Q2 25 | $263.6M | $240.7M | ||
| Q1 25 | $230.5M | $219.6M | ||
| Q4 24 | $193.6M | $217.2M | ||
| Q3 24 | $227.9M | $241.7M | ||
| Q2 24 | $226.2M | $224.9M | ||
| Q1 24 | $210.9M | $211.2M |
| Q4 25 | $10.3M | $12.1M | ||
| Q3 25 | $40.7M | $24.3M | ||
| Q2 25 | $40.9M | $19.9M | ||
| Q1 25 | $35.1M | $15.3M | ||
| Q4 24 | $26.9M | $14.4M | ||
| Q3 24 | $36.1M | $21.6M | ||
| Q2 24 | $38.6M | $15.8M | ||
| Q1 24 | $31.8M | $21.2M |
| 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 24 | 44.4% | — |
| Q4 25 | 7.4% | 6.8% | ||
| Q3 25 | 20.5% | 10.2% | ||
| Q2 25 | 20.8% | 9.2% | ||
| Q1 25 | 19.5% | 7.7% | ||
| Q4 24 | 15.3% | 7.9% | ||
| Q3 24 | 22.6% | 10.3% | ||
| Q2 24 | 24.3% | 8.4% | ||
| Q1 24 | 21.0% | 8.0% |
| Q4 25 | 4.4% | 5.0% | ||
| Q3 25 | 14.7% | 9.4% | ||
| Q2 25 | 15.5% | 8.3% | ||
| Q1 25 | 15.2% | 7.0% | ||
| Q4 24 | 13.9% | 6.6% | ||
| Q3 24 | 15.8% | 8.9% | ||
| Q2 24 | 17.1% | 7.0% | ||
| Q1 24 | 15.1% | 10.0% |
| Q4 25 | $0.62 | $0.12 | ||
| Q3 25 | $2.41 | $0.23 | ||
| Q2 25 | $2.43 | $0.19 | ||
| Q1 25 | $2.05 | $0.15 | ||
| Q4 24 | $1.60 | $0.13 | ||
| Q3 24 | $2.26 | $0.20 | ||
| Q2 24 | $2.47 | $0.15 | ||
| 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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.1B | $542.6M |
| Total Assets | $2.3B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $16.3M | ||
| Q3 25 | $31.5M | $29.6M | ||
| Q2 25 | $38.0M | $35.0M | ||
| Q1 25 | $225.8M | $22.6M | ||
| Q4 24 | $213.8M | $57.4M | ||
| Q3 24 | $273.2M | $48.8M | ||
| Q2 24 | $18.9M | $62.5M | ||
| Q1 24 | $22.2M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | $800.1M | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | $166.0M | $138.6M |
| Q4 25 | $1.1B | $542.6M | ||
| Q3 25 | $1.1B | $552.8M | ||
| Q2 25 | $1.1B | $548.3M | ||
| Q1 25 | $1.1B | $530.6M | ||
| Q4 24 | $1.0B | $554.5M | ||
| Q3 24 | $1.0B | $540.1M | ||
| Q2 24 | $650.2M | $532.7M | ||
| Q1 24 | $615.7M | $515.5M |
| Q4 25 | $2.3B | $707.1M | ||
| Q3 25 | $1.5B | $732.6M | ||
| Q2 25 | $1.5B | $731.8M | ||
| Q1 25 | $1.4B | $708.7M | ||
| Q4 24 | $1.4B | $746.4M | ||
| Q3 24 | $1.4B | $734.0M | ||
| Q2 24 | $1.1B | $756.8M | ||
| Q1 24 | $1.0B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | 0.75× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | 0.27× | 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 | $20.0M |
| Free Cash FlowOCF − Capex | $22.7M | $14.9M |
| FCF MarginFCF / Revenue | 9.8% | 6.2% |
| Capex IntensityCapex / Revenue | 2.6% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.81× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $20.0M | ||
| Q3 25 | $61.8M | $33.2M | ||
| Q2 25 | $60.6M | $20.3M | ||
| Q1 25 | $27.3M | $10.1M | ||
| Q4 24 | $11.6M | $16.6M | ||
| Q3 24 | $66.8M | $28.6M | ||
| Q2 24 | $62.7M | $18.7M | ||
| Q1 24 | $22.4M | $15.0M |
| Q4 25 | $22.7M | $14.9M | ||
| Q3 25 | $58.7M | $27.6M | ||
| Q2 25 | $57.7M | $17.6M | ||
| Q1 25 | $22.8M | $8.4M | ||
| Q4 24 | $8.5M | $13.2M | ||
| Q3 24 | $61.3M | $27.5M | ||
| Q2 24 | $59.6M | $17.6M | ||
| Q1 24 | $17.5M | $13.7M |
| Q4 25 | 9.8% | 6.2% | ||
| Q3 25 | 21.2% | 10.7% | ||
| Q2 25 | 21.9% | 7.3% | ||
| Q1 25 | 9.9% | 3.8% | ||
| Q4 24 | 4.4% | 6.1% | ||
| Q3 24 | 26.9% | 11.4% | ||
| Q2 24 | 26.3% | 7.8% | ||
| Q1 24 | 8.3% | 6.5% |
| Q4 25 | 2.6% | 2.1% | ||
| Q3 25 | 1.1% | 2.2% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 1.6% | 1.5% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 2.3% | 0.6% |
| Q4 25 | 2.81× | 1.65× | ||
| Q3 25 | 1.52× | 1.36× | ||
| Q2 25 | 1.48× | 1.02× | ||
| Q1 25 | 0.78× | 0.66× | ||
| Q4 24 | 0.43× | 1.15× | ||
| Q3 24 | 1.85× | 1.33× | ||
| Q2 24 | 1.62× | 1.19× | ||
| Q1 24 | 0.71× | 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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
