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

CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $141.3M, roughly 1.6× PAMT CORP). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -20.7%, a 25.1% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -15.1%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-25.0M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -12.0%).

CSW vs PAMT — Head-to-Head

Bigger by revenue
CSW
CSW
1.6× larger
CSW
$233.0M
$141.3M
PAMT
Growing faster (revenue YoY)
CSW
CSW
+35.5% gap
CSW
20.3%
-15.1%
PAMT
Higher net margin
CSW
CSW
25.1% more per $
CSW
4.4%
-20.7%
PAMT
More free cash flow
CSW
CSW
$47.7M more FCF
CSW
$22.7M
$-25.0M
PAMT
Faster 2-yr revenue CAGR
CSW
CSW
Annualised
CSW
5.1%
-12.0%
PAMT

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CSW
CSW
PAMT
PAMT
Revenue
$233.0M
$141.3M
Net Profit
$10.3M
$-29.3M
Gross Margin
39.7%
Operating Margin
7.4%
-27.0%
Net Margin
4.4%
-20.7%
Revenue YoY
20.3%
-15.1%
Net Profit YoY
-61.9%
7.4%
EPS (diluted)
$0.62
$-1.38

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
PAMT
PAMT
Q4 25
$233.0M
$141.3M
Q3 25
$277.0M
$150.3M
Q2 25
$263.6M
$151.1M
Q1 25
$230.5M
$155.3M
Q4 24
$193.6M
$166.5M
Q3 24
$227.9M
$182.6M
Q2 24
$226.2M
$182.9M
Q1 24
$210.9M
$182.6M
Net Profit
CSW
CSW
PAMT
PAMT
Q4 25
$10.3M
$-29.3M
Q3 25
$40.7M
$-5.6M
Q2 25
$40.9M
$-9.6M
Q1 25
$35.1M
$-8.1M
Q4 24
$26.9M
$-31.6M
Q3 24
$36.1M
$2.4M
Q2 24
$38.6M
$-2.9M
Q1 24
$31.8M
$281.0K
Gross Margin
CSW
CSW
PAMT
PAMT
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%
Operating Margin
CSW
CSW
PAMT
PAMT
Q4 25
7.4%
-27.0%
Q3 25
20.5%
-3.8%
Q2 25
20.8%
-7.3%
Q1 25
19.5%
-5.9%
Q4 24
15.3%
-22.6%
Q3 24
22.6%
1.3%
Q2 24
24.3%
-0.4%
Q1 24
21.0%
-0.4%
Net Margin
CSW
CSW
PAMT
PAMT
Q4 25
4.4%
-20.7%
Q3 25
14.7%
-3.7%
Q2 25
15.5%
-6.4%
Q1 25
15.2%
-5.2%
Q4 24
13.9%
-19.0%
Q3 24
15.8%
1.3%
Q2 24
17.1%
-1.6%
Q1 24
15.1%
0.2%
EPS (diluted)
CSW
CSW
PAMT
PAMT
Q4 25
$0.62
$-1.38
Q3 25
$2.41
$-0.27
Q2 25
$2.43
$-0.46
Q1 25
$2.05
$-0.37
Q4 24
$1.60
$-1.44
Q3 24
$2.26
$0.11
Q2 24
$2.47
$-0.13
Q1 24
$2.03
$0.01

Balance Sheet & Financial Strength

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

Metric
CSW
CSW
PAMT
PAMT
Cash + ST InvestmentsLiquidity on hand
$40.2M
$83.7M
Total DebtLower is stronger
$333.9M
Stockholders' EquityBook value
$1.1B
$210.5M
Total Assets
$2.3B
$697.9M
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
PAMT
PAMT
Q4 25
$40.2M
$83.7M
Q3 25
$31.5M
$115.6M
Q2 25
$38.0M
$117.3M
Q1 25
$225.8M
$102.7M
Q4 24
$213.8M
$110.7M
Q3 24
$273.2M
$92.3M
Q2 24
$18.9M
$114.0M
Q1 24
$22.2M
$125.8M
Total Debt
CSW
CSW
PAMT
PAMT
Q4 25
$333.9M
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
$325.6M
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
CSW
CSW
PAMT
PAMT
Q4 25
$1.1B
$210.5M
Q3 25
$1.1B
$239.5M
Q2 25
$1.1B
$244.9M
Q1 25
$1.1B
$269.6M
Q4 24
$1.0B
$277.5M
Q3 24
$1.0B
$308.9M
Q2 24
$650.2M
$306.7M
Q1 24
$615.7M
$314.6M
Total Assets
CSW
CSW
PAMT
PAMT
Q4 25
$2.3B
$697.9M
Q3 25
$1.5B
$715.2M
Q2 25
$1.5B
$707.9M
Q1 25
$1.4B
$712.6M
Q4 24
$1.4B
$741.7M
Q3 24
$1.4B
$756.7M
Q2 24
$1.1B
$733.5M
Q1 24
$1.0B
$746.4M
Debt / Equity
CSW
CSW
PAMT
PAMT
Q4 25
1.59×
Q3 25
Q2 25
Q1 25
0.75×
Q4 24
1.17×
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
CSW
CSW
PAMT
PAMT
Operating Cash FlowLast quarter
$28.9M
$-5.8M
Free Cash FlowOCF − Capex
$22.7M
$-25.0M
FCF MarginFCF / Revenue
9.8%
-17.7%
Capex IntensityCapex / Revenue
2.6%
13.6%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
PAMT
PAMT
Q4 25
$28.9M
$-5.8M
Q3 25
$61.8M
$5.9M
Q2 25
$60.6M
$12.2M
Q1 25
$27.3M
$5.0M
Q4 24
$11.6M
$15.2M
Q3 24
$66.8M
$15.5M
Q2 24
$62.7M
$18.7M
Q1 24
$22.4M
$9.6M
Free Cash Flow
CSW
CSW
PAMT
PAMT
Q4 25
$22.7M
$-25.0M
Q3 25
$58.7M
$2.5M
Q2 25
$57.7M
$5.9M
Q1 25
$22.8M
$-6.8M
Q4 24
$8.5M
$-39.9M
Q3 24
$61.3M
$-33.6M
Q2 24
$59.6M
$4.1M
Q1 24
$17.5M
$-12.2M
FCF Margin
CSW
CSW
PAMT
PAMT
Q4 25
9.8%
-17.7%
Q3 25
21.2%
1.7%
Q2 25
21.9%
3.9%
Q1 25
9.9%
-4.4%
Q4 24
4.4%
-24.0%
Q3 24
26.9%
-18.4%
Q2 24
26.3%
2.2%
Q1 24
8.3%
-6.7%
Capex Intensity
CSW
CSW
PAMT
PAMT
Q4 25
2.6%
13.6%
Q3 25
1.1%
2.3%
Q2 25
1.1%
4.2%
Q1 25
2.0%
7.6%
Q4 24
1.6%
33.1%
Q3 24
2.4%
26.9%
Q2 24
1.4%
8.0%
Q1 24
2.3%
12.0%
Cash Conversion
CSW
CSW
PAMT
PAMT
Q4 25
2.81×
Q3 25
1.52×
Q2 25
1.48×
Q1 25
0.78×
Q4 24
0.43×
Q3 24
1.85×
6.44×
Q2 24
1.62×
Q1 24
0.71×
34.11×

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%

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

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