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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $233.0M, roughly 1.4× CSW INDUSTRIALS, INC.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 4.4%, a 1.9% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 20.3%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $22.7M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 5.1%).
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
CSW vs PAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $330.5M |
| Net Profit | $10.3M | $20.7M |
| Gross Margin | 39.7% | 25.4% |
| Operating Margin | 7.4% | 7.3% |
| Net Margin | 4.4% | 6.3% |
| Revenue YoY | 20.3% | 28.1% |
| Net Profit YoY | -61.9% | 57.2% |
| EPS (diluted) | $0.62 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $277.0M | $310.7M | ||
| Q2 25 | $263.6M | $280.1M | ||
| Q1 25 | $230.5M | $275.2M | ||
| Q4 24 | $193.6M | $257.9M | ||
| Q3 24 | $227.9M | $231.6M | ||
| Q2 24 | $226.2M | $197.4M | ||
| Q1 24 | $210.9M | $184.9M |
| Q4 25 | $10.3M | $20.7M | ||
| Q3 25 | $40.7M | $17.7M | ||
| Q2 25 | $40.9M | $14.7M | ||
| Q1 25 | $35.1M | $13.8M | ||
| Q4 24 | $26.9M | $13.1M | ||
| Q3 24 | $36.1M | $14.4M | ||
| Q2 24 | $38.6M | $9.4M | ||
| Q1 24 | $31.8M | $7.2M |
| Q4 25 | 39.7% | 25.4% | ||
| Q3 25 | 43.0% | 24.1% | ||
| Q2 25 | 43.8% | 25.5% | ||
| Q1 25 | 44.2% | 24.0% | ||
| Q4 24 | 41.4% | 25.6% | ||
| Q3 24 | 45.6% | 26.2% | ||
| Q2 24 | 47.5% | 29.8% | ||
| Q1 24 | 44.4% | 28.5% |
| Q4 25 | 7.4% | 7.3% | ||
| Q3 25 | 20.5% | 6.4% | ||
| Q2 25 | 20.8% | 5.7% | ||
| Q1 25 | 19.5% | 5.7% | ||
| Q4 24 | 15.3% | 5.5% | ||
| Q3 24 | 22.6% | 5.2% | ||
| Q2 24 | 24.3% | 5.2% | ||
| Q1 24 | 21.0% | 4.5% |
| Q4 25 | 4.4% | 6.3% | ||
| Q3 25 | 14.7% | 5.7% | ||
| Q2 25 | 15.5% | 5.3% | ||
| Q1 25 | 15.2% | 5.0% | ||
| Q4 24 | 13.9% | 5.1% | ||
| Q3 24 | 15.8% | 6.2% | ||
| Q2 24 | 17.1% | 4.7% | ||
| Q1 24 | 15.1% | 3.9% |
| Q4 25 | $0.62 | $0.16 | ||
| Q3 25 | $2.41 | $0.14 | ||
| Q2 25 | $2.43 | $0.11 | ||
| Q1 25 | $2.05 | $0.11 | ||
| Q4 24 | $1.60 | $0.11 | ||
| Q3 24 | $2.26 | $0.11 | ||
| Q2 24 | $2.47 | $0.07 | ||
| Q1 24 | $2.03 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $560.4M |
| Total Assets | $2.3B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $320.9M | ||
| Q3 25 | $31.5M | $287.9M | ||
| Q2 25 | $38.0M | $266.4M | ||
| Q1 25 | $225.8M | $245.8M | ||
| Q4 24 | $213.8M | $205.9M | ||
| Q3 24 | $273.2M | $187.5M | ||
| Q2 24 | $18.9M | $188.8M | ||
| Q1 24 | $22.2M | $180.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $560.4M | ||
| Q3 25 | $1.1B | $537.4M | ||
| Q2 25 | $1.1B | $516.7M | ||
| Q1 25 | $1.1B | $500.4M | ||
| Q4 24 | $1.0B | $485.6M | ||
| Q3 24 | $1.0B | $468.8M | ||
| Q2 24 | $650.2M | $451.6M | ||
| Q1 24 | $615.7M | $439.4M |
| Q4 25 | $2.3B | $667.9M | ||
| Q3 25 | $1.5B | $644.4M | ||
| Q2 25 | $1.5B | $609.5M | ||
| Q1 25 | $1.4B | $590.9M | ||
| Q4 24 | $1.4B | $576.2M | ||
| Q3 24 | $1.4B | $552.9M | ||
| Q2 24 | $1.1B | $527.7M | ||
| Q1 24 | $1.0B | $514.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | $45.1M |
| Free Cash FlowOCF − Capex | $22.7M | $45.0M |
| FCF MarginFCF / Revenue | 9.8% | 13.6% |
| Capex IntensityCapex / Revenue | 2.6% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $45.1M | ||
| Q3 25 | $61.8M | $35.1M | ||
| Q2 25 | $60.6M | $31.5M | ||
| Q1 25 | $27.3M | $50.4M | ||
| Q4 24 | $11.6M | $27.9M | ||
| Q3 24 | $66.8M | $6.7M | ||
| Q2 24 | $62.7M | $18.0M | ||
| Q1 24 | $22.4M | $11.0M |
| Q4 25 | $22.7M | $45.0M | ||
| Q3 25 | $58.7M | $35.0M | ||
| Q2 25 | $57.7M | $31.4M | ||
| Q1 25 | $22.8M | $50.4M | ||
| Q4 24 | $8.5M | $27.8M | ||
| Q3 24 | $61.3M | $6.7M | ||
| Q2 24 | $59.6M | $17.8M | ||
| Q1 24 | $17.5M | $10.8M |
| Q4 25 | 9.8% | 13.6% | ||
| Q3 25 | 21.2% | 11.3% | ||
| Q2 25 | 21.9% | 11.2% | ||
| Q1 25 | 9.9% | 18.3% | ||
| Q4 24 | 4.4% | 10.8% | ||
| Q3 24 | 26.9% | 2.9% | ||
| Q2 24 | 26.3% | 9.0% | ||
| Q1 24 | 8.3% | 5.9% |
| Q4 25 | 2.6% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 2.0% | 0.0% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 2.4% | 0.0% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 2.3% | 0.1% |
| Q4 25 | 2.81× | 2.18× | ||
| Q3 25 | 1.52× | 1.98× | ||
| Q2 25 | 1.48× | 2.14× | ||
| Q1 25 | 0.78× | 3.65× | ||
| Q4 24 | 0.43× | 2.12× | ||
| Q3 24 | 1.85× | 0.47× | ||
| Q2 24 | 1.62× | 1.93× | ||
| Q1 24 | 0.71× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
