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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $233.0M, roughly 1.1× CSW INDUSTRIALS, INC.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 20.3%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $22.7M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 5.1%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
CSW vs PLMR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $253.4M |
| Net Profit | $10.3M | — |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 28.7% |
| Net Margin | 4.4% | — |
| Revenue YoY | 20.3% | 62.7% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $277.0M | $244.7M | ||
| Q2 25 | $263.6M | $203.3M | ||
| Q1 25 | $230.5M | $174.6M | ||
| Q4 24 | $193.6M | $155.8M | ||
| Q3 24 | $227.9M | $148.5M | ||
| Q2 24 | $226.2M | $131.1M | ||
| Q1 24 | $210.9M | $118.5M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $51.5M | ||
| Q2 25 | $40.9M | $46.5M | ||
| Q1 25 | $35.1M | $42.9M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $30.5M | ||
| Q2 24 | $38.6M | $25.7M | ||
| Q1 24 | $31.8M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 20.5% | 27.4% | ||
| Q2 25 | 20.8% | 29.5% | ||
| Q1 25 | 19.5% | 30.8% | ||
| Q4 24 | 15.3% | 28.9% | ||
| Q3 24 | 22.6% | 25.9% | ||
| Q2 24 | 24.3% | 25.5% | ||
| Q1 24 | 21.0% | 29.0% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 21.0% | ||
| Q2 25 | 15.5% | 22.9% | ||
| Q1 25 | 15.2% | 24.6% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 20.5% | ||
| Q2 24 | 17.1% | 19.6% | ||
| Q1 24 | 15.1% | 22.3% |
| Q4 25 | $0.62 | $2.05 | ||
| Q3 25 | $2.41 | $1.87 | ||
| Q2 25 | $2.43 | $1.68 | ||
| Q1 25 | $2.05 | $1.57 | ||
| Q4 24 | $1.60 | $1.29 | ||
| Q3 24 | $2.26 | $1.15 | ||
| Q2 24 | $2.47 | $1.00 | ||
| Q1 24 | $2.03 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $942.7M |
| Total Assets | $2.3B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $106.9M | ||
| Q3 25 | $31.5M | $111.7M | ||
| Q2 25 | $38.0M | $81.3M | ||
| Q1 25 | $225.8M | $119.3M | ||
| Q4 24 | $213.8M | $80.4M | ||
| Q3 24 | $273.2M | $86.5M | ||
| Q2 24 | $18.9M | $47.8M | ||
| Q1 24 | $22.2M | $61.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $942.7M | ||
| Q3 25 | $1.1B | $878.1M | ||
| Q2 25 | $1.1B | $847.2M | ||
| Q1 25 | $1.1B | $790.4M | ||
| Q4 24 | $1.0B | $729.0M | ||
| Q3 24 | $1.0B | $703.3M | ||
| Q2 24 | $650.2M | $532.6M | ||
| Q1 24 | $615.7M | $501.7M |
| Q4 25 | $2.3B | $3.1B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.0B | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $22.7M | $409.0M |
| FCF MarginFCF / Revenue | 9.8% | 161.4% |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $409.1M | ||
| Q3 25 | $61.8M | $83.6M | ||
| Q2 25 | $60.6M | $120.9M | ||
| Q1 25 | $27.3M | $87.2M | ||
| Q4 24 | $11.6M | $261.2M | ||
| Q3 24 | $66.8M | $100.3M | ||
| Q2 24 | $62.7M | $55.1M | ||
| Q1 24 | $22.4M | $33.1M |
| Q4 25 | $22.7M | $409.0M | ||
| Q3 25 | $58.7M | $83.6M | ||
| Q2 25 | $57.7M | $120.8M | ||
| Q1 25 | $22.8M | $87.1M | ||
| Q4 24 | $8.5M | $260.9M | ||
| Q3 24 | $61.3M | $100.1M | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | — |
| Q4 25 | 9.8% | 161.4% | ||
| Q3 25 | 21.2% | 34.2% | ||
| Q2 25 | 21.9% | 59.4% | ||
| Q1 25 | 9.9% | 49.9% | ||
| Q4 24 | 4.4% | 167.5% | ||
| Q3 24 | 26.9% | 67.4% | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 2.0% | 0.0% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.4% | 0.0% | ||
| Q1 24 | 2.3% | 0.0% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 1.63× | ||
| Q2 25 | 1.48× | 2.60× | ||
| Q1 25 | 0.78× | 2.03× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 3.29× | ||
| Q2 24 | 1.62× | 2.14× | ||
| Q1 24 | 0.71× | 1.26× |
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% |
PLMR
Segment breakdown not available.
