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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $153.1M, roughly 1.5× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 4.4%, a 0.4% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 20.3%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $22.7M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 5.1%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
CSW vs PMTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $153.1M |
| Net Profit | $10.3M | $7.3M |
| Gross Margin | 39.7% | 31.5% |
| Operating Margin | 7.4% | 12.0% |
| Net Margin | 4.4% | 4.8% |
| Revenue YoY | 20.3% | 22.3% |
| Net Profit YoY | -61.9% | 8.5% |
| EPS (diluted) | $0.62 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $277.0M | $138.0M | ||
| Q2 25 | $263.6M | $129.8M | ||
| Q1 25 | $230.5M | $122.8M | ||
| Q4 24 | $193.6M | $125.1M | ||
| Q3 24 | $227.9M | $124.8M | ||
| Q2 24 | $226.2M | $118.8M | ||
| Q1 24 | $210.9M | $111.9M |
| Q4 25 | $10.3M | $7.3M | ||
| Q3 25 | $40.7M | $2.3M | ||
| Q2 25 | $40.9M | $518.0K | ||
| Q1 25 | $35.1M | $4.8M | ||
| Q4 24 | $26.9M | $6.8M | ||
| Q3 24 | $36.1M | $1.3M | ||
| Q2 24 | $38.6M | $6.0M | ||
| Q1 24 | $31.8M | $5.5M |
| Q4 25 | 39.7% | 31.5% | ||
| Q3 25 | 43.0% | 29.7% | ||
| Q2 25 | 43.8% | 30.9% | ||
| Q1 25 | 44.2% | 33.2% | ||
| Q4 24 | 41.4% | 34.1% | ||
| Q3 24 | 45.6% | 35.8% | ||
| Q2 24 | 47.5% | 35.7% | ||
| Q1 24 | 44.4% | 37.1% |
| Q4 25 | 7.4% | 12.0% | ||
| Q3 25 | 20.5% | 9.4% | ||
| Q2 25 | 20.8% | 7.3% | ||
| Q1 25 | 19.5% | 11.5% | ||
| Q4 24 | 15.3% | 12.7% | ||
| Q3 24 | 22.6% | 14.3% | ||
| Q2 24 | 24.3% | 12.5% | ||
| Q1 24 | 21.0% | 12.6% |
| Q4 25 | 4.4% | 4.8% | ||
| Q3 25 | 14.7% | 1.7% | ||
| Q2 25 | 15.5% | 0.4% | ||
| Q1 25 | 15.2% | 3.9% | ||
| Q4 24 | 13.9% | 5.4% | ||
| Q3 24 | 15.8% | 1.0% | ||
| Q2 24 | 17.1% | 5.1% | ||
| Q1 24 | 15.1% | 4.9% |
| Q4 25 | $0.62 | $0.62 | ||
| Q3 25 | $2.41 | $0.19 | ||
| Q2 25 | $2.43 | $0.04 | ||
| Q1 25 | $2.05 | $0.40 | ||
| Q4 24 | $1.60 | $0.56 | ||
| Q3 24 | $2.26 | $0.11 | ||
| Q2 24 | $2.47 | $0.51 | ||
| Q1 24 | $2.03 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $1.1B | $-17.3M |
| Total Assets | $2.3B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $21.7M | ||
| Q3 25 | $31.5M | $16.0M | ||
| Q2 25 | $38.0M | $17.1M | ||
| Q1 25 | $225.8M | $31.5M | ||
| Q4 24 | $213.8M | $33.5M | ||
| Q3 24 | $273.2M | $14.7M | ||
| Q2 24 | $18.9M | $7.5M | ||
| Q1 24 | $22.2M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | $800.1M | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | $166.0M | $265.3M |
| Q4 25 | $1.1B | $-17.3M | ||
| Q3 25 | $1.1B | $-25.7M | ||
| Q2 25 | $1.1B | $-29.0M | ||
| Q1 25 | $1.1B | $-29.7M | ||
| Q4 24 | $1.0B | $-35.6M | ||
| Q3 24 | $1.0B | $-42.8M | ||
| Q2 24 | $650.2M | $-44.6M | ||
| Q1 24 | $615.7M | $-48.5M |
| Q4 25 | $2.3B | $403.2M | ||
| Q3 25 | $1.5B | $407.1M | ||
| Q2 25 | $1.5B | $399.8M | ||
| Q1 25 | $1.4B | $351.9M | ||
| Q4 24 | $1.4B | $349.7M | ||
| Q3 24 | $1.4B | $342.3M | ||
| Q2 24 | $1.1B | $321.4M | ||
| Q1 24 | $1.0B | $319.8M |
| 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 | $39.6M |
| Free Cash FlowOCF − Capex | $22.7M | $35.2M |
| FCF MarginFCF / Revenue | 9.8% | 23.0% |
| Capex IntensityCapex / Revenue | 2.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 2.81× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $39.6M | ||
| Q3 25 | $61.8M | $10.0M | ||
| Q2 25 | $60.6M | $4.3M | ||
| Q1 25 | $27.3M | $5.6M | ||
| Q4 24 | $11.6M | $26.7M | ||
| Q3 24 | $66.8M | $12.5M | ||
| Q2 24 | $62.7M | $-4.8M | ||
| Q1 24 | $22.4M | $8.9M |
| Q4 25 | $22.7M | $35.2M | ||
| Q3 25 | $58.7M | $5.3M | ||
| Q2 25 | $57.7M | $533.0K | ||
| Q1 25 | $22.8M | $292.0K | ||
| Q4 24 | $8.5M | $21.6M | ||
| Q3 24 | $61.3M | $11.1M | ||
| Q2 24 | $59.6M | $-6.0M | ||
| Q1 24 | $17.5M | $7.4M |
| Q4 25 | 9.8% | 23.0% | ||
| Q3 25 | 21.2% | 3.8% | ||
| Q2 25 | 21.9% | 0.4% | ||
| Q1 25 | 9.9% | 0.2% | ||
| Q4 24 | 4.4% | 17.3% | ||
| Q3 24 | 26.9% | 8.9% | ||
| Q2 24 | 26.3% | -5.0% | ||
| Q1 24 | 8.3% | 6.6% |
| Q4 25 | 2.6% | 2.9% | ||
| Q3 25 | 1.1% | 3.4% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 2.0% | 4.3% | ||
| Q4 24 | 1.6% | 4.0% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 1.4% | 1.0% | ||
| Q1 24 | 2.3% | 1.3% |
| Q4 25 | 2.81× | 5.39× | ||
| Q3 25 | 1.52× | 4.32× | ||
| Q2 25 | 1.48× | 8.39× | ||
| Q1 25 | 0.78× | 1.17× | ||
| Q4 24 | 0.43× | 3.94× | ||
| Q3 24 | 1.85× | 9.70× | ||
| Q2 24 | 1.62× | -0.79× | ||
| Q1 24 | 0.71× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
