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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $219.2M, roughly 1.1× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.4%, a 1.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $22.7M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 5.1%).
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
CSW vs PWP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $219.2M |
| Net Profit | $10.3M | $13.8M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 8.5% |
| Net Margin | 4.4% | 6.3% |
| Revenue YoY | 20.3% | -2.9% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $277.0M | $164.6M | ||
| Q2 25 | $263.6M | $155.3M | ||
| Q1 25 | $230.5M | $211.8M | ||
| Q4 24 | $193.6M | $225.7M | ||
| Q3 24 | $227.9M | $278.2M | ||
| Q2 24 | $226.2M | $272.0M | ||
| Q1 24 | $210.9M | $102.1M |
| Q4 25 | $10.3M | $13.8M | ||
| Q3 25 | $40.7M | $6.0M | ||
| Q2 25 | $40.9M | $2.7M | ||
| Q1 25 | $35.1M | $17.3M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $16.4M | ||
| Q2 24 | $38.6M | $-66.0M | ||
| Q1 24 | $31.8M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 20.5% | 5.4% | ||
| Q2 25 | 20.8% | 5.8% | ||
| Q1 25 | 19.5% | 5.5% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | 12.9% | ||
| Q2 24 | 24.3% | -30.2% | ||
| Q1 24 | 21.0% | -52.4% |
| Q4 25 | 4.4% | 6.3% | ||
| Q3 25 | 14.7% | 3.6% | ||
| Q2 25 | 15.5% | 1.8% | ||
| Q1 25 | 15.2% | 8.2% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 5.9% | ||
| Q2 24 | 17.1% | -24.3% | ||
| Q1 24 | 15.1% | -35.1% |
| Q4 25 | $0.62 | $0.11 | ||
| Q3 25 | $2.41 | $0.08 | ||
| Q2 25 | $2.43 | $0.04 | ||
| Q1 25 | $2.05 | $0.24 | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | $0.24 | ||
| Q2 24 | $2.47 | $-1.21 | ||
| Q1 24 | $2.03 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $-127.4M |
| Total Assets | $2.3B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $255.9M | ||
| Q3 25 | $31.5M | $185.5M | ||
| Q2 25 | $38.0M | $145.0M | ||
| Q1 25 | $225.8M | $111.2M | ||
| Q4 24 | $213.8M | $407.4M | ||
| Q3 24 | $273.2M | $335.1M | ||
| Q2 24 | $18.9M | $185.3M | ||
| Q1 24 | $22.2M | $156.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $-127.4M | ||
| Q3 25 | $1.1B | $-302.4M | ||
| Q2 25 | $1.1B | $-318.4M | ||
| Q1 25 | $1.1B | $-323.1M | ||
| Q4 24 | $1.0B | $-421.4M | ||
| Q3 24 | $1.0B | $-360.8M | ||
| Q2 24 | $650.2M | $-283.0M | ||
| Q1 24 | $615.7M | $161.9M |
| Q4 25 | $2.3B | $797.6M | ||
| Q3 25 | $1.5B | $650.2M | ||
| Q2 25 | $1.5B | $606.7M | ||
| Q1 25 | $1.4B | $570.5M | ||
| Q4 24 | $1.4B | $876.8M | ||
| Q3 24 | $1.4B | $810.9M | ||
| Q2 24 | $1.1B | $645.5M | ||
| Q1 24 | $1.0B | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $22.7M | $30.5M |
| FCF MarginFCF / Revenue | 9.8% | 13.9% |
| Capex IntensityCapex / Revenue | 2.6% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $34.8M | ||
| Q3 25 | $61.8M | $59.2M | ||
| Q2 25 | $60.6M | $56.1M | ||
| Q1 25 | $27.3M | $-176.5M | ||
| Q4 24 | $11.6M | $223.4M | ||
| Q3 24 | $66.8M | $200.3M | ||
| Q2 24 | $62.7M | $90.0M | ||
| Q1 24 | $22.4M | $-206.3M |
| Q4 25 | $22.7M | $30.5M | ||
| Q3 25 | $58.7M | $57.6M | ||
| Q2 25 | $57.7M | $55.3M | ||
| Q1 25 | $22.8M | $-177.6M | ||
| Q4 24 | $8.5M | $207.0M | ||
| Q3 24 | $61.3M | $199.3M | ||
| Q2 24 | $59.6M | $83.7M | ||
| Q1 24 | $17.5M | $-214.8M |
| Q4 25 | 9.8% | 13.9% | ||
| Q3 25 | 21.2% | 35.0% | ||
| Q2 25 | 21.9% | 35.6% | ||
| Q1 25 | 9.9% | -83.8% | ||
| Q4 24 | 4.4% | 91.7% | ||
| Q3 24 | 26.9% | 71.6% | ||
| Q2 24 | 26.3% | 30.8% | ||
| Q1 24 | 8.3% | -210.3% |
| Q4 25 | 2.6% | 2.0% | ||
| Q3 25 | 1.1% | 0.9% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 1.6% | 7.3% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 1.4% | 2.3% | ||
| Q1 24 | 2.3% | 8.3% |
| Q4 25 | 2.81× | 2.52× | ||
| Q3 25 | 1.52× | 9.85× | ||
| Q2 25 | 1.48× | 20.50× | ||
| Q1 25 | 0.78× | -10.18× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 12.23× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 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% |
PWP
Segment breakdown not available.
