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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $233.0M, roughly 1.1× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 1.4%, a 3.1% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -9.4%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 5.1%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CSW vs SDHC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $260.4M |
| Net Profit | $10.3M | $3.5M |
| Gross Margin | 39.7% | 19.9% |
| Operating Margin | 7.4% | 6.5% |
| Net Margin | 4.4% | 1.4% |
| Revenue YoY | 20.3% | -9.4% |
| Net Profit YoY | -61.9% | -14.3% |
| EPS (diluted) | $0.62 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $277.0M | $262.0M | ||
| Q2 25 | $263.6M | $223.9M | ||
| Q1 25 | $230.5M | $224.7M | ||
| Q4 24 | $193.6M | $287.5M | ||
| Q3 24 | $227.9M | $277.8M | ||
| Q2 24 | $226.2M | $220.9M | ||
| Q1 24 | $210.9M | $189.2M |
| Q4 25 | $10.3M | $3.5M | ||
| Q3 25 | $40.7M | $2.1M | ||
| Q2 25 | $40.9M | $2.4M | ||
| Q1 25 | $35.1M | $2.7M | ||
| Q4 24 | $26.9M | $4.1M | ||
| Q3 24 | $36.1M | $5.3M | ||
| Q2 24 | $38.6M | $3.6M | ||
| Q1 24 | $31.8M | $3.0M |
| Q4 25 | 39.7% | 19.9% | ||
| Q3 25 | 43.0% | 21.0% | ||
| Q2 25 | 43.8% | 23.2% | ||
| Q1 25 | 44.2% | 23.8% | ||
| Q4 24 | 41.4% | 25.5% | ||
| Q3 24 | 45.6% | 26.5% | ||
| Q2 24 | 47.5% | 26.7% | ||
| Q1 24 | 44.4% | 26.1% |
| Q4 25 | 7.4% | 6.5% | ||
| Q3 25 | 20.5% | 6.6% | ||
| Q2 25 | 20.8% | 7.7% | ||
| Q1 25 | 19.5% | 8.7% | ||
| Q4 24 | 15.3% | 10.4% | ||
| Q3 24 | 22.6% | 14.2% | ||
| Q2 24 | 24.3% | 11.7% | ||
| Q1 24 | 21.0% | 11.3% |
| Q4 25 | 4.4% | 1.4% | ||
| Q3 25 | 14.7% | 0.8% | ||
| Q2 25 | 15.5% | 1.1% | ||
| Q1 25 | 15.2% | 1.2% | ||
| Q4 24 | 13.9% | 1.4% | ||
| Q3 24 | 15.8% | 1.9% | ||
| Q2 24 | 17.1% | 1.7% | ||
| Q1 24 | 15.1% | 1.6% |
| Q4 25 | $0.62 | $0.39 | ||
| Q3 25 | $2.41 | $0.24 | ||
| Q2 25 | $2.43 | $0.26 | ||
| Q1 25 | $2.05 | $0.30 | ||
| Q4 24 | $1.60 | $0.50 | ||
| Q3 24 | $2.26 | $0.58 | ||
| Q2 24 | $2.47 | $0.40 | ||
| Q1 24 | $2.03 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $86.7M |
| Total Assets | $2.3B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $12.7M | ||
| Q3 25 | $31.5M | $14.8M | ||
| Q2 25 | $38.0M | $16.8M | ||
| Q1 25 | $225.8M | $12.7M | ||
| Q4 24 | $213.8M | $22.4M | ||
| Q3 24 | $273.2M | $23.7M | ||
| Q2 24 | $18.9M | $17.3M | ||
| Q1 24 | $22.2M | $32.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $86.7M | ||
| Q3 25 | $1.1B | $82.2M | ||
| Q2 25 | $1.1B | $80.0M | ||
| Q1 25 | $1.1B | $76.9M | ||
| Q4 24 | $1.0B | $73.6M | ||
| Q3 24 | $1.0B | $68.4M | ||
| Q2 24 | $650.2M | $62.1M | ||
| Q1 24 | $615.7M | $59.7M |
| Q4 25 | $2.3B | $557.6M | ||
| Q3 25 | $1.5B | $571.6M | ||
| Q2 25 | $1.5B | $570.2M | ||
| Q1 25 | $1.4B | $513.9M | ||
| Q4 24 | $1.4B | $475.9M | ||
| Q3 24 | $1.4B | $460.1M | ||
| Q2 24 | $1.1B | $429.3M | ||
| Q1 24 | $1.0B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $22.7M | $8.7M |
| FCF MarginFCF / Revenue | 9.8% | 3.4% |
| Capex IntensityCapex / Revenue | 2.6% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $9.8M | ||
| Q3 25 | $61.8M | $22.8M | ||
| Q2 25 | $60.6M | $-28.9M | ||
| Q1 25 | $27.3M | $-34.9M | ||
| Q4 24 | $11.6M | $5.5M | ||
| Q3 24 | $66.8M | $22.9M | ||
| Q2 24 | $62.7M | $39.0K | ||
| Q1 24 | $22.4M | $-9.3M |
| Q4 25 | $22.7M | $8.7M | ||
| Q3 25 | $58.7M | $21.4M | ||
| Q2 25 | $57.7M | $-31.1M | ||
| Q1 25 | $22.8M | $-35.9M | ||
| Q4 24 | $8.5M | $4.8M | ||
| Q3 24 | $61.3M | $22.3M | ||
| Q2 24 | $59.6M | $-2.1M | ||
| Q1 24 | $17.5M | $-9.7M |
| Q4 25 | 9.8% | 3.4% | ||
| Q3 25 | 21.2% | 8.2% | ||
| Q2 25 | 21.9% | -13.9% | ||
| Q1 25 | 9.9% | -16.0% | ||
| Q4 24 | 4.4% | 1.7% | ||
| Q3 24 | 26.9% | 8.0% | ||
| Q2 24 | 26.3% | -1.0% | ||
| Q1 24 | 8.3% | -5.1% |
| Q4 25 | 2.6% | 0.4% | ||
| Q3 25 | 1.1% | 0.5% | ||
| Q2 25 | 1.1% | 0.9% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 1.4% | 1.0% | ||
| Q1 24 | 2.3% | 0.2% |
| Q4 25 | 2.81× | 2.77× | ||
| Q3 25 | 1.52× | 10.70× | ||
| Q2 25 | 1.48× | -12.24× | ||
| Q1 25 | 0.78× | -13.01× | ||
| Q4 24 | 0.43× | 1.33× | ||
| Q3 24 | 1.85× | 4.28× | ||
| Q2 24 | 1.62× | 0.01× | ||
| Q1 24 | 0.71× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
