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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Seadrill Ltd (SDRL). Click either name above to swap in a different company.
Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -3.7%, a 8.1% gap on every dollar of revenue. Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -8.9%).
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.
CSW vs SDRL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $273.0M |
| Net Profit | $10.3M | $-10.0M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | -1.1% |
| Net Margin | 4.4% | -3.7% |
| Revenue YoY | 20.3% | — |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $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 | $273.0M | ||
| Q3 25 | $277.0M | $280.0M | ||
| Q2 25 | $263.6M | $288.0M | ||
| Q1 25 | $230.5M | $248.0M | ||
| Q4 24 | $193.6M | — | ||
| Q3 24 | $227.9M | $263.0M | ||
| Q2 24 | $226.2M | $267.0M | ||
| Q1 24 | $210.9M | $275.0M |
| Q4 25 | $10.3M | $-10.0M | ||
| Q3 25 | $40.7M | $-11.0M | ||
| Q2 25 | $40.9M | $-42.0M | ||
| Q1 25 | $35.1M | $-14.0M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $32.0M | ||
| Q2 24 | $38.6M | $253.0M | ||
| Q1 24 | $31.8M | $60.0M |
| 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% | -1.1% | ||
| Q3 25 | 20.5% | 9.3% | ||
| Q2 25 | 20.8% | 2.1% | ||
| Q1 25 | 19.5% | 7.3% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | 17.9% | ||
| Q2 24 | 24.3% | — | ||
| Q1 24 | 21.0% | 29.1% |
| Q4 25 | 4.4% | -3.7% | ||
| Q3 25 | 14.7% | -3.9% | ||
| Q2 25 | 15.5% | -14.6% | ||
| Q1 25 | 15.2% | -5.6% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 12.2% | ||
| Q2 24 | 17.1% | 94.8% | ||
| Q1 24 | 15.1% | 21.8% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $-0.17 | ||
| Q2 25 | $2.43 | $-0.68 | ||
| Q1 25 | $2.05 | $-0.23 | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | $0.49 | ||
| Q2 24 | $2.47 | $3.49 | ||
| Q1 24 | $2.03 | $0.81 |
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 | $339.0M |
| Total DebtLower is stronger | — | $613.0M |
| Stockholders' EquityBook value | $1.1B | $2.9B |
| Total Assets | $2.3B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $339.0M | ||
| Q3 25 | $31.5M | $402.0M | ||
| Q2 25 | $38.0M | $393.0M | ||
| Q1 25 | $225.8M | $404.0M | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | — | ||
| Q2 24 | $18.9M | $835.0M | ||
| Q1 24 | $22.2M | — |
| Q4 25 | — | $613.0M | ||
| Q3 25 | — | $612.0M | ||
| Q2 25 | — | $612.0M | ||
| Q1 25 | $800.1M | $611.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $609.0M | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.1B | $2.9B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $2.9B | ||
| Q2 24 | $650.2M | $3.1B | ||
| Q1 24 | $615.7M | $2.9B |
| Q4 25 | $2.3B | $3.9B | ||
| Q3 25 | $1.5B | $4.1B | ||
| Q2 25 | $1.5B | $4.1B | ||
| Q1 25 | $1.4B | $4.1B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.1B | $4.3B | ||
| Q1 24 | $1.0B | — |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | 0.75× | 0.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.20× | ||
| 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 | $-40.0M |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $-40.0M | ||
| Q3 25 | $61.8M | $28.0M | ||
| Q2 25 | $60.6M | $11.0M | ||
| Q1 25 | $27.3M | $-27.0M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | $-27.0M | ||
| Q2 24 | $62.7M | $79.0M | ||
| Q1 24 | $22.4M | $29.0M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | — |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | -0.84× | ||
| Q2 24 | 1.62× | 0.31× | ||
| Q1 24 | 0.71× | 0.48× |
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% |
SDRL
Segment breakdown not available.
