vs
Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
Shake Shack Inc. is the larger business by last-quarter revenue ($400.5M vs $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 3.0%, a 1.5% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (21.9% vs 20.3%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $4.0M). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (17.4% CAGR vs 5.1%).
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
CSW vs SHAK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $400.5M |
| Net Profit | $10.3M | $11.8M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 4.7% |
| Net Margin | 4.4% | 3.0% |
| Revenue YoY | 20.3% | 21.9% |
| Net Profit YoY | -61.9% | 35.8% |
| EPS (diluted) | $0.62 | $0.28 |
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 | $400.5M | ||
| Q3 25 | $277.0M | $367.4M | ||
| Q2 25 | $263.6M | $356.5M | ||
| Q1 25 | $230.5M | $320.9M | ||
| Q4 24 | $193.6M | $328.7M | ||
| Q3 24 | $227.9M | $316.9M | ||
| Q2 24 | $226.2M | $316.5M | ||
| Q1 24 | $210.9M | $290.5M |
| Q4 25 | $10.3M | $11.8M | ||
| Q3 25 | $40.7M | $12.5M | ||
| Q2 25 | $40.9M | $17.1M | ||
| Q1 25 | $35.1M | $4.2M | ||
| Q4 24 | $26.9M | $8.7M | ||
| Q3 24 | $36.1M | $-10.2M | ||
| Q2 24 | $38.6M | $9.7M | ||
| Q1 24 | $31.8M | $2.0M |
| 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% | 4.7% | ||
| Q3 25 | 20.5% | 5.0% | ||
| Q2 25 | 20.8% | 6.3% | ||
| Q1 25 | 19.5% | 0.9% | ||
| Q4 24 | 15.3% | 3.1% | ||
| Q3 24 | 22.6% | -5.7% | ||
| Q2 24 | 24.3% | 3.4% | ||
| Q1 24 | 21.0% | 0.0% |
| Q4 25 | 4.4% | 3.0% | ||
| Q3 25 | 14.7% | 3.4% | ||
| Q2 25 | 15.5% | 4.8% | ||
| Q1 25 | 15.2% | 1.3% | ||
| Q4 24 | 13.9% | 2.6% | ||
| Q3 24 | 15.8% | -3.2% | ||
| Q2 24 | 17.1% | 3.1% | ||
| Q1 24 | 15.1% | 0.7% |
| Q4 25 | $0.62 | $0.28 | ||
| Q3 25 | $2.41 | $0.30 | ||
| Q2 25 | $2.43 | $0.41 | ||
| Q1 25 | $2.05 | $0.10 | ||
| Q4 24 | $1.60 | $0.22 | ||
| Q3 24 | $2.26 | $-0.26 | ||
| Q2 24 | $2.47 | $0.23 | ||
| Q1 24 | $2.03 | $0.05 |
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 | $360.1M |
| Total DebtLower is stronger | — | $247.7M |
| Stockholders' EquityBook value | $1.1B | $525.3M |
| Total Assets | $2.3B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $360.1M | ||
| Q3 25 | $31.5M | $357.8M | ||
| Q2 25 | $38.0M | $336.8M | ||
| Q1 25 | $225.8M | $312.9M | ||
| Q4 24 | $213.8M | $320.7M | ||
| Q3 24 | $273.2M | $310.9M | ||
| Q2 24 | $18.9M | $304.4M | ||
| Q1 24 | $22.2M | $284.8M |
| Q4 25 | — | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | $800.1M | $246.9M | ||
| Q4 24 | — | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M | ||
| Q1 24 | $166.0M | $245.9M |
| Q4 25 | $1.1B | $525.3M | ||
| Q3 25 | $1.1B | $509.0M | ||
| Q2 25 | $1.1B | $494.1M | ||
| Q1 25 | $1.1B | $473.3M | ||
| Q4 24 | $1.0B | $470.0M | ||
| Q3 24 | $1.0B | $456.1M | ||
| Q2 24 | $650.2M | $462.4M | ||
| Q1 24 | $615.7M | $446.4M |
| Q4 25 | $2.3B | $1.9B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.0B | $1.6B |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | 0.75× | 0.52× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | 0.27× | 0.55× |
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 | $63.1M |
| Free Cash FlowOCF − Capex | $22.7M | $4.0M |
| FCF MarginFCF / Revenue | 9.8% | 1.0% |
| Capex IntensityCapex / Revenue | 2.6% | 14.8% |
| Cash ConversionOCF / Net Profit | 2.81× | 5.34× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $56.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $63.1M | ||
| Q3 25 | $61.8M | $63.0M | ||
| Q2 25 | $60.6M | $65.0M | ||
| Q1 25 | $27.3M | $31.2M | ||
| Q4 24 | $11.6M | $45.1M | ||
| Q3 24 | $66.8M | $41.9M | ||
| Q2 24 | $62.7M | $53.5M | ||
| Q1 24 | $22.4M | $30.7M |
| Q4 25 | $22.7M | $4.0M | ||
| Q3 25 | $58.7M | $23.7M | ||
| Q2 25 | $57.7M | $26.9M | ||
| Q1 25 | $22.8M | $1.9M | ||
| Q4 24 | $8.5M | $10.4M | ||
| Q3 24 | $61.3M | $7.1M | ||
| Q2 24 | $59.6M | $20.6M | ||
| Q1 24 | $17.5M | $-2.4M |
| Q4 25 | 9.8% | 1.0% | ||
| Q3 25 | 21.2% | 6.5% | ||
| Q2 25 | 21.9% | 7.5% | ||
| Q1 25 | 9.9% | 0.6% | ||
| Q4 24 | 4.4% | 3.2% | ||
| Q3 24 | 26.9% | 2.2% | ||
| Q2 24 | 26.3% | 6.5% | ||
| Q1 24 | 8.3% | -0.8% |
| Q4 25 | 2.6% | 14.8% | ||
| Q3 25 | 1.1% | 10.7% | ||
| Q2 25 | 1.1% | 10.7% | ||
| Q1 25 | 2.0% | 9.1% | ||
| Q4 24 | 1.6% | 10.6% | ||
| Q3 24 | 2.4% | 11.0% | ||
| Q2 24 | 1.4% | 10.4% | ||
| Q1 24 | 2.3% | 11.4% |
| Q4 25 | 2.81× | 5.34× | ||
| Q3 25 | 1.52× | 5.04× | ||
| Q2 25 | 1.48× | 3.79× | ||
| Q1 25 | 0.78× | 7.36× | ||
| Q4 24 | 0.43× | 5.18× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | 5.54× | ||
| Q1 24 | 0.71× | 15.03× |
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% |
SHAK
Segment breakdown not available.
