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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and TANGER INC. (SKT). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $150.4M, roughly 1.5× TANGER INC.). TANGER INC. runs the higher net margin — 19.6% vs 4.4%, a 15.2% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 11.1%). Over the past eight quarters, TANGER INC.'s revenue compounded faster (8.0% CAGR vs 5.1%).
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
CSW vs SKT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $150.4M |
| Net Profit | $10.3M | $29.4M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | — |
| Net Margin | 4.4% | 19.6% |
| Revenue YoY | 20.3% | 11.1% |
| Net Profit YoY | -61.9% | 47.1% |
| EPS (diluted) | $0.62 | $1.05 |
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.
| Q1 26 | — | $150.4M | ||
| Q4 25 | $233.0M | $151.0M | ||
| Q3 25 | $277.0M | $145.2M | ||
| Q2 25 | $263.6M | $140.7M | ||
| Q1 25 | $230.5M | $135.4M | ||
| Q4 24 | $193.6M | $132.2M | ||
| Q3 24 | $227.9M | $133.0M | ||
| Q2 24 | $226.2M | $129.0M |
| Q1 26 | — | $29.4M | ||
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $32.0M | ||
| Q2 25 | $40.9M | $30.1M | ||
| Q1 25 | $35.1M | $19.2M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $24.9M | ||
| Q2 24 | $38.6M | $24.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 20.1% | ||
| Q2 25 | 20.8% | 20.1% | ||
| Q1 25 | 19.5% | 13.0% | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 22.6% | 17.8% | ||
| Q2 24 | 24.3% | 17.8% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | 22.1% | ||
| Q2 25 | 15.5% | 21.4% | ||
| Q1 25 | 15.2% | 14.2% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | 18.7% | ||
| Q2 24 | 17.1% | 19.3% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $0.28 | ||
| Q2 25 | $2.43 | $0.26 | ||
| Q1 25 | $2.05 | $0.17 | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $2.26 | $0.22 | ||
| Q2 24 | $2.47 | $0.22 |
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 | $227.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $697.8M |
| Total Assets | $2.3B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $227.4M | ||
| Q4 25 | $40.2M | $18.1M | ||
| Q3 25 | $31.5M | $13.0M | ||
| Q2 25 | $38.0M | $9.7M | ||
| Q1 25 | $225.8M | $10.2M | ||
| Q4 24 | $213.8M | $47.0M | ||
| Q3 24 | $273.2M | $11.1M | ||
| Q2 24 | $18.9M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $800.1M | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $697.8M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $703.6M | ||
| Q2 25 | $1.1B | $635.2M | ||
| Q1 25 | $1.1B | $633.9M | ||
| Q4 24 | $1.0B | $652.4M | ||
| Q3 24 | $1.0B | $568.3M | ||
| Q2 24 | $650.2M | $553.7M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.1B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | 0.75× | 2.47× | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 2.64× |
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 | — |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | 6.6% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $74.3M | ||
| Q2 25 | $60.6M | $82.0M | ||
| Q1 25 | $27.3M | $41.4M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $66.8M | $65.2M | ||
| Q2 24 | $62.7M | $72.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 6.6% | ||
| 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 26 | — | — | ||
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 2.32× | ||
| Q2 25 | 1.48× | 2.73× | ||
| Q1 25 | 0.78× | 2.16× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 2.62× | ||
| Q2 24 | 1.62× | 2.93× |
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% |
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
