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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Sun Country Airlines Holdings, Inc. (SNCY). Click either name above to swap in a different company.

Sun Country Airlines Holdings, Inc. is the larger business by last-quarter revenue ($281.0M vs $233.0M, roughly 1.2× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 2.9%, a 1.5% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 7.9%). Sun Country Airlines Holdings, Inc. produced more free cash flow last quarter ($34.9M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -5.0%).

Frontier Airlines, Inc. is a major American ultra low-cost airline headquartered in Denver, Colorado. It operates flights to over 120 destinations in the United States, the Caribbean, Mexico and Central America, and employs more than 5,000 staff. The carrier is a publicly traded company and maintains bases at Denver International Airport, Orlando International Airport, and eleven other cities across the contiguous United States and Puerto Rico.

CSW vs SNCY — Head-to-Head

Bigger by revenue
SNCY
SNCY
1.2× larger
SNCY
$281.0M
$233.0M
CSW
Growing faster (revenue YoY)
CSW
CSW
+12.4% gap
CSW
20.3%
7.9%
SNCY
Higher net margin
CSW
CSW
1.5% more per $
CSW
4.4%
2.9%
SNCY
More free cash flow
SNCY
SNCY
$12.2M more FCF
SNCY
$34.9M
$22.7M
CSW
Faster 2-yr revenue CAGR
CSW
CSW
Annualised
CSW
5.1%
-5.0%
SNCY

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CSW
CSW
SNCY
SNCY
Revenue
$233.0M
$281.0M
Net Profit
$10.3M
$8.1M
Gross Margin
39.7%
Operating Margin
7.4%
6.5%
Net Margin
4.4%
2.9%
Revenue YoY
20.3%
7.9%
Net Profit YoY
-61.9%
-39.4%
EPS (diluted)
$0.62
$0.15

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.

Revenue
CSW
CSW
SNCY
SNCY
Q4 25
$233.0M
$281.0M
Q3 25
$277.0M
$255.5M
Q2 25
$263.6M
$263.6M
Q1 25
$230.5M
$326.6M
Q4 24
$193.6M
$260.4M
Q3 24
$227.9M
$249.5M
Q2 24
$226.2M
$254.4M
Q1 24
$210.9M
$311.5M
Net Profit
CSW
CSW
SNCY
SNCY
Q4 25
$10.3M
$8.1M
Q3 25
$40.7M
$1.6M
Q2 25
$40.9M
$6.6M
Q1 25
$35.1M
$36.5M
Q4 24
$26.9M
$13.4M
Q3 24
$36.1M
$2.3M
Q2 24
$38.6M
$1.8M
Q1 24
$31.8M
$35.3M
Gross Margin
CSW
CSW
SNCY
SNCY
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%
Operating Margin
CSW
CSW
SNCY
SNCY
Q4 25
7.4%
6.5%
Q3 25
20.5%
3.9%
Q2 25
20.8%
6.2%
Q1 25
19.5%
17.2%
Q4 24
15.3%
10.0%
Q3 24
22.6%
5.0%
Q2 24
24.3%
4.9%
Q1 24
21.0%
17.7%
Net Margin
CSW
CSW
SNCY
SNCY
Q4 25
4.4%
2.9%
Q3 25
14.7%
0.6%
Q2 25
15.5%
2.5%
Q1 25
15.2%
11.2%
Q4 24
13.9%
5.2%
Q3 24
15.8%
0.9%
Q2 24
17.1%
0.7%
Q1 24
15.1%
11.3%
EPS (diluted)
CSW
CSW
SNCY
SNCY
Q4 25
$0.62
$0.15
Q3 25
$2.41
$0.03
Q2 25
$2.43
$0.12
Q1 25
$2.05
$0.66
Q4 24
$1.60
$0.25
Q3 24
$2.26
$0.04
Q2 24
$2.47
$0.03
Q1 24
$2.03
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSW
CSW
SNCY
SNCY
Cash + ST InvestmentsLiquidity on hand
$40.2M
$234.3M
Total DebtLower is stronger
$323.3M
Stockholders' EquityBook value
$1.1B
$625.2M
Total Assets
$2.3B
$1.7B
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
SNCY
SNCY
Q4 25
$40.2M
$234.3M
Q3 25
$31.5M
$176.2M
Q2 25
$38.0M
$138.3M
Q1 25
$225.8M
$158.8M
Q4 24
$213.8M
$187.3M
Q3 24
$273.2M
$146.5M
Q2 24
$18.9M
$135.2M
Q1 24
$22.2M
$161.2M
Total Debt
CSW
CSW
SNCY
SNCY
Q4 25
$323.3M
Q3 25
$301.3M
Q2 25
$282.1M
Q1 25
$800.1M
$312.6M
Q4 24
$327.1M
Q3 24
$351.8M
Q2 24
$365.5M
Q1 24
$166.0M
$388.1M
Stockholders' Equity
CSW
CSW
SNCY
SNCY
Q4 25
$1.1B
$625.2M
Q3 25
$1.1B
$610.2M
Q2 25
$1.1B
$613.0M
Q1 25
$1.1B
$603.0M
Q4 24
$1.0B
$570.4M
Q3 24
$1.0B
$552.5M
Q2 24
$650.2M
$546.9M
Q1 24
$615.7M
$541.0M
Total Assets
CSW
CSW
SNCY
SNCY
Q4 25
$2.3B
$1.7B
Q3 25
$1.5B
$1.6B
Q2 25
$1.5B
$1.6B
Q1 25
$1.4B
$1.6B
Q4 24
$1.4B
$1.6B
Q3 24
$1.4B
$1.6B
Q2 24
$1.1B
$1.6B
Q1 24
$1.0B
$1.6B
Debt / Equity
CSW
CSW
SNCY
SNCY
Q4 25
0.52×
Q3 25
0.49×
Q2 25
0.46×
Q1 25
0.75×
0.52×
Q4 24
0.57×
Q3 24
0.64×
Q2 24
0.67×
Q1 24
0.27×
0.72×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSW
CSW
SNCY
SNCY
Operating Cash FlowLast quarter
$28.9M
$78.9M
Free Cash FlowOCF − Capex
$22.7M
$34.9M
FCF MarginFCF / Revenue
9.8%
12.4%
Capex IntensityCapex / Revenue
2.6%
15.7%
Cash ConversionOCF / Net Profit
2.81×
9.69×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$84.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
SNCY
SNCY
Q4 25
$28.9M
$78.9M
Q3 25
$61.8M
$41.9M
Q2 25
$60.6M
$19.8M
Q1 25
$27.3M
$16.4M
Q4 24
$11.6M
$90.6M
Q3 24
$66.8M
$35.4M
Q2 24
$62.7M
$8.2M
Q1 24
$22.4M
$30.7M
Free Cash Flow
CSW
CSW
SNCY
SNCY
Q4 25
$22.7M
$34.9M
Q3 25
$58.7M
$34.0M
Q2 25
$57.7M
$14.0M
Q1 25
$22.8M
$1.0M
Q4 24
$8.5M
$85.8M
Q3 24
$61.3M
$31.0M
Q2 24
$59.6M
$-382.0K
Q1 24
$17.5M
$1.0M
FCF Margin
CSW
CSW
SNCY
SNCY
Q4 25
9.8%
12.4%
Q3 25
21.2%
13.3%
Q2 25
21.9%
5.3%
Q1 25
9.9%
0.3%
Q4 24
4.4%
33.0%
Q3 24
26.9%
12.4%
Q2 24
26.3%
-0.2%
Q1 24
8.3%
0.3%
Capex Intensity
CSW
CSW
SNCY
SNCY
Q4 25
2.6%
15.7%
Q3 25
1.1%
3.1%
Q2 25
1.1%
2.2%
Q1 25
2.0%
4.7%
Q4 24
1.6%
1.8%
Q3 24
2.4%
1.8%
Q2 24
1.4%
3.4%
Q1 24
2.3%
9.5%
Cash Conversion
CSW
CSW
SNCY
SNCY
Q4 25
2.81×
9.69×
Q3 25
1.52×
27.03×
Q2 25
1.48×
3.01×
Q1 25
0.78×
0.45×
Q4 24
0.43×
6.74×
Q3 24
1.85×
15.13×
Q2 24
1.62×
4.50×
Q1 24
0.71×
0.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSW
CSW

Contractor Solutions Segment$166.3M71%
Specialized Reliability Solutions Segment$38.2M16%
Engineered Building Solutions Segment$28.5M12%

SNCY
SNCY

Scheduled Service$95.6M34%
Ancillary$69.3M25%
Charter Service$56.6M20%
Cargo And Freight$48.0M17%
Service Other$11.4M4%

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