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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $124.7M, roughly 1.9× SMITH & WESSON BRANDS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 1.5%, a 2.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -3.9%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $16.3M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CSW vs SWBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $124.7M |
| Net Profit | $10.3M | $1.9M |
| Gross Margin | 39.7% | 24.3% |
| Operating Margin | 7.4% | 3.3% |
| Net Margin | 4.4% | 1.5% |
| Revenue YoY | 20.3% | -3.9% |
| Net Profit YoY | -61.9% | -53.6% |
| EPS (diluted) | $0.62 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $277.0M | $85.1M | ||
| Q2 25 | $263.6M | $140.8M | ||
| Q1 25 | $230.5M | $115.9M | ||
| Q4 24 | $193.6M | $129.7M | ||
| Q3 24 | $227.9M | $88.3M | ||
| Q2 24 | $226.2M | $159.1M | ||
| Q1 24 | $210.9M | $137.5M |
| Q4 25 | $10.3M | $1.9M | ||
| Q3 25 | $40.7M | $-3.4M | ||
| Q2 25 | $40.9M | $8.6M | ||
| Q1 25 | $35.1M | $2.1M | ||
| Q4 24 | $26.9M | $4.5M | ||
| Q3 24 | $36.1M | $-1.9M | ||
| Q2 24 | $38.6M | $27.9M | ||
| Q1 24 | $31.8M | $7.9M |
| Q4 25 | 39.7% | 24.3% | ||
| Q3 25 | 43.0% | 25.9% | ||
| Q2 25 | 43.8% | 28.8% | ||
| Q1 25 | 44.2% | 24.1% | ||
| Q4 24 | 41.4% | 26.6% | ||
| Q3 24 | 45.6% | 27.4% | ||
| Q2 24 | 47.5% | 35.5% | ||
| Q1 24 | 44.4% | 28.7% |
| Q4 25 | 7.4% | 3.3% | ||
| Q3 25 | 20.5% | -3.5% | ||
| Q2 25 | 20.8% | 9.3% | ||
| Q1 25 | 19.5% | 4.1% | ||
| Q4 24 | 15.3% | 5.8% | ||
| Q3 24 | 22.6% | -1.7% | ||
| Q2 24 | 24.3% | 17.4% | ||
| Q1 24 | 21.0% | 8.2% |
| Q4 25 | 4.4% | 1.5% | ||
| Q3 25 | 14.7% | -4.0% | ||
| Q2 25 | 15.5% | 6.1% | ||
| Q1 25 | 15.2% | 1.8% | ||
| Q4 24 | 13.9% | 3.5% | ||
| Q3 24 | 15.8% | -2.1% | ||
| Q2 24 | 17.1% | 17.5% | ||
| Q1 24 | 15.1% | 5.7% |
| Q4 25 | $0.62 | $0.04 | ||
| Q3 25 | $2.41 | $-0.08 | ||
| Q2 25 | $2.43 | $0.19 | ||
| Q1 25 | $2.05 | $0.05 | ||
| Q4 24 | $1.60 | $0.10 | ||
| Q3 24 | $2.26 | $-0.04 | ||
| Q2 24 | $2.47 | $0.60 | ||
| Q1 24 | $2.03 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $363.2M |
| Total Assets | $2.3B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $22.4M | ||
| Q3 25 | $31.5M | $18.0M | ||
| Q2 25 | $38.0M | $25.2M | ||
| Q1 25 | $225.8M | $26.7M | ||
| Q4 24 | $213.8M | $39.1M | ||
| Q3 24 | $273.2M | $35.5M | ||
| Q2 24 | $18.9M | $60.8M | ||
| Q1 24 | $22.2M | $47.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $363.2M | ||
| Q3 25 | $1.1B | $364.4M | ||
| Q2 25 | $1.1B | $372.5M | ||
| Q1 25 | $1.1B | $366.9M | ||
| Q4 24 | $1.0B | $371.5M | ||
| Q3 24 | $1.0B | $380.0M | ||
| Q2 24 | $650.2M | $399.9M | ||
| Q1 24 | $615.7M | $376.4M |
| Q4 25 | $2.3B | $548.6M | ||
| Q3 25 | $1.5B | $554.6M | ||
| Q2 25 | $1.5B | $559.6M | ||
| Q1 25 | $1.4B | $578.9M | ||
| Q4 24 | $1.4B | $587.4M | ||
| Q3 24 | $1.4B | $571.3M | ||
| Q2 24 | $1.1B | $577.4M | ||
| Q1 24 | $1.0B | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $22.7M | $16.3M |
| FCF MarginFCF / Revenue | 9.8% | 13.1% |
| Capex IntensityCapex / Revenue | 2.6% | 8.8% |
| Cash ConversionOCF / Net Profit | 2.81× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $27.3M | ||
| Q3 25 | $61.8M | $-8.1M | ||
| Q2 25 | $60.6M | $40.8M | ||
| Q1 25 | $27.3M | $-9.8M | ||
| Q4 24 | $11.6M | $-7.4M | ||
| Q3 24 | $66.8M | $-30.8M | ||
| Q2 24 | $62.7M | $43.7M | ||
| Q1 24 | $22.4M | $25.2M |
| Q4 25 | $22.7M | $16.3M | ||
| Q3 25 | $58.7M | $-12.4M | ||
| Q2 25 | $57.7M | $33.5M | ||
| Q1 25 | $22.8M | $-16.1M | ||
| Q4 24 | $8.5M | $-10.7M | ||
| Q3 24 | $61.3M | $-35.5M | ||
| Q2 24 | $59.6M | $38.2M | ||
| Q1 24 | $17.5M | $7.0M |
| Q4 25 | 9.8% | 13.1% | ||
| Q3 25 | 21.2% | -14.6% | ||
| Q2 25 | 21.9% | 23.8% | ||
| Q1 25 | 9.9% | -13.9% | ||
| Q4 24 | 4.4% | -8.3% | ||
| Q3 24 | 26.9% | -40.2% | ||
| Q2 24 | 26.3% | 24.0% | ||
| Q1 24 | 8.3% | 5.1% |
| Q4 25 | 2.6% | 8.8% | ||
| Q3 25 | 1.1% | 5.0% | ||
| Q2 25 | 1.1% | 5.2% | ||
| Q1 25 | 2.0% | 5.4% | ||
| Q4 24 | 1.6% | 2.5% | ||
| Q3 24 | 2.4% | 5.3% | ||
| Q2 24 | 1.4% | 3.5% | ||
| Q1 24 | 2.3% | 13.2% |
| Q4 25 | 2.81× | 14.22× | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | 4.73× | ||
| Q1 25 | 0.78× | -4.68× | ||
| Q4 24 | 0.43× | -1.63× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | 1.57× | ||
| Q1 24 | 0.71× | 3.20× |
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% |
SWBI
Segment breakdown not available.
