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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and TrueBlue, Inc. (TBI). Click either name above to swap in a different company.
TrueBlue, Inc. is the larger business by last-quarter revenue ($418.2M vs $233.0M, roughly 1.8× CSW INDUSTRIALS, INC.). On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 8.3%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-7.5M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 1.9%).
The Blue Bird Corporation is an American bus manufacturer. Headquartered in Fort Valley, Georgia, the company was best known for its production of school buses. The company has also manufactured a wide variety of other bus types, including transit buses, motorhomes, and specialty vehicles such as mobile libraries and mobile police command centers.
CSW vs TBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $418.2M |
| Net Profit | $10.3M | — |
| Gross Margin | 39.7% | 21.5% |
| Operating Margin | 7.4% | -7.0% |
| Net Margin | 4.4% | — |
| Revenue YoY | 20.3% | 8.3% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | $-1.06 |
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 | $418.2M | ||
| Q3 25 | $277.0M | $431.3M | ||
| Q2 25 | $263.6M | $396.3M | ||
| Q1 25 | $230.5M | $370.3M | ||
| Q4 24 | $193.6M | $386.0M | ||
| Q3 24 | $227.9M | $382.4M | ||
| Q2 24 | $226.2M | $396.2M | ||
| Q1 24 | $210.9M | $402.9M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-1.9M | ||
| Q2 25 | $40.9M | $-160.0K | ||
| Q1 25 | $35.1M | $-14.3M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $-7.6M | ||
| Q2 24 | $38.6M | $-104.7M | ||
| Q1 24 | $31.8M | $-1.7M |
| Q4 25 | 39.7% | 21.5% | ||
| Q3 25 | 43.0% | 22.7% | ||
| Q2 25 | 43.8% | 23.6% | ||
| Q1 25 | 44.2% | 23.3% | ||
| Q4 24 | 41.4% | 26.6% | ||
| Q3 24 | 45.6% | 26.2% | ||
| Q2 24 | 47.5% | 26.4% | ||
| Q1 24 | 44.4% | 24.7% |
| Q4 25 | 7.4% | -7.0% | ||
| Q3 25 | 20.5% | -0.0% | ||
| Q2 25 | 20.8% | -0.7% | ||
| Q1 25 | 19.5% | -3.8% | ||
| Q4 24 | 15.3% | -2.7% | ||
| Q3 24 | 22.6% | -1.8% | ||
| Q2 24 | 24.3% | -15.1% | ||
| Q1 24 | 21.0% | -3.8% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -0.4% | ||
| Q2 25 | 15.5% | -0.0% | ||
| Q1 25 | 15.2% | -3.9% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | -2.0% | ||
| Q2 24 | 17.1% | -26.4% | ||
| Q1 24 | 15.1% | -0.4% |
| Q4 25 | $0.62 | $-1.06 | ||
| Q3 25 | $2.41 | $-0.06 | ||
| Q2 25 | $2.43 | $-0.01 | ||
| Q1 25 | $2.05 | $-0.48 | ||
| Q4 24 | $1.60 | $-0.41 | ||
| Q3 24 | $2.26 | $-0.26 | ||
| Q2 24 | $2.47 | $-3.45 | ||
| 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 | $24.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $274.6M |
| Total Assets | $2.3B | $638.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $24.5M | ||
| Q3 25 | $31.5M | $19.9M | ||
| Q2 25 | $38.0M | $21.9M | ||
| Q1 25 | $225.8M | $23.1M | ||
| Q4 24 | $213.8M | $22.5M | ||
| Q3 24 | $273.2M | $14.5M | ||
| Q2 24 | $18.9M | $26.4M | ||
| Q1 24 | $22.2M | $36.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $274.6M | ||
| Q3 25 | $1.1B | $304.3M | ||
| Q2 25 | $1.1B | $305.2M | ||
| Q1 25 | $1.1B | $302.2M | ||
| Q4 24 | $1.0B | $315.4M | ||
| Q3 24 | $1.0B | $327.2M | ||
| Q2 24 | $650.2M | $337.8M | ||
| Q1 24 | $615.7M | $446.4M |
| Q4 25 | $2.3B | $638.7M | ||
| Q3 25 | $1.5B | $690.5M | ||
| Q2 25 | $1.5B | $672.8M | ||
| Q1 25 | $1.4B | $692.5M | ||
| Q4 24 | $1.4B | $675.4M | ||
| Q3 24 | $1.4B | $702.4M | ||
| Q2 24 | $1.1B | $723.7M | ||
| Q1 24 | $1.0B | $868.6M |
| 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 | $-4.4M |
| Free Cash FlowOCF − Capex | $22.7M | $-7.5M |
| FCF MarginFCF / Revenue | 9.8% | -1.8% |
| Capex IntensityCapex / Revenue | 2.6% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $-73.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $-4.4M | ||
| Q3 25 | $61.8M | $-19.8M | ||
| Q2 25 | $60.6M | $-11.8M | ||
| Q1 25 | $27.3M | $-22.1M | ||
| Q4 24 | $11.6M | $6.1M | ||
| Q3 24 | $66.8M | $-7.1M | ||
| Q2 24 | $62.7M | $-1.8M | ||
| Q1 24 | $22.4M | $-14.2M |
| Q4 25 | $22.7M | $-7.5M | ||
| Q3 25 | $58.7M | $-23.4M | ||
| Q2 25 | $57.7M | $-16.1M | ||
| Q1 25 | $22.8M | $-26.8M | ||
| Q4 24 | $8.5M | $854.0K | ||
| Q3 24 | $61.3M | $-12.7M | ||
| Q2 24 | $59.6M | $-7.7M | ||
| Q1 24 | $17.5M | $-21.6M |
| Q4 25 | 9.8% | -1.8% | ||
| Q3 25 | 21.2% | -5.4% | ||
| Q2 25 | 21.9% | -4.0% | ||
| Q1 25 | 9.9% | -7.2% | ||
| Q4 24 | 4.4% | 0.2% | ||
| Q3 24 | 26.9% | -3.3% | ||
| Q2 24 | 26.3% | -2.0% | ||
| Q1 24 | 8.3% | -5.4% |
| Q4 25 | 2.6% | 0.7% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 2.0% | 1.3% | ||
| Q4 24 | 1.6% | 1.4% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.4% | 1.5% | ||
| Q1 24 | 2.3% | 1.8% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | — |
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% |
TBI
| People Scout | $187.7M | 45% |
| Other | $175.0M | 42% |
| Healthcare Staffing Professionals Inc. | $55.5M | 13% |
