vs
Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $233.0M, roughly 1.4× CSW INDUSTRIALS, INC.). TIDEWATER INC runs the higher net margin — 65.3% vs 4.4%, a 60.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -2.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 2.4%).
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
CSW vs TDW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $336.8M |
| Net Profit | $10.3M | $219.9M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 19.0% |
| Net Margin | 4.4% | 65.3% |
| Revenue YoY | 20.3% | -2.4% |
| Net Profit YoY | -61.9% | 495.8% |
| EPS (diluted) | $0.62 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $277.0M | $341.1M | ||
| Q2 25 | $263.6M | $341.4M | ||
| Q1 25 | $230.5M | $333.4M | ||
| Q4 24 | $193.6M | $345.1M | ||
| Q3 24 | $227.9M | $340.4M | ||
| Q2 24 | $226.2M | $339.2M | ||
| Q1 24 | $210.9M | $321.2M |
| Q4 25 | $10.3M | $219.9M | ||
| Q3 25 | $40.7M | $-806.0K | ||
| Q2 25 | $40.9M | $72.9M | ||
| Q1 25 | $35.1M | $42.7M | ||
| Q4 24 | $26.9M | $36.9M | ||
| Q3 24 | $36.1M | $46.4M | ||
| Q2 24 | $38.6M | $50.4M | ||
| Q1 24 | $31.8M | $47.0M |
| 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% | 19.0% | ||
| Q3 25 | 20.5% | 18.4% | ||
| Q2 25 | 20.8% | 23.7% | ||
| Q1 25 | 19.5% | 22.5% | ||
| Q4 24 | 15.3% | 23.6% | ||
| Q3 24 | 22.6% | 20.6% | ||
| Q2 24 | 24.3% | 23.0% | ||
| Q1 24 | 21.0% | 25.5% |
| Q4 25 | 4.4% | 65.3% | ||
| Q3 25 | 14.7% | -0.2% | ||
| Q2 25 | 15.5% | 21.4% | ||
| Q1 25 | 15.2% | 12.8% | ||
| Q4 24 | 13.9% | 10.7% | ||
| Q3 24 | 15.8% | 13.6% | ||
| Q2 24 | 17.1% | 14.8% | ||
| Q1 24 | 15.1% | 14.6% |
| Q4 25 | $0.62 | $4.37 | ||
| Q3 25 | $2.41 | $-0.02 | ||
| Q2 25 | $2.43 | $1.46 | ||
| Q1 25 | $2.05 | $0.83 | ||
| Q4 24 | $1.60 | $0.70 | ||
| Q3 24 | $2.26 | $0.87 | ||
| Q2 24 | $2.47 | $0.94 | ||
| Q1 24 | $2.03 | $0.89 |
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 | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $1.1B | $1.4B |
| Total Assets | $2.3B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $578.8M | ||
| Q3 25 | $31.5M | $428.2M | ||
| Q2 25 | $38.0M | $369.4M | ||
| Q1 25 | $225.8M | $341.8M | ||
| Q4 24 | $213.8M | $324.9M | ||
| Q3 24 | $273.2M | $280.8M | ||
| Q2 24 | $18.9M | $315.9M | ||
| Q1 24 | $22.2M | $280.9M |
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $650.2M | $1.1B | ||
| Q1 24 | $615.7M | $1.1B |
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.0B | $2.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | $22.7M | $147.8M |
| FCF MarginFCF / Revenue | 9.8% | 43.9% |
| Capex IntensityCapex / Revenue | 2.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.81× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $153.0M | ||
| Q3 25 | $61.8M | $54.7M | ||
| Q2 25 | $60.6M | $85.4M | ||
| Q1 25 | $27.3M | $86.0M | ||
| Q4 24 | $11.6M | $100.0M | ||
| Q3 24 | $66.8M | $49.0M | ||
| Q2 24 | $62.7M | $78.6M | ||
| Q1 24 | $22.4M | $54.8M |
| Q4 25 | $22.7M | $147.8M | ||
| Q3 25 | $58.7M | $49.6M | ||
| Q2 25 | $57.7M | $80.2M | ||
| Q1 25 | $22.8M | $75.7M | ||
| Q4 24 | $8.5M | $95.5M | ||
| Q3 24 | $61.3M | $43.3M | ||
| Q2 24 | $59.6M | $72.3M | ||
| Q1 24 | $17.5M | $43.8M |
| Q4 25 | 9.8% | 43.9% | ||
| Q3 25 | 21.2% | 14.5% | ||
| Q2 25 | 21.9% | 23.5% | ||
| Q1 25 | 9.9% | 22.7% | ||
| Q4 24 | 4.4% | 27.7% | ||
| Q3 24 | 26.9% | 12.7% | ||
| Q2 24 | 26.3% | 21.3% | ||
| Q1 24 | 8.3% | 13.6% |
| Q4 25 | 2.6% | 1.5% | ||
| Q3 25 | 1.1% | 1.5% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 1.6% | 1.3% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 1.4% | 1.9% | ||
| Q1 24 | 2.3% | 3.4% |
| Q4 25 | 2.81× | 0.70× | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | 1.17× | ||
| Q1 25 | 0.78× | 2.02× | ||
| Q4 24 | 0.43× | 2.71× | ||
| Q3 24 | 1.85× | 1.06× | ||
| Q2 24 | 1.62× | 1.56× | ||
| Q1 24 | 0.71× | 1.16× |
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% |
TDW
Segment breakdown not available.
