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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $233.0M, roughly 1.3× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -1.5%, a 5.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -11.3%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $9.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -3.2%).
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
CSW vs TNC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $291.6M |
| Net Profit | $10.3M | $-4.4M |
| Gross Margin | 39.7% | 34.6% |
| Operating Margin | 7.4% | -1.4% |
| Net Margin | 4.4% | -1.5% |
| Revenue YoY | 20.3% | -11.3% |
| Net Profit YoY | -61.9% | -166.7% |
| EPS (diluted) | $0.62 | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $277.0M | $303.3M | ||
| Q2 25 | $263.6M | $318.6M | ||
| Q1 25 | $230.5M | $290.0M | ||
| Q4 24 | $193.6M | $328.9M | ||
| Q3 24 | $227.9M | $315.8M | ||
| Q2 24 | $226.2M | $331.0M | ||
| Q1 24 | $210.9M | $311.0M |
| Q4 25 | $10.3M | $-4.4M | ||
| Q3 25 | $40.7M | $14.9M | ||
| Q2 25 | $40.9M | $20.2M | ||
| Q1 25 | $35.1M | $13.1M | ||
| Q4 24 | $26.9M | $6.6M | ||
| Q3 24 | $36.1M | $20.8M | ||
| Q2 24 | $38.6M | $27.9M | ||
| Q1 24 | $31.8M | $28.4M |
| Q4 25 | 39.7% | 34.6% | ||
| Q3 25 | 43.0% | 42.7% | ||
| Q2 25 | 43.8% | 42.1% | ||
| Q1 25 | 44.2% | 41.4% | ||
| Q4 24 | 41.4% | 41.3% | ||
| Q3 24 | 45.6% | 42.4% | ||
| Q2 24 | 47.5% | 43.1% | ||
| Q1 24 | 44.4% | 44.2% |
| Q4 25 | 7.4% | -1.4% | ||
| Q3 25 | 20.5% | 7.4% | ||
| Q2 25 | 20.8% | 9.6% | ||
| Q1 25 | 19.5% | 6.8% | ||
| Q4 24 | 15.3% | 2.3% | ||
| Q3 24 | 22.6% | 9.7% | ||
| Q2 24 | 24.3% | 11.7% | ||
| Q1 24 | 21.0% | 12.1% |
| Q4 25 | 4.4% | -1.5% | ||
| Q3 25 | 14.7% | 4.9% | ||
| Q2 25 | 15.5% | 6.3% | ||
| Q1 25 | 15.2% | 4.5% | ||
| Q4 24 | 13.9% | 2.0% | ||
| Q3 24 | 15.8% | 6.6% | ||
| Q2 24 | 17.1% | 8.4% | ||
| Q1 24 | 15.1% | 9.1% |
| Q4 25 | $0.62 | $-0.21 | ||
| Q3 25 | $2.41 | $0.80 | ||
| Q2 25 | $2.43 | $1.08 | ||
| Q1 25 | $2.05 | $0.69 | ||
| Q4 24 | $1.60 | $0.35 | ||
| Q3 24 | $2.26 | $1.09 | ||
| Q2 24 | $2.47 | $1.45 | ||
| Q1 24 | $2.03 | $1.49 |
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 | — |
| Total DebtLower is stronger | — | $273.2M |
| Stockholders' EquityBook value | $1.1B | $601.6M |
| Total Assets | $2.3B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $225.8M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $273.2M | — | ||
| Q2 24 | $18.9M | — | ||
| Q1 24 | $22.2M | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | $800.1M | $213.3M | ||
| Q4 24 | — | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M | ||
| Q1 24 | $166.0M | $207.4M |
| Q4 25 | $1.1B | $601.6M | ||
| Q3 25 | $1.1B | $640.9M | ||
| Q2 25 | $1.1B | $651.9M | ||
| Q1 25 | $1.1B | $624.4M | ||
| Q4 24 | $1.0B | $620.8M | ||
| Q3 24 | $1.0B | $647.2M | ||
| Q2 24 | $650.2M | $624.6M | ||
| Q1 24 | $615.7M | $614.6M |
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | 0.75× | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | 0.27× | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $22.7M | $9.7M |
| FCF MarginFCF / Revenue | 9.8% | 3.3% |
| Capex IntensityCapex / Revenue | 2.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $14.2M | ||
| Q3 25 | $61.8M | $28.7M | ||
| Q2 25 | $60.6M | $22.5M | ||
| Q1 25 | $27.3M | $-400.0K | ||
| Q4 24 | $11.6M | $37.5M | ||
| Q3 24 | $66.8M | $30.7M | ||
| Q2 24 | $62.7M | $18.6M | ||
| Q1 24 | $22.4M | $2.9M |
| Q4 25 | $22.7M | $9.7M | ||
| Q3 25 | $58.7M | $22.3M | ||
| Q2 25 | $57.7M | $18.7M | ||
| Q1 25 | $22.8M | $-7.4M | ||
| Q4 24 | $8.5M | $28.1M | ||
| Q3 24 | $61.3M | $26.4M | ||
| Q2 24 | $59.6M | $14.4M | ||
| Q1 24 | $17.5M | $-100.0K |
| Q4 25 | 9.8% | 3.3% | ||
| Q3 25 | 21.2% | 7.4% | ||
| Q2 25 | 21.9% | 5.9% | ||
| Q1 25 | 9.9% | -2.6% | ||
| Q4 24 | 4.4% | 8.5% | ||
| Q3 24 | 26.9% | 8.4% | ||
| Q2 24 | 26.3% | 4.4% | ||
| Q1 24 | 8.3% | -0.0% |
| Q4 25 | 2.6% | 1.5% | ||
| Q3 25 | 1.1% | 2.1% | ||
| Q2 25 | 1.1% | 1.2% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 1.6% | 2.9% | ||
| Q3 24 | 2.4% | 1.4% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 2.3% | 1.0% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | 1.93× | ||
| Q2 25 | 1.48× | 1.11× | ||
| Q1 25 | 0.78× | -0.03× | ||
| Q4 24 | 0.43× | 5.68× | ||
| Q3 24 | 1.85× | 1.48× | ||
| Q2 24 | 1.62× | 0.67× | ||
| Q1 24 | 0.71× | 0.10× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
