vs

Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and TRUSTMARK CORP (TRMK). Click either name above to swap in a different company.

CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $204.1M, roughly 1.1× TRUSTMARK CORP). TRUSTMARK CORP runs the higher net margin — 28.4% vs 4.4%, a 23.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 4.5%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $22.7M). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% CAGR vs 5.1%).

Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.

CSW vs TRMK — Head-to-Head

Bigger by revenue
CSW
CSW
1.1× larger
CSW
$233.0M
$204.1M
TRMK
Growing faster (revenue YoY)
CSW
CSW
+15.8% gap
CSW
20.3%
4.5%
TRMK
Higher net margin
TRMK
TRMK
23.9% more per $
TRMK
28.4%
4.4%
CSW
More free cash flow
TRMK
TRMK
$209.2M more FCF
TRMK
$232.0M
$22.7M
CSW
Faster 2-yr revenue CAGR
TRMK
TRMK
Annualised
TRMK
8.9%
5.1%
CSW

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CSW
CSW
TRMK
TRMK
Revenue
$233.0M
$204.1M
Net Profit
$10.3M
$57.9M
Gross Margin
39.7%
Operating Margin
7.4%
34.7%
Net Margin
4.4%
28.4%
Revenue YoY
20.3%
4.5%
Net Profit YoY
-61.9%
2.8%
EPS (diluted)
$0.62
$0.96

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
TRMK
TRMK
Q4 25
$233.0M
$204.1M
Q3 25
$277.0M
$202.4M
Q2 25
$263.6M
$198.6M
Q1 25
$230.5M
$194.6M
Q4 24
$193.6M
$155.8M
Q3 24
$227.9M
$192.3M
Q2 24
$226.2M
$141.0M
Q1 24
$210.9M
$172.2M
Net Profit
CSW
CSW
TRMK
TRMK
Q4 25
$10.3M
$57.9M
Q3 25
$40.7M
$56.8M
Q2 25
$40.9M
$55.8M
Q1 25
$35.1M
$53.6M
Q4 24
$26.9M
$56.3M
Q3 24
$36.1M
$51.3M
Q2 24
$38.6M
$73.8M
Q1 24
$31.8M
$41.5M
Gross Margin
CSW
CSW
TRMK
TRMK
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
TRMK
TRMK
Q4 25
7.4%
34.7%
Q3 25
20.5%
34.5%
Q2 25
20.8%
34.7%
Q1 25
19.5%
33.6%
Q4 24
15.3%
41.6%
Q3 24
22.6%
32.5%
Q2 24
24.3%
-98.1%
Q1 24
21.0%
26.1%
Net Margin
CSW
CSW
TRMK
TRMK
Q4 25
4.4%
28.4%
Q3 25
14.7%
28.1%
Q2 25
15.5%
28.1%
Q1 25
15.2%
27.6%
Q4 24
13.9%
36.1%
Q3 24
15.8%
26.7%
Q2 24
17.1%
52.4%
Q1 24
15.1%
24.1%
EPS (diluted)
CSW
CSW
TRMK
TRMK
Q4 25
$0.62
$0.96
Q3 25
$2.41
$0.94
Q2 25
$2.43
$0.92
Q1 25
$2.05
$0.88
Q4 24
$1.60
$0.91
Q3 24
$2.26
$0.84
Q2 24
$2.47
$1.20
Q1 24
$2.03
$0.68

Balance Sheet & Financial Strength

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

Metric
CSW
CSW
TRMK
TRMK
Cash + ST InvestmentsLiquidity on hand
$40.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$2.1B
Total Assets
$2.3B
$18.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
TRMK
TRMK
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
Total Debt
CSW
CSW
TRMK
TRMK
Q4 25
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
CSW
CSW
TRMK
TRMK
Q4 25
$1.1B
$2.1B
Q3 25
$1.1B
$2.1B
Q2 25
$1.1B
$2.1B
Q1 25
$1.1B
$2.0B
Q4 24
$1.0B
$2.0B
Q3 24
$1.0B
$2.0B
Q2 24
$650.2M
$1.9B
Q1 24
$615.7M
$1.7B
Total Assets
CSW
CSW
TRMK
TRMK
Q4 25
$2.3B
$18.9B
Q3 25
$1.5B
$18.8B
Q2 25
$1.5B
$18.6B
Q1 25
$1.4B
$18.3B
Q4 24
$1.4B
$18.2B
Q3 24
$1.4B
$18.5B
Q2 24
$1.1B
$18.5B
Q1 24
$1.0B
$18.4B
Debt / Equity
CSW
CSW
TRMK
TRMK
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
CSW
CSW
TRMK
TRMK
Operating Cash FlowLast quarter
$28.9M
$243.9M
Free Cash FlowOCF − Capex
$22.7M
$232.0M
FCF MarginFCF / Revenue
9.8%
113.6%
Capex IntensityCapex / Revenue
2.6%
5.9%
Cash ConversionOCF / Net Profit
2.81×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$409.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
TRMK
TRMK
Q4 25
$28.9M
$243.9M
Q3 25
$61.8M
$66.2M
Q2 25
$60.6M
$37.6M
Q1 25
$27.3M
$82.4M
Q4 24
$11.6M
$116.9M
Q3 24
$66.8M
$59.5M
Q2 24
$62.7M
$16.7M
Q1 24
$22.4M
$-58.5M
Free Cash Flow
CSW
CSW
TRMK
TRMK
Q4 25
$22.7M
$232.0M
Q3 25
$58.7M
$62.7M
Q2 25
$57.7M
$34.5M
Q1 25
$22.8M
$80.6M
Q4 24
$8.5M
$93.4M
Q3 24
$61.3M
$51.2M
Q2 24
$59.6M
$10.5M
Q1 24
$17.5M
$-63.6M
FCF Margin
CSW
CSW
TRMK
TRMK
Q4 25
9.8%
113.6%
Q3 25
21.2%
31.0%
Q2 25
21.9%
17.4%
Q1 25
9.9%
41.4%
Q4 24
4.4%
60.0%
Q3 24
26.9%
26.7%
Q2 24
26.3%
7.4%
Q1 24
8.3%
-36.9%
Capex Intensity
CSW
CSW
TRMK
TRMK
Q4 25
2.6%
5.9%
Q3 25
1.1%
1.8%
Q2 25
1.1%
1.6%
Q1 25
2.0%
0.9%
Q4 24
1.6%
15.1%
Q3 24
2.4%
4.3%
Q2 24
1.4%
4.4%
Q1 24
2.3%
2.9%
Cash Conversion
CSW
CSW
TRMK
TRMK
Q4 25
2.81×
4.21×
Q3 25
1.52×
1.17×
Q2 25
1.48×
0.67×
Q1 25
0.78×
1.54×
Q4 24
0.43×
2.08×
Q3 24
1.85×
1.16×
Q2 24
1.62×
0.23×
Q1 24
0.71×
-1.41×

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%

TRMK
TRMK

Segment breakdown not available.

Related Comparisons