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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and WEBTOON Entertainment Inc. (WBTN). Click either name above to swap in a different company.

WEBTOON Entertainment Inc. is the larger business by last-quarter revenue ($330.7M vs $233.0M, roughly 1.4× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -93.0%, a 97.4% gap on every dollar of revenue. CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $7.0M).

Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.

CSW vs WBTN — Head-to-Head

Bigger by revenue
WBTN
WBTN
1.4× larger
WBTN
$330.7M
$233.0M
CSW
Higher net margin
CSW
CSW
97.4% more per $
CSW
4.4%
-93.0%
WBTN
More free cash flow
CSW
CSW
$15.7M more FCF
CSW
$22.7M
$7.0M
WBTN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CSW
CSW
WBTN
WBTN
Revenue
$233.0M
$330.7M
Net Profit
$10.3M
$-307.6M
Gross Margin
39.7%
24.3%
Operating Margin
7.4%
-4.0%
Net Margin
4.4%
-93.0%
Revenue YoY
20.3%
Net Profit YoY
-61.9%
EPS (diluted)
$0.62
$-2.37

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.

Revenue
CSW
CSW
WBTN
WBTN
Q4 25
$233.0M
$330.7M
Q3 25
$277.0M
$378.0M
Q2 25
$263.6M
$348.3M
Q1 25
$230.5M
$325.7M
Q4 24
$193.6M
Q3 24
$227.9M
$347.9M
Q2 24
$226.2M
$321.0M
Q1 24
$210.9M
Net Profit
CSW
CSW
WBTN
WBTN
Q4 25
$10.3M
$-307.6M
Q3 25
$40.7M
$-11.6M
Q2 25
$40.9M
$-4.3M
Q1 25
$35.1M
$-22.4M
Q4 24
$26.9M
Q3 24
$36.1M
$19.8M
Q2 24
$38.6M
$-76.9M
Q1 24
$31.8M
Gross Margin
CSW
CSW
WBTN
WBTN
Q4 25
39.7%
24.3%
Q3 25
43.0%
21.9%
Q2 25
43.8%
25.1%
Q1 25
44.2%
22.0%
Q4 24
41.4%
Q3 24
45.6%
26.3%
Q2 24
47.5%
25.9%
Q1 24
44.4%
Operating Margin
CSW
CSW
WBTN
WBTN
Q4 25
7.4%
-4.0%
Q3 25
20.5%
-3.9%
Q2 25
20.8%
-2.5%
Q1 25
19.5%
-8.2%
Q4 24
15.3%
Q3 24
22.6%
-2.3%
Q2 24
24.3%
-24.6%
Q1 24
21.0%
Net Margin
CSW
CSW
WBTN
WBTN
Q4 25
4.4%
-93.0%
Q3 25
14.7%
-3.1%
Q2 25
15.5%
-1.2%
Q1 25
15.2%
-6.9%
Q4 24
13.9%
Q3 24
15.8%
5.7%
Q2 24
17.1%
-24.0%
Q1 24
15.1%
EPS (diluted)
CSW
CSW
WBTN
WBTN
Q4 25
$0.62
$-2.37
Q3 25
$2.41
$-0.09
Q2 25
$2.43
$-0.03
Q1 25
$2.05
$-0.17
Q4 24
$1.60
Q3 24
$2.26
$0.15
Q2 24
$2.47
$-0.70
Q1 24
$2.03

Balance Sheet & Financial Strength

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

Metric
CSW
CSW
WBTN
WBTN
Cash + ST InvestmentsLiquidity on hand
$40.2M
$581.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.2B
Total Assets
$2.3B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
WBTN
WBTN
Q4 25
$40.2M
$581.8M
Q3 25
$31.5M
$584.6M
Q2 25
$38.0M
$581.5M
Q1 25
$225.8M
$550.1M
Q4 24
$213.8M
Q3 24
$273.2M
$585.5M
Q2 24
$18.9M
$572.3M
Q1 24
$22.2M
Total Debt
CSW
CSW
WBTN
WBTN
Q4 25
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
CSW
CSW
WBTN
WBTN
Q4 25
$1.1B
$1.2B
Q3 25
$1.1B
$1.5B
Q2 25
$1.1B
$1.5B
Q1 25
$1.1B
$1.5B
Q4 24
$1.0B
Q3 24
$1.0B
$1.6B
Q2 24
$650.2M
$1.5B
Q1 24
$615.7M
Total Assets
CSW
CSW
WBTN
WBTN
Q4 25
$2.3B
$1.6B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$2.0B
Q1 25
$1.4B
$1.9B
Q4 24
$1.4B
Q3 24
$1.4B
$2.1B
Q2 24
$1.1B
$2.0B
Q1 24
$1.0B
Debt / Equity
CSW
CSW
WBTN
WBTN
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
WBTN
WBTN
Operating Cash FlowLast quarter
$28.9M
$7.6M
Free Cash FlowOCF − Capex
$22.7M
$7.0M
FCF MarginFCF / Revenue
9.8%
2.1%
Capex IntensityCapex / Revenue
2.6%
0.2%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$3.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
WBTN
WBTN
Q4 25
$28.9M
$7.6M
Q3 25
$61.8M
$16.5M
Q2 25
$60.6M
$5.7M
Q1 25
$27.3M
$-18.7M
Q4 24
$11.6M
Q3 24
$66.8M
$4.1M
Q2 24
$62.7M
Q1 24
$22.4M
Free Cash Flow
CSW
CSW
WBTN
WBTN
Q4 25
$22.7M
$7.0M
Q3 25
$58.7M
$11.8M
Q2 25
$57.7M
$3.9M
Q1 25
$22.8M
$-19.2M
Q4 24
$8.5M
Q3 24
$61.3M
$3.5M
Q2 24
$59.6M
Q1 24
$17.5M
FCF Margin
CSW
CSW
WBTN
WBTN
Q4 25
9.8%
2.1%
Q3 25
21.2%
3.1%
Q2 25
21.9%
1.1%
Q1 25
9.9%
-5.9%
Q4 24
4.4%
Q3 24
26.9%
1.0%
Q2 24
26.3%
Q1 24
8.3%
Capex Intensity
CSW
CSW
WBTN
WBTN
Q4 25
2.6%
0.2%
Q3 25
1.1%
1.2%
Q2 25
1.1%
0.5%
Q1 25
2.0%
0.2%
Q4 24
1.6%
Q3 24
2.4%
0.2%
Q2 24
1.4%
Q1 24
2.3%
Cash Conversion
CSW
CSW
WBTN
WBTN
Q4 25
2.81×
Q3 25
1.52×
Q2 25
1.48×
Q1 25
0.78×
Q4 24
0.43×
Q3 24
1.85×
0.21×
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
CSW

Contractor Solutions Segment$166.3M71%
Specialized Reliability Solutions Segment$38.2M16%
Engineered Building Solutions Segment$28.5M12%

WBTN
WBTN

Other$158.3M48%
KR$125.7M38%
IP Adaptations$25.4M8%
Related Party$21.3M6%

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