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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and Wingstop Inc. (WING). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $183.7M, roughly 1.3× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 4.4%, a 11.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 5.1%).
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
CSW vs WING — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $183.7M |
| Net Profit | $10.3M | $29.9M |
| Gross Margin | 39.7% | 86.5% |
| Operating Margin | 7.4% | 27.4% |
| Net Margin | 4.4% | 16.3% |
| Revenue YoY | 20.3% | 7.4% |
| Net Profit YoY | -61.9% | — |
| EPS (diluted) | $0.62 | $1.08 |
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.
| Q1 26 | — | $183.7M | ||
| Q4 25 | $233.0M | $175.7M | ||
| Q3 25 | $277.0M | $175.7M | ||
| Q2 25 | $263.6M | $174.3M | ||
| Q1 25 | $230.5M | $171.1M | ||
| Q4 24 | $193.6M | $161.8M | ||
| Q3 24 | $227.9M | $162.5M | ||
| Q2 24 | $226.2M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $10.3M | $26.8M | ||
| Q3 25 | $40.7M | $28.5M | ||
| Q2 25 | $40.9M | $26.8M | ||
| Q1 25 | $35.1M | $92.3M | ||
| Q4 24 | $26.9M | $26.8M | ||
| Q3 24 | $36.1M | $25.7M | ||
| Q2 24 | $38.6M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | 85.6% | ||
| Q3 24 | 45.6% | 85.0% | ||
| Q2 24 | 47.5% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 7.4% | 26.7% | ||
| Q3 25 | 20.5% | 27.9% | ||
| Q2 25 | 20.8% | 25.9% | ||
| Q1 25 | 19.5% | 22.4% | ||
| Q4 24 | 15.3% | 25.9% | ||
| Q3 24 | 22.6% | 24.5% | ||
| Q2 24 | 24.3% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 4.4% | 15.2% | ||
| Q3 25 | 14.7% | 16.2% | ||
| Q2 25 | 15.5% | 15.4% | ||
| Q1 25 | 15.2% | 53.9% | ||
| Q4 24 | 13.9% | 16.5% | ||
| Q3 24 | 15.8% | 15.8% | ||
| Q2 24 | 17.1% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.62 | $0.99 | ||
| Q3 25 | $2.41 | $1.02 | ||
| Q2 25 | $2.43 | $0.96 | ||
| Q1 25 | $2.05 | $3.24 | ||
| Q4 24 | $1.60 | $0.91 | ||
| Q3 24 | $2.26 | $0.88 | ||
| Q2 24 | $2.47 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $2.3B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $40.2M | $196.6M | ||
| Q3 25 | $31.5M | $237.6M | ||
| Q2 25 | $38.0M | $227.9M | ||
| Q1 25 | $225.8M | $251.4M | ||
| Q4 24 | $213.8M | $315.9M | ||
| Q3 24 | $273.2M | $84.0M | ||
| Q2 24 | $18.9M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-736.8M | ||
| Q3 25 | $1.1B | $-702.6M | ||
| Q2 25 | $1.1B | $-686.0M | ||
| Q1 25 | $1.1B | $-715.0M | ||
| Q4 24 | $1.0B | $-675.6M | ||
| Q3 24 | $1.0B | $-447.5M | ||
| Q2 24 | $650.2M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $2.3B | $693.4M | ||
| Q3 25 | $1.5B | $721.0M | ||
| Q2 25 | $1.5B | $708.3M | ||
| Q1 25 | $1.4B | $696.8M | ||
| Q4 24 | $1.4B | $716.2M | ||
| Q3 24 | $1.4B | $484.8M | ||
| Q2 24 | $1.1B | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $57.3M | ||
| Q3 25 | $61.8M | $63.9M | ||
| Q2 25 | $60.6M | $6.6M | ||
| Q1 25 | $27.3M | $25.3M | ||
| Q4 24 | $11.6M | $7.7M | ||
| Q3 24 | $66.8M | $69.0M | ||
| Q2 24 | $62.7M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $22.7M | $34.5M | ||
| Q3 25 | $58.7M | $61.7M | ||
| Q2 25 | $57.7M | $-7.8M | ||
| Q1 25 | $22.8M | $17.3M | ||
| Q4 24 | $8.5M | $-8.6M | ||
| Q3 24 | $61.3M | $54.9M | ||
| Q2 24 | $59.6M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 19.6% | ||
| Q3 25 | 21.2% | 35.1% | ||
| Q2 25 | 21.9% | -4.5% | ||
| Q1 25 | 9.9% | 10.1% | ||
| Q4 24 | 4.4% | -5.3% | ||
| Q3 24 | 26.9% | 33.8% | ||
| Q2 24 | 26.3% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 13.0% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 1.1% | 8.2% | ||
| Q1 25 | 2.0% | 4.7% | ||
| Q4 24 | 1.6% | 10.1% | ||
| Q3 24 | 2.4% | 8.7% | ||
| Q2 24 | 1.4% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 2.14× | ||
| Q3 25 | 1.52× | 2.24× | ||
| Q2 25 | 1.48× | 0.25× | ||
| Q1 25 | 0.78× | 0.27× | ||
| Q4 24 | 0.43× | 0.29× | ||
| Q3 24 | 1.85× | 2.68× | ||
| Q2 24 | 1.62× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
