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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and ZIFF DAVIS, INC. (ZD). Click either name above to swap in a different company.
ZIFF DAVIS, INC. is the larger business by last-quarter revenue ($406.7M vs $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs 0.1%, a 4.3% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -1.5%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $22.7M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% CAGR vs 5.1%).
Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.
CSW vs ZD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $406.7M |
| Net Profit | $10.3M | $370.0K |
| Gross Margin | 39.7% | 85.9% |
| Operating Margin | 7.4% | 21.2% |
| Net Margin | 4.4% | 0.1% |
| Revenue YoY | 20.3% | -1.5% |
| Net Profit YoY | -61.9% | -99.4% |
| EPS (diluted) | $0.62 | $0.06 |
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 | $406.7M | ||
| Q3 25 | $277.0M | $363.7M | ||
| Q2 25 | $263.6M | $352.2M | ||
| Q1 25 | $230.5M | $328.6M | ||
| Q4 24 | $193.6M | $412.8M | ||
| Q3 24 | $227.9M | $353.6M | ||
| Q2 24 | $226.2M | $320.8M | ||
| Q1 24 | $210.9M | $314.5M |
| Q4 25 | $10.3M | $370.0K | ||
| Q3 25 | $40.7M | $-3.6M | ||
| Q2 25 | $40.9M | $26.3M | ||
| Q1 25 | $35.1M | $24.2M | ||
| Q4 24 | $26.9M | $64.1M | ||
| Q3 24 | $36.1M | $-48.6M | ||
| Q2 24 | $38.6M | $36.9M | ||
| Q1 24 | $31.8M | $10.6M |
| Q4 25 | 39.7% | 85.9% | ||
| Q3 25 | 43.0% | 85.4% | ||
| Q2 25 | 43.8% | 86.1% | ||
| Q1 25 | 44.2% | 85.6% | ||
| Q4 24 | 41.4% | 87.1% | ||
| Q3 24 | 45.6% | 85.5% | ||
| Q2 24 | 47.5% | 84.4% | ||
| Q1 24 | 44.4% | 85.4% |
| Q4 25 | 7.4% | 21.2% | ||
| Q3 25 | 20.5% | 7.8% | ||
| Q2 25 | 20.8% | 9.5% | ||
| Q1 25 | 19.5% | 10.7% | ||
| Q4 24 | 15.3% | 19.0% | ||
| Q3 24 | 22.6% | -8.3% | ||
| Q2 24 | 24.3% | 8.9% | ||
| Q1 24 | 21.0% | 11.4% |
| Q4 25 | 4.4% | 0.1% | ||
| Q3 25 | 14.7% | -1.0% | ||
| Q2 25 | 15.5% | 7.5% | ||
| Q1 25 | 15.2% | 7.4% | ||
| Q4 24 | 13.9% | 15.5% | ||
| Q3 24 | 15.8% | -13.7% | ||
| Q2 24 | 17.1% | 11.5% | ||
| Q1 24 | 15.1% | 3.4% |
| Q4 25 | $0.62 | $0.06 | ||
| Q3 25 | $2.41 | $-0.09 | ||
| Q2 25 | $2.43 | $0.62 | ||
| Q1 25 | $2.05 | $0.56 | ||
| Q4 24 | $1.60 | $1.53 | ||
| Q3 24 | $2.26 | $-1.11 | ||
| Q2 24 | $2.47 | $0.77 | ||
| Q1 24 | $2.03 | $0.23 |
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 | $607.0M |
| Total DebtLower is stronger | — | $866.5M |
| Stockholders' EquityBook value | $1.1B | $1.8B |
| Total Assets | $2.3B | $3.7B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $607.0M | ||
| Q3 25 | $31.5M | $503.4M | ||
| Q2 25 | $38.0M | $457.3M | ||
| Q1 25 | $225.8M | $431.0M | ||
| Q4 24 | $213.8M | $505.9M | ||
| Q3 24 | $273.2M | $386.1M | ||
| Q2 24 | $18.9M | $687.2M | ||
| Q1 24 | $22.2M | $751.2M |
| Q4 25 | — | $866.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | $864.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $650.2M | $1.9B | ||
| Q1 24 | $615.7M | $1.9B |
| Q4 25 | $2.3B | $3.7B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.5B | $3.5B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.7B | ||
| Q3 24 | $1.4B | $3.4B | ||
| Q2 24 | $1.1B | $3.7B | ||
| Q1 24 | $1.0B | $3.7B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | 0.48× | ||
| 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 | $191.1M |
| Free Cash FlowOCF − Capex | $22.7M | $157.8M |
| FCF MarginFCF / Revenue | 9.8% | 38.8% |
| Capex IntensityCapex / Revenue | 2.6% | 8.2% |
| Cash ConversionOCF / Net Profit | 2.81× | 516.44× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $287.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $191.1M | ||
| Q3 25 | $61.8M | $138.3M | ||
| Q2 25 | $60.6M | $57.1M | ||
| Q1 25 | $27.3M | $20.6M | ||
| Q4 24 | $11.6M | $158.2M | ||
| Q3 24 | $66.8M | $106.0M | ||
| Q2 24 | $62.7M | $50.6M | ||
| Q1 24 | $22.4M | $75.6M |
| Q4 25 | $22.7M | $157.8M | ||
| Q3 25 | $58.7M | $108.2M | ||
| Q2 25 | $57.7M | $26.9M | ||
| Q1 25 | $22.8M | $-5.0M | ||
| Q4 24 | $8.5M | $131.1M | ||
| Q3 24 | $61.3M | $80.1M | ||
| Q2 24 | $59.6M | $25.1M | ||
| Q1 24 | $17.5M | $47.4M |
| Q4 25 | 9.8% | 38.8% | ||
| Q3 25 | 21.2% | 29.7% | ||
| Q2 25 | 21.9% | 7.6% | ||
| Q1 25 | 9.9% | -1.5% | ||
| Q4 24 | 4.4% | 31.8% | ||
| Q3 24 | 26.9% | 22.7% | ||
| Q2 24 | 26.3% | 7.8% | ||
| Q1 24 | 8.3% | 15.1% |
| Q4 25 | 2.6% | 8.2% | ||
| Q3 25 | 1.1% | 8.3% | ||
| Q2 25 | 1.1% | 8.6% | ||
| Q1 25 | 2.0% | 7.8% | ||
| Q4 24 | 1.6% | 6.6% | ||
| Q3 24 | 2.4% | 7.3% | ||
| Q2 24 | 1.4% | 8.0% | ||
| Q1 24 | 2.3% | 8.9% |
| Q4 25 | 2.81× | 516.44× | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | 2.17× | ||
| Q1 25 | 0.78× | 0.85× | ||
| Q4 24 | 0.43× | 2.47× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | 1.37× | ||
| Q1 24 | 0.71× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
