CSW Industrials (CSW) financial statements
CSW Industrials reported revenue of $1.1B in fiscal 2026, up 15.9% a year over 9 years.
Net income was $112M and the operating margin 15.6%, against 11.1% in 2017.
Free cash flow was $132M, and the company returned $18M in dividends and $133M in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CSW Industrials's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $287M | $326M | $350M | $386M | $419M | $626M | $758M | $793M | $878M | $1.1B |
| Cost of revenue | $159M | $178M | $189M | $209M | $235M | $370M | $440M | $442M | $485M | $629M |
| Gross profit | $129M | $148M | $161M | $177M | $185M | $256M | $318M | $351M | $393M | $454M |
| Research and development | — | — | — | — | — | — | $5M | $6M | $5M | $6M |
| Selling, general and admin | $96M | $98M | $101M | $110M | $125M | $159M | $179M | $190M | $212M | $270M |
| Operating income | $32M | $50M | $60M | $66M | $59M | $97M | $139M | $159M | $181M | $169M |
| Pre-tax income | $32M | $48M | $61M | $57M | $51M | $91M | $126M | $140M | $180M | $146M |
| Income tax | $14M | $16M | $15M | $13M | $11M | $24M | $29M | $38M | $43M | $33M |
| Net income | $11M | -$12M | $46M | $46M | $40M | $66M | $96M | $102M | $137M | $112M |
| EPS (diluted) | $0.70 | -$0.76 | $2.93 | $3.01 | $2.65 | $4.20 | $6.20 | $6.52 | $8.38 | $6.70 |
| Diluted shares | 16M | 16M | 16M | 15M | 15M | 16M | 16M | 16M | 16M | 17M |
| Gross margin | 44.9% | 45.3% | 46.1% | 45.8% | 44.0% | 40.9% | 42.0% | 44.2% | 44.8% | 41.9% |
| Operating margin | 11.1% | 15.2% | 17.3% | 17.1% | 14.1% | 15.5% | 18.3% | 20.1% | 20.6% | 15.6% |
| Net margin | 3.9% | -3.6% | 13.0% | 11.8% | 9.6% | 10.6% | 12.7% | 12.8% | 15.6% | 10.4% |
Balance sheet
Fiscal years, from CSW Industrials's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $23M | $12M | $27M | $18M | $10M | $17M | $18M | $22M | $226M | $34M |
| Receivables | $60M | $63M | $66M | $75M | $97M | $123M | $123M | $143M | $156M | $210M |
| Inventory | $44M | $43M | $51M | $59M | $103M | $150M | $162M | $151M | $195M | $310M |
| Total current assets | $147M | $128M | $151M | $150M | $219M | $300M | $323M | $331M | $593M | $589M |
| Property, plant and equipment | $57M | $54M | $54M | $57M | $83M | $87M | $88M | $93M | $93M | $108M |
| Goodwill | $81M | $82M | $86M | $92M | $219M | $225M | $243M | $247M | $264M | $633M |
| Total assets | $398M | $341M | $353M | $374M | $880M | $995M | $1.0B | $1.0B | $1.4B | $2.3B |
| Total current liabilities | $38M | $45M | $49M | $59M | $83M | $117M | $108M | $116M | $147M | $227M |
| Long-term debt | $73M | $23M | $31M | $10M | $242M | $252M | $253M | $166M | $0 | $840M |
| Total liabilities | $126M | $75M | $89M | $93M | $464M | $511M | $499M | $408M | $287M | $1.2B |
| Shareholders' equity | $272M | $266M | $267M | $280M | $415M | $469M | $526M | $616M | $1.1B | $1.1B |
| Net debt | $50M | $12M | $5M | -$7M | $232M | $236M | $235M | $144M | -$226M | $835M |
Cash flow
Fiscal years, from CSW Industrials's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39M | $43M | $60M | $70M | $66M | $69M | $121M | $164M | $168M | $150M |
| Capital spending | $7M | $6M | $8M | $11M | $9M | $16M | $14M | $17M | $16M | $17M |
| Free cash flow | $32M | $38M | $52M | $58M | $57M | $53M | $108M | $148M | $152M | $132M |
| Stock-based compensation | $3M | $4M | $4M | $5M | $5M | — | — | — | — | — |
| Dividends paid | $0 | $0 | $0 | $8M | $8M | $9M | $11M | $12M | $15M | $18M |
| Share buybacks (net) | -$1M | -$2M | -$47M | -$28M | -$10M | -$19M | -$39M | -$15M | -$28M | -$133M |
| Net borrowing | — | — | — | — | — | — | — | $0 | $0 | -$8M |
| Free cash flow margin | 11.2% | 11.5% | 14.9% | 15.2% | 13.7% | 8.5% | 14.2% | 18.6% | 17.3% | 12.2% |
| Dividends per share | — | — | — | $0.53 | $0.53 | $0.60 | $0.68 | $0.76 | $0.89 | $1.08 |
Questions
What was CSW Industrials's revenue in 2026?
$1.1B in fiscal 2026, from its 10-K filing.
How much free cash flow does CSW Industrials generate?
$132M in fiscal 2026 (operating cash flow minus capital spending).
From CSW Industrials's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.