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Screener / SEC EDGAR /CIK 0001624794 /10-K filed May 26, 2026, compared with May 22, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
CSWTGLSTREXBCPCNPOWOR
NYSE Materials · Adhesives & Sealants

CSW Industrials, Inc. CSW

CSW quote by TradingView

CSW is a diversified industrial growth company with a strategic focus on providing niche, value-added products in the end markets we serve. 10-K, Item 1

Employees
1,200
Headquarters
Dallas, TX
CEO
Joseph B. Armes
Next results
around Jan 28, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $1.1B through the costs to a net profit of $112.0M · income statement of the 10-K

16% operating margin
Revenue to Gross profit: $453.7MRevenue to Cost of revenue: $628.9MGross profit to Operating profit: $168.5MGross profit to Operating expenses: $285.1MOperating profit to Net profit: $112.0MOperating profit to Tax & other: $56.5MOperating expenses to R&D: $5.8MOperating expenses to Sales, admin & other: $279.3M Revenue: $1.1B REVENUE $1.1B +23% Y/Y Gross profit: $453.7M · 42% margin GROSS PROFIT $453.7M 42% margin · +15% Y/Y Cost of revenue: $628.9M · 58% of revenue COST OF REVENUE $628.9M 58% of revenue Operating profit: $168.5M · 16% margin OPERATING PROFIT $168.5M 16% margin · −7% Y/Y Operating expenses: $285.1M · 26% of revenue OPERATING EXPENSES $285.1M 26% of revenue Net profit: $112.0M · 10% margin NET PROFIT $112.0M 10% margin · −18% Y/Y Tax & other: $56.5M · 5% of revenue TAX & OTHER $56.5M 5% of revenue R&D: $5.8M · 1% of revenue R&D $5.8M 1% of revenue Sales, admin & other: $279.3M · 26% of revenue SALES, ADMIN & OTHER $279.3M 26% of revenue
Gross profit $453.7M 42% margin · +15% Y/Y
Operating profit $168.5M 16% margin · −7% Y/Y
Net profit $112.0M 10% margin · −18% Y/Y
The full income statement, year by year

CSW among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 84 peers the company is above, not a score.

Compare
Revenue growth: 23.3%, above 92% of 84 peers (their median 3.6%) REVENUE GROWTH 23.3% · above 92% Gross margin: 42.1%, above 83% of 72 peers (their median 28.2%) GROSS MARGIN 42.1% · above 83% Operating margin: 16.9%, above 73% of 67 peers (their median 11.5%) OPERATING MARGIN 16.9% · above 73% Net margin: 10.2%, above 65% of 84 peers (their median 6.8%) NET MARGIN 10.2% · above 65% FCF margin: 14.2%, above 84% of 82 peers (their median 7.3%) FCF MARGIN 14.2% · above 84% Return on capital: 6.9%, above 36% of 53 peers (their median 8.8%) RETURN ON CAPITAL 6.9% · above 36%
CSW Peer median Below the median

What changed

9 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed May 26, 2026 against May 22, 2025.

Risk factors
9 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +35.1% ($155.7M to $210.3M) vs revenue +23.3% ($878.3M to $1.1B), +11.8 pts apart
10-K · XBRL
Inventory growing faster than revenue
Inventory +58.9% ($194.9M to $309.7M) vs revenue +23.3% ($878.3M to $1.1B), +35.7 pts apart
10-K · XBRL
Accounting checks
8 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 8 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +35.1% ($155.7M to $210.3M) vs revenue +23.3% ($878.3M to $1.1B), +11.8 pts apart
  • Inventory growing faster than revenue
    Inventory +58.9% ($194.9M to $309.7M) vs revenue +23.3% ($878.3M to $1.1B), +35.7 pts apart
  • Cash from operations $149.7M vs net income $112.0M (FY ending Mar 31, 2026)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: GRANT THORNTON LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

9 paragraphs in Risk Factors that were not in the 10-K filed May 22, 2025. Quoted as filed.

All 9 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed May 22, 2025 10-K, ITEM 1A
    We have significant manufacturing operations in Vietnam, in addition to using third parties located in China and elsewhere outside the United States to manufacture some of our products. Since February 2025, the President of the United States has issued various executive orders to regulate imports by imposing reciprocal country-specific…
  2. Item 1A · new paragraph · not in the 10-K filed May 22, 2025 10-K, ITEM 1A
    Conditions in the Middle East, including current uncertainty and instability resulting from the conflict between the United States, Israel and Iran, as well as other regional hostilities could adversely affect our business. The ongoing conflict in the Middle East, including active military operations in Iran beginning February 28, 2026,…
  3. Item 1A · new paragraph · not in the 10-K filed May 22, 2025 10-K, ITEM 1A
    Artificial Intelligence Technologies Could Present Business, Compliance, and Reputational Risks. Recent technological advances in artificial intelligence (“AI”) and machine-learning technology both present opportunities and pose risks to us. If we fail to keep pace with rapidly evolving technological developments in AI, our competitive…

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$757.9M$792.8M$878.3M$1.1B
Net income$96.4M$101.6M$136.7M$112.0M
Operating cash flow$121.5M$164.3M$168.4M$149.7M
Free cash flow$107.5M$147.8M$152.1M$132.4M

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$1.1B ▲ 23.3% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

CSW Industrials, Inc., Dallas, TX · from the 10-K filed May 26, 2026

CSW is a diversified industrial growth company with a strategic focus on providing niche, value-added products in the end markets we serve. We operate in three business segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions. Our products include mechanical products for heating, ventilation, air conditioning and refrigeration ("HVAC/R"), plumbing products, grilles, registers and diffusers ("GRD"), building safety solutions and high-performance specialty lubricants and sealants. End markets that we serve include HVAC/R, architecturally-specified building products, plumbing, general industrial, energy, rail transportation, mining and electrical.

Headquarters
Dallas, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
March 31
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "During the fiscal year ended March 31, 2025, we started offering enhanced retirement benefits to our workforce of approximately 1,200 employees in Vietnam and became a pioneer in bringing such benefit to our employees" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed May 26, 2026 (open at SEC), compared with the 10-K filed May 22, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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