CSW Industrials, Inc. (CSW) Income Statement
CSW FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsCSW revenue and net income
Where CSW's revenue goes
FY2026Each bar shows an amount and its share of revenue. CSW kept 10.3% of revenue as net income.
CSW profit margins
CSW growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.3% | +12.6% | +11.6% | +13.0% |
| Gross profit | +15.3% | +12.5% | +12.1% | +11.9% |
| Operating income | +1.6% | +9.8% | +13.6% | +14.5% |
| Net income | −18.0% | +5.1% | +11.0% | +16.0% |
| EPS (diluted) | +16.1% | +17.1% | +27.5% | +27.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CSW quarterly EPS vs estimates
CSW Industrials beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $3.69).
CSW income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $878.3M | $792.8M | $757.9M | $626.4M | $626.4M | $385.9M | $350.2M | $326.2M | $327.1M |
| Cost of revenue | $628.9M | $485.0M | $442.1M | $439.7M | $373.7M | $370.5M | $209.0M | $188.8M | $178.3M | $193.2M |
| Gross profit | $453.7M | $393.3M | $350.7M | $318.2M | $252.7M | $256.0M | $176.8M | $161.4M | $147.9M | $133.8M |
| Research & development | — | $5.3M | $5.9M | $4.8M | $4.8M | $4.5M | $4.3M | $4.3M | $4.6M | $4.8M |
| Sales, general & admin | $269.5M | $203.3M | $183.6M | $174.4M | $158.6M | — | — | $100.9M | $97.2M | $107.2M |
| Total operating expenses | $269.5M | $212.1M | $191.6M | $179.1M | $154.6M | $158.6M | $111.0M | $100.9M | $97.2M | $107.2M |
| Operating income | $184.2M | $181.2M | $159.1M | $139.1M | $98.1M | $97.4M | $65.9M | $60.4M | $50.7M | $22.5M |
| Interest income | — | $269,000 | $12.4M | $12.8M | — | — | — | — | — | — |
| Interest expense | $22.2M | $269,000 | $12.7M | $13.2M | $5.4M | $2.4M | $1.3M | $1.4M | $2.3M | $2.7M |
| Income before taxes | $145.5M | $180.1M | $140.5M | $125.9M | $91.5M | $91.5M | $57.4M | $61.4M | $48.2M | $21.5M |
| Income taxes | $32.7M | $42.6M | $37.9M | $29.3M | $24.1M | $24.1M | $12.7M | $15.4M | $15.6M | $10.5M |
| Net income | $112.0M | $136.7M | $101.6M | $96.4M | $66.4M | $66.4M | $45.7M | $45.6M | −$11.9M | $11.1M |
| EBITDA | $249.9M | $223.4M | $198.9M | $174.5M | $133.1M | $133.8M | $73.6M | $76.9M | $65.2M | $48.0M |
| EPS (diluted) | $9.95 | $8.57 | $6.53 | $6.20 | $4.10 | $2.95 | $2.87 | $2.55 | $1.84 | $1.47 |
| Gross margin | 41.9% | 44.8% | 44.2% | 42.0% | 40.3% | 40.9% | 45.8% | 46.1% | 45.3% | 40.9% |
| Operating margin | 17.0% | 20.6% | 20.1% | 18.3% | 15.7% | 15.5% | 17.1% | 17.3% | 15.5% | 6.9% |
| Net margin | 10.3% | 15.6% | 12.8% | 12.7% | 10.6% | 10.6% | 11.8% | 13.0% | −3.6% | 3.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $350.6M | $309.0M | $233.0M | $277.0M | $263.6M | $230.5M | $193.6M | $227.9M | $226.2M | $210.9M | $175.0M | $203.7M |
| Cost of revenue | $193.3M | $182.3M | $140.5M | $157.8M | $148.2M | $128.7M | $113.5M | $124.0M | $118.8M | $117.2M | $101.0M | $112.7M |
| Gross profit | $157.4M | $126.6M | $92.4M | $119.2M | $115.4M | $101.9M | $80.1M | $103.9M | $107.4M | $93.6M | $74.0M | $91.0M |
| Research & development | — | — | — | — | — | $5.3M | — | — | — | $5.9M | — | — |
| Sales, general & admin | $77.5M | $71.4M | $75.1M | $62.2M | $60.6M | $49.7M | $50.5M | $52.4M | $52.4M | $41.3M | — | — |
| Total operating expenses | $77.5M | $73.5M | $73.2M | $62.2M | $60.6M | $56.8M | $49.4M | $52.4M | $52.4M | $49.3M | $46.4M | $49.0M |
| Operating income | $79.9M | $53.1M | $19.2M | $57.0M | $54.9M | $45.0M | $30.7M | $51.5M | $55.1M | $44.3M | $27.6M | $42.0M |
| Interest income | — | — | $7.9M | $1.3M | $422,000 | $1.5M | $2.7M | $2.1M | — | — | — | — |
| Interest expense | $12.7M | $11.8M | $8.1M | $1.3M | $1.0M | $1.6M | $5.2M | $1.3M | $2.5M | $2.6M | $2.8M | $3.3M |
| Income before taxes | $66.9M | $27.8M | $7.9M | $55.5M | $54.4M | $46.5M | $31.3M | $49.5M | $52.8M | $42.0M | $16.4M | $40.6M |
| Income taxes | $17.1M | $7.5M | −$2.7M | $14.7M | $13.2M | $11.5M | $4.3M | $12.9M | $13.9M | $10.0M | $7.1M | $10.4M |
| Net income | $49.8M | $20.2M | $10.3M | $40.7M | $40.9M | $35.1M | $26.9M | $36.1M | $38.6M | $31.8M | $9.2M | $30.1M |
| EBITDA | $100.3M | $75.7M | $35.3M | $70.1M | $68.7M | $55.7M | $41.3M | $60.6M | $65.3M | $56.5M | $28.5M | $53.5M |
| EPS (diluted) | $3.84 | $3.14 | $1.42 | $2.96 | $2.43 | $2.24 | $1.60 | $2.26 | $2.47 | $2.04 | $0.59 | $1.93 |
| Gross margin | 44.9% | 41.0% | 39.7% | 43.0% | 43.8% | 44.2% | 41.4% | 45.6% | 47.5% | 44.4% | 42.3% | 44.7% |
| Operating margin | 22.8% | 17.2% | 8.3% | 20.6% | 20.8% | 19.5% | 15.9% | 22.6% | 24.3% | 21.0% | 15.8% | 20.6% |
| Net margin | 14.2% | 6.5% | 4.4% | 14.7% | 15.5% | 15.2% | 13.9% | 15.8% | 17.1% | 15.1% | 5.3% | 14.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CSW's financial statements (latest annual report filed May 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CSW financial results
In fiscal year 2026 (ended March 31, 2026), CSW Industrials reported revenue of $1.1 billion, up 23.3% from the year before. It had net income of $112.0 million (down 18.0%), a net profit margin of 10.3%. Diluted earnings per share came to $9.95. Over five years revenue grew at an average rate of 11.6% a year.
See the CSW stock overview for the latest quote and news, or the CSW chart for price history and technical indicators.
CSW income statement FAQ
What is CSW Industrials's annual revenue?
CSW Industrials reported total revenue of $1.1 billion for fiscal year 2026, which ended on March 31, 2026. That was up 23.3% from $878.3 million the previous year.
Is CSW Industrials profitable?
Yes. CSW Industrials reported net income of $112.0 million in fiscal 2026, a net profit margin of 10.3%; its operating margin was 17.0%.
What is CSW Industrials's gross margin?
CSW Industrials's gross margin was 41.9% in fiscal 2026: for every $100 of revenue, CSW Industrials kept $42 after the direct cost of its products and services.
How fast is CSW Industrials growing?
Revenue grew 11.6% a year on average over the last five fiscal years, from $626.4 million to $1.1 billion.
What are CSW Industrials's earnings per share?
CSW Industrials earned $9.95 per diluted share in fiscal 2026, compared with $8.57 a year earlier.
When will CSW Industrials report its next earnings?
CSW Industrials is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does CSW Industrials's fiscal year end?
CSW Industrials's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 26, 2026.