Friday 6 November 2026
Export CSW’s income statement to Excel — free account
CSW Industrials, Inc.
CSW Industrials Specialty Industrial Machinery
CSW Industrials, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.1 billion, up 23.3% from fiscal 2025.
- Revenue
- +30.5%
- EPS
- +21.5%
- Free cash flow
- +56.6%
- Total debt
- +1,174.3%
Quarter to September 2026, against a year earlier
275.96
19.39
−6.57%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 287 | 326 | 350 | 386 | 419 | 626 | 758 | 793 | 878 | 1,083 | 1,254 | +15.9% | 1,304 | 1,357 | 1,397 | +8.9% | |
| Gross margin, % | 44.86 | 45.35 | 46.09 | 45.83 | 44.02 | 40.86 | 41.99 | 44.24 | 44.78 | 41.91 | 42.13 | (3.0) pt | ||||||
| EBT | 32 | 48 | 61 | 57 | 51 | 91 | 126 | 140 | 180 | 146 | 166 | +18.3% | ||||||
| EBT margin, % | 11.19 | 14.79 | 17.55 | 14.87 | 12.13 | 14.60 | 16.61 | 17.72 | 20.51 | 13.45 | 13.21 | +2.3 pt | ||||||
| Net income | 11 | (12) | 46 | 46 | 40 | 67 | 97 | 103 | 137 | 113 | 129 | +29.4% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 18.22 | 20.82 | 22.72 | 25.66 | 27.92 | 39.76 | 48.87 | 51.04 | 54.08 | 65.01 | 76.98 | +15.2% | |||||
| Earnings | 0.70 | (0.76) | 2.96 | 3.05 | 2.68 | 4.21 | 6.22 | 6.54 | 8.41 | 6.73 | 7.84 | +28.6% | ||||||
| Cash flow | 2.47 | 2.75 | 3.87 | 4.65 | 4.41 | 4.39 | 7.83 | 10.58 | 10.37 | 8.99 | 12.17 | +15.4% | ||||||
| Capex | (0.40) | (0.31) | (0.02) | (0.67) | (0.18) | (0.98) | (0.89) | (0.82) | (0.93) | (1.02) | (1.25) | +11.1% | ||||||
| Free cash flow | 2.08 | 2.44 | 3.85 | 3.97 | 4.24 | 3.40 | 6.94 | 9.76 | 9.44 | 7.96 | 10.91 | +16.1% | ||||||
| Book value | 17.27 | 16.96 | 17.11 | 18.40 | 27.67 | 29.77 | 33.89 | 39.64 | 66.02 | 63.08 | 68.60 | +15.5% | ||||||
| Shares, m | 16 | 16 | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 17 | 16 | +0.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 52.43 | 0.00 | 19.55 | 21.33 | 50.19 | 28.54 | 22.34 | 35.46 | 34.54 | 38.89 | 35.20 | 30.3 | |||||
| P/S | 2.01 | 2.12 | 2.54 | 2.53 | 4.84 | 2.96 | 2.84 | 4.54 | 5.39 | 4.01 | 3.59 | 3.4 | ||||||
| P/B | 2.12 | 2.60 | 3.37 | 3.52 | 4.88 | 3.95 | 4.10 | 5.85 | 4.42 | 4.13 | 4.02 | 3.9 | ||||||
| EV/Sales | 2.18 | 2.16 | 2.55 | 2.51 | 5.39 | 3.33 | 3.17 | 4.74 | 5.28 | 4.78 | 4.17 | 3.6 | ||||||
| EV/FCF | 19.14 | 18.40 | 15.05 | 16.20 | 35.52 | 38.99 | 22.29 | 24.78 | 30.22 | 39.02 | 29.37 | 26.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 39 | 43 | 60 | 70 | 66 | 69 | 121 | 164 | 168 | 150 | 198 | +16.1% | |||||
| Capex | (6) | (5) | 0 | (10) | (3) | (16) | (14) | (13) | (15) | (17) | (20) | +11.8% | ||||||
| Free cash flow | 33 | 38 | 59 | 60 | 64 | 54 | 108 | 152 | 153 | 133 | 178 | +16.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 109 | 83 | 102 | 91 | 136 | 183 | 215 | 216 | 446 | 362 | 354 | +14.3% | |||||
| Net debt | 48 | 12 | 5 | (7) | 232 | 236 | 245 | 144 | (226) | 835 | 727 | +37.3% | ||||||
| Shareholders’ equity | 272 | 266 | 264 | 277 | 415 | 469 | 526 | 616 | 1,072 | 1,050 | 1,117 | +16.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 2.80 | (3.21) | 13.14 | 12.67 | 6.42 | 7.08 | 9.46 | 9.74 | 11.28 | 6.06 | 6.63 | +3.3 pt | |||||
| ROIC | 6.24 | 11.16 | 14.07 | 15.28 | 5.71 | 8.63 | 11.28 | 13.09 | 13.38 | 5.59 | 7.19 | (0.6) pt | ||||||
| ROE | 4.17 | (4.42) | 17.22 | 16.92 | 11.59 | 15.01 | 19.39 | 17.81 | 16.19 | 10.56 | 11.35 | +6.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 750 | 730 | 730 | 730 | 2,300 | 2,400 | 2,400 | 2,600 | 2,600 | 2,700 | — | +15.3% | |||||
| Revenue/emp, $m | 0.38 | 0.45 | 0.48 | 0.53 | 0.18 | 0.26 | 0.32 | 0.30 | 0.34 | 0.40 | — | +0.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
CSW Industrials, Inc. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GTES Gates Industrial Corporation PLC | $5.9B | 16.3× | 16.2× | +5.60% (above 0%: growing) | +9.68% (above 0%: growing) | −47.48% (below 0%: shrinking) | 42.42% | 14.53% | Compare |
| MIDD The Middleby Corporation | $5.9B | — (loss-making) | 21.5× | +9.88% (above 0%: growing) | −39.80% (below 0%: shrinking) | −544.63% (below 0%: shrinking) | 38.27% | 16.87% | Compare |
| NPO Enpro Inc. | $5.5B | 87.4× | 44.4× | +22.40% (above 0%: growing) | +84.55% (above 0%: growing) | +30.13% (above 0%: growing) | 43.67% | 18.04% | Compare |
| CSW CSW Industrials, Inc. | $4.5B | 35.2× | 30.1× | +30.51% (above 0%: growing) | +21.47% (above 0%: growing) | +56.64% (above 0%: growing) | 42.03% | 20.90% | |
| FELE Franklin Electric Co., Inc. | $4.2B | 21.3× | 21.1× | +8.92% (above 0%: growing) | +273.30% (above 0%: growing) | −28.37% (below 0%: shrinking) | 35.36% | 13.65% | Compare |
| MIR Mirion Technologies, Inc. | $4.2B | 146× | 113× | +24.52% (above 0%: growing) | +222.00% (above 0%: growing) | +255.64% (above 0%: growing) | 47.34% | 6.19% | Compare |
| MWA MUELLER WATER PRODUCTS | $3.9B | 17.2× | 15.6× | +4.10% (above 0%: growing) | +26.47% (above 0%: growing) | +70.92% (above 0%: growing) | 39.35% | 20.36% | Compare |
| XE X-Energy, Inc. | $3.7B | — | — | — | n/m | — | 100.00% | (201.52%) | Compare |
| KAI Kadant Inc | $3.5B | 30.0× | 26.4× | +15.32% (above 0%: growing) | +28.59% (above 0%: growing) | +15.90% (above 0%: growing) | 44.73% | 17.10% | Compare |
| Median of peers | $4.2B | 25.6× | 21.5× | +9.88% | +28.59% | +15.90% | 43.05% | 15.70% |
Pay and ownership Proxy statement filed 16 July 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 7.27m | 1.04m | 193.60 |
| 2025 | 6.33m | 17.69m | 215.90 |
| 2024 | 5.96m | 24.80m | 173.80 |
| 2023 | 4.28m | 9.43m | 102.90 |
| 2022 | 17.04m | 12.48m | 87.09 |
Ownership
Directors and executive officers, together
1.20%
BlackRock, Inc.
13.90%
Vanguard Portfolio Management
5.53%
Wasatch Advisors LP
5.30%
Vanguard Capital Management
5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
CSW Industrials, Inc. (CSW) Latest News
29 Oct
30 Jul
26 May
27 Apr
CSW metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score