CSWNYSEAdhesives & SealantsFiscal year ends March 31
CSW INDUSTRIALS, INC.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$287.30−1.05 (-0.36%)
Close on Oct 19, 2026
- Market cap
- $4.70B
- P/E (TTM)
- 39.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2026
Gross margin
41.9%−2.1 pts over 5 years
Operating margin
15.6%+1.4 pts over 5 years
Net margin
10.4%+0.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +23.3% | +12.6% | +20.9% | +15.0% | |
| Gross profit | +15.3% | +12.5% | +19.7% | +12.9% | |
| Operating income | -7.0% | +6.6% | +23.3% | +13.8% | |
| Net income | -18.0% | +5.1% | +22.8% | +16.0% | |
| EPS, diluted | -20.0% | +2.6% | +20.4% | +15.3% | |
| Free cash flow | -13.0% | +7.2% | +18.2% | +15.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 4.2% | 11.5% | – | |
| Return on assets | 2.8% | 6.4% | 6.1% | |
| Current ratio | 3.82 | 2.65 | 2.60 | |
| Debt to equity | 0.27 | 0.58 | – | |
| Net debt to EBITDA | 1.09× | 2.83× | – | |
| Inventory turnover | 3.3× | 2.9× | 2.5× | |
| Capex to revenue | 2.4% | 2.1% | 1.6% | |
| Diluted shares | 16M | 15M | 17M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Csw Industrials generated $672.89M from operations and spent $378.21M on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$672.89M
Used
$378.21M
Capital expenditure$79.70M21%Dividends$64.42M17%Share buybacks$234.09M62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.7%
×Asset turnover0.74×
×Equity multiplier2.05×
=Return on equity, FY202319.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 12.7% | 0.74× | 2.05× | 19.4% |
| FY2022 | 10.6% | 0.67× | 2.12× | 15.0% |
| FY2021 | 9.6% | 0.67× | 1.80× | 11.5% |
| FY2020 | 11.8% | 1.06× | 1.33× | 16.7% |
| FY2019 | 13.0% | 1.01× | 1.30× | 17.1% |
| FY2018 | -3.6% | 0.88× | 1.37× | -4.4% |
| FY2017 | 3.9% | 0.73× | 1.49× | 4.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$112.05M
- Cash generatingOperating cash flow above zero$149.65M
- Return on assets improvedROA up on the prior year13.1% → 8.1%
- Earnings backed by cashOperating cash flow above net income$149.65M vs $112.05M
- Less leverageLong-term debt to assets fell0.0% → 36.3%
- Better liquidityCurrent ratio rose4.03 → 2.60
- No dilutionShare count did not rise16M → 17M
- Gross margin improvedGross margin up on the prior year44.78% → 41.91%
- More efficientAsset turnover rose0.84 → 0.78