CSW Industrials (CSW)


Market Price (8/11/2026): $347.94 | Market Cap: $5.7 BilSector: Industrials | Industry: Industrial Conglomerates

CSW Industrials (CSW)


Market Price (8/11/2026): $347.94
Market Cap: $5.7 Bil
Sector: Industrials
Industry: Industrial Conglomerates

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%

Low stock price volatility
Vol 12M is 45%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Sustainable & Green Buildings, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Show more.

Trading close to highs
Dist 52W High is -0.8%

Weak multi-year price returns
2Y Excs Rtn is -32%

Key risks
CSW key risks include [1] an inability to find suitable acquisitions to support its long-term growth strategy.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%
2 Low stock price volatility
Vol 12M is 45%
3 Megatrend and thematic drivers
Megatrends include Advanced Materials, Sustainable & Green Buildings, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Show more.
4 Trading close to highs
Dist 52W High is -0.8%
5 Weak multi-year price returns
2Y Excs Rtn is -32%
6 Key risks
CSW key risks include [1] an inability to find suitable acquisitions to support its long-term growth strategy.

CSW in ETFs

Weight = CSW's share of each fund

ITOT0.01%
IWM0.19%
IJR0.31%
VB0.05%
SLYG0.37%
IJT0.37%
IWO0.35%
IJS0.26%
+11 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/3/2026

CSW Industrials (CSW) stock has gained about 20% since 4/30/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2027 Earnings Beat: CSW Industrials reported record adjusted diluted EPS of $3.84 for fiscal Q1 2027 (ended June 30, 2026), marking a 34.6% increase year-over-year and exceeding analyst consensus estimates of $3.48 by 10.34%. The company's total revenue also reached an all-time record of $350.6 million, representing a 33% increase from the prior-year quarter and surpassing analyst forecasts by 2.28%. This strong performance drove a stock surge of 15.29% on July 30, 2026.

2. Robust Revenue Growth Fueled by Strategic Acquisitions and Organic Expansion: The significant 33% revenue increase in fiscal Q1 2027 was substantially driven by $73.0 million in revenue from recent acquisitions, including MARS Parts and Aspen Manufacturing, which are reportedly integrating well and exceeding synergy targets. Complementing this inorganic growth, the company also achieved solid organic growth of 5.3% overall, with its Contractor Solutions segment experiencing a 5.9% organic revenue increase.

Show more
Updated on 8/3/2026

CSW Industrials (CSW) stock has gained about 20% since 4/30/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2027 Earnings Beat: CSW Industrials reported record adjusted diluted EPS of $3.84 for fiscal Q1 2027 (ended June 30, 2026), marking a 34.6% increase year-over-year and exceeding analyst consensus estimates of $3.48 by 10.34%. The company's total revenue also reached an all-time record of $350.6 million, representing a 33% increase from the prior-year quarter and surpassing analyst forecasts by 2.28%. This strong performance drove a stock surge of 15.29% on July 30, 2026.

2. Robust Revenue Growth Fueled by Strategic Acquisitions and Organic Expansion: The significant 33% revenue increase in fiscal Q1 2027 was substantially driven by $73.0 million in revenue from recent acquisitions, including MARS Parts and Aspen Manufacturing, which are reportedly integrating well and exceeding synergy targets. Complementing this inorganic growth, the company also achieved solid organic growth of 5.3% overall, with its Contractor Solutions segment experiencing a 5.9% organic revenue increase.

3. Significant Margin Expansion and Strong Cash Flow Generation: Fiscal Q1 2027 saw a record adjusted EBITDA of $101.6 million, a 48% increase compared to the prior-year period. This was accompanied by an adjusted EBITDA margin expansion of 290 basis points to 29.0%. The company also generated record cash flows from operations, totaling $75.6 million, which increased by 25% year-over-year, demonstrating enhanced operational efficiency and financial health.

4. Positive Analyst Sentiment and Upward Price Target Revisions: Following the impressive fiscal Q1 2027 results, the average analyst rating for CSW Industrials remained a "Buy". Several analysts reiterated their ratings and raised price targets for the stock in July 2026, contributing to positive market sentiment. The consensus 12-month price target stands at approximately $330.43, indicating continued confidence in the company's future performance.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 19.5% change in CSW stock from 4/30/2026 to 8/10/2026 was primarily driven by a 23.6% change in the company's P/E Multiple.
(LTM values as of)43020268102026Change
Stock Price ($)290.92347.7019.5%
Change Contribution By: 
Total Revenues ($ Mil)1,0041,17016.5%
Net Income Margin (%)12.6%10.3%-18.2%
P/E Multiple38.047.023.6%
Shares Outstanding (Mil)17161.5%
Cumulative Contribution19.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/10/2026
ReturnCorrelation
CSW19.5% 
Market (SPY)7.6%47.2%
Sector (XLI)5.7%61.1%

Fundamental Drivers

The 29.0% change in CSW stock from 1/31/2026 to 8/10/2026 was primarily driven by a 33.4% change in the company's P/E Multiple.
(LTM values as of)13120268102026Change
Stock Price ($)269.45347.7029.0%
Change Contribution By: 
Total Revenues ($ Mil)1,0041,17016.5%
Net Income Margin (%)12.6%10.3%-18.2%
P/E Multiple35.247.033.4%
Shares Outstanding (Mil)17161.5%
Cumulative Contribution29.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/10/2026
ReturnCorrelation
CSW29.0% 
Market (SPY)12.0%41.9%
Sector (XLI)11.9%59.8%

Fundamental Drivers

The 34.5% change in CSW stock from 7/31/2025 to 8/10/2026 was primarily driven by a 50.3% change in the company's P/E Multiple.
(LTM values as of)73120258102026Change
Stock Price ($)258.43347.7034.5%
Change Contribution By: 
Total Revenues ($ Mil)9161,17027.7%
Net Income Margin (%)15.2%10.3%-31.9%
P/E Multiple31.347.050.3%
Shares Outstanding (Mil)17162.9%
Cumulative Contribution34.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/10/2026
ReturnCorrelation
CSW34.5% 
Market (SPY)23.3%42.5%
Sector (XLI)22.7%57.4%

Fundamental Drivers

The 94.7% change in CSW stock from 7/31/2023 to 8/10/2026 was primarily driven by a 63.9% change in the company's P/E Multiple.
(LTM values as of)73120238102026Change
Stock Price ($)178.60347.7094.7%
Change Contribution By: 
Total Revenues ($ Mil)7581,17054.3%
Net Income Margin (%)12.7%10.3%-18.8%
P/E Multiple28.747.063.9%
Shares Outstanding (Mil)1516-5.2%
Cumulative Contribution94.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/10/2026
ReturnCorrelation
CSW94.7% 
Market (SPY)74.8%53.6%
Sector (XLI)74.1%62.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CSW Return9%-4%80%71%-16%20%221%
Peers Return19%-11%10%18%8%14%68%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
CSW Win Rate58%42%67%83%42%62% 
Peers Win Rate60%44%40%58%54%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CSW Max Drawdown-22%-22%-11%-18%-41%-25% 
Peers Max Drawdown-15%-33%-23%-18%-26%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: HON, DD, MMM, CSL, BBUC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/10/2026 (YTD)

How Low Can It Go

EventCSWS&P 500
2025 US Tariff Shock
  % Loss-19.1%-18.8%
  % Gain to Breakeven23.6%23.1%
  Time to Breakeven21 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.4%-24.5%
  % Gain to Breakeven25.6%32.4%
  Time to Breakeven52 days427 days
2020 COVID-19 Crash
  % Loss-20.6%-33.7%
  % Gain to Breakeven25.9%50.9%
  Time to Breakeven75 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-16.8%-19.2%
  % Gain to Breakeven20.2%23.8%
  Time to Breakeven14 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-10.0%-3.7%
  % Gain to Breakeven11.1%3.9%
  Time to Breakeven8 days6 days

Compare to HON, DD, MMM, CSL, BBUC

In The Past

CSW Industrials's stock fell -19.1% during the 2025 US Tariff Shock. Such a loss loss requires a 23.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCSWS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-20.4%-24.5%
  % Gain to Breakeven25.6%32.4%
  Time to Breakeven52 days427 days
2020 COVID-19 Crash
  % Loss-20.6%-33.7%
  % Gain to Breakeven25.9%50.9%
  Time to Breakeven75 days140 days

Compare to HON, DD, MMM, CSL, BBUC

In The Past

CSW Industrials's stock fell -19.1% during the 2025 US Tariff Shock. Such a loss loss requires a 23.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CSW Industrials (CSW)

CSW Industrials (CSW) is a diversified industrial company that manufactures and distributes a broad range of products across two primary segments: Industrial Products and Specialty Chemicals. Based in Dallas, Texas, the company provides essential solutions for various commercial and industrial applications in the United States and internationally.

The Industrial Products segment offers specialty mechanical components, such as grilles, registers, and diffusers, along with fire and smoke protection systems and architecturally specified building products. It also supplies storage and application equipment for its chemicals. In parallel, the Specialty Chemicals segment provides a comprehensive line of lubricants, greases, drilling compounds, anti-seize compounds, sealants (including fire stopping and pipe thread), adhesives, and cleaning formulations. These products are marketed under a portfolio of established brands like RectorSeal No. 5, Jet-Lube, and Smoke Guard.

CSW Industrials serves a wide array of vital markets, including heating, ventilation, and air conditioning (HVAC), plumbing, refrigeration, and commercial construction. Beyond building-related sectors, the company's products are critical for heavy industries such as oil and gas, mining, power generation, rail, cement, and water well drilling, among other general industrial applications. Its offerings help improve efficiency, safety, and longevity in demanding operational environments.

AI Analysis | Feedback

Here are 1-3 brief analogies for CSW Industrials:

  • A specialized 3M for industrial and construction businesses.
  • Similar to Illinois Tool Works (ITW), offering a wide range of specialized industrial products and chemicals.

AI Analysis | Feedback

  • Specialty Mechanical & HVAC Products: Includes grilles, registers, diffusers, and other specialized mechanical components for heating, ventilation, air conditioning, and general industrial applications.
  • Fire & Smoke Protection Products: Systems and materials, such as fire stopping sealants and smoke control systems, designed to enhance building safety.
  • Architecturally Specified Building Products: Building components selected to meet specific design, aesthetic, and functional requirements for commercial construction.
  • Industrial Lubricants & Greases: Specialized compounds to reduce friction, wear, and corrosion in machinery and equipment across various heavy industries.
  • Specialty Chemical Formulations: A diverse range of chemicals including drilling compounds, anti-seize compounds, degreasers, cleaners, penetrants, pipe thread sealants, and adhesives/solvent cement.
  • Storage, Filtration & Application Equipment: Equipment used for the safe and efficient storage, filtration, and application of industrial chemicals and other products.

AI Analysis | Feedback

CSW Industrials (CSW) primarily sells its products to other companies across a wide array of industrial and commercial sectors. The provided background information does not disclose the names of specific major customer companies.

However, the company's customer base is comprised of businesses operating in the following markets and industries:

  • Heating, Ventilation, and Air Conditioning (HVAC)
  • Plumbing and Refrigeration
  • Commercial Construction
  • Electrical
  • Rail Car and Locomotive
  • Cement
  • Energy (including Oil and Gas, Power Generation)
  • Infrastructure Drilling and Boring
  • Mining
  • Steel
  • Water Well Drilling
  • General Industrial applications

AI Analysis | Feedback

null

AI Analysis | Feedback

Joseph B. Armes, Chairman, Chief Executive Officer & President

Joseph B. Armes has served as Chairman of the Board and Chief Executive Officer of CSW Industrials since its spin-off from Capital Southwest Corporation in September 2015, and as President of the Company since February 2018. Prior to the spin-off, he was the Chief Executive Officer and President of Capital Southwest Corporation (CSWC) from June 2013 to September 2015, and Chairman of its board from January 2014 through August 2017. Mr. Armes began his career as an attorney specializing in mergers and acquisitions at the law firm of Weil, Gotshal and Manges, LLP. He also previously served as Chief Operating Officer of Hicks Holdings LLC, where he led the acquisition, management, and disposition of a diverse portfolio of private equity investments across various industries. While at Capital Southwest Corporation, the company engaged in "private equity-style" investing, involving buying, building, and exiting businesses. He served as a board member for RSP Permian, Inc. from 2013 through 2018, prior to its acquisition by Concho Resources, Inc., and for Switchback Energy Acquisition Corporation from 2019-2021, until its merger with ChargePoint Holdings, Inc.

James E. Perry, Executive Vice President and Chief Financial Officer

James E. Perry has been the Executive Vice President and Chief Financial Officer of CSW Industrials since June 2020. Before joining CSW Industrials, he served in various financial roles with Trinity Industries, a publicly held diversified industrial company, including as its Chief Financial Officer from 2010 to 2019. From 2001 to 2004, he was a senior financial executive at RMH Teleservices, holding the Chief Financial Officer position for a period. Mr. Perry started his career in the investment banking division at JP Morgan Chase & Co. and also worked in a consulting group at Ernst & Young LLP.

Donal J. Sullivan, Executive Vice President and Chief Strategy Officer

Donal J. Sullivan was appointed Executive Vice President and Chief Strategy Officer in April 2024. He joined CSW Industrials in 2015 through RectorSeal and held successive operating leadership roles, including Senior Vice President & General Manager, Industrial Products from 2016-2020, and General Manager, Contractor Solutions from 2020-2024. From May 2015 to January 2016, he served as the Chief Operating Officer for RectorSeal, an operating subsidiary of CSW Industrials. Before 2015, Mr. Sullivan was the Division President of Goodman Global, a member of the Daikin Group, from October 2010 to April 2015. Prior to 2005, he held various management positions in sales, product management, and general management at Carrier Corporation.

Luke E. Alverson, Senior Vice President, General Counsel & Secretary

Luke E. Alverson has served as Senior Vice President, General Counsel and Secretary of CSW Industrials since February 2016. From May 2008 to February 2016, he held roles of increasing responsibility at Flowserve Corporation, a global manufacturer of fluid motion control products, where his most recent position was Vice President, Corporate Legal Services and Assistant Secretary. Prior to 2008, Mr. Alverson was associated with the law firms of Vinson & Elkins, LLP and Hallett & Perrin, P.C., both in Dallas, Texas.

Craig J. Foster, Senior Vice President & General Manager, Specialty Chemicals

Craig J. Foster has served as Senior Vice President & General Manager, Specialty Chemicals since January 2016. Before this role, he was Vice President and General Manager, Elastomers Division, at Zeon Chemicals from June 2015 to August 2015. From 1995 to June 2015, Mr. Foster held positions of increasing responsibility with Flint Group, a specialty chemicals company, including regional president of China and India, president of EMEA, and president of pigments, chips, and resins. While at Flint Group, he also held functional executive responsibility for the company's global operations. Earlier in his career, Mr. Foster was a purchasing supervisor at Akzo Nobel Coatings and served over seven years in the U.S. Navy within the Nuclear Submarine Force and the Naval Mobile Construction Force.

AI Analysis | Feedback

The key risks to CSW Industrials' business are primarily driven by its acquisition-heavy growth strategy, exposure to cyclical end markets, and global trade dynamics.

Key Risks to CSW Industrials

  1. Acquisition-Driven Growth Strategy and Integration Challenges: CSW Industrials' business strategy heavily relies on acquiring and integrating other companies. This approach carries inherent risks such as potential overspending on acquisitions, difficulties in effectively integrating newly acquired businesses, managing increased debt levels, and the possibility of diluting the company's core focus. Recent financial results have shown that integration costs, higher interest expenses, and margin pressures related to these acquisitions can significantly impact net income. Failure to achieve anticipated synergies from these acquisitions could undermine the company's growth objectives and financial performance.
  2. Exposure to Cyclical End Markets and Organic Growth Concerns: A significant portion of CSW Industrials' revenue is tied to cyclical markets such as heating, ventilation, and air conditioning (HVAC/R) and commercial construction. These markets are highly sensitive to macroeconomic conditions, including housing slowdowns and fluctuating interest rates. There have been recent concerns about slow or declining organic growth across various segments, which acquisition-driven revenue growth can sometimes mask. Inflationary pressures and shifts in product mix have also contributed to the contraction of gross margins.
  3. Tariffs and Supply Chain Disruptions: As a diversified industrial company with international operations and a global supply chain, CSW Industrials is susceptible to the impacts of tariffs and broader supply chain disruptions. The company has manufacturing operations in Vietnam and utilizes third-party manufacturers in China, making it vulnerable to changes in trade policies and the imposition of tariffs. These external factors can lead to increased operational costs, reduced demand for products, and exert pressure on gross margins.

AI Analysis | Feedback

null

AI Analysis | Feedback

CSW Industrials (symbol: CSW) operates in diversified industrial and specialty chemicals markets. The addressable markets for its main products and services are substantial, both globally and within specific regions.

Specialty Chemicals Segment

  • The global specialty chemicals market was estimated at approximately USD 978,973.1 million in 2024 and is projected to reach about USD 1,312,777.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2030.
  • The global industrial lubricants market, which includes lubricants and greases, was valued at USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029, with a CAGR of 3.1%.
  • For drilling compounds, the global drilling fluids market size was valued at USD 9.85 billion in 2025 and is predicted to increase to approximately USD 15.32 billion by 2034, expanding at a CAGR of 5% from 2025 to 2034.
  • The global anti-seize compounds market was valued at USD 2.47 billion in 2024 and is likely to attain USD 5.38 billion by 2032, increasing at a CAGR of 10.2% from 2025 to 2032.
  • The global firestopping sealants market was valued at USD 660.5 million in 2025 and is projected to grow to USD 1,082.1 million by 2034, exhibiting a CAGR of 5.6% during the forecast period.
  • The global solvent-based adhesives market, encompassing adhesives and solvent cement, was estimated to be USD 16.84 billion in 2025 and is expected to grow to USD 27.46 billion in 2030, with a CAGR of 10.4%.

Industrial Products Segment

  • The global HVAC grills market, which includes grilles, registers, and diffusers, was valued at USD 613.00 million in 2024 and is projected to experience a CAGR of 5.30% to reach USD 835.66 million by 2030.
  • The global fire protection system market, covering fire and smoke protection products, is projected to grow from USD 85.06 billion in 2025 to USD 118.14 billion by 2030, at a CAGR of 6.8%. North America is projected to reach USD 42.95 billion by 2030 from USD 30.53 billion in 2025.
  • The global building & construction materials market, relevant to architecturally specified building products, is calculated at USD 2.32 trillion in 2025 and is expected to be worth around USD 3.90 trillion by 2034, growing at a CAGR of 5.95% over the forecast period. The U.S. building products spending is expected to reach $552 billion by 2029.
  • For general industrial applications including specialty mechanical products, and storage, filtration, and application equipment, the global industrial distribution market is expected to reach a value of USD 8,153.1 billion in 2024 and is further anticipated to reach USD 12,975.4 billion by 2033, at a CAGR of 5.3%. The U.S. industrial distribution market is projected to be valued at USD 2,687.8 billion in 2024 and is expected to reach USD 4,162.6 billion in 2033.

AI Analysis | Feedback

CSW Industrials (CSW) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, organic expansion, focused market penetration, new product integration, and pricing strategies. Here are the key drivers:
  • Strategic Acquisitions: The company consistently pursues a disciplined acquisition strategy, targeting niche industrial businesses that complement its existing segments, particularly in Contractor Solutions. Recent significant acquisitions like Aspen Manufacturing, MARS Parts, Hydrotex Holdings, ProAction Fluids, and Duckt-Strip are expected to contribute significantly to revenue growth and enhance market position. These acquisitions are aimed at expanding product offerings and market reach.
  • Organic Growth: CSW Industrials anticipates mid-single to high single-digit organic growth in the coming fiscal year. The Contractor Solutions segment, a primary revenue driver, has shown solid organic growth and is expected to continue this trend.
  • Expansion in HVAC/R Market: The company is strategically expanding its presence in the HVAC/R (heating, ventilation, air conditioning, and refrigeration) sector, with a particular focus on the fast-growing ductless application segment and repair parts. Acquisitions such as Aspen Manufacturing, MARS Parts, Duckt-Strip, and investments in Flair specifically bolster its offerings in this market, capitalizing on the shift from unit replacement to repair.
  • New Product Introductions and Distribution Network Leverage: CSW Industrials focuses on integrating new, innovative products, often brought in through acquisitions, into its established national distribution network. This approach facilitates cross-selling opportunities and accelerates product growth, leading to market share expansion. The company emphasizes leveraging its existing sales infrastructure to push these new product lines.
  • Targeted Pricing Actions: Management has indicated that it is taking targeted pricing actions to offset cost pressures and tariffs. These strategic price adjustments are expected to contribute to overall revenue growth.

AI Analysis | Feedback

Share Repurchases

  • CSW Industrials expanded its share repurchase program authorization to $250 million on December 15, 2025, with the program set to expire on December 31, 2026.
  • As of December 15, 2025, the company had repurchased approximately $98.7 million in shares under the program initiated in November 2024.
  • During the fiscal year ended March 31, 2025, CSW Industrials returned $18.3 million to shareholders through share repurchases.

Share Issuance

  • In September 2024, CSW Industrials completed a follow-on equity offering, receiving net proceeds of $347.4 million from the issuance of 1,265,000 shares.
  • The proceeds from this offering were utilized to support strategic acquisitions and general corporate purposes, including the repayment of outstanding debt on its revolving credit facility.

Outbound Investments

  • On November 2025, CSW Industrials acquired Motors & Armatures Parts (MARS Parts) for approximately $650 million.
  • In fiscal year 2025 (ended March 31, 2025), the company invested $84.7 million in the acquisitions of PSP Products and PF Waterworks.
  • On March 12, 2026, the company acquired Duckt-Strip® for $21 million and made an additional $4.8 million minority investment in Flair, an HVAC controls company.

Capital Expenditures

  • For the fiscal year ended March 31, 2025, CSW Industrials invested $16.3 million in organic capital expenditures.
  • In the third quarter of fiscal year 2026, the company invested $6.1 million in capital expenditures to fund long-term assets and infrastructure.

Better Bets vs. CSW Industrials (CSW)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CSWHONDDMMMCSLBBUCMedian
NameCSW Indu.Honeywel.DuPont d.3M Carlisle.Brookfie. 
Mkt Price347.70242.93141.55182.04385.2528.74212.49
Mkt Cap5.777.019.294.615.55.917.4
Rev LTM1,17036,1304,70125,1805,09726,94615,138
Op Inc LTM2095,9903875,1261,0174,1582,587
FCF LTM1444,0104913,985867-867
FCF 3Y Avg1525,062-5342,093924-924
CFO LTM1655,1181,0414,8991,010-1,041
CFO 3Y Avg1695,9656663,1941,053-1,053

Growth & Margins

CSWHONDDMMMCSLBBUCMedian
NameCSW Indu.Honeywel.DuPont d.3M Carlisle.Brookfie. 
Rev Chg LTM27.7%5.4%0.5%2.3%1.9%-10.5%2.1%
Rev Chg 3Y Avg15.7%0.1%-25.3%3.2%1.7%-20.3%0.9%
Rev Chg Q33.0%4.3%4.0%2.5%8.3%-3.0%4.1%
QoQ Delta Rev Chg LTM8.0%1.1%1.5%0.6%2.4%-0.7%1.3%
Op Inc Chg LTM15.5%-6.5%-0.3%7.0%-4.0%-15.7%-2.1%
Op Inc Chg 3Y Avg13.5%-5.5%-36.5%852.4%2.6%9.7%6.1%
Op Mgn LTM17.9%16.6%8.2%20.4%19.9%15.4%17.2%
Op Mgn 3Y Avg19.5%18.1%9.5%13.5%21.5%12.8%15.8%
QoQ Delta Op Mgn LTM0.9%-0.3%0.8%0.6%-0.1%0.2%0.4%
CFO/Rev LTM14.1%14.2%22.1%19.5%19.8%-19.5%
CFO/Rev 3Y Avg18.0%17.3%12.0%12.8%21.0%-17.3%
FCF/Rev LTM12.3%11.1%10.4%15.8%17.0%-12.3%
FCF/Rev 3Y Avg16.2%14.7%-8.8%8.4%18.5%-14.7%

Valuation

CSWHONDDMMMCSLBBUCMedian
NameCSW Indu.Honeywel.DuPont d.3M Carlisle.Brookfie. 
Mkt Cap5.777.019.294.615.55.917.4
P/S4.92.14.13.83.00.23.4
P/Op Inc27.112.949.718.515.21.416.8
P/EBIT29.56.773.119.814.71.417.3
P/E47.09.4349.831.621.495.639.3
P/CFO34.515.118.519.315.3-18.5
Total Yield2.5%14.7%2.5%4.8%5.9%3.1%4.0%
Dividend Yield0.3%4.0%2.2%1.7%1.2%2.0%1.9%
FCF Yield 3Y Avg3.4%7.1%-4.4%3.3%5.6%-3.4%
D/E0.20.40.20.10.27.60.2
Net D/E0.10.30.10.10.14.50.1

Returns

CSWHONDDMMMCSLBBUCMedian
NameCSW Indu.Honeywel.DuPont d.3M Carlisle.Brookfie. 
1M Rtn23.9%7.3%5.1%15.6%16.7%-7.3%11.4%
3M Rtn27.0%5.4%-6.7%27.7%8.1%-9.5%6.8%
6M Rtn15.1%-3.7%0.2%7.9%-3.5%-9.0%-1.7%
12M Rtn33.5%13.3%60.1%21.0%6.4%-9.0%17.2%
3Y Rtn87.5%28.6%47.8%128.3%38.1%-9.0%42.9%
1M Excs Rtn21.5%4.9%2.8%13.2%14.4%-9.6%9.1%
3M Excs Rtn23.4%3.6%-10.0%22.9%2.5%-11.5%3.0%
6M Excs Rtn8.2%-14.9%-10.9%-5.4%-15.9%-20.8%-12.9%
12M Excs Rtn12.9%-9.1%36.9%-0.1%-12.2%-31.3%-4.6%
3Y Excs Rtn18.1%-43.5%-26.0%50.4%-29.2%-81.2%-27.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Contractor Solutions810617536514416
Specialized Reliability Solutions160148150147116
Engineered Building Solutions12012111510497
Eliminations and Other-8-8-8-7-3
Total1,083878793758626


Operating Income by Segment
$ Mil20262025202420232022
Contractor Solutions17616614212696
Specialized Reliability Solutions222322209
Engineered Building Solutions-119191311
Eliminations and Other-28-27-24-20-19
Total16918115913997


Assets by Segment
$ Mil20262025202420232022
Contractor Solutions2,046941806824782
Specialized Reliability Solutions180146140136126
Engineered Building Solutions6981817174
Eliminations and Other21211161212
Total2,3171,3791,0431,043995


Price Behavior

Price Behavior
Market Price$347.70 
Market Cap ($ Bil)5.7 
First Trading Date05/16/2011 
Distance from 52W High-0.8% 
   50 Days200 Days
DMA Price$287.68$282.98
DMA Trendupup
Distance from DMA20.9%22.9%
 3M1YR
Volatility54.7%45.2%
Downside Capture135.66137.85
Upside Capture214.14139.36
Correlation (SPY)49.1%42.0%
CSW Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta3.981.821.741.351.451.29
Up Beta6.531.721.801.431.651.47
Down Beta3.722.252.152.231.521.13
Up Capture485%246%178%117%155%201%
Bmk +ve Days11223567138427
Stock +ve Days15253371140403
Down Capture215%116%143%97%124%106%
Bmk -ve Days11212859114326
Stock -ve Days7183055112350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CSW
CSW35.4%45.0%0.80-
Sector ETF (XLI)23.9%17.0%1.0957.2%
Equity (SPY)23.4%12.8%1.3741.9%
Gold (GLD)28.7%28.4%0.8818.0%
Commodities (DBC)37.2%20.1%1.46-15.3%
Real Estate (VNQ)12.4%13.8%0.6023.9%
Bitcoin (BTCUSD)-44.9%43.0%-1.2719.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CSW
CSW24.8%34.4%0.71-
Sector ETF (XLI)14.1%17.6%0.6361.4%
Equity (SPY)13.5%17.2%0.6152.6%
Gold (GLD)18.9%18.6%0.8312.8%
Commodities (DBC)9.2%19.6%0.3611.0%
Real Estate (VNQ)2.1%18.9%0.0138.9%
Bitcoin (BTCUSD)10.6%52.9%0.3920.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CSW
CSW26.7%32.7%0.80-
Sector ETF (XLI)14.2%20.0%0.6261.2%
Equity (SPY)15.4%17.9%0.7356.2%
Gold (GLD)12.1%16.2%0.619.8%
Commodities (DBC)7.7%18.1%0.3415.6%
Real Estate (VNQ)4.6%20.7%0.1844.7%
Bitcoin (BTCUSD)58.3%66.2%0.9815.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity1.2 Mil
Short Interest: % Change Since 63020269.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest8.5 days
Basic Shares Quantity16.3 Mil
Short % of Basic Shares7.1%

Earnings Returns History

Updated 8/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/202615.0%27.1% 
5/26/20260.6%-3.5%0.9%
1/29/2026-8.5%-8.5%-1.8%
10/30/20251.4%-0.8%12.1%
7/31/2025-3.5%-6.5%1.5%
5/22/2025-3.9%-2.4%-7.8%
1/30/2025-5.0%-5.8%-11.3%
10/30/2024-0.9%4.3%14.9%
...
SUMMARY STATS   
# Positive121113
# Negative9107
Median Positive2.7%4.3%8.0%
Median Negative-3.5%-3.3%-7.8%
Max Positive15.0%27.1%19.8%
Max Negative-8.5%-8.5%-15.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/202615.0%27.1% 
5/26/20260.6%-3.5%0.9%
1/29/2026-8.5%-8.5%-1.8%
10/30/20251.4%-0.8%12.1%
7/31/2025-3.5%-6.5%1.5%
5/22/2025-3.9%-2.4%-7.8%
1/30/2025-5.0%-5.8%-11.3%
10/30/2024-0.9%4.3%14.9%
7/31/20248.3%1.2%8.5%
5/23/20243.3%3.2%8.5%
2/1/20244.0%6.3%8.0%
11/2/2023-1.9%-3.2%3.7%
8/3/20232.1%2.6%-0.7%
5/25/20235.2%8.3%19.8%
2/2/20237.5%2.7%4.9%
11/3/2022-1.5%-7.8%-3.2%
8/5/20221.2%15.9%6.7%
5/18/2022-2.7%-2.3%-9.2%
2/3/20220.6%3.1%6.4%
11/3/2021-5.1%-2.2%-15.0%
8/4/20210.2%10.8%8.6%
SUMMARY STATS   
# Positive121113
# Negative9107
Median Positive2.7%4.3%8.0%
Median Negative-3.5%-3.3%-7.8%
Max Positive15.0%27.1%19.8%
Max Negative-8.5%-8.5%-15.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/26/202610-K
12/31/202501/29/202610-Q
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/22/202510-K
12/31/202401/30/202510-Q
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/23/202410-K
12/31/202302/01/202410-Q
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/25/202310-K
12/31/202202/02/202310-Q
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/26/202610-K
12/31/202501/29/202610-Q
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/22/202510-K
12/31/202401/30/202510-Q
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/23/202410-K
12/31/202302/01/202410-Q
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/25/202310-K
12/31/202202/02/202310-Q
09/30/202211/03/202210-Q
06/30/202208/05/202210-Q
03/31/202205/18/202210-K
12/31/202102/03/202210-Q
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/20/202110-K
12/31/202002/05/202110-Q
09/30/202010/30/202010-Q
06/30/202008/03/202010-Q
03/31/202005/20/202010-K
12/31/201902/04/202010-Q
09/30/201911/05/201910-Q

Insider Activity

Updated 8/5/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sullivan, DonEVP, Chief Strategy OfficerDirectSell8052026343.754,5261,555,8125,857,844Form
2Armes, Joseph BChairman, President & CEODirectSell7162026289.951,500434,92119,600,431Form
3Armes, Joseph BChairman, President & CEODirectSell6162026279.521,500419,27719,314,673Form
4Armes, Joseph BChairman, President & CEODirectSell5272026283.941,500425,91320,046,319Form
5Alverson, LukeSVP, GC & SecretaryDirectSell5042026289.571,007291,5983,605,164Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sullivan, DonEVP, Chief Strategy OfficerDirectSell8052026343.754,5261,555,8125,857,844Form
2Armes, Joseph BChairman, President & CEODirectSell7162026289.951,500434,92119,600,431Form
3Armes, Joseph BChairman, President & CEODirectSell6162026279.521,500419,27719,314,673Form
4Armes, Joseph BChairman, President & CEODirectSell5272026283.941,500425,91320,046,319Form
5Alverson, LukeSVP, GC & SecretaryDirectSell5042026289.571,007291,5983,605,164Form
6Sullivan, DonEVP, Chief Strategy OfficerDirectSell4162026300.2616649,8436,475,707Form
7Armes, Joseph BChairman, President & CEODirectSell4162026286.771,500430,15124,230,099Form
8Alverson, LukeSVP, GC & SecretaryDirectSell4072026266.111,007267,9733,581,042Form
9Armes, Joseph BChairman, President & CEODirectSell3242026270.111,500405,16516,078,568Form
10Ash, Darron K DirectBuy3162026256.6230076,986296,396Form
11Armes, Joseph BChairman, President & CEODirectSell2182026297.791,500446,68518,172,933Form
12Alverson, LukeSVP, GC & SecretaryDirectSell2132026316.02500158,0103,934,449Form
13Armes, Joseph BChairman, President & CEODirectSell1162026328.641,000328,64020,548,545Form
14Perry, James EEVP, CFODirectSell1052026293.5314542,5627,398,130Form
15Armes, Joseph BChairman, President & CEODirectSell12162025317.401,000317,40020,470,078Form
16Sullivan, DonEVP, Chief Strategy OfficerDirectSell12092025301.414,1361,246,6325,484,456Form
17Underwood, JeffSVP, GM Contractor SolutionsDirectSell12022025278.96370103,2151,632,753Form
18Alverson, LukeSVP, GC & SecretaryDirectSell12022025272.9528076,4273,578,440Form
19Perry, James EEVP, CFODirectSell12022025275.00580159,5006,970,975Form
20Wang, FangVP, Chief Accounting OfficerDirectSell11192025240.5435986,354643,685Form
21Armes, Joseph BChairman, President & CEODirectSell11172025250.001,000250,00016,373,250Form
22Armes, Joseph BChairman, President & CEODirectSell10312025250.001,000250,00016,623,250Form
23Armes, Joseph BChairman, President & CEODirectSell9162025250.001,000250,00015,380,500Form
24Armes, Joseph BChairman, President & CEODirectSell8182025259.361,000259,35716,215,522Form
25Sullivan, DonEVP, Chief Strategy OfficerDirectSell8182025283.141,067302,1106,410,573Form
26Perry, James EEVP, CFODirectSell8122025275.0514539,8826,925,209Form
27Swartz, Robert M DirectSell8042025250.3720050,0743,084,308Form

Investor Activity (13F)

Updated Aug 11, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Montanaro Asset Management Ltd$13.0 Mil3.9%42New13F
Southernsun Asset Management, LLC$23.0 Mil3.3%31ADD +32.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Montanaro Asset Management Ltd$13.0 Mil3.9%42New13F
Southernsun Asset Management, LLC$23.0 Mil3.3%31ADD +32.3%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Southernsun Asset Management, LLC$23.0 Mil3.3%31ADD +32.3%13F
Montanaro Asset Management Ltd$13.0 Mil3.9%42New13F
Core Cache Last Updated: 8/10/2026