Quality
Return on invested capital, after tax
From the FY2026 filing
Why n/a
No shareholders equity line is filed for this year.
ValueScreener company report
NYSE / Industrials / Industrial - Machinery
Share price
291.14 USD Market dataClose of Oct 15, 2026Market capitalisation
4.74B USD Market dataClose of Oct 15, 20261 of 10
What the business is, what it costs, and how it reads on four questions.
Market dataSEC filingComputed
Return on invested capital, after tax
From the FY2026 filing
No shareholders equity line is filed for this year.
Current ratio
From the FY2026 filing
Price to earnings
FY2026 accounts, priced at the latest close
Free cash flow yield
FY2026 accounts, priced at the latest close
Price to earnings is 43.26x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.
Today, against the Industrial - Machinery industry (52 companies), 43.26x sits at the 82nd percentile; the middle half of that group runs from 20.30x to 38.40x.
Net debt to EBITDA was 4.94x in FY2026, in the band labelled "High, covenant territory" (4.00x and above), on lines set by credit-analyst convention, suggesting debt in the range lenders write covenants around.
No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.
These are CSW’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
2 of 10
The newest filing, what it moved, and when the next one is due.
SEC filingCompany statement
The newest accounts on file are the FY2026 annual report: 10-K, filed May 26, 2026, accession 0001624794-26-000027.
3 of 10
The returns the business earns on its capital, and the margins behind them.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
Return on invested capital, after taxWhy n/aNo shareholders equity line is filed for this year. | n/a ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
Return on equityWhy n/aNo shareholders equity line is filed for this year. | n/a ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Return on capital employed, pre-tax | 8.1% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Return on assets | 4.8% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Gross margin | 41.9% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Operating margin | 15.6% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Net margin | 10.3% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
4 of 10
What it owes against what it owns, and whether it can meet what falls due.
SEC filingComputedCompany statement
| Figure | Value, source and document |
|---|---|
Debt to equityWhy n/aNo shareholders equity line is filed for this year. | n/a ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Current ratio | 2.60 ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Quick ratio | 1.23 ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
Interest coverageWhy n/aNo interest expense is filed for this year, so coverage is not computed. | n/a ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Altman Z-score | 3.72 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Net debt | 911.0M ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
What CSW Industrials, Inc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed May 26, 2026, 0001624794-26-000027).
| Total assets | 2.32B FiledFY2026 10-K, filed May 26, 2026 |
|---|---|
| Total liabilities | 1.25B FiledFY2026 10-K, filed May 26, 2026 |
| Shareholders' equity | n/a FiledFY2026 10-K, filed May 26, 2026 |
| Cash | 33.8M FiledFY2026 10-K, filed May 26, 2026 |
| Total debt | 944.8M FiledFY2026 10-K, filed May 26, 2026 |
| Net debt | 911.0M |
| Current ratio | 2.60 |
| Debt to equity | n/a |
Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.
5 of 10
What the market charges for it, against its own record and companies like it.
Market dataSEC filingComputed
| Figure | Value, source and document |
|---|---|
| Price to earnings | 43.26x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| P/E on trailing twelve months | 40.24x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
Price to bookWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Price to sales | 4.49x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Enterprise value to EBIT | 34.27x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Enterprise value to EBITDA | 31.32x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Price to earnings over growth | 2.13 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Diluted earnings per share | 6.70 USD FiledFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
Graham numberWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
We publish no fair value or price target of our own. Value CSW on your own assumptions in the DCF workbench, starting from the filed figures.
What the market charges for CSW Industrials, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 291.14 USD |
|---|---|
| Market capitalisation | 4.74B USD |
| Enterprise value to EBITDA | 31.32x |
| Graham number | n/a |
| Diluted earnings per share, FY2026 | 6.70 USD |
Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 19.71x, median 32.70x, high 58.78x, latest 40.24x. 2,273 trading days with a meaningful ratio, 248 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.
Same industry (Industrial - Machinery) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
6 of 10
Whether profit arrives as cash, and what is paid back to shareholders.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
| Free cash flow yield | 2.7% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Free cash flow | 132.4M USD ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Free cash flow margin | 12.2% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Dividend yield | 0.4% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Payout ratio | 16.1% ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
7 of 10
Every figure, the year it is for and the document it was read from.
SEC filingMarket data
Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| 43.26x | FY2026 | Oct 15, 2026 | |
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| n/a | FY2026 | Oct 15, 2026 | |
| n/a The filed balance sheet reports no shareholders equity. | |||
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 34.27x | FY2026 | Oct 15, 2026 | |
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 2.7% | FY2026 | Oct 15, 2026 | |
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itCash flow statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| n/a | FY2026 | May 26, 2026 | |
| n/a No shareholders equity line is filed for this year. | |||
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2026. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 0.4% | FY2026 | Oct 15, 2026 | |
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itCash flow statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| n/a | FY2026 | May 26, 2026 | |
| n/a No shareholders equity line is filed for this year. | |||
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2026. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 2.60 | FY2026 | May 26, 2026 | |
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2026. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 4.49x | FY2026 | Oct 15, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 2.13 | FY2026 | Oct 15, 2026 | |
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 3.72 | FY2026 | Oct 15, 2026 | |
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2026: a price is in this figure, and it moved after the filing. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| -2.73 | FY2026 | May 26, 2026 | |
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2026. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itCash flow statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
| 3/9 | FY2026 | May 26, 2026 | |
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2026. Form10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itIncome statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itBalance sheetFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tabForm10-KFiledMay 26, 2026PeriodFY2026Accession0001624794-26-000027What we read from itCash flow statementFY2026Open on SEC.gov, accession 0001624794-26-000027, leaves this page and opens in a new tab | |||
The figures are computed from the accounts for fiscal 2026, the newest full year on file. 12 filed fiscal years on record, FY2014 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
10 filed fiscal years, FY2017 to FY2026, read from the annual reports CSW Industrials, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.
| Year | Revenue | Operating income | Net income | EPS, diluted | Free cash flow | Operating margin | Return on equity | Filing |
|---|---|---|---|---|---|---|---|---|
| FY2026 | 1.08B | 168.5M | 112.0M | 6.70 | 132.4M | 15.6% | n/a | 10-K, May 26, 20260001624794-26-000027 |
| FY2025 | 878.3M | 181.2M | 136.7M | 8.38 | 152.1M | 20.6% | n/a | 10-K, May 22, 20250001624794-25-000056 |
| FY2024 | 792.8M | 159.1M | 101.6M | 6.52 | 147.8M | 20.1% | n/a | 10-K, May 23, 20240001624794-24-000032 |
| FY2023 | 757.9M | 139.1M | 96.4M | 6.20 | 107.5M | 18.4% | 18.3% | 10-K, May 25, 20230001624794-23-000039 |
| FY2022 | 626.4M | 97.4M | 66.4M | 4.20 | 53.4M | 15.6% | 14.2% | 10-K, May 18, 20220001624794-22-000040 |
| FY2021 | 419.2M | 59.2M | 40.1M | 2.65 | 57.4M | 14.1% | 9.7% | 10-K, May 20, 20210001624794-21-000031 |
| FY2020 | 385.9M | 65.9M | 45.7M | 3.01 | 58.5M | 17.1% | 16.3% | 10-K, May 20, 20200001624794-20-000051 |
| FY2019 | 350.2M | 60.4M | 45.6M | 2.93 | 52.2M | 17.3% | 17.0% | 10-K, May 22, 20190001624794-19-000021 |
| FY2018 | 326.2M | 49.7M | -11.9M | -0.76 | 37.6M | 15.2% | -4.5% | 10-K, May 30, 20180001624794-18-000009 |
| FY2017 | 287.5M | 32.0M | 11.1M | 0.70 | 32.2M | 11.2% | 4.1% | 10-K, Jun 14, 20170001624794-17-000014 |
Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.
8 of 10
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Beneish M-score | -2.73 ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Piotroski F-score | 3/9 ComputedFY2026 10-K, filed May 26, 2026, 0001624794-26-000027 |
| Named tests met | 1 of 30 Computed |
| Beta | 1.41 ComputedClose of Oct 15, 2026 |
Of 30 tests value investors published: 1 met, 23 not met, 6 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
9 of 10
Whether anybody here owns this company.
Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.
10 of 10
What to do with what you have read.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
No card. 30 free days, and nothing is charged unless you choose a plan.
ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.
Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.