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How CSW Industrials (CSW) makes money

CSW Industrials (CSW) made $361M of revenue in the second quarter fiscal 2027 (Q2 FY27), +31% from a year earlier. Contractor Solutions brought in $284M (78%); Specialized Building Solutions brought in $49.5M (14%); Engineered Building Solutions brought in $28.4M (8%). Of every dollar of revenue, 42¢ was left as gross profit, 21¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

CSW Industrials revenue by segment, Q2 FY27CSW Industrials revenue by segment, Q2 FY27Contractor Solutions$284MSpecialized Building Solutions$49.5MEngineered Building Solutions$28.4M
CSW Industrials: revenue by line, Q1 FY26 to Q2 FY27CSW Industrials: revenue by line, Q1 FY26 to Q2 FY27Contractor SolutionsSpecialized Building …Engineered Building S…Specialized Reliabili…Contractor Solutions: $284M latest$284MSpecialized Building Solutions: $49.5M latest$49.5MEngineered Building Solutions: $28.4M latest$28.4MSpecialized Reliability Solutions: $0 latestQ1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Contractor Solutions went from 74% of revenue in Q1 FY26 to 78% in Q2 FY27, the largest shift in the mix.
CSW Industrials revenue by quarterCSW Industrials revenue by quarter$231MQ4 FY25$264MQ1 FY26$277MQ2 FY26$233MQ3 FY26$309MQ4 FY26$351MQ1 FY27$361MQ2 FY27
CSW Industrials: where each dollar of revenue goesCSW Industrials: where each dollar of revenue goesCost of revenue58¢Gross profit42¢Operating expenses21¢Operating profit21¢Income tax4¢Net earnings13¢Operating cash flow26¢Free cash flow25¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Contractor Solutions$284M78.5%+4%+37%
Specialized Building Solutions$49.5M13.7%+3%+28%
Engineered Building Solutions$28.4M7.9%-2%-11%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$361M100.0%
Cost of revenue$210M58.0%
Gross profit$152M42.0%
Operating expenses$76.4M21.1%
Operating profit$75.5M20.9%
Income tax$15.2M4.2%
Net earnings$47.3M13.1%
Operating cash flow$95.4M26.4%
Free cash flow$91.9M25.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$361M+30%
Q1 FY27$351M+33%
Q4 FY26$309M+34%
Q3 FY26$233M+20%
Q2 FY26$277M+22%
Q1 FY26$264M+17%
Q4 FY25$231M+9%

From CSW Industrials' 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does CSW Industrials make money?

CSW Industrials (CSW) made $361M of revenue in the second quarter fiscal 2027 (Q2 FY27), +31% from a year earlier. Contractor Solutions brought in $284M (78%); Specialized Building Solutions brought in $49.5M (14%); Engineered Building Solutions brought in $28.4M (8%). Of every dollar of revenue, 42¢ was left as gross profit, 21¢ was left as operating profit, 13¢ was left as net earnings.

What is CSW Industrials' biggest business?

Contractor Solutions: $284M in the second quarter fiscal 2027, 78% of revenue, +37% from a year earlier.

What is CSW Industrials' profit margin?

Net earnings were $47.3M, 13.1% of revenue, in the second quarter fiscal 2027; the operating margin was 20.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.