CSW

CSW Industrials

Materials · fiscal year ending 2026-03-31

Through the investors’ lenses

1 of 4 cleared6 of 10 criteria

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 3/4

Measure	CSW	Checked against
Owner earnings	$110.69m	positive	✓
Return on equity	10.7%	US median 2.8%	✓
Debt to equity	0.83x	US median 0.57x	✗
Operating margin	15.6%	US median 3.1%	✓

Passes 3 of 4. These are the measures Warren Buffett published, applied to CSW Industrials’s own figures — their criteria, not their view of this company. What he looks at, and why →

Benjamin Graham 1/3

Measure	CSW	Checked against
Current ratio	2.60x	2.00x published	✓
Long-term debt to working capital	2.32x	1.00x published	✗
Positive earnings, ten years running	8 yrs	10 published	✗

Passes 1 of 3. These are the measures Benjamin Graham published, applied to CSW Industrials’s own figures — their criteria, not their view of this company. What he looks at, and why →

Joel Greenblatt 1/1

Measure	CSW	Checked against
Return on capital employed	8.8%	US median 5.1%	✓

Passes 1 of 1. These are the measures Joel Greenblatt published, applied to CSW Industrials’s own figures — their criteria, not their view of this company. What he looks at, and why →

Peter Lynch 1/2

Measure	CSW	Checked against
Debt to equity	0.83x	US median 0.57x	✗
Net margin	10.4%	US median 2.0%	✓

Passes 1 of 2. These are the measures Peter Lynch published, applied to CSW Industrials’s own figures — their criteria, not their view of this company. What he looks at, and why →

Basis	Payout	Why
GAAP earnings	16.1%	why A single year's earnings for a commodity producer can be several times the through-cycle average. This ratio computed in a trough looks alarming and in a peak looks trivial; neither describes whether the dividend is affordable across a cycle.
Operating cash flow	12.0%	why Before capital spending.
Free cash flow	13.6%	why Nets out the capital spending producers cut in downturns — so it flatters a trough year.

Spread between highest and lowest: 4.1 percentage points. Same filings, different denominators.

Coverage rating 64 / 100 — Adequate. ? Peer standing 44/50Direction 10/30Stability 11/20

Free cash flow payout, last 6 years

Fiscal year	Payout
2026-03-31	13.6%
2025-03-31	9.6%
2024-03-31	8.0%
2023-03-31	9.8%
2022-03-31	17.7%
2021-03-31	14.1%

Coverage worsened sharply this year, 9.6% to 13.6%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.

87% of the 47 materials here pay out more — comfortable for the sector.

The arithmetic

GAAP earnings — dividends declared per share $1.08 ÷ diluted EPS $6.70
Operating cash flow — dividends paid $18.0m ÷ operating cash flow $150m
Free cash flow — dividends paid $18.0m ÷ (operating cash flow $150m − capex $17.3m)

Where the figures came from

10-K filed 2026-05-26 · accession 0001624794-26-000027

Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.

Caveats on this company

DPS derived from dividends paid ($1.08); no per-share tag filed

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.

What the free cash flow payout ratio measures, and where every company here sits on it.

Also on: rated adequate · when it files.

Who else looks like this

Every figure above is computed from CSW Industrials’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.

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