CSW Industrials, Inc. (CSW)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 138,986 | 136,652 | 133,349 | 115,623 | 109,627 | 101,647 | 96,951 | 103,328 | 97,604 | 96,436 | 87,819 | 80,531 | 74,196 | 64,801 | 55,982 | 50,017 | 48,375 | 40,287 | 45,241 | 50,203 |
| Total assets | US$ in thousands | 1,535,920 | 1,379,060 | 1,350,200 | 1,359,300 | 1,050,530 | 1,043,330 | 993,131 | 1,011,310 | 1,033,100 | 1,043,450 | 1,047,670 | 1,021,390 | 1,017,920 | 995,360 | 950,045 | 903,022 | 904,242 | 874,957 | 880,577 | 391,667 |
| ROA | 9.05% | 9.91% | 9.88% | 8.51% | 10.44% | 9.74% | 9.76% | 10.22% | 9.45% | 9.24% | 8.38% | 7.88% | 7.29% | 6.51% | 5.89% | 5.54% | 5.35% | 4.60% | 5.14% | 12.82% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $138,986K ÷ $1,535,920K
= 9.05%
The analysis of CSW Industrials, Inc.'s return on assets (ROA) over the specified period reveals notable fluctuations and a general trend toward improvement following an initial decline. As of September 30, 2020, the ROA stood at 12.82%, indicating a relatively high level of profitability relative to the company's total assets at that time. However, by December 31, 2020, the ROA sharply decreased to 5.14%, which may reflect operational challenges, asset base adjustments, or external economic factors impacting profitability.
Subsequently, the ROA remained subdued through early 2021, with figures falling to 4.60% in March and slightly increasing to 5.35% in June, maintaining a relatively narrow range around 5%. During this period, the company’s profitability relative to its assets was modest, possibly indicating transitional phases, cost pressures, or strategic repositioning.
From September 2021 onward, the ROA exhibits a steady upward trajectory. It increased to 5.54% in September 2021, then progressively to 5.89% in December 2021, 6.51% in March 2022, and 7.29% in June 2022. This trend continued into the later months, culminating in a peak of 10.22% as of September 2023, implying significant improvements in asset utilization efficiency, operational profitability, or margin enhancements.
Between September 2023 and June 2024, the ROA remained relatively stable around 9.74% to 10.44%, with a slight decrease in September 2024 to 8.51%, followed by a modest recovery to 9.88% by December 2024. For the first half of 2025, the company’s ROA hovered near 9% before experiencing another slight decline to 9.05% in June 2025.
Overall, the data indicates that CSW Industrials, Inc. experienced a substantial decline in ROA following 2020 but demonstrated consistent recovery and growth through 2022 and into 2023. The recent fluctuations suggest periods of both operational improvement and short-term challenges, with the company generally maintaining a return on assets in the vicinity of 9–10%. This pattern reflects a company that has potentially stabilized after prior volatility and is focused on optimizing asset efficiency and profitability, albeit with some ongoing variability.
Peer comparison
Jun 30, 2025