CSW Industrials, Inc. (CSW)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,109,830 | 1,072,250 | 1,044,020 | 1,030,170 | 650,158 | 615,723 | 589,072 | 586,927 | 560,094 | 525,675 | 498,768 | 483,033 | 466,720 | 469,086 | 458,738 | 448,947 | 431,120 | 412,013 | 402,717 | 302,041 |
| ROE | 12.52% | 12.74% | 12.77% | 11.22% | 16.86% | 16.51% | 16.46% | 17.60% | 17.43% | 18.35% | 17.61% | 16.67% | 15.90% | 13.81% | 12.20% | 11.14% | 11.22% | 9.78% | 11.23% | 16.62% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $138,986K ÷ $1,109,830K
= 12.52%
The return on equity (ROE) for CSW Industrials, Inc. over the analyzed period demonstrates notable fluctuations with an overall upward trend during the initial years, prior to a recent decline. Starting at 16.62% as of September 30, 2020, ROE decreased significantly to 11.23% by the end of 2020, reflecting a decline in the company's ability to generate profit from shareholders' equity during that period. The downward trend continued into March 2021, reaching 9.78%, which indicates a potential concern regarding operational efficiency or profitability relative to equity.
Subsequently, from June 2021 through September 2022, the ROE stabilized somewhat, maintaining a range between approximately 11.14% and 16.67%. Notably, the ROE increased gradually during this span, reaching a peak of 17.61% at the end of 2022. This incremental improvement suggests a relative strengthening in profitability or effective utilization of equity.
In 2023, the ROE continued its upward trajectory, culminating at 18.35% in March 2023, before experiencing a slight retreat to 17.43% in June and a marginal increase to 17.60% in September. This indicates sustained profitable operations but with some variability. The end of the period shows the ROE decreasing again to 16.46% by the close of 2023.
Looking beyond 2023, the ROE fluctuated within a narrow range, recorded at 16.51% in March 2024 and slightly declining to 11.22% in September 2024, before recovering to approximately 12.77% in December 2024 and marginally decreasing again to around 12.52% by June 2025. These recent figures suggest a period of relative stability with some volatility.
Overall, the ROE trend indicates that CSW Industrials experienced a period of decline in the early part of the analyzed timeframe, followed by a phase of recovery and stabilization. The recent levels of ROE imply moderate profitability relative to shareholders' equity, with some fluctuation that could be influenced by operational, market, or strategic factors.