CSW Industrials, Inc. (CSW)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 180,264 | 180,577 | 181,095 | 170,653 | 163,489 | 153,605 | 149,363 | 152,585 | 144,023 | 139,191 | 127,583 | 117,229 | 107,803 | 95,097 | 78,457 | 69,961 | 65,850 | 53,494 | 49,284 | 56,247 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 16.24% | 16.84% | 17.35% | 16.57% | 25.15% | 24.95% | 25.36% | 26.00% | 25.71% | 26.48% | 25.58% | 24.27% | 23.10% | 20.27% | 17.10% | 15.58% | 15.27% | 12.98% | 12.24% | 18.62% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $180,264K ÷ ($—K + $1,109,830K)
= 16.24%
The analysis of CSW Industrials, Inc.'s return on total capital over the specified period reveals notable fluctuations and trends. Starting with a high of approximately 18.62% as of September 30, 2020, the metric exhibits a decreasing pattern through the end of 2020, reaching 12.24% by December 31, 2020. This decline continues into the first quarter of 2021, with a modest rebound to 12.98% by March 31, 2021, followed by steady increases thereafter.
From mid-2021 onward, there is a marked upward trend, with the return increasing to over 15% by September 30, 2021. This upward momentum persists, culminating in a peak of approximately 26.48% as of March 31, 2023. During this period, the return on total capital demonstrates resilience and growth, reflecting improved efficiency in generating earnings relative to the capital employed.
Post-March 2023, the metric stabilizes around the mid-20% range, with slight fluctuations, indicating a period of relative steadiness in performance. Notably, in the most recent data points, there is a decline from around 26.00% as of September 30, 2023, to approximately 16.57% by September 30, 2024, followed by a modest recovery to 17.35% by December 31, 2024. The subsequent quarters show a gradual decrease, reaching 16.24% as of June 30, 2025.
In summary, CSW Industrials, Inc. experienced an initial decline in return on total capital during the late 2020 period, followed by a sustained upward trajectory peaking in early 2023. The subsequent period reflects some volatility and a slight downward trend, which may indicate changing operational efficiencies, capital structure adjustments, or external market influences affecting the company's ability to generate returns on its total capital base.
Peer comparison
Jun 30, 2025