SWBI

MKT CAP:$666M

Smith & Wesson Brands, Inc.

Market Cap

$666M

Industrials·Aerospace & Defense·🇺🇸 United States·NASDAQ

Industrials·Aerospace·🇺🇸·NASDAQ

Stock Price

$15.15+$5.17 (+51.80%)

Apr 24, 2026

Company Details

Smith & Wesson Brands, Inc. designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other ...

CEO

Mark Peter Smith

IPO Date

Aug 17, 1999

Website

www.smith-wesson.com

Key Metrics TTM

Revenue

$486M

-1.4% YoY

Net Income

$12M

EPS (Diluted)

$0.27

Free Cash Flow

$69M

Revenue / Share

$10.85

Gross Margin

26.4%

Operating Margin

4.6%

Net Margin

2.5%

FCF Margin

14.3%

P/S

1.4x

P/E

55.5x

Earnings Reports

Q3 2026

Mar 5, 2026

$136M+17.1%EPS $0.08

Q2 2026

Dec 4, 2025

$125M-3.9%EPS $0.04

Q1 2026

Sep 4, 2025

$85M-3.7%EPS -$0.08

FY 2025

Jun 20, 2025

$475M-11.4%EPS $0.30

Q4 2025

Jun 20, 2025

$141M-11.6%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$181M	$72M	$47M
Q1 23	$84M	$31M	$4M
Q2 23	$121M	$39M	$13M
Q3 23	$129M	$42M	$8M
Q4 23	$145M	$42M	$18M
Q1 24	$114M	$30M	$4M
Q2 24	$125M	$32M	$4M
Q3 24	$137M	$40M	$12M
Q4 24	$159M	$57M	$25M
Q1 25	$88M	$24M	-$2M
Q2 25	$130M	$35M	$7M
Q3 25	$116M	$28M	$4M
Q4 25	$141M	$41M	$15M
Q1 26	$85M	$22M	-$3M
Q2 26	$125M	$30M	$4M
Q3 26	$136M	$36M	$7M

Valuation

Quarter	P/S	P/E
Q4 22	0.8x	3.4x
Q1 23	1.0x	5.5x
Q2 23	1.2x	8.4x
Q3 23	1.3x	11.1x
Q4 23	1.4x	18.1x
Q1 24	1.3x	18.2x
Q2 24	1.3x	22.6x
Q3 24	1.3x	25.3x
Q4 24	1.2x	16.8x
Q1 25	1.3x	19.4x
Q2 25	1.3x	18.5x
Q3 25	1.4x	22.4x
Q4 25	1.4x	49.6x
Q1 26	1.4x	55.0x
Q2 26	1.4x	67.3x
Q3 26	1.4x	55.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$26M	$17M
Q1 23	$7M	-$4M
Q2 23	-$35M	-$63M
Q3 23	$7M	-$18M
Q4 23	$38M	$13M
Q1 24	$41M	$9M
Q2 24	-$3M	-$38M
Q3 24	$25M	$7M
Q4 24	$44M	$38M
Q1 25	-$31M	-$36M
Q2 25	-$7M	-$3M
Q3 25	-$10M	-$16M
Q4 25	$41M	$34M
Q1 26	-$8M	-$12M
Q2 26	$27M	$32M
Q3 26	$20M	$17M

Capital Expenditures

Quarter	CapEx
Q4 22	$9M
Q1 23	$12M
Q2 23	$28M
Q3 23	$25M
Q4 23	$25M
Q1 24	$32M
Q2 24	$35M
Q3 24	$18M
Q4 24	$6M
Q1 25	$5M
Q2 25	$5M
Q3 25	$6M
Q4 25	$7M
Q1 26	$4M
Q2 26	$4M
Q3 26	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-43.9%	-34.9%
Q1 23	-69.3%	-53.9%
Q2 23	-47.5%	-34.3%
Q3 23	-27.4%	-12.6%
Q4 23	-20.1%	-5.7%
Q1 24	+35.4%	+36.6%
Q2 24	+3.2%	+11.7%
Q3 24	+6.5%	+3.9%
Q4 24	+9.9%	+5.4%
Q1 25	-22.7%	-17.9%
Q2 25	+3.8%	+1.3%
Q3 25	-15.7%	-10.9%
Q4 25	-11.6%	-5.8%
Q1 26	-3.7%	-2.3%
Q2 26	-3.9%	-1.8%
Q3 26	+17.1%	+15.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$971.0K	0.5%
Q1 23	$1M	1.4%
Q2 23	$1M	1.2%
Q3 23	$1M	1.0%
Q4 23	$1M	0.9%
Q1 24	$1M	1.1%
Q2 24	$1M	1.2%
Q3 24	$2M	1.1%
Q4 24	$1M	0.9%
Q1 25	$2M	2.1%
Q2 25	$2M	1.4%
Q3 25	$2M	1.7%
Q4 25	$2M	1.3%
Q1 26	$2M	2.2%
Q2 26	$2M	1.7%
Q3 26	$2M	1.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 22	$2M	$14M	$10M
Q1 23	$2M	$18M	$8M
Q2 23	$2M	$15M	$9M
Q3 23	$2M	$16M	$10M
Q4 23	$2M	$13M	$10M
Q1 24	$2M	$14M	$10M
Q2 24	$2M	$15M	$11M
Q3 24	$2M	$16M	$10M
Q4 24	$2M	$20M	$9M
Q1 25	$3M	$14M	$10M
Q2 25	$2M	$16M	$10M
Q3 25	$3M	$13M	$10M
Q4 25	$2M	$12M	$11M
Q1 26	$3M	$13M	$9M
Q2 26	$2M	$13M	$10M
Q3 26	$2M	$15M	$11M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$121M	$0	$121M
Q1 23	$110M	$0	$110M
Q2 23	$43M	$0	$43M
Q3 23	$45M	$0	$45M
Q4 23	$54M	$0	$54M
Q1 24	$55M	$0	$55M
Q2 24	$44M	$0	$44M
Q3 24	$47M	$0	$47M
Q4 24	$61M	$0	$61M
Q1 25	$36M	$0	$36M
Q2 25	$39M	$0	$39M
Q3 25	$27M	$0	$27M
Q4 25	$25M	$0	$25M
Q1 26	$18M	$3M	$21M
Q2 26	$22M	$5M	$27M
Q3 26	$18M	$5M	$23M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	46M	-2.6%	-12.4%
Q1 23	46M	+0.4%	-6.0%
Q2 23	46M	+0.0%	-5.3%
Q3 23	46M	+0.1%	-2.1%
Q4 23	46M	-0.6%	-0.1%
Q1 24	47M	+1.4%	+1.0%
Q2 24	46M	-0.4%	+0.6%
Q3 24	46M	-0.7%	-0.3%
Q4 24	46M	+0.0%	+0.3%
Q1 25	45M	-1.6%	-2.6%
Q2 25	45M	-0.9%	-3.1%
Q3 25	44M	-1.2%	-3.5%
Q4 25	44M	0.0%	-3.6%
Q1 26	44M	-0.3%	-2.3%
Q2 26	45M	+1.1%	-0.4%
Q3 26	45M	+0.2%	+1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$4M	42
Q1 23	$2M	42
Q2 23	$3M	42
Q3 23	$3M	42
Q4 23	$4M	40
Q1 24	$3M	40
Q2 24	$3M	40
Q3 24	$3M	40
Q4 24	$4M	39
Q1 25	$2M	39
Q2 25	$3M	39
Q3 25	$3M	39
Q4 25	$3M	45
Q1 26	$2M	45
Q2 26	$3M	45
Q3 26	$3M	45

Revenue / Employee