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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $124.7M, roughly 1.4× SMITH & WESSON BRANDS, INC.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 1.5%, a 18.6% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -3.9%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -4.8%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

AAMI vs SWBI — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.4× larger
AAMI
$172.2M
$124.7M
SWBI
Growing faster (revenue YoY)
AAMI
AAMI
+6.5% gap
AAMI
2.6%
-3.9%
SWBI
Higher net margin
AAMI
AAMI
18.6% more per $
AAMI
20.2%
1.5%
SWBI
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AAMI
AAMI
SWBI
SWBI
Revenue
$172.2M
$124.7M
Net Profit
$34.7M
$1.9M
Gross Margin
24.3%
Operating Margin
33.3%
3.3%
Net Margin
20.2%
1.5%
Revenue YoY
2.6%
-3.9%
Net Profit YoY
-18.4%
-53.6%
EPS (diluted)
$0.97
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
SWBI
SWBI
Q4 25
$172.2M
$124.7M
Q3 25
$144.2M
$85.1M
Q2 25
$127.4M
$140.8M
Q1 25
$119.9M
$115.9M
Q4 24
$167.8M
$129.7M
Q3 24
$123.1M
$88.3M
Q2 24
$109.0M
$159.1M
Q1 24
$105.7M
$137.5M
Net Profit
AAMI
AAMI
SWBI
SWBI
Q4 25
$34.7M
$1.9M
Q3 25
$15.1M
$-3.4M
Q2 25
$10.1M
$8.6M
Q1 25
$20.1M
$2.1M
Q4 24
$42.5M
$4.5M
Q3 24
$16.9M
$-1.9M
Q2 24
$11.0M
$27.9M
Q1 24
$14.6M
$7.9M
Gross Margin
AAMI
AAMI
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
AAMI
AAMI
SWBI
SWBI
Q4 25
33.3%
3.3%
Q3 25
18.4%
-3.5%
Q2 25
12.7%
9.3%
Q1 25
26.6%
4.1%
Q4 24
38.7%
5.8%
Q3 24
21.9%
-1.7%
Q2 24
18.9%
17.4%
Q1 24
21.7%
8.2%
Net Margin
AAMI
AAMI
SWBI
SWBI
Q4 25
20.2%
1.5%
Q3 25
10.5%
-4.0%
Q2 25
7.9%
6.1%
Q1 25
16.8%
1.8%
Q4 24
25.3%
3.5%
Q3 24
13.7%
-2.1%
Q2 24
10.1%
17.5%
Q1 24
13.8%
5.7%
EPS (diluted)
AAMI
AAMI
SWBI
SWBI
Q4 25
$0.97
$0.04
Q3 25
$0.42
$-0.08
Q2 25
$0.28
$0.19
Q1 25
$0.54
$0.05
Q4 24
$1.11
$0.10
Q3 24
$0.45
$-0.04
Q2 24
$0.29
$0.60
Q1 24
$0.37
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$363.2M
Total Assets
$677.0M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Total Debt
AAMI
AAMI
SWBI
SWBI
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
SWBI
SWBI
Q4 25
$363.2M
Q3 25
$364.4M
Q2 25
$372.5M
Q1 25
$366.9M
Q4 24
$371.5M
Q3 24
$380.0M
Q2 24
$399.9M
Q1 24
$376.4M
Total Assets
AAMI
AAMI
SWBI
SWBI
Q4 25
$677.0M
$548.6M
Q3 25
$751.4M
$554.6M
Q2 25
$672.3M
$559.6M
Q1 25
$677.3M
$578.9M
Q4 24
$703.2M
$587.4M
Q3 24
$555.2M
$571.3M
Q2 24
$533.1M
$577.4M
Q1 24
$544.9M
$570.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
SWBI
SWBI
Operating Cash FlowLast quarter
$-2.4M
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
-0.07×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
SWBI
SWBI
Q4 25
$-2.4M
$27.3M
Q3 25
$-23.9M
$-8.1M
Q2 25
$61.6M
$40.8M
Q1 25
$-48.8M
$-9.8M
Q4 24
$55.8M
$-7.4M
Q3 24
$69.6M
$-30.8M
Q2 24
$45.7M
$43.7M
Q1 24
$-40.4M
$25.2M
Free Cash Flow
AAMI
AAMI
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$-12.4M
Q2 25
$33.5M
Q1 25
$-16.1M
Q4 24
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
Q1 24
$7.0M
FCF Margin
AAMI
AAMI
SWBI
SWBI
Q4 25
13.1%
Q3 25
-14.6%
Q2 25
23.8%
Q1 25
-13.9%
Q4 24
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Q1 24
5.1%
Capex Intensity
AAMI
AAMI
SWBI
SWBI
Q4 25
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
5.4%
Q4 24
2.5%
Q3 24
5.3%
Q2 24
3.5%
Q1 24
13.2%
Cash Conversion
AAMI
AAMI
SWBI
SWBI
Q4 25
-0.07×
14.22×
Q3 25
-1.58×
Q2 25
6.10×
4.73×
Q1 25
-2.43×
-4.68×
Q4 24
1.31×
-1.63×
Q3 24
4.12×
Q2 24
4.15×
1.57×
Q1 24
-2.77×
3.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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