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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
ADMA BIOLOGICS, INC. is the larger business by last-quarter revenue ($139.2M vs $124.7M, roughly 1.1× SMITH & WESSON BRANDS, INC.). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs 1.5%, a 33.9% gap on every dollar of revenue. On growth, ADMA BIOLOGICS, INC. posted the faster year-over-year revenue change (18.4% vs -3.9%). ADMA BIOLOGICS, INC. produced more free cash flow last quarter ($34.6M vs $16.3M). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs -4.8%).
ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ADMA vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $139.2M | $124.7M |
| Net Profit | $49.4M | $1.9M |
| Gross Margin | 63.8% | 24.3% |
| Operating Margin | 45.1% | 3.3% |
| Net Margin | 35.5% | 1.5% |
| Revenue YoY | 18.4% | -3.9% |
| Net Profit YoY | -55.9% | -53.6% |
| EPS (diluted) | $0.20 | $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.
| Q4 25 | $139.2M | $124.7M | ||
| Q3 25 | $134.2M | $85.1M | ||
| Q2 25 | $122.0M | $140.8M | ||
| Q1 25 | $114.8M | $115.9M | ||
| Q4 24 | $117.5M | $129.7M | ||
| Q3 24 | $119.8M | $88.3M | ||
| Q2 24 | $107.2M | $159.1M | ||
| Q1 24 | $81.9M | $137.5M |
| Q4 25 | $49.4M | $1.9M | ||
| Q3 25 | $36.4M | $-3.4M | ||
| Q2 25 | $34.2M | $8.6M | ||
| Q1 25 | $26.9M | $2.1M | ||
| Q4 24 | $111.9M | $4.5M | ||
| Q3 24 | $35.9M | $-1.9M | ||
| Q2 24 | $32.1M | $27.9M | ||
| Q1 24 | $17.8M | $7.9M |
| Q4 25 | 63.8% | 24.3% | ||
| Q3 25 | 56.3% | 25.9% | ||
| Q2 25 | 55.1% | 28.8% | ||
| Q1 25 | 53.2% | 24.1% | ||
| Q4 24 | 53.9% | 26.6% | ||
| Q3 24 | 49.8% | 27.4% | ||
| Q2 24 | 53.6% | 35.5% | ||
| Q1 24 | 47.8% | 28.7% |
| Q4 25 | 45.1% | 3.3% | ||
| Q3 25 | 38.0% | -3.5% | ||
| Q2 25 | 35.1% | 9.3% | ||
| Q1 25 | 30.4% | 4.1% | ||
| Q4 24 | 32.6% | 5.8% | ||
| Q3 24 | 33.1% | -1.7% | ||
| Q2 24 | 36.6% | 17.4% | ||
| Q1 24 | 26.7% | 8.2% |
| Q4 25 | 35.5% | 1.5% | ||
| Q3 25 | 27.1% | -4.0% | ||
| Q2 25 | 28.1% | 6.1% | ||
| Q1 25 | 23.4% | 1.8% | ||
| Q4 24 | 95.2% | 3.5% | ||
| Q3 24 | 30.0% | -2.1% | ||
| Q2 24 | 29.9% | 17.5% | ||
| Q1 24 | 21.7% | 5.7% |
| Q4 25 | $0.20 | $0.04 | ||
| Q3 25 | $0.15 | $-0.08 | ||
| Q2 25 | $0.14 | $0.19 | ||
| Q1 25 | $0.11 | $0.05 | ||
| Q4 24 | $0.45 | $0.10 | ||
| Q3 24 | $0.15 | $-0.04 | ||
| Q2 24 | $0.13 | $0.60 | ||
| Q1 24 | $0.08 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $87.6M | $22.4M |
| Total DebtLower is stronger | $72.1M | — |
| Stockholders' EquityBook value | $477.3M | $363.2M |
| Total Assets | $624.2M | $548.6M |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6M | $22.4M | ||
| Q3 25 | $61.4M | $18.0M | ||
| Q2 25 | $90.3M | $25.2M | ||
| Q1 25 | $71.6M | $26.7M | ||
| Q4 24 | $103.1M | $39.1M | ||
| Q3 24 | $86.7M | $35.5M | ||
| Q2 24 | $88.2M | $60.8M | ||
| Q1 24 | $45.3M | $47.4M |
| Q4 25 | $72.1M | — | ||
| Q3 25 | $72.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $72.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $477.3M | $363.2M | ||
| Q3 25 | $431.2M | $364.4M | ||
| Q2 25 | $398.3M | $372.5M | ||
| Q1 25 | $373.4M | $366.9M | ||
| Q4 24 | $349.0M | $371.5M | ||
| Q3 24 | $231.9M | $380.0M | ||
| Q2 24 | $188.3M | $399.9M | ||
| Q1 24 | $153.7M | $376.4M |
| Q4 25 | $624.2M | $548.6M | ||
| Q3 25 | $568.7M | $554.6M | ||
| Q2 25 | $558.4M | $559.6M | ||
| Q1 25 | $510.6M | $578.9M | ||
| Q4 24 | $488.7M | $587.4M | ||
| Q3 24 | $390.6M | $571.3M | ||
| Q2 24 | $376.4M | $577.4M | ||
| Q1 24 | $350.9M | $570.6M |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $35.6M | $27.3M |
| Free Cash FlowOCF − Capex | $34.6M | $16.3M |
| FCF MarginFCF / Revenue | 24.8% | 13.1% |
| Capex IntensityCapex / Revenue | 0.8% | 8.8% |
| Cash ConversionOCF / Net Profit | 0.72× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $27.8M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.6M | $27.3M | ||
| Q3 25 | $13.3M | $-8.1M | ||
| Q2 25 | $21.1M | $40.8M | ||
| Q1 25 | $-19.7M | $-9.8M | ||
| Q4 24 | $50.2M | $-7.4M | ||
| Q3 24 | $25.0M | $-30.8M | ||
| Q2 24 | $45.6M | $43.7M | ||
| Q1 24 | $-2.2M | $25.2M |
| Q4 25 | $34.6M | $16.3M | ||
| Q3 25 | $-1.1M | $-12.4M | ||
| Q2 25 | $18.7M | $33.5M | ||
| Q1 25 | $-24.4M | $-16.1M | ||
| Q4 24 | $47.5M | $-10.7M | ||
| Q3 24 | $24.0M | $-35.5M | ||
| Q2 24 | $43.6M | $38.2M | ||
| Q1 24 | $-4.6M | $7.0M |
| Q4 25 | 24.8% | 13.1% | ||
| Q3 25 | -0.8% | -14.6% | ||
| Q2 25 | 15.3% | 23.8% | ||
| Q1 25 | -21.2% | -13.9% | ||
| Q4 24 | 40.4% | -8.3% | ||
| Q3 24 | 20.0% | -40.2% | ||
| Q2 24 | 40.7% | 24.0% | ||
| Q1 24 | -5.6% | 5.1% |
| Q4 25 | 0.8% | 8.8% | ||
| Q3 25 | 10.7% | 5.0% | ||
| Q2 25 | 2.0% | 5.2% | ||
| Q1 25 | 4.1% | 5.4% | ||
| Q4 24 | 2.3% | 2.5% | ||
| Q3 24 | 0.9% | 5.3% | ||
| Q2 24 | 1.9% | 3.5% | ||
| Q1 24 | 2.9% | 13.2% |
| Q4 25 | 0.72× | 14.22× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.62× | 4.73× | ||
| Q1 25 | -0.73× | -4.68× | ||
| Q4 24 | 0.45× | -1.63× | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 1.42× | 1.57× | ||
| Q1 24 | -0.12× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADMA
| ADMA Bio Manufacturing Segment | $123.1M | 88% |
| Other | $16.0M | 12% |
SWBI
Segment breakdown not available.
