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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $107.5M, roughly 1.2× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs -3.9%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -4.8%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
AGM vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $124.7M |
| Net Profit | — | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 56.3% | 3.3% |
| Net Margin | — | 1.5% |
| Revenue YoY | 6.1% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $3.69 | $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 | $107.5M | $124.7M | ||
| Q3 25 | $104.0M | $85.1M | ||
| Q2 25 | $102.6M | $140.8M | ||
| Q1 25 | $94.3M | $115.9M | ||
| Q4 24 | $101.3M | $129.7M | ||
| Q3 24 | $90.3M | $88.3M | ||
| Q2 24 | $89.9M | $159.1M | ||
| Q1 24 | $93.7M | $137.5M |
| Q4 25 | — | $1.9M | ||
| Q3 25 | $55.0M | $-3.4M | ||
| Q2 25 | $54.8M | $8.6M | ||
| Q1 25 | $49.7M | $2.1M | ||
| Q4 24 | $56.5M | $4.5M | ||
| Q3 24 | $49.8M | $-1.9M | ||
| Q2 24 | $47.1M | $27.9M | ||
| Q1 24 | $53.7M | $7.9M |
| 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% |
| Q4 25 | 56.3% | 3.3% | ||
| Q3 25 | 64.1% | -3.5% | ||
| Q2 25 | 63.8% | 9.3% | ||
| Q1 25 | 66.9% | 4.1% | ||
| Q4 24 | 67.5% | 5.8% | ||
| Q3 24 | 69.0% | -1.7% | ||
| Q2 24 | 65.9% | 17.4% | ||
| Q1 24 | 72.8% | 8.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 52.9% | -4.0% | ||
| Q2 25 | 53.4% | 6.1% | ||
| Q1 25 | 52.6% | 1.8% | ||
| Q4 24 | 55.8% | 3.5% | ||
| Q3 24 | 55.2% | -2.1% | ||
| Q2 24 | 52.4% | 17.5% | ||
| Q1 24 | 57.4% | 5.7% |
| Q4 25 | $3.69 | $0.04 | ||
| Q3 25 | $4.44 | $-0.08 | ||
| Q2 25 | $4.48 | $0.19 | ||
| Q1 25 | $4.01 | $0.05 | ||
| Q4 24 | $4.62 | $0.10 | ||
| Q3 24 | $3.86 | $-0.04 | ||
| Q2 24 | $3.68 | $0.60 | ||
| Q1 24 | $4.28 | $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 | — | $22.4M |
| Total DebtLower is stronger | $30.8B | — |
| Stockholders' EquityBook value | $1.7B | $363.2M |
| Total Assets | $35.4B | $548.6M |
| Debt / EquityLower = less leverage | 17.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.4M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $25.2M | ||
| Q1 25 | — | $26.7M | ||
| Q4 24 | — | $39.1M | ||
| Q3 24 | $842.1M | $35.5M | ||
| Q2 24 | $923.0M | $60.8M | ||
| Q1 24 | $745.1M | $47.4M |
| Q4 25 | $30.8B | — | ||
| Q3 25 | $29.2B | — | ||
| Q2 25 | $28.9B | — | ||
| Q1 25 | $28.0B | — | ||
| Q4 24 | $27.5B | — | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $26.8B | — | ||
| Q1 24 | $26.8B | — |
| Q4 25 | $1.7B | $363.2M | ||
| Q3 25 | $1.7B | $364.4M | ||
| Q2 25 | $1.5B | $372.5M | ||
| Q1 25 | $1.5B | $366.9M | ||
| Q4 24 | $1.5B | $371.5M | ||
| Q3 24 | $1.5B | $380.0M | ||
| Q2 24 | $1.5B | $399.9M | ||
| Q1 24 | $1.5B | $376.4M |
| Q4 25 | $35.4B | $548.6M | ||
| Q3 25 | $33.4B | $554.6M | ||
| Q2 25 | $33.0B | $559.6M | ||
| Q1 25 | $31.8B | $578.9M | ||
| Q4 24 | $31.3B | $587.4M | ||
| Q3 24 | $30.6B | $571.3M | ||
| Q2 24 | $30.2B | $577.4M | ||
| Q1 24 | $29.8B | $570.6M |
| Q4 25 | 17.93× | — | ||
| Q3 25 | 17.31× | — | ||
| Q2 25 | 18.70× | — | ||
| Q1 25 | 18.39× | — | ||
| Q4 24 | 18.48× | — | ||
| Q3 24 | 18.60× | — | ||
| Q2 24 | 17.87× | — | ||
| Q1 24 | 18.11× | — |
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 | $80.1M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | 0.0% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $27.3M | ||
| Q3 25 | $74.2M | $-8.1M | ||
| Q2 25 | $-47.7M | $40.8M | ||
| Q1 25 | $-49.8M | $-9.8M | ||
| Q4 24 | $612.6M | $-7.4M | ||
| Q3 24 | $-44.4M | $-30.8M | ||
| Q2 24 | $56.1M | $43.7M | ||
| Q1 24 | $233.3M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | $607.4M | $-10.7M | ||
| Q3 24 | $-44.4M | $-35.5M | ||
| Q2 24 | $52.6M | $38.2M | ||
| Q1 24 | $231.7M | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | 599.8% | -8.3% | ||
| Q3 24 | -49.2% | -40.2% | ||
| Q2 24 | 58.5% | 24.0% | ||
| Q1 24 | 247.3% | 5.1% |
| Q4 25 | 0.0% | 8.8% | ||
| Q3 25 | 0.0% | 5.0% | ||
| Q2 25 | 0.0% | 5.2% | ||
| Q1 25 | 0.0% | 5.4% | ||
| Q4 24 | 5.2% | 2.5% | ||
| Q3 24 | 0.1% | 5.3% | ||
| Q2 24 | 4.0% | 3.5% | ||
| Q1 24 | 1.7% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | 4.73× | ||
| Q1 25 | -1.00× | -4.68× | ||
| Q4 24 | 10.84× | -1.63× | ||
| Q3 24 | -0.89× | — | ||
| Q2 24 | 1.19× | 1.57× | ||
| Q1 24 | 4.34× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
