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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.4× AlTi Global, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -15.1%, a 16.7% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -4.8%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ALTI vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $124.7M |
| Net Profit | $-13.1M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | -2.1% | 3.3% |
| Net Margin | -15.1% | 1.5% |
| Revenue YoY | 87.0% | -3.9% |
| Net Profit YoY | 75.6% | -53.6% |
| EPS (diluted) | — | $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 | $86.6M | $124.7M | ||
| Q3 25 | $57.2M | $85.1M | ||
| Q2 25 | $53.1M | $140.8M | ||
| Q1 25 | $58.0M | $115.9M | ||
| Q4 24 | $46.3M | $129.7M | ||
| Q3 24 | $51.8M | $88.3M | ||
| Q2 24 | $49.5M | $159.1M | ||
| Q1 24 | $50.8M | $137.5M |
| Q4 25 | $-13.1M | $1.9M | ||
| Q3 25 | $-84.1M | $-3.4M | ||
| Q2 25 | $-24.4M | $8.6M | ||
| Q1 25 | $1.9M | $2.1M | ||
| Q4 24 | $-53.8M | $4.5M | ||
| Q3 24 | $-72.5M | $-1.9M | ||
| Q2 24 | $-6.4M | $27.9M | ||
| Q1 24 | $29.7M | $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 | -2.1% | 3.3% | ||
| Q3 25 | -49.8% | -3.5% | ||
| Q2 25 | -56.7% | 9.3% | ||
| Q1 25 | -23.3% | 4.1% | ||
| Q4 24 | -42.7% | 5.8% | ||
| Q3 24 | -18.4% | -1.7% | ||
| Q2 24 | -30.2% | 17.4% | ||
| Q1 24 | -28.9% | 8.2% |
| Q4 25 | -15.1% | 1.5% | ||
| Q3 25 | -147.0% | -4.0% | ||
| Q2 25 | -45.9% | 6.1% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | -116.1% | 3.5% | ||
| Q3 24 | -140.0% | -2.1% | ||
| Q2 24 | -12.9% | 17.5% | ||
| Q1 24 | 58.4% | 5.7% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | $-0.33 | $0.19 | ||
| Q1 25 | $-0.04 | $0.05 | ||
| Q4 24 | $-0.71 | $0.10 | ||
| Q3 24 | $-0.88 | $-0.04 | ||
| Q2 24 | $-0.18 | $0.60 | ||
| Q1 24 | $0.18 | $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 | $41.2M | $22.4M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $363.2M |
| Total Assets | $1.2B | $548.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $22.4M | ||
| Q3 25 | $35.8M | $18.0M | ||
| Q2 25 | $42.4M | $25.2M | ||
| Q1 25 | $52.8M | $26.7M | ||
| Q4 24 | $64.4M | $39.1M | ||
| Q3 24 | $220.6M | $35.5M | ||
| Q2 24 | $60.0M | $60.8M | ||
| Q1 24 | $134.2M | $47.4M |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $363.2M | ||
| Q3 25 | $607.2M | $364.4M | ||
| Q2 25 | $685.4M | $372.5M | ||
| Q1 25 | $665.2M | $366.9M | ||
| Q4 24 | $658.4M | $371.5M | ||
| Q3 24 | $707.0M | $380.0M | ||
| Q2 24 | $540.2M | $399.9M | ||
| Q1 24 | $510.9M | $376.4M |
| Q4 25 | $1.2B | $548.6M | ||
| Q3 25 | $1.2B | $554.6M | ||
| Q2 25 | $1.2B | $559.6M | ||
| Q1 25 | $1.2B | $578.9M | ||
| Q4 24 | $1.3B | $587.4M | ||
| Q3 24 | $1.4B | $571.3M | ||
| Q2 24 | $1.3B | $577.4M | ||
| Q1 24 | $1.3B | $570.6M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $27.3M |
| Free Cash FlowOCF − Capex | $-52.2M | $16.3M |
| FCF MarginFCF / Revenue | -60.3% | 13.1% |
| Capex IntensityCapex / Revenue | 0.9% | 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 | $-51.4M | $27.3M | ||
| Q3 25 | $-53.5M | $-8.1M | ||
| Q2 25 | $-19.9M | $40.8M | ||
| Q1 25 | $-30.2M | $-9.8M | ||
| Q4 24 | $-50.7M | $-7.4M | ||
| Q3 24 | $-4.9M | $-30.8M | ||
| Q2 24 | $-30.2M | $43.7M | ||
| Q1 24 | $-15.5M | $25.2M |
| Q4 25 | $-52.2M | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | $-20.0M | $33.5M | ||
| Q1 25 | $-31.0M | $-16.1M | ||
| Q4 24 | $-58.2M | $-10.7M | ||
| Q3 24 | $-9.4M | $-35.5M | ||
| Q2 24 | $-31.2M | $38.2M | ||
| Q1 24 | $-15.7M | $7.0M |
| Q4 25 | -60.3% | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | -37.6% | 23.8% | ||
| Q1 25 | -53.4% | -13.9% | ||
| Q4 24 | -125.7% | -8.3% | ||
| Q3 24 | -18.2% | -40.2% | ||
| Q2 24 | -63.2% | 24.0% | ||
| Q1 24 | -30.9% | 5.1% |
| Q4 25 | 0.9% | 8.8% | ||
| Q3 25 | 0.0% | 5.0% | ||
| Q2 25 | 0.0% | 5.2% | ||
| Q1 25 | 1.3% | 5.4% | ||
| Q4 24 | 16.3% | 2.5% | ||
| Q3 24 | 8.7% | 5.3% | ||
| Q2 24 | 2.2% | 3.5% | ||
| Q1 24 | 0.4% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | -15.80× | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | -0.52× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
SWBI
Segment breakdown not available.
