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Side-by-side financial comparison of ANAPTYSBIO, INC (ANAB) 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 $108.2M, roughly 1.2× ANAPTYSBIO, INC). ANAPTYSBIO, INC runs the higher net margin — 45.8% vs 1.5%, a 44.3% gap on every dollar of revenue. On growth, ANAPTYSBIO, INC posted the faster year-over-year revenue change (151.1% vs -3.9%). ANAPTYSBIO, INC produced more free cash flow last quarter ($98.0M vs $16.3M). Over the past eight quarters, ANAPTYSBIO, INC's revenue compounded faster (288.3% CAGR vs -4.8%).

AnaptysBio, Inc. is a clinical-stage biotechnology company focused on developing antibody-based immunotherapies for inflammatory diseases, immuno-oncology indications, and rare disease conditions. It primarily serves the U.S. market, advancing its innovative product candidate pipeline to address unmet medical needs via rigorous research and clinical development.

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

ANAB vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.2× larger
SWBI
$124.7M
$108.2M
ANAB
Growing faster (revenue YoY)
ANAB
ANAB
+154.9% gap
ANAB
151.1%
-3.9%
SWBI
Higher net margin
ANAB
ANAB
44.3% more per $
ANAB
45.8%
1.5%
SWBI
More free cash flow
ANAB
ANAB
$81.7M more FCF
ANAB
$98.0M
$16.3M
SWBI
Faster 2-yr revenue CAGR
ANAB
ANAB
Annualised
ANAB
288.3%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ANAB
ANAB
SWBI
SWBI
Revenue
$108.2M
$124.7M
Net Profit
$49.6M
$1.9M
Gross Margin
24.3%
Operating Margin
61.8%
3.3%
Net Margin
45.8%
1.5%
Revenue YoY
151.1%
-3.9%
Net Profit YoY
327.8%
-53.6%
EPS (diluted)
$1.64
$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
ANAB
ANAB
SWBI
SWBI
Q4 25
$108.2M
$124.7M
Q3 25
$76.3M
$85.1M
Q2 25
$22.3M
$140.8M
Q1 25
$27.8M
$115.9M
Q4 24
$43.1M
$129.7M
Q3 24
$30.0M
$88.3M
Q2 24
$11.0M
$159.1M
Q1 24
$7.2M
$137.5M
Net Profit
ANAB
ANAB
SWBI
SWBI
Q4 25
$49.6M
$1.9M
Q3 25
$15.1M
$-3.4M
Q2 25
$-38.6M
$8.6M
Q1 25
$-39.3M
$2.1M
Q4 24
$-21.8M
$4.5M
Q3 24
$-32.9M
$-1.9M
Q2 24
$-46.7M
$27.9M
Q1 24
$-43.9M
$7.9M
Gross Margin
ANAB
ANAB
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
ANAB
ANAB
SWBI
SWBI
Q4 25
61.8%
3.3%
Q3 25
45.5%
-3.5%
Q2 25
-117.5%
9.3%
Q1 25
-99.2%
4.1%
Q4 24
-22.4%
5.8%
Q3 24
-75.8%
-1.7%
Q2 24
-367.5%
17.4%
Q1 24
-587.8%
8.2%
Net Margin
ANAB
ANAB
SWBI
SWBI
Q4 25
45.8%
1.5%
Q3 25
19.8%
-4.0%
Q2 25
-173.5%
6.1%
Q1 25
-141.6%
1.8%
Q4 24
-50.5%
3.5%
Q3 24
-109.4%
-2.1%
Q2 24
-425.3%
17.5%
Q1 24
-612.0%
5.7%
EPS (diluted)
ANAB
ANAB
SWBI
SWBI
Q4 25
$1.64
$0.04
Q3 25
$0.52
$-0.08
Q2 25
$-1.34
$0.19
Q1 25
$-1.28
$0.05
Q4 24
$-0.63
$0.10
Q3 24
$-1.14
$-0.04
Q2 24
$-1.71
$0.60
Q1 24
$-1.64
$0.17

Balance Sheet & Financial Strength

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

Metric
ANAB
ANAB
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$238.2M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$37.2M
$363.2M
Total Assets
$364.4M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANAB
ANAB
SWBI
SWBI
Q4 25
$238.2M
$22.4M
Q3 25
$109.8M
$18.0M
Q2 25
$44.3M
$25.2M
Q1 25
$98.6M
$26.7M
Q4 24
$123.1M
$39.1M
Q3 24
$191.6M
$35.5M
Q2 24
$71.8M
$60.8M
Q1 24
$53.7M
$47.4M
Stockholders' Equity
ANAB
ANAB
SWBI
SWBI
Q4 25
$37.2M
$363.2M
Q3 25
$-29.4M
$364.4M
Q2 25
$-44.7M
$372.5M
Q1 25
$34.0M
$366.9M
Q4 24
$70.9M
$371.5M
Q3 24
$84.4M
$380.0M
Q2 24
$9.9M
$399.9M
Q1 24
$47.8M
$376.4M
Total Assets
ANAB
ANAB
SWBI
SWBI
Q4 25
$364.4M
$548.6M
Q3 25
$353.1M
$554.6M
Q2 25
$335.3M
$559.6M
Q1 25
$422.1M
$578.9M
Q4 24
$483.8M
$587.4M
Q3 24
$493.4M
$571.3M
Q2 24
$427.4M
$577.4M
Q1 24
$405.8M
$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
ANAB
ANAB
SWBI
SWBI
Operating Cash FlowLast quarter
$98.0M
$27.3M
Free Cash FlowOCF − Capex
$98.0M
$16.3M
FCF MarginFCF / Revenue
90.5%
13.1%
Capex IntensityCapex / Revenue
0.0%
8.8%
Cash ConversionOCF / Net Profit
1.98×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$19.6M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANAB
ANAB
SWBI
SWBI
Q4 25
$98.0M
$27.3M
Q3 25
$-27.4M
$-8.1M
Q2 25
$-40.2M
$40.8M
Q1 25
$-10.7M
$-9.8M
Q4 24
$-66.7M
$-7.4M
Q3 24
$-10.1M
$-30.8M
Q2 24
$-21.3M
$43.7M
Q1 24
$-37.3M
$25.2M
Free Cash Flow
ANAB
ANAB
SWBI
SWBI
Q4 25
$98.0M
$16.3M
Q3 25
$-27.4M
$-12.4M
Q2 25
$-40.3M
$33.5M
Q1 25
$-10.7M
$-16.1M
Q4 24
$-66.9M
$-10.7M
Q3 24
$-10.1M
$-35.5M
Q2 24
$-21.4M
$38.2M
Q1 24
$-37.3M
$7.0M
FCF Margin
ANAB
ANAB
SWBI
SWBI
Q4 25
90.5%
13.1%
Q3 25
-35.9%
-14.6%
Q2 25
-180.9%
23.8%
Q1 25
-38.7%
-13.9%
Q4 24
-155.3%
-8.3%
Q3 24
-33.7%
-40.2%
Q2 24
-194.6%
24.0%
Q1 24
-519.3%
5.1%
Capex Intensity
ANAB
ANAB
SWBI
SWBI
Q4 25
0.0%
8.8%
Q3 25
0.0%
5.0%
Q2 25
0.2%
5.2%
Q1 25
0.1%
5.4%
Q4 24
0.6%
2.5%
Q3 24
0.1%
5.3%
Q2 24
0.3%
3.5%
Q1 24
0.4%
13.2%
Cash Conversion
ANAB
ANAB
SWBI
SWBI
Q4 25
1.98×
14.22×
Q3 25
-1.81×
Q2 25
4.73×
Q1 25
-4.68×
Q4 24
-1.63×
Q3 24
Q2 24
1.57×
Q1 24
3.20×

Financial Flow Comparison

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

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