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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $124.7M, roughly 1.3× SMITH & WESSON BRANDS, INC.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 1.5%, a 16.0% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -4.8%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
AWR vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $124.7M |
| Net Profit | $28.7M | $1.9M |
| Gross Margin | 88.9% | 24.3% |
| Operating Margin | 27.4% | 3.3% |
| Net Margin | 17.5% | 1.5% |
| Revenue YoY | 14.8% | -3.9% |
| Net Profit YoY | 1.1% | -53.6% |
| EPS (diluted) | $0.74 | $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 | $164.3M | $124.7M | ||
| Q3 25 | $182.7M | $85.1M | ||
| Q2 25 | $163.1M | $140.8M | ||
| Q1 25 | $148.0M | $115.9M | ||
| Q4 24 | $143.1M | $129.7M | ||
| Q3 24 | $161.8M | $88.3M | ||
| Q2 24 | $155.3M | $159.1M | ||
| Q1 24 | $135.3M | $137.5M |
| Q4 25 | $28.7M | $1.9M | ||
| Q3 25 | $41.2M | $-3.4M | ||
| Q2 25 | $33.7M | $8.6M | ||
| Q1 25 | $26.8M | $2.1M | ||
| Q4 24 | $28.4M | $4.5M | ||
| Q3 24 | $35.8M | $-1.9M | ||
| Q2 24 | $31.9M | $27.9M | ||
| Q1 24 | $23.1M | $7.9M |
| Q4 25 | 88.9% | 24.3% | ||
| Q3 25 | 91.0% | 25.9% | ||
| Q2 25 | 92.1% | 28.8% | ||
| Q1 25 | 91.3% | 24.1% | ||
| Q4 24 | 92.4% | 26.6% | ||
| Q3 24 | 92.7% | 27.4% | ||
| Q2 24 | 89.6% | 35.5% | ||
| Q1 24 | 88.4% | 28.7% |
| Q4 25 | 27.4% | 3.3% | ||
| Q3 25 | 33.8% | -3.5% | ||
| Q2 25 | 31.3% | 9.3% | ||
| Q1 25 | 30.8% | 4.1% | ||
| Q4 24 | 27.0% | 5.8% | ||
| Q3 24 | 34.0% | -1.7% | ||
| Q2 24 | 33.3% | 17.4% | ||
| Q1 24 | 28.8% | 8.2% |
| Q4 25 | 17.5% | 1.5% | ||
| Q3 25 | 22.5% | -4.0% | ||
| Q2 25 | 20.7% | 6.1% | ||
| Q1 25 | 18.1% | 1.8% | ||
| Q4 24 | 19.9% | 3.5% | ||
| Q3 24 | 22.1% | -2.1% | ||
| Q2 24 | 20.5% | 17.5% | ||
| Q1 24 | 17.1% | 5.7% |
| Q4 25 | $0.74 | $0.04 | ||
| Q3 25 | $1.06 | $-0.08 | ||
| Q2 25 | $0.87 | $0.19 | ||
| Q1 25 | $0.70 | $0.05 | ||
| Q4 24 | $0.75 | $0.10 | ||
| Q3 24 | $0.95 | $-0.04 | ||
| Q2 24 | $0.85 | $0.60 | ||
| Q1 24 | $0.62 | $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 | $18.8M | $22.4M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $363.2M |
| Total Assets | $2.7B | $548.6M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $22.4M | ||
| Q3 25 | $26.1M | $18.0M | ||
| Q2 25 | $20.2M | $25.2M | ||
| Q1 25 | $21.2M | $26.7M | ||
| Q4 24 | $26.7M | $39.1M | ||
| Q3 24 | $16.5M | $35.5M | ||
| Q2 24 | $3.6M | $60.8M | ||
| Q1 24 | $17.0M | $47.4M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $363.2M | ||
| Q3 25 | $1.0B | $364.4M | ||
| Q2 25 | $972.5M | $372.5M | ||
| Q1 25 | $956.4M | $366.9M | ||
| Q4 24 | $920.1M | $371.5M | ||
| Q3 24 | $879.5M | $380.0M | ||
| Q2 24 | $833.5M | $399.9M | ||
| Q1 24 | $800.5M | $376.4M |
| Q4 25 | $2.7B | $548.6M | ||
| Q3 25 | $2.7B | $554.6M | ||
| Q2 25 | $2.6B | $559.6M | ||
| Q1 25 | $2.5B | $578.9M | ||
| Q4 24 | $2.5B | $587.4M | ||
| Q3 24 | $2.4B | $571.3M | ||
| Q2 24 | $2.3B | $577.4M | ||
| Q1 24 | $2.3B | $570.6M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| 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 | $27.7M | $27.3M |
| Free Cash FlowOCF − Capex | $-36.0M | $16.3M |
| FCF MarginFCF / Revenue | -21.9% | 13.1% |
| Capex IntensityCapex / Revenue | 38.8% | 8.8% |
| Cash ConversionOCF / Net Profit | 0.96× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $27.3M | ||
| Q3 25 | $92.4M | $-8.1M | ||
| Q2 25 | $64.6M | $40.8M | ||
| Q1 25 | $45.1M | $-9.8M | ||
| Q4 24 | $64.5M | $-7.4M | ||
| Q3 24 | $63.7M | $-30.8M | ||
| Q2 24 | $24.7M | $43.7M | ||
| Q1 24 | $45.8M | $25.2M |
| Q4 25 | $-36.0M | $16.3M | ||
| Q3 25 | $37.7M | $-12.4M | ||
| Q2 25 | $13.7M | $33.5M | ||
| Q1 25 | $-22.5M | $-16.1M | ||
| Q4 24 | $6.0M | $-10.7M | ||
| Q3 24 | $-478.0K | $-35.5M | ||
| Q2 24 | $-37.0M | $38.2M | ||
| Q1 24 | $-1.7M | $7.0M |
| Q4 25 | -21.9% | 13.1% | ||
| Q3 25 | 20.7% | -14.6% | ||
| Q2 25 | 8.4% | 23.8% | ||
| Q1 25 | -15.2% | -13.9% | ||
| Q4 24 | 4.2% | -8.3% | ||
| Q3 24 | -0.3% | -40.2% | ||
| Q2 24 | -23.8% | 24.0% | ||
| Q1 24 | -1.3% | 5.1% |
| Q4 25 | 38.8% | 8.8% | ||
| Q3 25 | 29.9% | 5.0% | ||
| Q2 25 | 31.2% | 5.2% | ||
| Q1 25 | 45.6% | 5.4% | ||
| Q4 24 | 40.9% | 2.5% | ||
| Q3 24 | 39.7% | 5.3% | ||
| Q2 24 | 39.8% | 3.5% | ||
| Q1 24 | 35.2% | 13.2% |
| Q4 25 | 0.96× | 14.22× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | 4.73× | ||
| Q1 25 | 1.68× | -4.68× | ||
| Q4 24 | 2.27× | -1.63× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | 1.57× | ||
| Q1 24 | 1.98× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
SWBI
Segment breakdown not available.
