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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $124.7M, roughly 1.6× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -14.6%, a 16.1% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -4.8%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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

AXSM vs SWBI — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.6× larger
AXSM
$196.0M
$124.7M
SWBI
Growing faster (revenue YoY)
AXSM
AXSM
+68.9% gap
AXSM
65.0%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
16.1% more per $
SWBI
1.5%
-14.6%
AXSM
More free cash flow
SWBI
SWBI
$35.0M more FCF
SWBI
$16.3M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AXSM
AXSM
SWBI
SWBI
Revenue
$196.0M
$124.7M
Net Profit
$-28.6M
$1.9M
Gross Margin
24.3%
Operating Margin
-13.8%
3.3%
Net Margin
-14.6%
1.5%
Revenue YoY
65.0%
-3.9%
Net Profit YoY
61.9%
-53.6%
EPS (diluted)
$-0.55
$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
AXSM
AXSM
SWBI
SWBI
Q4 25
$196.0M
$124.7M
Q3 25
$171.0M
$85.1M
Q2 25
$150.0M
$140.8M
Q1 25
$121.5M
$115.9M
Q4 24
$118.8M
$129.7M
Q3 24
$104.8M
$88.3M
Q2 24
$87.2M
$159.1M
Q1 24
$75.0M
$137.5M
Net Profit
AXSM
AXSM
SWBI
SWBI
Q4 25
$-28.6M
$1.9M
Q3 25
$-47.2M
$-3.4M
Q2 25
$-48.0M
$8.6M
Q1 25
$-59.4M
$2.1M
Q4 24
$-74.9M
$4.5M
Q3 24
$-64.6M
$-1.9M
Q2 24
$-79.3M
$27.9M
Q1 24
$-68.4M
$7.9M
Gross Margin
AXSM
AXSM
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
AXSM
AXSM
SWBI
SWBI
Q4 25
-13.8%
3.3%
Q3 25
-27.0%
-3.5%
Q2 25
-24.5%
9.3%
Q1 25
-46.9%
4.1%
Q4 24
-61.1%
5.8%
Q3 24
-59.8%
-1.7%
Q2 24
-89.5%
17.4%
Q1 24
-89.7%
8.2%
Net Margin
AXSM
AXSM
SWBI
SWBI
Q4 25
-14.6%
1.5%
Q3 25
-27.6%
-4.0%
Q2 25
-32.0%
6.1%
Q1 25
-48.9%
1.8%
Q4 24
-63.1%
3.5%
Q3 24
-61.7%
-2.1%
Q2 24
-91.0%
17.5%
Q1 24
-91.1%
5.7%
EPS (diluted)
AXSM
AXSM
SWBI
SWBI
Q4 25
$-0.55
$0.04
Q3 25
$-0.94
$-0.08
Q2 25
$-0.97
$0.19
Q1 25
$-1.22
$0.05
Q4 24
$-1.54
$0.10
Q3 24
$-1.34
$-0.04
Q2 24
$-1.67
$0.60
Q1 24
$-1.44
$0.17

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$322.9M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$363.2M
Total Assets
$689.8M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
SWBI
SWBI
Q4 25
$322.9M
$22.4M
Q3 25
$325.3M
$18.0M
Q2 25
$303.0M
$25.2M
Q1 25
$300.9M
$26.7M
Q4 24
$315.4M
$39.1M
Q3 24
$327.3M
$35.5M
Q2 24
$315.7M
$60.8M
Q1 24
$331.4M
$47.4M
Stockholders' Equity
AXSM
AXSM
SWBI
SWBI
Q4 25
$88.3M
$363.2M
Q3 25
$73.7M
$364.4M
Q2 25
$73.1M
$372.5M
Q1 25
$53.2M
$366.9M
Q4 24
$57.0M
$371.5M
Q3 24
$92.9M
$380.0M
Q2 24
$102.9M
$399.9M
Q1 24
$144.0M
$376.4M
Total Assets
AXSM
AXSM
SWBI
SWBI
Q4 25
$689.8M
$548.6M
Q3 25
$669.3M
$554.6M
Q2 25
$639.8M
$559.6M
Q1 25
$596.7M
$578.9M
Q4 24
$568.5M
$587.4M
Q3 24
$561.5M
$571.3M
Q2 24
$548.2M
$577.4M
Q1 24
$545.7M
$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
AXSM
AXSM
SWBI
SWBI
Operating Cash FlowLast quarter
$-18.7M
$27.3M
Free Cash FlowOCF − Capex
$-18.7M
$16.3M
FCF MarginFCF / Revenue
-9.6%
13.1%
Capex IntensityCapex / Revenue
0.0%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
SWBI
SWBI
Q4 25
$-18.7M
$27.3M
Q3 25
$1.0M
$-8.1M
Q2 25
$-32.4M
$40.8M
Q1 25
$-43.4M
$-9.8M
Q4 24
$-26.2M
$-7.4M
Q3 24
$-18.6M
$-30.8M
Q2 24
$-30.1M
$43.7M
Q1 24
$-53.5M
$25.2M
Free Cash Flow
AXSM
AXSM
SWBI
SWBI
Q4 25
$-18.7M
$16.3M
Q3 25
$988.0K
$-12.4M
Q2 25
$-32.4M
$33.5M
Q1 25
$-43.7M
$-16.1M
Q4 24
$-26.2M
$-10.7M
Q3 24
$-18.7M
$-35.5M
Q2 24
$-30.2M
$38.2M
Q1 24
$-53.6M
$7.0M
FCF Margin
AXSM
AXSM
SWBI
SWBI
Q4 25
-9.6%
13.1%
Q3 25
0.6%
-14.6%
Q2 25
-21.6%
23.8%
Q1 25
-36.0%
-13.9%
Q4 24
-22.1%
-8.3%
Q3 24
-17.9%
-40.2%
Q2 24
-34.6%
24.0%
Q1 24
-71.4%
5.1%
Capex Intensity
AXSM
AXSM
SWBI
SWBI
Q4 25
0.0%
8.8%
Q3 25
0.0%
5.0%
Q2 25
0.0%
5.2%
Q1 25
0.3%
5.4%
Q4 24
0.0%
2.5%
Q3 24
0.1%
5.3%
Q2 24
0.1%
3.5%
Q1 24
0.1%
13.2%
Cash Conversion
AXSM
AXSM
SWBI
SWBI
Q4 25
14.22×
Q3 25
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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