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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $141.8M, roughly 1.8× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 1.4%, a 8.3% gap on every dollar of revenue. On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -9.4%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $8.7M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 17.3%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
BB vs SDHC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $260.4M |
| Net Profit | $13.7M | $3.5M |
| Gross Margin | 77.5% | 19.9% |
| Operating Margin | 8.4% | 6.5% |
| Net Margin | 9.7% | 1.4% |
| Revenue YoY | -0.8% | -9.4% |
| Net Profit YoY | 224.5% | -14.3% |
| EPS (diluted) | $0.02 | $0.39 |
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 | $141.8M | $260.4M | ||
| Q3 25 | $129.6M | $262.0M | ||
| Q2 25 | $121.7M | $223.9M | ||
| Q1 25 | $141.7M | $224.7M | ||
| Q4 24 | $143.6M | $287.5M | ||
| Q3 24 | $126.2M | $277.8M | ||
| Q2 24 | $123.4M | $220.9M | ||
| Q1 24 | $102.1M | $189.2M |
| Q4 25 | $13.7M | $3.5M | ||
| Q3 25 | $13.3M | $2.1M | ||
| Q2 25 | $1.9M | $2.4M | ||
| Q1 25 | $-7.4M | $2.7M | ||
| Q4 24 | $-10.5M | $4.1M | ||
| Q3 24 | $-19.7M | $5.3M | ||
| Q2 24 | $-41.4M | $3.6M | ||
| Q1 24 | $-56.2M | $3.0M |
| Q4 25 | 77.5% | 19.9% | ||
| Q3 25 | 74.5% | 21.0% | ||
| Q2 25 | 74.2% | 23.2% | ||
| Q1 25 | 73.5% | 23.8% | ||
| Q4 24 | 78.1% | 25.5% | ||
| Q3 24 | 70.2% | 26.5% | ||
| Q2 24 | 72.9% | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 8.4% | 6.5% | ||
| Q3 25 | 8.9% | 6.6% | ||
| Q2 25 | 1.6% | 7.7% | ||
| Q1 25 | -5.6% | 8.7% | ||
| Q4 24 | 13.6% | 10.4% | ||
| Q3 24 | 1.7% | 14.2% | ||
| Q2 24 | -10.5% | 11.7% | ||
| Q1 24 | 50.0% | 11.3% |
| Q4 25 | 9.7% | 1.4% | ||
| Q3 25 | 10.3% | 0.8% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | -5.2% | 1.2% | ||
| Q4 24 | -7.3% | 1.4% | ||
| Q3 24 | -15.6% | 1.9% | ||
| Q2 24 | -33.5% | 1.7% | ||
| Q1 24 | -55.0% | 1.6% |
| Q4 25 | $0.02 | $0.39 | ||
| Q3 25 | $0.02 | $0.24 | ||
| Q2 25 | $0.00 | $0.26 | ||
| Q1 25 | $-0.01 | $0.30 | ||
| Q4 24 | $-0.02 | $0.50 | ||
| Q3 24 | $-0.03 | $0.58 | ||
| Q2 24 | $-0.07 | $0.40 | ||
| Q1 24 | $-0.08 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $304.2M | $12.7M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $86.7M |
| Total Assets | $1.2B | $557.6M |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $12.7M | ||
| Q3 25 | $290.5M | $14.8M | ||
| Q2 25 | $306.6M | $16.8M | ||
| Q1 25 | $337.8M | $12.7M | ||
| Q4 24 | $220.0M | $22.4M | ||
| Q3 24 | $211.0M | $23.7M | ||
| Q2 24 | $229.0M | $17.3M | ||
| Q1 24 | $237.1M | $32.8M |
| Q4 25 | $196.2M | — | ||
| Q3 25 | $195.9M | — | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | $86.7M | ||
| Q3 25 | $725.1M | $82.2M | ||
| Q2 25 | $725.1M | $80.0M | ||
| Q1 25 | $719.9M | $76.9M | ||
| Q4 24 | $725.2M | $73.6M | ||
| Q3 24 | $732.1M | $68.4M | ||
| Q2 24 | $742.6M | $62.1M | ||
| Q1 24 | $775.1M | $59.7M |
| Q4 25 | $1.2B | $557.6M | ||
| Q3 25 | $1.2B | $571.6M | ||
| Q2 25 | $1.2B | $570.2M | ||
| Q1 25 | $1.3B | $513.9M | ||
| Q4 24 | $1.3B | $475.9M | ||
| Q3 24 | $1.3B | $460.1M | ||
| Q2 24 | $1.3B | $429.3M | ||
| Q1 24 | $1.4B | $401.3M |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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 | $18.3M | $9.8M |
| Free Cash FlowOCF − Capex | $17.4M | $8.7M |
| FCF MarginFCF / Revenue | 12.3% | 3.4% |
| Capex IntensityCapex / Revenue | 0.6% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.34× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $9.8M | ||
| Q3 25 | $3.9M | $22.8M | ||
| Q2 25 | $-18.0M | $-28.9M | ||
| Q1 25 | $41.6M | $-34.9M | ||
| Q4 24 | $6.0M | $5.5M | ||
| Q3 24 | $-16.0M | $22.9M | ||
| Q2 24 | $-15.1M | $39.0K | ||
| Q1 24 | $-15.5M | $-9.3M |
| Q4 25 | $17.4M | $8.7M | ||
| Q3 25 | $3.1M | $21.4M | ||
| Q2 25 | $-18.9M | $-31.1M | ||
| Q1 25 | $41.2M | $-35.9M | ||
| Q4 24 | $5.2M | $4.8M | ||
| Q3 24 | $-16.5M | $22.3M | ||
| Q2 24 | $-16.5M | $-2.1M | ||
| Q1 24 | $-17.6M | $-9.7M |
| Q4 25 | 12.3% | 3.4% | ||
| Q3 25 | 2.4% | 8.2% | ||
| Q2 25 | -15.5% | -13.9% | ||
| Q1 25 | 29.1% | -16.0% | ||
| Q4 24 | 3.6% | 1.7% | ||
| Q3 24 | -13.1% | 8.0% | ||
| Q2 24 | -13.4% | -1.0% | ||
| Q1 24 | -17.2% | -5.1% |
| Q4 25 | 0.6% | 0.4% | ||
| Q3 25 | 0.6% | 0.5% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | 0.3% | 0.5% | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 1.1% | 1.0% | ||
| Q1 24 | 2.1% | 0.2% |
| Q4 25 | 1.34× | 2.77× | ||
| Q3 25 | 0.29× | 10.70× | ||
| Q2 25 | -9.47× | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
