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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $124.7M, roughly 1.0× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -38.4%, a 40.0% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs -3.9%). Over the past eight quarters, BRANDYWINE REALTY TRUST's revenue compounded faster (0.7% CAGR vs -4.8%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
BDN vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $124.7M |
| Net Profit | $-48.8M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 1.2% | 3.3% |
| Net Margin | -38.4% | 1.5% |
| Revenue YoY | 4.5% | -3.9% |
| Net Profit YoY | -80.4% | -53.6% |
| EPS (diluted) | $-0.28 | $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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $124.7M | ||
| Q3 25 | $121.4M | $85.1M | ||
| Q2 25 | $120.6M | $140.8M | ||
| Q1 25 | $121.5M | $115.9M | ||
| Q4 24 | $121.9M | $129.7M | ||
| Q3 24 | $131.8M | $88.3M | ||
| Q2 24 | $125.3M | $159.1M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $1.9M | ||
| Q3 25 | $-25.9M | $-3.4M | ||
| Q2 25 | $-88.7M | $8.6M | ||
| Q1 25 | $-27.0M | $2.1M | ||
| Q4 24 | $-44.5M | $4.5M | ||
| Q3 24 | $-165.2M | $-1.9M | ||
| Q2 24 | $30.2M | $27.9M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 24.3% | ||
| Q3 25 | 62.6% | 25.9% | ||
| Q2 25 | 62.4% | 28.8% | ||
| Q1 25 | 60.8% | 24.1% | ||
| Q4 24 | 61.2% | 26.6% | ||
| Q3 24 | 64.9% | 27.4% | ||
| Q2 24 | 63.1% | 35.5% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 3.3% | ||
| Q3 25 | 20.8% | -3.5% | ||
| Q2 25 | -34.3% | 9.3% | ||
| Q1 25 | 12.5% | 4.1% | ||
| Q4 24 | 18.0% | 5.8% | ||
| Q3 24 | -7.2% | -1.7% | ||
| Q2 24 | 15.5% | 17.4% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | 1.5% | ||
| Q3 25 | -21.3% | -4.0% | ||
| Q2 25 | -73.5% | 6.1% | ||
| Q1 25 | -22.2% | 1.8% | ||
| Q4 24 | -36.5% | 3.5% | ||
| Q3 24 | -125.4% | -2.1% | ||
| Q2 24 | 24.1% | 17.5% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.04 | ||
| Q3 25 | $-0.15 | $-0.08 | ||
| Q2 25 | $-0.51 | $0.19 | ||
| Q1 25 | $-0.16 | $0.05 | ||
| Q4 24 | $-0.25 | $0.10 | ||
| Q3 24 | $-0.96 | $-0.04 | ||
| Q2 24 | $0.17 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $363.2M |
| Total Assets | $3.6B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $22.4M | ||
| Q3 25 | $75.5M | $18.0M | ||
| Q2 25 | $122.6M | $25.2M | ||
| Q1 25 | $29.4M | $26.7M | ||
| Q4 24 | $90.2M | $39.1M | ||
| Q3 24 | $36.5M | $35.5M | ||
| Q2 24 | $30.4M | $60.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $363.2M | ||
| Q3 25 | $841.5M | $364.4M | ||
| Q2 25 | $879.8M | $372.5M | ||
| Q1 25 | $993.6M | $366.9M | ||
| Q4 24 | $1.0B | $371.5M | ||
| Q3 24 | $1.1B | $380.0M | ||
| Q2 24 | $1.3B | $399.9M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $548.6M | ||
| Q3 25 | $3.3B | $554.6M | ||
| Q2 25 | $3.4B | $559.6M | ||
| Q1 25 | $3.4B | $578.9M | ||
| Q4 24 | $3.5B | $587.4M | ||
| Q3 24 | $3.6B | $571.3M | ||
| Q2 24 | $3.8B | $577.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $27.3M | ||
| Q3 25 | $47.5M | $-8.1M | ||
| Q2 25 | $34.4M | $40.8M | ||
| Q1 25 | $6.3M | $-9.8M | ||
| Q4 24 | $181.1M | $-7.4M | ||
| Q3 24 | $52.2M | $-30.8M | ||
| Q2 24 | $48.2M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.60× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
SWBI
Segment breakdown not available.
