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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) 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 $86.5M, roughly 1.4× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs 1.5%, a 33.4% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -3.9%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $16.3M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -4.8%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

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

BHRB vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.4× larger
SWBI
$124.7M
$86.5M
BHRB
Growing faster (revenue YoY)
BHRB
BHRB
+8.8% gap
BHRB
4.9%
-3.9%
SWBI
Higher net margin
BHRB
BHRB
33.4% more per $
BHRB
34.9%
1.5%
SWBI
More free cash flow
BHRB
BHRB
$80.0M more FCF
BHRB
$96.2M
$16.3M
SWBI
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BHRB
BHRB
SWBI
SWBI
Revenue
$86.5M
$124.7M
Net Profit
$30.2M
$1.9M
Gross Margin
24.3%
Operating Margin
43.8%
3.3%
Net Margin
34.9%
1.5%
Revenue YoY
4.9%
-3.9%
Net Profit YoY
52.8%
-53.6%
EPS (diluted)
$1.98
$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
BHRB
BHRB
SWBI
SWBI
Q4 25
$86.5M
$124.7M
Q3 25
$85.4M
$85.1M
Q2 25
$87.1M
$140.8M
Q1 25
$83.0M
$115.9M
Q4 24
$82.5M
$129.7M
Q3 24
$83.8M
$88.3M
Q2 24
$69.3M
$159.1M
Q1 24
$26.4M
$137.5M
Net Profit
BHRB
BHRB
SWBI
SWBI
Q4 25
$30.2M
$1.9M
Q3 25
$30.0M
$-3.4M
Q2 25
$29.9M
$8.6M
Q1 25
$27.2M
$2.1M
Q4 24
$19.8M
$4.5M
Q3 24
$27.6M
$-1.9M
Q2 24
$-16.9M
$27.9M
Q1 24
$5.2M
$7.9M
Gross Margin
BHRB
BHRB
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
BHRB
BHRB
SWBI
SWBI
Q4 25
43.8%
3.3%
Q3 25
43.3%
-3.5%
Q2 25
42.7%
9.3%
Q1 25
39.6%
4.1%
Q4 24
24.6%
5.8%
Q3 24
39.2%
-1.7%
Q2 24
-27.5%
17.4%
Q1 24
22.3%
8.2%
Net Margin
BHRB
BHRB
SWBI
SWBI
Q4 25
34.9%
1.5%
Q3 25
35.1%
-4.0%
Q2 25
34.3%
6.1%
Q1 25
32.8%
1.8%
Q4 24
24.0%
3.5%
Q3 24
33.0%
-2.1%
Q2 24
-24.4%
17.5%
Q1 24
19.8%
5.7%
EPS (diluted)
BHRB
BHRB
SWBI
SWBI
Q4 25
$1.98
$0.04
Q3 25
$1.97
$-0.08
Q2 25
$1.97
$0.19
Q1 25
$1.80
$0.05
Q4 24
$1.72
$0.10
Q3 24
$1.82
$-0.04
Q2 24
$-1.41
$0.60
Q1 24
$0.69
$0.17

Balance Sheet & Financial Strength

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

Metric
BHRB
BHRB
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$854.6M
$363.2M
Total Assets
$7.9B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHRB
BHRB
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Stockholders' Equity
BHRB
BHRB
SWBI
SWBI
Q4 25
$854.6M
$363.2M
Q3 25
$822.2M
$364.4M
Q2 25
$780.0M
$372.5M
Q1 25
$758.0M
$366.9M
Q4 24
$730.2M
$371.5M
Q3 24
$738.1M
$380.0M
Q2 24
$693.1M
$399.9M
Q1 24
$319.3M
$376.4M
Total Assets
BHRB
BHRB
SWBI
SWBI
Q4 25
$7.9B
$548.6M
Q3 25
$7.9B
$554.6M
Q2 25
$8.1B
$559.6M
Q1 25
$7.8B
$578.9M
Q4 24
$7.8B
$587.4M
Q3 24
$7.9B
$571.3M
Q2 24
$7.8B
$577.4M
Q1 24
$3.7B
$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
BHRB
BHRB
SWBI
SWBI
Operating Cash FlowLast quarter
$107.9M
$27.3M
Free Cash FlowOCF − Capex
$96.2M
$16.3M
FCF MarginFCF / Revenue
111.2%
13.1%
Capex IntensityCapex / Revenue
13.5%
8.8%
Cash ConversionOCF / Net Profit
3.57×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$164.1M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
SWBI
SWBI
Q4 25
$107.9M
$27.3M
Q3 25
$39.3M
$-8.1M
Q2 25
$41.0K
$40.8M
Q1 25
$37.6M
$-9.8M
Q4 24
$85.8M
$-7.4M
Q3 24
$47.8M
$-30.8M
Q2 24
$-46.0M
$43.7M
Q1 24
$7.1M
$25.2M
Free Cash Flow
BHRB
BHRB
SWBI
SWBI
Q4 25
$96.2M
$16.3M
Q3 25
$35.4M
$-12.4M
Q2 25
$-3.4M
$33.5M
Q1 25
$35.9M
$-16.1M
Q4 24
$81.2M
$-10.7M
Q3 24
$46.0M
$-35.5M
Q2 24
$-47.0M
$38.2M
Q1 24
$5.6M
$7.0M
FCF Margin
BHRB
BHRB
SWBI
SWBI
Q4 25
111.2%
13.1%
Q3 25
41.5%
-14.6%
Q2 25
-3.9%
23.8%
Q1 25
43.2%
-13.9%
Q4 24
98.5%
-8.3%
Q3 24
55.0%
-40.2%
Q2 24
-67.8%
24.0%
Q1 24
21.2%
5.1%
Capex Intensity
BHRB
BHRB
SWBI
SWBI
Q4 25
13.5%
8.8%
Q3 25
4.5%
5.0%
Q2 25
3.9%
5.2%
Q1 25
2.1%
5.4%
Q4 24
5.5%
2.5%
Q3 24
2.1%
5.3%
Q2 24
1.5%
3.5%
Q1 24
5.7%
13.2%
Cash Conversion
BHRB
BHRB
SWBI
SWBI
Q4 25
3.57×
14.22×
Q3 25
1.31×
Q2 25
0.00×
4.73×
Q1 25
1.38×
-4.68×
Q4 24
4.33×
-1.63×
Q3 24
1.73×
Q2 24
1.57×
Q1 24
1.36×
3.20×

Financial Flow Comparison

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

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