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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) 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 $121.4M, roughly 1.0× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 1.5%, a 36.7% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs -3.9%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -4.8%).
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
BNL vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $124.7M |
| Net Profit | $46.4M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 52.2% | 3.3% |
| Net Margin | 38.2% | 1.5% |
| Revenue YoY | 11.7% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $0.24 | $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 | $121.4M | — | ||
| Q4 25 | $118.3M | $124.7M | ||
| Q3 25 | $114.2M | $85.1M | ||
| Q2 25 | $113.0M | $140.8M | ||
| Q1 25 | $108.7M | $115.9M | ||
| Q4 24 | $112.1M | $129.7M | ||
| Q3 24 | $108.4M | $88.3M | ||
| Q2 24 | $105.9M | $159.1M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $1.9M | ||
| Q3 25 | $26.5M | $-3.4M | ||
| Q2 25 | $20.2M | $8.6M | ||
| Q1 25 | $16.7M | $2.1M | ||
| Q4 24 | $26.4M | $4.5M | ||
| Q3 24 | $35.6M | $-1.9M | ||
| Q2 24 | $35.3M | $27.9M |
| Q1 26 | — | — | ||
| 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 26 | 52.2% | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 17.4% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 1.5% | ||
| Q3 25 | 23.2% | -4.0% | ||
| Q2 25 | 17.8% | 6.1% | ||
| Q1 25 | 15.4% | 1.8% | ||
| Q4 24 | 23.5% | 3.5% | ||
| Q3 24 | 32.8% | -2.1% | ||
| Q2 24 | 33.4% | 17.5% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.04 | ||
| Q3 25 | $0.14 | $-0.08 | ||
| Q2 25 | $0.10 | $0.19 | ||
| Q1 25 | $0.09 | $0.05 | ||
| Q4 24 | $0.13 | $0.10 | ||
| Q3 24 | $0.19 | $-0.04 | ||
| Q2 24 | $0.19 | $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 | $20.3M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $363.2M |
| Total Assets | $5.8B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $22.4M | ||
| Q3 25 | $82.0M | $18.0M | ||
| Q2 25 | $20.8M | $25.2M | ||
| Q1 25 | $9.6M | $26.7M | ||
| Q4 24 | $14.8M | $39.1M | ||
| Q3 24 | $9.0M | $35.5M | ||
| Q2 24 | $18.3M | $60.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $363.2M | ||
| Q3 25 | $2.9B | $364.4M | ||
| Q2 25 | $2.9B | $372.5M | ||
| Q1 25 | $2.9B | $366.9M | ||
| Q4 24 | $3.0B | $371.5M | ||
| Q3 24 | $3.0B | $380.0M | ||
| Q2 24 | $3.1B | $399.9M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $548.6M | ||
| Q3 25 | $5.5B | $554.6M | ||
| Q2 25 | $5.3B | $559.6M | ||
| Q1 25 | $5.2B | $578.9M | ||
| Q4 24 | $5.2B | $587.4M | ||
| Q3 24 | $5.3B | $571.3M | ||
| Q2 24 | $5.3B | $577.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.62× | — |
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 | $299.5M | $27.3M | ||
| Q3 25 | $64.2M | $-8.1M | ||
| Q2 25 | $79.3M | $40.8M | ||
| Q1 25 | $71.5M | $-9.8M | ||
| Q4 24 | $276.3M | $-7.4M | ||
| Q3 24 | $67.3M | $-30.8M | ||
| Q2 24 | $74.2M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $16.3M | ||
| Q3 25 | $58.0M | $-12.4M | ||
| Q2 25 | $76.7M | $33.5M | ||
| Q1 25 | $57.1M | $-16.1M | ||
| Q4 24 | $259.5M | $-10.7M | ||
| Q3 24 | $60.3M | $-35.5M | ||
| Q2 24 | $74.0M | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 13.1% | ||
| Q3 25 | 50.8% | -14.6% | ||
| Q2 25 | 67.9% | 23.8% | ||
| Q1 25 | 52.5% | -13.9% | ||
| Q4 24 | 231.4% | -8.3% | ||
| Q3 24 | 55.6% | -40.2% | ||
| Q2 24 | 69.9% | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 8.8% | ||
| Q3 25 | 5.4% | 5.0% | ||
| Q2 25 | 2.3% | 5.2% | ||
| Q1 25 | 13.2% | 5.4% | ||
| Q4 24 | 15.0% | 2.5% | ||
| Q3 24 | 6.5% | 5.3% | ||
| Q2 24 | 0.2% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 14.22× | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 3.93× | 4.73× | ||
| Q1 25 | 4.27× | -4.68× | ||
| Q4 24 | 10.47× | -1.63× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.10× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
