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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 $83.2M, roughly 1.5× BrightSpire Capital, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -17.3%, a 18.8% gap on every dollar of revenue. On growth, BrightSpire Capital, Inc. posted the faster year-over-year revenue change (-0.4% vs -3.9%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $16.3M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -6.8%).

Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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

BRSP vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.5× larger
SWBI
$124.7M
$83.2M
BRSP
Growing faster (revenue YoY)
BRSP
BRSP
+3.5% gap
BRSP
-0.4%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
18.8% more per $
SWBI
1.5%
-17.3%
BRSP
More free cash flow
BRSP
BRSP
$38.8M more FCF
BRSP
$55.1M
$16.3M
SWBI
Faster 2-yr revenue CAGR
SWBI
SWBI
Annualised
SWBI
-4.8%
-6.8%
BRSP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BRSP
BRSP
SWBI
SWBI
Revenue
$83.2M
$124.7M
Net Profit
$-14.4M
$1.9M
Gross Margin
24.3%
Operating Margin
3.3%
Net Margin
-17.3%
1.5%
Revenue YoY
-0.4%
-3.9%
Net Profit YoY
27.3%
-53.6%
EPS (diluted)
$-0.11
$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
BRSP
BRSP
SWBI
SWBI
Q4 25
$83.2M
$124.7M
Q3 25
$83.9M
$85.1M
Q2 25
$85.9M
$140.8M
Q1 25
$77.6M
$115.9M
Q4 24
$83.5M
$129.7M
Q3 24
$88.2M
$88.3M
Q2 24
$91.4M
$159.1M
Q1 24
$95.8M
$137.5M
Net Profit
BRSP
BRSP
SWBI
SWBI
Q4 25
$-14.4M
$1.9M
Q3 25
$984.0K
$-3.4M
Q2 25
$-23.1M
$8.6M
Q1 25
$5.3M
$2.1M
Q4 24
$-19.7M
$4.5M
Q3 24
$12.7M
$-1.9M
Q2 24
$-67.9M
$27.9M
Q1 24
$-57.1M
$7.9M
Gross Margin
BRSP
BRSP
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
BRSP
BRSP
SWBI
SWBI
Q4 25
3.3%
Q3 25
-1.7%
-3.5%
Q2 25
-54.5%
9.3%
Q1 25
5.1%
4.1%
Q4 24
-24.9%
5.8%
Q3 24
13.2%
-1.7%
Q2 24
-74.9%
17.4%
Q1 24
-59.4%
8.2%
Net Margin
BRSP
BRSP
SWBI
SWBI
Q4 25
-17.3%
1.5%
Q3 25
1.2%
-4.0%
Q2 25
-26.9%
6.1%
Q1 25
6.9%
1.8%
Q4 24
-23.7%
3.5%
Q3 24
14.4%
-2.1%
Q2 24
-74.2%
17.5%
Q1 24
-59.6%
5.7%
EPS (diluted)
BRSP
BRSP
SWBI
SWBI
Q4 25
$-0.11
$0.04
Q3 25
$0.00
$-0.08
Q2 25
$-0.19
$0.19
Q1 25
$0.04
$0.05
Q4 24
$-0.16
$0.10
Q3 24
$0.09
$-0.04
Q2 24
$-0.53
$0.60
Q1 24
$-0.45
$0.17

Balance Sheet & Financial Strength

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

Metric
BRSP
BRSP
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$66.8M
$22.4M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$938.4M
$363.2M
Total Assets
$3.6B
$548.6M
Debt / EquityLower = less leverage
2.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
SWBI
SWBI
Q4 25
$66.8M
$22.4M
Q3 25
$113.4M
$18.0M
Q2 25
$154.3M
$25.2M
Q1 25
$200.9M
$26.7M
Q4 24
$302.2M
$39.1M
Q3 24
$263.8M
$35.5M
Q2 24
$203.3M
$60.8M
Q1 24
$221.5M
$47.4M
Total Debt
BRSP
BRSP
SWBI
SWBI
Q4 25
$2.5B
Q3 25
$2.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.5B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.6B
Stockholders' Equity
BRSP
BRSP
SWBI
SWBI
Q4 25
$938.4M
$363.2M
Q3 25
$976.4M
$364.4M
Q2 25
$994.4M
$372.5M
Q1 25
$1.0B
$366.9M
Q4 24
$1.0B
$371.5M
Q3 24
$1.1B
$380.0M
Q2 24
$1.1B
$399.9M
Q1 24
$1.2B
$376.4M
Total Assets
BRSP
BRSP
SWBI
SWBI
Q4 25
$3.6B
$548.6M
Q3 25
$3.3B
$554.6M
Q2 25
$3.4B
$559.6M
Q1 25
$3.6B
$578.9M
Q4 24
$3.7B
$587.4M
Q3 24
$3.8B
$571.3M
Q2 24
$3.8B
$577.4M
Q1 24
$3.9B
$570.6M
Debt / Equity
BRSP
BRSP
SWBI
SWBI
Q4 25
2.63×
Q3 25
2.22×
Q2 25
2.27×
Q1 25
2.27×
Q4 24
2.38×
Q3 24
2.36×
Q2 24
2.28×
Q1 24
2.17×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRSP
BRSP
SWBI
SWBI
Operating Cash FlowLast quarter
$73.0M
$27.3M
Free Cash FlowOCF − Capex
$55.1M
$16.3M
FCF MarginFCF / Revenue
66.2%
13.1%
Capex IntensityCapex / Revenue
21.6%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$102.0M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSP
BRSP
SWBI
SWBI
Q4 25
$73.0M
$27.3M
Q3 25
$29.9M
$-8.1M
Q2 25
$17.4M
$40.8M
Q1 25
$10.5M
$-9.8M
Q4 24
$103.4M
$-7.4M
Q3 24
$31.3M
$-30.8M
Q2 24
$22.9M
$43.7M
Q1 24
$24.6M
$25.2M
Free Cash Flow
BRSP
BRSP
SWBI
SWBI
Q4 25
$55.1M
$16.3M
Q3 25
$27.4M
$-12.4M
Q2 25
$11.6M
$33.5M
Q1 25
$8.0M
$-16.1M
Q4 24
$97.3M
$-10.7M
Q3 24
$28.3M
$-35.5M
Q2 24
$22.7M
$38.2M
Q1 24
$22.2M
$7.0M
FCF Margin
BRSP
BRSP
SWBI
SWBI
Q4 25
66.2%
13.1%
Q3 25
32.7%
-14.6%
Q2 25
13.4%
23.8%
Q1 25
10.3%
-13.9%
Q4 24
116.6%
-8.3%
Q3 24
32.1%
-40.2%
Q2 24
24.9%
24.0%
Q1 24
23.2%
5.1%
Capex Intensity
BRSP
BRSP
SWBI
SWBI
Q4 25
21.6%
8.8%
Q3 25
2.9%
5.0%
Q2 25
6.8%
5.2%
Q1 25
3.2%
5.4%
Q4 24
7.3%
2.5%
Q3 24
3.4%
5.3%
Q2 24
0.1%
3.5%
Q1 24
2.5%
13.2%
Cash Conversion
BRSP
BRSP
SWBI
SWBI
Q4 25
14.22×
Q3 25
30.36×
Q2 25
4.73×
Q1 25
1.97×
-4.68×
Q4 24
-1.63×
Q3 24
2.46×
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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