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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.6× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 1.4%, a 2.1% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $2.5M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
BTM vs SDHC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $260.4M |
| Net Profit | $5.5M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 7.3% | 6.5% |
| Net Margin | 3.4% | 1.4% |
| Revenue YoY | 20.1% | -9.4% |
| Net Profit YoY | 690.4% | -14.3% |
| EPS (diluted) | $0.08 | $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 | — | $260.4M | ||
| Q3 25 | $162.5M | $262.0M | ||
| Q2 25 | $172.1M | $223.9M | ||
| Q1 25 | $164.2M | $224.7M | ||
| Q4 24 | — | $287.5M | ||
| Q3 24 | $135.3M | $277.8M | ||
| Q2 24 | $163.1M | $220.9M | ||
| Q1 24 | $138.5M | $189.2M |
| Q4 25 | — | $3.5M | ||
| Q3 25 | $5.5M | $2.1M | ||
| Q2 25 | $6.1M | $2.4M | ||
| Q1 25 | $4.2M | $2.7M | ||
| Q4 24 | — | $4.1M | ||
| Q3 24 | $-939.0K | $5.3M | ||
| Q2 24 | $-2.6M | $3.6M | ||
| Q1 24 | $-1.5M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 7.3% | 6.6% | ||
| Q2 25 | 9.2% | 7.7% | ||
| Q1 25 | 10.8% | 8.7% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 4.1% | 14.2% | ||
| Q2 24 | 4.7% | 11.7% | ||
| Q1 24 | 0.5% | 11.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 3.4% | 0.8% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | -0.7% | 1.9% | ||
| Q2 24 | -1.6% | 1.7% | ||
| Q1 24 | -1.1% | 1.6% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $0.08 | $0.24 | ||
| Q2 25 | $0.16 | $0.26 | ||
| Q1 25 | $0.20 | $0.30 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | $-0.05 | $0.58 | ||
| Q2 24 | $-0.13 | $0.40 | ||
| Q1 24 | $-0.25 | $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 | $59.3M | $12.7M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $86.7M |
| Total Assets | $125.3M | $557.6M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.7M | ||
| Q3 25 | $59.3M | $14.8M | ||
| Q2 25 | $48.0M | $16.8M | ||
| Q1 25 | $35.0M | $12.7M | ||
| Q4 24 | — | $22.4M | ||
| Q3 24 | $32.2M | $23.7M | ||
| Q2 24 | $43.9M | $17.3M | ||
| Q1 24 | $42.2M | $32.8M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $86.7M | ||
| Q3 25 | $21.0M | $82.2M | ||
| Q2 25 | $4.7M | $80.0M | ||
| Q1 25 | $-4.6M | $76.9M | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | $-7.9M | $68.4M | ||
| Q2 24 | $4.4M | $62.1M | ||
| Q1 24 | $5.0M | $59.7M |
| Q4 25 | — | $557.6M | ||
| Q3 25 | $125.3M | $571.6M | ||
| Q2 25 | $109.1M | $570.2M | ||
| Q1 25 | $89.7M | $513.9M | ||
| Q4 24 | — | $475.9M | ||
| Q3 24 | $87.4M | $460.1M | ||
| Q2 24 | $97.5M | $429.3M | ||
| Q1 24 | $90.1M | $401.3M |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — | ||
| Q1 24 | 7.54× | — |
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 | $6.6M | $9.8M |
| Free Cash FlowOCF − Capex | $2.5M | $8.7M |
| FCF MarginFCF / Revenue | 1.6% | 3.4% |
| Capex IntensityCapex / Revenue | 2.5% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.20× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.8M | ||
| Q3 25 | $6.6M | $22.8M | ||
| Q2 25 | $10.2M | $-28.9M | ||
| Q1 25 | $16.3M | $-34.9M | ||
| Q4 24 | — | $5.5M | ||
| Q3 24 | $5.8M | $22.9M | ||
| Q2 24 | $10.1M | $39.0K | ||
| Q1 24 | $1.3M | $-9.3M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | $2.5M | $21.4M | ||
| Q2 25 | $9.8M | $-31.1M | ||
| Q1 25 | $15.9M | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | $-1.0M | $22.3M | ||
| Q2 24 | $7.6M | $-2.1M | ||
| Q1 24 | $789.0K | $-9.7M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 1.6% | 8.2% | ||
| Q2 25 | 5.7% | -13.9% | ||
| Q1 25 | 9.7% | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | -0.8% | 8.0% | ||
| Q2 24 | 4.7% | -1.0% | ||
| Q1 24 | 0.6% | -5.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 2.5% | 0.5% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 5.0% | 0.2% | ||
| Q2 24 | 1.5% | 1.0% | ||
| Q1 24 | 0.4% | 0.2% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | 1.20× | 10.70× | ||
| Q2 25 | 1.67× | -12.24× | ||
| Q1 25 | 3.88× | -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
BTM
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
