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Side-by-side financial comparison of Webull Corp (BULL) 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 $131.5M, roughly 2.0× Webull Corp). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -21.5%, a 22.9% gap on every dollar of revenue. On growth, Webull Corp posted the faster year-over-year revenue change (46.3% vs -9.4%). Webull Corp produced more free cash flow last quarter ($271.7M vs $8.7M).

Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.

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

BULL vs SDHC — Head-to-Head

Bigger by revenue
SDHC
SDHC
2.0× larger
SDHC
$260.4M
$131.5M
BULL
Growing faster (revenue YoY)
BULL
BULL
+55.7% gap
BULL
46.3%
-9.4%
SDHC
Higher net margin
SDHC
SDHC
22.9% more per $
SDHC
1.4%
-21.5%
BULL
More free cash flow
BULL
BULL
$262.9M more FCF
BULL
$271.7M
$8.7M
SDHC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BULL
BULL
SDHC
SDHC
Revenue
$131.5M
$260.4M
Net Profit
$-28.3M
$3.5M
Gross Margin
19.9%
Operating Margin
-16.3%
6.5%
Net Margin
-21.5%
1.4%
Revenue YoY
46.3%
-9.4%
Net Profit YoY
-144.3%
-14.3%
EPS (diluted)
$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.

Revenue
BULL
BULL
SDHC
SDHC
Q4 25
$260.4M
Q3 25
$262.0M
Q2 25
$131.5M
$223.9M
Q1 25
$224.7M
Q4 24
$287.5M
Q3 24
$277.8M
Q2 24
$89.9M
$220.9M
Q1 24
$189.2M
Net Profit
BULL
BULL
SDHC
SDHC
Q4 25
$3.5M
Q3 25
$2.1M
Q2 25
$-28.3M
$2.4M
Q1 25
$2.7M
Q4 24
$4.1M
Q3 24
$5.3M
Q2 24
$-11.6M
$3.6M
Q1 24
$3.0M
Gross Margin
BULL
BULL
SDHC
SDHC
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%
Operating Margin
BULL
BULL
SDHC
SDHC
Q4 25
6.5%
Q3 25
6.6%
Q2 25
-16.3%
7.7%
Q1 25
8.7%
Q4 24
10.4%
Q3 24
14.2%
Q2 24
-11.4%
11.7%
Q1 24
11.3%
Net Margin
BULL
BULL
SDHC
SDHC
Q4 25
1.4%
Q3 25
0.8%
Q2 25
-21.5%
1.1%
Q1 25
1.2%
Q4 24
1.4%
Q3 24
1.9%
Q2 24
-12.9%
1.7%
Q1 24
1.6%
EPS (diluted)
BULL
BULL
SDHC
SDHC
Q4 25
$0.39
Q3 25
$0.24
Q2 25
$0.26
Q1 25
$0.30
Q4 24
$0.50
Q3 24
$0.58
Q2 24
$0.40
Q1 24
$0.33

Balance Sheet & Financial Strength

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

Metric
BULL
BULL
SDHC
SDHC
Cash + ST InvestmentsLiquidity on hand
$476.7M
$12.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$751.6M
$86.7M
Total Assets
$2.6B
$557.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BULL
BULL
SDHC
SDHC
Q4 25
$12.7M
Q3 25
$14.8M
Q2 25
$476.7M
$16.8M
Q1 25
$12.7M
Q4 24
$22.4M
Q3 24
$23.7M
Q2 24
$17.3M
Q1 24
$32.8M
Stockholders' Equity
BULL
BULL
SDHC
SDHC
Q4 25
$86.7M
Q3 25
$82.2M
Q2 25
$751.6M
$80.0M
Q1 25
$76.9M
Q4 24
$73.6M
Q3 24
$68.4M
Q2 24
$-2.9B
$62.1M
Q1 24
$59.7M
Total Assets
BULL
BULL
SDHC
SDHC
Q4 25
$557.6M
Q3 25
$571.6M
Q2 25
$2.6B
$570.2M
Q1 25
$513.9M
Q4 24
$475.9M
Q3 24
$460.1M
Q2 24
$429.3M
Q1 24
$401.3M

Cash Flow & Capital Efficiency

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

Metric
BULL
BULL
SDHC
SDHC
Operating Cash FlowLast quarter
$272.1M
$9.8M
Free Cash FlowOCF − Capex
$271.7M
$8.7M
FCF MarginFCF / Revenue
206.6%
3.4%
Capex IntensityCapex / Revenue
0.3%
0.4%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$-36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BULL
BULL
SDHC
SDHC
Q4 25
$9.8M
Q3 25
$22.8M
Q2 25
$272.1M
$-28.9M
Q1 25
$-34.9M
Q4 24
$5.5M
Q3 24
$22.9M
Q2 24
$39.0K
Q1 24
$-9.3M
Free Cash Flow
BULL
BULL
SDHC
SDHC
Q4 25
$8.7M
Q3 25
$21.4M
Q2 25
$271.7M
$-31.1M
Q1 25
$-35.9M
Q4 24
$4.8M
Q3 24
$22.3M
Q2 24
$-2.1M
Q1 24
$-9.7M
FCF Margin
BULL
BULL
SDHC
SDHC
Q4 25
3.4%
Q3 25
8.2%
Q2 25
206.6%
-13.9%
Q1 25
-16.0%
Q4 24
1.7%
Q3 24
8.0%
Q2 24
-1.0%
Q1 24
-5.1%
Capex Intensity
BULL
BULL
SDHC
SDHC
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.3%
0.9%
Q1 25
0.5%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
1.0%
Q1 24
0.2%
Cash Conversion
BULL
BULL
SDHC
SDHC
Q4 25
2.77×
Q3 25
10.70×
Q2 25
-12.24×
Q1 25
-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

BULL
BULL

Segment breakdown not available.

SDHC
SDHC

Southeast$164.7M63%
Central$95.8M37%

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