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Side-by-side financial comparison of Baozun Inc. (BZUN) 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 $84.2M, roughly 1.5× Baozun Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -2.0%, a 3.5% gap on every dollar of revenue.

Baozun Inc is a leading digital commerce service provider focused on the Chinese market. It delivers full-stack e-commerce solutions including official store operation, digital marketing, logistics and fulfillment, customer support, and technical infrastructure services for global and local consumer brands across fashion, beauty, FMCG, consumer electronics, and other core retail segments.

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

BZUN vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.5× larger
SWBI
$124.7M
$84.2M
BZUN
Higher net margin
SWBI
SWBI
3.5% more per $
SWBI
1.5%
-2.0%
BZUN

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BZUN
BZUN
SWBI
SWBI
Revenue
$84.2M
$124.7M
Net Profit
$-1.7M
$1.9M
Gross Margin
24.3%
Operating Margin
-1.7%
3.3%
Net Margin
-2.0%
1.5%
Revenue YoY
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$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
BZUN
BZUN
SWBI
SWBI
Q4 25
$124.7M
Q3 25
$85.1M
Q2 25
$84.2M
$140.8M
Q1 25
$115.9M
Q4 24
$129.7M
Q3 24
$88.3M
Q2 24
$159.1M
Q1 24
$137.5M
Net Profit
BZUN
BZUN
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$-3.4M
Q2 25
$-1.7M
$8.6M
Q1 25
$2.1M
Q4 24
$4.5M
Q3 24
$-1.9M
Q2 24
$27.9M
Q1 24
$7.9M
Gross Margin
BZUN
BZUN
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
BZUN
BZUN
SWBI
SWBI
Q4 25
3.3%
Q3 25
-3.5%
Q2 25
-1.7%
9.3%
Q1 25
4.1%
Q4 24
5.8%
Q3 24
-1.7%
Q2 24
17.4%
Q1 24
8.2%
Net Margin
BZUN
BZUN
SWBI
SWBI
Q4 25
1.5%
Q3 25
-4.0%
Q2 25
-2.0%
6.1%
Q1 25
1.8%
Q4 24
3.5%
Q3 24
-2.1%
Q2 24
17.5%
Q1 24
5.7%
EPS (diluted)
BZUN
BZUN
SWBI
SWBI
Q4 25
$0.04
Q3 25
$-0.08
Q2 25
$0.19
Q1 25
$0.05
Q4 24
$0.10
Q3 24
$-0.04
Q2 24
$0.60
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
BZUN
BZUN
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$6.9M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.7M
$363.2M
Total Assets
$25.9M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZUN
BZUN
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$6.9M
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Stockholders' Equity
BZUN
BZUN
SWBI
SWBI
Q4 25
$363.2M
Q3 25
$364.4M
Q2 25
$10.7M
$372.5M
Q1 25
$366.9M
Q4 24
$371.5M
Q3 24
$380.0M
Q2 24
$399.9M
Q1 24
$376.4M
Total Assets
BZUN
BZUN
SWBI
SWBI
Q4 25
$548.6M
Q3 25
$554.6M
Q2 25
$25.9M
$559.6M
Q1 25
$578.9M
Q4 24
$587.4M
Q3 24
$571.3M
Q2 24
$577.4M
Q1 24
$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
BZUN
BZUN
SWBI
SWBI
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.

Operating Cash Flow
BZUN
BZUN
SWBI
SWBI
Q4 25
$27.3M
Q3 25
$-8.1M
Q2 25
$40.8M
Q1 25
$-9.8M
Q4 24
$-7.4M
Q3 24
$-30.8M
Q2 24
$43.7M
Q1 24
$25.2M
Free Cash Flow
BZUN
BZUN
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$-12.4M
Q2 25
$33.5M
Q1 25
$-16.1M
Q4 24
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
Q1 24
$7.0M
FCF Margin
BZUN
BZUN
SWBI
SWBI
Q4 25
13.1%
Q3 25
-14.6%
Q2 25
23.8%
Q1 25
-13.9%
Q4 24
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Q1 24
5.1%
Capex Intensity
BZUN
BZUN
SWBI
SWBI
Q4 25
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
5.4%
Q4 24
2.5%
Q3 24
5.3%
Q2 24
3.5%
Q1 24
13.2%
Cash Conversion
BZUN
BZUN
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
4.73×
Q1 25
-4.68×
Q4 24
-1.63×
Q3 24
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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