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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) 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 $79.8M, roughly 1.6× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 1.5%, a 266.9% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -16.0%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-450.8M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CORZ vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $124.7M |
| Net Profit | $214.2M | $1.9M |
| Gross Margin | 26.0% | 24.3% |
| Operating Margin | -149.5% | 3.3% |
| Net Margin | 268.5% | 1.5% |
| Revenue YoY | -16.0% | -3.9% |
| Net Profit YoY | 180.6% | -53.6% |
| EPS (diluted) | $-1.63 | $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.
| Q4 25 | $79.8M | $124.7M | ||
| Q3 25 | $81.1M | $85.1M | ||
| Q2 25 | $78.6M | $140.8M | ||
| Q1 25 | $79.5M | $115.9M | ||
| Q4 24 | $94.9M | $129.7M | ||
| Q3 24 | $95.4M | $88.3M | ||
| Q2 24 | $141.1M | $159.1M | ||
| Q1 24 | $179.3M | $137.5M |
| Q4 25 | $214.2M | $1.9M | ||
| Q3 25 | $-144.0M | $-3.4M | ||
| Q2 25 | $-936.8M | $8.6M | ||
| Q1 25 | $576.3M | $2.1M | ||
| Q4 24 | $-265.5M | $4.5M | ||
| Q3 24 | $-455.3M | $-1.9M | ||
| Q2 24 | $-902.2M | $27.9M | ||
| Q1 24 | $210.7M | $7.9M |
| Q4 25 | 26.0% | 24.3% | ||
| Q3 25 | 4.8% | 25.9% | ||
| Q2 25 | 6.4% | 28.8% | ||
| Q1 25 | 10.3% | 24.1% | ||
| Q4 24 | 5.0% | 26.6% | ||
| Q3 24 | -0.2% | 27.4% | ||
| Q2 24 | 27.5% | 35.5% | ||
| Q1 24 | 43.3% | 28.7% |
| Q4 25 | -149.5% | 3.3% | ||
| Q3 25 | -67.6% | -3.5% | ||
| Q2 25 | -33.4% | 9.3% | ||
| Q1 25 | -59.1% | 4.1% | ||
| Q4 24 | -41.9% | 5.8% | ||
| Q3 24 | -43.2% | -1.7% | ||
| Q2 24 | -64.3% | 17.4% | ||
| Q1 24 | 30.8% | 8.2% |
| Q4 25 | 268.5% | 1.5% | ||
| Q3 25 | -177.6% | -4.0% | ||
| Q2 25 | -1191.4% | 6.1% | ||
| Q1 25 | 724.6% | 1.8% | ||
| Q4 24 | -279.7% | 3.5% | ||
| Q3 24 | -477.4% | -2.1% | ||
| Q2 24 | -639.4% | 17.5% | ||
| Q1 24 | 117.5% | 5.7% |
| Q4 25 | $-1.63 | $0.04 | ||
| Q3 25 | $-0.45 | $-0.08 | ||
| Q2 25 | $-0.04 | $0.19 | ||
| Q1 25 | $1.24 | $0.05 | ||
| Q4 24 | $0.51 | $0.10 | ||
| Q3 24 | $-1.17 | $-0.04 | ||
| Q2 24 | $-5.05 | $0.60 | ||
| Q1 24 | $0.78 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $311.4M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $363.2M |
| Total Assets | $2.3B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $22.4M | ||
| Q3 25 | $453.4M | $18.0M | ||
| Q2 25 | $581.3M | $25.2M | ||
| Q1 25 | $697.9M | $26.7M | ||
| Q4 24 | $836.2M | $39.1M | ||
| Q3 24 | $253.0M | $35.5M | ||
| Q2 24 | $96.1M | $60.8M | ||
| Q1 24 | $98.1M | $47.4M |
| Q4 25 | $-962.7M | $363.2M | ||
| Q3 25 | $-1.3B | $364.4M | ||
| Q2 25 | $-1.2B | $372.5M | ||
| Q1 25 | $-308.8M | $366.9M | ||
| Q4 24 | $-943.0M | $371.5M | ||
| Q3 24 | $-826.7M | $380.0M | ||
| Q2 24 | $-1.2B | $399.9M | ||
| Q1 24 | $-318.5M | $376.4M |
| Q4 25 | $2.3B | $548.6M | ||
| Q3 25 | $2.2B | $554.6M | ||
| Q2 25 | $1.9B | $559.6M | ||
| Q1 25 | $1.5B | $578.9M | ||
| Q4 24 | $1.5B | $587.4M | ||
| Q3 24 | $824.6M | $571.3M | ||
| Q2 24 | $664.2M | $577.4M | ||
| Q1 24 | $814.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $278.3M | $27.3M |
| Free Cash FlowOCF − Capex | $-450.8M | $16.3M |
| FCF MarginFCF / Revenue | -565.1% | 13.1% |
| Capex IntensityCapex / Revenue | 914.0% | 8.8% |
| Cash ConversionOCF / Net Profit | 1.30× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $27.3M | ||
| Q3 25 | $131.8M | $-8.1M | ||
| Q2 25 | $34.0M | $40.8M | ||
| Q1 25 | $-45.0M | $-9.8M | ||
| Q4 24 | $42.9M | $-7.4M | ||
| Q3 24 | $5.7M | $-30.8M | ||
| Q2 24 | $1.2M | $43.7M | ||
| Q1 24 | $22.2M | $25.2M |
| Q4 25 | $-450.8M | $16.3M | ||
| Q3 25 | $-112.7M | $-12.4M | ||
| Q2 25 | $-87.3M | $33.5M | ||
| Q1 25 | $-129.0M | $-16.1M | ||
| Q4 24 | $-52.1M | $-10.7M | ||
| Q3 24 | $-25.5M | $-35.5M | ||
| Q2 24 | $-1.9M | $38.2M | ||
| Q1 24 | $-9.7M | $7.0M |
| Q4 25 | -565.1% | 13.1% | ||
| Q3 25 | -139.0% | -14.6% | ||
| Q2 25 | -111.0% | 23.8% | ||
| Q1 25 | -162.2% | -13.9% | ||
| Q4 24 | -54.8% | -8.3% | ||
| Q3 24 | -26.7% | -40.2% | ||
| Q2 24 | -1.4% | 24.0% | ||
| Q1 24 | -5.4% | 5.1% |
| Q4 25 | 914.0% | 8.8% | ||
| Q3 25 | 301.5% | 5.0% | ||
| Q2 25 | 154.2% | 5.2% | ||
| Q1 25 | 105.6% | 5.4% | ||
| Q4 24 | 100.0% | 2.5% | ||
| Q3 24 | 32.7% | 5.3% | ||
| Q2 24 | 2.2% | 3.5% | ||
| Q1 24 | 17.8% | 13.2% |
| Q4 25 | 1.30× | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | -0.08× | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | 0.11× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
SWBI
Segment breakdown not available.
