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Side-by-side financial comparison of California Resources Corp (CRC) 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 $119.0M, roughly 1.0× California Resources Corp). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-32.0M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -46.3%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

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

CRC vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.0× larger
SWBI
$124.7M
$119.0M
CRC
More free cash flow
SWBI
SWBI
$48.3M more FCF
SWBI
$16.3M
$-32.0M
CRC
Faster 2-yr revenue CAGR
SWBI
SWBI
Annualised
SWBI
-4.8%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
CRC
CRC
SWBI
SWBI
Revenue
$119.0M
$124.7M
Net Profit
$1.9M
Gross Margin
24.3%
Operating Margin
-597.5%
3.3%
Net Margin
1.5%
Revenue YoY
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$-8.02
$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
CRC
CRC
SWBI
SWBI
Q1 26
$119.0M
Q4 25
$679.0M
$124.7M
Q3 25
$715.0M
$85.1M
Q2 25
$702.0M
$140.8M
Q1 25
$814.0M
$115.9M
Q4 24
$826.0M
$129.7M
Q3 24
$870.0M
$88.3M
Q2 24
$412.0M
$159.1M
Net Profit
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
$12.0M
$1.9M
Q3 25
$64.0M
$-3.4M
Q2 25
$172.0M
$8.6M
Q1 25
$115.0M
$2.1M
Q4 24
$33.0M
$4.5M
Q3 24
$345.0M
$-1.9M
Q2 24
$8.0M
$27.9M
Gross Margin
CRC
CRC
SWBI
SWBI
Q1 26
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%
Operating Margin
CRC
CRC
SWBI
SWBI
Q1 26
-597.5%
Q4 25
6.9%
3.3%
Q3 25
13.7%
-3.5%
Q2 25
38.0%
9.3%
Q1 25
22.9%
4.1%
Q4 24
8.2%
5.8%
Q3 24
59.5%
-1.7%
Q2 24
9.2%
17.4%
Net Margin
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
1.8%
1.5%
Q3 25
9.0%
-4.0%
Q2 25
24.5%
6.1%
Q1 25
14.1%
1.8%
Q4 24
4.0%
3.5%
Q3 24
39.7%
-2.1%
Q2 24
1.9%
17.5%
EPS (diluted)
CRC
CRC
SWBI
SWBI
Q1 26
$-8.02
Q4 25
$0.21
$0.04
Q3 25
$0.76
$-0.08
Q2 25
$1.92
$0.19
Q1 25
$1.26
$0.05
Q4 24
$0.87
$0.10
Q3 24
$3.78
$-0.04
Q2 24
$0.11
$0.60

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$363.2M
Total Assets
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
$132.0M
$22.4M
Q3 25
$196.0M
$18.0M
Q2 25
$72.0M
$25.2M
Q1 25
$214.0M
$26.7M
Q4 24
$372.0M
$39.1M
Q3 24
$241.0M
$35.5M
Q2 24
$1.0B
$60.8M
Total Debt
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
CRC
CRC
SWBI
SWBI
Q1 26
$2.9B
Q4 25
$3.7B
$363.2M
Q3 25
$3.4B
$364.4M
Q2 25
$3.4B
$372.5M
Q1 25
$3.5B
$366.9M
Q4 24
$3.5B
$371.5M
Q3 24
$3.5B
$380.0M
Q2 24
$2.1B
$399.9M
Total Assets
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
$7.4B
$548.6M
Q3 25
$6.8B
$554.6M
Q2 25
$6.7B
$559.6M
Q1 25
$6.8B
$578.9M
Q4 24
$7.1B
$587.4M
Q3 24
$7.1B
$571.3M
Q2 24
$4.5B
$577.4M
Debt / Equity
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
SWBI
SWBI
Operating Cash FlowLast quarter
$99.0M
$27.3M
Free Cash FlowOCF − Capex
$-32.0M
$16.3M
FCF MarginFCF / Revenue
-26.9%
13.1%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$380.0M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
SWBI
SWBI
Q1 26
$99.0M
Q4 25
$235.0M
$27.3M
Q3 25
$279.0M
$-8.1M
Q2 25
$165.0M
$40.8M
Q1 25
$186.0M
$-9.8M
Q4 24
$206.0M
$-7.4M
Q3 24
$220.0M
$-30.8M
Q2 24
$97.0M
$43.7M
Free Cash Flow
CRC
CRC
SWBI
SWBI
Q1 26
$-32.0M
Q4 25
$115.0M
$16.3M
Q3 25
$188.0M
$-12.4M
Q2 25
$109.0M
$33.5M
Q1 25
$131.0M
$-16.1M
Q4 24
$118.0M
$-10.7M
Q3 24
$141.0M
$-35.5M
Q2 24
$63.0M
$38.2M
FCF Margin
CRC
CRC
SWBI
SWBI
Q1 26
-26.9%
Q4 25
16.9%
13.1%
Q3 25
26.3%
-14.6%
Q2 25
15.5%
23.8%
Q1 25
16.1%
-13.9%
Q4 24
14.3%
-8.3%
Q3 24
16.2%
-40.2%
Q2 24
15.3%
24.0%
Capex Intensity
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
17.7%
8.8%
Q3 25
12.7%
5.0%
Q2 25
8.0%
5.2%
Q1 25
6.8%
5.4%
Q4 24
10.7%
2.5%
Q3 24
9.1%
5.3%
Q2 24
8.3%
3.5%
Cash Conversion
CRC
CRC
SWBI
SWBI
Q1 26
Q4 25
19.58×
14.22×
Q3 25
4.36×
Q2 25
0.96×
4.73×
Q1 25
1.62×
-4.68×
Q4 24
6.24×
-1.63×
Q3 24
0.64×
Q2 24
12.13×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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