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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($282.9M vs $260.4M, roughly 1.1× Smith Douglas Homes Corp.). Duolingo, Inc. runs the higher net margin — 14.8% vs 1.4%, a 13.5% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs -9.4%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $8.7M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 17.3%).
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
DUOL vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $260.4M |
| Net Profit | $42.0M | $3.5M |
| Gross Margin | 72.8% | 19.9% |
| Operating Margin | 15.4% | 6.5% |
| Net Margin | 14.8% | 1.4% |
| Revenue YoY | 35.0% | -9.4% |
| Net Profit YoY | 201.7% | -14.3% |
| EPS (diluted) | $0.99 | $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 | $282.9M | $260.4M | ||
| Q3 25 | $271.7M | $262.0M | ||
| Q2 25 | $252.3M | $223.9M | ||
| Q1 25 | $230.7M | $224.7M | ||
| Q4 24 | $209.6M | $287.5M | ||
| Q3 24 | $192.6M | $277.8M | ||
| Q2 24 | $178.3M | $220.9M | ||
| Q1 24 | $167.6M | $189.2M |
| Q4 25 | $42.0M | $3.5M | ||
| Q3 25 | $292.2M | $2.1M | ||
| Q2 25 | $44.8M | $2.4M | ||
| Q1 25 | $35.1M | $2.7M | ||
| Q4 24 | $13.9M | $4.1M | ||
| Q3 24 | $23.4M | $5.3M | ||
| Q2 24 | $24.4M | $3.6M | ||
| Q1 24 | $27.0M | $3.0M |
| Q4 25 | 72.8% | 19.9% | ||
| Q3 25 | 72.5% | 21.0% | ||
| Q2 25 | 72.4% | 23.2% | ||
| Q1 25 | 71.1% | 23.8% | ||
| Q4 24 | 71.9% | 25.5% | ||
| Q3 24 | 72.9% | 26.5% | ||
| Q2 24 | 73.4% | 26.7% | ||
| Q1 24 | 73.0% | 26.1% |
| Q4 25 | 15.4% | 6.5% | ||
| Q3 25 | 12.9% | 6.6% | ||
| Q2 25 | 13.2% | 7.7% | ||
| Q1 25 | 10.2% | 8.7% | ||
| Q4 24 | 6.6% | 10.4% | ||
| Q3 24 | 7.0% | 14.2% | ||
| Q2 24 | 10.5% | 11.7% | ||
| Q1 24 | 9.8% | 11.3% |
| Q4 25 | 14.8% | 1.4% | ||
| Q3 25 | 107.5% | 0.8% | ||
| Q2 25 | 17.8% | 1.1% | ||
| Q1 25 | 15.2% | 1.2% | ||
| Q4 24 | 6.6% | 1.4% | ||
| Q3 24 | 12.1% | 1.9% | ||
| Q2 24 | 13.7% | 1.7% | ||
| Q1 24 | 16.1% | 1.6% |
| Q4 25 | $0.99 | $0.39 | ||
| Q3 25 | $5.95 | $0.24 | ||
| Q2 25 | $0.91 | $0.26 | ||
| Q1 25 | $0.72 | $0.30 | ||
| Q4 24 | $0.31 | $0.50 | ||
| Q3 24 | $0.49 | $0.58 | ||
| Q2 24 | $0.51 | $0.40 | ||
| Q1 24 | $0.57 | $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 | $1.0B | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $86.7M |
| Total Assets | $2.0B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $12.7M | ||
| Q3 25 | $1.0B | $14.8M | ||
| Q2 25 | $976.2M | $16.8M | ||
| Q1 25 | $884.0M | $12.7M | ||
| Q4 24 | $785.8M | $22.4M | ||
| Q3 24 | $854.4M | $23.7M | ||
| Q2 24 | $888.2M | $17.3M | ||
| Q1 24 | $829.7M | $32.8M |
| Q4 25 | $1.3B | $86.7M | ||
| Q3 25 | $1.3B | $82.2M | ||
| Q2 25 | $977.0M | $80.0M | ||
| Q1 25 | $893.8M | $76.9M | ||
| Q4 24 | $824.5M | $73.6M | ||
| Q3 24 | $822.5M | $68.4M | ||
| Q2 24 | $766.9M | $62.1M | ||
| Q1 24 | $711.1M | $59.7M |
| Q4 25 | $2.0B | $557.6M | ||
| Q3 25 | $1.9B | $571.6M | ||
| Q2 25 | $1.5B | $570.2M | ||
| Q1 25 | $1.4B | $513.9M | ||
| Q4 24 | $1.3B | $475.9M | ||
| Q3 24 | $1.2B | $460.1M | ||
| Q2 24 | $1.1B | $429.3M | ||
| Q1 24 | $1.1B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.3M | $9.8M |
| Free Cash FlowOCF − Capex | $96.6M | $8.7M |
| FCF MarginFCF / Revenue | 34.1% | 3.4% |
| Capex IntensityCapex / Revenue | 3.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.56× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $369.7M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $9.8M | ||
| Q3 25 | $84.2M | $22.8M | ||
| Q2 25 | $90.7M | $-28.9M | ||
| Q1 25 | $105.6M | $-34.9M | ||
| Q4 24 | $83.3M | $5.5M | ||
| Q3 24 | $56.3M | $22.9M | ||
| Q2 24 | $62.4M | $39.0K | ||
| Q1 24 | $83.5M | $-9.3M |
| Q4 25 | $96.6M | $8.7M | ||
| Q3 25 | $79.4M | $21.4M | ||
| Q2 25 | $89.5M | $-31.1M | ||
| Q1 25 | $104.3M | $-35.9M | ||
| Q4 24 | $81.4M | $4.8M | ||
| Q3 24 | $53.1M | $22.3M | ||
| Q2 24 | $56.8M | $-2.1M | ||
| Q1 24 | $82.1M | $-9.7M |
| Q4 25 | 34.1% | 3.4% | ||
| Q3 25 | 29.2% | 8.2% | ||
| Q2 25 | 35.5% | -13.9% | ||
| Q1 25 | 45.2% | -16.0% | ||
| Q4 24 | 38.8% | 1.7% | ||
| Q3 24 | 27.6% | 8.0% | ||
| Q2 24 | 31.9% | -1.0% | ||
| Q1 24 | 49.0% | -5.1% |
| Q4 25 | 3.8% | 0.4% | ||
| Q3 25 | 1.8% | 0.5% | ||
| Q2 25 | 0.5% | 0.9% | ||
| Q1 25 | 0.6% | 0.5% | ||
| Q4 24 | 0.9% | 0.2% | ||
| Q3 24 | 1.7% | 0.2% | ||
| Q2 24 | 3.1% | 1.0% | ||
| Q1 24 | 0.8% | 0.2% |
| Q4 25 | 2.56× | 2.77× | ||
| Q3 25 | 0.29× | 10.70× | ||
| Q2 25 | 2.02× | -12.24× | ||
| Q1 25 | 3.01× | -13.01× | ||
| Q4 24 | 5.99× | 1.33× | ||
| Q3 24 | 2.41× | 4.28× | ||
| Q2 24 | 2.56× | 0.01× | ||
| Q1 24 | 3.10× | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
