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Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.6× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 1.5%, a 27.4% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs -3.9%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -4.8%).

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

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

EFC vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.6× larger
SWBI
$124.7M
$78.2M
EFC
Growing faster (revenue YoY)
EFC
EFC
+12.6% gap
EFC
8.7%
-3.9%
SWBI
Higher net margin
EFC
EFC
27.4% more per $
EFC
28.9%
1.5%
SWBI
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EFC
EFC
SWBI
SWBI
Revenue
$78.2M
$124.7M
Net Profit
$22.6M
$1.9M
Gross Margin
24.3%
Operating Margin
7.4%
3.3%
Net Margin
28.9%
1.5%
Revenue YoY
8.7%
-3.9%
Net Profit YoY
-26.2%
-53.6%
EPS (diluted)
$0.10
$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
EFC
EFC
SWBI
SWBI
Q4 25
$78.2M
$124.7M
Q3 25
$82.8M
$85.1M
Q2 25
$92.5M
$140.8M
Q1 25
$82.9M
$115.9M
Q4 24
$72.0M
$129.7M
Q3 24
$67.0M
$88.3M
Q2 24
$91.2M
$159.1M
Q1 24
$75.5M
$137.5M
Net Profit
EFC
EFC
SWBI
SWBI
Q4 25
$22.6M
$1.9M
Q3 25
$29.5M
$-3.4M
Q2 25
$42.9M
$8.6M
Q1 25
$31.6M
$2.1M
Q4 24
$30.7M
$4.5M
Q3 24
$16.2M
$-1.9M
Q2 24
$52.3M
$27.9M
Q1 24
$26.9M
$7.9M
Gross Margin
EFC
EFC
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
EFC
EFC
SWBI
SWBI
Q4 25
7.4%
3.3%
Q3 25
31.1%
-3.5%
Q2 25
38.3%
9.3%
Q1 25
37.3%
4.1%
Q4 24
28.0%
5.8%
Q3 24
24.0%
-1.7%
Q2 24
52.8%
17.4%
Q1 24
42.2%
8.2%
Net Margin
EFC
EFC
SWBI
SWBI
Q4 25
28.9%
1.5%
Q3 25
35.7%
-4.0%
Q2 25
46.4%
6.1%
Q1 25
38.2%
1.8%
Q4 24
42.6%
3.5%
Q3 24
24.1%
-2.1%
Q2 24
57.4%
17.5%
Q1 24
35.6%
5.7%
EPS (diluted)
EFC
EFC
SWBI
SWBI
Q4 25
$0.10
$0.04
Q3 25
$0.29
$-0.08
Q2 25
$0.45
$0.19
Q1 25
$0.35
$0.05
Q4 24
$0.23
$0.10
Q3 24
$0.19
$-0.04
Q2 24
$0.62
$0.60
Q1 24
$0.32
$0.17

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$201.9M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$363.2M
Total Assets
$19.4B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
SWBI
SWBI
Q4 25
$201.9M
$22.4M
Q3 25
$184.8M
$18.0M
Q2 25
$211.0M
$25.2M
Q1 25
$203.3M
$26.7M
Q4 24
$192.4M
$39.1M
Q3 24
$217.7M
$35.5M
Q2 24
$198.5M
$60.8M
Q1 24
$187.5M
$47.4M
Stockholders' Equity
EFC
EFC
SWBI
SWBI
Q4 25
$1.8B
$363.2M
Q3 25
$1.8B
$364.4M
Q2 25
$1.7B
$372.5M
Q1 25
$1.6B
$366.9M
Q4 24
$1.6B
$371.5M
Q3 24
$1.6B
$380.0M
Q2 24
$1.6B
$399.9M
Q1 24
$1.5B
$376.4M
Total Assets
EFC
EFC
SWBI
SWBI
Q4 25
$19.4B
$548.6M
Q3 25
$17.8B
$554.6M
Q2 25
$17.1B
$559.6M
Q1 25
$16.6B
$578.9M
Q4 24
$16.3B
$587.4M
Q3 24
$16.0B
$571.3M
Q2 24
$15.1B
$577.4M
Q1 24
$15.1B
$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
EFC
EFC
SWBI
SWBI
Operating Cash FlowLast quarter
$-925.5M
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.0%
8.8%
Cash ConversionOCF / Net Profit
-40.92×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
SWBI
SWBI
Q4 25
$-925.5M
$27.3M
Q3 25
$-290.4M
$-8.1M
Q2 25
$-210.5M
$40.8M
Q1 25
$-126.4M
$-9.8M
Q4 24
$-430.5M
$-7.4M
Q3 24
$-141.7M
$-30.8M
Q2 24
$-88.6M
$43.7M
Q1 24
$-59.5M
$25.2M
Free Cash Flow
EFC
EFC
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
EFC
EFC
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
EFC
EFC
SWBI
SWBI
Q4 25
0.0%
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
5.4%
Q4 24
0.0%
2.5%
Q3 24
0.0%
5.3%
Q2 24
0.0%
3.5%
Q1 24
0.0%
13.2%
Cash Conversion
EFC
EFC
SWBI
SWBI
Q4 25
-40.92×
14.22×
Q3 25
-9.84×
Q2 25
-4.90×
4.73×
Q1 25
-3.99×
-4.68×
Q4 24
-14.04×
-1.63×
Q3 24
-8.76×
Q2 24
-1.69×
1.57×
Q1 24
-2.21×
3.20×

Financial Flow Comparison

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

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