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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) 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 $81.1M, roughly 1.5× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs 1.5%, a 21.1% gap on every dollar of revenue. On growth, Franklin BSP Realty Trust, Inc. posted the faster year-over-year revenue change (25.8% vs -3.9%). Over the past eight quarters, Franklin BSP Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -4.8%).
Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
FBRT vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $81.1M | $124.7M |
| Net Profit | $18.4M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | 3.3% |
| Net Margin | 22.7% | 1.5% |
| Revenue YoY | 25.8% | -3.9% |
| Net Profit YoY | -39.1% | -53.6% |
| EPS (diluted) | $0.13 | $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 | $81.1M | $124.7M | ||
| Q3 25 | $89.5M | $85.1M | ||
| Q2 25 | $49.3M | $140.8M | ||
| Q1 25 | $50.1M | $115.9M | ||
| Q4 24 | $64.5M | $129.7M | ||
| Q3 24 | $54.0M | $88.3M | ||
| Q2 24 | $50.9M | $159.1M | ||
| Q1 24 | $54.0M | $137.5M |
| Q4 25 | $18.4M | $1.9M | ||
| Q3 25 | $17.3M | $-3.4M | ||
| Q2 25 | $23.2M | $8.6M | ||
| Q1 25 | $24.1M | $2.1M | ||
| Q4 24 | $30.2M | $4.5M | ||
| Q3 24 | $31.6M | $-1.9M | ||
| Q2 24 | $-2.2M | $27.9M | ||
| Q1 24 | $35.9M | $7.9M |
| 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% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | 22.7% | 1.5% | ||
| Q3 25 | 19.3% | -4.0% | ||
| Q2 25 | 47.1% | 6.1% | ||
| Q1 25 | 48.0% | 1.8% | ||
| Q4 24 | 46.8% | 3.5% | ||
| Q3 24 | 58.5% | -2.1% | ||
| Q2 24 | -4.3% | 17.5% | ||
| Q1 24 | 66.6% | 5.7% |
| Q4 25 | $0.13 | $0.04 | ||
| Q3 25 | $0.12 | $-0.08 | ||
| Q2 25 | $0.19 | $0.19 | ||
| Q1 25 | $0.20 | $0.05 | ||
| Q4 24 | $0.28 | $0.10 | ||
| Q3 24 | $0.30 | $-0.04 | ||
| Q2 24 | $-0.11 | $0.60 | ||
| Q1 24 | $0.35 | $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 | $167.3M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $363.2M |
| Total Assets | $6.1B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $22.4M | ||
| Q3 25 | $116.7M | $18.0M | ||
| Q2 25 | $414.1M | $25.2M | ||
| Q1 25 | $215.4M | $26.7M | ||
| Q4 24 | $184.4M | $39.1M | ||
| Q3 24 | $346.2M | $35.5M | ||
| Q2 24 | $94.8M | $60.8M | ||
| Q1 24 | $240.0M | $47.4M |
| Q4 25 | $1.4B | $363.2M | ||
| Q3 25 | $1.5B | $364.4M | ||
| Q2 25 | $1.5B | $372.5M | ||
| Q1 25 | $1.5B | $366.9M | ||
| Q4 24 | $1.5B | $371.5M | ||
| Q3 24 | $1.5B | $380.0M | ||
| Q2 24 | $1.5B | $399.9M | ||
| Q1 24 | $1.6B | $376.4M |
| Q4 25 | $6.1B | $548.6M | ||
| Q3 25 | $6.2B | $554.6M | ||
| Q2 25 | $5.6B | $559.6M | ||
| Q1 25 | $5.7B | $578.9M | ||
| Q4 24 | $6.0B | $587.4M | ||
| Q3 24 | $6.3B | $571.3M | ||
| Q2 24 | $6.3B | $577.4M | ||
| Q1 24 | $6.0B | $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 | $291.9M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 15.88× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $291.9M | $27.3M | ||
| Q3 25 | $-148.1M | $-8.1M | ||
| Q2 25 | $11.8M | $40.8M | ||
| Q1 25 | $116.2M | $-9.8M | ||
| Q4 24 | $57.2M | $-7.4M | ||
| Q3 24 | $97.4M | $-30.8M | ||
| Q2 24 | $1.9M | $43.7M | ||
| Q1 24 | $13.0M | $25.2M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 15.88× | 14.22× | ||
| Q3 25 | -8.56× | — | ||
| Q2 25 | 0.51× | 4.73× | ||
| Q1 25 | 4.83× | -4.68× | ||
| Q4 24 | 1.90× | -1.63× | ||
| Q3 24 | 3.08× | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | 0.36× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
SWBI
Segment breakdown not available.
