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Side-by-side financial comparison of FINANCIAL INSTITUTIONS INC (FISI) 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 $62.7M, roughly 2.0× FINANCIAL INSTITUTIONS INC). FINANCIAL INSTITUTIONS INC runs the higher net margin — 33.5% vs 1.5%, a 31.9% gap on every dollar of revenue. Over the past eight quarters, FINANCIAL INSTITUTIONS INC's revenue compounded faster (-2.0% CAGR vs -4.8%).

The Mizuho Financial Group, Inc. , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000–2002 by merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan. The name mizuho (瑞穂) literally means "abundant rice" in Japanese and "harvest" in the figurative sense.

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

FISI vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
2.0× larger
SWBI
$124.7M
$62.7M
FISI
Higher net margin
FISI
FISI
31.9% more per $
FISI
33.5%
1.5%
SWBI
Faster 2-yr revenue CAGR
FISI
FISI
Annualised
FISI
-2.0%
-4.8%
SWBI

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FISI
FISI
SWBI
SWBI
Revenue
$62.7M
$124.7M
Net Profit
$21.0M
$1.9M
Gross Margin
24.3%
Operating Margin
3.3%
Net Margin
33.5%
1.5%
Revenue YoY
-3.9%
Net Profit YoY
24.3%
-53.6%
EPS (diluted)
$1.04
$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
FISI
FISI
SWBI
SWBI
Q1 26
$62.7M
Q4 25
$64.1M
$124.7M
Q3 25
$63.8M
$85.1M
Q2 25
$59.7M
$140.8M
Q1 25
$57.2M
$115.9M
Q4 24
$41.6M
$129.7M
Q3 24
$50.1M
$88.3M
Q2 24
$65.2M
$159.1M
Net Profit
FISI
FISI
SWBI
SWBI
Q1 26
$21.0M
Q4 25
$20.0M
$1.9M
Q3 25
$20.5M
$-3.4M
Q2 25
$17.5M
$8.6M
Q1 25
$16.9M
$2.1M
Q4 24
$-82.8M
$4.5M
Q3 24
$13.5M
$-1.9M
Q2 24
$25.6M
$27.9M
Gross Margin
FISI
FISI
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
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
37.4%
3.3%
Q3 25
39.5%
-3.5%
Q2 25
36.0%
9.3%
Q1 25
36.0%
4.1%
Q4 24
-276.9%
5.8%
Q3 24
29.0%
-1.7%
Q2 24
46.2%
17.4%
Net Margin
FISI
FISI
SWBI
SWBI
Q1 26
33.5%
Q4 25
38.3%
1.5%
Q3 25
32.1%
-4.0%
Q2 25
29.3%
6.1%
Q1 25
29.5%
1.8%
Q4 24
-198.9%
3.5%
Q3 24
26.9%
-2.1%
Q2 24
39.3%
17.5%
EPS (diluted)
FISI
FISI
SWBI
SWBI
Q1 26
$1.04
Q4 25
$0.96
$0.04
Q3 25
$0.99
$-0.08
Q2 25
$0.85
$0.19
Q1 25
$0.81
$0.05
Q4 24
$-5.32
$0.10
Q3 24
$0.84
$-0.04
Q2 24
$1.62
$0.60

Balance Sheet & Financial Strength

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

Metric
FISI
FISI
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$85.5M
$22.4M
Total DebtLower is stronger
$114.0M
Stockholders' EquityBook value
$363.2M
Total Assets
$6.3B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FISI
FISI
SWBI
SWBI
Q1 26
$85.5M
Q4 25
$108.8M
$22.4M
Q3 25
$185.9M
$18.0M
Q2 25
$93.0M
$25.2M
Q1 25
$167.4M
$26.7M
Q4 24
$87.3M
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Total Debt
FISI
FISI
SWBI
SWBI
Q1 26
$114.0M
Q4 25
$193.7M
Q3 25
$115.0M
Q2 25
$115.0M
Q1 25
$124.9M
Q4 24
$124.8M
Q3 24
$124.8M
Q2 24
$124.7M
Stockholders' Equity
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
$628.9M
$363.2M
Q3 25
$621.7M
$364.4M
Q2 25
$601.7M
$372.5M
Q1 25
$589.9M
$366.9M
Q4 24
$569.0M
$371.5M
Q3 24
$500.3M
$380.0M
Q2 24
$467.7M
$399.9M
Total Assets
FISI
FISI
SWBI
SWBI
Q1 26
$6.3B
Q4 25
$6.3B
$548.6M
Q3 25
$6.3B
$554.6M
Q2 25
$6.1B
$559.6M
Q1 25
$6.3B
$578.9M
Q4 24
$6.1B
$587.4M
Q3 24
$6.2B
$571.3M
Q2 24
$6.1B
$577.4M
Debt / Equity
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
0.31×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.22×
Q3 24
0.25×
Q2 24
0.27×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
$18.8M
$27.3M
Q3 25
$-6.9M
$-8.1M
Q2 25
$-5.7M
$40.8M
Q1 25
$10.0M
$-9.8M
Q4 24
$77.1M
$-7.4M
Q3 24
$2.1M
$-30.8M
Q2 24
$35.7M
$43.7M
Free Cash Flow
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
$13.3M
$16.3M
Q3 25
$-7.9M
$-12.4M
Q2 25
$-7.3M
$33.5M
Q1 25
$9.2M
$-16.1M
Q4 24
$72.2M
$-10.7M
Q3 24
$-299.0K
$-35.5M
Q2 24
$34.7M
$38.2M
FCF Margin
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
20.7%
13.1%
Q3 25
-12.4%
-14.6%
Q2 25
-12.3%
23.8%
Q1 25
16.1%
-13.9%
Q4 24
173.3%
-8.3%
Q3 24
-0.6%
-40.2%
Q2 24
53.3%
24.0%
Capex Intensity
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
8.7%
8.8%
Q3 25
1.6%
5.0%
Q2 25
2.7%
5.2%
Q1 25
1.4%
5.4%
Q4 24
11.9%
2.5%
Q3 24
4.9%
5.3%
Q2 24
1.5%
3.5%
Cash Conversion
FISI
FISI
SWBI
SWBI
Q1 26
Q4 25
0.94×
14.22×
Q3 25
-0.34×
Q2 25
-0.33×
4.73×
Q1 25
0.59×
-4.68×
Q4 24
-1.63×
Q3 24
0.16×
Q2 24
1.39×
1.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FISI
FISI

Net Interest Income$52.0M83%
Noninterest Income$10.7M17%

SWBI
SWBI

Segment breakdown not available.

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