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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) 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 $115.1M, roughly 1.1× FLEXSTEEL INDUSTRIES INC). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs 1.5%, a 16.2% gap on every dollar of revenue. On growth, FLEXSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (1.0% vs -3.9%). Over the past eight quarters, FLEXSTEEL INDUSTRIES INC's revenue compounded faster (1.9% CAGR vs -4.8%).
Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
FLXS vs SWBI — Head-to-Head
Income Statement — Q1 FY2027 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $115.1M | $124.7M |
| Net Profit | $20.4M | $1.9M |
| Gross Margin | 22.6% | 24.3% |
| Operating Margin | — | 3.3% |
| Net Margin | 17.7% | 1.5% |
| Revenue YoY | 1.0% | -3.9% |
| Net Profit YoY | 116.0% | -53.6% |
| EPS (diluted) | $1.14 | $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.
| Q3 26 | $115.1M | — | ||
| Q4 25 | $118.2M | $124.7M | ||
| Q3 25 | $110.4M | $85.1M | ||
| Q2 25 | $114.6M | $140.8M | ||
| Q1 25 | $114.0M | $115.9M | ||
| Q4 24 | $108.5M | $129.7M | ||
| Q3 24 | $104.0M | $88.3M | ||
| Q2 24 | $110.8M | $159.1M |
| Q3 26 | $20.4M | — | ||
| Q4 25 | $6.6M | $1.9M | ||
| Q3 25 | $7.3M | $-3.4M | ||
| Q2 25 | $10.7M | $8.6M | ||
| Q1 25 | $-3.7M | $2.1M | ||
| Q4 24 | $9.1M | $4.5M | ||
| Q3 24 | $4.1M | $-1.9M | ||
| Q2 24 | $4.9M | $27.9M |
| Q3 26 | 22.6% | — | ||
| Q4 25 | 22.7% | 24.3% | ||
| Q3 25 | 23.5% | 25.9% | ||
| Q2 25 | 23.9% | 28.8% | ||
| Q1 25 | 22.2% | 24.1% | ||
| Q4 24 | 21.0% | 26.6% | ||
| Q3 24 | 21.5% | 27.4% | ||
| Q2 24 | 21.3% | 35.5% |
| Q3 26 | — | — | ||
| Q4 25 | 7.6% | 3.3% | ||
| Q3 25 | 8.1% | -3.5% | ||
| Q2 25 | 12.2% | 9.3% | ||
| Q1 25 | -4.4% | 4.1% | ||
| Q4 24 | 10.7% | 5.8% | ||
| Q3 24 | 5.8% | -1.7% | ||
| Q2 24 | 6.9% | 17.4% |
| Q3 26 | 17.7% | — | ||
| Q4 25 | 5.6% | 1.5% | ||
| Q3 25 | 6.6% | -4.0% | ||
| Q2 25 | 9.3% | 6.1% | ||
| Q1 25 | -3.3% | 1.8% | ||
| Q4 24 | 8.3% | 3.5% | ||
| Q3 24 | 4.0% | -2.1% | ||
| Q2 24 | 4.4% | 17.5% |
| Q3 26 | $1.14 | — | ||
| Q4 25 | $1.18 | $0.04 | ||
| Q3 25 | $1.31 | $-0.08 | ||
| Q2 25 | $1.90 | $0.19 | ||
| Q1 25 | $-0.71 | $0.05 | ||
| Q4 24 | $1.62 | $0.10 | ||
| Q3 24 | $0.74 | $-0.04 | ||
| Q2 24 | $0.87 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.3M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $185.3M | $363.2M |
| Total Assets | $290.2M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | $57.3M | — | ||
| Q4 25 | $36.8M | $22.4M | ||
| Q3 25 | $38.6M | $18.0M | ||
| Q2 25 | $40.0M | $25.2M | ||
| Q1 25 | $22.6M | $26.7M | ||
| Q4 24 | $11.8M | $39.1M | ||
| Q3 24 | $5.7M | $35.5M | ||
| Q2 24 | $4.8M | $60.8M |
| Q3 26 | $185.3M | — | ||
| Q4 25 | $178.9M | $363.2M | ||
| Q3 25 | $172.2M | $364.4M | ||
| Q2 25 | $167.9M | $372.5M | ||
| Q1 25 | $158.1M | $366.9M | ||
| Q4 24 | $161.9M | $371.5M | ||
| Q3 24 | $154.7M | $380.0M | ||
| Q2 24 | $150.4M | $399.9M |
| Q3 26 | $290.2M | — | ||
| Q4 25 | $290.2M | $548.6M | ||
| Q3 25 | $281.5M | $554.6M | ||
| Q2 25 | $282.5M | $559.6M | ||
| Q1 25 | $266.1M | $578.9M | ||
| Q4 24 | $271.5M | $587.4M | ||
| Q3 24 | $268.7M | $571.3M | ||
| Q2 24 | $274.5M | $577.4M |
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 | $27.2M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 1.33× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | $27.2M | — | ||
| Q4 25 | $1.0M | $27.3M | ||
| Q3 25 | $4.1M | $-8.1M | ||
| Q2 25 | $15.6M | $40.8M | ||
| Q1 25 | $12.3M | $-9.8M | ||
| Q4 24 | $6.7M | $-7.4M | ||
| Q3 24 | $2.4M | $-30.8M | ||
| Q2 24 | $7.5M | $43.7M |
| Q3 26 | — | — | ||
| Q4 25 | $-735.0K | $16.3M | ||
| Q3 25 | $2.8M | $-12.4M | ||
| Q2 25 | $15.1M | $33.5M | ||
| Q1 25 | $10.9M | $-16.1M | ||
| Q4 24 | $5.8M | $-10.7M | ||
| Q3 24 | $2.0M | $-35.5M | ||
| Q2 24 | $7.1M | $38.2M |
| Q3 26 | — | — | ||
| Q4 25 | -0.6% | 13.1% | ||
| Q3 25 | 2.5% | -14.6% | ||
| Q2 25 | 13.1% | 23.8% | ||
| Q1 25 | 9.6% | -13.9% | ||
| Q4 24 | 5.3% | -8.3% | ||
| Q3 24 | 1.9% | -40.2% | ||
| Q2 24 | 6.4% | 24.0% |
| Q3 26 | — | — | ||
| Q4 25 | 1.5% | 8.8% | ||
| Q3 25 | 1.2% | 5.0% | ||
| Q2 25 | 0.5% | 5.2% | ||
| Q1 25 | 1.2% | 5.4% | ||
| Q4 24 | 0.8% | 2.5% | ||
| Q3 24 | 0.4% | 5.3% | ||
| Q2 24 | 0.4% | 3.5% |
| Q3 26 | 1.33× | — | ||
| Q4 25 | 0.15× | 14.22× | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 1.46× | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | 0.74× | -1.63× | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 1.53× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
