vs

Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) 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 $71.5M, roughly 1.7× FARMERS NATIONAL BANC CORP). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs 1.5%, a 18.9% gap on every dollar of revenue. On growth, FARMERS NATIONAL BANC CORP posted the faster year-over-year revenue change (3.2% vs -3.9%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $16.3M). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% CAGR vs -4.8%).

Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.

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

FMNB vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.7× larger
SWBI
$124.7M
$71.5M
FMNB
Growing faster (revenue YoY)
FMNB
FMNB
+7.0% gap
FMNB
3.2%
-3.9%
SWBI
Higher net margin
FMNB
FMNB
18.9% more per $
FMNB
20.5%
1.5%
SWBI
More free cash flow
FMNB
FMNB
$35.9M more FCF
FMNB
$52.2M
$16.3M
SWBI
Faster 2-yr revenue CAGR
FMNB
FMNB
Annualised
FMNB
6.2%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FMNB
FMNB
SWBI
SWBI
Revenue
$71.5M
$124.7M
Net Profit
$14.6M
$1.9M
Gross Margin
24.3%
Operating Margin
24.8%
3.3%
Net Margin
20.5%
1.5%
Revenue YoY
3.2%
-3.9%
Net Profit YoY
1.7%
-53.6%
EPS (diluted)
$0.39
$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
FMNB
FMNB
SWBI
SWBI
Q4 25
$71.5M
$124.7M
Q3 25
$70.8M
$85.1M
Q2 25
$69.8M
$140.8M
Q1 25
$67.8M
$115.9M
Q4 24
$69.3M
$129.7M
Q3 24
$70.3M
$88.3M
Q2 24
$66.5M
$159.1M
Q1 24
$63.4M
$137.5M
Net Profit
FMNB
FMNB
SWBI
SWBI
Q4 25
$14.6M
$1.9M
Q3 25
$12.5M
$-3.4M
Q2 25
$13.9M
$8.6M
Q1 25
$13.6M
$2.1M
Q4 24
$14.4M
$4.5M
Q3 24
$8.5M
$-1.9M
Q2 24
$11.8M
$27.9M
Q1 24
$11.2M
$7.9M
Gross Margin
FMNB
FMNB
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
FMNB
FMNB
SWBI
SWBI
Q4 25
24.8%
3.3%
Q3 25
20.7%
-3.5%
Q2 25
23.4%
9.3%
Q1 25
24.1%
4.1%
Q4 24
25.5%
5.8%
Q3 24
14.4%
-1.7%
Q2 24
21.3%
17.4%
Q1 24
21.2%
8.2%
Net Margin
FMNB
FMNB
SWBI
SWBI
Q4 25
20.5%
1.5%
Q3 25
17.6%
-4.0%
Q2 25
19.9%
6.1%
Q1 25
20.0%
1.8%
Q4 24
20.8%
3.5%
Q3 24
12.1%
-2.1%
Q2 24
17.7%
17.5%
Q1 24
17.7%
5.7%
EPS (diluted)
FMNB
FMNB
SWBI
SWBI
Q4 25
$0.39
$0.04
Q3 25
$0.33
$-0.08
Q2 25
$0.37
$0.19
Q1 25
$0.36
$0.05
Q4 24
$0.38
$0.10
Q3 24
$0.23
$-0.04
Q2 24
$0.31
$0.60
Q1 24
$0.30
$0.17

Balance Sheet & Financial Strength

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

Metric
FMNB
FMNB
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$485.7M
$363.2M
Total Assets
$5.2B
$548.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMNB
FMNB
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Total Debt
FMNB
FMNB
SWBI
SWBI
Q4 25
$86.7M
Q3 25
$86.6M
Q2 25
$86.4M
Q1 25
$86.3M
Q4 24
$86.2M
Q3 24
$86.0M
Q2 24
$88.9M
Q1 24
$88.8M
Stockholders' Equity
FMNB
FMNB
SWBI
SWBI
Q4 25
$485.7M
$363.2M
Q3 25
$465.9M
$364.4M
Q2 25
$437.7M
$372.5M
Q1 25
$429.1M
$366.9M
Q4 24
$406.0M
$371.5M
Q3 24
$439.7M
$380.0M
Q2 24
$396.7M
$399.9M
Q1 24
$397.0M
$376.4M
Total Assets
FMNB
FMNB
SWBI
SWBI
Q4 25
$5.2B
$548.6M
Q3 25
$5.2B
$554.6M
Q2 25
$5.2B
$559.6M
Q1 25
$5.2B
$578.9M
Q4 24
$5.1B
$587.4M
Q3 24
$5.2B
$571.3M
Q2 24
$5.2B
$577.4M
Q1 24
$5.1B
$570.6M
Debt / Equity
FMNB
FMNB
SWBI
SWBI
Q4 25
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.21×
Q3 24
0.20×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
FMNB
FMNB
SWBI
SWBI
Operating Cash FlowLast quarter
$60.0M
$27.3M
Free Cash FlowOCF − Capex
$52.2M
$16.3M
FCF MarginFCF / Revenue
73.0%
13.1%
Capex IntensityCapex / Revenue
11.0%
8.8%
Cash ConversionOCF / Net Profit
4.10×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$85.8M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMNB
FMNB
SWBI
SWBI
Q4 25
$60.0M
$27.3M
Q3 25
$10.7M
$-8.1M
Q2 25
$14.0M
$40.8M
Q1 25
$15.7M
$-9.8M
Q4 24
$66.6M
$-7.4M
Q3 24
$23.9M
$-30.8M
Q2 24
$16.6M
$43.7M
Q1 24
$13.7M
$25.2M
Free Cash Flow
FMNB
FMNB
SWBI
SWBI
Q4 25
$52.2M
$16.3M
Q3 25
$9.0M
$-12.4M
Q2 25
$12.4M
$33.5M
Q1 25
$12.2M
$-16.1M
Q4 24
$54.9M
$-10.7M
Q3 24
$20.4M
$-35.5M
Q2 24
$14.4M
$38.2M
Q1 24
$12.2M
$7.0M
FCF Margin
FMNB
FMNB
SWBI
SWBI
Q4 25
73.0%
13.1%
Q3 25
12.8%
-14.6%
Q2 25
17.8%
23.8%
Q1 25
18.0%
-13.9%
Q4 24
79.2%
-8.3%
Q3 24
29.1%
-40.2%
Q2 24
21.6%
24.0%
Q1 24
19.2%
5.1%
Capex Intensity
FMNB
FMNB
SWBI
SWBI
Q4 25
11.0%
8.8%
Q3 25
2.4%
5.0%
Q2 25
2.3%
5.2%
Q1 25
5.2%
5.4%
Q4 24
16.9%
2.5%
Q3 24
4.9%
5.3%
Q2 24
3.3%
3.5%
Q1 24
2.4%
13.2%
Cash Conversion
FMNB
FMNB
SWBI
SWBI
Q4 25
4.10×
14.22×
Q3 25
0.86×
Q2 25
1.01×
4.73×
Q1 25
1.15×
-4.68×
Q4 24
4.63×
-1.63×
Q3 24
2.80×
Q2 24
1.41×
1.57×
Q1 24
1.22×
3.20×

Financial Flow Comparison

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

Related Comparisons