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Side-by-side financial comparison of Freshworks Inc. (FRSH) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $124.7M, roughly 1.8× SMITH & WESSON BRANDS, INC.). Freshworks Inc. runs the higher net margin — 86.0% vs 1.5%, a 84.4% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -3.9%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $16.3M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs -4.8%).

Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.

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

FRSH vs SWBI — Head-to-Head

Bigger by revenue
FRSH
FRSH
1.8× larger
FRSH
$222.7M
$124.7M
SWBI
Growing faster (revenue YoY)
FRSH
FRSH
+18.3% gap
FRSH
14.5%
-3.9%
SWBI
Higher net margin
FRSH
FRSH
84.4% more per $
FRSH
86.0%
1.5%
SWBI
More free cash flow
FRSH
FRSH
$43.8M more FCF
FRSH
$60.1M
$16.3M
SWBI
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
16.1%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FRSH
FRSH
SWBI
SWBI
Revenue
$222.7M
$124.7M
Net Profit
$191.4M
$1.9M
Gross Margin
85.6%
24.3%
Operating Margin
17.8%
3.3%
Net Margin
86.0%
1.5%
Revenue YoY
14.5%
-3.9%
Net Profit YoY
974.2%
-53.6%
EPS (diluted)
$0.66
$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
FRSH
FRSH
SWBI
SWBI
Q4 25
$222.7M
$124.7M
Q3 25
$215.1M
$85.1M
Q2 25
$204.7M
$140.8M
Q1 25
$196.3M
$115.9M
Q4 24
$194.6M
$129.7M
Q3 24
$186.6M
$88.3M
Q2 24
$174.1M
$159.1M
Q1 24
$165.1M
$137.5M
Net Profit
FRSH
FRSH
SWBI
SWBI
Q4 25
$191.4M
$1.9M
Q3 25
$-4.7M
$-3.4M
Q2 25
$-1.7M
$8.6M
Q1 25
$-1.3M
$2.1M
Q4 24
$-21.9M
$4.5M
Q3 24
$-30.0M
$-1.9M
Q2 24
$-20.2M
$27.9M
Q1 24
$-23.3M
$7.9M
Gross Margin
FRSH
FRSH
SWBI
SWBI
Q4 25
85.6%
24.3%
Q3 25
84.7%
25.9%
Q2 25
84.8%
28.8%
Q1 25
84.8%
24.1%
Q4 24
84.9%
26.6%
Q3 24
84.0%
27.4%
Q2 24
83.8%
35.5%
Q1 24
84.3%
28.7%
Operating Margin
FRSH
FRSH
SWBI
SWBI
Q4 25
17.8%
3.3%
Q3 25
-3.5%
-3.5%
Q2 25
-4.2%
9.3%
Q1 25
-5.3%
4.1%
Q4 24
-12.2%
5.8%
Q3 24
-20.8%
-1.7%
Q2 24
-25.1%
17.4%
Q1 24
-19.5%
8.2%
Net Margin
FRSH
FRSH
SWBI
SWBI
Q4 25
86.0%
1.5%
Q3 25
-2.2%
-4.0%
Q2 25
-0.8%
6.1%
Q1 25
-0.7%
1.8%
Q4 24
-11.3%
3.5%
Q3 24
-16.1%
-2.1%
Q2 24
-11.6%
17.5%
Q1 24
-14.1%
5.7%
EPS (diluted)
FRSH
FRSH
SWBI
SWBI
Q4 25
$0.66
$0.04
Q3 25
$-0.02
$-0.08
Q2 25
$-0.01
$0.19
Q1 25
$0.00
$0.05
Q4 24
$-0.07
$0.10
Q3 24
$-0.10
$-0.04
Q2 24
$-0.07
$0.60
Q1 24
$-0.08
$0.17

Balance Sheet & Financial Strength

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

Metric
FRSH
FRSH
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$781.4M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$363.2M
Total Assets
$1.6B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRSH
FRSH
SWBI
SWBI
Q4 25
$781.4M
$22.4M
Q3 25
$813.2M
$18.0M
Q2 25
$926.2M
$25.2M
Q1 25
$995.3M
$26.7M
Q4 24
$1.1B
$39.1M
Q3 24
$1.1B
$35.5M
Q2 24
$1.0B
$60.8M
Q1 24
$1.2B
$47.4M
Stockholders' Equity
FRSH
FRSH
SWBI
SWBI
Q4 25
$1.0B
$363.2M
Q3 25
$851.5M
$364.4M
Q2 25
$984.6M
$372.5M
Q1 25
$1.1B
$366.9M
Q4 24
$1.1B
$371.5M
Q3 24
$1.1B
$380.0M
Q2 24
$1.1B
$399.9M
Q1 24
$1.1B
$376.4M
Total Assets
FRSH
FRSH
SWBI
SWBI
Q4 25
$1.6B
$548.6M
Q3 25
$1.4B
$554.6M
Q2 25
$1.5B
$559.6M
Q1 25
$1.5B
$578.9M
Q4 24
$1.6B
$587.4M
Q3 24
$1.6B
$571.3M
Q2 24
$1.5B
$577.4M
Q1 24
$1.5B
$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
FRSH
FRSH
SWBI
SWBI
Operating Cash FlowLast quarter
$62.3M
$27.3M
Free Cash FlowOCF − Capex
$60.1M
$16.3M
FCF MarginFCF / Revenue
27.0%
13.1%
Capex IntensityCapex / Revenue
1.0%
8.8%
Cash ConversionOCF / Net Profit
0.33×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$236.7M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRSH
FRSH
SWBI
SWBI
Q4 25
$62.3M
$27.3M
Q3 25
$63.5M
$-8.1M
Q2 25
$58.6M
$40.8M
Q1 25
$58.0M
$-9.8M
Q4 24
$41.4M
$-7.4M
Q3 24
$42.3M
$-30.8M
Q2 24
$36.3M
$43.7M
Q1 24
$40.6M
$25.2M
Free Cash Flow
FRSH
FRSH
SWBI
SWBI
Q4 25
$60.1M
$16.3M
Q3 25
$61.7M
$-12.4M
Q2 25
$58.2M
$33.5M
Q1 25
$56.7M
$-16.1M
Q4 24
$36.3M
$-10.7M
Q3 24
$41.3M
$-35.5M
Q2 24
$34.0M
$38.2M
Q1 24
$39.9M
$7.0M
FCF Margin
FRSH
FRSH
SWBI
SWBI
Q4 25
27.0%
13.1%
Q3 25
28.7%
-14.6%
Q2 25
28.4%
23.8%
Q1 25
28.9%
-13.9%
Q4 24
18.7%
-8.3%
Q3 24
22.1%
-40.2%
Q2 24
19.5%
24.0%
Q1 24
24.1%
5.1%
Capex Intensity
FRSH
FRSH
SWBI
SWBI
Q4 25
1.0%
8.8%
Q3 25
0.8%
5.0%
Q2 25
0.2%
5.2%
Q1 25
0.7%
5.4%
Q4 24
2.6%
2.5%
Q3 24
0.6%
5.3%
Q2 24
1.3%
3.5%
Q1 24
0.4%
13.2%
Cash Conversion
FRSH
FRSH
SWBI
SWBI
Q4 25
0.33×
14.22×
Q3 25
Q2 25
4.73×
Q1 25
-4.68×
Q4 24
-1.63×
Q3 24
Q2 24
1.57×
Q1 24
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRSH
FRSH

Subscription Services Software Licenses And Maintenance$220.2M99%
Professional Services$2.5M1%

SWBI
SWBI

Segment breakdown not available.

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