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Side-by-side financial comparison of Primis Financial Corp. (FRST) and Stran & Company, Inc. (SWAG). Click either name above to swap in a different company.

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $28.9M, roughly 1.6× Stran & Company, Inc.). Primis Financial Corp. runs the higher net margin — 16.0% vs 0.8%, a 15.2% gap on every dollar of revenue. Over the past eight quarters, Stran & Company, Inc.'s revenue compounded faster (24.0% CAGR vs 13.0%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

Stran & Company, Inc. provides branded promotional products, custom merchandise and integrated marketing solutions for corporate clients. It serves customers across retail, healthcare, technology, education and other sectors, supporting brand campaigns, customer engagement and employee incentive programs.

FRST vs SWAG — Head-to-Head

Bigger by revenue
FRST
FRST
1.6× larger
FRST
$45.6M
$28.9M
SWAG
Higher net margin
FRST
FRST
15.2% more per $
FRST
16.0%
0.8%
SWAG
Faster 2-yr revenue CAGR
SWAG
SWAG
Annualised
SWAG
24.0%
13.0%
FRST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRST
FRST
SWAG
SWAG
Revenue
$45.6M
$28.9M
Net Profit
$7.3M
$243.0K
Gross Margin
30.4%
Operating Margin
-0.1%
Net Margin
16.0%
0.8%
Revenue YoY
7.2%
Net Profit YoY
200.0%
141.5%
EPS (diluted)
$0.30
$0.02

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
FRST
FRST
SWAG
SWAG
Q1 26
$45.6M
Q4 25
$80.9M
$28.9M
Q3 25
$41.0M
$26.0M
Q2 25
$43.2M
$32.6M
Q1 25
$58.7M
$28.7M
Q4 24
$38.8M
$27.0M
Q3 24
$37.3M
$20.1M
Q2 24
$35.7M
$16.7M
Net Profit
FRST
FRST
SWAG
SWAG
Q1 26
$7.3M
Q4 25
$29.5M
$243.0K
Q3 25
$6.8M
$-1.2M
Q2 25
$2.4M
$643.0K
Q1 25
$22.6M
$-393.0K
Q4 24
$-26.2M
$-586.0K
Q3 24
$1.2M
$-2.0M
Q2 24
$3.4M
$-1.0M
Gross Margin
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
30.4%
Q3 25
27.2%
Q2 25
30.3%
Q1 25
29.6%
Q4 24
32.5%
Q3 24
29.5%
Q2 24
32.8%
Operating Margin
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
44.8%
-0.1%
Q3 25
21.3%
-6.9%
Q2 25
6.9%
1.2%
Q1 25
41.9%
-1.9%
Q4 24
-123.0%
-3.5%
Q3 24
-3.1%
-10.8%
Q2 24
7.8%
-6.6%
Net Margin
FRST
FRST
SWAG
SWAG
Q1 26
16.0%
Q4 25
36.5%
0.8%
Q3 25
16.7%
-4.8%
Q2 25
5.6%
2.0%
Q1 25
38.6%
-1.4%
Q4 24
-100.3%
-2.2%
Q3 24
3.3%
-10.1%
Q2 24
9.6%
-6.1%
EPS (diluted)
FRST
FRST
SWAG
SWAG
Q1 26
$0.30
Q4 25
$1.19
$0.02
Q3 25
$0.28
$-0.07
Q2 25
$0.10
$0.03
Q1 25
$0.92
$-0.02
Q4 24
$-0.95
$-0.02
Q3 24
$0.05
$-0.11
Q2 24
$0.14
$-0.06

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
SWAG
SWAG
Cash + ST InvestmentsLiquidity on hand
$159.9M
$11.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$427.2M
$30.5M
Total Assets
$4.3B
$49.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
SWAG
SWAG
Q1 26
$159.9M
Q4 25
$143.6M
$11.6M
Q3 25
$63.9M
$11.8M
Q2 25
$94.1M
$18.1M
Q1 25
$57.0M
$12.2M
Q4 24
$64.5M
$18.2M
Q3 24
$77.3M
$6.9M
Q2 24
$66.6M
$9.6M
Stockholders' Equity
FRST
FRST
SWAG
SWAG
Q1 26
$427.2M
Q4 25
$422.9M
$30.5M
Q3 25
$382.2M
$30.2M
Q2 25
$376.4M
$31.8M
Q1 25
$375.6M
$31.3M
Q4 24
$351.8M
$31.6M
Q3 24
$381.0M
$32.3M
Q2 24
$376.0M
$34.3M
Total Assets
FRST
FRST
SWAG
SWAG
Q1 26
$4.3B
Q4 25
$4.0B
$49.3M
Q3 25
$4.0B
$50.3M
Q2 25
$3.9B
$61.2M
Q1 25
$3.7B
$52.2M
Q4 24
$3.7B
$55.1M
Q3 24
$4.0B
$48.8M
Q2 24
$4.0B
$46.6M

Cash Flow & Capital Efficiency

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

Metric
FRST
FRST
SWAG
SWAG
Operating Cash FlowLast quarter
$161.0K
Free Cash FlowOCF − Capex
$38.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.66×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
$10.8M
$161.0K
Q3 25
$-11.4M
$-5.4M
Q2 25
$-41.0M
$6.4M
Q1 25
$34.4M
$-5.9M
Q4 24
$19.5M
$1.3M
Q3 24
$6.1M
$-2.7M
Q2 24
$52.3M
$2.1M
Free Cash Flow
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
$9.0M
$38.0K
Q3 25
$-5.9M
Q2 25
$6.3M
Q1 25
$-6.0M
Q4 24
$18.3M
$1.2M
Q3 24
$-2.9M
Q2 24
$1.9M
FCF Margin
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
11.2%
0.1%
Q3 25
-22.6%
Q2 25
19.5%
Q1 25
-21.0%
Q4 24
47.3%
4.6%
Q3 24
-14.3%
Q2 24
11.6%
Capex Intensity
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
2.1%
0.4%
Q3 25
1.9%
Q2 25
0.2%
Q1 25
0.4%
Q4 24
3.1%
0.3%
Q3 24
0.0%
0.7%
Q2 24
0.0%
1.1%
Cash Conversion
FRST
FRST
SWAG
SWAG
Q1 26
Q4 25
0.36×
0.66×
Q3 25
-1.67×
Q2 25
-16.82×
9.99×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

SWAG
SWAG

Promotional Products Dropshipping$11.2M39%
Casino Continuity Program$6.9M24%
Promotional Products Company Owned Inventory$4.6M16%
Promotional Products Bulk Dropshipping$3.8M13%
Promotional Products Thirdparty Distributor$1.8M6%
Other$610.0K2%

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