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Side-by-side financial comparison of Fastly, Inc. (FSLY) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $124.7M, roughly 1.4× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -9.0%, a 10.5% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $12.2M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs -4.8%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
FSLY vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $124.7M |
| Net Profit | $-15.5M | $1.9M |
| Gross Margin | 61.4% | 24.3% |
| Operating Margin | -8.7% | 3.3% |
| Net Margin | -9.0% | 1.5% |
| Revenue YoY | 22.8% | -3.9% |
| Net Profit YoY | 52.9% | -53.6% |
| EPS (diluted) | $-0.10 | $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.
| Q4 25 | $172.6M | $124.7M | ||
| Q3 25 | $158.2M | $85.1M | ||
| Q2 25 | $148.7M | $140.8M | ||
| Q1 25 | $144.5M | $115.9M | ||
| Q4 24 | $140.6M | $129.7M | ||
| Q3 24 | $137.2M | $88.3M | ||
| Q2 24 | $132.4M | $159.1M | ||
| Q1 24 | $133.5M | $137.5M |
| Q4 25 | $-15.5M | $1.9M | ||
| Q3 25 | $-29.5M | $-3.4M | ||
| Q2 25 | $-37.5M | $8.6M | ||
| Q1 25 | $-39.1M | $2.1M | ||
| Q4 24 | $-32.9M | $4.5M | ||
| Q3 24 | $-38.0M | $-1.9M | ||
| Q2 24 | $-43.7M | $27.9M | ||
| Q1 24 | $-43.4M | $7.9M |
| Q4 25 | 61.4% | 24.3% | ||
| Q3 25 | 58.4% | 25.9% | ||
| Q2 25 | 54.5% | 28.8% | ||
| Q1 25 | 53.2% | 24.1% | ||
| Q4 24 | 53.4% | 26.6% | ||
| Q3 24 | 54.5% | 27.4% | ||
| Q2 24 | 55.1% | 35.5% | ||
| Q1 24 | 54.8% | 28.7% |
| Q4 25 | -8.7% | 3.3% | ||
| Q3 25 | -18.2% | -3.5% | ||
| Q2 25 | -24.8% | 9.3% | ||
| Q1 25 | -26.4% | 4.1% | ||
| Q4 24 | -24.4% | 5.8% | ||
| Q3 24 | -29.6% | -1.7% | ||
| Q2 24 | -35.3% | 17.4% | ||
| Q1 24 | -34.6% | 8.2% |
| Q4 25 | -9.0% | 1.5% | ||
| Q3 25 | -18.6% | -4.0% | ||
| Q2 25 | -25.2% | 6.1% | ||
| Q1 25 | -27.1% | 1.8% | ||
| Q4 24 | -23.4% | 3.5% | ||
| Q3 24 | -27.7% | -2.1% | ||
| Q2 24 | -33.0% | 17.5% | ||
| Q1 24 | -32.5% | 5.7% |
| Q4 25 | $-0.10 | $0.04 | ||
| Q3 25 | $-0.20 | $-0.08 | ||
| Q2 25 | $-0.26 | $0.19 | ||
| Q1 25 | $-0.27 | $0.05 | ||
| Q4 24 | $-0.23 | $0.10 | ||
| Q3 24 | $-0.27 | $-0.04 | ||
| Q2 24 | $-0.32 | $0.60 | ||
| Q1 24 | $-0.32 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $361.8M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $363.2M |
| Total Assets | $1.5B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $22.4M | ||
| Q3 25 | $342.9M | $18.0M | ||
| Q2 25 | $321.2M | $25.2M | ||
| Q1 25 | $307.3M | $26.7M | ||
| Q4 24 | $295.9M | $39.1M | ||
| Q3 24 | $308.2M | $35.5M | ||
| Q2 24 | $311.8M | $60.8M | ||
| Q1 24 | $329.5M | $47.4M |
| Q4 25 | $929.6M | $363.2M | ||
| Q3 25 | $937.0M | $364.4M | ||
| Q2 25 | $942.6M | $372.5M | ||
| Q1 25 | $957.0M | $366.9M | ||
| Q4 24 | $965.3M | $371.5M | ||
| Q3 24 | $969.5M | $380.0M | ||
| Q2 24 | $981.2M | $399.9M | ||
| Q1 24 | $991.8M | $376.4M |
| Q4 25 | $1.5B | $548.6M | ||
| Q3 25 | $1.5B | $554.6M | ||
| Q2 25 | $1.5B | $559.6M | ||
| Q1 25 | $1.4B | $578.9M | ||
| Q4 24 | $1.5B | $587.4M | ||
| Q3 24 | $1.5B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $22.4M | $27.3M |
| Free Cash FlowOCF − Capex | $12.2M | $16.3M |
| FCF MarginFCF / Revenue | 7.1% | 13.1% |
| Capex IntensityCapex / Revenue | 5.9% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $27.3M | ||
| Q3 25 | $28.9M | $-8.1M | ||
| Q2 25 | $25.8M | $40.8M | ||
| Q1 25 | $17.3M | $-9.8M | ||
| Q4 24 | $5.2M | $-7.4M | ||
| Q3 24 | $5.0M | $-30.8M | ||
| Q2 24 | $-4.9M | $43.7M | ||
| Q1 24 | $11.1M | $25.2M |
| Q4 25 | $12.2M | $16.3M | ||
| Q3 25 | $22.9M | $-12.4M | ||
| Q2 25 | $15.9M | $33.5M | ||
| Q1 25 | $14.7M | $-16.1M | ||
| Q4 24 | $251.0K | $-10.7M | ||
| Q3 24 | $3.0M | $-35.5M | ||
| Q2 24 | $-6.7M | $38.2M | ||
| Q1 24 | $9.5M | $7.0M |
| Q4 25 | 7.1% | 13.1% | ||
| Q3 25 | 14.5% | -14.6% | ||
| Q2 25 | 10.7% | 23.8% | ||
| Q1 25 | 10.2% | -13.9% | ||
| Q4 24 | 0.2% | -8.3% | ||
| Q3 24 | 2.2% | -40.2% | ||
| Q2 24 | -5.1% | 24.0% | ||
| Q1 24 | 7.1% | 5.1% |
| Q4 25 | 5.9% | 8.8% | ||
| Q3 25 | 3.8% | 5.0% | ||
| Q2 25 | 6.6% | 5.2% | ||
| Q1 25 | 1.8% | 5.4% | ||
| Q4 24 | 3.5% | 2.5% | ||
| Q3 24 | 1.5% | 5.3% | ||
| Q2 24 | 1.3% | 3.5% | ||
| Q1 24 | 1.2% | 13.2% |
| Q4 25 | — | 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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
SWBI
Segment breakdown not available.
