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Side-by-side financial comparison of Fathom Holdings Inc. (FTHM) 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 $90.6M, roughly 1.4× Fathom Holdings Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -7.4%, a 8.9% gap on every dollar of revenue. On growth, Fathom Holdings Inc. posted the faster year-over-year revenue change (-1.2% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-20.7M). Over the past eight quarters, Fathom Holdings Inc.'s revenue compounded faster (13.4% CAGR vs -4.8%).

Fathom Holdings Inc. is a US-based real estate technology and services enterprise. It provides end-to-end solutions for real estate agents, brokers, and consumers, including digital transaction management tools, mortgage services, title insurance, and residential property brokerage services, covering most regional markets across the United States.

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

FTHM vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.4× larger
SWBI
$124.7M
$90.6M
FTHM
Growing faster (revenue YoY)
FTHM
FTHM
+2.6% gap
FTHM
-1.2%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
8.9% more per $
SWBI
1.5%
-7.4%
FTHM
More free cash flow
SWBI
SWBI
$36.9M more FCF
SWBI
$16.3M
$-20.7M
FTHM
Faster 2-yr revenue CAGR
FTHM
FTHM
Annualised
FTHM
13.4%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FTHM
FTHM
SWBI
SWBI
Revenue
$90.6M
$124.7M
Net Profit
$-6.7M
$1.9M
Gross Margin
24.3%
Operating Margin
-5.2%
3.3%
Net Margin
-7.4%
1.5%
Revenue YoY
-1.2%
-3.9%
Net Profit YoY
-7.7%
-53.6%
EPS (diluted)
$-0.20
$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
FTHM
FTHM
SWBI
SWBI
Q4 25
$90.6M
$124.7M
Q3 25
$115.3M
$85.1M
Q2 25
$121.4M
$140.8M
Q1 25
$93.1M
$115.9M
Q4 24
$91.7M
$129.7M
Q3 24
$83.7M
$88.3M
Q2 24
$89.2M
$159.1M
Q1 24
$70.5M
$137.5M
Net Profit
FTHM
FTHM
SWBI
SWBI
Q4 25
$-6.7M
$1.9M
Q3 25
$-4.4M
$-3.4M
Q2 25
$-3.6M
$8.6M
Q1 25
$-5.6M
$2.1M
Q4 24
$-6.2M
$4.5M
Q3 24
$-8.1M
$-1.9M
Q2 24
$-1.3M
$27.9M
Q1 24
$-5.9M
$7.9M
Gross Margin
FTHM
FTHM
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
FTHM
FTHM
SWBI
SWBI
Q4 25
-5.2%
3.3%
Q3 25
-3.5%
-3.5%
Q2 25
-2.0%
9.3%
Q1 25
-4.8%
4.1%
Q4 24
-7.0%
5.8%
Q3 24
-9.3%
-1.7%
Q2 24
-4.1%
17.4%
Q1 24
-8.0%
8.2%
Net Margin
FTHM
FTHM
SWBI
SWBI
Q4 25
-7.4%
1.5%
Q3 25
-3.8%
-4.0%
Q2 25
-3.0%
6.1%
Q1 25
-6.1%
1.8%
Q4 24
-6.8%
3.5%
Q3 24
-9.7%
-2.1%
Q2 24
-1.5%
17.5%
Q1 24
-8.4%
5.7%
EPS (diluted)
FTHM
FTHM
SWBI
SWBI
Q4 25
$-0.20
$0.04
Q3 25
$-0.15
$-0.08
Q2 25
$-0.13
$0.19
Q1 25
$-0.24
$0.05
Q4 24
$-0.29
$0.10
Q3 24
$-0.40
$-0.04
Q2 24
$-0.07
$0.60
Q1 24
$-0.31
$0.17

Balance Sheet & Financial Strength

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

Metric
FTHM
FTHM
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$5.8M
$22.4M
Total DebtLower is stronger
$5.6M
Stockholders' EquityBook value
$37.4M
$363.2M
Total Assets
$78.0M
$548.6M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTHM
FTHM
SWBI
SWBI
Q4 25
$5.8M
$22.4M
Q3 25
$9.8M
$18.0M
Q2 25
$4.9M
$25.2M
Q1 25
$8.0M
$26.7M
Q4 24
$7.1M
$39.1M
Q3 24
$13.1M
$35.5M
Q2 24
$10.4M
$60.8M
Q1 24
$5.7M
$47.4M
Total Debt
FTHM
FTHM
SWBI
SWBI
Q4 25
$5.6M
Q3 25
$5.1M
Q2 25
$5.1M
Q1 25
$5.1M
Q4 24
$9.5M
Q3 24
$8.8M
Q2 24
$3.6M
Q1 24
$3.7M
Stockholders' Equity
FTHM
FTHM
SWBI
SWBI
Q4 25
$37.4M
$363.2M
Q3 25
$43.4M
$364.4M
Q2 25
$40.7M
$372.5M
Q1 25
$43.4M
$366.9M
Q4 24
$44.7M
$371.5M
Q3 24
$47.1M
$380.0M
Q2 24
$53.1M
$399.9M
Q1 24
$51.9M
$376.4M
Total Assets
FTHM
FTHM
SWBI
SWBI
Q4 25
$78.0M
$548.6M
Q3 25
$83.2M
$554.6M
Q2 25
$80.4M
$559.6M
Q1 25
$81.0M
$578.9M
Q4 24
$75.4M
$587.4M
Q3 24
$80.9M
$571.3M
Q2 24
$80.2M
$577.4M
Q1 24
$78.2M
$570.6M
Debt / Equity
FTHM
FTHM
SWBI
SWBI
Q4 25
0.15×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.21×
Q3 24
0.19×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
FTHM
FTHM
SWBI
SWBI
Operating Cash FlowLast quarter
$-20.5M
$27.3M
Free Cash FlowOCF − Capex
$-20.7M
$16.3M
FCF MarginFCF / Revenue
-22.8%
13.1%
Capex IntensityCapex / Revenue
0.1%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$-29.4M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTHM
FTHM
SWBI
SWBI
Q4 25
$-20.5M
$27.3M
Q3 25
$3.0M
$-8.1M
Q2 25
$-5.9M
$40.8M
Q1 25
$-5.7M
$-9.8M
Q4 24
$-4.7M
$-7.4M
Q3 24
$-330.0K
$-30.8M
Q2 24
$-3.1M
$43.7M
Q1 24
$-947.0K
$25.2M
Free Cash Flow
FTHM
FTHM
SWBI
SWBI
Q4 25
$-20.7M
$16.3M
Q3 25
$3.0M
$-12.4M
Q2 25
$-6.0M
$33.5M
Q1 25
$-5.8M
$-16.1M
Q4 24
$-4.7M
$-10.7M
Q3 24
$-364.0K
$-35.5M
Q2 24
$-3.1M
$38.2M
Q1 24
$-948.0K
$7.0M
FCF Margin
FTHM
FTHM
SWBI
SWBI
Q4 25
-22.8%
13.1%
Q3 25
2.6%
-14.6%
Q2 25
-4.9%
23.8%
Q1 25
-6.2%
-13.9%
Q4 24
-5.2%
-8.3%
Q3 24
-0.4%
-40.2%
Q2 24
-3.5%
24.0%
Q1 24
-1.3%
5.1%
Capex Intensity
FTHM
FTHM
SWBI
SWBI
Q4 25
0.1%
8.8%
Q3 25
0.0%
5.0%
Q2 25
0.0%
5.2%
Q1 25
0.0%
5.4%
Q4 24
0.1%
2.5%
Q3 24
0.0%
5.3%
Q2 24
0.0%
3.5%
Q1 24
0.0%
13.2%
Cash Conversion
FTHM
FTHM
SWBI
SWBI
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

FTHM
FTHM

Real Estate Brokerage$84.9M94%
Mortgage Segment$3.4M4%
Other$2.3M3%

SWBI
SWBI

Segment breakdown not available.

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