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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) 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 $98.7M, roughly 1.3× GCL Global Holdings Ltd). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -5.2%, a 6.7% gap on every dollar of revenue. SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-5.2M).

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

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

GCL vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.3× larger
SWBI
$124.7M
$98.7M
GCL
Higher net margin
SWBI
SWBI
6.7% more per $
SWBI
1.5%
-5.2%
GCL
More free cash flow
SWBI
SWBI
$21.5M more FCF
SWBI
$16.3M
$-5.2M
GCL

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
GCL
GCL
SWBI
SWBI
Revenue
$98.7M
$124.7M
Net Profit
$-5.1M
$1.9M
Gross Margin
11.0%
24.3%
Operating Margin
-6.7%
3.3%
Net Margin
-5.2%
1.5%
Revenue YoY
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$-0.04
$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
GCL
GCL
SWBI
SWBI
Q4 25
$124.7M
Q3 25
$98.7M
$85.1M
Q2 25
$142.1M
$140.8M
Q1 25
$115.9M
Q4 24
$129.7M
Q3 24
$36.1M
$88.3M
Q2 24
$159.1M
Q1 24
$137.5M
Net Profit
GCL
GCL
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$-5.1M
$-3.4M
Q2 25
$5.6M
$8.6M
Q1 25
$2.1M
Q4 24
$4.5M
Q3 24
$-1.9M
$-1.9M
Q2 24
$27.9M
Q1 24
$7.9M
Gross Margin
GCL
GCL
SWBI
SWBI
Q4 25
24.3%
Q3 25
11.0%
25.9%
Q2 25
15.0%
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
16.2%
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
GCL
GCL
SWBI
SWBI
Q4 25
3.3%
Q3 25
-6.7%
-3.5%
Q2 25
2.3%
9.3%
Q1 25
4.1%
Q4 24
5.8%
Q3 24
-5.6%
-1.7%
Q2 24
17.4%
Q1 24
8.2%
Net Margin
GCL
GCL
SWBI
SWBI
Q4 25
1.5%
Q3 25
-5.2%
-4.0%
Q2 25
3.9%
6.1%
Q1 25
1.8%
Q4 24
3.5%
Q3 24
-5.2%
-2.1%
Q2 24
17.5%
Q1 24
5.7%
EPS (diluted)
GCL
GCL
SWBI
SWBI
Q4 25
$0.04
Q3 25
$-0.04
$-0.08
Q2 25
$0.05
$0.19
Q1 25
$0.05
Q4 24
$0.10
Q3 24
$-0.04
Q2 24
$0.60
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$16.6M
$22.4M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$33.1M
$363.2M
Total Assets
$159.9M
$548.6M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$16.6M
$18.0M
Q2 25
$18.2M
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$2.7M
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Total Debt
GCL
GCL
SWBI
SWBI
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GCL
GCL
SWBI
SWBI
Q4 25
$363.2M
Q3 25
$33.1M
$364.4M
Q2 25
$35.9M
$372.5M
Q1 25
$366.9M
Q4 24
$371.5M
Q3 24
$15.9M
$380.0M
Q2 24
$399.9M
Q1 24
$376.4M
Total Assets
GCL
GCL
SWBI
SWBI
Q4 25
$548.6M
Q3 25
$159.9M
$554.6M
Q2 25
$101.6M
$559.6M
Q1 25
$578.9M
Q4 24
$587.4M
Q3 24
$49.6M
$571.3M
Q2 24
$577.4M
Q1 24
$570.6M
Debt / Equity
GCL
GCL
SWBI
SWBI
Q4 25
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
GCL
GCL
SWBI
SWBI
Operating Cash FlowLast quarter
$-4.8M
$27.3M
Free Cash FlowOCF − Capex
$-5.2M
$16.3M
FCF MarginFCF / Revenue
-5.3%
13.1%
Capex IntensityCapex / Revenue
0.4%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
SWBI
SWBI
Q4 25
$27.3M
Q3 25
$-4.8M
$-8.1M
Q2 25
$-10.3M
$40.8M
Q1 25
$-9.8M
Q4 24
$-7.4M
Q3 24
$6.1M
$-30.8M
Q2 24
$43.7M
Q1 24
$25.2M
Free Cash Flow
GCL
GCL
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$-5.2M
$-12.4M
Q2 25
$-10.5M
$33.5M
Q1 25
$-16.1M
Q4 24
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
Q1 24
$7.0M
FCF Margin
GCL
GCL
SWBI
SWBI
Q4 25
13.1%
Q3 25
-5.3%
-14.6%
Q2 25
-7.4%
23.8%
Q1 25
-13.9%
Q4 24
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Q1 24
5.1%
Capex Intensity
GCL
GCL
SWBI
SWBI
Q4 25
8.8%
Q3 25
0.4%
5.0%
Q2 25
0.1%
5.2%
Q1 25
5.4%
Q4 24
2.5%
Q3 24
5.3%
Q2 24
3.5%
Q1 24
13.2%
Cash Conversion
GCL
GCL
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
-1.84×
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.

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