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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) 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 $117.0M, roughly 1.1× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 1.5%, a 39.7% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -15.1%). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -11.1%).
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
GNL vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $124.7M |
| Net Profit | $48.2M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 94.7% | 3.3% |
| Net Margin | 41.2% | 1.5% |
| Revenue YoY | -15.1% | -3.9% |
| Net Profit YoY | 838.7% | -53.6% |
| EPS (diluted) | $0.14 | $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 | $117.0M | $124.7M | ||
| Q3 25 | $121.0M | $85.1M | ||
| Q2 25 | $124.9M | $140.8M | ||
| Q1 25 | $132.4M | $115.9M | ||
| Q4 24 | $137.8M | $129.7M | ||
| Q3 24 | $138.7M | $88.3M | ||
| Q2 24 | $145.5M | $159.1M | ||
| Q1 24 | $147.9M | $137.5M |
| Q4 25 | $48.2M | $1.9M | ||
| Q3 25 | $-60.1M | $-3.4M | ||
| Q2 25 | $-24.1M | $8.6M | ||
| Q1 25 | $-189.4M | $2.1M | ||
| Q4 24 | $-6.5M | $4.5M | ||
| Q3 24 | $-65.6M | $-1.9M | ||
| Q2 24 | $-35.7M | $27.9M | ||
| Q1 24 | $-23.8M | $7.9M |
| 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% |
| Q4 25 | 94.7% | 3.3% | ||
| Q3 25 | -11.7% | -3.5% | ||
| Q2 25 | 33.9% | 9.3% | ||
| Q1 25 | -21.1% | 4.1% | ||
| Q4 24 | 40.8% | 5.8% | ||
| Q3 24 | 9.3% | -1.7% | ||
| Q2 24 | 42.6% | 17.4% | ||
| Q1 24 | 38.6% | 8.2% |
| Q4 25 | 41.2% | 1.5% | ||
| Q3 25 | -49.7% | -4.0% | ||
| Q2 25 | -19.3% | 6.1% | ||
| Q1 25 | -143.0% | 1.8% | ||
| Q4 24 | -4.7% | 3.5% | ||
| Q3 24 | -47.3% | -2.1% | ||
| Q2 24 | -24.5% | 17.5% | ||
| Q1 24 | -16.1% | 5.7% |
| Q4 25 | $0.14 | $0.04 | ||
| Q3 25 | $-0.32 | $-0.08 | ||
| Q2 25 | $-0.16 | $0.19 | ||
| Q1 25 | $-0.87 | $0.05 | ||
| Q4 24 | $-0.08 | $0.10 | ||
| Q3 24 | $-0.33 | $-0.04 | ||
| Q2 24 | $-0.20 | $0.60 | ||
| Q1 24 | $-0.15 | $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 | $180.1M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $363.2M |
| Total Assets | $4.3B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $22.4M | ||
| Q3 25 | $165.1M | $18.0M | ||
| Q2 25 | $144.8M | $25.2M | ||
| Q1 25 | $147.0M | $26.7M | ||
| Q4 24 | $159.7M | $39.1M | ||
| Q3 24 | $127.2M | $35.5M | ||
| Q2 24 | $122.2M | $60.8M | ||
| Q1 24 | $131.9M | $47.4M |
| Q4 25 | $1.7B | $363.2M | ||
| Q3 25 | $1.7B | $364.4M | ||
| Q2 25 | $1.8B | $372.5M | ||
| Q1 25 | $1.9B | $366.9M | ||
| Q4 24 | $2.2B | $371.5M | ||
| Q3 24 | $2.3B | $380.0M | ||
| Q2 24 | $2.4B | $399.9M | ||
| Q1 24 | $2.5B | $376.4M |
| Q4 25 | $4.3B | $548.6M | ||
| Q3 25 | $4.8B | $554.6M | ||
| Q2 25 | $5.0B | $559.6M | ||
| Q1 25 | $5.8B | $578.9M | ||
| Q4 24 | $7.0B | $587.4M | ||
| Q3 24 | $7.3B | $571.3M | ||
| Q2 24 | $7.6B | $577.4M | ||
| Q1 24 | $8.0B | $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 | $222.8M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 4.62× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $27.3M | ||
| Q3 25 | $56.0M | $-8.1M | ||
| Q2 25 | $52.0M | $40.8M | ||
| Q1 25 | $59.2M | $-9.8M | ||
| Q4 24 | $299.5M | $-7.4M | ||
| Q3 24 | $62.1M | $-30.8M | ||
| Q2 24 | $70.4M | $43.7M | ||
| Q1 24 | $92.2M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | 4.62× | 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
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
SWBI
Segment breakdown not available.
