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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.2× Granite Ridge Resources, Inc.). On growth, Granite Ridge Resources, Inc. posted the faster year-over-year revenue change (-0.8% vs -3.9%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs -4.8%).

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

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

GRNT vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.2× larger
SWBI
$124.7M
$105.5M
GRNT
Growing faster (revenue YoY)
GRNT
GRNT
+3.1% gap
GRNT
-0.8%
-3.9%
SWBI
Faster 2-yr revenue CAGR
GRNT
GRNT
Annualised
GRNT
8.9%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
GRNT
GRNT
SWBI
SWBI
Revenue
$105.5M
$124.7M
Net Profit
$1.9M
Gross Margin
24.3%
Operating Margin
-34.5%
3.3%
Net Margin
1.5%
Revenue YoY
-0.8%
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$-0.19
$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
GRNT
GRNT
SWBI
SWBI
Q4 25
$105.5M
$124.7M
Q3 25
$112.7M
$85.1M
Q2 25
$109.2M
$140.8M
Q1 25
$122.9M
$115.9M
Q4 24
$106.3M
$129.7M
Q3 24
$94.1M
$88.3M
Q2 24
$90.7M
$159.1M
Q1 24
$89.0M
$137.5M
Net Profit
GRNT
GRNT
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$14.5M
$-3.4M
Q2 25
$25.1M
$8.6M
Q1 25
$9.8M
$2.1M
Q4 24
$4.5M
Q3 24
$9.1M
$-1.9M
Q2 24
$5.1M
$27.9M
Q1 24
$16.2M
$7.9M
Gross Margin
GRNT
GRNT
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
GRNT
GRNT
SWBI
SWBI
Q4 25
-34.5%
3.3%
Q3 25
17.4%
-3.5%
Q2 25
19.0%
9.3%
Q1 25
34.6%
4.1%
Q4 24
-6.5%
5.8%
Q3 24
26.2%
-1.7%
Q2 24
24.1%
17.4%
Q1 24
22.0%
8.2%
Net Margin
GRNT
GRNT
SWBI
SWBI
Q4 25
1.5%
Q3 25
12.9%
-4.0%
Q2 25
23.0%
6.1%
Q1 25
8.0%
1.8%
Q4 24
3.5%
Q3 24
9.6%
-2.1%
Q2 24
5.6%
17.5%
Q1 24
18.2%
5.7%
EPS (diluted)
GRNT
GRNT
SWBI
SWBI
Q4 25
$-0.19
$0.04
Q3 25
$0.11
$-0.08
Q2 25
$0.19
$0.19
Q1 25
$0.07
$0.05
Q4 24
$-0.09
$0.10
Q3 24
$0.07
$-0.04
Q2 24
$0.04
$0.60
Q1 24
$0.12
$0.17

Balance Sheet & Financial Strength

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

Metric
GRNT
GRNT
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
$367.8M
Stockholders' EquityBook value
$605.8M
$363.2M
Total Assets
$1.2B
$548.6M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRNT
GRNT
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Total Debt
GRNT
GRNT
SWBI
SWBI
Q4 25
$367.8M
Q3 25
$300.0M
Q2 25
$275.0M
Q1 25
$250.0M
Q4 24
$205.0M
Q3 24
Q2 24
Q1 24
$137.5M
Stockholders' Equity
GRNT
GRNT
SWBI
SWBI
Q4 25
$605.8M
$363.2M
Q3 25
$643.9M
$364.4M
Q2 25
$642.5M
$372.5M
Q1 25
$631.4M
$366.9M
Q4 24
$635.4M
$371.5M
Q3 24
$660.6M
$380.0M
Q2 24
$665.3M
$399.9M
Q1 24
$674.0M
$376.4M
Total Assets
GRNT
GRNT
SWBI
SWBI
Q4 25
$1.2B
$548.6M
Q3 25
$1.1B
$554.6M
Q2 25
$1.1B
$559.6M
Q1 25
$1.1B
$578.9M
Q4 24
$1.0B
$587.4M
Q3 24
$1.0B
$571.3M
Q2 24
$990.5M
$577.4M
Q1 24
$966.7M
$570.6M
Debt / Equity
GRNT
GRNT
SWBI
SWBI
Q4 25
0.61×
Q3 25
0.47×
Q2 25
0.43×
Q1 25
0.40×
Q4 24
0.32×
Q3 24
Q2 24
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
GRNT
GRNT
SWBI
SWBI
Operating Cash FlowLast quarter
$64.5M
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
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
GRNT
GRNT
SWBI
SWBI
Q4 25
$64.5M
$27.3M
Q3 25
$77.8M
$-8.1M
Q2 25
$78.0M
$40.8M
Q1 25
$76.1M
$-9.8M
Q4 24
$68.2M
$-7.4M
Q3 24
$74.7M
$-30.8M
Q2 24
$64.2M
$43.7M
Q1 24
$68.7M
$25.2M
Free Cash Flow
GRNT
GRNT
SWBI
SWBI
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
FCF Margin
GRNT
GRNT
SWBI
SWBI
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%
Capex Intensity
GRNT
GRNT
SWBI
SWBI
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%
Cash Conversion
GRNT
GRNT
SWBI
SWBI
Q4 25
14.22×
Q3 25
5.36×
Q2 25
3.11×
4.73×
Q1 25
7.75×
-4.68×
Q4 24
-1.63×
Q3 24
8.25×
Q2 24
12.58×
1.57×
Q1 24
4.23×
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRNT
GRNT

Oil And Gas Service$87.6M83%
Natural Gas Storage$17.9M17%

SWBI
SWBI

Segment breakdown not available.

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