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Side-by-side financial comparison of Gitlab Inc. (GTLB) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Gitlab Inc. is the larger business by last-quarter revenue ($244.4M vs $124.7M, roughly 2.0× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -3.4%, a 4.9% gap on every dollar of revenue. On growth, Gitlab Inc. posted the faster year-over-year revenue change (24.6% vs -3.9%). Gitlab Inc. produced more free cash flow last quarter ($28.4M vs $16.3M). Over the past eight quarters, Gitlab Inc.'s revenue compounded faster (22.1% CAGR vs -4.8%).
GitLab Inc. is an American company that operates and develops GitLab, an open-core DevOps software package that can develop, secure, and operate software. GitLab includes a distributed version control system based on Git, including features such as access control, bug tracking, software feature requests, task management, and wikis for every project, as well as snippets.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
GTLB vs SWBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $244.4M | $124.7M |
| Net Profit | $-8.3M | $1.9M |
| Gross Margin | 86.8% | 24.3% |
| Operating Margin | -5.1% | 3.3% |
| Net Margin | -3.4% | 1.5% |
| Revenue YoY | 24.6% | -3.9% |
| Net Profit YoY | -128.0% | -53.6% |
| EPS (diluted) | $-0.05 | $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 | $244.4M | $124.7M | ||
| Q3 25 | $236.0M | $85.1M | ||
| Q2 25 | $214.5M | $140.8M | ||
| Q1 25 | $211.4M | $115.9M | ||
| Q4 24 | $196.0M | $129.7M | ||
| Q3 24 | $182.6M | $88.3M | ||
| Q2 24 | $169.2M | $159.1M | ||
| Q1 24 | $163.8M | $137.5M |
| Q4 25 | $-8.3M | $1.9M | ||
| Q3 25 | $-9.2M | $-3.4M | ||
| Q2 25 | $-35.9M | $8.6M | ||
| Q1 25 | $5.8M | $2.1M | ||
| Q4 24 | $29.6M | $4.5M | ||
| Q3 24 | $12.9M | $-1.9M | ||
| Q2 24 | $-54.6M | $27.9M | ||
| Q1 24 | $-36.5M | $7.9M |
| Q4 25 | 86.8% | 24.3% | ||
| Q3 25 | 87.9% | 25.9% | ||
| Q2 25 | 88.3% | 28.8% | ||
| Q1 25 | 89.2% | 24.1% | ||
| Q4 24 | 88.7% | 26.6% | ||
| Q3 24 | 88.3% | 27.4% | ||
| Q2 24 | 88.9% | 35.5% | ||
| Q1 24 | 90.2% | 28.7% |
| Q4 25 | -5.1% | 3.3% | ||
| Q3 25 | -7.8% | -3.5% | ||
| Q2 25 | -16.1% | 9.3% | ||
| Q1 25 | -9.1% | 4.1% | ||
| Q4 24 | -14.7% | 5.8% | ||
| Q3 24 | -22.5% | -1.7% | ||
| Q2 24 | -31.7% | 17.4% | ||
| Q1 24 | -21.3% | 8.2% |
| Q4 25 | -3.4% | 1.5% | ||
| Q3 25 | -3.9% | -4.0% | ||
| Q2 25 | -16.7% | 6.1% | ||
| Q1 25 | 2.7% | 1.8% | ||
| Q4 24 | 15.1% | 3.5% | ||
| Q3 24 | 7.1% | -2.1% | ||
| Q2 24 | -32.3% | 17.5% | ||
| Q1 24 | -22.3% | 5.7% |
| Q4 25 | $-0.05 | $0.04 | ||
| Q3 25 | $-0.06 | $-0.08 | ||
| Q2 25 | $-0.22 | $0.19 | ||
| Q1 25 | $0.05 | $0.05 | ||
| Q4 24 | $0.18 | $0.10 | ||
| Q3 24 | $0.08 | $-0.04 | ||
| Q2 24 | $-0.35 | $0.60 | ||
| Q1 24 | $-0.23 | $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 | $224.2M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $922.7M | $363.2M |
| Total Assets | $1.6B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $224.2M | $22.4M | ||
| Q3 25 | $261.4M | $18.0M | ||
| Q2 25 | $255.7M | $25.2M | ||
| Q1 25 | $227.6M | $26.7M | ||
| Q4 24 | $176.6M | $39.1M | ||
| Q3 24 | $438.6M | $35.5M | ||
| Q2 24 | $420.3M | $60.8M | ||
| Q1 24 | $288.0M | $47.4M |
| Q4 25 | $922.7M | $363.2M | ||
| Q3 25 | $866.6M | $364.4M | ||
| Q2 25 | $808.3M | $372.5M | ||
| Q1 25 | $775.9M | $366.9M | ||
| Q4 24 | $724.7M | $371.5M | ||
| Q3 24 | $642.8M | $380.0M | ||
| Q2 24 | $567.8M | $399.9M | ||
| Q1 24 | $571.2M | $376.4M |
| Q4 25 | $1.6B | $548.6M | ||
| Q3 25 | $1.5B | $554.6M | ||
| Q2 25 | $1.4B | $559.6M | ||
| Q1 25 | $1.4B | $578.9M | ||
| Q4 24 | $1.3B | $587.4M | ||
| Q3 24 | $1.4B | $571.3M | ||
| Q2 24 | $1.3B | $577.4M | ||
| Q1 24 | $1.3B | $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 | $31.4M | $27.3M |
| Free Cash FlowOCF − Capex | $28.4M | $16.3M |
| FCF MarginFCF / Revenue | 11.6% | 13.1% |
| Capex IntensityCapex / Revenue | 1.2% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $242.3M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.4M | $27.3M | ||
| Q3 25 | $49.4M | $-8.1M | ||
| Q2 25 | $106.3M | $40.8M | ||
| Q1 25 | $63.2M | $-9.8M | ||
| Q4 24 | $-177.0M | $-7.4M | ||
| Q3 24 | $11.7M | $-30.8M | ||
| Q2 24 | $38.1M | $43.7M | ||
| Q1 24 | $24.9M | $25.2M |
| Q4 25 | $28.4M | $16.3M | ||
| Q3 25 | $46.5M | $-12.4M | ||
| Q2 25 | $105.4M | $33.5M | ||
| Q1 25 | $62.1M | $-16.1M | ||
| Q4 24 | $-178.1M | $-10.7M | ||
| Q3 24 | $10.8M | $-35.5M | ||
| Q2 24 | $37.4M | $38.2M | ||
| Q1 24 | $24.5M | $7.0M |
| Q4 25 | 11.6% | 13.1% | ||
| Q3 25 | 19.7% | -14.6% | ||
| Q2 25 | 49.1% | 23.8% | ||
| Q1 25 | 29.4% | -13.9% | ||
| Q4 24 | -90.8% | -8.3% | ||
| Q3 24 | 5.9% | -40.2% | ||
| Q2 24 | 22.1% | 24.0% | ||
| Q1 24 | 15.0% | 5.1% |
| Q4 25 | 1.2% | 8.8% | ||
| Q3 25 | 1.2% | 5.0% | ||
| Q2 25 | 0.4% | 5.2% | ||
| Q1 25 | 0.5% | 5.4% | ||
| Q4 24 | 0.5% | 2.5% | ||
| Q3 24 | 0.5% | 5.3% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.2% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | 10.89× | -4.68× | ||
| Q4 24 | -5.99× | -1.63× | ||
| Q3 24 | 0.90× | — | ||
| 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
GTLB
| Subscription And Circulation | $146.4M | 60% |
| Subscription Software As A Service | $76.9M | 31% |
| License | $15.5M | 6% |
| Professional Services And Other | $5.6M | 2% |
SWBI
Segment breakdown not available.
