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Side-by-side financial comparison of Honest Company, Inc. (HNST) 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 $88.0M, roughly 1.4× Honest Company, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -26.8%, a 28.3% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -11.8%). Honest Company, Inc. produced more free cash flow last quarter ($18.1M vs $16.3M). Over the past eight quarters, Honest Company, Inc.'s revenue compounded faster (1.0% CAGR vs -4.8%).
The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
HNST vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.0M | $124.7M |
| Net Profit | $-23.6M | $1.9M |
| Gross Margin | 15.7% | 24.3% |
| Operating Margin | -27.5% | 3.3% |
| Net Margin | -26.8% | 1.5% |
| Revenue YoY | -11.8% | -3.9% |
| Net Profit YoY | -2813.2% | -53.6% |
| EPS (diluted) | $-0.21 | $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 | $88.0M | $124.7M | ||
| Q3 25 | $92.6M | $85.1M | ||
| Q2 25 | $93.5M | $140.8M | ||
| Q1 25 | $97.3M | $115.9M | ||
| Q4 24 | $99.8M | $129.7M | ||
| Q3 24 | $99.2M | $88.3M | ||
| Q2 24 | $93.0M | $159.1M | ||
| Q1 24 | $86.2M | $137.5M |
| Q4 25 | $-23.6M | $1.9M | ||
| Q3 25 | $758.0K | $-3.4M | ||
| Q2 25 | $3.9M | $8.6M | ||
| Q1 25 | $3.3M | $2.1M | ||
| Q4 24 | $-809.0K | $4.5M | ||
| Q3 24 | $165.0K | $-1.9M | ||
| Q2 24 | $-4.1M | $27.9M | ||
| Q1 24 | $-1.4M | $7.9M |
| Q4 25 | 15.7% | 24.3% | ||
| Q3 25 | 37.3% | 25.9% | ||
| Q2 25 | 40.4% | 28.8% | ||
| Q1 25 | 38.7% | 24.1% | ||
| Q4 24 | 38.8% | 26.6% | ||
| Q3 24 | 38.7% | 27.4% | ||
| Q2 24 | 38.3% | 35.5% | ||
| Q1 24 | 37.0% | 28.7% |
| Q4 25 | -27.5% | 3.3% | ||
| Q3 25 | 0.3% | -3.5% | ||
| Q2 25 | 3.1% | 9.3% | ||
| Q1 25 | 2.6% | 4.1% | ||
| Q4 24 | -1.0% | 5.8% | ||
| Q3 24 | 0.1% | -1.7% | ||
| Q2 24 | -4.3% | 17.4% | ||
| Q1 24 | -1.5% | 8.2% |
| Q4 25 | -26.8% | 1.5% | ||
| Q3 25 | 0.8% | -4.0% | ||
| Q2 25 | 4.1% | 6.1% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | -0.8% | 3.5% | ||
| Q3 24 | 0.2% | -2.1% | ||
| Q2 24 | -4.4% | 17.5% | ||
| Q1 24 | -1.6% | 5.7% |
| Q4 25 | $-0.21 | $0.04 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $0.03 | $0.19 | ||
| Q1 25 | $0.03 | $0.05 | ||
| Q4 24 | $-0.01 | $0.10 | ||
| Q3 24 | $0.00 | $-0.04 | ||
| Q2 24 | $-0.04 | $0.60 | ||
| Q1 24 | $-0.01 | $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 | $89.6M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $169.7M | $363.2M |
| Total Assets | $225.4M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $89.6M | $22.4M | ||
| Q3 25 | $71.5M | $18.0M | ||
| Q2 25 | $72.1M | $25.2M | ||
| Q1 25 | $72.8M | $26.7M | ||
| Q4 24 | $75.4M | $39.1M | ||
| Q3 24 | $53.4M | $35.5M | ||
| Q2 24 | $36.6M | $60.8M | ||
| Q1 24 | $33.6M | $47.4M |
| Q4 25 | $169.7M | $363.2M | ||
| Q3 25 | $190.2M | $364.4M | ||
| Q2 25 | $187.0M | $372.5M | ||
| Q1 25 | $180.4M | $366.9M | ||
| Q4 24 | $174.3M | $371.5M | ||
| Q3 24 | $133.9M | $380.0M | ||
| Q2 24 | $129.7M | $399.9M | ||
| Q1 24 | $124.8M | $376.4M |
| Q4 25 | $225.4M | $548.6M | ||
| Q3 25 | $241.5M | $554.6M | ||
| Q2 25 | $249.0M | $559.6M | ||
| Q1 25 | $265.3M | $578.9M | ||
| Q4 24 | $247.4M | $587.4M | ||
| Q3 24 | $209.2M | $571.3M | ||
| Q2 24 | $200.2M | $577.4M | ||
| Q1 24 | $198.1M | $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 | $19.3M | $27.3M |
| Free Cash FlowOCF − Capex | $18.1M | $16.3M |
| FCF MarginFCF / Revenue | 20.5% | 13.1% |
| Capex IntensityCapex / Revenue | 1.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $13.6M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $27.3M | ||
| Q3 25 | $-504.0K | $-8.1M | ||
| Q2 25 | $-745.0K | $40.8M | ||
| Q1 25 | $-2.9M | $-9.8M | ||
| Q4 24 | $-16.8M | $-7.4M | ||
| Q3 24 | $15.1M | $-30.8M | ||
| Q2 24 | $2.9M | $43.7M | ||
| Q1 24 | $336.0K | $25.2M |
| Q4 25 | $18.1M | $16.3M | ||
| Q3 25 | $-624.0K | $-12.4M | ||
| Q2 25 | $-826.0K | $33.5M | ||
| Q1 25 | $-3.0M | $-16.1M | ||
| Q4 24 | $-17.2M | $-10.7M | ||
| Q3 24 | $15.0M | $-35.5M | ||
| Q2 24 | $2.9M | $38.2M | ||
| Q1 24 | $260.0K | $7.0M |
| Q4 25 | 20.5% | 13.1% | ||
| Q3 25 | -0.7% | -14.6% | ||
| Q2 25 | -0.9% | 23.8% | ||
| Q1 25 | -3.1% | -13.9% | ||
| Q4 24 | -17.2% | -8.3% | ||
| Q3 24 | 15.1% | -40.2% | ||
| Q2 24 | 3.1% | 24.0% | ||
| Q1 24 | 0.3% | 5.1% |
| Q4 25 | 1.4% | 8.8% | ||
| Q3 25 | 0.1% | 5.0% | ||
| Q2 25 | 0.1% | 5.2% | ||
| Q1 25 | 0.1% | 5.4% | ||
| Q4 24 | 0.3% | 2.5% | ||
| Q3 24 | 0.1% | 5.3% | ||
| Q2 24 | 0.0% | 3.5% | ||
| Q1 24 | 0.1% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | -0.66× | — | ||
| Q2 25 | -0.19× | 4.73× | ||
| Q1 25 | -0.90× | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | 91.42× | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
