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Side-by-side financial comparison of Heritage Insurance Holdings, Inc. (HRTG) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Heritage Insurance Holdings, Inc. is the larger business by last-quarter revenue ($215.3M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). Heritage Insurance Holdings, Inc. runs the higher net margin — 31.0% vs 1.5%, a 29.4% gap on every dollar of revenue. On growth, Heritage Insurance Holdings, Inc. posted the faster year-over-year revenue change (2.4% vs -3.9%). Heritage Insurance Holdings, Inc. produced more free cash flow last quarter ($174.2M vs $16.3M). Over the past eight quarters, Heritage Insurance Holdings, Inc.'s revenue compounded faster (6.1% CAGR vs -4.8%).
United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
HRTG vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $215.3M | $124.7M |
| Net Profit | $66.7M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 41.6% | 3.3% |
| Net Margin | 31.0% | 1.5% |
| Revenue YoY | 2.4% | -3.9% |
| Net Profit YoY | 228.6% | -53.6% |
| EPS (diluted) | $2.15 | $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 | $215.3M | $124.7M | ||
| Q3 25 | $212.5M | $85.1M | ||
| Q2 25 | $208.0M | $140.8M | ||
| Q1 25 | $211.5M | $115.9M | ||
| Q4 24 | $210.3M | $129.7M | ||
| Q3 24 | $211.8M | $88.3M | ||
| Q2 24 | $203.6M | $159.1M | ||
| Q1 24 | $191.3M | $137.5M |
| Q4 25 | $66.7M | $1.9M | ||
| Q3 25 | $50.4M | $-3.4M | ||
| Q2 25 | $48.0M | $8.6M | ||
| Q1 25 | $30.5M | $2.1M | ||
| Q4 24 | $20.3M | $4.5M | ||
| Q3 24 | $8.2M | $-1.9M | ||
| Q2 24 | $18.9M | $27.9M | ||
| Q1 24 | $14.2M | $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 | 41.6% | 3.3% | ||
| Q3 25 | 33.0% | -3.5% | ||
| Q2 25 | 31.2% | 9.3% | ||
| Q1 25 | 20.1% | 4.1% | ||
| Q4 24 | 15.0% | 5.8% | ||
| Q3 24 | 5.5% | -1.7% | ||
| Q2 24 | 13.6% | 17.4% | ||
| Q1 24 | 11.9% | 8.2% |
| Q4 25 | 31.0% | 1.5% | ||
| Q3 25 | 23.7% | -4.0% | ||
| Q2 25 | 23.1% | 6.1% | ||
| Q1 25 | 14.4% | 1.8% | ||
| Q4 24 | 9.7% | 3.5% | ||
| Q3 24 | 3.8% | -2.1% | ||
| Q2 24 | 9.3% | 17.5% | ||
| Q1 24 | 7.4% | 5.7% |
| Q4 25 | $2.15 | $0.04 | ||
| Q3 25 | $1.63 | $-0.08 | ||
| Q2 25 | $1.55 | $0.19 | ||
| Q1 25 | $0.99 | $0.05 | ||
| Q4 24 | $0.66 | $0.10 | ||
| Q3 24 | $0.27 | $-0.04 | ||
| Q2 24 | $0.61 | $0.60 | ||
| Q1 24 | $0.47 | $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 | $559.3M | $22.4M |
| Total DebtLower is stronger | $78.4M | — |
| Stockholders' EquityBook value | $505.3M | $363.2M |
| Total Assets | $2.2B | $548.6M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $559.3M | $22.4M | ||
| Q3 25 | $560.4M | $18.0M | ||
| Q2 25 | $473.5M | $25.2M | ||
| Q1 25 | $425.9M | $26.7M | ||
| Q4 24 | $452.7M | $39.1M | ||
| Q3 24 | $509.9M | $35.5M | ||
| Q2 24 | $480.9M | $60.8M | ||
| Q1 24 | $386.1M | $47.4M |
| Q4 25 | $78.4M | — | ||
| Q3 25 | $79.3M | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | $94.8M | — | ||
| Q4 24 | $116.3M | — | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $120.8M | — | ||
| Q1 24 | $123.0M | — |
| Q4 25 | $505.3M | $363.2M | ||
| Q3 25 | $437.3M | $364.4M | ||
| Q2 25 | $383.3M | $372.5M | ||
| Q1 25 | $329.0M | $366.9M | ||
| Q4 24 | $290.8M | $371.5M | ||
| Q3 24 | $279.3M | $380.0M | ||
| Q2 24 | $255.3M | $399.9M | ||
| Q1 24 | $234.9M | $376.4M |
| Q4 25 | $2.2B | $548.6M | ||
| Q3 25 | $2.4B | $554.6M | ||
| Q2 25 | $2.5B | $559.6M | ||
| Q1 25 | $2.2B | $578.9M | ||
| Q4 24 | $2.5B | $587.4M | ||
| Q3 24 | $2.4B | $571.3M | ||
| Q2 24 | $2.6B | $577.4M | ||
| Q1 24 | $2.1B | $570.6M |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.52× | — |
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 | $182.2M | $27.3M |
| Free Cash FlowOCF − Capex | $174.2M | $16.3M |
| FCF MarginFCF / Revenue | 80.9% | 13.1% |
| Capex IntensityCapex / Revenue | 3.7% | 8.8% |
| Cash ConversionOCF / Net Profit | 2.73× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $337.4M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.2M | $27.3M | ||
| Q3 25 | $124.3M | $-8.1M | ||
| Q2 25 | $43.3M | $40.8M | ||
| Q1 25 | $837.0K | $-9.8M | ||
| Q4 24 | $87.1M | $-7.4M | ||
| Q3 24 | $-13.4M | $-30.8M | ||
| Q2 24 | $152.2M | $43.7M | ||
| Q1 24 | $4.3M | $25.2M |
| Q4 25 | $174.2M | $16.3M | ||
| Q3 25 | $122.7M | $-12.4M | ||
| Q2 25 | $41.8M | $33.5M | ||
| Q1 25 | $-1.3M | $-16.1M | ||
| Q4 24 | $78.9M | $-10.7M | ||
| Q3 24 | $-16.3M | $-35.5M | ||
| Q2 24 | $149.8M | $38.2M | ||
| Q1 24 | $4.1M | $7.0M |
| Q4 25 | 80.9% | 13.1% | ||
| Q3 25 | 57.8% | -14.6% | ||
| Q2 25 | 20.1% | 23.8% | ||
| Q1 25 | -0.6% | -13.9% | ||
| Q4 24 | 37.5% | -8.3% | ||
| Q3 24 | -7.7% | -40.2% | ||
| Q2 24 | 73.6% | 24.0% | ||
| Q1 24 | 2.1% | 5.1% |
| Q4 25 | 3.7% | 8.8% | ||
| Q3 25 | 0.7% | 5.0% | ||
| Q2 25 | 0.7% | 5.2% | ||
| Q1 25 | 1.0% | 5.4% | ||
| Q4 24 | 3.9% | 2.5% | ||
| Q3 24 | 1.4% | 5.3% | ||
| Q2 24 | 1.2% | 3.5% | ||
| Q1 24 | 0.1% | 13.2% |
| Q4 25 | 2.73× | 14.22× | ||
| Q3 25 | 2.47× | — | ||
| Q2 25 | 0.90× | 4.73× | ||
| Q1 25 | 0.03× | -4.68× | ||
| Q4 24 | 4.29× | -1.63× | ||
| Q3 24 | -1.64× | — | ||
| Q2 24 | 8.07× | 1.57× | ||
| Q1 24 | 0.30× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
