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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.6× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $13.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -4.8%).

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

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

HSTM vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.6× larger
SWBI
$124.7M
$79.7M
HSTM
Growing faster (revenue YoY)
HSTM
HSTM
+11.2% gap
HSTM
7.4%
-3.9%
SWBI
More free cash flow
SWBI
SWBI
$3.3M more FCF
SWBI
$16.3M
$13.0M
HSTM
Faster 2-yr revenue CAGR
HSTM
HSTM
Annualised
HSTM
4.7%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HSTM
HSTM
SWBI
SWBI
Revenue
$79.7M
$124.7M
Net Profit
$1.9M
Gross Margin
24.3%
Operating Margin
3.0%
3.3%
Net Margin
1.5%
Revenue YoY
7.4%
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$0.09
$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
HSTM
HSTM
SWBI
SWBI
Q4 25
$79.7M
$124.7M
Q3 25
$76.5M
$85.1M
Q2 25
$74.4M
$140.8M
Q1 25
$73.5M
$115.9M
Q4 24
$74.2M
$129.7M
Q3 24
$73.1M
$88.3M
Q2 24
$71.6M
$159.1M
Q1 24
$72.8M
$137.5M
Net Profit
HSTM
HSTM
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$6.1M
$-3.4M
Q2 25
$5.4M
$8.6M
Q1 25
$4.3M
$2.1M
Q4 24
$4.5M
Q3 24
$5.7M
$-1.9M
Q2 24
$4.2M
$27.9M
Q1 24
$5.2M
$7.9M
Gross Margin
HSTM
HSTM
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
HSTM
HSTM
SWBI
SWBI
Q4 25
3.0%
3.3%
Q3 25
9.9%
-3.5%
Q2 25
7.9%
9.3%
Q1 25
6.0%
4.1%
Q4 24
6.3%
5.8%
Q3 24
8.9%
-1.7%
Q2 24
6.2%
17.4%
Q1 24
7.8%
8.2%
Net Margin
HSTM
HSTM
SWBI
SWBI
Q4 25
1.5%
Q3 25
8.0%
-4.0%
Q2 25
7.2%
6.1%
Q1 25
5.9%
1.8%
Q4 24
3.5%
Q3 24
7.8%
-2.1%
Q2 24
5.8%
17.5%
Q1 24
7.2%
5.7%
EPS (diluted)
HSTM
HSTM
SWBI
SWBI
Q4 25
$0.09
$0.04
Q3 25
$0.20
$-0.08
Q2 25
$0.18
$0.19
Q1 25
$0.14
$0.05
Q4 24
$0.16
$0.10
Q3 24
$0.19
$-0.04
Q2 24
$0.14
$0.60
Q1 24
$0.17
$0.17

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$36.2M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.0M
$363.2M
Total Assets
$520.4M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
SWBI
SWBI
Q4 25
$36.2M
$22.4M
Q3 25
$53.5M
$18.0M
Q2 25
$52.1M
$25.2M
Q1 25
$77.3M
$26.7M
Q4 24
$59.5M
$39.1M
Q3 24
$57.5M
$35.5M
Q2 24
$46.1M
$60.8M
Q1 24
$52.4M
$47.4M
Stockholders' Equity
HSTM
HSTM
SWBI
SWBI
Q4 25
$354.0M
$363.2M
Q3 25
$349.2M
$364.4M
Q2 25
$350.6M
$372.5M
Q1 25
$362.8M
$366.9M
Q4 24
$359.4M
$371.5M
Q3 24
$355.5M
$380.0M
Q2 24
$349.2M
$399.9M
Q1 24
$344.9M
$376.4M
Total Assets
HSTM
HSTM
SWBI
SWBI
Q4 25
$520.4M
$548.6M
Q3 25
$499.9M
$554.6M
Q2 25
$500.1M
$559.6M
Q1 25
$524.0M
$578.9M
Q4 24
$510.8M
$587.4M
Q3 24
$502.8M
$571.3M
Q2 24
$499.6M
$577.4M
Q1 24
$511.6M
$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
HSTM
HSTM
SWBI
SWBI
Operating Cash FlowLast quarter
$13.2M
$27.3M
Free Cash FlowOCF − Capex
$13.0M
$16.3M
FCF MarginFCF / Revenue
16.3%
13.1%
Capex IntensityCapex / Revenue
0.3%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$59.6M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
SWBI
SWBI
Q4 25
$13.2M
$27.3M
Q3 25
$18.0M
$-8.1M
Q2 25
$5.0M
$40.8M
Q1 25
$27.1M
$-9.8M
Q4 24
$11.2M
$-7.4M
Q3 24
$19.1M
$-30.8M
Q2 24
$6.5M
$43.7M
Q1 24
$20.9M
$25.2M
Free Cash Flow
HSTM
HSTM
SWBI
SWBI
Q4 25
$13.0M
$16.3M
Q3 25
$17.9M
$-12.4M
Q2 25
$2.7M
$33.5M
Q1 25
$26.0M
$-16.1M
Q4 24
$11.0M
$-10.7M
Q3 24
$18.8M
$-35.5M
Q2 24
$6.3M
$38.2M
Q1 24
$20.2M
$7.0M
FCF Margin
HSTM
HSTM
SWBI
SWBI
Q4 25
16.3%
13.1%
Q3 25
23.4%
-14.6%
Q2 25
3.6%
23.8%
Q1 25
35.4%
-13.9%
Q4 24
14.8%
-8.3%
Q3 24
25.8%
-40.2%
Q2 24
8.8%
24.0%
Q1 24
27.8%
5.1%
Capex Intensity
HSTM
HSTM
SWBI
SWBI
Q4 25
0.3%
8.8%
Q3 25
0.1%
5.0%
Q2 25
3.1%
5.2%
Q1 25
1.4%
5.4%
Q4 24
0.3%
2.5%
Q3 24
0.4%
5.3%
Q2 24
0.2%
3.5%
Q1 24
1.0%
13.2%
Cash Conversion
HSTM
HSTM
SWBI
SWBI
Q4 25
14.22×
Q3 25
2.96×
Q2 25
0.93×
4.73×
Q1 25
6.25×
-4.68×
Q4 24
-1.63×
Q3 24
3.34×
Q2 24
1.55×
1.57×
Q1 24
4.01×
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

SWBI
SWBI

Segment breakdown not available.

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