vs
Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $256.1M, roughly 1.0× ICHOR HOLDINGS, LTD.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -1.0%, a 2.3% gap on every dollar of revenue. On growth, ICHOR HOLDINGS, LTD. posted the faster year-over-year revenue change (4.7% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $-10.0M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 12.3%).
Ichor Holdings Ltd. designs, manufactures and supplies critical fluid delivery systems, subsystems and related components for the global semiconductor manufacturing sector. Its products are integrated into front-end wafer processing equipment, supporting production of advanced logic, memory and specialty chips for leading semiconductor device and equipment makers across North America, East Asia and Europe.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ICHR vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.1M | $260.4M |
| Net Profit | $-2.5M | $3.5M |
| Gross Margin | 12.6% | 19.9% |
| Operating Margin | 88.2% | 6.5% |
| Net Margin | -1.0% | 1.4% |
| Revenue YoY | 4.7% | -9.4% |
| Net Profit YoY | 45.8% | -14.3% |
| EPS (diluted) | $-0.07 | $0.39 |
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.
| Q1 26 | $256.1M | — | ||
| Q4 25 | $223.6M | $260.4M | ||
| Q3 25 | $239.3M | $262.0M | ||
| Q2 25 | $240.3M | $223.9M | ||
| Q1 25 | $244.5M | $224.7M | ||
| Q4 24 | $233.3M | $287.5M | ||
| Q3 24 | $211.1M | $277.8M | ||
| Q2 24 | $203.2M | $220.9M |
| Q1 26 | $-2.5M | — | ||
| Q4 25 | $-16.0M | $3.5M | ||
| Q3 25 | $-22.9M | $2.1M | ||
| Q2 25 | $-9.4M | $2.4M | ||
| Q1 25 | $-4.6M | $2.7M | ||
| Q4 24 | $-3.9M | $4.1M | ||
| Q3 24 | $-2.8M | $5.3M | ||
| Q2 24 | $-5.1M | $3.6M |
| Q1 26 | 12.6% | — | ||
| Q4 25 | 9.4% | 19.9% | ||
| Q3 25 | 4.6% | 21.0% | ||
| Q2 25 | 11.3% | 23.2% | ||
| Q1 25 | 11.7% | 23.8% | ||
| Q4 24 | 11.6% | 25.5% | ||
| Q3 24 | 13.2% | 26.5% | ||
| Q2 24 | 12.6% | 26.7% |
| Q1 26 | 88.2% | — | ||
| Q4 25 | -6.2% | 6.5% | ||
| Q3 25 | -8.1% | 6.6% | ||
| Q2 25 | -2.0% | 7.7% | ||
| Q1 25 | -0.5% | 8.7% | ||
| Q4 24 | -0.5% | 10.4% | ||
| Q3 24 | -0.2% | 14.2% | ||
| Q2 24 | -1.1% | 11.7% |
| Q1 26 | -1.0% | — | ||
| Q4 25 | -7.1% | 1.4% | ||
| Q3 25 | -9.6% | 0.8% | ||
| Q2 25 | -3.9% | 1.1% | ||
| Q1 25 | -1.9% | 1.2% | ||
| Q4 24 | -1.7% | 1.4% | ||
| Q3 24 | -1.3% | 1.9% | ||
| Q2 24 | -2.5% | 1.7% |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.46 | $0.39 | ||
| Q3 25 | $-0.67 | $0.24 | ||
| Q2 25 | $-0.28 | $0.26 | ||
| Q1 25 | $-0.13 | $0.30 | ||
| Q4 24 | $-0.11 | $0.50 | ||
| Q3 24 | $-0.08 | $0.58 | ||
| Q2 24 | $-0.15 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $89.1M | $12.7M |
| Total DebtLower is stronger | $6.3M | — |
| Stockholders' EquityBook value | $668.0M | $86.7M |
| Total Assets | $972.5M | $557.6M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $89.1M | — | ||
| Q4 25 | $98.3M | $12.7M | ||
| Q3 25 | $92.5M | $14.8M | ||
| Q2 25 | $92.2M | $16.8M | ||
| Q1 25 | $109.3M | $12.7M | ||
| Q4 24 | $108.7M | $22.4M | ||
| Q3 24 | $116.4M | $23.7M | ||
| Q2 24 | $114.3M | $17.3M |
| Q1 26 | $6.3M | — | ||
| Q4 25 | $123.5M | — | ||
| Q3 25 | $123.5M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $126.8M | — | ||
| Q4 24 | $128.5M | — | ||
| Q3 24 | $130.3M | — | ||
| Q2 24 | $130.2M | — |
| Q1 26 | $668.0M | — | ||
| Q4 25 | $663.9M | $86.7M | ||
| Q3 25 | $676.2M | $82.2M | ||
| Q2 25 | $694.1M | $80.0M | ||
| Q1 25 | $700.4M | $76.9M | ||
| Q4 24 | $698.3M | $73.6M | ||
| Q3 24 | $697.3M | $68.4M | ||
| Q2 24 | $694.9M | $62.1M |
| Q1 26 | $972.5M | — | ||
| Q4 25 | $942.9M | $557.6M | ||
| Q3 25 | $966.6M | $571.6M | ||
| Q2 25 | $985.1M | $570.2M | ||
| Q1 25 | $1.0B | $513.9M | ||
| Q4 24 | $995.6M | $475.9M | ||
| Q3 24 | $975.9M | $460.1M | ||
| Q2 24 | $947.7M | $429.3M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.19× | — |
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 | — | $9.8M |
| Free Cash FlowOCF − Capex | $-10.0M | $8.7M |
| FCF MarginFCF / Revenue | -3.9% | 3.4% |
| Capex IntensityCapex / Revenue | 2.8% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.8M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $9.8M | ||
| Q3 25 | $9.2M | $22.8M | ||
| Q2 25 | $-7.5M | $-28.9M | ||
| Q1 25 | $19.0M | $-34.9M | ||
| Q4 24 | $-2.5M | $5.5M | ||
| Q3 24 | $8.1M | $22.9M | ||
| Q2 24 | $17.5M | $39.0K |
| Q1 26 | $-10.0M | — | ||
| Q4 25 | $5.9M | $8.7M | ||
| Q3 25 | $2.1M | $21.4M | ||
| Q2 25 | $-14.8M | $-31.1M | ||
| Q1 25 | $496.0K | $-35.9M | ||
| Q4 24 | $-6.9M | $4.8M | ||
| Q3 24 | $2.2M | $22.3M | ||
| Q2 24 | $14.6M | $-2.1M |
| Q1 26 | -3.9% | — | ||
| Q4 25 | 2.6% | 3.4% | ||
| Q3 25 | 0.9% | 8.2% | ||
| Q2 25 | -6.2% | -13.9% | ||
| Q1 25 | 0.2% | -16.0% | ||
| Q4 24 | -3.0% | 1.7% | ||
| Q3 24 | 1.0% | 8.0% | ||
| Q2 24 | 7.2% | -1.0% |
| Q1 26 | 2.8% | — | ||
| Q4 25 | 1.5% | 0.4% | ||
| Q3 25 | 3.0% | 0.5% | ||
| Q2 25 | 3.0% | 0.9% | ||
| Q1 25 | 7.6% | 0.5% | ||
| Q4 24 | 1.9% | 0.2% | ||
| Q3 24 | 2.8% | 0.2% | ||
| Q2 24 | 1.4% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
