vs
Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($256.1M vs $124.7M, roughly 2.1× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -1.0%, a 2.5% gap on every dollar of revenue. On growth, ICHOR HOLDINGS, LTD. posted the faster year-over-year revenue change (4.7% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-10.0M). Over the past eight quarters, ICHOR HOLDINGS, LTD.'s revenue compounded faster (12.3% CAGR vs -4.8%).
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 SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $256.1M | $124.7M |
| Net Profit | $-2.5M | $1.9M |
| Gross Margin | 12.6% | 24.3% |
| Operating Margin | 88.2% | 3.3% |
| Net Margin | -1.0% | 1.5% |
| Revenue YoY | 4.7% | -3.9% |
| Net Profit YoY | 45.8% | -53.6% |
| EPS (diluted) | $-0.07 | $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.
| Q1 26 | $256.1M | — | ||
| Q4 25 | $223.6M | $124.7M | ||
| Q3 25 | $239.3M | $85.1M | ||
| Q2 25 | $240.3M | $140.8M | ||
| Q1 25 | $244.5M | $115.9M | ||
| Q4 24 | $233.3M | $129.7M | ||
| Q3 24 | $211.1M | $88.3M | ||
| Q2 24 | $203.2M | $159.1M |
| Q1 26 | $-2.5M | — | ||
| Q4 25 | $-16.0M | $1.9M | ||
| Q3 25 | $-22.9M | $-3.4M | ||
| Q2 25 | $-9.4M | $8.6M | ||
| Q1 25 | $-4.6M | $2.1M | ||
| Q4 24 | $-3.9M | $4.5M | ||
| Q3 24 | $-2.8M | $-1.9M | ||
| Q2 24 | $-5.1M | $27.9M |
| Q1 26 | 12.6% | — | ||
| Q4 25 | 9.4% | 24.3% | ||
| Q3 25 | 4.6% | 25.9% | ||
| Q2 25 | 11.3% | 28.8% | ||
| Q1 25 | 11.7% | 24.1% | ||
| Q4 24 | 11.6% | 26.6% | ||
| Q3 24 | 13.2% | 27.4% | ||
| Q2 24 | 12.6% | 35.5% |
| Q1 26 | 88.2% | — | ||
| Q4 25 | -6.2% | 3.3% | ||
| Q3 25 | -8.1% | -3.5% | ||
| Q2 25 | -2.0% | 9.3% | ||
| Q1 25 | -0.5% | 4.1% | ||
| Q4 24 | -0.5% | 5.8% | ||
| Q3 24 | -0.2% | -1.7% | ||
| Q2 24 | -1.1% | 17.4% |
| Q1 26 | -1.0% | — | ||
| Q4 25 | -7.1% | 1.5% | ||
| Q3 25 | -9.6% | -4.0% | ||
| Q2 25 | -3.9% | 6.1% | ||
| Q1 25 | -1.9% | 1.8% | ||
| Q4 24 | -1.7% | 3.5% | ||
| Q3 24 | -1.3% | -2.1% | ||
| Q2 24 | -2.5% | 17.5% |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.46 | $0.04 | ||
| Q3 25 | $-0.67 | $-0.08 | ||
| Q2 25 | $-0.28 | $0.19 | ||
| Q1 25 | $-0.13 | $0.05 | ||
| Q4 24 | $-0.11 | $0.10 | ||
| Q3 24 | $-0.08 | $-0.04 | ||
| Q2 24 | $-0.15 | $0.60 |
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 | $22.4M |
| Total DebtLower is stronger | $6.3M | — |
| Stockholders' EquityBook value | $668.0M | $363.2M |
| Total Assets | $972.5M | $548.6M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $89.1M | — | ||
| Q4 25 | $98.3M | $22.4M | ||
| Q3 25 | $92.5M | $18.0M | ||
| Q2 25 | $92.2M | $25.2M | ||
| Q1 25 | $109.3M | $26.7M | ||
| Q4 24 | $108.7M | $39.1M | ||
| Q3 24 | $116.4M | $35.5M | ||
| Q2 24 | $114.3M | $60.8M |
| 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 | $363.2M | ||
| Q3 25 | $676.2M | $364.4M | ||
| Q2 25 | $694.1M | $372.5M | ||
| Q1 25 | $700.4M | $366.9M | ||
| Q4 24 | $698.3M | $371.5M | ||
| Q3 24 | $697.3M | $380.0M | ||
| Q2 24 | $694.9M | $399.9M |
| Q1 26 | $972.5M | — | ||
| Q4 25 | $942.9M | $548.6M | ||
| Q3 25 | $966.6M | $554.6M | ||
| Q2 25 | $985.1M | $559.6M | ||
| Q1 25 | $1.0B | $578.9M | ||
| Q4 24 | $995.6M | $587.4M | ||
| Q3 24 | $975.9M | $571.3M | ||
| Q2 24 | $947.7M | $577.4M |
| 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 | — | $27.3M |
| Free Cash FlowOCF − Capex | $-10.0M | $16.3M |
| FCF MarginFCF / Revenue | -3.9% | 13.1% |
| Capex IntensityCapex / Revenue | 2.8% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.8M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $27.3M | ||
| Q3 25 | $9.2M | $-8.1M | ||
| Q2 25 | $-7.5M | $40.8M | ||
| Q1 25 | $19.0M | $-9.8M | ||
| Q4 24 | $-2.5M | $-7.4M | ||
| Q3 24 | $8.1M | $-30.8M | ||
| Q2 24 | $17.5M | $43.7M |
| Q1 26 | $-10.0M | — | ||
| Q4 25 | $5.9M | $16.3M | ||
| Q3 25 | $2.1M | $-12.4M | ||
| Q2 25 | $-14.8M | $33.5M | ||
| Q1 25 | $496.0K | $-16.1M | ||
| Q4 24 | $-6.9M | $-10.7M | ||
| Q3 24 | $2.2M | $-35.5M | ||
| Q2 24 | $14.6M | $38.2M |
| Q1 26 | -3.9% | — | ||
| Q4 25 | 2.6% | 13.1% | ||
| Q3 25 | 0.9% | -14.6% | ||
| Q2 25 | -6.2% | 23.8% | ||
| Q1 25 | 0.2% | -13.9% | ||
| Q4 24 | -3.0% | -8.3% | ||
| Q3 24 | 1.0% | -40.2% | ||
| Q2 24 | 7.2% | 24.0% |
| Q1 26 | 2.8% | — | ||
| Q4 25 | 1.5% | 8.8% | ||
| Q3 25 | 3.0% | 5.0% | ||
| Q2 25 | 3.0% | 5.2% | ||
| Q1 25 | 7.6% | 5.4% | ||
| Q4 24 | 1.9% | 2.5% | ||
| Q3 24 | 2.8% | 5.3% | ||
| Q2 24 | 1.4% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
