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Side-by-side financial comparison of INNODATA INC (INOD) 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 $72.4M, roughly 1.7× INNODATA INC). INNODATA INC runs the higher net margin — 12.2% vs 1.5%, a 10.7% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (22.3% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $10.1M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs -4.8%).

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

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

INOD vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.7× larger
SWBI
$124.7M
$72.4M
INOD
Growing faster (revenue YoY)
INOD
INOD
+26.2% gap
INOD
22.3%
-3.9%
SWBI
Higher net margin
INOD
INOD
10.7% more per $
INOD
12.2%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$6.2M more FCF
SWBI
$16.3M
$10.1M
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
INOD
INOD
SWBI
SWBI
Revenue
$72.4M
$124.7M
Net Profit
$8.8M
$1.9M
Gross Margin
38.3%
24.3%
Operating Margin
15.1%
3.3%
Net Margin
12.2%
1.5%
Revenue YoY
22.3%
-3.9%
Net Profit YoY
-14.2%
-53.6%
EPS (diluted)
$0.26
$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
INOD
INOD
SWBI
SWBI
Q4 25
$72.4M
$124.7M
Q3 25
$62.5M
$85.1M
Q2 25
$58.4M
$140.8M
Q1 25
$58.3M
$115.9M
Q4 24
$59.2M
$129.7M
Q3 24
$52.2M
$88.3M
Q2 24
$32.6M
$159.1M
Q1 24
$26.5M
$137.5M
Net Profit
INOD
INOD
SWBI
SWBI
Q4 25
$8.8M
$1.9M
Q3 25
$8.3M
$-3.4M
Q2 25
$7.2M
$8.6M
Q1 25
$7.8M
$2.1M
Q4 24
$10.3M
$4.5M
Q3 24
$17.4M
$-1.9M
Q2 24
$-14.0K
$27.9M
Q1 24
$989.0K
$7.9M
Gross Margin
INOD
INOD
SWBI
SWBI
Q4 25
38.3%
24.3%
Q3 25
40.8%
25.9%
Q2 25
39.4%
28.8%
Q1 25
39.9%
24.1%
Q4 24
45.2%
26.6%
Q3 24
40.8%
27.4%
Q2 24
28.7%
35.5%
Q1 24
36.4%
28.7%
Operating Margin
INOD
INOD
SWBI
SWBI
Q4 25
15.1%
3.3%
Q3 25
18.8%
-3.5%
Q2 25
15.3%
9.3%
Q1 25
14.2%
4.1%
Q4 24
19.0%
5.8%
Q3 24
21.9%
-1.7%
Q2 24
1.0%
17.4%
Q1 24
5.0%
8.2%
Net Margin
INOD
INOD
SWBI
SWBI
Q4 25
12.2%
1.5%
Q3 25
13.3%
-4.0%
Q2 25
12.4%
6.1%
Q1 25
13.3%
1.8%
Q4 24
17.4%
3.5%
Q3 24
33.3%
-2.1%
Q2 24
-0.0%
17.5%
Q1 24
3.7%
5.7%
EPS (diluted)
INOD
INOD
SWBI
SWBI
Q4 25
$0.26
$0.04
Q3 25
$0.24
$-0.08
Q2 25
$0.20
$0.19
Q1 25
$0.22
$0.05
Q4 24
$0.35
$0.10
Q3 24
$0.51
$-0.04
Q2 24
$0.00
$0.60
Q1 24
$0.03
$0.17

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$82.2M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$107.1M
$363.2M
Total Assets
$168.6M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
SWBI
SWBI
Q4 25
$82.2M
$22.4M
Q3 25
$73.9M
$18.0M
Q2 25
$59.8M
$25.2M
Q1 25
$56.6M
$26.7M
Q4 24
$46.9M
$39.1M
Q3 24
$26.4M
$35.5M
Q2 24
$16.5M
$60.8M
Q1 24
$19.0M
$47.4M
Stockholders' Equity
INOD
INOD
SWBI
SWBI
Q4 25
$107.1M
$363.2M
Q3 25
$97.3M
$364.4M
Q2 25
$86.7M
$372.5M
Q1 25
$75.5M
$366.9M
Q4 24
$63.5M
$371.5M
Q3 24
$47.7M
$380.0M
Q2 24
$29.0M
$399.9M
Q1 24
$27.6M
$376.4M
Total Assets
INOD
INOD
SWBI
SWBI
Q4 25
$168.6M
$548.6M
Q3 25
$152.9M
$554.6M
Q2 25
$132.6M
$559.6M
Q1 25
$125.2M
$578.9M
Q4 24
$113.4M
$587.4M
Q3 24
$88.2M
$571.3M
Q2 24
$66.0M
$577.4M
Q1 24
$63.6M
$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
INOD
INOD
SWBI
SWBI
Operating Cash FlowLast quarter
$12.9M
$27.3M
Free Cash FlowOCF − Capex
$10.1M
$16.3M
FCF MarginFCF / Revenue
13.9%
13.1%
Capex IntensityCapex / Revenue
3.9%
8.8%
Cash ConversionOCF / Net Profit
1.46×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$35.6M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
SWBI
SWBI
Q4 25
$12.9M
$27.3M
Q3 25
$18.8M
$-8.1M
Q2 25
$4.2M
$40.8M
Q1 25
$10.9M
$-9.8M
Q4 24
$17.2M
$-7.4M
Q3 24
$11.4M
$-30.8M
Q2 24
$-454.0K
$43.7M
Q1 24
$6.8M
$25.2M
Free Cash Flow
INOD
INOD
SWBI
SWBI
Q4 25
$10.1M
$16.3M
Q3 25
$14.5M
$-12.4M
Q2 25
$2.5M
$33.5M
Q1 25
$8.5M
$-16.1M
Q4 24
$15.0M
$-10.7M
Q3 24
$9.9M
$-35.5M
Q2 24
$-3.2M
$38.2M
Q1 24
$5.4M
$7.0M
FCF Margin
INOD
INOD
SWBI
SWBI
Q4 25
13.9%
13.1%
Q3 25
23.2%
-14.6%
Q2 25
4.3%
23.8%
Q1 25
14.6%
-13.9%
Q4 24
25.3%
-8.3%
Q3 24
19.0%
-40.2%
Q2 24
-9.8%
24.0%
Q1 24
20.5%
5.1%
Capex Intensity
INOD
INOD
SWBI
SWBI
Q4 25
3.9%
8.8%
Q3 25
6.8%
5.0%
Q2 25
2.9%
5.2%
Q1 25
4.0%
5.4%
Q4 24
3.7%
2.5%
Q3 24
2.8%
5.3%
Q2 24
8.4%
3.5%
Q1 24
5.1%
13.2%
Cash Conversion
INOD
INOD
SWBI
SWBI
Q4 25
1.46×
14.22×
Q3 25
2.25×
Q2 25
0.59×
4.73×
Q1 25
1.40×
-4.68×
Q4 24
1.67×
-1.63×
Q3 24
0.65×
Q2 24
1.57×
Q1 24
6.84×
3.20×

Financial Flow Comparison

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

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