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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) 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 $84.3M, roughly 1.5× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 1.5%, a 121.4% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs -3.9%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $16.3M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs -4.8%).

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

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

LTC vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.5× larger
SWBI
$124.7M
$84.3M
LTC
Growing faster (revenue YoY)
LTC
LTC
+64.2% gap
LTC
60.3%
-3.9%
SWBI
Higher net margin
LTC
LTC
121.4% more per $
LTC
123.0%
1.5%
SWBI
More free cash flow
LTC
LTC
$112.4M more FCF
LTC
$128.7M
$16.3M
SWBI
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
LTC
LTC
SWBI
SWBI
Revenue
$84.3M
$124.7M
Net Profit
$103.7M
$1.9M
Gross Margin
24.3%
Operating Margin
3.3%
Net Margin
123.0%
1.5%
Revenue YoY
60.3%
-3.9%
Net Profit YoY
429.1%
-53.6%
EPS (diluted)
$2.19
$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
LTC
LTC
SWBI
SWBI
Q4 25
$84.3M
$124.7M
Q3 25
$69.3M
$85.1M
Q2 25
$60.2M
$140.8M
Q1 25
$49.0M
$115.9M
Q4 24
$52.6M
$129.7M
Q3 24
$55.8M
$88.3M
Q2 24
$50.1M
$159.1M
Q1 24
$51.4M
$137.5M
Net Profit
LTC
LTC
SWBI
SWBI
Q4 25
$103.7M
$1.9M
Q3 25
$-20.0M
$-3.4M
Q2 25
$15.1M
$8.6M
Q1 25
$20.7M
$2.1M
Q4 24
$19.6M
$4.5M
Q3 24
$29.4M
$-1.9M
Q2 24
$19.4M
$27.9M
Q1 24
$24.2M
$7.9M
Gross Margin
LTC
LTC
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
LTC
LTC
SWBI
SWBI
Q4 25
3.3%
Q3 25
71.9%
-3.5%
Q2 25
80.5%
9.3%
Q1 25
37.8%
4.1%
Q4 24
5.8%
Q3 24
95.5%
-1.7%
Q2 24
38.0%
17.4%
Q1 24
47.3%
8.2%
Net Margin
LTC
LTC
SWBI
SWBI
Q4 25
123.0%
1.5%
Q3 25
-28.9%
-4.0%
Q2 25
25.1%
6.1%
Q1 25
42.2%
1.8%
Q4 24
37.3%
3.5%
Q3 24
52.6%
-2.1%
Q2 24
38.6%
17.5%
Q1 24
47.2%
5.7%
EPS (diluted)
LTC
LTC
SWBI
SWBI
Q4 25
$2.19
$0.04
Q3 25
$-0.44
$-0.08
Q2 25
$0.32
$0.19
Q1 25
$0.45
$0.05
Q4 24
$0.38
$0.10
Q3 24
$0.66
$-0.04
Q2 24
$0.44
$0.60
Q1 24
$0.56
$0.17

Balance Sheet & Financial Strength

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

Metric
LTC
LTC
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$14.4M
$22.4M
Total DebtLower is stronger
$842.2M
Stockholders' EquityBook value
$1.1B
$363.2M
Total Assets
$2.1B
$548.6M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
SWBI
SWBI
Q4 25
$14.4M
$22.4M
Q3 25
$17.9M
$18.0M
Q2 25
$7.6M
$25.2M
Q1 25
$23.3M
$26.7M
Q4 24
$9.4M
$39.1M
Q3 24
$35.0M
$35.5M
Q2 24
$6.2M
$60.8M
Q1 24
$9.0M
$47.4M
Total Debt
LTC
LTC
SWBI
SWBI
Q4 25
$842.2M
Q3 25
$944.5M
Q2 25
$696.5M
Q1 25
$682.2M
Q4 24
$684.6M
Q3 24
$785.3M
Q2 24
$861.0M
Q1 24
$860.2M
Stockholders' Equity
LTC
LTC
SWBI
SWBI
Q4 25
$1.1B
$363.2M
Q3 25
$957.9M
$364.4M
Q2 25
$957.5M
$372.5M
Q1 25
$961.9M
$366.9M
Q4 24
$960.6M
$371.5M
Q3 24
$947.8M
$380.0M
Q2 24
$889.1M
$399.9M
Q1 24
$886.2M
$376.4M
Total Assets
LTC
LTC
SWBI
SWBI
Q4 25
$2.1B
$548.6M
Q3 25
$2.0B
$554.6M
Q2 25
$1.8B
$559.6M
Q1 25
$1.8B
$578.9M
Q4 24
$1.8B
$587.4M
Q3 24
$1.9B
$571.3M
Q2 24
$1.9B
$577.4M
Q1 24
$1.8B
$570.6M
Debt / Equity
LTC
LTC
SWBI
SWBI
Q4 25
0.78×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.71×
Q4 24
0.71×
Q3 24
0.83×
Q2 24
0.97×
Q1 24
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LTC
LTC
SWBI
SWBI
Operating Cash FlowLast quarter
$136.0M
$27.3M
Free Cash FlowOCF − Capex
$128.7M
$16.3M
FCF MarginFCF / Revenue
152.7%
13.1%
Capex IntensityCapex / Revenue
8.6%
8.8%
Cash ConversionOCF / Net Profit
1.31×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$220.1M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
SWBI
SWBI
Q4 25
$136.0M
$27.3M
Q3 25
$38.4M
$-8.1M
Q2 25
$30.0M
$40.8M
Q1 25
$29.6M
$-9.8M
Q4 24
$125.9M
$-7.4M
Q3 24
$34.0M
$-30.8M
Q2 24
$37.0M
$43.7M
Q1 24
$21.1M
$25.2M
Free Cash Flow
LTC
LTC
SWBI
SWBI
Q4 25
$128.7M
$16.3M
Q3 25
$34.3M
$-12.4M
Q2 25
$28.9M
$33.5M
Q1 25
$28.2M
$-16.1M
Q4 24
$112.2M
$-10.7M
Q3 24
$27.7M
$-35.5M
Q2 24
$34.7M
$38.2M
Q1 24
$19.7M
$7.0M
FCF Margin
LTC
LTC
SWBI
SWBI
Q4 25
152.7%
13.1%
Q3 25
49.4%
-14.6%
Q2 25
47.9%
23.8%
Q1 25
57.6%
-13.9%
Q4 24
213.4%
-8.3%
Q3 24
49.7%
-40.2%
Q2 24
69.1%
24.0%
Q1 24
38.4%
5.1%
Capex Intensity
LTC
LTC
SWBI
SWBI
Q4 25
8.6%
8.8%
Q3 25
6.0%
5.0%
Q2 25
1.9%
5.2%
Q1 25
2.7%
5.4%
Q4 24
26.0%
2.5%
Q3 24
11.2%
5.3%
Q2 24
4.6%
3.5%
Q1 24
2.6%
13.2%
Cash Conversion
LTC
LTC
SWBI
SWBI
Q4 25
1.31×
14.22×
Q3 25
Q2 25
1.99×
4.73×
Q1 25
1.43×
-4.68×
Q4 24
6.43×
-1.63×
Q3 24
1.16×
Q2 24
1.91×
1.57×
Q1 24
0.87×
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

SWBI
SWBI

Segment breakdown not available.

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