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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) 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 $66.1M, roughly 1.9× Lulu's Fashion Lounge Holdings, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -48.2%, a 49.7% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -11.8%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-2.6M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -14.7%).
Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
LVLU vs SWBI — Head-to-Head
Income Statement — Q4 FY2024 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $124.7M |
| Net Profit | $-31.9M | $1.9M |
| Gross Margin | 37.9% | 24.3% |
| Operating Margin | -52.8% | 3.3% |
| Net Margin | -48.2% | 1.5% |
| Revenue YoY | -11.8% | -3.9% |
| Net Profit YoY | -340.9% | -53.6% |
| EPS (diluted) | $-13.46 | $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.
| Q4 25 | — | $124.7M | ||
| Q3 25 | — | $85.1M | ||
| Q2 25 | — | $140.8M | ||
| Q1 25 | — | $115.9M | ||
| Q4 24 | $66.1M | $129.7M | ||
| Q3 24 | $80.5M | $88.3M | ||
| Q2 24 | $92.0M | $159.1M | ||
| Q1 24 | $77.3M | $137.5M |
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $-3.4M | ||
| Q2 25 | — | $8.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | $-31.9M | $4.5M | ||
| Q3 24 | $-6.9M | $-1.9M | ||
| Q2 24 | $-10.8M | $27.9M | ||
| Q1 24 | $-5.7M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | 37.9% | 26.6% | ||
| Q3 24 | 38.1% | 27.4% | ||
| Q2 24 | 45.5% | 35.5% | ||
| Q1 24 | 42.3% | 28.7% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | -52.8% | 5.8% | ||
| Q3 24 | -8.5% | -1.7% | ||
| Q2 24 | -4.9% | 17.4% | ||
| Q1 24 | -8.0% | 8.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | -4.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | -48.2% | 3.5% | ||
| Q3 24 | -8.5% | -2.1% | ||
| Q2 24 | -11.7% | 17.5% | ||
| Q1 24 | -7.4% | 5.7% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | $-13.46 | $0.10 | ||
| Q3 24 | $-2.47 | $-0.04 | ||
| Q2 24 | $-3.92 | $0.60 | ||
| Q1 24 | $-0.15 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.5M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $13.4M | $363.2M |
| Total Assets | $108.2M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.4M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $25.2M | ||
| Q1 25 | — | $26.7M | ||
| Q4 24 | $4.5M | $39.1M | ||
| Q3 24 | $6.3M | $35.5M | ||
| Q2 24 | $1.8M | $60.8M | ||
| Q1 24 | $5.5M | $47.4M |
| Q4 25 | — | $363.2M | ||
| Q3 25 | — | $364.4M | ||
| Q2 25 | — | $372.5M | ||
| Q1 25 | — | $366.9M | ||
| Q4 24 | $13.4M | $371.5M | ||
| Q3 24 | $43.8M | $380.0M | ||
| Q2 24 | $48.7M | $399.9M | ||
| Q1 24 | $57.7M | $376.4M |
| Q4 25 | — | $548.6M | ||
| Q3 25 | — | $554.6M | ||
| Q2 25 | — | $559.6M | ||
| Q1 25 | — | $578.9M | ||
| Q4 24 | $108.2M | $587.4M | ||
| Q3 24 | $153.5M | $571.3M | ||
| Q2 24 | $145.3M | $577.4M | ||
| Q1 24 | $160.6M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.5M | $27.3M |
| Free Cash FlowOCF − Capex | $-2.6M | $16.3M |
| FCF MarginFCF / Revenue | -3.9% | 13.1% |
| Capex IntensityCapex / Revenue | 0.0% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $-8.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $-9.8M | ||
| Q4 24 | $-2.5M | $-7.4M | ||
| Q3 24 | $-5.5M | $-30.8M | ||
| Q2 24 | $3.7M | $43.7M | ||
| Q1 24 | $6.9M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | $-2.6M | $-10.7M | ||
| Q3 24 | $-5.9M | $-35.5M | ||
| Q2 24 | $3.4M | $38.2M | ||
| Q1 24 | $6.4M | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | -3.9% | -8.3% | ||
| Q3 24 | -7.3% | -40.2% | ||
| Q2 24 | 3.7% | 24.0% | ||
| Q1 24 | 8.3% | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 0.0% | 2.5% | ||
| Q3 24 | 0.5% | 5.3% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.7% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
SWBI
Segment breakdown not available.
