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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $124.7M, roughly 1.1× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -32.9%, a 34.4% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs -3.9%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -4.8%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

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

MXL vs SWBI — Head-to-Head

Bigger by revenue
MXL
MXL
1.1× larger
MXL
$137.2M
$124.7M
SWBI
Growing faster (revenue YoY)
MXL
MXL
+46.9% gap
MXL
43.0%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
34.4% more per $
SWBI
1.5%
-32.9%
MXL
Faster 2-yr revenue CAGR
MXL
MXL
Annualised
MXL
22.1%
-4.8%
SWBI

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MXL
MXL
SWBI
SWBI
Revenue
$137.2M
$124.7M
Net Profit
$-45.1M
$1.9M
Gross Margin
57.5%
24.3%
Operating Margin
30.0%
3.3%
Net Margin
-32.9%
1.5%
Revenue YoY
43.0%
-3.9%
Net Profit YoY
-203.0%
-53.6%
EPS (diluted)
$-0.52
$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
MXL
MXL
SWBI
SWBI
Q1 26
$137.2M
Q4 25
$136.4M
$124.7M
Q3 25
$126.5M
$85.1M
Q2 25
$108.8M
$140.8M
Q1 25
$95.9M
$115.9M
Q4 24
$92.2M
$129.7M
Q3 24
$81.1M
$88.3M
Q2 24
$92.0M
$159.1M
Net Profit
MXL
MXL
SWBI
SWBI
Q1 26
$-45.1M
Q4 25
$-14.9M
$1.9M
Q3 25
$-45.5M
$-3.4M
Q2 25
$-26.6M
$8.6M
Q1 25
$-49.7M
$2.1M
Q4 24
$-57.8M
$4.5M
Q3 24
$-75.8M
$-1.9M
Q2 24
$-39.3M
$27.9M
Gross Margin
MXL
MXL
SWBI
SWBI
Q1 26
57.5%
Q4 25
57.6%
24.3%
Q3 25
56.9%
25.9%
Q2 25
56.5%
28.8%
Q1 25
56.1%
24.1%
Q4 24
55.6%
26.6%
Q3 24
54.4%
27.4%
Q2 24
54.6%
35.5%
Operating Margin
MXL
MXL
SWBI
SWBI
Q1 26
30.0%
Q4 25
-10.9%
3.3%
Q3 25
-32.7%
-3.5%
Q2 25
-22.6%
9.3%
Q1 25
-48.0%
4.1%
Q4 24
-44.7%
5.8%
Q3 24
-82.3%
-1.7%
Q2 24
-44.4%
17.4%
Net Margin
MXL
MXL
SWBI
SWBI
Q1 26
-32.9%
Q4 25
-10.9%
1.5%
Q3 25
-36.0%
-4.0%
Q2 25
-24.4%
6.1%
Q1 25
-51.8%
1.8%
Q4 24
-62.8%
3.5%
Q3 24
-93.4%
-2.1%
Q2 24
-42.7%
17.5%
EPS (diluted)
MXL
MXL
SWBI
SWBI
Q1 26
$-0.52
Q4 25
$-0.17
$0.04
Q3 25
$-0.52
$-0.08
Q2 25
$-0.31
$0.19
Q1 25
$-0.58
$0.05
Q4 24
$-0.68
$0.10
Q3 24
$-0.90
$-0.04
Q2 24
$-0.47
$0.60

Balance Sheet & Financial Strength

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

Metric
MXL
MXL
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$61.1M
$22.4M
Total DebtLower is stronger
$123.8M
Stockholders' EquityBook value
$454.2M
$363.2M
Total Assets
$771.3M
$548.6M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
SWBI
SWBI
Q1 26
$61.1M
Q4 25
$72.8M
$22.4M
Q3 25
$111.9M
$18.0M
Q2 25
$108.6M
$25.2M
Q1 25
$102.8M
$26.7M
Q4 24
$118.6M
$39.1M
Q3 24
$148.5M
$35.5M
Q2 24
$185.1M
$60.8M
Total Debt
MXL
MXL
SWBI
SWBI
Q1 26
$123.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MXL
MXL
SWBI
SWBI
Q1 26
$454.2M
Q4 25
$451.9M
$363.2M
Q3 25
$464.7M
$364.4M
Q2 25
$488.3M
$372.5M
Q1 25
$493.2M
$366.9M
Q4 24
$516.3M
$371.5M
Q3 24
$556.9M
$380.0M
Q2 24
$617.3M
$399.9M
Total Assets
MXL
MXL
SWBI
SWBI
Q1 26
$771.3M
Q4 25
$796.4M
$548.6M
Q3 25
$808.1M
$554.6M
Q2 25
$863.7M
$559.6M
Q1 25
$855.3M
$578.9M
Q4 24
$864.6M
$587.4M
Q3 24
$895.3M
$571.3M
Q2 24
$973.2M
$577.4M
Debt / Equity
MXL
MXL
SWBI
SWBI
Q1 26
0.27×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXL
MXL
SWBI
SWBI
Q1 26
Q4 25
$10.4M
$27.3M
Q3 25
$10.1M
$-8.1M
Q2 25
$10.5M
$40.8M
Q1 25
$-11.4M
$-9.8M
Q4 24
$-27.8M
$-7.4M
Q3 24
$-30.7M
$-30.8M
Q2 24
$-2.7M
$43.7M
Free Cash Flow
MXL
MXL
SWBI
SWBI
Q1 26
Q4 25
$6.7M
$16.3M
Q3 25
$4.4M
$-12.4M
Q2 25
$9.3M
$33.5M
Q1 25
$-13.4M
$-16.1M
Q4 24
$-30.0M
$-10.7M
Q3 24
$-34.9M
$-35.5M
Q2 24
$-5.7M
$38.2M
FCF Margin
MXL
MXL
SWBI
SWBI
Q1 26
Q4 25
4.9%
13.1%
Q3 25
3.5%
-14.6%
Q2 25
8.6%
23.8%
Q1 25
-14.0%
-13.9%
Q4 24
-32.6%
-8.3%
Q3 24
-43.0%
-40.2%
Q2 24
-6.2%
24.0%
Capex Intensity
MXL
MXL
SWBI
SWBI
Q1 26
Q4 25
2.7%
8.8%
Q3 25
4.5%
5.0%
Q2 25
1.1%
5.2%
Q1 25
2.1%
5.4%
Q4 24
2.4%
2.5%
Q3 24
5.1%
5.3%
Q2 24
3.3%
3.5%
Cash Conversion
MXL
MXL
SWBI
SWBI
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.

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