vs
Side-by-side financial comparison of NNN REIT, INC. (NNN) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $124.7M, roughly 1.9× SMITH & WESSON BRANDS, INC.). NNN REIT, INC. runs the higher net margin — 39.1% vs 1.5%, a 37.5% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (4.1% vs -3.9%). Over the past eight quarters, NNN REIT, INC.'s revenue compounded faster (5.3% CAGR vs -4.8%).
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
NNN vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.4M | $124.7M |
| Net Profit | $94.0M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 61.0% | 3.3% |
| Net Margin | 39.1% | 1.5% |
| Revenue YoY | 4.1% | -3.9% |
| Net Profit YoY | -2.6% | -53.6% |
| EPS (diluted) | $0.50 | $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 | $240.4M | — | ||
| Q4 25 | $238.4M | $124.7M | ||
| Q3 25 | $230.2M | $85.1M | ||
| Q2 25 | $226.8M | $140.8M | ||
| Q1 25 | $230.9M | $115.9M | ||
| Q4 24 | $218.5M | $129.7M | ||
| Q3 24 | $218.6M | $88.3M | ||
| Q2 24 | $216.8M | $159.1M |
| Q1 26 | $94.0M | — | ||
| Q4 25 | $96.0M | $1.9M | ||
| Q3 25 | $96.8M | $-3.4M | ||
| Q2 25 | $100.5M | $8.6M | ||
| Q1 25 | $96.5M | $2.1M | ||
| Q4 24 | $97.9M | $4.5M | ||
| Q3 24 | $97.9M | $-1.9M | ||
| Q2 24 | $106.7M | $27.9M |
| Q1 26 | — | — | ||
| 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 26 | 61.0% | — | ||
| Q4 25 | 62.3% | 3.3% | ||
| Q3 25 | 64.0% | -3.5% | ||
| Q2 25 | 66.0% | 9.3% | ||
| Q1 25 | 62.3% | 4.1% | ||
| Q4 24 | 65.8% | 5.8% | ||
| Q3 24 | 65.7% | -1.7% | ||
| Q2 24 | 70.2% | 17.4% |
| Q1 26 | 39.1% | — | ||
| Q4 25 | 40.2% | 1.5% | ||
| Q3 25 | 42.1% | -4.0% | ||
| Q2 25 | 44.3% | 6.1% | ||
| Q1 25 | 41.8% | 1.8% | ||
| Q4 24 | 44.8% | 3.5% | ||
| Q3 24 | 44.8% | -2.1% | ||
| Q2 24 | 49.2% | 17.5% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.51 | $0.04 | ||
| Q3 25 | $0.51 | $-0.08 | ||
| Q2 25 | $0.54 | $0.19 | ||
| Q1 25 | $0.51 | $0.05 | ||
| Q4 24 | $0.52 | $0.10 | ||
| Q3 24 | $0.53 | $-0.04 | ||
| Q2 24 | $0.58 | $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 | $4.6M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $363.2M |
| Total Assets | $9.4B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6M | — | ||
| Q4 25 | $5.0M | $22.4M | ||
| Q3 25 | $157.9M | $18.0M | ||
| Q2 25 | $6.0M | $25.2M | ||
| Q1 25 | $5.1M | $26.7M | ||
| Q4 24 | $8.7M | $39.1M | ||
| Q3 24 | $173.5M | $35.5M | ||
| Q2 24 | $2.1M | $60.8M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $363.2M | ||
| Q3 25 | $4.4B | $364.4M | ||
| Q2 25 | $4.4B | $372.5M | ||
| Q1 25 | $4.4B | $366.9M | ||
| Q4 24 | $4.4B | $371.5M | ||
| Q3 24 | $4.4B | $380.0M | ||
| Q2 24 | $4.2B | $399.9M |
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.4B | $548.6M | ||
| Q3 25 | $9.5B | $554.6M | ||
| Q2 25 | $9.1B | $559.6M | ||
| Q1 25 | $9.0B | $578.9M | ||
| Q4 24 | $8.9B | $587.4M | ||
| Q3 24 | $8.9B | $571.3M | ||
| Q2 24 | $8.7B | $577.4M |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $667.1M | $27.3M | ||
| Q3 25 | $218.3M | $-8.1M | ||
| Q2 25 | $119.4M | $40.8M | ||
| Q1 25 | $203.3M | $-9.8M | ||
| Q4 24 | $635.5M | $-7.4M | ||
| Q3 24 | $206.6M | $-30.8M | ||
| Q2 24 | $120.5M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 6.95× | 14.22× | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 1.19× | 4.73× | ||
| Q1 25 | 2.11× | -4.68× | ||
| Q4 24 | 6.49× | -1.63× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 1.13× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
