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

NATIONAL PRESTO INDUSTRIES INC is the larger business by last-quarter revenue ($164.0M vs $124.7M, roughly 1.3× SMITH & WESSON BRANDS, INC.). On growth, NATIONAL PRESTO INDUSTRIES INC posted the faster year-over-year revenue change (21.7% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $12.4M). Over the past eight quarters, NATIONAL PRESTO INDUSTRIES INC's revenue compounded faster (46.3% CAGR vs -4.8%).

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

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

NPK vs SWBI — Head-to-Head

Bigger by revenue
NPK
NPK
1.3× larger
NPK
$164.0M
$124.7M
SWBI
Growing faster (revenue YoY)
NPK
NPK
+25.6% gap
NPK
21.7%
-3.9%
SWBI
More free cash flow
SWBI
SWBI
$3.8M more FCF
SWBI
$16.3M
$12.4M
NPK
Faster 2-yr revenue CAGR
NPK
NPK
Annualised
NPK
46.3%
-4.8%
SWBI

Income Statement — Q4 2025 vs Q2 2026

Metric
NPK
NPK
SWBI
SWBI
Revenue
$164.0M
$124.7M
Net Profit
$1.9M
Gross Margin
16.9%
24.3%
Operating Margin
11.4%
3.3%
Net Margin
1.5%
Revenue YoY
21.7%
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$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
NPK
NPK
SWBI
SWBI
Q4 25
$164.0M
$124.7M
Q3 25
$115.5M
$85.1M
Q2 25
$120.4M
$140.8M
Q1 25
$103.6M
$115.9M
Q4 24
$134.7M
$129.7M
Q3 24
$91.8M
$88.3M
Q2 24
$85.1M
$159.1M
Q1 24
$76.7M
$137.5M
Net Profit
NPK
NPK
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$5.3M
$-3.4M
Q2 25
$5.2M
$8.6M
Q1 25
$7.6M
$2.1M
Q4 24
$4.5M
Q3 24
$8.1M
$-1.9M
Q2 24
$6.1M
$27.9M
Q1 24
$6.6M
$7.9M
Gross Margin
NPK
NPK
SWBI
SWBI
Q4 25
16.9%
24.3%
Q3 25
13.9%
25.9%
Q2 25
15.4%
28.8%
Q1 25
17.5%
24.1%
Q4 24
24.3%
26.6%
Q3 24
18.8%
27.4%
Q2 24
17.3%
35.5%
Q1 24
18.1%
28.7%
Operating Margin
NPK
NPK
SWBI
SWBI
Q4 25
11.4%
3.3%
Q3 25
5.6%
-3.5%
Q2 25
5.1%
9.3%
Q1 25
8.8%
4.1%
Q4 24
17.3%
5.8%
Q3 24
10.0%
-1.7%
Q2 24
7.5%
17.4%
Q1 24
8.2%
8.2%
Net Margin
NPK
NPK
SWBI
SWBI
Q4 25
1.5%
Q3 25
4.6%
-4.0%
Q2 25
4.3%
6.1%
Q1 25
7.3%
1.8%
Q4 24
3.5%
Q3 24
8.8%
-2.1%
Q2 24
7.1%
17.5%
Q1 24
8.6%
5.7%
EPS (diluted)
NPK
NPK
SWBI
SWBI
Q4 25
$0.04
Q3 25
$-0.08
Q2 25
$0.19
Q1 25
$0.05
Q4 24
$0.10
Q3 24
$-0.04
Q2 24
$0.60
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
NPK
NPK
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$3.8M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$395.1M
$363.2M
Total Assets
$500.7M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NPK
NPK
SWBI
SWBI
Q4 25
$3.8M
$22.4M
Q3 25
$4.6M
$18.0M
Q2 25
$4.8M
$25.2M
Q1 25
$5.5M
$26.7M
Q4 24
$22.7M
$39.1M
Q3 24
$33.2M
$35.5M
Q2 24
$53.4M
$60.8M
Q1 24
$87.9M
$47.4M
Stockholders' Equity
NPK
NPK
SWBI
SWBI
Q4 25
$395.1M
$363.2M
Q3 25
$379.8M
$364.4M
Q2 25
$374.1M
$372.5M
Q1 25
$368.6M
$366.9M
Q4 24
$367.6M
$371.5M
Q3 24
$346.6M
$380.0M
Q2 24
$338.1M
$399.9M
Q1 24
$331.6M
$376.4M
Total Assets
NPK
NPK
SWBI
SWBI
Q4 25
$500.7M
$548.6M
Q3 25
$503.8M
$554.6M
Q2 25
$471.9M
$559.6M
Q1 25
$455.3M
$578.9M
Q4 24
$453.4M
$587.4M
Q3 24
$428.9M
$571.3M
Q2 24
$418.1M
$577.4M
Q1 24
$417.5M
$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
NPK
NPK
SWBI
SWBI
Operating Cash FlowLast quarter
$13.9M
$27.3M
Free Cash FlowOCF − Capex
$12.4M
$16.3M
FCF MarginFCF / Revenue
7.6%
13.1%
Capex IntensityCapex / Revenue
0.9%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$-36.2M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NPK
NPK
SWBI
SWBI
Q4 25
$13.9M
$27.3M
Q3 25
$-24.6M
$-8.1M
Q2 25
$-10.9M
$40.8M
Q1 25
$12.5M
$-9.8M
Q4 24
$-7.6M
$-7.4M
Q3 24
$-17.5M
$-30.8M
Q2 24
$-33.9M
$43.7M
Q1 24
$5.6M
$25.2M
Free Cash Flow
NPK
NPK
SWBI
SWBI
Q4 25
$12.4M
$16.3M
Q3 25
$-24.7M
$-12.4M
Q2 25
$-13.4M
$33.5M
Q1 25
$-10.5M
$-16.1M
Q4 24
$-11.3M
$-10.7M
Q3 24
$-20.3M
$-35.5M
Q2 24
$-34.5M
$38.2M
Q1 24
$5.2M
$7.0M
FCF Margin
NPK
NPK
SWBI
SWBI
Q4 25
7.6%
13.1%
Q3 25
-21.4%
-14.6%
Q2 25
-11.1%
23.8%
Q1 25
-10.2%
-13.9%
Q4 24
-8.4%
-8.3%
Q3 24
-22.1%
-40.2%
Q2 24
-40.6%
24.0%
Q1 24
6.7%
5.1%
Capex Intensity
NPK
NPK
SWBI
SWBI
Q4 25
0.9%
8.8%
Q3 25
0.1%
5.0%
Q2 25
2.0%
5.2%
Q1 25
22.2%
5.4%
Q4 24
2.7%
2.5%
Q3 24
3.1%
5.3%
Q2 24
0.8%
3.5%
Q1 24
0.5%
13.2%
Cash Conversion
NPK
NPK
SWBI
SWBI
Q4 25
14.22×
Q3 25
-4.63×
Q2 25
-2.12×
4.73×
Q1 25
1.64×
-4.68×
Q4 24
-1.63×
Q3 24
-2.16×
Q2 24
-5.58×
1.57×
Q1 24
0.85×
3.20×

Financial Flow Comparison

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

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