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Side-by-side financial comparison of Nayax Ltd. (NYAX) 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 $78.1M, roughly 1.6× Nayax Ltd.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -3.9%, a 5.4% gap on every dollar of revenue. On growth, Nayax Ltd. posted the faster year-over-year revenue change (39.0% vs -3.9%).

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

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

NYAX vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.6× larger
SWBI
$124.7M
$78.1M
NYAX
Growing faster (revenue YoY)
NYAX
NYAX
+42.9% gap
NYAX
39.0%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
5.4% more per $
SWBI
1.5%
-3.9%
NYAX

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
NYAX
NYAX
SWBI
SWBI
Revenue
$78.1M
$124.7M
Net Profit
$-3.0M
$1.9M
Gross Margin
44.3%
24.3%
Operating Margin
1.2%
3.3%
Net Margin
-3.9%
1.5%
Revenue YoY
39.0%
-3.9%
Net Profit YoY
24.2%
-53.6%
EPS (diluted)
$-0.08
$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
NYAX
NYAX
SWBI
SWBI
Q4 25
$124.7M
Q3 25
$85.1M
Q2 25
$140.8M
Q1 25
$115.9M
Q4 24
$129.7M
Q3 24
$88.3M
Q2 24
$78.1M
$159.1M
Q1 24
$137.5M
Net Profit
NYAX
NYAX
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$-3.4M
Q2 25
$8.6M
Q1 25
$2.1M
Q4 24
$4.5M
Q3 24
$-1.9M
Q2 24
$-3.0M
$27.9M
Q1 24
$7.9M
Gross Margin
NYAX
NYAX
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
44.3%
35.5%
Q1 24
28.7%
Operating Margin
NYAX
NYAX
SWBI
SWBI
Q4 25
3.3%
Q3 25
-3.5%
Q2 25
9.3%
Q1 25
4.1%
Q4 24
5.8%
Q3 24
-1.7%
Q2 24
1.2%
17.4%
Q1 24
8.2%
Net Margin
NYAX
NYAX
SWBI
SWBI
Q4 25
1.5%
Q3 25
-4.0%
Q2 25
6.1%
Q1 25
1.8%
Q4 24
3.5%
Q3 24
-2.1%
Q2 24
-3.9%
17.5%
Q1 24
5.7%
EPS (diluted)
NYAX
NYAX
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
$-0.08
$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
NYAX
NYAX
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$61.9M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$158.7M
$363.2M
Total Assets
$434.7M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$25.2M
Q1 25
$26.7M
Q4 24
$39.1M
Q3 24
$35.5M
Q2 24
$61.9M
$60.8M
Q1 24
$47.4M
Stockholders' Equity
NYAX
NYAX
SWBI
SWBI
Q4 25
$363.2M
Q3 25
$364.4M
Q2 25
$372.5M
Q1 25
$366.9M
Q4 24
$371.5M
Q3 24
$380.0M
Q2 24
$158.7M
$399.9M
Q1 24
$376.4M
Total Assets
NYAX
NYAX
SWBI
SWBI
Q4 25
$548.6M
Q3 25
$554.6M
Q2 25
$559.6M
Q1 25
$578.9M
Q4 24
$587.4M
Q3 24
$571.3M
Q2 24
$434.7M
$577.4M
Q1 24
$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
NYAX
NYAX
SWBI
SWBI
Operating Cash FlowLast quarter
$9.2M
$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
NYAX
NYAX
SWBI
SWBI
Q4 25
$27.3M
Q3 25
$-8.1M
Q2 25
$40.8M
Q1 25
$-9.8M
Q4 24
$-7.4M
Q3 24
$-30.8M
Q2 24
$9.2M
$43.7M
Q1 24
$25.2M
Free Cash Flow
NYAX
NYAX
SWBI
SWBI
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 24
$7.0M
FCF Margin
NYAX
NYAX
SWBI
SWBI
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 24
5.1%
Capex Intensity
NYAX
NYAX
SWBI
SWBI
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 24
13.2%
Cash Conversion
NYAX
NYAX
SWBI
SWBI
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.

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