vs
Side-by-side financial comparison of OneSpan Inc. (OSPN) 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 $65.9M, roughly 1.9× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs 1.5%, a 16.0% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -3.9%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -4.8%).
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
OSPN vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $65.9M | $124.7M |
| Net Profit | $11.6M | $1.9M |
| Gross Margin | 73.6% | 24.3% |
| Operating Margin | 22.5% | 3.3% |
| Net Margin | 17.5% | 1.5% |
| Revenue YoY | 4.1% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $0.39 | $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 | $65.9M | — | ||
| Q4 25 | $62.9M | $124.7M | ||
| Q3 25 | $57.1M | $85.1M | ||
| Q2 25 | $59.8M | $140.8M | ||
| Q1 25 | $63.4M | $115.9M | ||
| Q4 24 | $61.2M | $129.7M | ||
| Q3 24 | $56.2M | $88.3M | ||
| Q2 24 | $60.9M | $159.1M |
| Q1 26 | $11.6M | — | ||
| Q4 25 | $43.5M | $1.9M | ||
| Q3 25 | $6.5M | $-3.4M | ||
| Q2 25 | $8.3M | $8.6M | ||
| Q1 25 | $14.5M | $2.1M | ||
| Q4 24 | $28.8M | $4.5M | ||
| Q3 24 | $8.3M | $-1.9M | ||
| Q2 24 | $6.6M | $27.9M |
| Q1 26 | 73.6% | — | ||
| Q4 25 | 73.6% | 24.3% | ||
| Q3 25 | 73.6% | 25.9% | ||
| Q2 25 | 73.5% | 28.8% | ||
| Q1 25 | 74.3% | 24.1% | ||
| Q4 24 | 74.0% | 26.6% | ||
| Q3 24 | 73.9% | 27.4% | ||
| Q2 24 | 66.2% | 35.5% |
| Q1 26 | 22.5% | — | ||
| Q4 25 | 19.9% | 3.3% | ||
| Q3 25 | 14.4% | -3.5% | ||
| Q2 25 | 17.6% | 9.3% | ||
| Q1 25 | 27.1% | 4.1% | ||
| Q4 24 | 19.3% | 5.8% | ||
| Q3 24 | 20.0% | -1.7% | ||
| Q2 24 | 12.5% | 17.4% |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 69.2% | 1.5% | ||
| Q3 25 | 11.4% | -4.0% | ||
| Q2 25 | 13.9% | 6.1% | ||
| Q1 25 | 22.9% | 1.8% | ||
| Q4 24 | 47.1% | 3.5% | ||
| Q3 24 | 14.7% | -2.1% | ||
| Q2 24 | 10.8% | 17.5% |
| Q1 26 | $0.39 | — | ||
| Q4 25 | $1.13 | $0.04 | ||
| Q3 25 | $0.17 | $-0.08 | ||
| Q2 25 | $0.21 | $0.19 | ||
| Q1 25 | $0.37 | $0.05 | ||
| Q4 24 | $0.73 | $0.10 | ||
| Q3 24 | $0.21 | $-0.04 | ||
| Q2 24 | $0.17 | $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 | $49.8M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $272.0M | $363.2M |
| Total Assets | $383.1M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.8M | — | ||
| Q4 25 | $70.5M | $22.4M | ||
| Q3 25 | $85.6M | $18.0M | ||
| Q2 25 | $92.9M | $25.2M | ||
| Q1 25 | $105.2M | $26.7M | ||
| Q4 24 | $83.2M | $39.1M | ||
| Q3 24 | $77.5M | $35.5M | ||
| Q2 24 | $63.8M | $60.8M |
| Q1 26 | $272.0M | — | ||
| Q4 25 | $271.8M | $363.2M | ||
| Q3 25 | $238.3M | $364.4M | ||
| Q2 25 | $242.5M | $372.5M | ||
| Q1 25 | $231.1M | $366.9M | ||
| Q4 24 | $212.5M | $371.5M | ||
| Q3 24 | $194.6M | $380.0M | ||
| Q2 24 | $178.6M | $399.9M |
| Q1 26 | $383.1M | — | ||
| Q4 25 | $397.7M | $548.6M | ||
| Q3 25 | $343.5M | $554.6M | ||
| Q2 25 | $357.1M | $559.6M | ||
| Q1 25 | $333.8M | $578.9M | ||
| Q4 24 | $338.7M | $587.4M | ||
| Q3 24 | $289.3M | $571.3M | ||
| Q2 24 | $286.9M | $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 | $28.2M | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 2.44× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.2M | — | ||
| Q4 25 | $12.6M | $27.3M | ||
| Q3 25 | $11.3M | $-8.1M | ||
| Q2 25 | $6.2M | $40.8M | ||
| Q1 25 | $29.4M | $-9.8M | ||
| Q4 24 | $12.4M | $-7.4M | ||
| Q3 24 | $14.0M | $-30.8M | ||
| Q2 24 | $2.3M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | $9.6M | $16.3M | ||
| Q3 25 | $8.8M | $-12.4M | ||
| Q2 25 | $4.4M | $33.5M | ||
| Q1 25 | $27.7M | $-16.1M | ||
| Q4 24 | $10.5M | $-10.7M | ||
| Q3 24 | $12.0M | $-35.5M | ||
| Q2 24 | $26.0K | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 13.1% | ||
| Q3 25 | 15.4% | -14.6% | ||
| Q2 25 | 7.3% | 23.8% | ||
| Q1 25 | 43.8% | -13.9% | ||
| Q4 24 | 17.1% | -8.3% | ||
| Q3 24 | 21.4% | -40.2% | ||
| Q2 24 | 0.0% | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 8.8% | ||
| Q3 25 | 4.4% | 5.0% | ||
| Q2 25 | 3.1% | 5.2% | ||
| Q1 25 | 2.6% | 5.4% | ||
| Q4 24 | 3.2% | 2.5% | ||
| Q3 24 | 3.5% | 5.3% | ||
| Q2 24 | 3.7% | 3.5% |
| Q1 26 | 2.44× | — | ||
| Q4 25 | 0.29× | 14.22× | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 0.75× | 4.73× | ||
| Q1 25 | 2.02× | -4.68× | ||
| Q4 24 | 0.43× | -1.63× | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 0.35× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
SWBI
Segment breakdown not available.
