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Side-by-side financial comparison of GrabAGun Digital Holdings Inc. (PEW) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

GrabAGun Digital Holdings Inc. is the larger business by last-quarter revenue ($22.3M vs $13.4M, roughly 1.7× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs -17.2%, a 33.9% gap on every dollar of revenue. Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $-3.1M).

GrabAGun Digital Holdings Inc operates a leading U.S. e-commerce platform selling legal firearms, ammunition, shooting accessories, and outdoor gear. It serves individual customers, licensed firearms dealers, and law enforcement across the U.S., complying with all local, state, and federal firearm sales regulations.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

PEW vs POWW — Head-to-Head

Bigger by revenue
PEW
PEW
1.7× larger
PEW
$22.3M
$13.4M
POWW
Higher net margin
POWW
POWW
33.9% more per $
POWW
16.7%
-17.2%
PEW
More free cash flow
POWW
POWW
$8.1M more FCF
POWW
$5.0M
$-3.1M
PEW

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
PEW
PEW
POWW
POWW
Revenue
$22.3M
$13.4M
Net Profit
$-3.8M
$2.2M
Gross Margin
9.6%
87.1%
Operating Margin
-21.4%
14.7%
Net Margin
-17.2%
16.7%
Revenue YoY
-54.1%
Net Profit YoY
108.5%
EPS (diluted)
$-0.14
$0.01

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
PEW
PEW
POWW
POWW
Q4 25
$13.4M
Q3 25
$22.3M
$12.0M
Q2 25
$11.9M
Q1 25
$12.6M
Q4 24
$12.5M
Q3 24
$12.0M
Q2 24
$12.3M
Q1 24
$-50.7M
Net Profit
PEW
PEW
POWW
POWW
Q4 25
$2.2M
Q3 25
$-3.8M
$1.4M
Q2 25
$-6.5M
Q1 25
$-77.5M
Q4 24
$-26.1M
Q3 24
$-12.4M
Q2 24
$-14.8M
Q1 24
$-5.2M
Gross Margin
PEW
PEW
POWW
POWW
Q4 25
87.1%
Q3 25
9.6%
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
PEW
PEW
POWW
POWW
Q4 25
14.7%
Q3 25
-21.4%
5.9%
Q2 25
-50.7%
Q1 25
-213.6%
Q4 24
-163.8%
Q3 24
-50.3%
Q2 24
-50.8%
Q1 24
Net Margin
PEW
PEW
POWW
POWW
Q4 25
16.7%
Q3 25
-17.2%
11.7%
Q2 25
-54.5%
Q1 25
-614.5%
Q4 24
-208.7%
Q3 24
-103.7%
Q2 24
-120.2%
Q1 24
10.3%
EPS (diluted)
PEW
PEW
POWW
POWW
Q4 25
$0.01
Q3 25
$-0.14
$0.01
Q2 25
$-0.06
Q1 25
$-0.67
Q4 24
$-0.23
Q3 24
$-0.11
Q2 24
$-0.13
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
PEW
PEW
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$109.5M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.6M
$237.3M
Total Assets
$119.8M
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEW
PEW
POWW
POWW
Q4 25
$69.9M
Q3 25
$109.5M
$65.7M
Q2 25
$63.4M
Q1 25
$30.2M
Q4 24
$31.9M
Q3 24
$33.5M
Q2 24
$50.8M
Q1 24
$55.6M
Stockholders' Equity
PEW
PEW
POWW
POWW
Q4 25
$237.3M
Q3 25
$106.6M
$235.4M
Q2 25
$222.5M
Q1 25
$222.0M
Q4 24
$299.6M
Q3 24
$325.6M
Q2 24
$342.5M
Q1 24
$358.0M
Total Assets
PEW
PEW
POWW
POWW
Q4 25
$271.7M
Q3 25
$119.8M
$270.3M
Q2 25
$269.5M
Q1 25
$297.3M
Q4 24
$355.4M
Q3 24
$368.9M
Q2 24
$398.6M
Q1 24
$403.0M

Cash Flow & Capital Efficiency

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

Metric
PEW
PEW
POWW
POWW
Operating Cash FlowLast quarter
$-3.1M
$5.7M
Free Cash FlowOCF − Capex
$-3.1M
$5.0M
FCF MarginFCF / Revenue
-13.9%
37.6%
Capex IntensityCapex / Revenue
0.2%
4.8%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEW
PEW
POWW
POWW
Q4 25
$5.7M
Q3 25
$-3.1M
$3.2M
Q2 25
$-6.7M
Q1 25
$-1.5M
Q4 24
$1.3M
Q3 24
$-9.3M
Q2 24
$-547.5K
Q1 24
$4.3M
Free Cash Flow
PEW
PEW
POWW
POWW
Q4 25
$5.0M
Q3 25
$-3.1M
$2.5M
Q2 25
$-7.6M
Q1 25
$-2.3M
Q4 24
$720.3K
Q3 24
$-10.6M
Q2 24
$-1.3M
Q1 24
$1.4M
FCF Margin
PEW
PEW
POWW
POWW
Q4 25
37.6%
Q3 25
-13.9%
21.0%
Q2 25
-63.8%
Q1 25
-18.6%
Q4 24
5.8%
Q3 24
-88.3%
Q2 24
-11.0%
Q1 24
-2.8%
Capex Intensity
PEW
PEW
POWW
POWW
Q4 25
4.8%
Q3 25
0.2%
5.8%
Q2 25
7.5%
Q1 25
6.5%
Q4 24
4.4%
Q3 24
10.4%
Q2 24
6.5%
Q1 24
-5.7%
Cash Conversion
PEW
PEW
POWW
POWW
Q4 25
2.55×
Q3 25
2.29×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PEW
PEW

Firearm Sales$18.1M81%
Non-Firearm Sales$4.2M19%

POWW
POWW

Segment breakdown not available.

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