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Side-by-side financial comparison of Planet Labs PBC (PL) 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 $81.3M, roughly 1.5× Planet Labs PBC). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -72.8%, a 74.4% gap on every dollar of revenue. On growth, Planet Labs PBC posted the faster year-over-year revenue change (32.6% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $1.9M). Over the past eight quarters, Planet Labs PBC's revenue compounded faster (17.5% CAGR vs -4.8%).
Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PL vs SWBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $81.3M | $124.7M |
| Net Profit | $-59.2M | $1.9M |
| Gross Margin | 57.3% | 24.3% |
| Operating Margin | -22.6% | 3.3% |
| Net Margin | -72.8% | 1.5% |
| Revenue YoY | 32.6% | -3.9% |
| Net Profit YoY | -194.7% | -53.6% |
| EPS (diluted) | $-0.19 | $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.
| Q4 25 | $81.3M | $124.7M | ||
| Q3 25 | $73.4M | $85.1M | ||
| Q2 25 | $66.3M | $140.8M | ||
| Q1 25 | $61.6M | $115.9M | ||
| Q4 24 | $61.3M | $129.7M | ||
| Q3 24 | $61.1M | $88.3M | ||
| Q2 24 | $60.4M | $159.1M | ||
| Q1 24 | $58.9M | $137.5M |
| Q4 25 | $-59.2M | $1.9M | ||
| Q3 25 | $-22.6M | $-3.4M | ||
| Q2 25 | $-12.6M | $8.6M | ||
| Q1 25 | $-35.2M | $2.1M | ||
| Q4 24 | $-20.1M | $4.5M | ||
| Q3 24 | $-38.7M | $-1.9M | ||
| Q2 24 | $-29.3M | $27.9M | ||
| Q1 24 | $-30.1M | $7.9M |
| Q4 25 | 57.3% | 24.3% | ||
| Q3 25 | 57.6% | 25.9% | ||
| Q2 25 | 55.2% | 28.8% | ||
| Q1 25 | 62.1% | 24.1% | ||
| Q4 24 | 61.2% | 26.6% | ||
| Q3 24 | 52.9% | 27.4% | ||
| Q2 24 | 52.4% | 35.5% | ||
| Q1 24 | 55.2% | 28.7% |
| Q4 25 | -22.6% | 3.3% | ||
| Q3 25 | -24.5% | -3.5% | ||
| Q2 25 | -34.4% | 9.3% | ||
| Q1 25 | -31.5% | 4.1% | ||
| Q4 24 | -36.9% | 5.8% | ||
| Q3 24 | -64.8% | -1.7% | ||
| Q2 24 | -57.2% | 17.4% | ||
| Q1 24 | -57.6% | 8.2% |
| Q4 25 | -72.8% | 1.5% | ||
| Q3 25 | -30.8% | -4.0% | ||
| Q2 25 | -19.1% | 6.1% | ||
| Q1 25 | -57.1% | 1.8% | ||
| Q4 24 | -32.8% | 3.5% | ||
| Q3 24 | -63.3% | -2.1% | ||
| Q2 24 | -48.5% | 17.5% | ||
| Q1 24 | -51.1% | 5.7% |
| Q4 25 | $-0.19 | $0.04 | ||
| Q3 25 | $-0.07 | $-0.08 | ||
| Q2 25 | $-0.04 | $0.19 | ||
| Q1 25 | $-0.12 | $0.05 | ||
| Q4 24 | $-0.07 | $0.10 | ||
| Q3 24 | $-0.13 | $-0.04 | ||
| Q2 24 | $-0.10 | $0.60 | ||
| Q1 24 | $-0.10 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $443.3M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $349.6M | $363.2M |
| Total Assets | $1.1B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $443.3M | $22.4M | ||
| Q3 25 | $181.1M | $18.0M | ||
| Q2 25 | $133.5M | $25.2M | ||
| Q1 25 | $118.0M | $26.7M | ||
| Q4 24 | $139.0M | $39.1M | ||
| Q3 24 | $148.3M | $35.5M | ||
| Q2 24 | $107.4M | $60.8M | ||
| Q1 24 | $83.9M | $47.4M |
| Q4 25 | $349.6M | $363.2M | ||
| Q3 25 | $435.7M | $364.4M | ||
| Q2 25 | $444.8M | $372.5M | ||
| Q1 25 | $441.3M | $366.9M | ||
| Q4 24 | $464.6M | $371.5M | ||
| Q3 24 | $473.2M | $380.0M | ||
| Q2 24 | $500.3M | $399.9M | ||
| Q1 24 | $518.0M | $376.4M |
| Q4 25 | $1.1B | $548.6M | ||
| Q3 25 | $696.4M | $554.6M | ||
| Q2 25 | $658.4M | $559.6M | ||
| Q1 25 | $633.8M | $578.9M | ||
| Q4 24 | $630.8M | $587.4M | ||
| Q3 24 | $658.4M | $571.3M | ||
| Q2 24 | $674.6M | $577.4M | ||
| Q1 24 | $702.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.6M | $27.3M |
| Free Cash FlowOCF − Capex | $1.9M | $16.3M |
| FCF MarginFCF / Revenue | 2.3% | 13.1% |
| Capex IntensityCapex / Revenue | 32.9% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $40.7M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $27.3M | ||
| Q3 25 | $67.8M | $-8.1M | ||
| Q2 25 | $17.3M | $40.8M | ||
| Q1 25 | $-6.3M | $-9.8M | ||
| Q4 24 | $4.1M | $-7.4M | ||
| Q3 24 | $-7.9M | $-30.8M | ||
| Q2 24 | $-4.3M | $43.7M | ||
| Q1 24 | $-6.8M | $25.2M |
| Q4 25 | $1.9M | $16.3M | ||
| Q3 25 | $47.5M | $-12.4M | ||
| Q2 25 | $9.2M | $33.5M | ||
| Q1 25 | $-17.9M | $-16.1M | ||
| Q4 24 | $-3.6M | $-10.7M | ||
| Q3 24 | $-23.0M | $-35.5M | ||
| Q2 24 | $-14.2M | $38.2M | ||
| Q1 24 | $-15.7M | $7.0M |
| Q4 25 | 2.3% | 13.1% | ||
| Q3 25 | 64.7% | -14.6% | ||
| Q2 25 | 13.9% | 23.8% | ||
| Q1 25 | -29.1% | -13.9% | ||
| Q4 24 | -5.8% | -8.3% | ||
| Q3 24 | -37.6% | -40.2% | ||
| Q2 24 | -23.6% | 24.0% | ||
| Q1 24 | -26.7% | 5.1% |
| Q4 25 | 32.9% | 8.8% | ||
| Q3 25 | 27.6% | 5.0% | ||
| Q2 25 | 12.3% | 5.2% | ||
| Q1 25 | 18.9% | 5.4% | ||
| Q4 24 | 12.5% | 2.5% | ||
| Q3 24 | 24.8% | 5.3% | ||
| Q2 24 | 16.4% | 3.5% | ||
| Q1 24 | 15.1% | 13.2% |
| 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.
Revenue Breakdown by Segment
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
SWBI
Segment breakdown not available.
