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Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) 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 $93.6M, roughly 1.3× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 1.5%, a 54.4% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% CAGR vs -4.8%).
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PMT vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $93.6M | $124.7M |
| Net Profit | $52.4M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 38.6% | 3.3% |
| Net Margin | 56.0% | 1.5% |
| Revenue YoY | -13.3% | -3.9% |
| Net Profit YoY | 12.5% | -53.6% |
| EPS (diluted) | $0.49 | $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 | $93.6M | $124.7M | ||
| Q3 25 | $99.2M | $85.1M | ||
| Q2 25 | $70.2M | $140.8M | ||
| Q1 25 | $44.5M | $115.9M | ||
| Q4 24 | $107.9M | $129.7M | ||
| Q3 24 | $80.9M | $88.3M | ||
| Q2 24 | $71.2M | $159.1M | ||
| Q1 24 | $74.2M | $137.5M |
| Q4 25 | $52.4M | $1.9M | ||
| Q3 25 | $58.3M | $-3.4M | ||
| Q2 25 | $7.5M | $8.6M | ||
| Q1 25 | $9.7M | $2.1M | ||
| Q4 24 | $46.5M | $4.5M | ||
| Q3 24 | $41.4M | $-1.9M | ||
| Q2 24 | $25.4M | $27.9M | ||
| Q1 24 | $47.6M | $7.9M |
| 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 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | 38.6% | 3.3% | ||
| Q3 25 | 47.4% | -3.5% | ||
| Q2 25 | 24.2% | 9.3% | ||
| Q1 25 | -14.2% | 4.1% | ||
| Q4 24 | 51.1% | 5.8% | ||
| Q3 24 | 32.8% | -1.7% | ||
| Q2 24 | 40.2% | 17.4% | ||
| Q1 24 | 43.6% | 8.2% |
| Q4 25 | 56.0% | 1.5% | ||
| Q3 25 | 58.7% | -4.0% | ||
| Q2 25 | 10.7% | 6.1% | ||
| Q1 25 | 21.8% | 1.8% | ||
| Q4 24 | 43.1% | 3.5% | ||
| Q3 24 | 51.2% | -2.1% | ||
| Q2 24 | 35.7% | 17.5% | ||
| Q1 24 | 64.2% | 5.7% |
| Q4 25 | $0.49 | $0.04 | ||
| Q3 25 | $0.55 | $-0.08 | ||
| Q2 25 | $-0.04 | $0.19 | ||
| Q1 25 | $-0.01 | $0.05 | ||
| Q4 24 | $0.45 | $0.10 | ||
| Q3 24 | $0.36 | $-0.04 | ||
| Q2 24 | $0.17 | $0.60 | ||
| Q1 24 | $0.39 | $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 | $190.5M | $22.4M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.9B | $363.2M |
| Total Assets | $21.3B | $548.6M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.5M | $22.4M | ||
| Q3 25 | $181.0M | $18.0M | ||
| Q2 25 | $108.6M | $25.2M | ||
| Q1 25 | $204.2M | $26.7M | ||
| Q4 24 | $103.2M | $39.1M | ||
| Q3 24 | $102.8M | $35.5M | ||
| Q2 24 | $336.3M | $60.8M | ||
| Q1 24 | $343.3M | $47.4M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $299.0M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $968.4M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $5.1B | — |
| Q4 25 | $1.9B | $363.2M | ||
| Q3 25 | $1.9B | $364.4M | ||
| Q2 25 | $1.9B | $372.5M | ||
| Q1 25 | $1.9B | $366.9M | ||
| Q4 24 | $1.9B | $371.5M | ||
| Q3 24 | $1.9B | $380.0M | ||
| Q2 24 | $1.9B | $399.9M | ||
| Q1 24 | $2.0B | $376.4M |
| Q4 25 | $21.3B | $548.6M | ||
| Q3 25 | $18.5B | $554.6M | ||
| Q2 25 | $16.8B | $559.6M | ||
| Q1 25 | $14.9B | $578.9M | ||
| Q4 24 | $14.4B | $587.4M | ||
| Q3 24 | $13.1B | $571.3M | ||
| Q2 24 | $12.1B | $577.4M | ||
| Q1 24 | $12.3B | $570.6M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 2.76× | — | ||
| Q1 24 | 2.60× | — |
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 | $-7.2B | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | -137.76× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.2B | $27.3M | ||
| Q3 25 | $-1.3B | $-8.1M | ||
| Q2 25 | $-2.0B | $40.8M | ||
| Q1 25 | $-594.3M | $-9.8M | ||
| Q4 24 | $-2.7B | $-7.4M | ||
| Q3 24 | $-983.8M | $-30.8M | ||
| Q2 24 | $243.8M | $43.7M | ||
| Q1 24 | $-342.4M | $25.2M |
| 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 |
| 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% |
| 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% |
| Q4 25 | -137.76× | 14.22× | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | 4.73× | ||
| Q1 25 | -61.39× | -4.68× | ||
| Q4 24 | -58.08× | -1.63× | ||
| Q3 24 | -23.76× | — | ||
| Q2 24 | 9.59× | 1.57× | ||
| Q1 24 | -7.19× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
SWBI
Segment breakdown not available.
