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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $124.7M, roughly 1.2× SMITH & WESSON BRANDS, INC.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 1.5%, a 3.3% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -3.9%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $16.3M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs -4.8%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PMTS vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $124.7M |
| Net Profit | $7.3M | $1.9M |
| Gross Margin | 31.5% | 24.3% |
| Operating Margin | 12.0% | 3.3% |
| Net Margin | 4.8% | 1.5% |
| Revenue YoY | 22.3% | -3.9% |
| Net Profit YoY | 8.5% | -53.6% |
| EPS (diluted) | $0.62 | $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 | $153.1M | $124.7M | ||
| Q3 25 | $138.0M | $85.1M | ||
| Q2 25 | $129.8M | $140.8M | ||
| Q1 25 | $122.8M | $115.9M | ||
| Q4 24 | $125.1M | $129.7M | ||
| Q3 24 | $124.8M | $88.3M | ||
| Q2 24 | $118.8M | $159.1M | ||
| Q1 24 | $111.9M | $137.5M |
| Q4 25 | $7.3M | $1.9M | ||
| Q3 25 | $2.3M | $-3.4M | ||
| Q2 25 | $518.0K | $8.6M | ||
| Q1 25 | $4.8M | $2.1M | ||
| Q4 24 | $6.8M | $4.5M | ||
| Q3 24 | $1.3M | $-1.9M | ||
| Q2 24 | $6.0M | $27.9M | ||
| Q1 24 | $5.5M | $7.9M |
| Q4 25 | 31.5% | 24.3% | ||
| Q3 25 | 29.7% | 25.9% | ||
| Q2 25 | 30.9% | 28.8% | ||
| Q1 25 | 33.2% | 24.1% | ||
| Q4 24 | 34.1% | 26.6% | ||
| Q3 24 | 35.8% | 27.4% | ||
| Q2 24 | 35.7% | 35.5% | ||
| Q1 24 | 37.1% | 28.7% |
| Q4 25 | 12.0% | 3.3% | ||
| Q3 25 | 9.4% | -3.5% | ||
| Q2 25 | 7.3% | 9.3% | ||
| Q1 25 | 11.5% | 4.1% | ||
| Q4 24 | 12.7% | 5.8% | ||
| Q3 24 | 14.3% | -1.7% | ||
| Q2 24 | 12.5% | 17.4% | ||
| Q1 24 | 12.6% | 8.2% |
| Q4 25 | 4.8% | 1.5% | ||
| Q3 25 | 1.7% | -4.0% | ||
| Q2 25 | 0.4% | 6.1% | ||
| Q1 25 | 3.9% | 1.8% | ||
| Q4 24 | 5.4% | 3.5% | ||
| Q3 24 | 1.0% | -2.1% | ||
| Q2 24 | 5.1% | 17.5% | ||
| Q1 24 | 4.9% | 5.7% |
| Q4 25 | $0.62 | $0.04 | ||
| Q3 25 | $0.19 | $-0.08 | ||
| Q2 25 | $0.04 | $0.19 | ||
| Q1 25 | $0.40 | $0.05 | ||
| Q4 24 | $0.56 | $0.10 | ||
| Q3 24 | $0.11 | $-0.04 | ||
| Q2 24 | $0.51 | $0.60 | ||
| Q1 24 | $0.46 | $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 | $21.7M | $22.4M |
| Total DebtLower is stronger | $286.7M | — |
| Stockholders' EquityBook value | $-17.3M | $363.2M |
| Total Assets | $403.2M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $22.4M | ||
| Q3 25 | $16.0M | $18.0M | ||
| Q2 25 | $17.1M | $25.2M | ||
| Q1 25 | $31.5M | $26.7M | ||
| Q4 24 | $33.5M | $39.1M | ||
| Q3 24 | $14.7M | $35.5M | ||
| Q2 24 | $7.5M | $60.8M | ||
| Q1 24 | $17.1M | $47.4M |
| Q4 25 | $286.7M | — | ||
| Q3 25 | $308.4M | — | ||
| Q2 25 | $310.9M | — | ||
| Q1 25 | $280.7M | — | ||
| Q4 24 | $280.4M | — | ||
| Q3 24 | $280.2M | — | ||
| Q2 24 | $269.7M | — | ||
| Q1 24 | $265.3M | — |
| Q4 25 | $-17.3M | $363.2M | ||
| Q3 25 | $-25.7M | $364.4M | ||
| Q2 25 | $-29.0M | $372.5M | ||
| Q1 25 | $-29.7M | $366.9M | ||
| Q4 24 | $-35.6M | $371.5M | ||
| Q3 24 | $-42.8M | $380.0M | ||
| Q2 24 | $-44.6M | $399.9M | ||
| Q1 24 | $-48.5M | $376.4M |
| Q4 25 | $403.2M | $548.6M | ||
| Q3 25 | $407.1M | $554.6M | ||
| Q2 25 | $399.8M | $559.6M | ||
| Q1 25 | $351.9M | $578.9M | ||
| Q4 24 | $349.7M | $587.4M | ||
| Q3 24 | $342.3M | $571.3M | ||
| Q2 24 | $321.4M | $577.4M | ||
| Q1 24 | $319.8M | $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 | $39.6M | $27.3M |
| Free Cash FlowOCF − Capex | $35.2M | $16.3M |
| FCF MarginFCF / Revenue | 23.0% | 13.1% |
| Capex IntensityCapex / Revenue | 2.9% | 8.8% |
| Cash ConversionOCF / Net Profit | 5.39× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $27.3M | ||
| Q3 25 | $10.0M | $-8.1M | ||
| Q2 25 | $4.3M | $40.8M | ||
| Q1 25 | $5.6M | $-9.8M | ||
| Q4 24 | $26.7M | $-7.4M | ||
| Q3 24 | $12.5M | $-30.8M | ||
| Q2 24 | $-4.8M | $43.7M | ||
| Q1 24 | $8.9M | $25.2M |
| Q4 25 | $35.2M | $16.3M | ||
| Q3 25 | $5.3M | $-12.4M | ||
| Q2 25 | $533.0K | $33.5M | ||
| Q1 25 | $292.0K | $-16.1M | ||
| Q4 24 | $21.6M | $-10.7M | ||
| Q3 24 | $11.1M | $-35.5M | ||
| Q2 24 | $-6.0M | $38.2M | ||
| Q1 24 | $7.4M | $7.0M |
| Q4 25 | 23.0% | 13.1% | ||
| Q3 25 | 3.8% | -14.6% | ||
| Q2 25 | 0.4% | 23.8% | ||
| Q1 25 | 0.2% | -13.9% | ||
| Q4 24 | 17.3% | -8.3% | ||
| Q3 24 | 8.9% | -40.2% | ||
| Q2 24 | -5.0% | 24.0% | ||
| Q1 24 | 6.6% | 5.1% |
| Q4 25 | 2.9% | 8.8% | ||
| Q3 25 | 3.4% | 5.0% | ||
| Q2 25 | 2.9% | 5.2% | ||
| Q1 25 | 4.3% | 5.4% | ||
| Q4 24 | 4.0% | 2.5% | ||
| Q3 24 | 1.2% | 5.3% | ||
| Q2 24 | 1.0% | 3.5% | ||
| Q1 24 | 1.3% | 13.2% |
| Q4 25 | 5.39× | 14.22× | ||
| Q3 25 | 4.32× | — | ||
| Q2 25 | 8.39× | 4.73× | ||
| Q1 25 | 1.17× | -4.68× | ||
| Q4 24 | 3.94× | -1.63× | ||
| Q3 24 | 9.70× | — | ||
| Q2 24 | -0.79× | 1.57× | ||
| Q1 24 | 1.63× | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
SWBI
Segment breakdown not available.
