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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $124.7M, roughly 1.1× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -2.3%, a 3.8% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -4.8%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PRPL vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $124.7M |
| Net Profit | $-3.2M | $1.9M |
| Gross Margin | 41.9% | 24.3% |
| Operating Margin | -1.6% | 3.3% |
| Net Margin | -2.3% | 1.5% |
| Revenue YoY | 9.1% | -3.9% |
| Net Profit YoY | 62.1% | -53.6% |
| EPS (diluted) | $0.03 | $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 | $140.7M | $124.7M | ||
| Q3 25 | $118.8M | $85.1M | ||
| Q2 25 | $105.1M | $140.8M | ||
| Q1 25 | $104.2M | $115.9M | ||
| Q4 24 | $129.0M | $129.7M | ||
| Q3 24 | $118.6M | $88.3M | ||
| Q2 24 | $120.3M | $159.1M | ||
| Q1 24 | $120.0M | $137.5M |
| Q4 25 | $-3.2M | $1.9M | ||
| Q3 25 | $-11.7M | $-3.4M | ||
| Q2 25 | $-17.3M | $8.6M | ||
| Q1 25 | $-19.1M | $2.1M | ||
| Q4 24 | $-8.5M | $4.5M | ||
| Q3 24 | $-39.2M | $-1.9M | ||
| Q2 24 | $27.0K | $27.9M | ||
| Q1 24 | $-50.2M | $7.9M |
| Q4 25 | 41.9% | 24.3% | ||
| Q3 25 | 42.8% | 25.9% | ||
| Q2 25 | 35.9% | 28.8% | ||
| Q1 25 | 39.4% | 24.1% | ||
| Q4 24 | 42.9% | 26.6% | ||
| Q3 24 | 29.7% | 27.4% | ||
| Q2 24 | 40.7% | 35.5% | ||
| Q1 24 | 34.8% | 28.7% |
| Q4 25 | -1.6% | 3.3% | ||
| Q3 25 | -10.2% | -3.5% | ||
| Q2 25 | -13.5% | 9.3% | ||
| Q1 25 | -13.9% | 4.1% | ||
| Q4 24 | -6.0% | 5.8% | ||
| Q3 24 | -39.5% | -1.7% | ||
| Q2 24 | -12.1% | 17.4% | ||
| Q1 24 | -19.3% | 8.2% |
| Q4 25 | -2.3% | 1.5% | ||
| Q3 25 | -9.9% | -4.0% | ||
| Q2 25 | -16.5% | 6.1% | ||
| Q1 25 | -18.4% | 1.8% | ||
| Q4 24 | -6.6% | 3.5% | ||
| Q3 24 | -33.1% | -2.1% | ||
| Q2 24 | 0.0% | 17.5% | ||
| Q1 24 | -41.8% | 5.7% |
| Q4 25 | $0.03 | $0.04 | ||
| Q3 25 | $0.11 | $-0.08 | ||
| Q2 25 | $0.16 | $0.19 | ||
| Q1 25 | $0.18 | $0.05 | ||
| Q4 24 | $0.08 | $0.10 | ||
| Q3 24 | $0.36 | $-0.04 | ||
| Q2 24 | $0.00 | $0.60 | ||
| Q1 24 | $0.47 | $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 | $24.3M | $22.4M |
| Total DebtLower is stronger | $126.7M | — |
| Stockholders' EquityBook value | $-29.7M | $363.2M |
| Total Assets | $296.3M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $22.4M | ||
| Q3 25 | $32.4M | $18.0M | ||
| Q2 25 | $34.2M | $25.2M | ||
| Q1 25 | $21.6M | $26.7M | ||
| Q4 24 | $29.0M | $39.1M | ||
| Q3 24 | $23.4M | $35.5M | ||
| Q2 24 | $23.4M | $60.8M | ||
| Q1 24 | $34.5M | $47.4M |
| Q4 25 | $126.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $70.7M | — | ||
| Q3 24 | $50.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-29.7M | $363.2M | ||
| Q3 25 | $-26.9M | $364.4M | ||
| Q2 25 | $-15.6M | $372.5M | ||
| Q1 25 | $1.3M | $366.9M | ||
| Q4 24 | $20.2M | $371.5M | ||
| Q3 24 | $28.0M | $380.0M | ||
| Q2 24 | $66.4M | $399.9M | ||
| Q1 24 | $65.5M | $376.4M |
| Q4 25 | $296.3M | $548.6M | ||
| Q3 25 | $302.1M | $554.6M | ||
| Q2 25 | $303.8M | $559.6M | ||
| Q1 25 | $293.8M | $578.9M | ||
| Q4 24 | $307.8M | $587.4M | ||
| Q3 24 | $309.3M | $571.3M | ||
| Q2 24 | $362.1M | $577.4M | ||
| Q1 24 | $382.1M | $570.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M | $27.3M |
| Free Cash FlowOCF − Capex | $-7.8M | $16.3M |
| FCF MarginFCF / Revenue | -5.5% | 13.1% |
| Capex IntensityCapex / Revenue | 1.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $27.3M | ||
| Q3 25 | $-968.0K | $-8.1M | ||
| Q2 25 | $-4.0M | $40.8M | ||
| Q1 25 | $-23.1M | $-9.8M | ||
| Q4 24 | $6.8M | $-7.4M | ||
| Q3 24 | $1.1M | $-30.8M | ||
| Q2 24 | $-8.9M | $43.7M | ||
| Q1 24 | $-16.8M | $25.2M |
| Q4 25 | $-7.8M | $16.3M | ||
| Q3 25 | $-1.8M | $-12.4M | ||
| Q2 25 | $-7.0M | $33.5M | ||
| Q1 25 | $-25.3M | $-16.1M | ||
| Q4 24 | $5.7M | $-10.7M | ||
| Q3 24 | $101.0K | $-35.5M | ||
| Q2 24 | $-11.0M | $38.2M | ||
| Q1 24 | $-19.9M | $7.0M |
| Q4 25 | -5.5% | 13.1% | ||
| Q3 25 | -1.5% | -14.6% | ||
| Q2 25 | -6.6% | 23.8% | ||
| Q1 25 | -24.3% | -13.9% | ||
| Q4 24 | 4.4% | -8.3% | ||
| Q3 24 | 0.1% | -40.2% | ||
| Q2 24 | -9.2% | 24.0% | ||
| Q1 24 | -16.5% | 5.1% |
| Q4 25 | 1.4% | 8.8% | ||
| Q3 25 | 0.7% | 5.0% | ||
| Q2 25 | 2.8% | 5.2% | ||
| Q1 25 | 2.2% | 5.4% | ||
| Q4 24 | 0.8% | 2.5% | ||
| Q3 24 | 0.9% | 5.3% | ||
| Q2 24 | 1.7% | 3.5% | ||
| Q1 24 | 2.5% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | -330.22× | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
SWBI
Segment breakdown not available.
