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Side-by-side financial comparison of PTC THERAPEUTICS, INC. (PTCT) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $124.7M, roughly 1.3× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -82.0%, a 83.5% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -22.7%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-36.6M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -11.5%).

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

PTCT vs SWBI — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.3× larger
PTCT
$164.7M
$124.7M
SWBI
Growing faster (revenue YoY)
SWBI
SWBI
+18.9% gap
SWBI
-3.9%
-22.7%
PTCT
Higher net margin
SWBI
SWBI
83.5% more per $
SWBI
1.5%
-82.0%
PTCT
More free cash flow
SWBI
SWBI
$52.9M more FCF
SWBI
$16.3M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
SWBI
SWBI
Annualised
SWBI
-4.8%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PTCT
PTCT
SWBI
SWBI
Revenue
$164.7M
$124.7M
Net Profit
$-135.0M
$1.9M
Gross Margin
24.3%
Operating Margin
-43.3%
3.3%
Net Margin
-82.0%
1.5%
Revenue YoY
-22.7%
-3.9%
Net Profit YoY
-104.8%
-53.6%
EPS (diluted)
$-1.63
$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.

Revenue
PTCT
PTCT
SWBI
SWBI
Q4 25
$164.7M
$124.7M
Q3 25
$211.0M
$85.1M
Q2 25
$178.9M
$140.8M
Q1 25
$1.2B
$115.9M
Q4 24
$213.2M
$129.7M
Q3 24
$196.8M
$88.3M
Q2 24
$186.7M
$159.1M
Q1 24
$210.1M
$137.5M
Net Profit
PTCT
PTCT
SWBI
SWBI
Q4 25
$-135.0M
$1.9M
Q3 25
$15.9M
$-3.4M
Q2 25
$-64.8M
$8.6M
Q1 25
$866.6M
$2.1M
Q4 24
$-65.9M
$4.5M
Q3 24
$-106.7M
$-1.9M
Q2 24
$-99.2M
$27.9M
Q1 24
$-91.6M
$7.9M
Gross Margin
PTCT
PTCT
SWBI
SWBI
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%
Operating Margin
PTCT
PTCT
SWBI
SWBI
Q4 25
-43.3%
3.3%
Q3 25
1.4%
-3.5%
Q2 25
-19.5%
9.3%
Q1 25
82.5%
4.1%
Q4 24
-76.2%
5.8%
Q3 24
-27.7%
-1.7%
Q2 24
-21.5%
17.4%
Q1 24
-21.6%
8.2%
Net Margin
PTCT
PTCT
SWBI
SWBI
Q4 25
-82.0%
1.5%
Q3 25
7.5%
-4.0%
Q2 25
-36.3%
6.1%
Q1 25
73.7%
1.8%
Q4 24
-30.9%
3.5%
Q3 24
-54.2%
-2.1%
Q2 24
-53.1%
17.5%
Q1 24
-43.6%
5.7%
EPS (diluted)
PTCT
PTCT
SWBI
SWBI
Q4 25
$-1.63
$0.04
Q3 25
$0.20
$-0.08
Q2 25
$-0.83
$0.19
Q1 25
$10.04
$0.05
Q4 24
$-0.85
$0.10
Q3 24
$-1.39
$-0.04
Q2 24
$-1.29
$0.60
Q1 24
$-1.20
$0.17

Balance Sheet & Financial Strength

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

Metric
PTCT
PTCT
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$1.9B
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-205.3M
$363.2M
Total Assets
$2.9B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTCT
PTCT
SWBI
SWBI
Q4 25
$1.9B
$22.4M
Q3 25
$1.7B
$18.0M
Q2 25
$2.0B
$25.2M
Q1 25
$2.0B
$26.7M
Q4 24
$1.1B
$39.1M
Q3 24
$1.0B
$35.5M
Q2 24
$1.1B
$60.8M
Q1 24
$884.8M
$47.4M
Stockholders' Equity
PTCT
PTCT
SWBI
SWBI
Q4 25
$-205.3M
$363.2M
Q3 25
$-155.8M
$364.4M
Q2 25
$-206.5M
$372.5M
Q1 25
$-185.8M
$366.9M
Q4 24
$-1.1B
$371.5M
Q3 24
$-1.1B
$380.0M
Q2 24
$-980.2M
$399.9M
Q1 24
$-893.9M
$376.4M
Total Assets
PTCT
PTCT
SWBI
SWBI
Q4 25
$2.9B
$548.6M
Q3 25
$2.6B
$554.6M
Q2 25
$2.6B
$559.6M
Q1 25
$2.7B
$578.9M
Q4 24
$1.7B
$587.4M
Q3 24
$1.8B
$571.3M
Q2 24
$1.9B
$577.4M
Q1 24
$1.8B
$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
PTCT
PTCT
SWBI
SWBI
Operating Cash FlowLast quarter
$-34.3M
$27.3M
Free Cash FlowOCF − Capex
$-36.6M
$16.3M
FCF MarginFCF / Revenue
-22.3%
13.1%
Capex IntensityCapex / Revenue
1.4%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$702.3M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTCT
PTCT
SWBI
SWBI
Q4 25
$-34.3M
$27.3M
Q3 25
$-66.3M
$-8.1M
Q2 25
$-58.3M
$40.8M
Q1 25
$870.1M
$-9.8M
Q4 24
$-30.0M
$-7.4M
Q3 24
$-77.0M
$-30.8M
Q2 24
$-71.5M
$43.7M
Q1 24
$70.8M
$25.2M
Free Cash Flow
PTCT
PTCT
SWBI
SWBI
Q4 25
$-36.6M
$16.3M
Q3 25
$-69.7M
$-12.4M
Q2 25
$-59.6M
$33.5M
Q1 25
$868.4M
$-16.1M
Q4 24
$-33.8M
$-10.7M
Q3 24
$-77.5M
$-35.5M
Q2 24
$-78.8M
$38.2M
Q1 24
$61.2M
$7.0M
FCF Margin
PTCT
PTCT
SWBI
SWBI
Q4 25
-22.3%
13.1%
Q3 25
-33.1%
-14.6%
Q2 25
-33.3%
23.8%
Q1 25
73.8%
-13.9%
Q4 24
-15.8%
-8.3%
Q3 24
-39.4%
-40.2%
Q2 24
-42.2%
24.0%
Q1 24
29.1%
5.1%
Capex Intensity
PTCT
PTCT
SWBI
SWBI
Q4 25
1.4%
8.8%
Q3 25
1.6%
5.0%
Q2 25
0.7%
5.2%
Q1 25
0.1%
5.4%
Q4 24
1.8%
2.5%
Q3 24
0.3%
5.3%
Q2 24
4.0%
3.5%
Q1 24
4.6%
13.2%
Cash Conversion
PTCT
PTCT
SWBI
SWBI
Q4 25
14.22×
Q3 25
-4.17×
Q2 25
4.73×
Q1 25
1.00×
-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.

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