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Side-by-side financial comparison of PubMatic, Inc. (PUBM) 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 $62.6M, roughly 2.0× PubMatic, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -20.0%, a 21.5% gap on every dollar of revenue. On growth, PubMatic, Inc. posted the faster year-over-year revenue change (-2.0% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $10.7M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (-3.6% CAGR vs -4.8%).
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PUBM vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $62.6M | $124.7M |
| Net Profit | $-12.5M | $1.9M |
| Gross Margin | 58.3% | 24.3% |
| Operating Margin | 17.3% | 3.3% |
| Net Margin | -20.0% | 1.5% |
| Revenue YoY | -2.0% | -3.9% |
| Net Profit YoY | -31.9% | -53.6% |
| EPS (diluted) | $-0.27 | $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.
| Q1 26 | $62.6M | — | ||
| Q4 25 | $80.0M | $124.7M | ||
| Q3 25 | $68.0M | $85.1M | ||
| Q2 25 | $71.1M | $140.8M | ||
| Q1 25 | $63.8M | $115.9M | ||
| Q4 24 | $85.5M | $129.7M | ||
| Q3 24 | $71.8M | $88.3M | ||
| Q2 24 | $67.3M | $159.1M |
| Q1 26 | $-12.5M | — | ||
| Q4 25 | — | $1.9M | ||
| Q3 25 | $-6.5M | $-3.4M | ||
| Q2 25 | $-5.2M | $8.6M | ||
| Q1 25 | $-9.5M | $2.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-912.0K | $-1.9M | ||
| Q2 24 | $2.0M | $27.9M |
| Q1 26 | 58.3% | — | ||
| Q4 25 | 68.2% | 24.3% | ||
| Q3 25 | 62.6% | 25.9% | ||
| Q2 25 | 62.6% | 28.8% | ||
| Q1 25 | 59.9% | 24.1% | ||
| Q4 24 | 70.8% | 26.6% | ||
| Q3 24 | 64.5% | 27.4% | ||
| Q2 24 | 62.6% | 35.5% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 10.6% | 3.3% | ||
| Q3 25 | -12.4% | -3.5% | ||
| Q2 25 | -7.7% | 9.3% | ||
| Q1 25 | -18.6% | 4.1% | ||
| Q4 24 | 17.3% | 5.8% | ||
| Q3 24 | -1.9% | -1.7% | ||
| Q2 24 | -5.9% | 17.4% |
| Q1 26 | -20.0% | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | -9.5% | -4.0% | ||
| Q2 25 | -7.3% | 6.1% | ||
| Q1 25 | -14.9% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | -1.3% | -2.1% | ||
| Q2 24 | 2.9% | 17.5% |
| Q1 26 | $-0.27 | — | ||
| Q4 25 | $0.14 | $0.04 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.11 | $0.19 | ||
| Q1 25 | $-0.20 | $0.05 | ||
| Q4 24 | $0.26 | $0.10 | ||
| Q3 24 | $-0.02 | $-0.04 | ||
| Q2 24 | $0.04 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $144.9M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $251.0M | $363.2M |
| Total Assets | $659.4M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $144.9M | — | ||
| Q4 25 | $145.5M | $22.4M | ||
| Q3 25 | $136.5M | $18.0M | ||
| Q2 25 | $90.5M | $25.2M | ||
| Q1 25 | $101.8M | $26.7M | ||
| Q4 24 | $100.5M | $39.1M | ||
| Q3 24 | $78.9M | $35.5M | ||
| Q2 24 | $73.5M | $60.8M |
| Q1 26 | $251.0M | — | ||
| Q4 25 | $262.6M | $363.2M | ||
| Q3 25 | $245.1M | $364.4M | ||
| Q2 25 | $243.3M | $372.5M | ||
| Q1 25 | $275.6M | $366.9M | ||
| Q4 24 | $277.3M | $371.5M | ||
| Q3 24 | $263.2M | $380.0M | ||
| Q2 24 | $282.7M | $399.9M |
| Q1 26 | $659.4M | — | ||
| Q4 25 | $680.2M | $548.6M | ||
| Q3 25 | $676.2M | $554.6M | ||
| Q2 25 | $675.2M | $559.6M | ||
| Q1 25 | $668.6M | $578.9M | ||
| Q4 24 | $739.5M | $587.4M | ||
| Q3 24 | $689.1M | $571.3M | ||
| Q2 24 | $673.1M | $577.4M |
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 | $17.3M | $27.3M |
| Free Cash FlowOCF − Capex | $10.7M | $16.3M |
| FCF MarginFCF / Revenue | 17.1% | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $63.2M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $17.3M | — | ||
| Q4 25 | $18.2M | $27.3M | ||
| Q3 25 | $32.4M | $-8.1M | ||
| Q2 25 | $14.9M | $40.8M | ||
| Q1 25 | $15.6M | $-9.8M | ||
| Q4 24 | $18.0M | $-7.4M | ||
| Q3 24 | $19.1M | $-30.8M | ||
| Q2 24 | $11.9M | $43.7M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $11.3M | $16.3M | ||
| Q3 25 | $27.7M | $-12.4M | ||
| Q2 25 | $13.6M | $33.5M | ||
| Q1 25 | $14.2M | $-16.1M | ||
| Q4 24 | $13.7M | $-10.7M | ||
| Q3 24 | $7.4M | $-35.5M | ||
| Q2 24 | $11.2M | $38.2M |
| Q1 26 | 17.1% | — | ||
| Q4 25 | 14.1% | 13.1% | ||
| Q3 25 | 40.8% | -14.6% | ||
| Q2 25 | 19.1% | 23.8% | ||
| Q1 25 | 22.2% | -13.9% | ||
| Q4 24 | 16.1% | -8.3% | ||
| Q3 24 | 10.3% | -40.2% | ||
| Q2 24 | 16.7% | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | 8.8% | ||
| Q3 25 | 6.9% | 5.0% | ||
| Q2 25 | 1.9% | 5.2% | ||
| Q1 25 | 2.3% | 5.4% | ||
| Q4 24 | 5.1% | 2.5% | ||
| Q3 24 | 16.3% | 5.3% | ||
| Q2 24 | 1.1% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
