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

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 1.5%, a 17.3% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -3.9%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -4.8%).

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

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

RAMP vs SWBI — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.7× larger
RAMP
$212.2M
$124.7M
SWBI
Growing faster (revenue YoY)
RAMP
RAMP
+12.5% gap
RAMP
8.6%
-3.9%
SWBI
Higher net margin
RAMP
RAMP
17.3% more per $
RAMP
18.8%
1.5%
SWBI
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-4.8%
SWBI

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
RAMP
RAMP
SWBI
SWBI
Revenue
$212.2M
$124.7M
Net Profit
$39.9M
$1.9M
Gross Margin
71.9%
24.3%
Operating Margin
18.6%
3.3%
Net Margin
18.8%
1.5%
Revenue YoY
8.6%
-3.9%
Net Profit YoY
255.7%
-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.

Revenue
RAMP
RAMP
SWBI
SWBI
Q4 25
$212.2M
$124.7M
Q3 25
$199.8M
$85.1M
Q2 25
$194.8M
$140.8M
Q1 25
$188.7M
$115.9M
Q4 24
$195.4M
$129.7M
Q3 24
$185.5M
$88.3M
Q2 24
$176.0M
$159.1M
Q1 24
$171.9M
$137.5M
Net Profit
RAMP
RAMP
SWBI
SWBI
Q4 25
$39.9M
$1.9M
Q3 25
$27.4M
$-3.4M
Q2 25
$7.7M
$8.6M
Q1 25
$-6.3M
$2.1M
Q4 24
$11.2M
$4.5M
Q3 24
$1.7M
$-1.9M
Q2 24
$-7.5M
$27.9M
Q1 24
$-5.4M
$7.9M
Gross Margin
RAMP
RAMP
SWBI
SWBI
Q4 25
71.9%
24.3%
Q3 25
70.2%
25.9%
Q2 25
70.1%
28.8%
Q1 25
69.3%
24.1%
Q4 24
71.9%
26.6%
Q3 24
72.4%
27.4%
Q2 24
70.6%
35.5%
Q1 24
72.2%
28.7%
Operating Margin
RAMP
RAMP
SWBI
SWBI
Q4 25
18.6%
3.3%
Q3 25
10.7%
-3.5%
Q2 25
3.7%
9.3%
Q1 25
-6.1%
4.1%
Q4 24
7.5%
5.8%
Q3 24
4.0%
-1.7%
Q2 24
-3.0%
17.4%
Q1 24
-8.3%
8.2%
Net Margin
RAMP
RAMP
SWBI
SWBI
Q4 25
18.8%
1.5%
Q3 25
13.7%
-4.0%
Q2 25
4.0%
6.1%
Q1 25
-3.3%
1.8%
Q4 24
5.7%
3.5%
Q3 24
0.9%
-2.1%
Q2 24
-4.3%
17.5%
Q1 24
-3.1%
5.7%
EPS (diluted)
RAMP
RAMP
SWBI
SWBI
Q4 25
$0.62
$0.04
Q3 25
$0.42
$-0.08
Q2 25
$0.12
$0.19
Q1 25
$-0.10
$0.05
Q4 24
$0.17
$0.10
Q3 24
$0.03
$-0.04
Q2 24
$-0.11
$0.60
Q1 24
$-0.09
$0.17

Balance Sheet & Financial Strength

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

Metric
RAMP
RAMP
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$403.4M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$962.3M
$363.2M
Total Assets
$1.3B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RAMP
RAMP
SWBI
SWBI
Q4 25
$403.4M
$22.4M
Q3 25
$376.9M
$18.0M
Q2 25
$371.1M
$25.2M
Q1 25
$420.8M
$26.7M
Q4 24
$384.3M
$39.1M
Q3 24
$348.4M
$35.5M
Q2 24
$342.7M
$60.8M
Q1 24
$368.9M
$47.4M
Stockholders' Equity
RAMP
RAMP
SWBI
SWBI
Q4 25
$962.3M
$363.2M
Q3 25
$943.8M
$364.4M
Q2 25
$947.8M
$372.5M
Q1 25
$948.9M
$366.9M
Q4 24
$957.7M
$371.5M
Q3 24
$932.1M
$380.0M
Q2 24
$951.9M
$399.9M
Q1 24
$949.1M
$376.4M
Total Assets
RAMP
RAMP
SWBI
SWBI
Q4 25
$1.3B
$548.6M
Q3 25
$1.2B
$554.6M
Q2 25
$1.2B
$559.6M
Q1 25
$1.3B
$578.9M
Q4 24
$1.3B
$587.4M
Q3 24
$1.2B
$571.3M
Q2 24
$1.2B
$577.4M
Q1 24
$1.2B
$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
RAMP
RAMP
SWBI
SWBI
Operating Cash FlowLast quarter
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.1%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RAMP
RAMP
SWBI
SWBI
Q4 25
$27.3M
Q3 25
$57.4M
$-8.1M
Q2 25
$-15.8M
$40.8M
Q1 25
$-9.8M
Q4 24
$45.1M
$-7.4M
Q3 24
$55.6M
$-30.8M
Q2 24
$-9.3M
$43.7M
Q1 24
$25.2M
Free Cash Flow
RAMP
RAMP
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$56.8M
$-12.4M
Q2 25
$-16.2M
$33.5M
Q1 25
$-16.1M
Q4 24
$44.8M
$-10.7M
Q3 24
$55.4M
$-35.5M
Q2 24
$-9.6M
$38.2M
Q1 24
$7.0M
FCF Margin
RAMP
RAMP
SWBI
SWBI
Q4 25
13.1%
Q3 25
28.4%
-14.6%
Q2 25
-8.3%
23.8%
Q1 25
-13.9%
Q4 24
22.9%
-8.3%
Q3 24
29.8%
-40.2%
Q2 24
-5.4%
24.0%
Q1 24
5.1%
Capex Intensity
RAMP
RAMP
SWBI
SWBI
Q4 25
0.1%
8.8%
Q3 25
0.3%
5.0%
Q2 25
0.2%
5.2%
Q1 25
0.2%
5.4%
Q4 24
0.1%
2.5%
Q3 24
0.1%
5.3%
Q2 24
0.1%
3.5%
Q1 24
1.0%
13.2%
Cash Conversion
RAMP
RAMP
SWBI
SWBI
Q4 25
14.22×
Q3 25
2.09×
Q2 25
-2.04×
4.73×
Q1 25
-4.68×
Q4 24
4.02×
-1.63×
Q3 24
32.10×
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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