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Side-by-side financial comparison of RING ENERGY, INC. (REI) 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 $66.9M, roughly 1.9× RING ENERGY, INC.). On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -19.8%). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -15.9%).

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

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

REI vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.9× larger
SWBI
$124.7M
$66.9M
REI
Growing faster (revenue YoY)
SWBI
SWBI
+16.0% gap
SWBI
-3.9%
-19.8%
REI
Faster 2-yr revenue CAGR
SWBI
SWBI
Annualised
SWBI
-4.8%
-15.9%
REI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
REI
REI
SWBI
SWBI
Revenue
$66.9M
$124.7M
Net Profit
$1.9M
Gross Margin
24.3%
Operating Margin
-37.6%
3.3%
Net Margin
1.5%
Revenue YoY
-19.8%
-3.9%
Net Profit YoY
-53.6%
EPS (diluted)
$-0.07
$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
REI
REI
SWBI
SWBI
Q4 25
$66.9M
$124.7M
Q3 25
$78.6M
$85.1M
Q2 25
$82.6M
$140.8M
Q1 25
$79.1M
$115.9M
Q4 24
$83.4M
$129.7M
Q3 24
$89.2M
$88.3M
Q2 24
$99.1M
$159.1M
Q1 24
$94.5M
$137.5M
Net Profit
REI
REI
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$-51.6M
$-3.4M
Q2 25
$20.6M
$8.6M
Q1 25
$9.1M
$2.1M
Q4 24
$4.5M
Q3 24
$33.9M
$-1.9M
Q2 24
$22.4M
$27.9M
Q1 24
$5.5M
$7.9M
Gross Margin
REI
REI
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
REI
REI
SWBI
SWBI
Q4 25
-37.6%
3.3%
Q3 25
-70.0%
-3.5%
Q2 25
28.4%
9.3%
Q1 25
28.3%
4.1%
Q4 24
28.3%
5.8%
Q3 24
33.4%
-1.7%
Q2 24
42.2%
17.4%
Q1 24
39.8%
8.2%
Net Margin
REI
REI
SWBI
SWBI
Q4 25
1.5%
Q3 25
-65.7%
-4.0%
Q2 25
25.0%
6.1%
Q1 25
11.5%
1.8%
Q4 24
3.5%
Q3 24
38.0%
-2.1%
Q2 24
22.6%
17.5%
Q1 24
5.8%
5.7%
EPS (diluted)
REI
REI
SWBI
SWBI
Q4 25
$-0.07
$0.04
Q3 25
$-0.25
$-0.08
Q2 25
$0.10
$0.19
Q1 25
$0.05
$0.05
Q4 24
$0.03
$0.10
Q3 24
$0.17
$-0.04
Q2 24
$0.11
$0.60
Q1 24
$0.03
$0.17

Balance Sheet & Financial Strength

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

Metric
REI
REI
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$902.9K
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$836.3M
$363.2M
Total Assets
$1.4B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REI
REI
SWBI
SWBI
Q4 25
$902.9K
$22.4M
Q3 25
$286.9K
$18.0M
Q2 25
$25.2M
Q1 25
$1.1M
$26.7M
Q4 24
$1.9M
$39.1M
Q3 24
$35.5M
Q2 24
$1.2M
$60.8M
Q1 24
$1.4M
$47.4M
Stockholders' Equity
REI
REI
SWBI
SWBI
Q4 25
$836.3M
$363.2M
Q3 25
$847.7M
$364.4M
Q2 25
$897.9M
$372.5M
Q1 25
$876.0M
$366.9M
Q4 24
$858.6M
$371.5M
Q3 24
$851.3M
$380.0M
Q2 24
$817.4M
$399.9M
Q1 24
$793.0M
$376.4M
Total Assets
REI
REI
SWBI
SWBI
Q4 25
$1.4B
$548.6M
Q3 25
$1.4B
$554.6M
Q2 25
$1.5B
$559.6M
Q1 25
$1.5B
$578.9M
Q4 24
$1.4B
$587.4M
Q3 24
$1.4B
$571.3M
Q2 24
$1.4B
$577.4M
Q1 24
$1.4B
$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
REI
REI
SWBI
SWBI
Operating Cash FlowLast quarter
$44.7M
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
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
REI
REI
SWBI
SWBI
Q4 25
$44.7M
$27.3M
Q3 25
$44.5M
$-8.1M
Q2 25
$33.3M
$40.8M
Q1 25
$28.4M
$-9.8M
Q4 24
$47.3M
$-7.4M
Q3 24
$51.3M
$-30.8M
Q2 24
$50.6M
$43.7M
Q1 24
$45.2M
$25.2M
Free Cash Flow
REI
REI
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$-12.4M
Q2 25
$33.5M
Q1 25
$-16.1M
Q4 24
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
Q1 24
$7.0M
FCF Margin
REI
REI
SWBI
SWBI
Q4 25
13.1%
Q3 25
-14.6%
Q2 25
23.8%
Q1 25
-13.9%
Q4 24
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Q1 24
5.1%
Capex Intensity
REI
REI
SWBI
SWBI
Q4 25
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
5.4%
Q4 24
2.5%
Q3 24
5.3%
Q2 24
3.5%
Q1 24
13.2%
Cash Conversion
REI
REI
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
1.61×
4.73×
Q1 25
3.11×
-4.68×
Q4 24
-1.63×
Q3 24
1.52×
Q2 24
2.26×
1.57×
Q1 24
8.19×
3.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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