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Side-by-side financial comparison of RCI HOSPITALITY HOLDINGS, INC. (RICK) 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 $70.9M, roughly 1.8× RCI HOSPITALITY HOLDINGS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -7.8%, a 9.3% gap on every dollar of revenue. On growth, RCI HOSPITALITY HOLDINGS, INC. posted the faster year-over-year revenue change (-3.1% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $11.5M). Over the past eight quarters, RCI HOSPITALITY HOLDINGS, INC.'s revenue compounded faster (-2.0% CAGR vs -4.8%).

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

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

RICK vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.8× larger
SWBI
$124.7M
$70.9M
RICK
Growing faster (revenue YoY)
RICK
RICK
+0.7% gap
RICK
-3.1%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
9.3% more per $
SWBI
1.5%
-7.8%
RICK
More free cash flow
SWBI
SWBI
$4.8M more FCF
SWBI
$16.3M
$11.5M
RICK
Faster 2-yr revenue CAGR
RICK
RICK
Annualised
RICK
-2.0%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
RICK
RICK
SWBI
SWBI
Revenue
$70.9M
$124.7M
Net Profit
$-5.5M
$1.9M
Gross Margin
24.3%
Operating Margin
-0.7%
3.3%
Net Margin
-7.8%
1.5%
Revenue YoY
-3.1%
-3.9%
Net Profit YoY
-2354.9%
-53.6%
EPS (diluted)
$-0.60
$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
RICK
RICK
SWBI
SWBI
Q4 25
$124.7M
Q3 25
$70.9M
$85.1M
Q2 25
$71.1M
$140.8M
Q1 25
$65.9M
$115.9M
Q4 24
$71.5M
$129.7M
Q3 24
$73.2M
$88.3M
Q2 24
$76.2M
$159.1M
Q1 24
$72.3M
$137.5M
Net Profit
RICK
RICK
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$-5.5M
$-3.4M
Q2 25
$4.1M
$8.6M
Q1 25
$3.2M
$2.1M
Q4 24
$9.0M
$4.5M
Q3 24
$244.0K
$-1.9M
Q2 24
$-5.2M
$27.9M
Q1 24
$774.0K
$7.9M
Gross Margin
RICK
RICK
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
RICK
RICK
SWBI
SWBI
Q4 25
3.3%
Q3 25
-0.7%
-3.5%
Q2 25
12.2%
9.3%
Q1 25
12.4%
4.1%
Q4 24
19.5%
5.8%
Q3 24
4.8%
-1.7%
Q2 24
-3.3%
17.4%
Q1 24
6.4%
8.2%
Net Margin
RICK
RICK
SWBI
SWBI
Q4 25
1.5%
Q3 25
-7.8%
-4.0%
Q2 25
5.7%
6.1%
Q1 25
4.9%
1.8%
Q4 24
12.6%
3.5%
Q3 24
0.3%
-2.1%
Q2 24
-6.9%
17.5%
Q1 24
1.1%
5.7%
EPS (diluted)
RICK
RICK
SWBI
SWBI
Q4 25
$0.04
Q3 25
$-0.60
$-0.08
Q2 25
$0.46
$0.19
Q1 25
$0.36
$0.05
Q4 24
$1.01
$0.10
Q3 24
$0.04
$-0.04
Q2 24
$-0.56
$0.60
Q1 24
$0.08
$0.17

Balance Sheet & Financial Strength

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

Metric
RICK
RICK
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$33.7M
$22.4M
Total DebtLower is stronger
$238.2M
Stockholders' EquityBook value
$261.1M
$363.2M
Total Assets
$596.9M
$548.6M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RICK
RICK
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$33.7M
$18.0M
Q2 25
$29.3M
$25.2M
Q1 25
$32.7M
$26.7M
Q4 24
$34.7M
$39.1M
Q3 24
$32.4M
$35.5M
Q2 24
$34.9M
$60.8M
Q1 24
$20.0M
$47.4M
Total Debt
RICK
RICK
SWBI
SWBI
Q4 25
Q3 25
$238.2M
Q2 25
$243.8M
Q1 25
$244.1M
Q4 24
Q3 24
$241.1M
Q2 24
Q1 24
Stockholders' Equity
RICK
RICK
SWBI
SWBI
Q4 25
$363.2M
Q3 25
$261.1M
$364.4M
Q2 25
$269.5M
$372.5M
Q1 25
$268.8M
$366.9M
Q4 24
$269.0M
$371.5M
Q3 24
$263.4M
$380.0M
Q2 24
$271.2M
$399.9M
Q1 24
$285.8M
$376.4M
Total Assets
RICK
RICK
SWBI
SWBI
Q4 25
$548.6M
Q3 25
$596.9M
$554.6M
Q2 25
$597.4M
$559.6M
Q1 25
$589.8M
$578.9M
Q4 24
$586.2M
$587.4M
Q3 24
$584.4M
$571.3M
Q2 24
$601.0M
$577.4M
Q1 24
$609.9M
$570.6M
Debt / Equity
RICK
RICK
SWBI
SWBI
Q4 25
Q3 25
0.91×
Q2 25
0.90×
Q1 25
0.91×
Q4 24
Q3 24
0.92×
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
RICK
RICK
SWBI
SWBI
Operating Cash FlowLast quarter
$13.7M
$27.3M
Free Cash FlowOCF − Capex
$11.5M
$16.3M
FCF MarginFCF / Revenue
16.2%
13.1%
Capex IntensityCapex / Revenue
3.2%
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$34.9M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RICK
RICK
SWBI
SWBI
Q4 25
$27.3M
Q3 25
$13.7M
$-8.1M
Q2 25
$13.8M
$40.8M
Q1 25
$8.5M
$-9.8M
Q4 24
$13.3M
$-7.4M
Q3 24
$15.7M
$-30.8M
Q2 24
$15.8M
$43.7M
Q1 24
$10.8M
$25.2M
Free Cash Flow
RICK
RICK
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$11.5M
$-12.4M
Q2 25
$10.1M
$33.5M
Q1 25
$5.7M
$-16.1M
Q4 24
$7.6M
$-10.7M
Q3 24
$10.3M
$-35.5M
Q2 24
$9.3M
$38.2M
Q1 24
$3.2M
$7.0M
FCF Margin
RICK
RICK
SWBI
SWBI
Q4 25
13.1%
Q3 25
16.2%
-14.6%
Q2 25
14.2%
23.8%
Q1 25
8.6%
-13.9%
Q4 24
10.6%
-8.3%
Q3 24
14.0%
-40.2%
Q2 24
12.3%
24.0%
Q1 24
4.4%
5.1%
Capex Intensity
RICK
RICK
SWBI
SWBI
Q4 25
8.8%
Q3 25
3.2%
5.0%
Q2 25
5.2%
5.2%
Q1 25
4.3%
5.4%
Q4 24
8.0%
2.5%
Q3 24
7.3%
5.3%
Q2 24
8.4%
3.5%
Q1 24
10.6%
13.2%
Cash Conversion
RICK
RICK
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
3.40×
4.73×
Q1 25
2.65×
-4.68×
Q4 24
1.48×
-1.63×
Q3 24
64.14×
Q2 24
1.57×
Q1 24
14.00×
3.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

SWBI
SWBI

Segment breakdown not available.

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