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Side-by-side financial comparison of Revolve Group, Inc. (RVLV) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). Click either name above to swap in a different company.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is the larger business by last-quarter revenue ($331.3M vs $324.4M, roughly 1.0× Revolve Group, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs 0.0%, a 5.7% gap on every dollar of revenue. On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs 2.2%). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. produced more free cash flow last quarter ($8.7M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% CAGR vs -5.4%).

Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

RVLV vs SPWH — Head-to-Head

Bigger by revenue
SPWH
SPWH
1.0× larger
SPWH
$331.3M
$324.4M
RVLV
Growing faster (revenue YoY)
RVLV
RVLV
+8.3% gap
RVLV
10.4%
2.2%
SPWH
Higher net margin
RVLV
RVLV
5.7% more per $
RVLV
5.7%
0.0%
SPWH
More free cash flow
SPWH
SPWH
$22.0M more FCF
SPWH
$8.7M
$-13.3M
RVLV
Faster 2-yr revenue CAGR
RVLV
RVLV
Annualised
RVLV
9.5%
-5.4%
SPWH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
RVLV
RVLV
SPWH
SPWH
Revenue
$324.4M
$331.3M
Net Profit
$18.6M
$8.0K
Gross Margin
53.3%
32.8%
Operating Margin
6.3%
1.3%
Net Margin
5.7%
0.0%
Revenue YoY
10.4%
2.2%
Net Profit YoY
50.4%
-97.8%
EPS (diluted)
$0.27
$0.00

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
RVLV
RVLV
SPWH
SPWH
Q4 25
$324.4M
$331.3M
Q3 25
$295.6M
$293.9M
Q2 25
$309.0M
$249.1M
Q1 25
$296.7M
$340.4M
Q4 24
$293.7M
$324.3M
Q3 24
$283.1M
$288.7M
Q2 24
$282.5M
$244.2M
Q1 24
$270.6M
$370.4M
Net Profit
RVLV
RVLV
SPWH
SPWH
Q4 25
$18.6M
$8.0K
Q3 25
$21.2M
$-7.1M
Q2 25
$10.2M
$-21.3M
Q1 25
$11.8M
$-8.7M
Q4 24
$12.3M
$-364.0K
Q3 24
$11.0M
$-5.9M
Q2 24
$15.4M
$-18.1M
Q1 24
$10.9M
$-8.7M
Gross Margin
RVLV
RVLV
SPWH
SPWH
Q4 25
53.3%
32.8%
Q3 25
54.6%
32.0%
Q2 25
54.1%
30.4%
Q1 25
52.0%
30.4%
Q4 24
52.5%
31.8%
Q3 24
51.2%
31.2%
Q2 24
54.0%
30.2%
Q1 24
52.3%
26.8%
Operating Margin
RVLV
RVLV
SPWH
SPWH
Q4 25
6.3%
1.3%
Q3 25
7.1%
-1.1%
Q2 25
5.8%
-7.9%
Q1 25
5.0%
1.1%
Q4 24
3.9%
1.0%
Q3 24
5.0%
-1.5%
Q2 24
5.8%
-8.4%
Q1 24
3.4%
-2.1%
Net Margin
RVLV
RVLV
SPWH
SPWH
Q4 25
5.7%
0.0%
Q3 25
7.2%
-2.4%
Q2 25
3.3%
-8.5%
Q1 25
4.0%
-2.6%
Q4 24
4.2%
-0.1%
Q3 24
3.9%
-2.0%
Q2 24
5.4%
-7.4%
Q1 24
4.0%
-2.4%
EPS (diluted)
RVLV
RVLV
SPWH
SPWH
Q4 25
$0.27
$0.00
Q3 25
$0.29
$-0.18
Q2 25
$0.14
$-0.56
Q1 25
$0.16
$-0.22
Q4 24
$0.18
$-0.01
Q3 24
$0.15
$-0.16
Q2 24
$0.21
$-0.48
Q1 24
$0.15
$-0.22

Balance Sheet & Financial Strength

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

Metric
RVLV
RVLV
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$292.3M
$2.2M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$512.5M
$209.5M
Total Assets
$765.0M
$913.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RVLV
RVLV
SPWH
SPWH
Q4 25
$292.3M
$2.2M
Q3 25
$315.4M
$1.8M
Q2 25
$310.7M
$3.6M
Q1 25
$300.8M
$2.8M
Q4 24
$256.6M
$2.7M
Q3 24
$252.8M
$2.6M
Q2 24
$244.7M
$2.2M
Q1 24
$273.4M
$3.1M
Total Debt
RVLV
RVLV
SPWH
SPWH
Q4 25
$44.0M
Q3 25
$43.9M
Q2 25
$24.1M
Q1 25
$24.1M
Q4 24
$24.0M
Q3 24
$24.0M
Q2 24
Q1 24
Stockholders' Equity
RVLV
RVLV
SPWH
SPWH
Q4 25
$512.5M
$209.5M
Q3 25
$490.2M
$208.9M
Q2 25
$468.6M
$215.1M
Q1 25
$453.4M
$235.7M
Q4 24
$437.8M
$243.6M
Q3 24
$420.8M
$243.0M
Q2 24
$405.8M
$247.5M
Q1 24
$389.9M
$264.6M
Total Assets
RVLV
RVLV
SPWH
SPWH
Q4 25
$765.0M
$913.9M
Q3 25
$751.3M
$948.9M
Q2 25
$722.9M
$929.7M
Q1 25
$713.9M
$852.1M
Q4 24
$665.5M
$967.7M
Q3 24
$670.9M
$901.9M
Q2 24
$657.8M
$930.4M
Q1 24
$650.0M
$886.2M
Debt / Equity
RVLV
RVLV
SPWH
SPWH
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.11×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
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
RVLV
RVLV
SPWH
SPWH
Operating Cash FlowLast quarter
$-10.2M
$16.3M
Free Cash FlowOCF − Capex
$-13.3M
$8.7M
FCF MarginFCF / Revenue
-4.1%
2.6%
Capex IntensityCapex / Revenue
1.0%
2.3%
Cash ConversionOCF / Net Profit
-0.55×
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$48.0M
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RVLV
RVLV
SPWH
SPWH
Q4 25
$-10.2M
$16.3M
Q3 25
$11.8M
$-26.6M
Q2 25
$12.6M
$-60.2M
Q1 25
$45.1M
$52.8M
Q4 24
$3.9M
$-2.5M
Q3 24
$9.1M
$18.5M
Q2 24
$-24.7M
$-34.6M
Q1 24
$38.4M
$68.9M
Free Cash Flow
RVLV
RVLV
SPWH
SPWH
Q4 25
$-13.3M
$8.7M
Q3 25
$7.5M
$-33.9M
Q2 25
$10.4M
$-64.0M
Q1 25
$43.4M
$49.6M
Q4 24
$2.1M
$-6.2M
Q3 24
$8.0M
$14.1M
Q2 24
$-25.7M
$-38.0M
Q1 24
$36.7M
$60.2M
FCF Margin
RVLV
RVLV
SPWH
SPWH
Q4 25
-4.1%
2.6%
Q3 25
2.5%
-11.5%
Q2 25
3.4%
-25.7%
Q1 25
14.6%
14.6%
Q4 24
0.7%
-1.9%
Q3 24
2.8%
4.9%
Q2 24
-9.1%
-15.5%
Q1 24
13.5%
16.2%
Capex Intensity
RVLV
RVLV
SPWH
SPWH
Q4 25
1.0%
2.3%
Q3 25
1.5%
2.5%
Q2 25
0.7%
1.5%
Q1 25
0.6%
1.0%
Q4 24
0.6%
1.1%
Q3 24
0.4%
1.5%
Q2 24
0.4%
1.4%
Q1 24
0.6%
2.4%
Cash Conversion
RVLV
RVLV
SPWH
SPWH
Q4 25
-0.55×
2038.00×
Q3 25
0.56×
Q2 25
1.24×
Q1 25
3.82×
Q4 24
0.32×
Q3 24
0.83×
Q2 24
-1.60×
Q1 24
3.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RVLV
RVLV

Fashion Apparel$155.1M48%
Dresses$76.4M24%
Handbags Shoes And Accessories$67.6M21%
Beauty$20.3M6%
Manufactured Product Other$5.0M2%
Breakage On Store Credit And Gift Cards$900.0K0%

SPWH
SPWH

Segment breakdown not available.

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