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Side-by-side financial comparison of Skillsoft Corp. (SKIL) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Skillsoft Corp. is the larger business by last-quarter revenue ($129.0M vs $124.7M, roughly 1.0× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -32.0%, a 33.5% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -6.0%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-19.3M). Over the past eight quarters, Skillsoft Corp.'s revenue compounded faster (-3.2% CAGR vs -4.8%).
Skillsoft is an American educational technology company that produces learning management system software and content.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
SKIL vs SWBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $129.0M | $124.7M |
| Net Profit | $-41.3M | $1.9M |
| Gross Margin | 72.7% | 24.3% |
| Operating Margin | -26.6% | 3.3% |
| Net Margin | -32.0% | 1.5% |
| Revenue YoY | -6.0% | -3.9% |
| Net Profit YoY | -74.9% | -53.6% |
| EPS (diluted) | — | $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.
| Q4 25 | $129.0M | $124.7M | ||
| Q3 25 | $128.8M | $85.1M | ||
| Q2 25 | $124.2M | $140.8M | ||
| Q1 25 | $133.8M | $115.9M | ||
| Q4 24 | $137.2M | $129.7M | ||
| Q3 24 | $132.2M | $88.3M | ||
| Q2 24 | $127.8M | $159.1M | ||
| Q1 24 | $137.5M | $137.5M |
| Q4 25 | $-41.3M | $1.9M | ||
| Q3 25 | $-23.8M | $-3.4M | ||
| Q2 25 | $-38.0M | $8.6M | ||
| Q1 25 | $-31.1M | $2.1M | ||
| Q4 24 | $-23.6M | $4.5M | ||
| Q3 24 | $-39.6M | $-1.9M | ||
| Q2 24 | $-27.6M | $27.9M | ||
| Q1 24 | $-245.3M | $7.9M |
| Q4 25 | 72.7% | 24.3% | ||
| Q3 25 | 74.5% | 25.9% | ||
| Q2 25 | 74.0% | 28.8% | ||
| Q1 25 | 74.9% | 24.1% | ||
| Q4 24 | 75.0% | 26.6% | ||
| Q3 24 | 75.4% | 27.4% | ||
| Q2 24 | 73.0% | 35.5% | ||
| Q1 24 | 72.0% | 28.7% |
| Q4 25 | -26.6% | 3.3% | ||
| Q3 25 | -9.2% | -3.5% | ||
| Q2 25 | -14.6% | 9.3% | ||
| Q1 25 | -12.9% | 4.1% | ||
| Q4 24 | -6.7% | 5.8% | ||
| Q3 24 | -14.6% | -1.7% | ||
| Q2 24 | -18.6% | 17.4% | ||
| Q1 24 | -165.8% | 8.2% |
| Q4 25 | -32.0% | 1.5% | ||
| Q3 25 | -18.5% | -4.0% | ||
| Q2 25 | -30.6% | 6.1% | ||
| Q1 25 | -23.3% | 1.8% | ||
| Q4 24 | -17.2% | 3.5% | ||
| Q3 24 | -29.9% | -2.1% | ||
| Q2 24 | -21.6% | 17.5% | ||
| Q1 24 | -178.4% | 5.7% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $74.6M | $22.4M |
| Total DebtLower is stronger | $570.2M | — |
| Stockholders' EquityBook value | $4.0M | $363.2M |
| Total Assets | $897.6M | $548.6M |
| Debt / EquityLower = less leverage | 142.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $22.4M | ||
| Q3 25 | $100.5M | $18.0M | ||
| Q2 25 | $127.8M | $25.2M | ||
| Q1 25 | $100.8M | $26.7M | ||
| Q4 24 | $97.9M | $39.1M | ||
| Q3 24 | $122.7M | $35.5M | ||
| Q2 24 | $142.0M | $60.8M | ||
| Q1 24 | $136.3M | $47.4M |
| Q4 25 | $570.2M | — | ||
| Q3 25 | $571.2M | — | ||
| Q2 25 | $572.2M | — | ||
| Q1 25 | $573.3M | — | ||
| Q4 24 | $574.3M | — | ||
| Q3 24 | $575.4M | — | ||
| Q2 24 | $576.4M | — | ||
| Q1 24 | $577.5M | — |
| Q4 25 | $4.0M | $363.2M | ||
| Q3 25 | $42.5M | $364.4M | ||
| Q2 25 | $62.6M | $372.5M | ||
| Q1 25 | $93.8M | $366.9M | ||
| Q4 24 | $120.5M | $371.5M | ||
| Q3 24 | $141.4M | $380.0M | ||
| Q2 24 | $182.1M | $399.9M | ||
| Q1 24 | $205.6M | $376.4M |
| Q4 25 | $897.6M | $548.6M | ||
| Q3 25 | $969.4M | $554.6M | ||
| Q2 25 | $1.0B | $559.6M | ||
| Q1 25 | $1.1B | $578.9M | ||
| Q4 24 | $1.1B | $587.4M | ||
| Q3 24 | $1.1B | $571.3M | ||
| Q2 24 | $1.2B | $577.4M | ||
| Q1 24 | $1.3B | $570.6M |
| Q4 25 | 142.97× | — | ||
| Q3 25 | 13.45× | — | ||
| Q2 25 | 9.13× | — | ||
| Q1 25 | 6.11× | — | ||
| Q4 24 | 4.77× | — | ||
| Q3 24 | 4.07× | — | ||
| Q2 24 | 3.16× | — | ||
| Q1 24 | 2.81× | — |
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 | $-18.9M | $27.3M |
| Free Cash FlowOCF − Capex | $-19.3M | $16.3M |
| FCF MarginFCF / Revenue | -15.0% | 13.1% |
| Capex IntensityCapex / Revenue | 0.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $10.0M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.9M | $27.3M | ||
| Q3 25 | $-17.8M | $-8.1M | ||
| Q2 25 | $31.3M | $40.8M | ||
| Q1 25 | $17.8M | $-9.8M | ||
| Q4 24 | $8.7M | $-7.4M | ||
| Q3 24 | $-11.4M | $-30.8M | ||
| Q2 24 | $14.9M | $43.7M | ||
| Q1 24 | $11.5M | $25.2M |
| Q4 25 | $-19.3M | $16.3M | ||
| Q3 25 | $-18.5M | $-12.4M | ||
| Q2 25 | $30.8M | $33.5M | ||
| Q1 25 | $17.0M | $-16.1M | ||
| Q4 24 | $8.3M | $-10.7M | ||
| Q3 24 | $-11.7M | $-35.5M | ||
| Q2 24 | $14.8M | $38.2M | ||
| Q1 24 | $11.1M | $7.0M |
| Q4 25 | -15.0% | 13.1% | ||
| Q3 25 | -14.3% | -14.6% | ||
| Q2 25 | 24.8% | 23.8% | ||
| Q1 25 | 12.7% | -13.9% | ||
| Q4 24 | 6.0% | -8.3% | ||
| Q3 24 | -8.8% | -40.2% | ||
| Q2 24 | 11.6% | 24.0% | ||
| Q1 24 | 8.0% | 5.1% |
| Q4 25 | 0.4% | 8.8% | ||
| Q3 25 | 0.5% | 5.0% | ||
| Q2 25 | 0.4% | 5.2% | ||
| Q1 25 | 0.6% | 5.4% | ||
| Q4 24 | 0.3% | 2.5% | ||
| Q3 24 | 0.2% | 5.3% | ||
| Q2 24 | 0.1% | 3.5% | ||
| Q1 24 | 0.3% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
SWBI
Segment breakdown not available.
