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Side-by-side financial comparison of TANGER INC. (SKT) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
TANGER INC. is the larger business by last-quarter revenue ($150.4M vs $124.7M, roughly 1.2× SMITH & WESSON BRANDS, INC.). TANGER INC. runs the higher net margin — 19.6% vs 1.5%, a 18.0% gap on every dollar of revenue. On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs -3.9%). Over the past eight quarters, TANGER INC.'s revenue compounded faster (8.0% CAGR vs -4.8%).
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
SKT vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $150.4M | $124.7M |
| Net Profit | $29.4M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | 3.3% |
| Net Margin | 19.6% | 1.5% |
| Revenue YoY | 11.1% | -3.9% |
| Net Profit YoY | 47.1% | -53.6% |
| EPS (diluted) | $1.05 | $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.
| Q1 26 | $150.4M | — | ||
| Q4 25 | $151.0M | $124.7M | ||
| Q3 25 | $145.2M | $85.1M | ||
| Q2 25 | $140.7M | $140.8M | ||
| Q1 25 | $135.4M | $115.9M | ||
| Q4 24 | $132.2M | $129.7M | ||
| Q3 24 | $133.0M | $88.3M | ||
| Q2 24 | $129.0M | $159.1M |
| Q1 26 | $29.4M | — | ||
| Q4 25 | — | $1.9M | ||
| Q3 25 | $32.0M | $-3.4M | ||
| Q2 25 | $30.1M | $8.6M | ||
| Q1 25 | $19.2M | $2.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $24.9M | $-1.9M | ||
| Q2 24 | $24.8M | $27.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | 20.1% | -3.5% | ||
| Q2 25 | 20.1% | 9.3% | ||
| Q1 25 | 13.0% | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 17.8% | -1.7% | ||
| Q2 24 | 17.8% | 17.4% |
| Q1 26 | 19.6% | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | 22.1% | -4.0% | ||
| Q2 25 | 21.4% | 6.1% | ||
| Q1 25 | 14.2% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 18.7% | -2.1% | ||
| Q2 24 | 19.3% | 17.5% |
| Q1 26 | $1.05 | — | ||
| Q4 25 | — | $0.04 | ||
| Q3 25 | $0.28 | $-0.08 | ||
| Q2 25 | $0.26 | $0.19 | ||
| Q1 25 | $0.17 | $0.05 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $0.22 | $-0.04 | ||
| Q2 24 | $0.22 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $227.4M | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $697.8M | $363.2M |
| Total Assets | $2.8B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $227.4M | — | ||
| Q4 25 | $18.1M | $22.4M | ||
| Q3 25 | $13.0M | $18.0M | ||
| Q2 25 | $9.7M | $25.2M | ||
| Q1 25 | $10.2M | $26.7M | ||
| Q4 24 | $47.0M | $39.1M | ||
| Q3 24 | $11.1M | $35.5M | ||
| Q2 24 | $11.3M | $60.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — |
| Q1 26 | $697.8M | — | ||
| Q4 25 | — | $363.2M | ||
| Q3 25 | $703.6M | $364.4M | ||
| Q2 25 | $635.2M | $372.5M | ||
| Q1 25 | $633.9M | $366.9M | ||
| Q4 24 | $652.4M | $371.5M | ||
| Q3 24 | $568.3M | $380.0M | ||
| Q2 24 | $553.7M | $399.9M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | — | $548.6M | ||
| Q3 25 | $2.6B | $554.6M | ||
| Q2 25 | $2.5B | $559.6M | ||
| Q1 25 | $2.5B | $578.9M | ||
| Q4 24 | $2.4B | $587.4M | ||
| Q3 24 | $2.3B | $571.3M | ||
| Q2 24 | $2.3B | $577.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.29× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 2.47× | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 2.51× | — | ||
| Q2 24 | 2.64× | — |
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 | — | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | 6.6% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $74.3M | $-8.1M | ||
| Q2 25 | $82.0M | $40.8M | ||
| Q1 25 | $41.4M | $-9.8M | ||
| Q4 24 | — | $-7.4M | ||
| Q3 24 | $65.2M | $-30.8M | ||
| Q2 24 | $72.8M | $43.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | 6.6% | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 14.22× | ||
| Q3 25 | 2.32× | — | ||
| Q2 25 | 2.73× | 4.73× | ||
| Q1 25 | 2.16× | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.93× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
SWBI
Segment breakdown not available.
