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Side-by-side financial comparison of SmartStop Self Storage REIT, Inc. (SMA) 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 $78.4M, roughly 1.6× SmartStop Self Storage REIT, Inc.). SmartStop Self Storage REIT, Inc. runs the higher net margin — 3.8% vs 1.5%, a 2.2% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% vs -3.9%). Over the past eight quarters, SmartStop Self Storage REIT, Inc.'s revenue compounded faster (17.3% CAGR vs -4.8%).

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

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

SMA vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.6× larger
SWBI
$124.7M
$78.4M
SMA
Growing faster (revenue YoY)
SMA
SMA
+33.2% gap
SMA
29.4%
-3.9%
SWBI
Higher net margin
SMA
SMA
2.2% more per $
SMA
3.8%
1.5%
SWBI
Faster 2-yr revenue CAGR
SMA
SMA
Annualised
SMA
17.3%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
SMA
SMA
SWBI
SWBI
Revenue
$78.4M
$124.7M
Net Profit
$3.0M
$1.9M
Gross Margin
61.2%
24.3%
Operating Margin
24.0%
3.3%
Net Margin
3.8%
1.5%
Revenue YoY
29.4%
-3.9%
Net Profit YoY
2080.0%
-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.

Revenue
SMA
SMA
SWBI
SWBI
Q4 25
$78.4M
$124.7M
Q3 25
$70.4M
$85.1M
Q2 25
$66.8M
$140.8M
Q1 25
$65.4M
$115.9M
Q4 24
$60.6M
$129.7M
Q3 24
$60.2M
$88.3M
Q2 24
$59.2M
$159.1M
Q1 24
$57.0M
$137.5M
Net Profit
SMA
SMA
SWBI
SWBI
Q4 25
$3.0M
$1.9M
Q3 25
$5.2M
$-3.4M
Q2 25
$-4.8M
$8.6M
Q1 25
$-5.5M
$2.1M
Q4 24
$-150.0K
$4.5M
Q3 24
$-6.2M
$-1.9M
Q2 24
$-705.0K
$27.9M
Q1 24
$-1.6M
$7.9M
Gross Margin
SMA
SMA
SWBI
SWBI
Q4 25
61.2%
24.3%
Q3 25
60.9%
25.9%
Q2 25
59.3%
28.8%
Q1 25
64.1%
24.1%
Q4 24
66.3%
26.6%
Q3 24
64.8%
27.4%
Q2 24
66.4%
35.5%
Q1 24
65.1%
28.7%
Operating Margin
SMA
SMA
SWBI
SWBI
Q4 25
24.0%
3.3%
Q3 25
18.1%
-3.5%
Q2 25
15.4%
9.3%
Q1 25
26.3%
4.1%
Q4 24
29.4%
5.8%
Q3 24
29.4%
-1.7%
Q2 24
29.9%
17.4%
Q1 24
28.0%
8.2%
Net Margin
SMA
SMA
SWBI
SWBI
Q4 25
3.8%
1.5%
Q3 25
7.4%
-4.0%
Q2 25
-7.2%
6.1%
Q1 25
-8.3%
1.8%
Q4 24
-0.2%
3.5%
Q3 24
-10.3%
-2.1%
Q2 24
-1.2%
17.5%
Q1 24
-2.9%
5.7%
EPS (diluted)
SMA
SMA
SWBI
SWBI
Q4 25
$0.04
Q3 25
$0.09
$-0.08
Q2 25
$-0.16
$0.19
Q1 25
$-0.35
$0.05
Q4 24
$0.10
Q3 24
$-0.26
$-0.04
Q2 24
$-0.16
$0.60
Q1 24
$-0.20
$0.17

Balance Sheet & Financial Strength

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

Metric
SMA
SMA
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$54.2M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$363.2M
Total Assets
$2.4B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMA
SMA
SWBI
SWBI
Q4 25
$54.2M
$22.4M
Q3 25
$47.8M
$18.0M
Q2 25
$37.7M
$25.2M
Q1 25
$35.2M
$26.7M
Q4 24
$23.1M
$39.1M
Q3 24
$36.7M
$35.5M
Q2 24
$34.7M
$60.8M
Q1 24
$39.2M
$47.4M
Stockholders' Equity
SMA
SMA
SWBI
SWBI
Q4 25
$1.2B
$363.2M
Q3 25
$1.2B
$364.4M
Q2 25
$1.2B
$372.5M
Q1 25
$303.0M
$366.9M
Q4 24
$325.7M
$371.5M
Q3 24
$343.9M
$380.0M
Q2 24
$365.8M
$399.9M
Q1 24
$384.8M
$376.4M
Total Assets
SMA
SMA
SWBI
SWBI
Q4 25
$2.4B
$548.6M
Q3 25
$2.4B
$554.6M
Q2 25
$2.3B
$559.6M
Q1 25
$2.1B
$578.9M
Q4 24
$2.0B
$587.4M
Q3 24
$1.9B
$571.3M
Q2 24
$1.9B
$577.4M
Q1 24
$1.9B
$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
SMA
SMA
SWBI
SWBI
Operating Cash FlowLast quarter
$85.0M
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
28.61×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMA
SMA
SWBI
SWBI
Q4 25
$85.0M
$27.3M
Q3 25
$52.1M
$-8.1M
Q2 25
$8.0M
$40.8M
Q1 25
$10.6M
$-9.8M
Q4 24
$64.0M
$-7.4M
Q3 24
$21.7M
$-30.8M
Q2 24
$17.3M
$43.7M
Q1 24
$14.4M
$25.2M
Free Cash Flow
SMA
SMA
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
SMA
SMA
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
SMA
SMA
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
SMA
SMA
SWBI
SWBI
Q4 25
28.61×
14.22×
Q3 25
9.96×
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

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

SWBI
SWBI

Segment breakdown not available.

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