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Side-by-side financial comparison of Smart Sand, Inc. (SND) 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 $86.0M, roughly 1.4× Smart Sand, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs 1.4%, a 0.2% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $16.3M). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% CAGR vs -4.8%).
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
SND vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.0M | $124.7M |
| Net Profit | $1.2M | $1.9M |
| Gross Margin | 13.0% | 24.3% |
| Operating Margin | -3.1% | 3.3% |
| Net Margin | 1.4% | 1.5% |
| Revenue YoY | -5.8% | -3.9% |
| Net Profit YoY | -68.5% | -53.6% |
| EPS (diluted) | $0.03 | $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 | $86.0M | $124.7M | ||
| Q3 25 | $92.8M | $85.1M | ||
| Q2 25 | $85.8M | $140.8M | ||
| Q1 25 | $65.6M | $115.9M | ||
| Q4 24 | $91.4M | $129.7M | ||
| Q3 24 | $63.2M | $88.3M | ||
| Q2 24 | $73.8M | $159.1M | ||
| Q1 24 | $83.1M | $137.5M |
| Q4 25 | $1.2M | $1.9M | ||
| Q3 25 | $3.0M | $-3.4M | ||
| Q2 25 | $21.4M | $8.6M | ||
| Q1 25 | $-24.2M | $2.1M | ||
| Q4 24 | $3.7M | $4.5M | ||
| Q3 24 | $-98.0K | $-1.9M | ||
| Q2 24 | $-430.0K | $27.9M | ||
| Q1 24 | $-216.0K | $7.9M |
| Q4 25 | 13.0% | 24.3% | ||
| Q3 25 | 16.1% | 25.9% | ||
| Q2 25 | 10.4% | 28.8% | ||
| Q1 25 | 4.2% | 24.1% | ||
| Q4 24 | 14.7% | 26.6% | ||
| Q3 24 | 10.3% | 27.4% | ||
| Q2 24 | 17.7% | 35.5% | ||
| Q1 24 | 14.2% | 28.7% |
| Q4 25 | -3.1% | 3.3% | ||
| Q3 25 | 5.8% | -3.5% | ||
| Q2 25 | -0.1% | 9.3% | ||
| Q1 25 | -10.8% | 4.1% | ||
| Q4 24 | 3.9% | 5.8% | ||
| Q3 24 | -7.8% | -1.7% | ||
| Q2 24 | 4.8% | 17.4% | ||
| Q1 24 | 0.9% | 8.2% |
| Q4 25 | 1.4% | 1.5% | ||
| Q3 25 | 3.2% | -4.0% | ||
| Q2 25 | 24.9% | 6.1% | ||
| Q1 25 | -37.0% | 1.8% | ||
| Q4 24 | 4.1% | 3.5% | ||
| Q3 24 | -0.2% | -2.1% | ||
| Q2 24 | -0.6% | 17.5% | ||
| Q1 24 | -0.3% | 5.7% |
| Q4 25 | $0.03 | $0.04 | ||
| Q3 25 | $0.08 | $-0.08 | ||
| Q2 25 | $0.54 | $0.19 | ||
| Q1 25 | $-0.62 | $0.05 | ||
| Q4 24 | $0.10 | $0.10 | ||
| Q3 24 | $0.00 | $-0.04 | ||
| Q2 24 | $-0.01 | $0.60 | ||
| Q1 24 | $-0.01 | $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 | $22.6M | $22.4M |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $239.7M | $363.2M |
| Total Assets | $340.0M | $548.6M |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.6M | $22.4M | ||
| Q3 25 | $5.1M | $18.0M | ||
| Q2 25 | $4.3M | $25.2M | ||
| Q1 25 | $5.1M | $26.7M | ||
| Q4 24 | $1.6M | $39.1M | ||
| Q3 24 | $7.2M | $35.5M | ||
| Q2 24 | $6.3M | $60.8M | ||
| Q1 24 | $4.6M | $47.4M |
| Q4 25 | $15.0M | — | ||
| Q3 25 | $14.3M | — | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $13.7M | — | ||
| Q4 24 | $14.7M | — | ||
| Q3 24 | $15.7M | — | ||
| Q2 24 | $17.1M | — | ||
| Q1 24 | $25.5M | — |
| Q4 25 | $239.7M | $363.2M | ||
| Q3 25 | $239.9M | $364.4M | ||
| Q2 25 | $240.5M | $372.5M | ||
| Q1 25 | $219.9M | $366.9M | ||
| Q4 24 | $243.8M | $371.5M | ||
| Q3 24 | $243.6M | $380.0M | ||
| Q2 24 | $242.9M | $399.9M | ||
| Q1 24 | $242.5M | $376.4M |
| Q4 25 | $340.0M | $548.6M | ||
| Q3 25 | $343.1M | $554.6M | ||
| Q2 25 | $345.8M | $559.6M | ||
| Q1 25 | $326.9M | $578.9M | ||
| Q4 24 | $341.5M | $587.4M | ||
| Q3 24 | $335.8M | $571.3M | ||
| Q2 24 | $341.8M | $577.4M | ||
| Q1 24 | $349.3M | $570.6M |
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.10× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.11× | — |
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 | $22.4M | $27.3M |
| Free Cash FlowOCF − Capex | $20.4M | $16.3M |
| FCF MarginFCF / Revenue | 23.7% | 13.1% |
| Capex IntensityCapex / Revenue | 2.3% | 8.8% |
| Cash ConversionOCF / Net Profit | 18.99× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $32.5M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $27.3M | ||
| Q3 25 | $18.2M | $-8.1M | ||
| Q2 25 | $-5.1M | $40.8M | ||
| Q1 25 | $8.7M | $-9.8M | ||
| Q4 24 | $1.0M | $-7.4M | ||
| Q3 24 | $5.8M | $-30.8M | ||
| Q2 24 | $14.9M | $43.7M | ||
| Q1 24 | $-3.9M | $25.2M |
| Q4 25 | $20.4M | $16.3M | ||
| Q3 25 | $14.8M | $-12.4M | ||
| Q2 25 | $-7.8M | $33.5M | ||
| Q1 25 | $5.2M | $-16.1M | ||
| Q4 24 | $-840.0K | $-10.7M | ||
| Q3 24 | $3.7M | $-35.5M | ||
| Q2 24 | $13.5M | $38.2M | ||
| Q1 24 | $-5.5M | $7.0M |
| Q4 25 | 23.7% | 13.1% | ||
| Q3 25 | 15.9% | -14.6% | ||
| Q2 25 | -9.1% | 23.8% | ||
| Q1 25 | 7.9% | -13.9% | ||
| Q4 24 | -0.9% | -8.3% | ||
| Q3 24 | 5.8% | -40.2% | ||
| Q2 24 | 18.3% | 24.0% | ||
| Q1 24 | -6.6% | 5.1% |
| Q4 25 | 2.3% | 8.8% | ||
| Q3 25 | 3.6% | 5.0% | ||
| Q2 25 | 3.1% | 5.2% | ||
| Q1 25 | 5.4% | 5.4% | ||
| Q4 24 | 2.1% | 2.5% | ||
| Q3 24 | 3.4% | 5.3% | ||
| Q2 24 | 1.8% | 3.5% | ||
| Q1 24 | 2.0% | 13.2% |
| Q4 25 | 18.99× | 14.22× | ||
| Q3 25 | 6.05× | — | ||
| Q2 25 | -0.24× | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | 0.28× | -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
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
SWBI
Segment breakdown not available.
