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Side-by-side financial comparison of SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) and TOWER SEMICONDUCTOR LTD (TSEM). Click either name above to swap in a different company.
TOWER SEMICONDUCTOR LTD is the larger business by last-quarter revenue ($351.2M vs $331.3M, roughly 1.1× SPORTSMAN'S WAREHOUSE HOLDINGS, INC.). TOWER SEMICONDUCTOR LTD runs the higher net margin — 15.2% vs 0.0%, a 15.2% gap on every dollar of revenue. On growth, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. posted the faster year-over-year revenue change (2.2% vs -1.7%).
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.
Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).
SPWH vs TSEM — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $331.3M | $351.2M |
| Net Profit | $8.0K | $53.4M |
| Gross Margin | 32.8% | 24.8% |
| Operating Margin | 1.3% | 15.7% |
| Net Margin | 0.0% | 15.2% |
| Revenue YoY | 2.2% | -1.7% |
| Net Profit YoY | -97.8% | 4.4% |
| EPS (diluted) | $0.00 | $0.48 |
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 | $331.3M | — | ||
| Q3 25 | $293.9M | — | ||
| Q2 25 | $249.1M | — | ||
| Q1 25 | $340.4M | — | ||
| Q4 24 | $324.3M | — | ||
| Q3 24 | $288.7M | — | ||
| Q2 24 | $244.2M | $351.2M | ||
| Q1 24 | $370.4M | — |
| Q4 25 | $8.0K | — | ||
| Q3 25 | $-7.1M | — | ||
| Q2 25 | $-21.3M | — | ||
| Q1 25 | $-8.7M | — | ||
| Q4 24 | $-364.0K | — | ||
| Q3 24 | $-5.9M | — | ||
| Q2 24 | $-18.1M | $53.4M | ||
| Q1 24 | $-8.7M | — |
| Q4 25 | 32.8% | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 31.8% | — | ||
| Q3 24 | 31.2% | — | ||
| Q2 24 | 30.2% | 24.8% | ||
| Q1 24 | 26.8% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | -1.1% | — | ||
| Q2 25 | -7.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | -1.5% | — | ||
| Q2 24 | -8.4% | 15.7% | ||
| Q1 24 | -2.1% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | -2.4% | — | ||
| Q2 25 | -8.5% | — | ||
| Q1 25 | -2.6% | — | ||
| Q4 24 | -0.1% | — | ||
| Q3 24 | -2.0% | — | ||
| Q2 24 | -7.4% | 15.2% | ||
| Q1 24 | -2.4% | — |
| Q4 25 | $0.00 | — | ||
| Q3 25 | $-0.18 | — | ||
| Q2 25 | $-0.56 | — | ||
| Q1 25 | $-0.22 | — | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $-0.16 | — | ||
| Q2 24 | $-0.48 | $0.48 | ||
| Q1 24 | $-0.22 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.2M | $265.3M |
| Total DebtLower is stronger | $44.0M | — |
| Stockholders' EquityBook value | $209.5M | $2.5B |
| Total Assets | $913.9M | $3.0B |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | $3.6M | — | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $2.2M | $265.3M | ||
| Q1 24 | $3.1M | — |
| 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 | — | — |
| Q4 25 | $209.5M | — | ||
| Q3 25 | $208.9M | — | ||
| Q2 25 | $215.1M | — | ||
| Q1 25 | $235.7M | — | ||
| Q4 24 | $243.6M | — | ||
| Q3 24 | $243.0M | — | ||
| Q2 24 | $247.5M | $2.5B | ||
| Q1 24 | $264.6M | — |
| Q4 25 | $913.9M | — | ||
| Q3 25 | $948.9M | — | ||
| Q2 25 | $929.7M | — | ||
| Q1 25 | $852.1M | — | ||
| Q4 24 | $967.7M | — | ||
| Q3 24 | $901.9M | — | ||
| Q2 24 | $930.4M | $3.0B | ||
| Q1 24 | $886.2M | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $16.3M | — |
| Free Cash FlowOCF − Capex | $8.7M | — |
| FCF MarginFCF / Revenue | 2.6% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 2038.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-39.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | — | ||
| Q3 25 | $-26.6M | — | ||
| Q2 25 | $-60.2M | — | ||
| Q1 25 | $52.8M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $18.5M | — | ||
| Q2 24 | $-34.6M | — | ||
| Q1 24 | $68.9M | — |
| Q4 25 | $8.7M | — | ||
| Q3 25 | $-33.9M | — | ||
| Q2 25 | $-64.0M | — | ||
| Q1 25 | $49.6M | — | ||
| Q4 24 | $-6.2M | — | ||
| Q3 24 | $14.1M | — | ||
| Q2 24 | $-38.0M | — | ||
| Q1 24 | $60.2M | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | -11.5% | — | ||
| Q2 25 | -25.7% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | -1.9% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | -15.5% | — | ||
| Q1 24 | 16.2% | — |
| Q4 25 | 2.3% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | 2038.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
