vs

Side-by-side financial comparison of SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) and UNITED FIRE GROUP INC (UFCS). Click either name above to swap in a different company.

UNITED FIRE GROUP INC is the larger business by last-quarter revenue ($365.8M vs $331.3M, roughly 1.1× SPORTSMAN'S WAREHOUSE HOLDINGS, INC.). On growth, UNITED FIRE GROUP INC posted the faster year-over-year revenue change (9.8% vs 2.2%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% CAGR vs -5.4%).

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.

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

SPWH vs UFCS — Head-to-Head

Bigger by revenue
UFCS
UFCS
1.1× larger
UFCS
$365.8M
$331.3M
SPWH
Growing faster (revenue YoY)
UFCS
UFCS
+7.6% gap
UFCS
9.8%
2.2%
SPWH
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
-5.4%
SPWH

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
SPWH
SPWH
UFCS
UFCS
Revenue
$331.3M
$365.8M
Net Profit
$8.0K
Gross Margin
32.8%
Operating Margin
1.3%
13.2%
Net Margin
0.0%
Revenue YoY
2.2%
9.8%
Net Profit YoY
-97.8%
EPS (diluted)
$0.00
$1.45

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
SPWH
SPWH
UFCS
UFCS
Q4 25
$331.3M
$365.8M
Q3 25
$293.9M
$354.0M
Q2 25
$249.1M
$335.5M
Q1 25
$340.4M
$331.1M
Q4 24
$324.3M
$333.2M
Q3 24
$288.7M
$323.0M
Q2 24
$244.2M
$301.2M
Q1 24
$370.4M
$296.0M
Net Profit
SPWH
SPWH
UFCS
UFCS
Q4 25
$8.0K
Q3 25
$-7.1M
$39.2M
Q2 25
$-21.3M
$22.9M
Q1 25
$-8.7M
$17.7M
Q4 24
$-364.0K
Q3 24
$-5.9M
$19.7M
Q2 24
$-18.1M
$-2.7M
Q1 24
$-8.7M
$13.5M
Gross Margin
SPWH
SPWH
UFCS
UFCS
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%
Q1 24
26.8%
Operating Margin
SPWH
SPWH
UFCS
UFCS
Q4 25
1.3%
13.2%
Q3 25
-1.1%
13.7%
Q2 25
-7.9%
8.7%
Q1 25
1.1%
6.6%
Q4 24
1.0%
11.9%
Q3 24
-1.5%
7.7%
Q2 24
-8.4%
-1.3%
Q1 24
-2.1%
5.5%
Net Margin
SPWH
SPWH
UFCS
UFCS
Q4 25
0.0%
Q3 25
-2.4%
11.1%
Q2 25
-8.5%
6.8%
Q1 25
-2.6%
5.3%
Q4 24
-0.1%
Q3 24
-2.0%
6.1%
Q2 24
-7.4%
-0.9%
Q1 24
-2.4%
4.6%
EPS (diluted)
SPWH
SPWH
UFCS
UFCS
Q4 25
$0.00
$1.45
Q3 25
$-0.18
$1.49
Q2 25
$-0.56
$0.87
Q1 25
$-0.22
$0.67
Q4 24
$-0.01
$1.22
Q3 24
$-0.16
$0.76
Q2 24
$-0.48
$-0.11
Q1 24
$-0.22
$0.52

Balance Sheet & Financial Strength

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

Metric
SPWH
SPWH
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$2.2M
$156.3M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$209.5M
$941.2M
Total Assets
$913.9M
$3.8B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPWH
SPWH
UFCS
UFCS
Q4 25
$2.2M
$156.3M
Q3 25
$1.8M
$233.7M
Q2 25
$3.6M
$202.1M
Q1 25
$2.8M
$183.7M
Q4 24
$2.7M
$200.9M
Q3 24
$2.6M
$197.4M
Q2 24
$2.2M
$153.4M
Q1 24
$3.1M
$217.8M
Total Debt
SPWH
SPWH
UFCS
UFCS
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
Stockholders' Equity
SPWH
SPWH
UFCS
UFCS
Q4 25
$209.5M
$941.2M
Q3 25
$208.9M
$898.7M
Q2 25
$215.1M
$845.7M
Q1 25
$235.7M
$817.7M
Q4 24
$243.6M
$781.5M
Q3 24
$243.0M
$785.8M
Q2 24
$247.5M
$726.6M
Q1 24
$264.6M
$736.8M
Total Assets
SPWH
SPWH
UFCS
UFCS
Q4 25
$913.9M
$3.8B
Q3 25
$948.9M
$3.8B
Q2 25
$929.7M
$3.7B
Q1 25
$852.1M
$3.5B
Q4 24
$967.7M
$3.5B
Q3 24
$901.9M
$3.5B
Q2 24
$930.4M
$3.4B
Q1 24
$886.2M
$3.2B
Debt / Equity
SPWH
SPWH
UFCS
UFCS
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
SPWH
SPWH
UFCS
UFCS
Operating Cash FlowLast quarter
$16.3M
$269.7M
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.

Operating Cash Flow
SPWH
SPWH
UFCS
UFCS
Q4 25
$16.3M
$269.7M
Q3 25
$-26.6M
$60.8M
Q2 25
$-60.2M
$53.4M
Q1 25
$52.8M
$35.7M
Q4 24
$-2.5M
$340.3M
Q3 24
$18.5M
$56.5M
Q2 24
$-34.6M
$91.3M
Q1 24
$68.9M
$36.2M
Free Cash Flow
SPWH
SPWH
UFCS
UFCS
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
FCF Margin
SPWH
SPWH
UFCS
UFCS
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%
Capex Intensity
SPWH
SPWH
UFCS
UFCS
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%
Cash Conversion
SPWH
SPWH
UFCS
UFCS
Q4 25
2038.00×
Q3 25
1.55×
Q2 25
2.33×
Q1 25
2.02×
Q4 24
Q3 24
2.86×
Q2 24
Q1 24
2.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons