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Side-by-side financial comparison of 1ST SOURCE CORP (SRCE) 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 $113.1M, roughly 1.1× 1ST SOURCE CORP). 1ST SOURCE CORP runs the higher net margin — 35.3% vs 1.5%, a 33.8% gap on every dollar of revenue. On growth, 1ST SOURCE CORP posted the faster year-over-year revenue change (8.7% vs -3.9%). 1ST SOURCE CORP produced more free cash flow last quarter ($58.1M vs $16.3M). Over the past eight quarters, 1ST SOURCE CORP's revenue compounded faster (7.8% CAGR vs -4.8%).
1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
SRCE vs SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.1M | $124.7M |
| Net Profit | $40.0M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 45.4% | 3.3% |
| Net Margin | 35.3% | 1.5% |
| Revenue YoY | 8.7% | -3.9% |
| Net Profit YoY | 6.5% | -53.6% |
| EPS (diluted) | $1.63 | $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 | $113.1M | — | ||
| Q4 25 | $110.8M | $124.7M | ||
| Q3 25 | $110.7M | $85.1M | ||
| Q2 25 | $108.2M | $140.8M | ||
| Q1 25 | $104.0M | $115.9M | ||
| Q4 24 | $97.8M | $129.7M | ||
| Q3 24 | $97.9M | $88.3M | ||
| Q2 24 | $97.3M | $159.1M |
| Q1 26 | $40.0M | — | ||
| Q4 25 | $41.1M | $1.9M | ||
| Q3 25 | $42.3M | $-3.4M | ||
| Q2 25 | $37.3M | $8.6M | ||
| Q1 25 | $37.5M | $2.1M | ||
| Q4 24 | $31.4M | $4.5M | ||
| Q3 24 | $34.9M | $-1.9M | ||
| Q2 24 | $36.8M | $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 | 45.4% | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | 49.7% | -3.5% | ||
| Q2 25 | 44.5% | 9.3% | ||
| Q1 25 | 45.8% | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 46.3% | -1.7% | ||
| Q2 24 | 49.1% | 17.4% |
| Q1 26 | 35.3% | — | ||
| Q4 25 | 37.1% | 1.5% | ||
| Q3 25 | 38.2% | -4.0% | ||
| Q2 25 | 34.5% | 6.1% | ||
| Q1 25 | 36.1% | 1.8% | ||
| Q4 24 | 32.1% | 3.5% | ||
| Q3 24 | 35.7% | -2.1% | ||
| Q2 24 | 37.8% | 17.5% |
| Q1 26 | $1.63 | — | ||
| Q4 25 | $1.67 | $0.04 | ||
| Q3 25 | $1.71 | $-0.08 | ||
| Q2 25 | $1.51 | $0.19 | ||
| Q1 25 | $1.52 | $0.05 | ||
| Q4 24 | $1.27 | $0.10 | ||
| Q3 24 | $1.41 | $-0.04 | ||
| Q2 24 | $1.49 | $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 | — | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $363.2M |
| Total Assets | $9.1B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $22.4M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $25.2M | ||
| Q1 25 | — | $26.7M | ||
| Q4 24 | — | $39.1M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | — | $60.8M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $363.2M | ||
| Q3 25 | $1.2B | $364.4M | ||
| Q2 25 | $1.2B | $372.5M | ||
| Q1 25 | $1.2B | $366.9M | ||
| Q4 24 | $1.1B | $371.5M | ||
| Q3 24 | $1.1B | $380.0M | ||
| Q2 24 | $1.0B | $399.9M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $548.6M | ||
| Q3 25 | $9.1B | $554.6M | ||
| Q2 25 | $9.1B | $559.6M | ||
| Q1 25 | $9.0B | $578.9M | ||
| Q4 24 | $8.9B | $587.4M | ||
| Q3 24 | $8.8B | $571.3M | ||
| Q2 24 | $8.9B | $577.4M |
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 | $59.1M | $27.3M |
| Free Cash FlowOCF − Capex | $58.1M | $16.3M |
| FCF MarginFCF / Revenue | 51.4% | 13.1% |
| Capex IntensityCapex / Revenue | 0.9% | 8.8% |
| Cash ConversionOCF / Net Profit | 1.48× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $361.4M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $59.1M | — | ||
| Q4 25 | $223.1M | $27.3M | ||
| Q3 25 | $51.0M | $-8.1M | ||
| Q2 25 | $44.9M | $40.8M | ||
| Q1 25 | $71.8M | $-9.8M | ||
| Q4 24 | $193.9M | $-7.4M | ||
| Q3 24 | $68.4M | $-30.8M | ||
| Q2 24 | $50.0M | $43.7M |
| Q1 26 | $58.1M | — | ||
| Q4 25 | $213.0M | $16.3M | ||
| Q3 25 | $47.3M | $-12.4M | ||
| Q2 25 | $43.0M | $33.5M | ||
| Q1 25 | $69.3M | $-16.1M | ||
| Q4 24 | $181.5M | $-10.7M | ||
| Q3 24 | $66.7M | $-35.5M | ||
| Q2 24 | $46.4M | $38.2M |
| Q1 26 | 51.4% | — | ||
| Q4 25 | 192.2% | 13.1% | ||
| Q3 25 | 42.7% | -14.6% | ||
| Q2 25 | 39.8% | 23.8% | ||
| Q1 25 | 66.6% | -13.9% | ||
| Q4 24 | 185.5% | -8.3% | ||
| Q3 24 | 68.1% | -40.2% | ||
| Q2 24 | 47.7% | 24.0% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | 9.1% | 8.8% | ||
| Q3 25 | 3.4% | 5.0% | ||
| Q2 25 | 1.7% | 5.2% | ||
| Q1 25 | 2.4% | 5.4% | ||
| Q4 24 | 12.6% | 2.5% | ||
| Q3 24 | 1.7% | 5.3% | ||
| Q2 24 | 3.7% | 3.5% |
| Q1 26 | 1.48× | — | ||
| Q4 25 | 5.42× | 14.22× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.20× | 4.73× | ||
| Q1 25 | 1.91× | -4.68× | ||
| Q4 24 | 6.17× | -1.63× | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 1.36× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
