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Side-by-side financial comparison of Stoke Therapeutics, Inc. (STOK) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $124.7M, roughly 1.3× SMITH & WESSON BRANDS, INC.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 1.5%, a 69.6% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -3.9%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $16.3M).

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

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

STOK vs SWBI — Head-to-Head

Bigger by revenue
STOK
STOK
1.3× larger
STOK
$158.6M
$124.7M
SWBI
Growing faster (revenue YoY)
STOK
STOK
+3665.0% gap
STOK
3661.1%
-3.9%
SWBI
Higher net margin
STOK
STOK
69.6% more per $
STOK
71.2%
1.5%
SWBI
More free cash flow
STOK
STOK
$115.4M more FCF
STOK
$131.7M
$16.3M
SWBI

Income Statement — Q1 FY2025 vs Q2 FY2026

Metric
STOK
STOK
SWBI
SWBI
Revenue
$158.6M
$124.7M
Net Profit
$112.9M
$1.9M
Gross Margin
24.3%
Operating Margin
70.2%
3.3%
Net Margin
71.2%
1.5%
Revenue YoY
3661.1%
-3.9%
Net Profit YoY
528.0%
-53.6%
EPS (diluted)
$1.90
$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
STOK
STOK
SWBI
SWBI
Q4 25
$124.7M
Q3 25
$85.1M
Q2 25
$140.8M
Q1 25
$158.6M
$115.9M
Q4 24
$22.6M
$129.7M
Q3 24
$88.3M
Q2 24
$159.1M
Q1 24
$137.5M
Net Profit
STOK
STOK
SWBI
SWBI
Q4 25
$1.9M
Q3 25
$-3.4M
Q2 25
$8.6M
Q1 25
$112.9M
$2.1M
Q4 24
$-10.5M
$4.5M
Q3 24
$-1.9M
Q2 24
$27.9M
Q1 24
$7.9M
Gross Margin
STOK
STOK
SWBI
SWBI
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 24
28.7%
Operating Margin
STOK
STOK
SWBI
SWBI
Q4 25
3.3%
Q3 25
-3.5%
Q2 25
9.3%
Q1 25
70.2%
4.1%
Q4 24
-60.4%
5.8%
Q3 24
-1.7%
Q2 24
17.4%
Q1 24
8.2%
Net Margin
STOK
STOK
SWBI
SWBI
Q4 25
1.5%
Q3 25
-4.0%
Q2 25
6.1%
Q1 25
71.2%
1.8%
Q4 24
-46.4%
3.5%
Q3 24
-2.1%
Q2 24
17.5%
Q1 24
5.7%
EPS (diluted)
STOK
STOK
SWBI
SWBI
Q4 25
$0.04
Q3 25
$-0.08
Q2 25
$0.19
Q1 25
$1.90
$0.05
Q4 24
$-0.15
$0.10
Q3 24
$-0.04
Q2 24
$0.60
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
STOK
STOK
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$274.8M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$350.1M
$363.2M
Total Assets
$406.9M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STOK
STOK
SWBI
SWBI
Q4 25
$22.4M
Q3 25
$18.0M
Q2 25
$25.2M
Q1 25
$274.8M
$26.7M
Q4 24
$128.0M
$39.1M
Q3 24
$35.5M
Q2 24
$60.8M
Q1 24
$47.4M
Stockholders' Equity
STOK
STOK
SWBI
SWBI
Q4 25
$363.2M
Q3 25
$364.4M
Q2 25
$372.5M
Q1 25
$350.1M
$366.9M
Q4 24
$229.0M
$371.5M
Q3 24
$380.0M
Q2 24
$399.9M
Q1 24
$376.4M
Total Assets
STOK
STOK
SWBI
SWBI
Q4 25
$548.6M
Q3 25
$554.6M
Q2 25
$559.6M
Q1 25
$406.9M
$578.9M
Q4 24
$271.6M
$587.4M
Q3 24
$571.3M
Q2 24
$577.4M
Q1 24
$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
STOK
STOK
SWBI
SWBI
Operating Cash FlowLast quarter
$131.8M
$27.3M
Free Cash FlowOCF − Capex
$131.7M
$16.3M
FCF MarginFCF / Revenue
83.0%
13.1%
Capex IntensityCapex / Revenue
0.1%
8.8%
Cash ConversionOCF / Net Profit
1.17×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STOK
STOK
SWBI
SWBI
Q4 25
$27.3M
Q3 25
$-8.1M
Q2 25
$40.8M
Q1 25
$131.8M
$-9.8M
Q4 24
$-23.2M
$-7.4M
Q3 24
$-30.8M
Q2 24
$43.7M
Q1 24
$25.2M
Free Cash Flow
STOK
STOK
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$-12.4M
Q2 25
$33.5M
Q1 25
$131.7M
$-16.1M
Q4 24
$-23.2M
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
Q1 24
$7.0M
FCF Margin
STOK
STOK
SWBI
SWBI
Q4 25
13.1%
Q3 25
-14.6%
Q2 25
23.8%
Q1 25
83.0%
-13.9%
Q4 24
-102.7%
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Q1 24
5.1%
Capex Intensity
STOK
STOK
SWBI
SWBI
Q4 25
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
0.1%
5.4%
Q4 24
0.2%
2.5%
Q3 24
5.3%
Q2 24
3.5%
Q1 24
13.2%
Cash Conversion
STOK
STOK
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
4.73×
Q1 25
1.17×
-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.

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