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Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.2× Latham Group, Inc.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -7.0%, a 8.6% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $14.1M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -4.9%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
SWBI vs SWIM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $100.0M |
| Net Profit | $1.9M | $-7.0M |
| Gross Margin | 24.3% | 28.0% |
| Operating Margin | 3.3% | -10.7% |
| Net Margin | 1.5% | -7.0% |
| Revenue YoY | -3.9% | 14.5% |
| Net Profit YoY | -53.6% | 76.0% |
| EPS (diluted) | $0.04 | $-0.06 |
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 | $124.7M | $100.0M | ||
| Q3 25 | $85.1M | $161.9M | ||
| Q2 25 | $140.8M | $172.6M | ||
| Q1 25 | $115.9M | $111.4M | ||
| Q4 24 | $129.7M | $87.3M | ||
| Q3 24 | $88.3M | $150.5M | ||
| Q2 24 | $159.1M | $160.1M | ||
| Q1 24 | $137.5M | $110.6M |
| Q4 25 | $1.9M | $-7.0M | ||
| Q3 25 | $-3.4M | $8.1M | ||
| Q2 25 | $8.6M | $16.0M | ||
| Q1 25 | $2.1M | $-6.0M | ||
| Q4 24 | $4.5M | $-29.2M | ||
| Q3 24 | $-1.9M | $5.9M | ||
| Q2 24 | $27.9M | $13.3M | ||
| Q1 24 | $7.9M | $-7.9M |
| Q4 25 | 24.3% | 28.0% | ||
| Q3 25 | 25.9% | 35.4% | ||
| Q2 25 | 28.8% | 37.1% | ||
| Q1 25 | 24.1% | 29.5% | ||
| Q4 24 | 26.6% | 24.6% | ||
| Q3 24 | 27.4% | 32.4% | ||
| Q2 24 | 35.5% | 33.1% | ||
| Q1 24 | 28.7% | 27.7% |
| Q4 25 | 3.3% | -10.7% | ||
| Q3 25 | -3.5% | 13.3% | ||
| Q2 25 | 9.3% | 14.3% | ||
| Q1 25 | 4.1% | -4.4% | ||
| Q4 24 | 5.8% | -14.9% | ||
| Q3 24 | -1.7% | 8.9% | ||
| Q2 24 | 17.4% | 12.5% | ||
| Q1 24 | 8.2% | -1.9% |
| Q4 25 | 1.5% | -7.0% | ||
| Q3 25 | -4.0% | 5.0% | ||
| Q2 25 | 6.1% | 9.3% | ||
| Q1 25 | 1.8% | -5.4% | ||
| Q4 24 | 3.5% | -33.4% | ||
| Q3 24 | -2.1% | 3.9% | ||
| Q2 24 | 17.5% | 8.3% | ||
| Q1 24 | 5.7% | -7.1% |
| Q4 25 | $0.04 | $-0.06 | ||
| Q3 25 | $-0.08 | $0.07 | ||
| Q2 25 | $0.19 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $0.10 | $-0.24 | ||
| Q3 24 | $-0.04 | $0.05 | ||
| Q2 24 | $0.60 | $0.11 | ||
| Q1 24 | $0.17 | $-0.07 |
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 | — | $279.8M |
| Stockholders' EquityBook value | $363.2M | $405.9M |
| Total Assets | $548.6M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $47.4M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $363.2M | $405.9M | ||
| Q3 25 | $364.4M | $408.4M | ||
| Q2 25 | $372.5M | $398.4M | ||
| Q1 25 | $366.9M | $381.1M | ||
| Q4 24 | $371.5M | $387.2M | ||
| Q3 24 | $380.0M | $416.6M | ||
| Q2 24 | $399.9M | $408.1M | ||
| Q1 24 | $376.4M | $391.8M |
| Q4 25 | $548.6M | $823.2M | ||
| Q3 25 | $554.6M | $844.4M | ||
| Q2 25 | $559.6M | $822.1M | ||
| Q1 25 | $578.9M | $824.6M | ||
| Q4 24 | $587.4M | $794.2M | ||
| Q3 24 | $571.3M | $853.4M | ||
| Q2 24 | $577.4M | $830.0M | ||
| Q1 24 | $570.6M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $27.3M | $23.3M |
| Free Cash FlowOCF − Capex | $16.3M | $14.1M |
| FCF MarginFCF / Revenue | 13.1% | 14.1% |
| Capex IntensityCapex / Revenue | 8.8% | 9.2% |
| Cash ConversionOCF / Net Profit | 14.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $21.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $23.3M | ||
| Q3 25 | $-8.1M | $51.0M | ||
| Q2 25 | $40.8M | $36.0M | ||
| Q1 25 | $-9.8M | $-46.9M | ||
| Q4 24 | $-7.4M | $6.2M | ||
| Q3 24 | $-30.8M | $37.2M | ||
| Q2 24 | $43.7M | $52.4M | ||
| Q1 24 | $25.2M | $-34.5M |
| Q4 25 | $16.3M | $14.1M | ||
| Q3 25 | $-12.4M | $45.2M | ||
| Q2 25 | $33.5M | $29.1M | ||
| Q1 25 | $-16.1M | $-50.3M | ||
| Q4 24 | $-10.7M | $-98.0K | ||
| Q3 24 | $-35.5M | $33.2M | ||
| Q2 24 | $38.2M | $47.9M | ||
| Q1 24 | $7.0M | $-39.9M |
| Q4 25 | 13.1% | 14.1% | ||
| Q3 25 | -14.6% | 27.9% | ||
| Q2 25 | 23.8% | 16.8% | ||
| Q1 25 | -13.9% | -45.2% | ||
| Q4 24 | -8.3% | -0.1% | ||
| Q3 24 | -40.2% | 22.1% | ||
| Q2 24 | 24.0% | 29.9% | ||
| Q1 24 | 5.1% | -36.0% |
| Q4 25 | 8.8% | 9.2% | ||
| Q3 25 | 5.0% | 3.6% | ||
| Q2 25 | 5.2% | 4.0% | ||
| Q1 25 | 5.4% | 3.1% | ||
| Q4 24 | 2.5% | 7.2% | ||
| Q3 24 | 5.3% | 2.7% | ||
| Q2 24 | 3.5% | 2.8% | ||
| Q1 24 | 13.2% | 4.8% |
| Q4 25 | 14.22× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 4.73× | 2.25× | ||
| Q1 25 | -4.68× | — | ||
| Q4 24 | -1.63× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | 1.57× | 3.95× | ||
| Q1 24 | 3.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
