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Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and Target Hospitality Corp. (TH). 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 $73.5M, roughly 1.7× Target Hospitality Corp.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -20.3%, a 21.9% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -3.9%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
SWBI vs TH — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $73.5M |
| Net Profit | $1.9M | $-14.9M |
| Gross Margin | 24.3% | 9.6% |
| Operating Margin | 3.3% | -22.9% |
| Net Margin | 1.5% | -20.3% |
| Revenue YoY | -3.9% | 22.0% |
| Net Profit YoY | -53.6% | -219.1% |
| EPS (diluted) | $0.04 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $85.1M | $91.6M | ||
| Q2 25 | $140.8M | $54.9M | ||
| Q1 25 | $115.9M | $54.9M | ||
| Q4 24 | $129.7M | $60.2M | ||
| Q3 24 | $88.3M | $65.8M | ||
| Q2 24 | $159.1M | $67.5M | ||
| Q1 24 | $137.5M | $72.4M |
| Q4 25 | $1.9M | $-14.9M | ||
| Q3 25 | $-3.4M | $-795.0K | ||
| Q2 25 | $8.6M | $-14.9M | ||
| Q1 25 | $2.1M | $-6.5M | ||
| Q4 24 | $4.5M | $12.5M | ||
| Q3 24 | $-1.9M | $20.0M | ||
| Q2 24 | $27.9M | $18.4M | ||
| Q1 24 | $7.9M | $20.4M |
| Q4 25 | 24.3% | 9.6% | ||
| Q3 25 | 25.9% | 19.6% | ||
| Q2 25 | 28.8% | -0.6% | ||
| Q1 25 | 24.1% | 32.7% | ||
| Q4 24 | 26.6% | 61.5% | ||
| Q3 24 | 27.4% | 68.7% | ||
| Q2 24 | 35.5% | 69.4% | ||
| Q1 24 | 28.7% | 67.8% |
| Q4 25 | 3.3% | -22.9% | ||
| Q3 25 | -3.5% | 0.1% | ||
| Q2 25 | 9.3% | -30.8% | ||
| Q1 25 | 4.1% | -2.0% | ||
| Q4 24 | 5.8% | 34.5% | ||
| Q3 24 | -1.7% | 42.5% | ||
| Q2 24 | 17.4% | 43.8% | ||
| Q1 24 | 8.2% | 42.0% |
| Q4 25 | 1.5% | -20.3% | ||
| Q3 25 | -4.0% | -0.9% | ||
| Q2 25 | 6.1% | -27.2% | ||
| Q1 25 | 1.8% | -11.8% | ||
| Q4 24 | 3.5% | 20.8% | ||
| Q3 24 | -2.1% | 30.4% | ||
| Q2 24 | 17.5% | 27.2% | ||
| Q1 24 | 5.7% | 28.2% |
| Q4 25 | $0.04 | $-0.14 | ||
| Q3 25 | $-0.08 | $-0.01 | ||
| Q2 25 | $0.19 | $-0.15 | ||
| Q1 25 | $0.05 | $-0.07 | ||
| Q4 24 | $0.10 | $0.12 | ||
| Q3 24 | $-0.04 | $0.20 | ||
| Q2 24 | $0.60 | $0.18 | ||
| Q1 24 | $0.17 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $363.2M | $389.3M |
| Total Assets | $548.6M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $8.3M | ||
| Q3 25 | $18.0M | $30.4M | ||
| Q2 25 | $25.2M | $19.2M | ||
| Q1 25 | $26.7M | $34.5M | ||
| Q4 24 | $39.1M | $190.7M | ||
| Q3 24 | $35.5M | $177.7M | ||
| Q2 24 | $60.8M | $154.3M | ||
| Q1 24 | $47.4M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $363.2M | $389.3M | ||
| Q3 25 | $364.4M | $402.4M | ||
| Q2 25 | $372.5M | $401.3M | ||
| Q1 25 | $366.9M | $415.3M | ||
| Q4 24 | $371.5M | $421.1M | ||
| Q3 24 | $380.0M | $417.6M | ||
| Q2 24 | $399.9M | $397.2M | ||
| Q1 24 | $376.4M | $375.5M |
| Q4 25 | $548.6M | $530.2M | ||
| Q3 25 | $554.6M | $541.2M | ||
| Q2 25 | $559.6M | $533.7M | ||
| Q1 25 | $578.9M | $562.5M | ||
| Q4 24 | $587.4M | $725.8M | ||
| Q3 24 | $571.3M | $709.8M | ||
| Q2 24 | $577.4M | $697.0M | ||
| Q1 24 | $570.6M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| Free Cash FlowOCF − Capex | $16.3M | — |
| FCF MarginFCF / Revenue | 13.1% | — |
| Capex IntensityCapex / Revenue | 8.8% | — |
| Cash ConversionOCF / Net Profit | 14.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $21.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $5.7M | ||
| Q3 25 | $-8.1M | $53.4M | ||
| Q2 25 | $40.8M | $11.1M | ||
| Q1 25 | $-9.8M | $3.9M | ||
| Q4 24 | $-7.4M | $30.6M | ||
| Q3 24 | $-30.8M | $31.4M | ||
| Q2 24 | $43.7M | $39.1M | ||
| Q1 24 | $25.2M | $50.6M |
| Q4 25 | $16.3M | — | ||
| Q3 25 | $-12.4M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $-16.1M | $-11.6M | ||
| Q4 24 | $-10.7M | — | ||
| Q3 24 | $-35.5M | — | ||
| Q2 24 | $38.2M | — | ||
| Q1 24 | $7.0M | — |
| Q4 25 | 13.1% | — | ||
| Q3 25 | -14.6% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | -13.9% | -21.1% | ||
| Q4 24 | -8.3% | — | ||
| Q3 24 | -40.2% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 5.1% | — |
| Q4 25 | 8.8% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | 5.4% | 28.2% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 13.2% | — |
| Q4 25 | 14.22× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.73× | — | ||
| Q1 25 | -4.68× | — | ||
| Q4 24 | -1.63× | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 1.57× | 2.13× | ||
| Q1 24 | 3.20× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
