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Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $124.7M, roughly 1.1× SMITH & WESSON BRANDS, INC.). Terreno Realty Corp runs the higher net margin — 115.1% vs 1.5%, a 113.5% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs -3.9%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
SWBI vs TRNO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $137.5M |
| Net Profit | $1.9M | $158.2M |
| Gross Margin | 24.3% | — |
| Operating Margin | 3.3% | — |
| Net Margin | 1.5% | 115.1% |
| Revenue YoY | -3.9% | 32.6% |
| Net Profit YoY | -53.6% | 107.9% |
| EPS (diluted) | $0.04 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $85.1M | $116.2M | ||
| Q2 25 | $140.8M | $112.2M | ||
| Q1 25 | $115.9M | $110.4M | ||
| Q4 24 | $129.7M | $103.7M | ||
| Q3 24 | $88.3M | $99.6M | ||
| Q2 24 | $159.1M | $94.2M | ||
| Q1 24 | $137.5M | $85.0M |
| Q4 25 | $1.9M | $158.2M | ||
| Q3 25 | $-3.4M | $103.4M | ||
| Q2 25 | $8.6M | $93.3M | ||
| Q1 25 | $2.1M | $48.1M | ||
| Q4 24 | $4.5M | $76.1M | ||
| Q3 24 | $-1.9M | $36.6M | ||
| Q2 24 | $27.9M | $35.7M | ||
| Q1 24 | $7.9M | $36.1M |
| 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% | — |
| Q4 25 | 3.3% | — | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 8.2% | — |
| Q4 25 | 1.5% | 115.1% | ||
| Q3 25 | -4.0% | 88.9% | ||
| Q2 25 | 6.1% | 83.1% | ||
| Q1 25 | 1.8% | 43.6% | ||
| Q4 24 | 3.5% | 73.4% | ||
| Q3 24 | -2.1% | 36.8% | ||
| Q2 24 | 17.5% | 37.9% | ||
| Q1 24 | 5.7% | 42.4% |
| Q4 25 | $0.04 | $1.54 | ||
| Q3 25 | $-0.08 | $1.00 | ||
| Q2 25 | $0.19 | $0.90 | ||
| Q1 25 | $0.05 | $0.47 | ||
| Q4 24 | $0.10 | $0.78 | ||
| Q3 24 | $-0.04 | $0.37 | ||
| Q2 24 | $0.60 | $0.37 | ||
| Q1 24 | $0.17 | $0.40 |
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 | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $363.2M | $4.1B |
| Total Assets | $548.6M | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $25.0M | ||
| Q3 25 | $18.0M | $26.2M | ||
| Q2 25 | $25.2M | $128.4M | ||
| Q1 25 | $26.7M | $156.5M | ||
| Q4 24 | $39.1M | $18.1M | ||
| Q3 24 | $35.5M | $243.7M | ||
| Q2 24 | $60.8M | $182.0M | ||
| Q1 24 | $47.4M | $649.6M |
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $363.2M | $4.1B | ||
| Q3 25 | $364.4M | $4.0B | ||
| Q2 25 | $372.5M | $3.9B | ||
| Q1 25 | $366.9M | $3.9B | ||
| Q4 24 | $371.5M | $3.7B | ||
| Q3 24 | $380.0M | $3.6B | ||
| Q2 24 | $399.9M | $3.4B | ||
| Q1 24 | $376.4M | $3.4B |
| Q4 25 | $548.6M | $5.4B | ||
| Q3 25 | $554.6M | $5.3B | ||
| Q2 25 | $559.6M | $5.0B | ||
| Q1 25 | $578.9M | $4.9B | ||
| Q4 24 | $587.4M | $4.8B | ||
| Q3 24 | $571.3M | $4.6B | ||
| Q2 24 | $577.4M | $4.5B | ||
| Q1 24 | $570.6M | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $16.3M | — |
| FCF MarginFCF / Revenue | 13.1% | — |
| Capex IntensityCapex / Revenue | 8.8% | — |
| Cash ConversionOCF / Net Profit | 14.22× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $21.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $271.9M | ||
| Q3 25 | $-8.1M | $79.5M | ||
| Q2 25 | $40.8M | $60.6M | ||
| Q1 25 | $-9.8M | $61.4M | ||
| Q4 24 | $-7.4M | $232.7M | ||
| Q3 24 | $-30.8M | $70.0M | ||
| Q2 24 | $43.7M | $64.3M | ||
| Q1 24 | $25.2M | $47.0M |
| Q4 25 | $16.3M | — | ||
| Q3 25 | $-12.4M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $-16.1M | — | ||
| 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% | — | ||
| 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% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 13.2% | — |
| Q4 25 | 14.22× | 1.72× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | 4.73× | 0.65× | ||
| Q1 25 | -4.68× | 1.28× | ||
| Q4 24 | -1.63× | 3.06× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | 1.57× | 1.80× | ||
| Q1 24 | 3.20× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
