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

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $124.7M, roughly 1.1× SMITH & WESSON BRANDS, INC.). VERACYTE, INC. runs the higher net margin — 29.3% vs 1.5%, a 27.7% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs -3.9%). VERACYTE, INC. produced more free cash flow last quarter ($48.8M vs $16.3M). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% CAGR vs -4.8%).

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

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

SWBI vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.1× larger
VCYT
$140.6M
$124.7M
SWBI
Growing faster (revenue YoY)
VCYT
VCYT
+22.4% gap
VCYT
18.5%
-3.9%
SWBI
Higher net margin
VCYT
VCYT
27.7% more per $
VCYT
29.3%
1.5%
SWBI
More free cash flow
VCYT
VCYT
$32.5M more FCF
VCYT
$48.8M
$16.3M
SWBI
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
-4.8%
SWBI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
SWBI
SWBI
VCYT
VCYT
Revenue
$124.7M
$140.6M
Net Profit
$1.9M
$41.1M
Gross Margin
24.3%
72.5%
Operating Margin
3.3%
26.4%
Net Margin
1.5%
29.3%
Revenue YoY
-3.9%
18.5%
Net Profit YoY
-53.6%
704.8%
EPS (diluted)
$0.04
$0.50

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
SWBI
SWBI
VCYT
VCYT
Q4 25
$124.7M
$140.6M
Q3 25
$85.1M
$131.9M
Q2 25
$140.8M
$130.2M
Q1 25
$115.9M
$114.5M
Q4 24
$129.7M
$118.6M
Q3 24
$88.3M
$115.9M
Q2 24
$159.1M
$114.4M
Q1 24
$137.5M
$96.8M
Net Profit
SWBI
SWBI
VCYT
VCYT
Q4 25
$1.9M
$41.1M
Q3 25
$-3.4M
$19.1M
Q2 25
$8.6M
$-980.0K
Q1 25
$2.1M
$7.0M
Q4 24
$4.5M
$5.1M
Q3 24
$-1.9M
$15.2M
Q2 24
$27.9M
$5.7M
Q1 24
$7.9M
$-1.9M
Gross Margin
SWBI
SWBI
VCYT
VCYT
Q4 25
24.3%
72.5%
Q3 25
25.9%
69.2%
Q2 25
28.8%
69.0%
Q1 25
24.1%
69.5%
Q4 24
26.6%
66.4%
Q3 24
27.4%
68.2%
Q2 24
35.5%
68.1%
Q1 24
28.7%
64.5%
Operating Margin
SWBI
SWBI
VCYT
VCYT
Q4 25
3.3%
26.4%
Q3 25
-3.5%
17.4%
Q2 25
9.3%
-4.0%
Q1 25
4.1%
2.5%
Q4 24
5.8%
3.5%
Q3 24
-1.7%
10.4%
Q2 24
17.4%
4.0%
Q1 24
8.2%
-4.8%
Net Margin
SWBI
SWBI
VCYT
VCYT
Q4 25
1.5%
29.3%
Q3 25
-4.0%
14.5%
Q2 25
6.1%
-0.8%
Q1 25
1.8%
6.2%
Q4 24
3.5%
4.3%
Q3 24
-2.1%
13.1%
Q2 24
17.5%
5.0%
Q1 24
5.7%
-1.9%
EPS (diluted)
SWBI
SWBI
VCYT
VCYT
Q4 25
$0.04
$0.50
Q3 25
$-0.08
$0.24
Q2 25
$0.19
$-0.01
Q1 25
$0.05
$0.09
Q4 24
$0.10
$0.07
Q3 24
$-0.04
$0.19
Q2 24
$0.60
$0.07
Q1 24
$0.17
$-0.02

Balance Sheet & Financial Strength

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

Metric
SWBI
SWBI
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$22.4M
$362.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$363.2M
$1.3B
Total Assets
$548.6M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWBI
SWBI
VCYT
VCYT
Q4 25
$22.4M
$362.6M
Q3 25
$18.0M
$315.6M
Q2 25
$25.2M
$219.5M
Q1 25
$26.7M
$186.1M
Q4 24
$39.1M
$239.1M
Q3 24
$35.5M
$274.1M
Q2 24
$60.8M
$235.9M
Q1 24
$47.4M
$209.2M
Stockholders' Equity
SWBI
SWBI
VCYT
VCYT
Q4 25
$363.2M
$1.3B
Q3 25
$364.4M
$1.3B
Q2 25
$372.5M
$1.2B
Q1 25
$366.9M
$1.2B
Q4 24
$371.5M
$1.2B
Q3 24
$380.0M
$1.2B
Q2 24
$399.9M
$1.1B
Q1 24
$376.4M
$1.1B
Total Assets
SWBI
SWBI
VCYT
VCYT
Q4 25
$548.6M
$1.4B
Q3 25
$554.6M
$1.4B
Q2 25
$559.6M
$1.3B
Q1 25
$578.9M
$1.3B
Q4 24
$587.4M
$1.3B
Q3 24
$571.3M
$1.3B
Q2 24
$577.4M
$1.2B
Q1 24
$570.6M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SWBI
SWBI
VCYT
VCYT
Operating Cash FlowLast quarter
$27.3M
$52.6M
Free Cash FlowOCF − Capex
$16.3M
$48.8M
FCF MarginFCF / Revenue
13.1%
34.7%
Capex IntensityCapex / Revenue
8.8%
2.7%
Cash ConversionOCF / Net Profit
14.22×
1.28×
TTM Free Cash FlowTrailing 4 quarters
$21.3M
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWBI
SWBI
VCYT
VCYT
Q4 25
$27.3M
$52.6M
Q3 25
$-8.1M
$44.8M
Q2 25
$40.8M
$33.6M
Q1 25
$-9.8M
$5.4M
Q4 24
$-7.4M
$24.5M
Q3 24
$-30.8M
$30.0M
Q2 24
$43.7M
$29.6M
Q1 24
$25.2M
$-9.0M
Free Cash Flow
SWBI
SWBI
VCYT
VCYT
Q4 25
$16.3M
$48.8M
Q3 25
$-12.4M
$42.0M
Q2 25
$33.5M
$32.3M
Q1 25
$-16.1M
$3.5M
Q4 24
$-10.7M
$20.4M
Q3 24
$-35.5M
$27.7M
Q2 24
$38.2M
$26.8M
Q1 24
$7.0M
$-11.1M
FCF Margin
SWBI
SWBI
VCYT
VCYT
Q4 25
13.1%
34.7%
Q3 25
-14.6%
31.8%
Q2 25
23.8%
24.8%
Q1 25
-13.9%
3.1%
Q4 24
-8.3%
17.2%
Q3 24
-40.2%
23.9%
Q2 24
24.0%
23.4%
Q1 24
5.1%
-11.5%
Capex Intensity
SWBI
SWBI
VCYT
VCYT
Q4 25
8.8%
2.7%
Q3 25
5.0%
2.1%
Q2 25
5.2%
1.0%
Q1 25
5.4%
1.6%
Q4 24
2.5%
3.5%
Q3 24
5.3%
1.9%
Q2 24
3.5%
2.4%
Q1 24
13.2%
2.2%
Cash Conversion
SWBI
SWBI
VCYT
VCYT
Q4 25
14.22×
1.28×
Q3 25
2.34×
Q2 25
4.73×
Q1 25
-4.68×
0.76×
Q4 24
-1.63×
4.80×
Q3 24
1.98×
Q2 24
1.57×
5.16×
Q1 24
3.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SWBI
SWBI

Segment breakdown not available.

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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