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Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 1.5%, a 6.1% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
SWBI vs VITL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $213.6M |
| Net Profit | $1.9M | $16.3M |
| Gross Margin | 24.3% | 35.8% |
| Operating Margin | 3.3% | 10.0% |
| Net Margin | 1.5% | 7.6% |
| Revenue YoY | -3.9% | 28.7% |
| Net Profit YoY | -53.6% | 54.3% |
| EPS (diluted) | $0.04 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $85.1M | $198.9M | ||
| Q2 25 | $140.8M | $184.8M | ||
| Q1 25 | $115.9M | $162.2M | ||
| Q4 24 | $129.7M | $166.0M | ||
| Q3 24 | $88.3M | $145.0M | ||
| Q2 24 | $159.1M | $147.4M | ||
| Q1 24 | $137.5M | $147.9M |
| Q4 25 | $1.9M | $16.3M | ||
| Q3 25 | $-3.4M | $16.4M | ||
| Q2 25 | $8.6M | $16.6M | ||
| Q1 25 | $2.1M | $16.9M | ||
| Q4 24 | $4.5M | $10.6M | ||
| Q3 24 | $-1.9M | $7.4M | ||
| Q2 24 | $27.9M | $16.3M | ||
| Q1 24 | $7.9M | $19.0M |
| Q4 25 | 24.3% | 35.8% | ||
| Q3 25 | 25.9% | 37.7% | ||
| Q2 25 | 28.8% | 38.9% | ||
| Q1 25 | 24.1% | 38.5% | ||
| Q4 24 | 26.6% | 36.1% | ||
| Q3 24 | 27.4% | 36.9% | ||
| Q2 24 | 35.5% | 39.1% | ||
| Q1 24 | 28.7% | 39.8% |
| Q4 25 | 3.3% | 10.0% | ||
| Q3 25 | -3.5% | 10.8% | ||
| Q2 25 | 9.3% | 12.9% | ||
| Q1 25 | 4.1% | 13.4% | ||
| Q4 24 | 5.8% | 7.8% | ||
| Q3 24 | -1.7% | 6.4% | ||
| Q2 24 | 17.4% | 11.6% | ||
| Q1 24 | 8.2% | 16.3% |
| Q4 25 | 1.5% | 7.6% | ||
| Q3 25 | -4.0% | 8.3% | ||
| Q2 25 | 6.1% | 9.0% | ||
| Q1 25 | 1.8% | 10.4% | ||
| Q4 24 | 3.5% | 6.4% | ||
| Q3 24 | -2.1% | 5.1% | ||
| Q2 24 | 17.5% | 11.1% | ||
| Q1 24 | 5.7% | 12.9% |
| Q4 25 | $0.04 | $0.35 | ||
| Q3 25 | $-0.08 | $0.36 | ||
| Q2 25 | $0.19 | $0.36 | ||
| Q1 25 | $0.05 | $0.37 | ||
| Q4 24 | $0.10 | $0.23 | ||
| Q3 24 | $-0.04 | $0.16 | ||
| Q2 24 | $0.60 | $0.36 | ||
| Q1 24 | $0.17 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $363.2M | $351.3M |
| Total Assets | $548.6M | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $48.8M | ||
| Q3 25 | $18.0M | $93.8M | ||
| Q2 25 | $25.2M | $108.2M | ||
| Q1 25 | $26.7M | $156.3M | ||
| Q4 24 | $39.1M | $150.6M | ||
| Q3 24 | $35.5M | $149.5M | ||
| Q2 24 | $60.8M | $133.2M | ||
| Q1 24 | $47.4M | $113.8M |
| Q4 25 | $363.2M | $351.3M | ||
| Q3 25 | $364.4M | $331.2M | ||
| Q2 25 | $372.5M | $309.8M | ||
| Q1 25 | $366.9M | $288.9M | ||
| Q4 24 | $371.5M | $269.3M | ||
| Q3 24 | $380.0M | $253.4M | ||
| Q2 24 | $399.9M | $238.4M | ||
| Q1 24 | $376.4M | $213.3M |
| Q4 25 | $548.6M | $518.7M | ||
| Q3 25 | $554.6M | $481.5M | ||
| Q2 25 | $559.6M | $430.8M | ||
| Q1 25 | $578.9M | $376.9M | ||
| Q4 24 | $587.4M | $359.3M | ||
| Q3 24 | $571.3M | $344.7M | ||
| Q2 24 | $577.4M | $320.5M | ||
| Q1 24 | $570.6M | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $16.3M | $-32.1M |
| FCF MarginFCF / Revenue | 13.1% | -15.1% |
| Capex IntensityCapex / Revenue | 8.8% | 17.8% |
| Cash ConversionOCF / Net Profit | 14.22× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $21.3M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $5.8M | ||
| Q3 25 | $-8.1M | $23.4M | ||
| Q2 25 | $40.8M | $-761.0K | ||
| Q1 25 | $-9.8M | $5.3M | ||
| Q4 24 | $-7.4M | $14.8M | ||
| Q3 24 | $-30.8M | $10.0M | ||
| Q2 24 | $43.7M | $16.1M | ||
| Q1 24 | $25.2M | $23.9M |
| Q4 25 | $16.3M | $-32.1M | ||
| Q3 25 | $-12.4M | $-10.6M | ||
| Q2 25 | $33.5M | $-7.6M | ||
| Q1 25 | $-16.1M | $2.1M | ||
| Q4 24 | $-10.7M | $-3.4M | ||
| Q3 24 | $-35.5M | $6.4M | ||
| Q2 24 | $38.2M | $10.5M | ||
| Q1 24 | $7.0M | $22.6M |
| Q4 25 | 13.1% | -15.1% | ||
| Q3 25 | -14.6% | -5.3% | ||
| Q2 25 | 23.8% | -4.1% | ||
| Q1 25 | -13.9% | 1.3% | ||
| Q4 24 | -8.3% | -2.0% | ||
| Q3 24 | -40.2% | 4.4% | ||
| Q2 24 | 24.0% | 7.2% | ||
| Q1 24 | 5.1% | 15.3% |
| Q4 25 | 8.8% | 17.8% | ||
| Q3 25 | 5.0% | 17.1% | ||
| Q2 25 | 5.2% | 3.7% | ||
| Q1 25 | 5.4% | 1.9% | ||
| Q4 24 | 2.5% | 10.9% | ||
| Q3 24 | 5.3% | 2.5% | ||
| Q2 24 | 3.5% | 3.8% | ||
| Q1 24 | 13.2% | 0.9% |
| Q4 25 | 14.22× | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | 4.73× | -0.05× | ||
| Q1 25 | -4.68× | 0.31× | ||
| Q4 24 | -1.63× | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | 1.57× | 0.99× | ||
| Q1 24 | 3.20× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
