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Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 1.5%, a 14.7% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -10.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-74.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
SWBI vs VRTS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $208.0M |
| Net Profit | $1.9M | $33.9M |
| Gross Margin | 24.3% | — |
| Operating Margin | 3.3% | 19.1% |
| Net Margin | 1.5% | 16.3% |
| Revenue YoY | -3.9% | -10.9% |
| Net Profit YoY | -53.6% | -14.2% |
| EPS (diluted) | $0.04 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $85.1M | $216.4M | ||
| Q2 25 | $140.8M | $210.5M | ||
| Q1 25 | $115.9M | $217.9M | ||
| Q4 24 | $129.7M | $233.5M | ||
| Q3 24 | $88.3M | $227.0M | ||
| Q2 24 | $159.1M | $224.4M | ||
| Q1 24 | $137.5M | $222.0M |
| Q4 25 | $1.9M | $33.9M | ||
| Q3 25 | $-3.4M | $31.3M | ||
| Q2 25 | $8.6M | $42.7M | ||
| Q1 25 | $2.1M | $28.1M | ||
| Q4 24 | $4.5M | $39.5M | ||
| Q3 24 | $-1.9M | $49.1M | ||
| Q2 24 | $27.9M | $26.0M | ||
| Q1 24 | $7.9M | $37.9M |
| 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% | 19.1% | ||
| Q3 25 | -3.5% | 21.7% | ||
| Q2 25 | 9.3% | 21.5% | ||
| Q1 25 | 4.1% | 16.8% | ||
| Q4 24 | 5.8% | 21.7% | ||
| Q3 24 | -1.7% | 24.3% | ||
| Q2 24 | 17.4% | 19.7% | ||
| Q1 24 | 8.2% | 14.5% |
| Q4 25 | 1.5% | 16.3% | ||
| Q3 25 | -4.0% | 14.5% | ||
| Q2 25 | 6.1% | 20.3% | ||
| Q1 25 | 1.8% | 12.9% | ||
| Q4 24 | 3.5% | 16.9% | ||
| Q3 24 | -2.1% | 21.6% | ||
| Q2 24 | 17.5% | 11.6% | ||
| Q1 24 | 5.7% | 17.1% |
| Q4 25 | $0.04 | $5.15 | ||
| Q3 25 | $-0.08 | $4.65 | ||
| Q2 25 | $0.19 | $6.12 | ||
| Q1 25 | $0.05 | $4.05 | ||
| Q4 24 | $0.10 | $4.65 | ||
| Q3 24 | $-0.04 | $5.71 | ||
| Q2 24 | $0.60 | $2.43 | ||
| Q1 24 | $0.17 | $4.10 |
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 | — | $390.0M |
| Stockholders' EquityBook value | $363.2M | $934.0M |
| Total Assets | $548.6M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
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 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $363.2M | $934.0M | ||
| Q3 25 | $364.4M | $918.7M | ||
| Q2 25 | $372.5M | $896.4M | ||
| Q1 25 | $366.9M | $893.7M | ||
| Q4 24 | $371.5M | $897.5M | ||
| Q3 24 | $380.0M | $889.0M | ||
| Q2 24 | $399.9M | $868.7M | ||
| Q1 24 | $376.4M | $871.7M |
| Q4 25 | $548.6M | $4.3B | ||
| Q3 25 | $554.6M | $3.9B | ||
| Q2 25 | $559.6M | $3.7B | ||
| Q1 25 | $578.9M | $3.7B | ||
| Q4 24 | $587.4M | $4.0B | ||
| Q3 24 | $571.3M | $3.6B | ||
| Q2 24 | $577.4M | $3.6B | ||
| Q1 24 | $570.6M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $16.3M | $-74.1M |
| FCF MarginFCF / Revenue | 13.1% | -35.6% |
| Capex IntensityCapex / Revenue | 8.8% | 3.3% |
| Cash ConversionOCF / Net Profit | 14.22× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $21.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $-67.2M | ||
| Q3 25 | $-8.1M | $108.3M | ||
| Q2 25 | $40.8M | $75.8M | ||
| Q1 25 | $-9.8M | $-3.8M | ||
| Q4 24 | $-7.4M | $1.8M | ||
| Q3 24 | $-30.8M | $69.1M | ||
| Q2 24 | $43.7M | $70.0M | ||
| Q1 24 | $25.2M | $-34.5M |
| Q4 25 | $16.3M | $-74.1M | ||
| Q3 25 | $-12.4M | $106.9M | ||
| Q2 25 | $33.5M | $74.2M | ||
| Q1 25 | $-16.1M | $-6.8M | ||
| Q4 24 | $-10.7M | $-3.8M | ||
| Q3 24 | $-35.5M | $68.7M | ||
| Q2 24 | $38.2M | $68.6M | ||
| Q1 24 | $7.0M | $-36.5M |
| Q4 25 | 13.1% | -35.6% | ||
| Q3 25 | -14.6% | 49.4% | ||
| Q2 25 | 23.8% | 35.2% | ||
| Q1 25 | -13.9% | -3.1% | ||
| Q4 24 | -8.3% | -1.6% | ||
| Q3 24 | -40.2% | 30.3% | ||
| Q2 24 | 24.0% | 30.6% | ||
| Q1 24 | 5.1% | -16.4% |
| Q4 25 | 8.8% | 3.3% | ||
| Q3 25 | 5.0% | 0.7% | ||
| Q2 25 | 5.2% | 0.7% | ||
| Q1 25 | 5.4% | 1.4% | ||
| Q4 24 | 2.5% | 2.4% | ||
| Q3 24 | 5.3% | 0.2% | ||
| Q2 24 | 3.5% | 0.6% | ||
| Q1 24 | 13.2% | 0.9% |
| Q4 25 | 14.22× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | 4.73× | 1.77× | ||
| Q1 25 | -4.68× | -0.13× | ||
| Q4 24 | -1.63× | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 1.57× | 2.69× | ||
| Q1 24 | 3.20× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
