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Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $124.7M, roughly 1.5× SMITH & WESSON BRANDS, INC.). Wingstop Inc. runs the higher net margin — 16.3% vs 1.5%, a 14.7% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -3.9%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
SWBI vs WING — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $183.7M |
| Net Profit | $1.9M | $29.9M |
| Gross Margin | 24.3% | 86.5% |
| Operating Margin | 3.3% | 27.4% |
| Net Margin | 1.5% | 16.3% |
| Revenue YoY | -3.9% | 7.4% |
| Net Profit YoY | -53.6% | — |
| EPS (diluted) | $0.04 | $1.08 |
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.
| Q1 26 | — | $183.7M | ||
| Q4 25 | $124.7M | $175.7M | ||
| Q3 25 | $85.1M | $175.7M | ||
| Q2 25 | $140.8M | $174.3M | ||
| Q1 25 | $115.9M | $171.1M | ||
| Q4 24 | $129.7M | $161.8M | ||
| Q3 24 | $88.3M | $162.5M | ||
| Q2 24 | $159.1M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $1.9M | $26.8M | ||
| Q3 25 | $-3.4M | $28.5M | ||
| Q2 25 | $8.6M | $26.8M | ||
| Q1 25 | $2.1M | $92.3M | ||
| Q4 24 | $4.5M | $26.8M | ||
| Q3 24 | $-1.9M | $25.7M | ||
| Q2 24 | $27.9M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 24.3% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 24.1% | — | ||
| Q4 24 | 26.6% | 85.6% | ||
| Q3 24 | 27.4% | 85.0% | ||
| Q2 24 | 35.5% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 3.3% | 26.7% | ||
| Q3 25 | -3.5% | 27.9% | ||
| Q2 25 | 9.3% | 25.9% | ||
| Q1 25 | 4.1% | 22.4% | ||
| Q4 24 | 5.8% | 25.9% | ||
| Q3 24 | -1.7% | 24.5% | ||
| Q2 24 | 17.4% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 1.5% | 15.2% | ||
| Q3 25 | -4.0% | 16.2% | ||
| Q2 25 | 6.1% | 15.4% | ||
| Q1 25 | 1.8% | 53.9% | ||
| Q4 24 | 3.5% | 16.5% | ||
| Q3 24 | -2.1% | 15.8% | ||
| Q2 24 | 17.5% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.04 | $0.99 | ||
| Q3 25 | $-0.08 | $1.02 | ||
| Q2 25 | $0.19 | $0.96 | ||
| Q1 25 | $0.05 | $3.24 | ||
| Q4 24 | $0.10 | $0.91 | ||
| Q3 24 | $-0.04 | $0.88 | ||
| Q2 24 | $0.60 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $363.2M | — |
| Total Assets | $548.6M | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $22.4M | $196.6M | ||
| Q3 25 | $18.0M | $237.6M | ||
| Q2 25 | $25.2M | $227.9M | ||
| Q1 25 | $26.7M | $251.4M | ||
| Q4 24 | $39.1M | $315.9M | ||
| Q3 24 | $35.5M | $84.0M | ||
| Q2 24 | $60.8M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $363.2M | $-736.8M | ||
| Q3 25 | $364.4M | $-702.6M | ||
| Q2 25 | $372.5M | $-686.0M | ||
| Q1 25 | $366.9M | $-715.0M | ||
| Q4 24 | $371.5M | $-675.6M | ||
| Q3 24 | $380.0M | $-447.5M | ||
| Q2 24 | $399.9M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $548.6M | $693.4M | ||
| Q3 25 | $554.6M | $721.0M | ||
| Q2 25 | $559.6M | $708.3M | ||
| Q1 25 | $578.9M | $696.8M | ||
| Q4 24 | $587.4M | $716.2M | ||
| Q3 24 | $571.3M | $484.8M | ||
| Q2 24 | $577.4M | $451.8M |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $27.3M | $57.3M | ||
| Q3 25 | $-8.1M | $63.9M | ||
| Q2 25 | $40.8M | $6.6M | ||
| Q1 25 | $-9.8M | $25.3M | ||
| Q4 24 | $-7.4M | $7.7M | ||
| Q3 24 | $-30.8M | $69.0M | ||
| Q2 24 | $43.7M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $16.3M | $34.5M | ||
| Q3 25 | $-12.4M | $61.7M | ||
| Q2 25 | $33.5M | $-7.8M | ||
| Q1 25 | $-16.1M | $17.3M | ||
| Q4 24 | $-10.7M | $-8.6M | ||
| Q3 24 | $-35.5M | $54.9M | ||
| Q2 24 | $38.2M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 13.1% | 19.6% | ||
| Q3 25 | -14.6% | 35.1% | ||
| Q2 25 | 23.8% | -4.5% | ||
| Q1 25 | -13.9% | 10.1% | ||
| Q4 24 | -8.3% | -5.3% | ||
| Q3 24 | -40.2% | 33.8% | ||
| Q2 24 | 24.0% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 13.0% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 5.2% | 8.2% | ||
| Q1 25 | 5.4% | 4.7% | ||
| Q4 24 | 2.5% | 10.1% | ||
| Q3 24 | 5.3% | 8.7% | ||
| Q2 24 | 3.5% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 14.22× | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | 4.73× | 0.25× | ||
| Q1 25 | -4.68× | 0.27× | ||
| Q4 24 | -1.63× | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | 1.57× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
