vs
Side-by-side financial comparison of SMITH & WESSON BRANDS, INC. (SWBI) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $124.7M, roughly 1.9× SMITH & WESSON BRANDS, INC.). WORKIVA INC runs the higher net margin — 4.9% vs 1.5%, a 3.4% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -3.9%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $16.3M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs -4.8%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
SWBI vs WK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.7M | $238.9M |
| Net Profit | $1.9M | $11.8M |
| Gross Margin | 24.3% | 80.7% |
| Operating Margin | 3.3% | 3.3% |
| Net Margin | 1.5% | 4.9% |
| Revenue YoY | -3.9% | 19.5% |
| Net Profit YoY | -53.6% | 234.0% |
| EPS (diluted) | $0.04 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $85.1M | $224.2M | ||
| Q2 25 | $140.8M | $215.2M | ||
| Q1 25 | $115.9M | $206.3M | ||
| Q4 24 | $129.7M | $199.9M | ||
| Q3 24 | $88.3M | $185.6M | ||
| Q2 24 | $159.1M | $177.5M | ||
| Q1 24 | $137.5M | $175.7M |
| Q4 25 | $1.9M | $11.8M | ||
| Q3 25 | $-3.4M | $2.8M | ||
| Q2 25 | $8.6M | $-19.4M | ||
| Q1 25 | $2.1M | $-21.4M | ||
| Q4 24 | $4.5M | $-8.8M | ||
| Q3 24 | $-1.9M | $-17.0M | ||
| Q2 24 | $27.9M | $-17.5M | ||
| Q1 24 | $7.9M | $-11.7M |
| Q4 25 | 24.3% | 80.7% | ||
| Q3 25 | 25.9% | 79.3% | ||
| Q2 25 | 28.8% | 77.0% | ||
| Q1 25 | 24.1% | 76.6% | ||
| Q4 24 | 26.6% | 77.1% | ||
| Q3 24 | 27.4% | 76.5% | ||
| Q2 24 | 35.5% | 76.8% | ||
| Q1 24 | 28.7% | 76.4% |
| Q4 25 | 3.3% | 3.3% | ||
| Q3 25 | -3.5% | -1.5% | ||
| Q2 25 | 9.3% | -10.3% | ||
| Q1 25 | 4.1% | -12.0% | ||
| Q4 24 | 5.8% | -6.7% | ||
| Q3 24 | -1.7% | -11.7% | ||
| Q2 24 | 17.4% | -13.0% | ||
| Q1 24 | 8.2% | -10.4% |
| Q4 25 | 1.5% | 4.9% | ||
| Q3 25 | -4.0% | 1.2% | ||
| Q2 25 | 6.1% | -9.0% | ||
| Q1 25 | 1.8% | -10.4% | ||
| Q4 24 | 3.5% | -4.4% | ||
| Q3 24 | -2.1% | -9.2% | ||
| Q2 24 | 17.5% | -9.9% | ||
| Q1 24 | 5.7% | -6.7% |
| Q4 25 | $0.04 | $0.21 | ||
| Q3 25 | $-0.08 | $0.05 | ||
| Q2 25 | $0.19 | $-0.35 | ||
| Q1 25 | $0.05 | $-0.38 | ||
| Q4 24 | $0.10 | $-0.15 | ||
| Q3 24 | $-0.04 | $-0.31 | ||
| Q2 24 | $0.60 | $-0.32 | ||
| Q1 24 | $0.17 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $363.2M | $-5.4M |
| Total Assets | $548.6M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $338.8M | ||
| Q3 25 | $18.0M | $315.9M | ||
| Q2 25 | $25.2M | $284.3M | ||
| Q1 25 | $26.7M | $242.0M | ||
| Q4 24 | $39.1M | $301.8M | ||
| Q3 24 | $35.5M | $248.2M | ||
| Q2 24 | $60.8M | $267.9M | ||
| Q1 24 | $47.4M | $296.1M |
| Q4 25 | $363.2M | $-5.4M | ||
| Q3 25 | $364.4M | $-36.9M | ||
| Q2 25 | $372.5M | $-66.5M | ||
| Q1 25 | $366.9M | $-75.7M | ||
| Q4 24 | $371.5M | $-41.7M | ||
| Q3 24 | $380.0M | $-50.8M | ||
| Q2 24 | $399.9M | $-77.7M | ||
| Q1 24 | $376.4M | $-83.2M |
| Q4 25 | $548.6M | $1.5B | ||
| Q3 25 | $554.6M | $1.4B | ||
| Q2 25 | $559.6M | $1.3B | ||
| Q1 25 | $578.9M | $1.3B | ||
| Q4 24 | $587.4M | $1.4B | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.3M | $51.0M |
| Free Cash FlowOCF − Capex | $16.3M | $50.7M |
| FCF MarginFCF / Revenue | 13.1% | 21.2% |
| Capex IntensityCapex / Revenue | 8.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 14.22× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $21.3M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $51.0M | ||
| Q3 25 | $-8.1M | $46.2M | ||
| Q2 25 | $40.8M | $50.3M | ||
| Q1 25 | $-9.8M | $-7.4M | ||
| Q4 24 | $-7.4M | $44.0M | ||
| Q3 24 | $-30.8M | $18.9M | ||
| Q2 24 | $43.7M | $-14.0K | ||
| Q1 24 | $25.2M | $24.8M |
| Q4 25 | $16.3M | $50.7M | ||
| Q3 25 | $-12.4M | $46.1M | ||
| Q2 25 | $33.5M | $49.3M | ||
| Q1 25 | $-16.1M | $-8.1M | ||
| Q4 24 | $-10.7M | $43.2M | ||
| Q3 24 | $-35.5M | $18.7M | ||
| Q2 24 | $38.2M | $-122.0K | ||
| Q1 24 | $7.0M | $24.6M |
| Q4 25 | 13.1% | 21.2% | ||
| Q3 25 | -14.6% | 20.5% | ||
| Q2 25 | 23.8% | 22.9% | ||
| Q1 25 | -13.9% | -3.9% | ||
| Q4 24 | -8.3% | 21.6% | ||
| Q3 24 | -40.2% | 10.1% | ||
| Q2 24 | 24.0% | -0.1% | ||
| Q1 24 | 5.1% | 14.0% |
| Q4 25 | 8.8% | 0.1% | ||
| Q3 25 | 5.0% | 0.0% | ||
| Q2 25 | 5.2% | 0.5% | ||
| Q1 25 | 5.4% | 0.4% | ||
| Q4 24 | 2.5% | 0.4% | ||
| Q3 24 | 5.3% | 0.1% | ||
| Q2 24 | 3.5% | 0.1% | ||
| Q1 24 | 13.2% | 0.1% |
| Q4 25 | 14.22× | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | 4.73× | — | ||
| Q1 25 | -4.68× | — | ||
| Q4 24 | -1.63× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 3.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWBI
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
