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

XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $124.7M, roughly 2.0× SMITH & WESSON BRANDS, INC.). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 1.5%, a 9.7% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -15.3%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-88.0M). Over the past eight quarters, XPLR Infrastructure, LP's revenue compounded faster (-1.6% CAGR vs -4.8%).

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

XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.

SWBI vs XIFR — Head-to-Head

Bigger by revenue
XIFR
XIFR
2.0× larger
XIFR
$249.0M
$124.7M
SWBI
Growing faster (revenue YoY)
SWBI
SWBI
+11.4% gap
SWBI
-3.9%
-15.3%
XIFR
Higher net margin
XIFR
XIFR
9.7% more per $
XIFR
11.2%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$104.3M more FCF
SWBI
$16.3M
$-88.0M
XIFR
Faster 2-yr revenue CAGR
XIFR
XIFR
Annualised
XIFR
-1.6%
-4.8%
SWBI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
SWBI
SWBI
XIFR
XIFR
Revenue
$124.7M
$249.0M
Net Profit
$1.9M
$28.0M
Gross Margin
24.3%
Operating Margin
3.3%
-19.3%
Net Margin
1.5%
11.2%
Revenue YoY
-3.9%
-15.3%
Net Profit YoY
-53.6%
124.3%
EPS (diluted)
$0.04

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
XIFR
XIFR
Q4 25
$124.7M
$249.0M
Q3 25
$85.1M
$315.0M
Q2 25
$140.8M
$342.0M
Q1 25
$115.9M
$282.0M
Q4 24
$129.7M
$294.0M
Q3 24
$88.3M
$319.0M
Q2 24
$159.1M
$360.0M
Q1 24
$137.5M
$257.0M
Net Profit
SWBI
SWBI
XIFR
XIFR
Q4 25
$1.9M
$28.0M
Q3 25
$-3.4M
$-37.0M
Q2 25
$8.6M
$79.0M
Q1 25
$2.1M
$-98.0M
Q4 24
$4.5M
$-115.0M
Q3 24
$-1.9M
$-40.0M
Q2 24
$27.9M
$62.0M
Q1 24
$7.9M
$70.0M
Gross Margin
SWBI
SWBI
XIFR
XIFR
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%
Operating Margin
SWBI
SWBI
XIFR
XIFR
Q4 25
3.3%
-19.3%
Q3 25
-3.5%
1.6%
Q2 25
9.3%
26.3%
Q1 25
4.1%
-82.6%
Q4 24
5.8%
-188.1%
Q3 24
-1.7%
15.4%
Q2 24
17.4%
18.3%
Q1 24
8.2%
-8.2%
Net Margin
SWBI
SWBI
XIFR
XIFR
Q4 25
1.5%
11.2%
Q3 25
-4.0%
-11.7%
Q2 25
6.1%
23.1%
Q1 25
1.8%
-34.8%
Q4 24
3.5%
-39.1%
Q3 24
-2.1%
-12.5%
Q2 24
17.5%
17.2%
Q1 24
5.7%
27.2%
EPS (diluted)
SWBI
SWBI
XIFR
XIFR
Q4 25
$0.04
Q3 25
$-0.08
$-0.40
Q2 25
$0.19
$0.84
Q1 25
$0.05
$-1.05
Q4 24
$0.10
Q3 24
$-0.04
$-0.43
Q2 24
$0.60
$0.66
Q1 24
$0.17
$0.75

Balance Sheet & Financial Strength

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

Metric
SWBI
SWBI
XIFR
XIFR
Cash + ST InvestmentsLiquidity on hand
$22.4M
$960.0M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$363.2M
$10.9B
Total Assets
$548.6M
$19.6B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWBI
SWBI
XIFR
XIFR
Q4 25
$22.4M
$960.0M
Q3 25
$18.0M
$711.0M
Q2 25
$25.2M
$880.0M
Q1 25
$26.7M
$1.5B
Q4 24
$39.1M
$283.0M
Q3 24
$35.5M
$290.0M
Q2 24
$60.8M
$281.0M
Q1 24
$47.4M
$245.0M
Total Debt
SWBI
SWBI
XIFR
XIFR
Q4 25
$6.2B
Q3 25
Q2 25
Q1 25
Q4 24
$5.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SWBI
SWBI
XIFR
XIFR
Q4 25
$363.2M
$10.9B
Q3 25
$364.4M
$11.0B
Q2 25
$372.5M
$11.3B
Q1 25
$366.9M
$12.6B
Q4 24
$371.5M
$12.9B
Q3 24
$380.0M
$13.6B
Q2 24
$399.9M
$13.9B
Q1 24
$376.4M
$14.0B
Total Assets
SWBI
SWBI
XIFR
XIFR
Q4 25
$548.6M
$19.6B
Q3 25
$554.6M
$19.1B
Q2 25
$559.6M
$20.5B
Q1 25
$578.9M
$21.4B
Q4 24
$587.4M
$20.3B
Q3 24
$571.3M
$20.9B
Q2 24
$577.4M
$21.7B
Q1 24
$570.6M
$22.3B
Debt / Equity
SWBI
SWBI
XIFR
XIFR
Q4 25
0.57×
Q3 25
Q2 25
Q1 25
Q4 24
0.41×
Q3 24
Q2 24
Q1 24

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
XIFR
XIFR
Operating Cash FlowLast quarter
$27.3M
$186.0M
Free Cash FlowOCF − Capex
$16.3M
$-88.0M
FCF MarginFCF / Revenue
13.1%
-35.3%
Capex IntensityCapex / Revenue
8.8%
110.0%
Cash ConversionOCF / Net Profit
14.22×
6.64×
TTM Free Cash FlowTrailing 4 quarters
$21.3M
$-219.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWBI
SWBI
XIFR
XIFR
Q4 25
$27.3M
$186.0M
Q3 25
$-8.1M
$231.0M
Q2 25
$40.8M
$232.0M
Q1 25
$-9.8M
$90.0M
Q4 24
$-7.4M
$283.0M
Q3 24
$-30.8M
$208.0M
Q2 24
$43.7M
$231.0M
Q1 24
$25.2M
$78.0M
Free Cash Flow
SWBI
SWBI
XIFR
XIFR
Q4 25
$16.3M
$-88.0M
Q3 25
$-12.4M
$-283.0M
Q2 25
$33.5M
$151.0M
Q1 25
$-16.1M
$1.0M
Q4 24
$-10.7M
$231.0M
Q3 24
$-35.5M
$152.0M
Q2 24
$38.2M
$162.0M
Q1 24
$7.0M
$14.0M
FCF Margin
SWBI
SWBI
XIFR
XIFR
Q4 25
13.1%
-35.3%
Q3 25
-14.6%
-89.8%
Q2 25
23.8%
44.2%
Q1 25
-13.9%
0.4%
Q4 24
-8.3%
78.6%
Q3 24
-40.2%
47.6%
Q2 24
24.0%
45.0%
Q1 24
5.1%
5.4%
Capex Intensity
SWBI
SWBI
XIFR
XIFR
Q4 25
8.8%
110.0%
Q3 25
5.0%
163.2%
Q2 25
5.2%
23.7%
Q1 25
5.4%
31.6%
Q4 24
2.5%
17.7%
Q3 24
5.3%
17.6%
Q2 24
3.5%
19.2%
Q1 24
13.2%
24.9%
Cash Conversion
SWBI
SWBI
XIFR
XIFR
Q4 25
14.22×
6.64×
Q3 25
Q2 25
4.73×
2.94×
Q1 25
-4.68×
Q4 24
-1.63×
Q3 24
Q2 24
1.57×
3.73×
Q1 24
3.20×
1.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SWBI
SWBI

Segment breakdown not available.

XIFR
XIFR

Renewable Energy Sales$238.0M96%
Related Party$8.0M3%

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