This page shows Smith & Wesson Brands Inc (SWBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Falling cash conversion now matters more than sales swings, as margin compression leaves the business less self-funding.
Capital spending normalized to$21.6M in FY2025 after two unusually heavy years. Yet free cash flow stayed at-$28.8M because operating cash flow slipped to-$7.2M , showing the cash strain came from weaker cash conversion in the business, not just investment spending.
Profitability has compressed through the whole stack: gross margin fell to
Liquidity looks stronger on paper than in the cash account: the current ratio reached 5.2x even though cash fell to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Smith & Wesson Brands Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Smith & Wesson Brands Inc has an operating margin of 5.6%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 5.0% the prior year.
Smith & Wesson Brands Inc's revenue grew 10.4% year-over-year to $523.8M, a solid pace of expansion. This earns a growth score of 28/100.
Smith & Wesson Brands Inc carries a low D/E ratio of 0.36, meaning only $0.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 66/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.20, Smith & Wesson Brands Inc holds $3.20 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Smith & Wesson Brands Inc has a free cash flow margin of 17.3%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.
Smith & Wesson Brands Inc's ROE of 4.9% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 3.7% the prior year.
Smith & Wesson Brands Inc scores 5.70, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($700.4M) relative to total liabilities ($136.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Smith & Wesson Brands Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Smith & Wesson Brands Inc generates $6.18 in operating cash flow ($114.2M OCF vs $18.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Smith & Wesson Brands Inc earns $4.1 in operating income for every $1 of interest expense ($29.2M vs $7.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Smith & Wesson Brands Inc generated $523.8M in revenue in fiscal year 2026. This represents an increase of 10.4% from the prior year.
Smith & Wesson Brands Inc's EBITDA was $60.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.6% from the prior year.
Smith & Wesson Brands Inc reported $18.5M in net income in fiscal year 2026. This represents an increase of 37.7% from the prior year.
Smith & Wesson Brands Inc earned $0.41 per diluted share (EPS) in fiscal year 2026. This represents an increase of 36.7% from the prior year.
Cash & Balance Sheet
Smith & Wesson Brands Inc generated $90.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 413.7% from the prior year.
Smith & Wesson Brands Inc held $28.2M in cash against $0 in long-term debt as of fiscal year 2026.
Smith & Wesson Brands Inc paid $0.52 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Smith & Wesson Brands Inc had 45M shares outstanding in fiscal year 2026. This represents an increase of 0.9% from the prior year.
Margins & Returns
Smith & Wesson Brands Inc's gross margin was 26.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.
Smith & Wesson Brands Inc's operating margin was 5.6% in fiscal year 2026, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Smith & Wesson Brands Inc's net profit margin was 3.5% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Smith & Wesson Brands Inc's ROE was 4.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
Capital Allocation
Smith & Wesson Brands Inc invested $10.3M in research and development in fiscal year 2026. This represents an increase of 7.7% from the prior year.
Smith & Wesson Brands Inc spent $0 on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Smith & Wesson Brands Inc invested $23.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 9.9% from the prior year.
SWBI Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $178.4M+31.4% | $135.7M+8.9% | $124.7M+46.5% | $85.1M-39.6% | $140.8M+21.5% | $115.9M-10.6% | $129.7M+46.8% | $88.3M |
| Cost of Revenue | $125.3M+25.1% | $100.1M+6.1% | $94.3M+49.7% | $63.0M-37.1% | $100.2M+14.0% | $87.9M-7.6% | $95.2M+48.4% | $64.1M |
| Gross Profit | $53.1M+49.2% | $35.6M+17.3% | $30.3M+37.5% | $22.1M-45.6% | $40.5M+45.1% | $27.9M-19.0% | $34.5M+42.7% | $24.2M |
| R&D Expenses | $2.5M+1.7% | $2.4M-0.9% | $2.4M-19.1% | $3.0M+53.3% | $2.0M-31.6% | $2.9M+29.2% | $2.2M-11.7% | $2.5M |
| SG&A Expenses | $17.7M+14.6% | $15.5M+15.0% | $13.5M+1.1% | $13.3M-4.7% | $14.0M+12.9% | $12.4M-18.6% | $15.2M+13.8% | $13.4M |
| Operating Income | $21.3M+217.9% | $6.7M+63.1% | $4.1M+239.1% | -$3.0M-122.5% | $13.1M+176.7% | $4.7M-37.0% | $7.5M+593.9% | -$1.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $4.6M+182.5% | $1.6M+48.4% | $1.1M+258.0% | -$690K-118.4% | $3.7M+306.7% | $920K-41.3% | $1.6M+483.1% | -$409K |
| Net Income | $16.2M+332.2% | $3.8M+95.8% | $1.9M+156.2% | -$3.4M-139.5% | $8.6M+310.7% | $2.1M-53.8% | $4.5M+345.1% | -$1.9M |
| EPS (Diluted) | N/A | $0.08+100.0% | $0.04+150.0% | $-0.08 | N/A | $0.05-50.0% | $0.10+350.0% | $-0.04 |
SWBI Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $512.8M-4.7% | $538.0M-1.9% | $548.6M-1.1% | $554.6M-0.9% | $559.6M-3.3% | $578.9M-1.5% | $587.4M+2.8% | $571.3M |
| Current Assets | $241.4M-7.7% | $261.5M-2.6% | $268.5M-2.5% | $275.5M-0.6% | $277.3M-7.2% | $298.7M-2.4% | $306.1M+7.3% | $285.3M |
| Cash & Equivalents | $28.2M+53.0% | $18.4M-17.9% | $22.4M+24.9% | $18.0M-28.8% | $25.2M-5.5% | $26.7M-31.7% | $39.1M+10.1% | $35.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $40.0M-21.3% | $50.8M+10.9% | $45.8M+11.0% | $41.3M-26.1% | $55.9M-2.7% | $57.4M+9.0% | $52.7M+10.4% | $47.8M |
| Goodwill | $19.0M0.0% | $19.0M0.0% | $19.0M0.0% | $19.0M0.0% | $19.0M0.0% | $19.0M0.0% | $19.0M0.0% | $19.0M |
| Total Liabilities | $136.2M-22.0% | $174.6M-5.8% | $185.4M-2.6% | $190.3M+1.7% | $187.2M-12.9% | $214.8M-1.6% | $218.4M+13.0% | $193.3M |
| Current Liabilities | $75.4M+29.6% | $58.1M+7.9% | $53.9M+1.9% | $52.9M-20.6% | $66.6M+4.2% | $64.0M-17.1% | $77.2M-4.1% | $80.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $376.6M+3.6% | $363.4M+0.1% | $363.2M-0.3% | $364.4M-2.2% | $372.5M+1.5% | $366.9M-1.2% | $371.5M-2.2% | $380.0M |
| Retained Earnings | $373.7M+2.9% | $363.4M-30.0% | $519.5M-0.8% | $523.4M-1.7% | $532.6M+1.1% | $526.9M-0.8% | $531.0M-0.3% | $532.6M |
SWBI Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $74.6M+264.6% | $20.5M-25.0% | $27.3M+436.2% | -$8.1M-119.9% | $40.8M+515.0% | -$9.8M-33.0% | -$7.4M+76.0% | -$30.8M |
| Capital Expenditures | $4.8M+33.1% | $3.6M-66.9% | $11.0M+156.1% | $4.3M-41.1% | $7.3M+15.5% | $6.3M+91.1% | $3.3M-29.8% | $4.7M |
| Free Cash Flow | $69.7M+314.6% | $16.8M+3.3% | $16.3M+231.3% | -$12.4M-137.0% | $33.5M+307.7% | -$16.1M-50.9% | -$10.7M+69.9% | -$35.5M |
| Investing Cash Flow | -$4.8M-31.8% | -$3.6M+70.8% | -$12.4M-66.1% | -$7.5M-1.2% | -$7.4M-88.3% | -$3.9M-21.9% | -$3.2M+31.1% | -$4.7M |
| Financing Cash Flow | -$60.0M-188.0% | -$20.9M-100.4% | -$10.4M-225.3% | $8.3M+123.8% | -$34.9M-2654.8% | $1.4M-90.4% | $14.2M+39.7% | $10.2M |
| Dividends Paid | $5.8M-1.2% | $5.9M-0.3% | $5.9M+0.3% | $5.9M+2.3% | $5.7M-0.8% | $5.8M-0.2% | $5.8M-1.8% | $5.9M |
| Share Buybacks | $0 | $0 | $0 | $0 | $0-100.0% | $2.8M-70.8% | $9.8M-24.1% | $12.9M |
SWBI Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.8%+3.5pp | 26.2%+1.9pp | 24.3%-1.6pp | 25.9%-2.8pp | 28.8%+4.7pp | 24.1%-2.5pp | 26.6%-0.8pp | 27.4% |
| Operating Margin | 12.0%+7.0pp | 5.0%+1.7pp | 3.3%+6.8pp | -3.5%-12.8pp | 9.3%+5.2pp | 4.1%-1.7pp | 5.8%+7.5pp | -1.7% |
| Net Margin | 9.1%+6.3pp | 2.8%+1.2pp | 1.5%+5.5pp | -4.0%-10.1pp | 6.1%+4.3pp | 1.8%-1.7pp | 3.5%+5.6pp | -2.1% |
| Return on Equity | 4.3%+3.3pp | 1.0%+0.5pp | 0.5%+1.5pp | -0.9%-3.3pp | 2.3%+1.7pp | 0.6%-0.7pp | 1.2%+1.7pp | -0.5% |
| Return on Assets | 3.2%+2.5pp | 0.7%+0.4pp | 0.4%+1.0pp | -0.6%-2.2pp | 1.5%+1.2pp | 0.4%-0.4pp | 0.8%+1.1pp | -0.3% |
| Current Ratio | 3.20-1.3 | 4.50-0.5 | 4.98-0.2 | 5.21+1.0 | 4.16-0.5 | 4.67+0.7 | 3.97+0.4 | 3.54 |
| Debt-to-Equity | 0.36-0.1 | 0.48-0.0 | 0.51-0.0 | 0.52+0.0 | 0.50-0.1 | 0.590.0 | 0.59+0.1 | 0.51 |
| FCF Margin | 39.1%+26.7pp | 12.4%-0.7pp | 13.1%+27.6pp | -14.6%-38.4pp | 23.8%+37.8pp | -13.9%-5.7pp | -8.3%+32.0pp | -40.2% |
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Frequently Asked Questions
What is Smith & Wesson Brands Inc's annual revenue?
Smith & Wesson Brands Inc (SWBI) reported $523.8M in total revenue for fiscal year 2026. This represents a 10.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Smith & Wesson Brands Inc's revenue growing?
Smith & Wesson Brands Inc (SWBI) revenue grew by 10.4% year-over-year, from $474.7M to $523.8M in fiscal year 2026.
Is Smith & Wesson Brands Inc profitable?
Yes, Smith & Wesson Brands Inc (SWBI) reported a net income of $18.5M in fiscal year 2026, with a net profit margin of 3.5%.
What is Smith & Wesson Brands Inc's EBITDA?
Smith & Wesson Brands Inc (SWBI) had EBITDA of $60.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Smith & Wesson Brands Inc's gross margin?
Smith & Wesson Brands Inc (SWBI) had a gross margin of 26.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Smith & Wesson Brands Inc's operating margin?
Smith & Wesson Brands Inc (SWBI) had an operating margin of 5.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Smith & Wesson Brands Inc's net profit margin?
Smith & Wesson Brands Inc (SWBI) had a net profit margin of 3.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Smith & Wesson Brands Inc pay dividends?
Yes, Smith & Wesson Brands Inc (SWBI) paid $0.52 per share in dividends during fiscal year 2026.
What is Smith & Wesson Brands Inc's return on equity (ROE)?
Smith & Wesson Brands Inc (SWBI) has a return on equity of 4.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Smith & Wesson Brands Inc's free cash flow?
Smith & Wesson Brands Inc (SWBI) generated $90.4M in free cash flow during fiscal year 2026. This represents a 413.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Smith & Wesson Brands Inc's operating cash flow?
Smith & Wesson Brands Inc (SWBI) generated $114.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Smith & Wesson Brands Inc's total assets?
Smith & Wesson Brands Inc (SWBI) had $512.8M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Smith & Wesson Brands Inc's capital expenditures?
Smith & Wesson Brands Inc (SWBI) invested $23.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Smith & Wesson Brands Inc spend on research and development?
Smith & Wesson Brands Inc (SWBI) invested $10.3M in research and development during fiscal year 2026.
What is Smith & Wesson Brands Inc's current ratio?
Smith & Wesson Brands Inc (SWBI) had a current ratio of 3.20 as of fiscal year 2026, which is generally considered healthy.
What is Smith & Wesson Brands Inc's debt-to-equity ratio?
Smith & Wesson Brands Inc (SWBI) had a debt-to-equity ratio of 0.36 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Smith & Wesson Brands Inc's return on assets (ROA)?
Smith & Wesson Brands Inc (SWBI) had a return on assets of 3.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Smith & Wesson Brands Inc's Altman Z-Score?
Smith & Wesson Brands Inc (SWBI) has an Altman Z-Score of 5.70, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Smith & Wesson Brands Inc's Piotroski F-Score?
Smith & Wesson Brands Inc (SWBI) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Smith & Wesson Brands Inc's earnings high quality?
Smith & Wesson Brands Inc (SWBI) has an earnings quality ratio of 6.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Smith & Wesson Brands Inc cover its interest payments?
Smith & Wesson Brands Inc (SWBI) has an interest coverage ratio of 4.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Smith & Wesson Brands Inc?
Smith & Wesson Brands Inc (SWBI) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.