NASDAQ : SWBI
Smith & Wesson Brands, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 13.66 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 735.37M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Smith & Wesson Brands, Inc. (SWBI) reported revenue of 551.36M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 551.36M | 523.85M | 474.66M | 535.83M | 479.24M | 864.13M |
| Cost of Revenue | 403.09M | 382.88M | 346.42M | 375.62M | 320.78M | 482.96M |
| Gross Profit | 148.26M | 140.97M | 128.25M | 160.21M | 158.46M | 381.16M |
| Selling, General & Admin | 105.40M | 101.97M | 96.14M | 98.81M | 94.31M | 122.25M |
| Research & Development | 9.85M | 10.30M | 9.57M | 7.26M | 7.55M | 7.26M |
| Operating Expenses | 115.25M | 112.27M | 105.70M | 106.06M | 101.86M | 129.51M |
| Operating Income | 33.01M | 28.69M | 22.54M | 54.14M | 56.60M | 251.65M |
| Interest Expense | -6.19M | -7.19M | -7.29M | -4.84M | -2.25M | -2.13M |
| Interest & Investment Income | 2.29M | 2.38M | 2.67M | 2.78M | 1.92M | |
| Other Non Operating Income (Expenses) | 679.00K | 669.00K | -17.00K | 6.67M | 150.00K | 2.87M |
| EBT Excluding Unusual Items | 29.79M | 24.55M | 17.90M | 58.76M | 56.42M | 252.39M |
| Merger & Restructuring Charges | 509.00K | 509.00K | -1.17M | -7.05M | -8.26M | |
| Gain (Loss) on Sale of Assets | -34.00K | 9.00K | 2.52M | 11.00K | 65.00K | |
| Other Unusual Items | 2.90M | |||||
| Pretax Income | 33.19M | 25.07M | 19.25M | 51.72M | 48.23M | 252.39M |
| Income Tax Expense | 8.71M | 6.59M | 5.82M | 10.36M | 11.35M | 57.89M |
| Earnings From Continuing Operations | 24.48M | 18.48M | 13.43M | 41.36M | 36.88M | 194.49M |
| Net Income | 24.48M | 18.48M | 13.43M | 41.36M | 36.88M | 194.49M |
| Net Income to Common | 24.48M | 18.48M | 13.43M | 41.36M | 36.88M | 194.49M |
| Shares Outstanding (Basic) | 44.55M | 44.42M | 44.48M | 45.81M | 45.84M | 47.23M |
| Shares Outstanding (Diluted) | 45.24M | 44.93M | 44.93M | 46.25M | 46.17M | 47.73M |
| EPS (Basic) | 0.55 | 0.42 | 0.30 | 0.90 | 0.80 | 4.12 |
| EPS (Diluted) | 0.55 | 0.41 | 0.30 | 0.89 | 0.80 | 4.08 |
| Free Cash Flow | 82.07M | 90.45M | -28.83M | 15.98M | -72.83M | 113.84M |
| Free Cash Flow Per Share | 1.81 | 2.01 | -0.64 | 0.35 | -1.58 | 2.38 |
| Dividend Per Share | 0.52 | 0.52 | 0.52 | 0.48 | 0.40 | 0.32 |
| Gross Margin | 26.89% | 26.91% | 27.02% | 29.90% | 33.06% | 44.11% |
| Operating Margin | 5.99% | 5.48% | 4.75% | 10.11% | 11.81% | 29.12% |
| Profit Margin | 4.44% | 3.53% | 2.83% | 7.72% | 7.70% | 22.51% |
| Free Cash Flow Margin | 14.89% | 17.27% | -6.07% | 2.98% | -15.20% | 13.17% |
| EBITDA | 63.34M | 59.76M | 54.23M | 86.61M | 87.95M | 281.64M |
| EBITDA Margin | 11.49% | 11.41% | 11.43% | 16.16% | 18.35% | 32.59% |
| D&A For EBITDA | 30.33M | 31.07M | 31.69M | 32.47M | 31.35M | 29.98M |
| EBIT | 33.01M | 28.69M | 22.54M | 54.14M | 56.60M | 251.65M |
| EBIT Margin | 5.99% | 5.48% | 4.75% | 10.11% | 11.81% | 29.12% |
| Effective Tax Rate | 26.24% | 26.28% | 30.24% | 20.02% | 23.54% | 22.94% |
| Advertising Expenses | 13.70M | 15.20M | 14.70M | 14.70M | 24.10M |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.70M | 28.19M | 25.23M | 60.84M | 53.56M | 120.73M |
| Short-Term Investments | 6.54M | 5.16M | ||||
| Cash & Short-Term Investments | 25.23M | 33.35M | 25.23M | 60.84M | 53.56M | 120.73M |
| Accounts Receivable | 29.71M | 40.01M | 55.87M | 59.07M | 55.15M | 62.70M |
| Other Receivables | 3.33M | 4.62M | 66.00K | 1.95M | 1.18M | 1.95M |
| Receivables | 33.04M | 44.63M | 55.93M | 61.02M | 56.33M | 64.64M |
| Inventory | 180.66M | 156.25M | 189.84M | 160.50M | 177.12M | 136.66M |
| Prepaid Expenses | 8.56M | 7.17M | 6.26M | 4.97M | 4.92M | 5.57M |
| Total Current Assets | 247.49M | 241.40M | 277.26M | 287.33M | 291.92M | 327.60M |
| Property, Plant & Equipment | 242.81M | 238.64M | 243.06M | 253.98M | 212.17M | 135.59M |
| Goodwill | 19.02M | 19.02M | 19.02M | 19.02M | 19.02M | 19.02M |
| Other Intangible Assets | 1.88M | 1.96M | 2.41M | 2.60M | 3.59M | 3.61M |
| Long-Term Deferred Tax Assets | 4.35M | 4.35M | 10.26M | 7.23M | 8.09M | 1.22M |
| Other Long-Term Assets | 7.75M | 7.39M | 7.59M | 7.26M | 6.51M | 10.44M |
| Total Assets | 523.30M | 512.77M | 559.61M | 577.43M | 541.29M | 497.48M |
| Accounts Payable | 37.39M | 34.57M | 26.89M | 41.83M | 36.80M | 30.04M |
| Accrued Expenses | 27.68M | 37.64M | 36.44M | 45.02M | 44.21M | 51.74M |
| Current Portion of Leases | 1.90M | 1.86M | 1.93M | 2.51M | 2.71M | 2.65M |
| Current Income Taxes Payable | 1.83M | 2.67M | ||||
| Other Current Liabilities | 1.47M | 1.30M | 1.38M | 5.01M | 1.67M | 1.84M |
| Total Current Liabilities | 68.43M | 75.37M | 66.64M | 94.38M | 87.21M | 88.95M |
| Long-Term Debt | 39.19M | 19.12M | 79.10M | 39.88M | 24.79M | |
| Long-Term Leases | 31.68M | 32.16M | 34.02M | 35.98M | 37.76M | 37.63M |
| Other Long-Term Liabilities | 10.31M | 9.56M | 7.40M | 7.28M | 6.91M | 10.38M |
| Total Liabilities | 149.60M | 136.21M | 187.16M | 177.51M | 156.67M | 136.96M |
| Common Stock | 45.00K | 45.00K | 76.00K | 75.00K | 75.00K | 75.00K |
| Additional Paid-In Capital | 3.19M | 2.78M | 298.07M | 289.99M | 283.67M | 278.10M |
| Retained Earnings | 370.46M | 373.74M | 532.62M | 542.41M | 523.18M | 504.64M |
| Treasury Stock | -458.31M | -432.64M | -422.38M | -422.38M | ||
| Comprehensive Income & Other | 73.00K | 73.00K | 73.00K | |||
| Shareholders' Equity | 373.70M | 376.56M | 372.45M | 399.91M | 384.62M | 360.51M |
| Total Liabilities & Equity | 523.30M | 512.77M | 559.61M | 577.43M | 541.29M | 497.48M |
| Total Debt | 72.76M | 53.14M | 115.05M | 78.37M | 65.26M | 40.28M |
| Net Cash (Debt) | -47.52M | -19.79M | -89.82M | -17.53M | -11.70M | 80.45M |
| Net Cash Per Share | -1.05 | -0.44 | -2.00 | -0.38 | -0.25 | 1.69 |
| Filing Date Shares Outstanding | 44.84M | 44.73M | 44.31M | 45.56M | 46.08M | 45.76M |
| Total Common Shares Outstanding | 44.84M | 44.61M | 44.11M | 45.56M | 45.99M | 45.60M |
| Working Capital | 179.06M | 166.04M | 210.62M | 192.95M | 204.71M | 238.65M |
| Book Value Per Share | 8.33 | 8.44 | 8.44 | 8.78 | 8.36 | 7.91 |
| Tangible Book Value | 352.80M | 355.58M | 351.02M | 378.29M | 362.01M | 337.88M |
| Tangible Book Value Per Share | 7.87 | 7.97 | 7.96 | 8.30 | 7.87 | 7.41 |
| Land | 5.75M | 3.56M | 3.11M | 2.94M | 2.82M | |
| Buildings | 159.50M | 154.40M | 154.51M | 40.13M | 38.55M | |
| Machinery | 361.14M | 344.71M | 337.77M | 308.85M | 299.32M | |
| Construction In Progress | 11.51M | 12.39M | 15.48M | 101.58M | 12.35M |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 24.48M | 18.48M | 13.43M | 41.36M | 36.88M | 194.49M |
| Depreciation & Amortization | 32.43M | 33.17M | 31.69M | 32.47M | 31.35M | 29.98M |
| Other Amortization | 244.00K | 244.00K | 157.00K | 89.81K | 89.81K | 89.56K |
| Loss (Gain) From Sale of Assets | 34.00K | -9.00K | -2.52M | -5.59M | -55.00K | 625.00K |
| Asset Writedown & Restructuring Costs | 86.00K | |||||
| Stock-Based Compensation | 8.27M | 8.35M | 7.61M | 5.68M | 5.10M | 4.54M |
| Other Operating Activities | 1.47M | 1.49M | -4.83M | 834.00K | -6.89M | -1.44M |
| Change in Accounts Receivable | 11.60M | 15.85M | 3.20M | -3.90M | 7.57M | 4.06M |
| Change in Inventory | 22.44M | 33.59M | -29.34M | 16.62M | -40.46M | -58.18M |
| Change in Accounts Payable | 14.83M | 5.37M | -14.77M | 18.34M | -8.61M | -26.96M |
| Change in Income Taxes | -2.44M | -4.55M | 1.88M | -2.60M | -74.00K | 480.00K |
| Change in Other Net Operating Assets | 137.00K | 2.21M | -13.73M | 3.44M | -8.17M | -9.96M |
| Operating Cash Flow | 113.46M | 114.19M | -7.22M | 106.74M | 16.73M | 137.81M |
| Capital Expenditures | -31.39M | -23.75M | -21.61M | -90.76M | -89.56M | -23.97M |
| Sale of Property, Plant & Equipment | 186.00K | 235.00K | 2.62M | 2.96M | 118.00K | 139.00K |
| Sale (Purchase) of Intangibles | -50.00K | -93.00K | -187.00K | 6.31M | -334.00K | -283.00K |
| Investment in Securities | -2.76M | -4.63M | ||||
| Investing Cash Flow | -34.01M | -28.24M | -19.17M | -81.49M | -89.78M | -24.12M |
| Long-Term Debt Issued | 25.00M | 75.00M | 50.00M | 25.00M | ||
| Long-Term Debt Repaid | -85.19M | -35.18M | -36.38M | -1.25M | -1.09M | |
| Net Debt Issued (Repaid) | -55.20M | -60.20M | 39.82M | 13.62M | 23.75M | -1.09M |
| Issuance of Common Stock | 1.58M | 1.58M | 1.60M | 1.48M | 1.53M | 1.72M |
| Repurchase of Common Stock | -1.53M | -930.00K | -26.59M | -11.05M | -1.06M | -91.58M |
| Common Dividends Paid | -23.34M | -23.23M | -23.10M | -22.02M | -18.33M | -15.04M |
| Other Financing Activities | -219.00K | -219.00K | -941.00K | |||
| Financing Cash Flow | -78.71M | -83.00M | -9.21M | -17.97M | 5.88M | -105.99M |
| Net Cash Flow | 735.00K | 2.96M | -35.61M | 7.28M | -67.17M | 7.71M |
| Free Cash Flow | 82.07M | 90.45M | -28.83M | 15.98M | -72.83M | 113.84M |
| Free Cash Flow Margin | 14.89% | 17.27% | -6.07% | 2.98% | -15.20% | 13.17% |
| Free Cash Flow Per Share | 1.81 | 2.01 | -0.64 | 0.35 | -1.58 | 2.38 |
| Levered Free Cash Flow | 73.93M | 84.15M | -25.51M | 3.85M | -52.68M | 77.71M |
| Unlevered Free Cash Flow | 77.56M | 88.40M | -21.11M | 6.78M | -51.36M | 78.95M |
| Cash Interest Paid | 4.42M | 5.38M | 5.19M | 4.75M | 2.15M | 2.22M |
| Cash Income Tax Paid | 5.62M | 5.66M | 7.30M | 12.70M | 18.21M | 59.18M |
| Change in Working Capital | 46.55M | 52.47M | -52.76M | 31.90M | -49.74M | -90.56M |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 709.53M | 691.43M | 419.35M | 772.42M | 551.70M | 624.86M |
| Enterprise Value | 757.05M | 776.49M | 537.74M | 828.35M | 572.55M | 560.81M |
| Last Close Price | 13.18 | 15.25 | 8.89 | 15.15 | 10.36 | 11.40 |
| PE Ratio | 24.15 | 37.41 | 31.24 | 18.67 | 14.96 | 3.21 |
| Forward PE | 25.84 | 48.56 | 26.11 | 14.32 | 13.74 | 5.88 |
| PS Ratio | 1.29 | 1.32 | 0.88 | 1.44 | 1.15 | 0.72 |
| PB Ratio | 1.58 | 1.84 | 1.13 | 1.93 | 1.43 | 1.73 |
| P/TBV Ratio | 2.01 | 1.95 | 1.20 | 2.04 | 1.52 | 1.85 |
| P/FCF Ratio | 8.65 | 7.64 | 48.34 | 5.49 | ||
| P/OCF Ratio | 6.25 | 6.05 | 7.24 | 32.97 | 4.53 | |
| PEG Ratio | 1.79 | 1.79 | 0.95 | 0.92 | 0.39 | |
| EV/Sales Ratio | 1.37 | 1.48 | 1.13 | 1.55 | 1.20 | 0.65 |
| EV/EBITDA Ratio | 11.95 | 12.99 | 9.92 | 9.56 | 6.51 | 1.99 |
| EV/EBIT Ratio | 22.93 | 27.06 | 23.86 | 15.30 | 10.12 | 2.23 |
| EV/FCF Ratio | 9.22 | 8.59 | 51.84 | 4.93 | ||
| Debt / Equity Ratio | 0.20 | 0.14 | 0.31 | 0.20 | 0.17 | 0.11 |
| Debt / EBITDA Ratio | 1.11 | 0.86 | 2.12 | 0.89 | 0.73 | 0.14 |
| Debt / FCF Ratio | 0.89 | 0.59 | 4.90 | 0.35 | ||
| Net Debt / Equity Ratio | 0.13 | 0.05 | 0.24 | 0.04 | 0.03 | -0.22 |
| Net Debt / EBITDA Ratio | 0.75 | 0.33 | 1.66 | 0.20 | 0.13 | -0.29 |
| Net Debt / FCF Ratio | 0.58 | 0.22 | -3.12 | 1.10 | -0.16 | -0.71 |
| Asset Turnover | 1.02 | 0.98 | 0.83 | 0.96 | 0.92 | 1.83 |
| Inventory Turnover | 2.10 | 2.21 | 1.98 | 2.23 | 2.04 | 4.49 |
| Quick Ratio | 0.85 | 1.03 | 1.22 | 1.29 | 1.26 | 2.08 |
| Current Ratio | 3.62 | 3.20 | 4.16 | 3.04 | 3.35 | 3.68 |
| Return on Equity (ROE) | 6.63% | 4.93% | 3.48% | 10.54% | 9.90% | 62.05% |
| Return on Assets (ROA) | 3.83% | 3.35% | 2.48% | 6.05% | 6.81% | 33.33% |
| Return on Invested Capital (ROIC) | 5.96% | 4.93% | 3.57% | 10.64% | 12.80% | 81.72% |
| Return on Capital Employed (ROCE) | 7.30% | 6.60% | 4.60% | 11.20% | 12.50% | 61.60% |
| Earnings Yield | 4.14% | 2.67% | 3.20% | 5.36% | 6.68% | 31.13% |
| FCF Yield | 11.57% | 13.08% | -6.88% | 2.07% | -13.20% | 18.22% |
| Dividend Yield | 3.94% | 3.36% | 5.47% | 2.83% | 3.33% | 2.33% |
| Payout Ratio | 95.27% | 125.69% | 172.04% | 53.24% | 49.71% | 7.73% |
| Buyback Yield / Dilution | -1.27% | -0.00% | 2.85% | -0.17% | 3.26% | 13.77% |
| Total Shareholder Return | 2.67% | 3.35% | 8.32% | 2.66% | 6.60% | 16.11% |