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Nasdaq · Industrials

SMITH & WESSON BRANDS, INC. (SWBI)

As-reported financials and SEC filings for SMITH & WESSON BRANDS, INC. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About SMITH & WESSON BRANDS, INC.

Smith & Wesson Brands, Inc. manufactures and designs firearms, including handguns such as revolvers and pistols, long guns like modern sporting rifles and lever-action rifles, firearm suppressors, and related products. The company serves a diverse customer base including firearm enthusiasts, collectors, hunters, competitive shooters, individuals seeking personal protection, law enforcement, security agencies, and military organizations. Its products are sold under the Smith & Wesson and Gemtech brands.

Snapshot

Revenue
$523.8M
Revenue growth (YoY)
10.4%
Net income
$18.5M
Diluted EPS
$0.41
Gross margin
26.9%
Operating margin
5.6%
Net margin
3.5%
FCF margin
17.3%
ROE
4.9%
net income / fiscal-year-end equity
P/E
31.0×
trailing when available, otherwise FY EPS
Market cap
$570.4M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended April 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Smith & Wesson Brands

  • Revenue grew 10.4% to $524M in FY2026, after a 11.4% decline the year before.
  • Operating margin is 5.6% in FY2026, -23.5 pp against 29.1% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $178M, up 26.7% from Q4 FY2025.
  • Free cash flow was $90M in FY2026, 17.3% of revenue.
  • Net income rose 37.7% to $18M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Smith & Wesson Brands’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin26.9%
48th percentile of 466
Operating margin5.6%
51st percentile of 605
Net margin3.5%
50th percentile of 645
FCF margin17.3%
89th percentile of 562
Revenue growth (YoY)+10.4%
68th percentile of 668
ROE4.9%
43rd percentile of 600
P/E31.0×
63rd percentile of 434
Short interest5.93d
83rd percentile of 676

Smith & Wesson Brands’s FCF margin of 17.3% ranks in the 89th percentile of the 562 Industrials companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$76.6M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$33.4M2.2MAdded
Two Sigma InvestmentsquantQ2 2026$26.5M1.8MAdded
AQR Capital ManagementquantQ2 2026$7.6M502.3KAdded
Point72 Asset ManagementquantQ2 2026$4.9M324.7KAdded
Citadel AdvisorsquantQ2 2026$3.2M213.7KAdded
Millennium ManagementquantQ2 2026$668,37844.4KReduced
D. E. ShawquantQ2 2026$248,71616.5KReduced
Gotham Asset ManagementQ2 2026$166,16211.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.3M
settled 2026-08-14
Change vs prior
+14.6%
vs previous settlement
Days to cover
5.93
at avg daily volume
Avg daily volume
387.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.3M+14.6%5.93
2026-07-312.0M+8.0%4.62
2026-07-151.9M-6.2%3.39
2026-06-302.0M+4.7%1.24
2026-06-151.9M+21.1%3.06
2026-05-291.6M+5.8%3.18
2026-05-151.5M-3.1%3.29
2026-04-301.5M-4.2%3.62

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$523.8M$474.7M$535.8M$479.2M$864.1M
Gross profit$141.1M$127.2M$158.1M$154.5M$374.6M
Operating income$29.2M$23.9M$47.1M$48.4M$251.7M
Net income$18.5M$13.4M$41.4M$36.9M$194.5M
Diluted EPS$0.41$0.30$0.89$0.80$4.08

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$28.2M$25.2M$60.8M$53.6M$120.7M
Current assets$241.4M$277.3M$287.3M$291.9M$327.6M
Total assets$512.8M$559.6M$577.4M$541.3M$497.5M
Current liabilities$75.4M$66.6M$94.4M$87.2M$88.9M
Long-term debt
Total liabilities$136.2M$187.2M$177.5M$156.7M$137.0M
Total equity$376.6M$372.5M$399.9M$384.6M$360.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$114.2M$-7.2M$106.7M$16.7M$137.8M
Capital expenditure$23.7M$21.6M$90.8M$89.6M$24.0M
Free cash flow$90.4M$-28.8M$16.0M$-72.8M$113.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$178.4M26.7%$16.2M$0.36
Q3 FY2026$135.7M17.1%$3.8M$0.08
Q2 FY2026$124.7M-3.9%$1.9M$0.04
Q1 FY2026$85.1M-3.7%$-3.4M$-0.08
Q4 FY2025$140.8M-11.6%$8.6M$0.19
Q3 FY2025$115.9M-15.7%$2.1M$0.05
Q2 FY2025$129.7M3.8%$4.5M$0.10
Q1 FY2025$88.3M-22.7%$-1.9M$-0.04

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryOrdnance & Accessories, (No Vehicles/Guided Missiles)
Latest annual periodFY2026 (ended April 30, 2026)
Latest reported quarterQ4 FY2026 (ended April 30, 2026)
Oldest indexed filing2012
SEC CIK1092796

Selected SEC filings

10-K2026-06-17
View on EDGAR →
10-K2025-06-20
View on EDGAR →
10-Q2026-03-05
View on EDGAR →
10-Q2025-12-04
View on EDGAR →
10-Q2025-09-04
View on EDGAR →
8-K2026-07-15
View on EDGAR →
8-K2026-06-17
View on EDGAR →
8-K2026-03-05
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.