SMITH & WESSON BRANDS, INC. SWBI

Industrials SIC 3480 - Ordnance & Accessories, (No Vehicles/Guided Missiles) NAICS Manufacturing › Fabricated Metal Product Manufacturing › Other Fabricated Metal Product Manufacturing › All Other Fabricated Metal Product Manufacturing derived Nasdaq

We are one of the world's leading manufacturers and designers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, pistol caliber carbines, and lever-action rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We sell our products under the Smith & Wesson and Gemtech brands. We manufacture our products at our facilities in Maryville, Tennessee; Springfield, Massachusetts; and Houlton, Maine. We also sell our manufacturing services under our Smith & Wesson and Smith & Wesson Precision Components brands to other businesses to attempt to level-load our factories.

Last close 13.71 2026-10-23
Market cap $614.8M 2026-07-31 share count
52-week range 8.13 - 17.56

Valuation FY2025 figures against the last close

P/S1.2x
P/E33.4x
P/FCF6.8x
EV/EBITDA21.0x
Dividend yield3.8%
Diluted EPS0.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $523.8M$474.7M$535.8M$479.2M$864.1M$1.06B$529.6M$481.3M$606.9M$903.2M
Cost of revenue $382.7M$347.5M$377.7M$324.7M$489.6M$610.2M$363.9M$335.1M$411.1M$527.9M
Gross profit $141.1M$127.2M$158.1M$154.5M$374.6M$449.0M$165.7M$146.3M$195.8M$375.3M
R&D $10.3M$9.6M$7.3M$7.5M$7.3M$7.5M$7.4M$8.0M$11.4M$10.2M
SG&A $60.0M$54.9M$63.1M$61.6M$72.5M$79.3M$66.0M$67.1M$101.5M$115.8M
Total operating expenses $111.9M$103.3M$111.0M$106.1M$122.9M$129.4M$115.4M$102.8M$168.7M$175.3M
Operating income $29.2M$23.9M$47.1M$48.4M$251.7M$319.6M$50.3M$43.5M$27.0M$199.9M
Pre-tax income $25.1M$19.2M$51.7M$48.2M$252.4M$318.0M$39.2M$34.2M$17.6M$191.3M
Income tax $6.6M$5.8M$10.4M$11.3M$57.9M$74.4M$11.5M$9.3M$2.5M$63.5M
Net income $18.5M$13.4M$41.4M$36.9M$194.5M$252.0M-$61.2M$18.4M$20.1M$127.9M
EPS, basic 0.420.300.900.804.124.62-1.110.340.372.29
EPS, diluted 0.410.300.890.804.084.55-1.100.330.372.25
Shares, diluted (wtd. avg.) 44,93344,93246,24846,17047.7M55.4M55.7M55.2M54.8M56.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $28.2M$25.2M$60.8M$53.6M$120.7M$113.0M$125.0M$41.0M$48.9M$61.5M
Receivables $40.0M$55.9M$59.1M$55.2M$62.7M$67.4M$60.9M$84.9M$56.7M$108.4M
Total current assets $241.4M$277.3M$287.3M$291.9M$327.6M$268.3M$393.5M$298.7M$270.4M$318.4M
Property, plant and equipment ——————$157.4M$183.3M$159.1M$149.7M
Goodwill $19.0M$19.0M$19.0M$19.0M$19.0M$19.0M$19.0M$182.3M$191.3M$169.0M
Other intangibles $2.0M$2.4M$2.6M$3.6M$3.6M$4.4M$4.4M$91.8M$112.8M$141.3M
Total assets $512.8M$559.6M$577.4M$541.3M$497.5M$446.4M$729.5M$766.8M$745.1M$788.0M
Accounts payable $34.6M$26.9M$41.8M$36.8M$30.0M$57.3M$31.5M$35.6M$33.6M$53.4M
Total current liabilities $75.4M$66.6M$94.4M$87.2M$88.9M$125.7M$130.0M$111.3M$100.7M$151.2M
Total liabilities $136.2M$187.2M$177.5M$156.7M$137.0M$180.0M$342.4M$322.3M$322.9M$394.9M
Retained earnings $373.7M$532.6M$542.4M$523.2M$504.6M$325.2M$341.7M$402.9M$389.1M$369.2M
Total equity $376.6M$372.5M$399.9M$384.6M$360.5M$266.4M$387.1M$444.4M$422.1M$393.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $114.2M-$7.2M$106.7M$16.7M$137.8M$315.3M$94.7M$57.1M$61.6M$123.6M
Stock-based compensation $8.3M$7.6M$5.7M$5.1M$4.5M$4.7M$2.4M$6.9M$7.8M$8.6M
Capital expenditure $23.7M$21.6M$90.8M$89.6M$24.0M$22.1M$12.4M$30.9M$18.5M$34.9M
Investing cash flow -$28.2M-$19.2M-$81.5M-$89.8M-$24.1M-$23.4M-$14.0M-$34.8M-$42.2M-$243.7M
Financing cash flow -$83.0M-$9.2M-$18.0M$5.9M-$106.0M-$303.9M$3.4M-$30.5M-$32.2M-$9.6M
Dividends paid $23.2M$23.1M$22.0M$18.3M$15.0M$8.2M$0———
Buybacks $0$25.5M$10.2M$0$90.0M$110.0M$0——$50.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-338441.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 903.2M Gross profit, FY2016: 375.3M Net income, FY2016: 127.9M Revenue, FY2017: 606.9M Gross profit, FY2017: 195.8M Net income, FY2017: 20.1M Revenue, FY2018: 481.3M Gross profit, FY2018: 146.3M Net income, FY2018: 18.4M Revenue, FY2019: 529.6M Gross profit, FY2019: 165.7M Net income, FY2019: -61.2M Revenue, FY2020: 1.1B Gross profit, FY2020: 449M Net income, FY2020: 252M Revenue, FY2021: 864.1M Gross profit, FY2021: 374.6M Net income, FY2021: 194.5M Revenue, FY2022: 479.2M Gross profit, FY2022: 154.5M Net income, FY2022: 36.9M Revenue, FY2023: 535.8M Gross profit, FY2023: 158.1M Net income, FY2023: 41.4M Revenue, FY2024: 474.7M Gross profit, FY2024: 127.2M Net income, FY2024: 13.4M Revenue, FY2025: 523.8M Gross profit, FY2025: 141.1M Net income, FY2025: 18.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $903.2M $606.9M $481.3M $529.6M $1.06B $864.1M $479.2M $535.8M $474.7M $523.8M
Gross profit $375.3M $195.8M $146.3M $165.7M $449.0M $374.6M $154.5M $158.1M $127.2M $141.1M
Net income $127.9M $20.1M $18.4M -$61.2M $252.0M $194.5M $36.9M $41.4M $13.4M $18.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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