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Other financials

Income statement

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Revenue$178.4M+26.7%
Operating income$21.3M+62.6%
Net income$16.2M+87.9%
EPS (diluted)$0.36+89.5%

Balance sheet

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Cash & equivalents$28.2M+11.7%
Total debt$53.1M-53.8%
Total equity$376.6M+1.1%
Total assets$512.8M-8.4%

Cash flow

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Operating cash flow$74.6M
CapEx$4.8M-33.7%
Free cash flow$69.7M

Valuation

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Market cap$637.36M+78.9%
Enterprise value$662.31M+42.2%
P/E34.5×+4.5×
P/S1.2×+0.5×

Profitability

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Gross margin26.9%+0.1pp
Operating margin5.6%+0.5pp
Net margin3.5%+0.7pp
FCF margin17.3%

Returns & leverage

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Return on equity4.9%+1.5pp
Debt / equity0.1×-0.2×
Current ratio3.2×-1.0×

Where this comes from

Calculated from Smith & Wesson Brands, Inc.’s reported figures.

The source filing: Smith & Wesson Brands, Inc.’s 10-K, filed June 17, 2026.

Filed
Jun 17, 2026, 4:36 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-274254
Line itemFor the Year Ended April 30, 2026For the Year Ended April 30, 2025For the Year Ended April 30, 2024
Net sales$523,845$474,661$535,833
Cost of sales382,742347,478377,740
Gross profit141,103127,183158,093
Operating expenses:
Research and development10,3049,5677,258
Selling, marketing, and distribution41,59841,31440,611
General and administrative59,99954,93363,133
Gain on sale/disposition of assets, net(9)(2,515)(11)

Item 16. Form 10-K Summary

FAQ

What is Smith & Wesson Brands, Inc.'s gross profit?
Smith & Wesson Brands, Inc. (SWBI) reported gross profit of $53.09M in Q1 2026.
How has Smith & Wesson Brands, Inc.'s gross profit changed year-over-year?
Smith & Wesson Brands, Inc.'s gross profit increased by 30.9% year-over-year, from $40.55M to $53.09M.
What is the long-term trend for Smith & Wesson Brands, Inc.'s gross profit?
Over 4 years (2022 to 2026), Smith & Wesson Brands, Inc.'s gross profit has grown at a -21.7% compound annual growth rate (CAGR), from $374.56M to $141.1M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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