15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 13.1% per year over the past 5 years.
Net income has grown slower than revenue (-40.7% vs -13.1% per year).
Operating margin has contracted, at 5.6% in the latest year.
Free cash flow has declined 21.0% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 6 consecutive years, consuming 125.7% of earnings and 25.7% of free cash flow.
The dividend has grown 23.1% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$524M
$18M
26.9%
5.6%
4.9%
3.6%
$90M
—
$28M
2025
$475M
$13M
26.8%
5.0%
3.6%
2.4%
-$29M
—
$25M
2024
$536M
$41M
29.5%
8.8%
10.3%
7.2%
$16M
—
$61M
2023
$479M
$37M
32.2%
10.1%
9.6%
6.8%
-$73M
—
$54M
2022
$864M
$194M
43.3%
29.1%
53.9%
39.1%
$114M
—
$121M
2021
$1.1B
$252M
42.4%
30.2%
94.6%
56.5%
$293M
—
$113M
2020
$530M
-$61M
31.3%
9.5%
-15.8%
-8.4%
$82M
—
$125M
2019
$481M
$18M
30.4%
9.0%
4.1%
2.4%
$26M
—
$41M
2018
$607M
$20M
32.3%
4.5%
4.8%
2.7%
$43M
—
$49M
2017
$903M
$128M
41.5%
22.1%
32.5%
16.2%
$89M
—
$62M
2016
—
$94M
—
—
30.5%
15.2%
$139M
—
$191M
2015
—
$50M
—
—
25.5%
10.1%
$87M
—
$42M
2014
—
$89M
—
—
53.5%
23.4%
$37M
—
$69M
2013
—
$79M
—
—
43.4%
24.1%
$57M
—
$100M
2012
—
$16M
—
—
14.3%
6.2%
$24M
—
$57M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$113M
$3M
28.7%
3.7%
0.7%
0.5%
-$21M
—
$19M
Apr '26
$178M
$16M
29.8%
12.0%
4.3%
3.2%
$70M
—
$28M
Jan '26
$136M
$4M
26.2%
4.9%
1.0%
0.7%
$17M
—
$18M
Oct '25
$125M
$2M
24.3%
3.3%
0.5%
0.3%
$16M
—
$22M
Jul '25
$85M
-$3M
25.9%
-3.5%
-0.9%
-0.6%
-$12M
—
$18M
Apr '25
$141M
$9M
28.8%
9.3%
2.3%
1.5%
$34M
—
$25M
Jan '25
$116M
$2M
24.1%
4.1%
0.6%
0.4%
-$16M
—
$27M
Oct '24
$130M
$5M
26.6%
5.8%
1.2%
0.8%
-$11M
—
$39M
Jul '24
$88M
-$2M
27.4%
-1.7%
-0.5%
-0.3%
-$36M
—
$36M
Apr '24
$159M
$28M
35.5%
17.4%
7.0%
4.8%
$38M
—
$61M
Jan '24
$137M
$8M
28.7%
8.2%
2.1%
1.4%
$7M
—
$47M
Oct '23
$125M
$2M
25.4%
3.0%
0.7%
0.4%
-$38M
—
$44M
Jul '23
$114M
$3M
26.6%
3.8%
0.8%
0.6%
$9M
—
$55M
Apr '23
$145M
$13M
29.0%
12.3%
3.3%
2.4%
$13M
—
$54M
Jan '23
$129M
$11M
32.4%
11.0%
3.0%
2.1%
-$18M
—
$45M
Oct '22
$121M
$10M
32.4%
10.3%
2.6%
1.9%
-$63M
—
$43M
Jul '22
$84M
$3M
37.3%
4.6%
0.9%
0.6%
-$4M
—
$110M
Apr '22
$181M
$36M
39.8%
25.7%
10.0%
7.3%
$17M
—
$121M
Jan '22
$178M
$31M
39.6%
22.3%
9.4%
6.5%
$213M
—
$107M
Oct '21
$230M
$51M
44.3%
28.4%
14.6%
10.1%
-$219M
—
$159M
Valuation over time
How the market has priced SWBI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 2.8× (Mar '23) to 32.2× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.1× (Nov '26).
The dividend yield has risen from 2.7% (Mar '23) to 3.9% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is SWBI growing its revenue and profit?
Over the past 5 years, Smith & Wesson Brands, Inc.'s revenue has declined 13.1% per year, and net income declined 40.7% per year. These are computed facts, not advice.
How much debt does SWBI have?
As of FY2026, Smith & Wesson Brands, Inc. reported — of total debt against $28M of cash.
What is SWBI's profit margin?
In FY2026, gross margin was 26.9%, operating margin 5.6%, and net margin 3.5%.
What is SWBI's P/E ratio?
Smith & Wesson Brands, Inc.'s P/E (TTM) is 24.28 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SWBI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 32.2× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.