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
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
FCF
Total debt
Cash
2026
$524M
$18M
26.9%
5.6%
$90M
—
$28M
2025
$475M
$13M
26.8%
5.0%
-$29M
—
$25M
2024
$536M
$41M
29.5%
8.8%
$16M
—
$61M
2023
$479M
$37M
32.2%
10.1%
-$73M
—
$54M
2022
$864M
$194M
43.3%
29.1%
$114M
—
$121M
2021
$1.1B
$252M
42.4%
30.2%
$293M
—
$113M
2020
$530M
-$61M
31.3%
9.5%
$82M
—
$125M
2019
$481M
$18M
30.4%
9.0%
$26M
—
$41M
2018
$607M
$20M
32.3%
4.5%
$43M
—
$49M
2017
$903M
$128M
41.5%
22.1%
$89M
—
$62M
2016
—
$94M
—
—
$139M
—
$191M
2015
—
$50M
—
—
$87M
—
$42M
2014
—
$89M
—
—
$37M
—
$69M
2013
—
$79M
—
—
$57M
—
$100M
2012
—
$16M
—
—
$24M
—
$57M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Apr '26
$178M
$16M
29.8%
12.0%
$70M
—
$28M
Jan '26
$136M
$4M
26.2%
4.9%
$17M
—
$18M
Oct '25
$125M
$2M
24.3%
3.3%
—
—
$22M
Jul '25
$85M
-$3M
25.9%
-3.5%
-$12M
—
$18M
Apr '25
$141M
$9M
28.8%
9.3%
$34M
—
$25M
Jan '25
$116M
$2M
24.1%
4.1%
-$16M
—
$27M
Oct '24
$130M
$5M
26.6%
5.8%
-$11M
—
$39M
Jul '24
$88M
-$2M
27.4%
-1.7%
-$36M
—
$36M
Apr '24
$159M
$28M
35.5%
17.4%
$38M
—
$61M
Jan '24
$137M
$8M
28.7%
8.2%
$7M
—
$47M
Oct '23
$125M
$2M
25.4%
3.0%
-$38M
—
$44M
Jul '23
$114M
$3M
26.6%
3.8%
$9M
—
$55M
Apr '23
$145M
$13M
29.0%
12.3%
$13M
—
$54M
Jan '23
$129M
$11M
32.4%
11.0%
-$18M
—
$45M
Oct '22
$121M
$10M
32.4%
10.3%
-$63M
—
$43M
Jul '22
$84M
$3M
37.3%
4.6%
-$4M
—
$110M
Apr '22
$181M
$36M
39.8%
25.7%
$17M
—
$121M
Jan '22
$178M
$31M
39.6%
22.3%
$213M
—
$107M
Oct '21
$230M
$51M
44.3%
28.4%
-$219M
—
$159M
Jul '21
$275M
$77M
47.3%
36.4%
$103M
—
$171M
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 37.9× (Jun '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.3× (Jun '26).
The dividend yield has risen from 2.7% (Mar '23) to 3.3% (Jun '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?
As of Jun '26, Smith & Wesson Brands, Inc. traded at a price-to-earnings ratio of about 37.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.