Smith & Wesson Brands, Inc.

Ordnance & Accessories, (No Vehicles/Guided Missiles)

SWBIStrong8 of 11 basics passed

$14.18

-0.91%

Market cap $640M

$14.18

-0.91%

Market cap $640M

Smith & Wesson Brands Inc is a U.S.-based company engaged in manufacturing and selling firearms. It operates under one reportable segment: Firearms, which includes firearms distribution and manufacturing services.

It is a $640M industrial company. Revenue shrank 0.8% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~0.7 years of free cash flow. It trades at 25.6× earnings — in the most expensive third of its own history.

Website: smith-wesson.com
Location: Maryville, TN
Employees: 1 386
Sector: Industrials

Share price · 3 years

$13.55 → $14.18+4.6%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $1.09B
Profit: keeps 2¢ of every $1 sold; $25.9M
Free cash flow: cash left after running the business; $69.6M
Net debt: debt minus cash on hand; $47.5M
P/E: years of profit in the price; 25.6
EPS: earnings per share, TTM; $0.58
Dividend: pays out 95% of profit · 34% of FCF; 3.72%
Shares: down 20% since 2016 — buybacks; 44.8M
Volatility: beta vs the market — under 1 swings less; 0.85

Revenue, last 10 years

52-week range

Low $8.16$14.18High $16.67

Today's price is 71% of the way from the year's low to its high.

P/E vs its history5y

25.6×median 14.0×

Higher than 80% of past days — in the most expensive third of its own history.

Valuation vs own history

P/E

25.6×

18%

P/S

1.1×

37%

EV/EBITDA

20.1×

32%

P/B

1.7×

36%

FCF yield

13.1%

18%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Standing in Industrials

Size$640Mtop 98%
Revenue growth+3%top 53%
Net margin4%top 83%
Return on equity7%top 91%
P/E25.6×top 47%
Dividend yield3.72%top 9%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong health and quality; Growth, Profitability and Moat lag behind.

Valuation70

P/E vs own history80th pct · 0/25
FCF yield10.9% · 25/25
P/S1.1x · 25/25
EV/EBITDA10.2x · 20/25

Growth12

Revenue CAGR-11.8% · 0/25
Net income CAGR-44.5% · 0/25
EPS CAGR ~5Y-62.5% · 0/25
Fwd implied growth8.2% · 12/25

Profitability21

ROIC0.6% · 5/25
ROE6.6% · 5/25
Net margin2.4% · 6/25
Operating margin6.6% · 5/25

Health88

Altman Z4.18 · 25/25
Current ratio3.62 · 25/25
Interest coverage6.2x · 18/25
Net cash / debtD/A 9% · 20/25

Quality77

Piotroski F6/9 · 15/25
Beneish M-7.59 · 25/25
FCF conversion489% · 25/25
Margin stabilityσ 10.3% · 12/25

Moat36

ROIC >12% years6/10 yrs · 13/25
Median gross margin33.0% · 13/25
FCF-positive years6/12 yrs · 5/25
Worst-year net marginworst -3.9% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2021Financial
Best year on record
$457M net income
2020Milestone
Previously among them was Smith & Wesson until the firearm manufacturer was spun off in 2020
2016Milestone
Until 2016 the company was known as Smith & Wesson Holding Corporation
2016Acquisition
Smith & Wesson Holding Corporation bought Crimson Trace, a laser-sight manufacturer, for $95 million…
FY2016Financial
First recorded profitable year
$194M net income
FY2016Financial
Revenue already above $1B
$1.53B in first reported year
May 11, 2001Acquisition
Saf-T-Hammer Corporation acquired Smith & Wesson Corporation from Tomkins plc for US$15 million
2000Acquisition
Saf-T-Hammer, a manufacturer of firearms locks and other safety products, purchased the company with the intention…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$6 864 today — price return only

$112.6M revenue in FY2027

Profitable 7 years in a row

1 386 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Could repay net debt from ~0.5 years of free cash flow
Interest covered 6.2× by operating earnings
Altman Z-Score 4.18 — low bankruptcy-risk zone

Watch-outs

Revenue shrinking 0.8% year over year
Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago-0.8% YoY
Profitable — makes more than it spends$25.9M TTM
Profit growing — earnings are higher than last year-19.9% YoY
Generates cash — cash left after running and investing$69.6M TTM
Debt under control — could handle its obligations~0.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$640M market cap
Not printing shares — share count not ballooning — you keep your slice-6.1% shares over ~5y
Proven track record — years of profitability behind it11/12 profitable years
Financially stable — balance sheet not near distressAltman Z 4.2 — safe
Pays a dividend — returns cash to shareholdersyield 3.72%
Valuation not extreme — price not wildly above earningsP/E 25.6

Peer comparisonSmith & Wesson Brands, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
SWBI this company	$640M	25.6	-0.8%	2.4%	Strong
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: SWBI vs LRCX · SWBI vs CAT · SWBI vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 5Hold 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2027. For readers who want to check the numbers.

Profit & lossRevenue $1.09B · net income $25.9M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2027 revenue flows to profit

RevenueNet income

Revenue (TTM)

$1.09B

YoY -0.8%

Net income (TTM)

$25.9M

Margin 2.4%

Gross margin

27.4%

Operating margin

6.6%

P/E ratio

25.6

Dividend yield

3.72%

Income statement — full detail

Figures in USD billions · EPS in USD

	2022	2023	2024	2025	2026	2027
Revenue	1.8	1.1	1.3	1.1	1.2	0.1
Gross profit	0.8	0.4	0.4	0.3	0.3	0.0
Operating income (EBIT)	0.5	0.1	0.1	0.0	0.0	0.0
Net income	0.4	0.1	0.1	0.0	0.0	0.0
EPS (diluted)	7.73	1.67	1.40	0.36	0.49	0.06

Cash flowFree cash flow $69.6M · operating cash flow $136M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$69.6M

Margin 6.4%

Operating cash flow (TTM)

$136M

FCF margin

17.3%

Cash flow statement — full detail

Figures in USD billions

	2022	2023	2024	2025	2026	2027
Operating cash flow	0.2	-0.0	0.2	-0.1	0.2	-0.0
Capital expenditure	-0.1	-0.2	-0.3	-0.0	-0.1	-0.0
Free cash flow	0.1	-0.2	-0.0	-0.1	0.1	-0.0
FCF margin	7.6%	-20.9%	-2.1%	-13.5%	7.9%	-18.5%

Balance sheetAssets $523M · net debt $47.5M (FY2027)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $523M of assets is financed

29%

71%

Liabilities $150M — borrowed moneyEquity $374M — owners' stake

Cash vs debt

Total debt $72.8M − cash $25.2M = net debt $47.5M

Cash on hand covers 35% of debt.

Altman Z-Score

4.18

Safe zone

Debt repayment

0.5 yrs

Years of free cash flow to clear net debt

Interest coverage

6.2x

EBIT ÷ interest expense

ROE

6.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2022	2023	2024	2025	2026	2027
Cash & equivalents	0.1	0.1	0.1	0.0	—	0.0
Total assets	0.5	0.5	0.6	0.6	—	0.5
Total liabilities	0.1	0.2	0.2	0.2	—	0.1
Total debt	—	—	0.1	—	—	0.1
Equity	0.4	0.4	0.4	0.4	—	0.4
Net debt	—	—	0.0	—	—	0.0

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SWBI on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $14.18 · market cap $640M.