Smith & Wesson Brands, Inc. designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, pistol caliber carbines, and lever-action rifles; handcuffs; suppressors; and other firearm-related products. It also provides manufacturing services comprising forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding, assembly, and distribution services to other businesses; and sells parts purchased through third parties. The company sells its products to firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement, security agencies and officers, and military agencies. It markets its products through independent dealers, retailers, in-store retails, and direct to consumers, and rangeoperations; print, broadcast, and digital advertising campaigns; social and electronic media; and in-store retail merchandising strategies. Smith & Wesson Brands, Inc. was founded in 1852 and is based in Maryville, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $475M | $56M | $13M | $-29M | 3.6% | -11.4% | -67.5% |
| 2024 | $536M | $86M | $41M | $16M | 10.3% | 11.8% | 12.2% |
| 2023 | $479M | $80M | $37M | $-73M | 9.6% | -44.5% | -81.0% |
| 2022 | $864M | $285M | $194M | $114M | 53.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 864.13 | 479.24 | 535.83 | 474.66 |
| Cost Of Revenue | 489.56 | 324.70 | 377.74 | 347.48 |
| Gross Profit | 374.56 | 154.54 | 158.09 | 127.18 |
| Operating Expense | 122.91 | 106.19 | 111 | 105.81 |
| Operating Income | 251.65 | 48.34 | 47.09 | 21.37 |
| EBITDA | 284.59 | 79.99 | 86.33 | 55.71 |
| EBIT | 254.52 | 48.56 | 53.77 | 23.87 |
| Pretax Income | 252.39 | 48.23 | 51.72 | 19.25 |
| Tax Provision | 57.89 | 11.35 | 10.36 | 5.82 |
| Net Income | 194.49 | 36.88 | 41.36 | 13.43 |
| Net Income Common Stockholders | 194.49 | 36.88 | 41.36 | 13.43 |
| Total Expenses | 612.47 | 430.90 | 488.74 | 453.29 |
| Interest Expense | 2.13 | 0.33 | 2.06 | 4.62 |
| Research And Development | 7.26 | 7.55 | 7.26 | 9.57 |
| Selling General And Administration | 115.65 | 98.64 | 103.74 | 96.25 |
| Normalized EBITDA | 284.59 | 79.93 | 86.32 | 53.20 |
| Normalized Income | 194.49 | 36.83 | 41.35 | 11.67 |
| Basic EPS | 4.12 | 0.80 | 0.90 | 0.30 |
| Diluted EPS | 4.08 | 0.80 | 0.89 | 0.30 |
| Tax Effect Of Unusual Items | 0 | 0.02 | 0 | 0.76 |
| Tax Rate For Calcs | 0.23 | 0.24 | 0.20 | 0.30 |
| Total Unusual Items | 0 | 0.07 | 0.01 | 2.52 |
| Total Unusual Items Excluding Goodwill | 0 | 0.07 | 0.01 | 2.52 |
| Net Income From Continuing Operation Net Minority Interest | 194.49 | 36.88 | 41.36 | 13.43 |
| Reconciled Depreciation | 30.07 | 31.44 | 32.56 | 31.84 |
| Reconciled Cost Of Revenue | 489.56 | 324.70 | 377.74 | 347.48 |
| Net Interest Income | -2.13 | -0.33 | -2.06 | -4.62 |
| Net Income From Continuing And Discontinued Operation | 194.49 | 36.88 | 41.36 | 13.43 |
| Total Operating Income As Reported | 251.65 | 48.41 | 47.10 | 23.88 |
| Diluted Average Shares | 47.73 | 46.17 | 46.25 | 44.93 |
| Basic Average Shares | 47.23 | 45.84 | 45.81 | 44.48 |
| Diluted NI Availto Com Stockholders | 194.49 | 36.88 | 41.36 | 13.43 |
| Net Income Including Noncontrolling Interests | 194.49 | 36.88 | 41.36 | 13.43 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 194.49 | 36.88 | 41.36 | 13.43 |
| Other Income Expense | 2.87 | 0.21 | 6.68 | 2.50 |
| Other Non Operating Income Expenses | 2.87 | 0.15 | 6.67 | -0.02 |
| Special Income Charges | 0 | 0.07 | 0.01 | 2.52 |
| Gain On Sale Of Ppe | 0 | 0.07 | 0.01 | 2.52 |
| Net Non Operating Interest Income Expense | -2.13 | -0.33 | -2.06 | -4.62 |
| Interest Expense Non Operating | 2.13 | 0.33 | 2.06 | 4.62 |
| Selling And Marketing Expense | 43.16 | 37.07 | 40.61 | 41.31 |
| General And Administrative Expense | 72.49 | 61.57 | 63.13 | 54.93 |
| Other Gand A | 72.49 | 61.57 | 63.13 | 54.93 |
| Operating Revenue | 864.13 | 479.24 | 535.83 | 474.66 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Smith & Wesson Brands, Inc.this co. | SWBI | $686M | 64.21β premium | 1.89 | 3.6% | 14.41 |
| Cardinal Infrastructure Group Inc. | CDNL | $701M | 30.18 | 11.73 | 16.3% | 10.97 |
| Transcat, Inc. | TRNS | $695M | 87.59 | 2.34 | 5.1% | 19.97 |
| Hyster-Yale, Inc. | HY | $686M | - | 1.44 | -12.2% | 20.87 |
| Sturm, Ruger & Company, Inc. | RGR |
| $684M |
| - |
| 2.41 |
| -1.5% |
| 51.26 |
| Latham Group, Inc. | SWIM | $683M | 64.89 | 1.68 | 2.7% | 11.15 |
| Serve Robotics Inc. | SERV | $680M | - | 1.92 | -28.9% | -4.28 |
| Safe Bulkers, Inc. | SB | $675M | 22.00 | 0.81 | 4.6% | 8.44 |
| FTAI Infrastructure Inc. | FIP | $670M | - | 30.98 | -1673.3% | 32.46 |
| Peer Median | - | 47.53 | 2.13 | 0.6% | 15.56 | |