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 |
| Operating 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 | 106.20 | 111 | 105.81 |
| Research And Development | 7.26 | 7.55 | 7.26 | 9.57 |
| Selling General And Administration | 115.65 | 98.64 | 103.74 | 96.25 |
| Total Expenses | 612.47 | 430.90 | 488.74 | 453.29 |
| Operating Income | 251.65 | 48.34 | 47.09 | 21.37 |
| Total Operating Income As Reported | 251.65 | 48.41 | 47.10 | 23.88 |
| EBITDA | 284.59 | 79.99 | 86.33 | 55.71 |
| Normalized EBITDA | 284.59 | 79.93 | 86.32 | 53.20 |
| EBIT | 254.52 | 48.56 | 53.77 | 23.87 |
| Interest Expense | 2.13 | 0.33 | 2.06 | 4.62 |
| Net Interest Income | -2.13 | -0.33 | -2.06 | -4.62 |
| Other Non Operating Income Expenses | 2.87 | 0.15 | 6.67 | -0.02 |
| Other Income Expense | 2.87 | 0.22 | 6.68 | 2.50 |
| Interest Expense Non Operating | 2.13 | 0.33 | 2.06 | 4.62 |
| Net Non Operating Interest Income Expense | -2.13 | -0.33 | -2.06 | -4.62 |
| Pretax Income | 252.39 | 48.23 | 51.72 | 19.24 |
| Tax Provision | 57.89 | 11.35 | 10.36 | 5.82 |
| Tax Rate For Calcs | - | 0 | 0 | - |
| Tax Effect Of Unusual Items | 0 | 0.02 | 0 | 0.76 |
| Net Income Continuous Operations | 194.49 | 36.88 | 41.36 | 13.42 |
| Net Income From Continuing And Discontinued Operation | 194.49 | 36.88 | 41.36 | 13.42 |
| Net Income From Continuing Operation Net Minority Interest | 194.49 | 36.88 | 41.36 | 13.42 |
| Net Income | 194.49 | 36.88 | 41.36 | 13.42 |
| Net Income Common Stockholders | 194.49 | 36.88 | 41.36 | 13.42 |
| Net Income Including Noncontrolling Interests | 194.49 | 36.88 | 41.36 | 13.42 |
| Normalized Income | 194.49 | 36.83 | 41.35 | 11.67 |
| Diluted NI Availto Com Stockholders | 194.49 | 36.88 | 41.36 | 13.42 |
| Basic Average Shares | 47.23 | 45.84 | 45.81 | 44.48 |
| Diluted Average Shares | 47.73 | 46.17 | 46.25 | 44.93 |
| Reconciled Depreciation | 30.07 | 31.44 | 32.56 | 31.84 |
| Reconciled Cost Of Revenue | 489.56 | 324.70 | 377.74 | 347.48 |
| Total Unusual Items | - | 0.06 | 0.01 | 2.52 |
| Total Unusual Items Excluding Goodwill | - | 0.06 | 0.01 | 2.52 |
| Net Income Discontinuous Operations | 0 | 0 | - | - |
| Special Income Charges | - | 0.06 | 0.01 | 2.52 |
| General And Administrative Expense | 72.49 | 61.57 | 63.13 | 54.93 |
| Other Gand A | 72.49 | 61.57 | 63.13 | 54.93 |
| Gain On Sale Of Ppe | - | 0.06 | 0.01 | 2.52 |
| Selling And Marketing Expense | 43.16 | 37.07 | 40.61 | 41.31 |
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 | $675M | 50.28β premium | 1.81 | 3.6% | 13.72 |
| Serve Robotics Inc. | SERV | $716M | -7.06 | 2.04 | -28.9% | -6.35 |
| Janus International Group, Inc. | JBI | $690M | 12.83 | 1.21 | 9.4% | 6.58 |
| Park Aerospace Corp. | PKE | $687M | 60.97 | 5.29 | 8.7% | 39.66 |
| Himalaya Shipping Ltd. | HSHP |
| $677M |
| 38.28 |
| 4.19 |
| 10.9% |
| 13.57 |
| Safe Bulkers, Inc. | SB | $652M | 16.90 | 0.78 | 4.6% | 8.16 |
| Ardmore Shipping Corporation | ASC | $652M | 15.89 | 1.03 | 6.5% | 9.11 |
| Hyster-Yale, Inc. | HY | $645M | -10.74 | 1.37 | -12.7% | 34.14 |
| Latham Group, Inc. | SWIM | $639M | 57.42 | 1.57 | 2.7% | 9.70 |
| Peer Median | - | 16.39 | 1.47 | 5.6% | 9.40 | |