Smith & Wesson Brands, Inc.
- Open
- 14.96
- Day high
- 15.31
- Day low
- 14.96
- Prev close
- 15.01
- Volume
- 38K
- Mkt cap
- $677M
- P/E (TTM)
- 37.1
- EPS (TTM)
- $0.41
- P/B
- 1.8
- P/S
- 1.3
- Yield
- 1.71%
- Per share
- $0.26
Smith & Wesson Brands, Inc. (SWBI) is a Industrials company listed on NASDAQ. The stock is up 89% over the past year.
Smith & Wesson Brands, Inc. (SWBI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SWBI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 17, 2026 | $0.23 | $0.36 | +60.0% | $178M | +14.9% |
| Mar 5, 2026 | $0.04 | $0.08 | +77.8% | $136M | -12.6% |
| Dec 4, 2025 | $0.05 | $0.04 | -20.0% | $125M | -0.7% |
| Sep 4, 2025 | $0.02 | $-0.08 | -500.0% | $85M | -29.8% |
| Jun 18, 2025 | $0.23 | $0.20 | -13.0% | $141M | -7.6% |
| Mar 6, 2025 | $0.02 | $0.02 | +0.0% | $116M | -24.0% |
| Dec 5, 2024 | $0.16 | $0.11 | -31.3% | $130M | -18.3% |
| Sep 5, 2024 | $-0.02 | $-0.02 | +0.0% | $88M | -13.8% |
| Jun 20, 2024 | $0.34 | $0.43 | +26.5% | $159M | +1.5% |
| Mar 7, 2024 | $0.10 | $0.17 | +70.0% | $137M | -12.3% |
| Dec 7, 2023 | $0.14 | $0.14 | +0.0% | $125M | +0.9% |
| Sep 7, 2023 | $0.05 | $0.13 | +160.0% | $114M | +13.2% |
SWBI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | Tengwall Kyleofficer: Vice President, Marketing | Tax | 7,721 | $14.35 |
| May 5, 2026 | Smith Mark Peterdirector, officer: See Remarks | Grant | 90,956 | — |
| May 5, 2026 | Tengwall Kyleofficer: Vice President, Marketing | Grant | 14,618 | — |
| May 5, 2026 | Maxwell Kevin Aldenofficer: See Remarks | Grant | 27,612 | — |
| May 5, 2026 | Tengwall Kyleofficer: Vice President, Marketing | Grant | 29,234 | — |
| May 5, 2026 | McPherson Deana Lofficer: See Remarks | Tax | 880 | $14.97 |
| May 5, 2026 | McPherson Deana Lofficer: See Remarks | Grant | 55,222 | — |
| May 5, 2026 | McPherson Deana Lofficer: See Remarks | Tax | 6,660 | $15.57 |
| May 5, 2026 | Smith Mark Peterdirector, officer: See Remarks | Tax | 4,481 | $14.97 |
| May 5, 2026 | Smith Mark Peterdirector, officer: See Remarks | Tax | 23,473 | $15.57 |
| May 5, 2026 | McPherson Deana Lofficer: See Remarks | Grant | 27,612 | — |
| May 5, 2026 | Maxwell Kevin Aldenofficer: See Remarks | Grant | 55,222 | — |
| May 5, 2026 | Maxwell Kevin Aldenofficer: See Remarks | Tax | 653 | $14.97 |
| May 5, 2026 | Smith Mark Peterdirector, officer: See Remarks | Grant | 181,912 | — |
| May 5, 2026 | Maxwell Kevin Aldenofficer: See Remarks | Tax | 6,854 | $15.57 |
Source: SWBI SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full SWBI insider & 13F page →Smith & Wesson Brands, Inc. company profile
Overview
Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is a firearms manufacturer founded in 1852 and headquartered in Springfield, Massachusetts. The company is one of America's oldest and most recognizable firearms manufacturers, with a history spanning over 170 years. Smith & Wesson designs, manufactures, and sells firearms globally under well-known brands including Smith & Wesson, M&P (Military & Police), and Gemtech. The company has recently completed a strategic relocation of its headquarters to Tennessee and continues to focus on product innovation and market leadership in the civilian and law enforcement firearms markets.
Business
Smith & Wesson operates in the firearms manufacturing industry, producing two primary categories of weapons along with related accessories and services. The company's core business revolves around designing and manufacturing firearms for civilian consumers, law enforcement agencies, and military organizations. The company's product portfolio is divided into several key segments. Handguns represent the largest portion of the business, including revolvers (the classic wheel-gun design Smith & Wesson is famous for) and semi-automatic pistols. Popular handgun lines include the M&P (Military & Police) series, which are striker-fired pistols designed for both professional and civilian use, and the Bodyguard series, which are compact pistols designed for concealed carry. Long guns constitute the second major category, encompassing modern sporting rifles (semi-automatic rifles popular among civilian shooters), bolt-action rifles for hunting and precision shooting, and lever-action rifles under the 1854 brand line. Beyond firearms, Smith & Wesson manufactures accessories and related products including handcuffs for law enforcement, suppressors (devices that reduce the sound of gunfire) under the Gemtech brand, and various firearm components. The company also operates a manufacturing services division called Smith & Wesson Precision Components, which provides contract manufacturing services including forging, heat treating, machining, and custom plastic injection molding to other businesses. Based on recent earnings data, handguns typically account for the majority of revenue (approximately 60-70%), with long guns representing roughly 25-35% of sales, and the remainder coming from accessories and manufacturing services. New products have become increasingly important to the business model, representing over 40% of total sales in recent quarters.
Competitive moat
Smith & Wesson possesses a moderate competitive moat built primarily on brand recognition and manufacturing expertise, though the firearms industry remains highly competitive with several formidable competitors. The company's strongest moat element is its brand heritage and recognition. As one of America's oldest firearms manufacturers, Smith & Wesson has built significant brand equity over 170+ years, particularly in revolvers where it maintains market leadership. The brand carries strong recognition among law enforcement, military, and civilian users, providing pricing power and customer loyalty that newer entrants struggle to match. Manufacturing and design expertise represents another moat component. The company has developed specialized knowledge in metallurgy, precision manufacturing, and firearm engineering that takes years to develop. Its flexible manufacturing model allows for rapid scaling up or down based on demand, providing operational advantages over less adaptable competitors. However, the moat faces significant challenges. The firearms industry includes well-established competitors like Glock, Sig Sauer, and Ruger, each with their own strong brand positions and loyal customer bases. Product differentiation is limited in many firearm categories, as functional requirements often drive purchasing decisions more than brand loyalty. The rise of newer manufacturers offering competitive products at lower price points creates ongoing pressure. Regulatory risks represent a unique challenge to the moat, as changing laws and regulations can dramatically impact market access and product viability. Unlike many other industries, firearms manufacturers face the possibility of significant regulatory changes that could restrict their addressable market. The company's moat is best described as narrow but defendable, with brand strength and manufacturing expertise providing some protection, but facing ongoing competitive and regulatory pressures that require continuous innovation and operational excellence to maintain market position.
Risks & safety
Smith & Wesson presents a moderate margin of safety with solid balance sheet fundamentals but concerning cash flow trends and cyclical earnings volatility. Liquidity and Solvency: - Strong current ratio of 4.67, indicating excellent short-term liquidity - Cash position of $26.7 million with total current assets of $298.7 million - Debt-to-equity ratio of 0.40, representing manageable leverage - Company expects to be debt-free by year-end, significantly improving financial flexibility Cash Flow Concerns: - Negative operating cash flow of -$9.8 million in Q3 2025 - Negative free cash flow of -$16.2 million, indicating cash burn - Year-to-date operating cash flow remains negative, raising sustainability questions - Historical cash generation has been strong, suggesting current weakness may be cyclical Valuation Metrics: - High P/E ratio of 69.4 due to depressed current earnings - EV/EBITDA of 12.4, reasonable for current market conditions - Price-to-book ratio of 1.27, suggesting modest valuation premium - Graham number analysis suggests potential undervaluation at current levels Other Considerations: - Cyclical industry with significant earnings volatility - Strong balance sheet provides buffer during downturns - Flexible cost structure allows for margin preservation during weak demand - Election cycle and regulatory environment create additional uncertainty
Recent development
Over the past few years, Smith & Wesson has executed several strategic initiatives focused on product innovation, operational efficiency, and geographic repositioning. The company has significantly expanded its new product development efforts, with new products now representing over 40% of total sales compared to historical levels around 25-30%. Product Innovation Leadership has become a central strategy, with the company launching over 100 new products in fiscal 2024. Key successful launches include the Bodyguard 2.0 concealed carry pistol, which became the top-selling concealed carry pistol and won industry awards for "Best New Handgun of 2024." The 1854 lever-action rifle line has performed exceptionally well, contributing to improved long gun margins and average selling prices. Geographic Relocation represents a major strategic move, with the company completing its headquarters relocation from Massachusetts to Tennessee. This move, costing approximately $160-170 million, was designed to reduce operating costs, improve operational efficiency, and position the company in a more business-friendly regulatory environment. Market Positioning Strategy has evolved to address a bifurcated market, with the company focusing on both entry-level price points to capture cost-conscious consumers and premium products for enthusiasts. This dual approach has helped maintain market share during periods of consumer discretionary spending pressure. Operational Excellence Initiatives include implementing a flexible manufacturing model that allows rapid scaling based on demand fluctuations, robust sales and operations planning processes, and improved inventory management. The company has also enhanced its marketing and brand messaging efforts to strengthen market position. Capital Allocation Discipline has been demonstrated through consistent share repurchases (reducing share count by 1.5 million shares year-to-date), debt reduction efforts, and maintenance of dividend payments even during challenging periods.
SWBI company profile · for informational purposes only — not investment advice.
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