SWBINasdaqOrdnance & Accessories, (No Vehicles/Guided Missiles)Fiscal year ends April 30
SMITH & WESSON BRANDS, INC.
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 3, 2026
$14.78+0.64 (+4.53%)
Close on Oct 19, 2026
- Market cap
- $672.14M
- P/E (TTM)
- 36.0
- Dividend yield
- 3.52%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
26.9%−15.5 pts over 5 years
Operating margin
5.6%−24.6 pts over 5 years
Net margin
3.5%−20.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.4% | +3.0% | -13.1% | -3.2% | |
| Gross profit | +10.9% | -3.0% | -20.7% | -7.1% | |
| Operating income | +22.3% | -15.5% | -38.0% | -15.6% | |
| Net income | +37.7% | -20.6% | -40.7% | -15.0% | |
| EPS, diluted | +36.7% | -20.0% | -38.2% | -13.2% | |
| Free cash flow | – | – | -21.0% | -4.2% | |
| Dividend per share | 0.0% | +9.1% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 36.5% | 77.1% | 4.9% | |
| Return on assets | 18.2% | 42.9% | 3.4% | |
| Current ratio | 2.11 | 2.13 | 3.20 | |
| Capex to revenue | 3.9% | 2.1% | 4.5% | |
| Diluted shares | 57M | 55M | 0M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Smith & Wesson Brands generated $382.70M from operations and spent $477.04M on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
$382.70M
Used
$477.04M
Capital expenditure$249.65M52%Dividends$101.71M21%Share buybacks$125.68M26%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.5%
×Asset turnover0.98×
×Equity multiplier1.43×
=Return on equity, FY20264.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 3.5% | 0.98× | 1.43× | 4.9% |
| FY2025 | 2.8% | 0.83× | 1.47× | 3.5% |
| FY2024 | 7.7% | 0.96× | 1.43× | 10.5% |
| FY2023 | 7.7% | 0.92× | 1.39× | 9.9% |
| FY2022 | 22.5% | 1.83× | 1.51× | 62.0% |
| FY2021 | 23.8% | 1.80× | 1.80× | 77.1% |
| FY2020 | -11.6% | 0.71× | 1.80× | -14.7% |
| FY2019 | 3.8% | 0.64× | 1.74× | 4.2% |
| FY2018 | 3.3% | 0.79× | 1.88× | 4.9% |
| FY2017 | 14.2% | 1.28× | 2.01× | 36.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$18.48M
- Cash generatingOperating cash flow above zero$114.20M
- Return on assets improvedROA up on the prior year2.3% → 3.3%
- Earnings backed by cashOperating cash flow above net income$114.20M vs $18.48M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.16 → 3.20
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year26.79% → 26.94%
- More efficientAsset turnover rose0.82 → 0.94