A Business at a Glance
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SMITH & WESSON BRANDS, INC.
SWBI
$655M
Mkt Cap
$14.64
+1.46%
SMITH & WESSON BRANDS, INC. (SWBI) has a current P/E ratio of 63.7, compared to its historical median P/E of 13.3. The stock is currently considered Expensive based on its historical valuation range.
SMITH & WESSON BRANDS, INC. (SWBI) has a 5-year average return on invested capital (ROIC) of 41.5%. This indicates strong capital allocation and a potential competitive advantage.
SMITH & WESSON BRANDS, INC. (SWBI) has a market capitalization of $651M. It is classified as a small-cap stock.
Yes, SMITH & WESSON BRANDS, INC. (SWBI) pays a dividend with a trailing twelve-month yield of 3.55%. The company also returns capital through share buybacks, with a buyback yield of 3.91%.
Based on historical P/E analysis, SMITH & WESSON BRANDS, INC. (SWBI) appears expensive. The current P/E of 63.7 is 378% above its historical median of 13.3. The estimated fair value CAGR (P/E method) is -6.1%.
SMITH & WESSON BRANDS, INC. (SWBI) operates in the Ordnance & Accessories, (No Vehicles/Guided Missiles) industry, within the Industrials sector.
We are one of the world’s leading manufacturers and designers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, pistol caliber carbines, and lever-action rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We sell our products under the Smith & Wesson and Gemtech brands. We manufacture our products at our facilities in Maryville, Tennessee; Springfield, Massachusetts; and Houlton, Maine. We also sell our manufacturing services under our Smith & Wesson and Smith & Wesson Precision Components brands to other businesses to attempt to level-load our factories.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 475M | 536M | 479M | 864M | 1.1B |
| Net Income | 0 | 13M | 41M | 37M | 194M | 252M |
| EPS | $0.00 | $0.30 | $0.89 | $0.80 | $4.08 | $4.55 |
| Free Cash Flow | 0 | -29M | 16M | -73M | 114M | 293M |
| ROIC | 0.0% | 4.4% | 10.1% | 11.4% | 82.4% | 98.9% |
| Gross Margin | - | 26.8% | 29.5% | 32.2% | 43.3% | 42.4% |
| Debt/Equity | 0.08 | 0.10 | 0.09 | 0.10 | 0.11 | 0.15 |
| Dividends/Share | $0.00 | $0.52 | $0.48 | $0.40 | $0.32 | $0.15 |
| Operating Income | 0 | 24M | 47M | 48M | 252M | 320M |
| Operating Margin | 0.0% | 5.0% | 8.8% | 10.1% | 29.1% | 30.2% |
| ROE | 0.0% | 3.5% | 10.5% | 9.9% | 62.0% | 77.1% |
| Shares Outstanding | 44M | 45M | 46M | 46M | 48M | 55M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 627M | 552M | 723M | 903M | 607M | 481M | 530M | 1.1B | 864M | 479M | 536M | 475M | 0 |
| Gross Margin | 41.3% | 35.3% | 40.6% | 41.5% | 32.3% | 30.4% | 31.3% | 42.4% | 43.3% | 32.2% | 29.5% | 26.8% | N/A |
| R&D | 5.6M | 6.9M | 10M | 10M | 11M | 8.0M | 7.4M | 7.5M | 7.3M | 7.6M | 7.3M | 9.6M | 9.6M |
| SG&A | 69M | 62M | 83M | 116M | 102M | 67M | 66M | 79M | 72M | 62M | 63M | 55M | 55M |
| EBIT | 151M | 90M | 159M | 200M | 27M | 44M | 50M | 320M | 252M | 48M | 47M | 24M | 0 |
| Op. Margin | 24.1% | 16.2% | 21.9% | 22.1% | 4.5% | 9.0% | 9.5% | 30.2% | 29.1% | 10.1% | 8.8% | 5.0% | 0.0% |
| Net Income | 89M | 50M | 94M | 128M | 20M | 18M | -61M | 252M | 194M | 37M | 41M | 13M | 0 |
| Net Margin | 14.3% | 9.0% | 13.0% | 14.2% | 3.3% | 3.8% | -11.6% | 23.8% | 22.5% | 7.7% | 7.7% | 2.8% | 0.0% |
| Non-Recurring | -150K | -267K | -256K | -99K | 238K | 11M | 98M | -154K | 9.7M | 8.3M | 13M | 3.7M | 3.7M |
| Returns on Capital | |||||||||||||
| ROIC | 109.5% | 45.4% | 74.7% | 58.8% | 7.7% | 7.7% | 9.4% | 98.9% | 82.4% | 11.4% | 10.1% | 4.4% | 0.0% |
| ROE | 51.3% | 27.5% | 37.4% | 36.5% | 4.9% | 4.2% | -14.7% | 77.1% | 62.0% | 9.9% | 10.5% | 3.5% | 0.0% |
| ROA | 25.2% | 11.4% | 16.9% | 18.2% | 2.6% | 2.4% | -8.2% | 42.9% | 41.2% | 7.1% | 7.4% | 2.4% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 90M | 115M | 169M | 124M | 62M | 57M | 95M | 315M | 138M | 17M | 107M | -7.2M | 0 |
| Free Cash Flow | 37M | 87M | 139M | 89M | 43M | 26M | 82M | 293M | 114M | -73M | 16M | -29M | 0 |
| Owner Earnings | 60M | 78M | 121M | 65M | 1.8M | 21M | 60M | 279M | 103M | -20M | 68M | -47M | -39M |
| CapEx | 53M | 28M | 29M | 35M | 18M | 31M | 12M | 22M | 24M | 90M | 91M | 22M | 0 |
| Maint. CapEx | 22M | 31M | 41M | 50M | 52M | 29M | 32M | 32M | 30M | 31M | 33M | 32M | 32M |
| Growth CapEx | 32M | 0 | 0 | 0 | 0 | 1.8M | 0 | 0 | 0 | 58M | 58M | 0 | 0 |
| D&A | 22M | 31M | 41M | 50M | 52M | 29M | 32M | 32M | 30M | 31M | 33M | 32M | 32M |
| CapEx/OCF | 59.1% | 24.6% | 17.5% | 28.2% | 30.0% | 59.1% | 13.1% | 7.0% | 17.4% | 535.3% | 85.0% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.2M | 15M | 18M | 22M | 23M | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.1% | 1.8% | 3.8% | 3.9% | 4.3% | N/A |
| Share Buybacks | 116M | 30M | 0 | 50M | 0 | 0 | 0 | 110M | 90M | 0 | 10M | 25M | 25M |
| Buyback Yield | 15.6% | 4.4% | N/A | 4.8% | N/A | N/A | N/A | 13.4% | 16.0% | N/A | 1.4% | 6.3% | 3.9% |
| Stock-Based Comp | 8.2M | 5.8M | 6.5M | 8.6M | 7.8M | 6.9M | 2.4M | 4.7M | 4.5M | 5.1M | 5.7M | 7.6M | 7.6M |
| Debt Repayment | 45M | 100M | 105M | 56M | 181M | 81M | 225M | 185M | 0 | 0 | 35M | 35M | 35M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | -185M | -55M | N/A | 5.1M | -84M | -73M | -82M | -15M | -24M | 10M | 6.5M |
| Cash & Equiv. | 69M | 42M | 191M | 62M | 49M | 41M | 125M | 113M | 121M | 54M | 61M | 25M | 23M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 45M | 40M | 39M | 38M | 37M | 35M | 34M | 30M |
| Debt/Equity | 1.29 | 1.53 | 0.02 | 0.02 | 0.76 | 0.10 | 0.11 | 0.15 | 0.11 | 0.10 | 0.09 | 0.10 | 0.08 |
| Interest Coverage | 12.3 | 7.9 | 11.6 | 26.1 | 2.5 | 4.6 | 24.0 | 159.8 | 113.4 | 25.5 | 24.8 | 13.3 | 13.3 |
| Equity | 167M | 194M | 308M | 393M | 422M | 444M | 387M | 266M | 361M | 385M | 400M | 372M | 363M |
| Total Assets | 382M | 491M | 620M | 788M | 745M | 767M | 730M | 446M | 497M | 541M | 577M | 560M | 538M |
| Total Liabilities | 215M | 297M | 312M | 395M | 323M | 322M | 342M | 180M | 137M | 157M | 178M | 187M | 175M |
| Intangibles | 3.4M | 74M | 63M | 141M | 113M | 92M | 4.4M | 4.4M | 3.6M | 3.6M | 2.6M | 2.4M | 2.2M |
| Retained Earnings | 98M | 147M | 241M | 369M | 389M | 403M | 342M | 325M | 505M | 523M | 542M | 533M | 363M |
| Working Capital | 147M | 116M | 211M | 167M | 170M | 187M | 263M | 143M | 239M | 205M | 193M | 211M | 203M |
| Current Assets | 239M | 197M | 333M | 318M | 270M | 299M | 393M | 268M | 328M | 292M | 287M | 277M | 262M |
| Current Liabilities | 93M | 81M | 123M | 151M | 101M | 111M | 130M | 126M | 89M | 87M | 94M | 67M | 58M |
| Per Share Data | |||||||||||||
| EPS | 1.49 | 0.90 | 1.68 | 2.25 | 0.37 | 0.33 | -1.10 | 4.55 | 4.08 | 0.80 | 0.89 | 0.30 | 0.00 |
| Owner EPS | 1.01 | 1.42 | 2.16 | 1.14 | 0.03 | 0.38 | 1.09 | 5.04 | 2.16 | -0.43 | 1.47 | -1.04 | -0.89 |
| Book Value | 2.78 | 3.53 | 5.50 | 6.92 | 7.76 | 7.97 | 6.95 | 4.81 | 7.56 | 8.34 | 8.60 | 8.32 | 8.17 |
| Cash Flow/Share | 1.51 | 2.08 | 3.01 | 2.17 | 1.13 | 1.02 | 1.70 | 5.69 | 2.89 | 0.36 | 2.30 | -0.16 | 0.72 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.15 | 0.32 | 0.40 | 0.48 | 0.52 | 0.00 |
| Shares Out. | 59.9M | 55.1M | 55.9M | 56.8M | 54.4M | 55.8M | 55.7M | 55.4M | 47.7M | 46.1M | 46.5M | 44.8M | 44.5M |
| Valuation | |||||||||||||
| P/E Ratio | 8.3 | 13.8 | 10.9 | 8.2 | 25.1 | 25.2 | N/A | 3.3 | 2.9 | 13.3 | 17.7 | 30.3 | N/A |
| P/FCF | 15.5 | 6.1 | 5.6 | 9.1 | 9.0 | 13.6 | 4.2 | 2.8 | 5.0 | N/A | 45.8 | N/A | N/A |
| EV/EBIT | 5.1 | 9.1 | 6.3 | 6.0 | 23.5 | 15.0 | 7.5 | 2.3 | 1.8 | 9.6 | 15.1 | 19.3 | N/A |
| Price/Book | 4.5 | 3.5 | 3.3 | 2.7 | 1.2 | 1.0 | 0.9 | 3.1 | 1.6 | 1.3 | 1.8 | 1.1 | 1.8 |
| Price/Sales | 0.9 | 1.0 | 1.3 | 1.2 | 1.2 | 0.9 | 0.6 | 0.7 | 0.9 | 1.0 | 1.1 | 1.1 | N/A |
| FCF Yield | 5.0% | 12.6% | 13.6% | 8.5% | 8.5% | 5.7% | 23.9% | 35.8% | 20.2% | -14.8% | 2.2% | -7.1% | N/A |
| Market Cap | 744M | 687M | 1.0B | 1.0B | 505M | 463M | 344M | 820M | 564M | 491M | 732M | 407M | 651M |
| Avg. Price | 7.53 | 7.93 | 12.47 | 15.23 | 10.07 | 7.75 | 5.42 | 13.59 | 17.22 | 10.45 | 12.28 | 11.99 | 14.64 |
| Year-End Price | 9.54 | 9.58 | 14.04 | 14.18 | 7.13 | 6.38 | 6.19 | 14.81 | 11.83 | 10.65 | 15.76 | 9.10 | 14.64 |
SMITH & WESSON BRANDS, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
SMITH & WESSON BRANDS, INC. trades at 63.7x trailing earnings, compared to its 15-year median P/E of 13.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 30.6x vs a median of 7.3x. The company's 5-year average ROIC is 41.5% with a gross margin of 34.9%. Total shareholder yield (dividends + buybacks) is 7.5%. At current prices, the estimated annualized return to fair value is -26.6%.
SMITH & WESSON BRANDS, INC. (SWBI) reported annual revenue of $475 million in its most recent fiscal year, based on SEC EDGAR filings.
SMITH & WESSON BRANDS, INC. (SWBI) has a net profit margin of 2.8%. This is a modest margin.
SMITH & WESSON BRANDS, INC. (SWBI) generated $-29 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SMITH & WESSON BRANDS, INC. (SWBI) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
SMITH & WESSON BRANDS, INC. (SWBI) reported earnings per share (EPS) of $0.30 in its most recent fiscal year.
SMITH & WESSON BRANDS, INC. (SWBI) has a return on equity (ROE) of 3.5%. This indicates moderate shareholder returns.
SMITH & WESSON BRANDS, INC. (SWBI) has a 5-year average gross margin of 34.9%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for SMITH & WESSON BRANDS, INC. (SWBI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SMITH & WESSON BRANDS, INC. (SWBI) has a book value per share of $8.32, based on its most recent annual SEC filing.