stockrowStran & Company, Inc.
SWAG Communication Services Advertising Agencies
Stran & Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $116.2 million, up 40.6% from fiscal 2024.
- Revenue
- +2.40%
- EPS
- −33.3%
- Free cash flow
- −94.4%
- Total debt
- −45.0%
Quarter to June 2026, against a year earlier
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Stran & Company, Inc. (SWAG) Beneish M-score
Stran & Company, Inc.'s Beneish M-score for fiscal 2025 is −1.87; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −1.87 | 1.03 |
| FY2024 | −2.90 | (0.99) |
| FY2023 | −1.91 | 0.39 |
| FY2022 | −2.30 | (0.74) |
| FY2021 | −1.57 | (0.70) |
| FY2020 | −0.87 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.66 | — | 0.60 | |
| Gross margin index | 1.06 | — | 0.56 | |
| Asset quality index | 1.23 | — | 0.50 | |
| Sales growth index | 1.41 | — | 1.25 | |
| Depreciation index | 0.90 | — | 0.10 | |
| SG&A index | 0.84 | — | −0.14 | |
| Total accruals to total assets | 0.08 | — | 0.37 | |
| Leverage index | 0.84 | — | −0.27 | |
| Beneish M-score | Elevated | −1.87 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| CDLX Cardlytics, Inc. compare | −4.6× |
| IZEA IZEA WORLDWIDE, INC. compare | −3.1× |
| TSQ Townsquare Media, Inc. compare | −2.9× |
| DLPN Dolphin Digital Media Inc. compare | −2.4× |
| ACCS ACCESS Newswire Inc. compare | −2.4× |
| SWAG Stran & Company, Inc. | −1.9× |
| EDHL Everbright Digital Holding Limited compare | −0.4× |
| TC Token Cat Limited - Sponsored ADR compare | 17.9× |
| MF MindForge Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI