Friday 6 November 2026
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Smith & Wesson Brands, Inc.
SWBI Industrials Aerospace & Defense
Smith & Wesson Brands, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $523.8 million, up 10.4% from fiscal 2025.
- Revenue
- +32.3%
- EPS
- +175.0%
- Free cash flow
- −67.5%
- Total debt
- −44.4%
Quarter to July 2026, against a year earlier
14.27
0.22
−1.52%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 903 | 607 | 481 | 530 | 1,059 | 864 | 479 | 536 | 475 | 524 | 551 | (5.9%) | 559 | 572 | — | +4.5% | |
| Gross margin, % | 41.55 | 32.26 | 30.39 | 31.28 | 42.39 | 43.35 | 32.25 | 29.50 | 26.79 | 26.94 | 27.44 | (14.6) pt | ||||||
| EBT | 191 | 18 | 34 | 39 | 318 | 252 | 48 | 52 | 19 | 25 | 33 | (20.2%) | ||||||
| EBT margin, % | 21.18 | 2.90 | 7.11 | 7.40 | 30.02 | 29.21 | 10.06 | 9.65 | 4.05 | 4.79 | 6.02 | (16.4) pt | ||||||
| Net income | 128 | 20 | 25 | 28 | 244 | 194 | 37 | 41 | 13 | 18 | 24 | (19.3%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 16.15 | 11.23 | 8.83 | 9.63 | 19.39 | 18.30 | 10.45 | 11.70 | 10.67 | 11.79 | 12.31 | (3.4%) | |||||
| Earnings | 2.29 | 0.37 | 0.34 | (1.11) | 4.62 | 4.12 | 0.80 | 0.86 | 0.30 | 0.42 | 0.54 | (17.2%) | ||||||
| Cash flow | 2.21 | 1.14 | 1.05 | 1.72 | 5.77 | 2.92 | 0.37 | 2.33 | (0.16) | 2.57 | 2.53 | +1.7% | ||||||
| Capex | (0.63) | (0.35) | (0.55) | (0.23) | (0.41) | (0.51) | (1.96) | (1.78) | (0.43) | (0.53) | (0.70) | (2.0%) | ||||||
| Free cash flow | 1.57 | 0.79 | 0.50 | 1.49 | 5.37 | 2.41 | (1.59) | 0.55 | (0.59) | 2.04 | 1.84 | +2.9% | ||||||
| Book value | 7.03 | 7.81 | 8.16 | 7.04 | 4.88 | 7.63 | 8.39 | 8.73 | 8.37 | 8.48 | 8.35 | +2.1% | ||||||
| Shares, m | 56 | 54 | 54 | 55 | 55 | 47 | 46 | 46 | 44 | 44 | 45 | (2.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 8.63 | 26.16 | 25.50 | 0.00 | 3.74 | 3.47 | 15.10 | 19.73 | 34.04 | 38.85 | 26.43 | 17.5 | |||||
| P/S | 1.20 | 0.86 | 0.98 | 0.86 | 0.90 | 0.78 | 1.16 | 1.45 | 0.89 | 1.32 | 1.16 | 1.0 | ||||||
| P/B | 2.75 | 1.24 | 1.06 | 1.18 | 3.57 | 1.86 | 1.44 | 1.94 | 1.14 | 1.83 | 1.71 | 1.8 | ||||||
| EV/Sales | 1.37 | 1.13 | 1.31 | 1.15 | 0.90 | 0.77 | 1.33 | 1.62 | 1.24 | 1.50 | 1.38 | 1.2 | ||||||
| EV/FCF | 14.04 | 16.04 | 23.14 | 7.42 | 3.25 | 5.82 | (8.72) | 34.33 | (22.13) | 8.65 | 9.26 | 8.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 124 | 62 | 57 | 95 | 315 | 138 | 17 | 107 | (7) | 114 | 113 | (0.9%) | |||||
| Capex | (36) | (19) | (30) | (13) | (22) | (24) | (90) | (81) | (19) | (24) | (31) | (4.4%) | ||||||
| Free cash flow | 88 | 43 | 27 | 82 | 293 | 114 | (73) | 25 | (26) | 91 | 82 | +0.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 167 | 170 | 187 | 263 | 143 | 239 | 205 | 193 | 211 | 166 | 179 | (0.1%) | |||||
| Net debt | 155 | 160 | 160 | 74 | (74) | (83) | 8 | 14 | 88 | 18 | 46 | (21.3%) | ||||||
| Shareholders’ equity | 393 | 422 | 444 | 387 | 266 | 361 | 385 | 400 | 372 | 377 | 374 | (0.5%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 18.17 | 2.63 | 2.44 | (8.18) | 42.87 | 41.21 | 7.10 | 7.39 | 2.36 | 3.45 | 4.54 | (14.7) pt | |||||
| ROIC | 22.78 | 2.90 | 4.50 | 6.82 | 103.96 | 56.70 | 7.70 | 7.10 | 3.24 | 4.63 | 5.42 | (18.1) pt | ||||||
| ROE | 36.48 | 4.94 | 4.25 | (14.73) | 77.14 | 62.05 | 9.90 | 10.54 | 3.48 | 4.93 | 6.63 | (31.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,204 | 2,006 | 1,988 | 1,970 | 2,240 | 1,723 | 1,690 | 1,509 | 1,416 | 1,386 | — | (5.0%) | |||||
| Revenue/emp, $m | 0.41 | 0.30 | 0.24 | 0.27 | 0.47 | 0.50 | 0.28 | 0.36 | 0.34 | 0.38 | — | (0.9%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Apr 2026 · latest quarter Jul 2026
Smith & Wesson Brands, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LYNX Lyntris Inc. | $1.3B | — | — | — | — | — | — | — | Compare |
| NPK National Presto Industries, Inc. | $1.0B | 23.7× | 22.5× | +21.71% (above 0%: growing) | +206.94% (above 0%: growing) | +169.47% (above 0%: growing) | 19.47% | 13.24% | Compare |
| RGR Sturm, Ruger & Company, Inc. | $790.9M | 47.8× | — (loss-making) | +16.46% (above 0%: growing) | +260.00% (above 0%: growing) | −281.79% (below 0%: shrinking) | 20.68% | 4.05% | Compare |
| SWBI Smith & Wesson Brands, Inc. | $772.0M | 26.4× | 22.3× | +32.34% (above 0%: growing) | n/m | −67.46% (below 0%: shrinking) | 28.66% | 3.75% | |
| YSS York Space Systems Inc. | $756.8M | — (loss-making) | — (loss-making) | −12.90% (below 0%: shrinking) | n/m | −28.26% (below 0%: shrinking) | 23.97% | (44.64%) | Compare |
| EVEX Eve Holding, Inc. | $547.1M | — (loss-making) | — | — | n/m | +13.25% (above 0%: growing) | 0.00% | 0.00% | Compare |
| ELMT The Elmet Group Co. | $525.1M | — (loss-making) | — | — | n/m | — | 25.01% | (11.49%) | Compare |
| RCAT Red Cat Holdings, Inc. | $520.0M | — (loss-making) | — (loss-making) | +527.18% (above 0%: growing) | n/m | −298.17% (below 0%: shrinking) | 16.15% | (191.42%) | Compare |
| PKE Park Aerospace Corp. | $498.3M | 31.4× | 35.3× | +26.92% (above 0%: growing) | +75.00% (above 0%: growing) | +21.48% (above 0%: growing) | 34.32% | 22.76% | Compare |
| Median of peers | $652.0M | 31.4× | — | +21.71% | +206.94% | −7.50% | 20.68% | 0.00% |
Pay and ownership Proxy statement filed 6 August 2026
Ownership
Directors and executive officers, together
2.30%
BlackRock, Inc.
9.78%
Dimensional Fund Advisors
5.52%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement