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. In the quarter to July 2026, revenue grew 32.3%, EPS grew 175.0%, free cash flow fell 67.5% and total debt fell 44.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Smith & Wesson Brands, Inc. (SWBI) Altman Z-score
Smith & Wesson Brands, Inc.'s Altman Z-score for fiscal 2026 is 5.66, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 5.66 | 1.53 |
| FY2025 | 4.13 | (1.41) |
| FY2024 | 5.54 | 0.44 |
| FY2023 | 5.10 | (3.15) |
| FY2022 | 8.24 | (1.06) |
| FY2021 | 9.31 | 6.56 |
| FY2020 | 2.74 | 0.13 |
| FY2019 | 2.61 | (0.18) |
| FY2018 | 2.79 | (1.55) |
| FY2017 | 4.34 | (0.39) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.32 | — | 0.39 | |
| Retained earnings / total assets | 0.73 | — | 1.02 | |
| EBIT / total assets | 0.06 | — | 0.19 | |
| Market value of equity / total liabilities | 5.07 | — | 3.04 | |
| Sales / total assets | 1.02 | — | 1.02 | |
| Altman Z-score | Safe zone | 5.66 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.79 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PKE Park Aerospace Corp. compare | 27.0× |
| RCAT Red Cat Holdings, Inc. compare | 16.2× |
| RGR Sturm, Ruger & Company, Inc. compare | 9.2× |
| TATT TAT Technologies Ltd. compare | 8.4× |
| NPK National Presto Industries, Inc. compare | 7.4× |
| SWBI Smith & Wesson Brands, Inc. | 5.7× |
| SATL Satellogic Inc. compare | −2.2× |
| SPCE Virgin Galactic Holdings, Inc. compare | −5.5× |
| EVEX Eve Holding, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets