| Line Item | 2026-04-30 | Y/Y |
|---|---|---|
| Revenue | $523.8M | +10.4% |
| Cost of Revenue | $382.7M | +10.1% |
| Gross Profit | $141.1M | +10.9% |
| R&D Expense | $10.3M | +7.7% |
| SG&A Expense | $60.0M | +9.2% |
| Operating Income | $29.2M | +22.3% |
| Pre-tax Income | $25.1M | +30.3% |
| Income Tax | $6.6M | +13.2% |
| Net Income | $18.5M |
| Line Item | 2026-04-30 | Y/Y |
|---|---|---|
| Cash & Equivalents | $28.2M | +11.7% |
| Accounts Receivable | $40.0M | -28.4% |
| Current Assets | $241.4M | -12.9% |
| Total Assets | $512.8M | -8.4% |
| Current Liabilities | $75.4M | +13.1% |
| Total Liabilities | $136.2M | -27.2% |
| Stockholders' Equity | $376.6M | +1.1% |
| Line Item | 2026-04-30 | Y/Y |
|---|---|---|
| Operating Cash Flow | $114.2M | +1681.0% |
| Capital Expenditures | $23.7M | +9.9% |
| Investing Cash Flow | -$28.2M | -47.3% |
| Financing Cash Flow | -$83.0M | -801.0% |
| Free Cash Flow | $90.4M | +413.7% |
Business Overview
Smith & Wesson Brands, Inc. is one of the world's leading manufacturers and designers of firearms, including handguns, long guns, and firearm-related products sold under the Smith & Wesson and Gemtech brands. The company's strategy focuses on driving organic growth through innovative new products, designing high-quality offerings that drive customer satisfaction, streamlining operations, and maximizing return on invested capital. Key developments include the relocation of headquarters and operations to Maryville, Tennessee (completed in 2023), expansion into new product categories such as lever-action rifles (Model 1854 in 2024) and pistol caliber carbines, and investments in ERP systems and manufacturing capabilities.
Forward Guidance
"our plan to continue to introduce new products in fiscal 2027"; "our current expectation that we will spend between $40.0 million to $45.0 million on capital expenditures in fiscal 2027"; "our expectation that our inventory levels will increase modestly during fiscal 2027"; "our expectation that inflation will continue to impact us during fiscal 2027"; "our belief that, based upon our current working capital position, current operating plans, and expected business conditions, our existing capital resources and credit facilities will be adequate to fund our operations for the next 12 months"
Key Risk Factors
The company faces material risks including exposure to extensive firearms regulation and potential increased government regulation; dependence on brand recognition and reputation in a highly competitive market; supply chain vulnerabilities and exposure to tariffs and inflationary pressures; difficulty attracting and retaining qualified personnel in a challenging talent market for firearm businesses; and vulnerability to product liability litigation, recalls, and lawsuits. Additional risks include cybersecurity threats, potential business disruptions from operating facility challenges, forecasting demand volatility, and exposure to political and social factors affecting consumer demand.
| +37.7% |
| EPS (Basic) | $0.42 | +40.0% |
| EPS (Diluted) | $0.41 | +36.7% |