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Smith & Wesson Brands, Inc. key statistics and ratios

In fiscal 2026, Smith & Wesson Brands, Inc. had return on equity of 4.9%, an operating margin of 5.6%, debt equal to 0.0% of equity and a current ratio of 3.20. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Apr 20102011Apr 20112012Apr 20122013Apr 20132014Apr 20142015Apr 20152016Apr 20162017Apr 20172018Apr 20182019Apr 20192020Apr 20202021Apr 20212022Apr 20222023Apr 20232024Apr 20242025Apr 20252026Apr 2026LTMJul 2026
Gross margin33.4%30.6%31.0%37.1%41.3%35.3%40.6%41.5%32.3%30.4%31.3%42.4%43.3%32.2%29.5%26.8%26.9%27.4%
Operating margin11.2%5.2%10.9%22.6%24.1%16.2%21.9%22.1%4.5%9.0%9.5%30.2%29.1%10.1%8.8%5.0%5.6%6.6%
Net margin9.1%−24.2%3.9%13.4%14.3%9.0%13.0%14.2%3.3%3.8%−11.6%23.8%22.5%7.7%7.7%2.8%3.5%4.4%
Free-cash-flow margin1.7%5.4%5.7%9.6%5.9%15.7%19.2%9.8%7.1%5.4%15.5%27.7%13.2%−15.2%3.0%−6.1%17.3%14.9%
Return on equity20.5%−66.0%15.7%53.5%51.3%27.5%37.4%36.5%4.9%4.2%−14.7%77.1%62.0%9.9%10.5%3.5%4.9%6.5%
Return on assets—−29.4%5.9%26.7%25.2%11.4%16.9%18.2%2.6%2.4%−8.2%42.9%41.2%7.1%7.4%2.4%3.4%4.7%
Asset turnover—1.221.522.001.771.271.301.280.790.640.711.801.830.920.960.830.981.06
Current ratio—1.662.292.782.582.432.722.112.692.683.032.133.683.353.044.163.203.62
Debt to equity0.0%86.3%44.3%24.0%59.9%87.9%56.2%42.8%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest cover (operating income ÷ interest)8.3x3.1x6.0x23.0x12.3x7.9x11.6x———————————
Effective tax rate39.1%40.3%32.2%36.4%35.2%36.7%35.2%33.2%−14.3%27.1%29.4%23.4%22.9%23.5%20.0%30.2%26.3%26.2%
R&D as % of revenue1.2%1.3%1.1%0.8%0.9%1.3%1.4%1.1%1.9%1.7%1.4%0.7%0.8%1.6%1.4%2.0%2.0%1.8%
Capital spending as % of revenue4.7%5.8%3.3%7.1%8.5%5.1%4.1%3.9%3.0%6.4%2.3%2.1%2.8%18.7%16.9%4.6%4.5%5.7%
Free cash flow ÷ net income19.3%—146.6%72.0%41.3%174.6%148.0%69.4%214.4%142.3%—116.4%58.5%−197.5%38.6%−214.7%489.4%335.3%
Dividends ÷ net income———————————3.3%7.7%49.7%53.2%172.0%125.7%95.3%
Dividends and buybacks ÷ free cash flow———35.3%313.9%34.7%—56.4%——0.0%40.3%92.3%—201.7%—25.7%28.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · July 31, 2026
What it owns · $523m
Short-term assets $247mLonger-term assets $276m
What it owes, and who funded it · $523m
Short-term liabilities $68mLonger-term liabilities $81mShareholders' equity $374m
  • Short-term assets cover short-term liabilities $247m of assets due within a year against $68m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $247m short-term assets against $81m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Smith & Wesson Brands, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

57 /100

Moderate moat

How hard Smith & Wesson Brands's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 17 / 20

    Cash operating profit has been a median 13.3% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 34.0%, moving by 5.6 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 8.8%; its worst year was 4.8%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 1.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 16.1% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (62 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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More: Leisure Products stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Smith & Wesson Brands, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smith & Wesson Brands, Inc.