Smith & Wesson Brands Inc
SWBI—
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Smith & Wesson Brands Inc AI Insights
Informational only. Not investment advice.Snapshot
- EPS TTM of $0.17 down 59% YoY and 42% over 3Y - severe earnings deterioration despite stable gross margins at 26%[EPS Growth 1Y]
- Inventory up $20M (change in inventory) while revenue down 13% over 5Y - demand mismatch building working capital drag[Change in Inventory]
- Dividend payout ratio 5Y avg of 91% vs industry median 25% - unsustainable given declining EPS trajectory[Dividend Payout Ratio Avg 5Y]
Watch Triggers
- Change in Inventory: Turns negative (inventory drawdown) — Signals demand absorbing excess supply - first sign of cycle turn
- Operating Margin TTM: Rises above 7% (industry median) — Would indicate pricing power returning and cost structure right-sized
- Dividends Paid Per Share TTM: Cut below $0.30/share — Would free $10M+ cash but signal management capitulation on outlook
Bull Case
Tangible book value of $342M vs $477M market cap = 0.72x P/TBV with minimal goodwill ($19M, 5% of equity) - hard asset floor
Tangible Book ValueGoodwillP/B Ratio
FCF positive at $21M TTM despite downcycle; capex of $29M maintains manufacturing base for demand recovery
Free Cash Flow TTMCapital Expenditure TTM
Bear Case
P/E of 61x vs industry median 24x for a company with -46% 5Y EPS CAGR - priced for turnaround not yet visible
P/E RatioEPS Growth 5Y
Dividend of $0.52/share requires $23M vs $21M FCF and $9M net income - likely cut ahead without earnings recovery
Dividends Paid Per Share TTMFree Cash Flow TTMNet Income TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Earnings likely to remain pressured until inventory normalizes and demand stabilizes
1-3ymed
- Inventory at $183M vs $466M revenue = 143 days on hand
- Operating margin 3.6% vs industry median 7.2%
- Revenue down 13% over 5Y with no inflection signs
EPS declined 42% 3Y, 46% 5Y CAGRInventory increased $20M TTMFCF of $21M barely covers $23M dividends
Valuation Context
Caveats
Public Strategies Rankings
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SWBI Fundamentals
Manufacturing → Fabricated Metal Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$669.78M | — | ||
$759.88M | — | ||
62 | — | ||
$486.22M | -1.4% | — | |
$0.24 | -60.9% | — | |
4.27% | -2.2% | — | |
2.24% | -3.8% | — | |
$54.14M | — | ||
2.99% | -5.1% | — | |
Beta 5Y (Monthly) | unknown | — |
SWBI Dividend History
23 dividends
2026
$0.130003/19/26$0.1300
2025
$0.520012/18/25$0.1300
09/18/25$0.1300
07/07/25$0.1300
03/20/25$0.1300
2024
$0.510012/19/24$0.1300
09/19/24$0.1300
07/11/24$0.1300
03/20/24$0.1200
2023
$0.460012/20/23$0.1200
09/20/23$0.1200
07/12/23$0.1200
03/15/23$0.1000
2022
$0.380012/19/22$0.1000
09/21/22$0.1000
07/06/22$0.1000
03/16/22$0.0800
2021
$0.290012/15/21$0.0800
09/13/21$0.0800
06/30/21$0.0800
03/16/21$0.0500
2020
$0.100012/16/20$0.0500
09/16/20$0.0500
SWBI Stock Splits
No stock splits
SWBI SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
03/05/26 | 01/31/26 | 10-Q | |
12/04/25 | 10/31/25 | 10-Q | |
09/04/25 | 07/31/25 | 10-Q | |
06/20/25 | 04/30/25 | Unknown | |
03/06/25 | 01/31/25 | 10-Q | |
12/05/24 | 10/31/24 | 10-Q | |
09/05/24 | 07/31/24 | 10-Q | |
06/20/24 | 04/30/24 | 10-K | |
03/07/24 | 01/31/24 | 10-Q | |
12/07/23 | 10/31/23 | 10-Q | |
09/07/23 | 07/31/23 | 10-Q | |
06/22/23 | 04/30/23 | 10-K | |
03/09/23 | 01/31/23 | 10-Q | |
12/06/22 | 10/31/22 | 10-Q | |
09/08/22 | 07/31/22 | 10-Q | |
06/23/22 | 04/30/22 | 10-K | |
03/03/22 | 01/31/22 | 10-Q | |
12/02/21 | 10/31/21 | 10-Q | |
09/01/21 | 07/31/21 | 10-Q | |
06/17/21 | 04/30/21 | 10-K | |
03/04/21 | 01/31/21 | 10-Q | |
12/03/20 | 10/31/20 | 10-Q | |
09/03/20 | 07/31/20 | 10-Q | |
06/19/20 | 04/30/20 | 10-K | |
03/05/20 | 01/31/20 | 10-Q | |
12/05/19 | 10/31/19 | 10-Q | |
08/29/19 | 07/31/19 | 10-Q | |
06/19/19 | 04/30/19 | 10-K | |
03/07/19 | 01/31/19 | 10-Q | |
12/06/18 | 10/31/18 | 10-Q | |
08/30/18 | 07/31/18 | 10-Q | |
06/20/18 | 04/30/18 | 10-K | |
03/01/18 | 01/31/18 | 10-Q | |
12/07/17 | 10/31/17 | 10-Q | |
09/07/17 | 07/31/17 | 10-Q | |
06/29/17 | 04/30/17 | 10-K | |
03/02/17 | 01/31/17 | 10-Q | |
12/01/16 | 10/31/16 | 10-Q | |
09/01/16 | 07/31/16 | 10-Q | |
06/16/16 | 04/30/16 | 10-K | |
03/03/16 | 01/31/16 | 10-Q | |
12/08/15 | 10/31/15 | 10-Q | |
08/27/15 | 07/31/15 | 10-Q | |
06/22/15 | 04/30/15 | 10-K | |
03/03/15 | 01/31/15 | 10-Q | |
12/04/14 | 10/31/14 | 10-Q | |
08/26/14 | 07/31/14 | 10-Q | |
06/19/14 | 04/30/14 | 10-K | |
03/04/14 | 01/31/14 | 10-Q | |
12/10/13 | 10/31/13 | 10-Q | |
09/05/13 | 07/31/13 | 10-Q | |
06/25/13 | 04/30/13 | 10-K | |
03/05/13 | 01/31/13 | 10-Q | |
12/06/12 | 10/31/12 | 10-Q | |
09/06/12 | 07/31/12 | 10-Q | |
06/28/12 | 04/30/12 | 10-K | |
03/08/12 | 01/31/12 | 10-Q | |
12/08/11 | 10/31/11 | 10-Q | |
09/07/11 | 07/31/11 | 10-Q | |
06/30/11 | 04/30/11 | 10-K | |
03/10/11 | 01/31/11 | 10-Q | |
12/08/10 | 10/31/10 | 10-Q | |
09/09/10 | 07/31/10 | 10-Q | |
07/01/10 | 04/30/10 | 10-K | |
03/11/10 | 01/31/10 | 10-Q | |
12/10/09 | 10/30/09 | 10-Q | |
09/09/09 | 07/31/09 | 10-Q | |
06/30/09 | 04/30/09 | 10-K | |
03/12/09 | 01/28/09 | 10-Q | |
12/15/08 | 10/30/08 | Unknown | -- |
09/09/08 | 07/31/08 | 10-Q | |
06/30/08 | 04/30/08 | 10-K | |
03/10/08 | 01/29/08 | Unknown | -- |
12/10/07 | 10/30/07 | Unknown | -- |
09/10/07 | 07/31/07 | 10-Q | |
07/16/07 | 04/30/07 | 10-K | |
03/19/07 | 01/28/07 | Unknown | -- |
12/11/06 | 10/30/06 | Unknown | -- |
09/08/06 | 07/31/06 | 10-Q | |
07/14/06 | 04/30/06 | 10-K | |
03/17/06 | 01/28/06 | Unknown | -- |
12/20/05 | 10/30/05 | Unknown | -- |
09/14/05 | 07/31/05 | 10-Q | |
08/15/05 | 04/30/05 | NT 10-K | |
03/10/05 | 01/28/05 | Unknown | -- |
12/10/04 | 10/30/04 | Unknown | -- |
09/10/04 | 07/31/04 | 10-Q | |
07/16/04 | 04/30/04 | 10-K | |
03/16/04 | 01/29/04 | Unknown | -- |
01/09/04 | 10/30/03 | Unknown | -- |
01/09/04 | 07/31/03 | 10-Q | |
04/30/03 | 04/30/03 | 11-K | |
01/31/03 | 01/28/03 | Unknown | -- |
10/31/02 | 10/30/02 | Unknown | -- |
07/31/02 | 07/31/02 | 10QSB | |
04/30/02 | 04/30/02 | 10KSB | |
03/18/02 | 01/28/02 | 10QSB | |
12/17/01 | 10/30/01 | 10QSB | |
09/14/01 | 07/31/01 | 10QSB | |
03/31/01 | 03/30/01 | Unknown | -- |
04/02/01 | 12/31/00 | 10KSB | |
11/16/00 | 09/30/00 | 10QSB | |
08/16/00 | 06/30/00 | 10QSB | |
05/19/00 | 03/30/00 | 10QSB |