SWBINasdaqOrdnance & Accessories, (No Vehicles/Guided Missiles)US GAAP · USD

Smith & Wesson Brands, Inc

Smith & Wesson Brands, Inc. designs and manufactures firearms and firearm-related products in the United States. Its portfolio includes handguns, long guns, suppressors, handcuffs, and related accessories sold under the Smith & Wesson and Gemtech brands, along with manufacturing services for third parties.

Liikevaihto524milj. USD
+10,4 %v/v
Liikevoitto (EBIT)29,2milj. USD
+22,3 %v/v
EBIT-marginaali5,6%
+0,5 %-yks.v/v
Nettotulos18,5milj. USD
+37,7 %v/v
Vapaa kassavirta90,4milj. USD
+413,7 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

02505007501 0001 250milj. USD2021: 1 059 milj. USD2021: EBIT 320 milj. USD20212022: 864 milj. USD2022: EBIT 252 milj. USD20222023: 479 milj. USD2023: EBIT 48 milj. USD20232024: 536 milj. USD2024: EBIT 45 milj. USD20242025: 475 milj. USD2025: EBIT 24 milj. USD20252026: 524 milj. USD2026: EBIT 29 milj. USD202652429
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Handguns55 %

Revolvers and pistols sold under the Smith & Wesson brand.

Long Guns25 %

Modern sporting rifles, pistol caliber carbines, and lever-action rifles.

Other Products & Services20 %

Suppressors, handcuffs, accessories, apparel, and service revenue.

Tuotteet

Raportoitu · osuus liikevaihdosta
75,3%17,3%FY2026100 %
  • Product One75,3 %
  • Product Two17,3 %
  • Other Products and Services7,4 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells through federally licensed distributors, retailers, buying groups, and direct sales channels, with a large share of sales ultimately reaching domestic consumers through firearm licensees. It also serves law enforcement, government, and military customers, and provides manufacturing services to other businesses to utilize factory capacity. International sales are primarily routed through distributors that sell onward to retail stores and government agencies.

Domestic firearm consumers

Individuals buying handguns, long guns, and accessories through federally licensed firearm dealers for sport, collection, home defense, and personal protection.

Commercial distributors and retailers

Wholesale and retail channel partners that buy firearms and accessories for resale into the U.S. consumer market.

Law enforcement and government agencies

Federal, state, and municipal agencies and officers purchasing firearms and related products for duty use.

International distributors and agencies

Overseas channel partners and government buyers that purchase products for local resale or official use.

Business-to-business manufacturing customers

Third-party customers buying forging, machining, heat treating, finishing, and prototyping services.

Strategia

The company’s stated objective is to be the market leader in firearms by leveraging its brands, expanding its product pipeline, and strengthening relationships with distributors, retailers, and buying groups. It also emphasizes high-quality product design, customer satisfaction, and using manufacturing services to improve capacity utilization and diversify revenue. Digital marketing and direct-to-consumer e-commerce are part of its effort to broaden reach beyond traditional channels.

New product introductionLyhyt aikaväli

Fresh SKUs support share gains, channel interest, and brand relevance in a cyclical market.

Brand-led market positioningKeskipitkä aikaväli

Strong brand recognition helps compete on quality, reliability, and price in a crowded firearms market.

Capacity utilization and diversificationKeskipitkä aikaväli

Third-party manufacturing services help level-load factories and diversify revenue sources.

Maantiede

2025

The company manufactures in Maryville, Tennessee; Springfield, Massachusetts; and Houlton, Maine, with prior operations at Deep River, Connecticut discontinued. Sales are primarily U.S.-based, while international sales are routed mainly through distributors and represented about 5% of net sales in fiscal 2025. Geography matters because the business is tightly tied to U.S. firearms regulation, domestic consumer demand, and a smaller but meaningful export channel.

Other countries (US filing)64 %
Asia18 %
Europe15 %
Latin America3,2 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business is exposed to sharp swings in firearm demand driven by regulation, elections, crime concerns, and broader social and political conditions. It also faces product liability, recall, cybersecurity, supply-chain, and inventory-obsolescence risks, all of which can affect production continuity and brand reputation. Because sales are concentrated through a small number of distributors and a heavily regulated channel structure, channel disruption or legal changes can quickly affect results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Demand volatility1Product liability and recalls2Regulatory and legislative change3Cybersecurity and data protection4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Demand volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Consumer and channel demand can surge or fall based on elections, social conditions, and industry events.

    Kohdistuu: Handguns and long guns

  2. Product liability and recallsVaikutus: KorkeaTodennäköisyys: Korkea

    Defects or safety issues can create legal claims, repair costs, and reputational damage in a safety-sensitive industry.

    Kohdistuu: Firearms and suppressors

  3. Regulatory and legislative changeVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Firearms are tightly regulated, so changes in federal, state, or local rules can limit sales, distribution, or product design.

    Kohdistuu: U.S. firearms manufacturing and sales

  4. Cybersecurity and data protectionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operational systems and customer data could be disrupted, stolen, or manipulated by cyber incidents.

    KohdistuuIT systemsE-commerceCustomer records
  5. Distributor concentrationVaikutus: Keskitaso

    A small number of commercial distributors account for a large share of sales, increasing channel dependence.

    Kohdistuu: U.S. wholesale channel

Kirjanpito

Harkinnanvaraiset erät
Inventory valuation and obsolescence

Inventories are carried at lower of cost or net realizable value, and excess stock can require reserves.

Vaikutus: Can materially affect gross margin and reported earnings

Seasonality and quarterly comparability

Sales typically peak in the fourth fiscal quarter, affecting revenue, production, and inventory build.

Vaikutus: Can distort quarter-to-quarter trend analysis

Warranty and service accruals

Limited warranty and lifetime service policies require estimates for future repair costs.

Vaikutus: Affects operating expenses and liabilities

Restructuring and facility exit accounting

Plant closures and relocations can generate charges for severance, exit costs, and asset write-offs.

Vaikutus: Can create one-time expense volatility

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026