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Smith & Wesson Brands vs Wrap Technologies: revenue, profit, margins and growth compared

Smith & Wesson Brands brought in $523.8M of revenue in fiscal 2026, Wrap Technologies $4.7M in fiscal 2025. Revenue changed by +10.4% at Smith & Wesson Brands and +3.7% at Wrap Technologies on the year before, so Smith & Wesson Brands grew faster. Smith & Wesson Brands kept 3.5% of its revenue as net profit, Wrap Technologies -221.2%. Free cash flow was $90.4M at Smith & Wesson Brands and -$10.4M at Wrap Technologies.

Side by side, latest fiscal year

SWBIWRAP
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$523.8M$4.7M
Revenue growth+10.4%+3.7%
Net income$18.5M-$10.3M
Net margin3.5%-221.2%
Free cash flow$90.4M-$10.4M
Free cash flow margin17.3%-222.4%
Earnings per share (diluted)$0.41-$0.22
Cash$28.2M$3.5M
Debtn/an/a
Price to earnings34.8n/a
Market value$639.4M$81.2M
Dividend yield3.65%n/a
Rank by revenue in sector#316 of 451 · Industrials#434 of 451 · Industrials

Over the years

Revenue
SWBI FY2019: $481.3MSWBI FY2020: $529.6MSWBI FY2021: $1.1BSWBI FY2022: $864.1MSWBI FY2023: $479.2MSWBI FY2024: $535.8MSWBI FY2025: $474.7MSWBI FY2026: $523.8MWRAP FY2018: $23.2KWRAP FY2019: $696.8KWRAP FY2020: $3.9MWRAP FY2021: $7.7MWRAP FY2022: $8MWRAP FY2023: $6.1MWRAP FY2024: $4.5MWRAP FY2025: $4.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
SWBI $523.8MWRAP $4.7M
Net income
SWBI FY2019: $18.4MSWBI FY2020: -$61.2MSWBI FY2021: $252MSWBI FY2022: $194.5MSWBI FY2023: $36.9MSWBI FY2024: $41.4MSWBI FY2025: $13.4MSWBI FY2026: $18.5MWRAP FY2018: -$3.3MWRAP FY2019: -$8.3MWRAP FY2020: -$12.6MWRAP FY2021: -$24.4MWRAP FY2022: -$17.6MWRAP FY2023: -$30.2MWRAP FY2024: -$5.9MWRAP FY2025: -$10.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
SWBI $18.5MWRAP -$10.3M
Net margin
SWBI FY2019: 3.8%SWBI FY2020: -11.6%SWBI FY2021: 23.8%SWBI FY2022: 22.5%SWBI FY2023: 7.7%SWBI FY2024: 7.7%SWBI FY2025: 2.8%SWBI FY2026: 3.5%WRAP FY2018: -14,412.2%WRAP FY2019: -1,194.8%WRAP FY2020: -319.0%WRAP FY2021: -316.3%WRAP FY2022: -218.9%WRAP FY2023: -492.7%WRAP FY2024: -130.4%WRAP FY2025: -221.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
SWBI 3.5%WRAP -221.2%
Revenue growth
SWBI FY2020: +10.0%SWBI FY2021: +100.0%SWBI FY2022: -18.4%SWBI FY2023: -44.5%SWBI FY2024: +11.8%SWBI FY2025: -11.4%SWBI FY2026: +10.4%WRAP FY2019: +2,909.9%WRAP FY2020: +466.0%WRAP FY2021: +96.0%WRAP FY2022: +4.1%WRAP FY2023: -23.8%WRAP FY2024: -26.5%WRAP FY2025: +3.7%FY19FY20FY21FY22FY23FY24FY25FY26
SWBI +10.4%WRAP +3.7%
Free cash flow
SWBI FY2019: $26.2MSWBI FY2020: $82.3MSWBI FY2021: $293.3MSWBI FY2022: $113.8MSWBI FY2023: -$72.8MSWBI FY2024: $16MSWBI FY2025: -$28.8MSWBI FY2026: $90.4MWRAP FY2018: -$2.7MWRAP FY2019: -$8.7MWRAP FY2020: -$12.4MWRAP FY2021: -$19.2MWRAP FY2022: -$14.9MWRAP FY2023: -$16.9MWRAP FY2024: -$8.1MWRAP FY2025: -$10.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
SWBI $90.4MWRAP -$10.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Smith & Wesson Brands and Wrap Technologies

Which is bigger by revenue, Smith & Wesson Brands or Wrap Technologies?

Smith & Wesson Brands is bigger by revenue: $523.8M in fiscal 2026, against $4.7M for Wrap Technologies in fiscal 2025.

Which keeps more of its revenue as profit, Smith & Wesson Brands or Wrap Technologies?

Smith & Wesson Brands had a net margin of 3.5% in fiscal 2026; Wrap Technologies had -221.2% in fiscal 2025.

Which grew revenue faster, Smith & Wesson Brands or Wrap Technologies?

In their latest fiscal years revenue changed by +10.4% at Smith & Wesson Brands and +3.7% at Wrap Technologies.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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