Smith & Wesson Brands
Through the investors’ lenses
2 of 3 cleared5 of 6 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 3/3
| Measure | SWBI | Checked against | |
|---|---|---|---|
| Owner earnings | $26.04m | positive | ✓ |
| Return on equity | 4.9% | US median 2.8% | ✓ |
| Debt to equity | — | US median 0.57x | — |
| Operating margin | 5.6% | US median 3.1% | ✓ |
Passes 3 of 3. These are the measures Warren Buffett published, applied to Smith & Wesson Brands’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 1/2
| Measure | SWBI | Checked against | |
|---|---|---|---|
| Current ratio | 3.20x | 2.00x published | ✓ |
| Long-term debt to working capital | — | 1.00x published | — |
| Positive earnings, ten years running | 6 yrs | 10 published | ✗ |
Passes 1 of 2. These are the measures Benjamin Graham published, applied to Smith & Wesson Brands’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 1/1
| Measure | SWBI | Checked against | |
|---|---|---|---|
| Debt to equity | — | US median 0.57x | — |
| Net margin | 3.5% | US median 2.0% | ✓ |
Passes 1 of 1. These are the measures Peter Lynch published, applied to Smith & Wesson Brands’s own figures — their criteria, not their view of this company. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 126.8% | whyThe figure most screeners publish. |
| Operating cash flow | 20.3% | whyBefore capital spending. |
| Free cash flow | 25.7% | whyAfter maintaining the business. |
Spread between highest and lowest: 106.5 percentage points. Same filings, different denominators.
Coverage rating 30 / 100 — Strained. ? Peer standing 26/50Direction 4/30Stability 0/20
Against its own history: 25.7% this year vs 13.2% median over the prior 3. A gap this size is usually a one-off — acquisition, settlement, cyclical trough — not a dividend that stopped being funded. The rating reads the latest year; the table shows the trend.
Free cash flow payout, last 4 years
| Fiscal year | Payout |
|---|---|
| 2026-04-30 | 25.7% |
| 2024-04-30 | 137.8% |
| 2022-04-30 | 13.2% |
| 2021-04-30 | 2.8% |
52% of the 118 industrials here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $0.520 ÷ diluted EPS $0.410
- Operating cash flow — dividends paid $23.2m ÷ operating cash flow $114m
- Free cash flow — dividends paid $23.2m ÷ (operating cash flow $114m − capex $23.7m)
Where the figures came from
- 10-K filed 2026-06-17 · accession 0001193125-26-274254
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- DPS $0.52 filed as declared, but dividends paid imply $516.97 — one of the two underlying facts is wrong. The filed per-share figure is used.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: uncovered on earnings, covered on the basis that applies · rated strained · when it files.
Who else looks like this
Every figure above is computed from Smith & Wesson Brands’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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