Smith & Wesson Brands (SWBI) Cash Flow: Operating & Free Cash Flow

Smith & Wesson Brands Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Smith & Wesson Brands, Inc. (SWBI) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Operating Activities
Net Income	18.48	13.43	41.36	36.88	194.49	243.57	-61.23	18.41	20.13	127.85
Depreciation & Amortization	31.31	31.85	32.56	31.44	30.07	31.58	54.06	53.86	52.08	50.21
Deferred Income Tax	5.91	-3.03	0.84	-6.86	-2.13	0.45	-12.01	-2.80	-8.78	-7.84
Stock Based Compensation	8.35	7.61	5.68	5.10	4.54	4.71	2.36	7.99	7.82	8.59
Change in Working Capital	52.47	-52.76	31.90	-49.74	-90.56	37.55	10.39	-30.96	-9.28	-56.89
Change in Accounts Receivable	15.85	3.20	-3.90	7.57	4.06	-5.82	-8.63	-29.00	51.38	-40.71
Change in Inventory	33.59	-29.34	16.62	-40.46	-58.18	25.26	-0.42	-10.53	-16.97	-22.17
Change in Accounts Payable	5.37	-14.77	18.34	-8.61	-26.96	25.54	3.68	3.39	-21.00	1.23
Change in Other Working Capital	-2.34	-0.48	-0.18	-0.24	-9.48	4.76	15.76	5.18	-22.69	4.76
Other Operating Activities	-2.33	-7.34	-4.76	-6.95	1.40	-0.14	100.83	10.94	-0.32	1.65
Net Cash from Operating Activities	114.20	-7.22	106.74	16.73	137.81	315.33	94.96	57.45	61.64	123.58
Investing Activities
Capital Expenditures	-23.84	-21.61	-90.76	-89.90	-24.26	-22.05	-14.74	-34.47	-19.05	-35.51
Acquisitions	0.00	0.00	0.00	0.12	0.14	0.42	0.00	-1.77	-23.12	-211.07
Purchases of Investments	-4.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	-0.19	6.31	-0.33	0.00	-0.63	0.00	0.00	0.00	0.00
Other Investing Activities	0.14	2.43	9.27	-0.22	-0.14	0.31	0.79	1.41	0.01	2.84
Net Cash from Investing Activities	-28.24	-19.17	-81.49	-89.78	-24.12	-23.40	-13.96	-34.83	-42.16	-243.74
Financing Activities
Debt Repayment	-60.20	-35.00	-35.00	-1.25	-1.09	-185.00	2.73	-32.04	-31.95	43.14
Common Stock Issued	1.58	1.60	1.48	1.53	0.00	3.15	2.13	2.22	0.00	0.00
Common Stock Repurchased	0.00	-26.59	-11.05	-1.07	-90.00	-112.24	-0.60	-0.65	-2.28	-50.05
Dividends Paid	-23.23	-23.10	-22.02	-18.33	-15.04	-8.22	0.00	0.00	0.00	0.00
Other Financing Activities	-1.15	-0.94	-1.38	-1.07	-1.58	-26.45	0.66	1.57	2.06	-2.65
Net Cash from Financing Activities	-83.00	-9.21	-17.97	5.88	-105.99	-303.92	3.38	-30.47	-32.17	-9.56
Summary
Net Change in Cash	2.96	-35.61	7.28	-67.17	7.71	-11.99	84.38	-7.85	-12.69	-129.73
Cash at Beginning of Period	25.23	60.84	53.56	120.73	113.02	125.01	41.02	48.86	61.55	191.28
Cash at End of Period	28.19	25.23	60.84	53.56	120.73	113.02	125.40	41.02	48.86	61.55
Free Cash Flow	90.35	-28.83	15.98	-73.17	113.56	293.28	80.22	22.99	42.59	88.06
Supplemental Disclosures
Interest Paid	-	5.19	4.75	2.15	2.22	3.31	-	-	-	-
Income Taxes Paid	-	7.29	12.66	18.21	59.18	80.87	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Smith & Wesson Brands Cash Flow

What is Smith & Wesson Brands's free cash flow?

Smith & Wesson Brands generated free cash flow of $90.35M in fiscal 2026 (fiscal year ended Apr 30, 2026), operating cash flow of $114.19M minus $23.84M of capital expenditures. Free cash flow equaled 17.2% of revenue.

How much does Smith & Wesson Brands spend on capital expenditures?

Smith & Wesson Brands spent $23.84M on capital expenditures in fiscal 2026, compared with $21.61M a year earlier. That equals 20.9% of operating cash flow.

Does Smith & Wesson Brands pay dividends or buy back shares?

Yes. In fiscal 2026 Smith & Wesson Brands returned $23.23M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition