SWBI (SWBI) financial statements
SWBI reported revenue of $524M in fiscal 2026, down 5.9% a year over 9 years.
Net income was $18M and the operating margin 5.6%, against 22.1% in 2017.
Free cash flow was $90M, and the company returned $23M in dividends.
The diluted share count fell 21% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SWBI's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $903M | $607M | $481M | $530M | $1.1B | $864M | $479M | $536M | $475M | $524M |
| Cost of revenue | $528M | $411M | $335M | $364M | $610M | $490M | $325M | $378M | $347M | $383M |
| Gross profit | $375M | $196M | $146M | $166M | $449M | $375M | $155M | $158M | $127M | $141M |
| Research and development | $10M | $11M | $8M | $7M | $7M | $7M | $8M | $7M | $10M | $10M |
| Selling, general and admin | $165M | $157M | $95M | $108M | $122M | $116M | $99M | $104M | $96M | $102M |
| Operating income | $200M | $27M | $44M | $50M | $320M | $252M | $48M | $47M | $24M | $29M |
| Pre-tax income | $191M | $18M | $34M | $39M | $318M | $252M | $48M | $52M | $19M | $25M |
| Income tax | $63M | -$3M | $9M | $12M | $74M | $58M | $11M | $10M | $6M | $7M |
| Net income | $128M | $20M | $18M | -$61M | $252M | $194M | $37M | $41M | $13M | $18M |
| EPS (diluted) | $2.25 | $0.37 | $0.33 | -$1.10 | $4.55 | $4.08 | $0.80 | $0.89 | $0.30 | $0.41 |
| Diluted shares | 57M | 55M | 55M | 56M | 55M | 48M | 46M | 46M | 45M | 45M |
| Gross margin | 41.5% | 32.3% | 30.4% | 31.3% | 42.4% | 43.3% | 32.2% | 29.5% | 26.8% | 26.9% |
| Operating margin | 22.1% | 4.5% | 9.0% | 9.5% | 30.2% | 29.1% | 10.1% | 8.8% | 5.0% | 5.6% |
| Net margin | 14.2% | 3.3% | 3.8% | -11.6% | 23.8% | 22.5% | 7.7% | 7.7% | 2.8% | 3.5% |
Balance sheet
Fiscal years, from SWBI's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $62M | $49M | $41M | $125M | $113M | $121M | $54M | $61M | $25M | $28M |
| Receivables | $108M | $57M | $85M | $61M | $67M | $63M | $55M | $59M | $56M | $40M |
| Total current assets | $318M | $270M | $299M | $393M | $268M | $328M | $292M | $287M | $277M | $241M |
| Property, plant and equipment | $150M | $159M | $183M | $148M | $142M | $136M | $210M | $253M | $243M | $239M |
| Goodwill | $169M | $191M | $182M | $19M | $19M | $19M | $19M | $19M | $19M | $19M |
| Total assets | $788M | $745M | $767M | $730M | $446M | $497M | $541M | $577M | $560M | $513M |
| Total current liabilities | $151M | $101M | $111M | $130M | $126M | $89M | $87M | $94M | $67M | $75M |
| Total liabilities | $395M | $323M | $322M | $342M | $180M | $137M | $157M | $178M | $187M | $136M |
| Shareholders' equity | $393M | $422M | $444M | $387M | $266M | $361M | $385M | $400M | $372M | $377M |
| Net debt | -$62M | -$49M | -$41M | -$125M | -$113M | -$121M | -$54M | -$61M | -$25M | -$28M |
Cash flow
Fiscal years, from SWBI's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $124M | $62M | $57M | $95M | $315M | $138M | $17M | $107M | -$7M | $114M |
| Capital spending | $35M | $18M | $31M | $12M | $22M | $24M | $90M | $91M | $22M | $24M |
| Free cash flow | $89M | $43M | $26M | $82M | $293M | $114M | -$73M | $16M | -$29M | $90M |
| Stock-based compensation | $9M | $8M | $7M | $2M | $5M | $5M | $5M | $6M | $8M | $8M |
| Dividends paid | — | — | — | $0 | $8M | $15M | $18M | $22M | $23M | $23M |
| Share buybacks (net) | -$50M | — | — | $0 | -$110M | -$90M | $0 | -$10M | -$25M | $0 |
| Net borrowing | $44M | -$31M | -$31M | $4M | -$160M | $0 | $0 | -$35M | -$35M | -$85M |
| Free cash flow margin | 9.8% | 7.1% | 5.4% | 15.5% | 27.7% | 13.2% | -15.2% | 3.0% | -6.1% | 17.3% |
| Dividends per share | — | — | — | — | $0.15 | $0.32 | $0.40 | $0.48 | $0.51 | $0.52 |
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Open SWBI in InvestinglyQuestions
What was SWBI's revenue in 2026?
$524M in fiscal 2026, from its 10-K filing.
How much free cash flow does SWBI generate?
$90M in fiscal 2026 (operating cash flow minus capital spending).
From SWBI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.