SWBI Smith & Wesson Brands, Inc. - Common Stock

NASDAQ · Leisure Products · View on SEC EDGAR ↗
$14.13
Price · Aug 19, 2026
Fundamentals as of Jun 17, 2026
52W Range
$8–$18
65% of range
Analyst Rating
BUY
8 analysts
Price Target
$17
+22% upside
P/E (TTM)
34.5
ROE
5.0%
Net Profit Margin
3.5%

SWBI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$14.13
Market Cap
$630M
P/E (TTM)
34.5
EPS (TTM)
$0.41
Revenue (TTM)
$524M
Div Yield
3.7%
ROE
5.0%
Debt/Equity
—
52W Range
$8 – $18

SWBI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $524M
10-point trend, -42.0%
2017-04-30 → 2026-04-30
EPS $0.41
10-point trend, -81.8%
2017-04-30 → 2026-04-30
Free Cash Flow $90M
10-point trend, +2.0%
2017-04-30 → 2026-04-30
Margins 3.5%
10-point trend, -35.2%
2017-04-30 → 2026-04-30

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SWBI
Peer Median
P/E (TTM)
5-point trend, +1026.3%
34.5
35.1
P/S (TTM)
5-point trend, +82.6%
1.2
1.0
P/B
5-point trend, +6.0%
1.7
2.3
Price / FCF
5-point trend, +39.3%
7.0
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SWBI
Peer Median
Gross Margin
5-point trend, -37.9%
26.9%
41.0%
Operating Margin
5-point trend, -80.8%
5.6%
—
Net Profit Margin
5-point trend, -84.3%
3.5%
2.5%
ROA
5-point trend, -91.6%
3.5%
2.8%
ROE
5-point trend, -91.2%
5.0%
3.9%
ROIC
5-point trend, -89.4%
5.7%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SWBI
Peer Median
Current Ratio
5-point trend, -13.0%
3.2
2.1
Quick Ratio
5-point trend, -56.1%
0.9
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SWBI
Peer Median
Revenue YoY
5-point trend, -39.4%
10.4%
—
Revenue CAGR 3Y
5-point trend, -39.4%
3.0%
—
Revenue CAGR 5Y
5-point trend, -39.4%
-13.1%
—
EPS YoY
5-point trend, -90.0%
36.7%
—
Net Income YoY
5-point trend, -90.5%
37.7%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SWBI
Peer Median
EPS (Diluted)
5-point trend, -90.0%
$0.41
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SWBI
Peer Median
Payout Ratio
5-point trend, +1526.0%
125.7%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
3.7%
Payout Ratio
125.7%
5Y Div CAGR
—
Ex-dateAmount
July 1, 2026$0.1300
March 19, 2026$0.1300
Dec. 18, 2025$0.1300
Sept. 18, 2025$0.1300
July 7, 2025$0.1300
March 20, 2025$0.1300
Dec. 19, 2024$0.1300
Sept. 19, 2024$0.1300
July 11, 2024$0.1300
March 20, 2024$0.1200
Dec. 20, 2023$0.1200
Sept. 20, 2023$0.1200
July 12, 2023$0.1200
March 15, 2023$0.1000
Dec. 19, 2022$0.1000
Sept. 21, 2022$0.1000
July 6, 2022$0.1000
March 16, 2022$0.0800
Dec. 15, 2021$0.0800
Sept. 13, 2021$0.0800

SWBI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 8 analysts
  • Strong Buy 2 25.0%
  • Buy 5 62.5%
  • Hold 1 12.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-17
Median target $17.25 +22.1%
Mean target $17.25 +22.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.03%
Next Report
Sep 03, 2026
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.36 $0.23 0.13%
March 31, 2026 $0.08 $0.05 0.03%
Dec. 31, 2025 $0.04 $0.02 0.02%
Sept. 30, 2025 $-0.08 $-0.11 0.03%
June 30, 2025 $0.20 $0.23 -0.03%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SWBI $693M 37.9 10.4% 3.5% 5.0% 26.9%
CALY $2.17B -5.3 -0.85% -19.9% -18.0% 42.1%
PTON — 42.2 -1.8% 2.6% -27.1% 52.6%
SWIM $741M 70.6 7.3% 2.0% 2.8% 33.4%
TRON $324M -7.8 10.0% -354.6% -10.4% 25.3%
MCFT $305M 43.2 -11.8% 2.5% 3.8% 20.0%
RGR — -120.9 1.9% -0.80% -1.5% 14.9%
MBUU — 41.2 -2.6% 1.8% 2.9% 17.8%
JOUT $433M — -0.07% -5.8% -8.0% 35.1%
FNKO — -2.7 -13.5% -7.4% -32.2% —
JAKK $191M 19.6 -17.4% 1.7% 4.1% 32.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Revenue 12-point trend, -5.1% $524M $475M $536M $479M $864M $1.06B $530M $481M $607M $903M $723M $552M
Cost of Revenue 12-point trend, +7.2% $383M $347M $378M $325M $490M $610M $364M $335M $411M $528M $429M $357M
Gross Profit 12-point trend, -27.6% $141M $127M $158M $155M $375M $449M $166M $146M $196M $375M $294M $195M
R&D Expense 12-point trend, +48.4% $10M $10M $7M $8M $7M $7M $7M $8M $11M $10M $10M $7M
SG&A Expense 12-point trend, -3.7% $60M $55M $63M $62M $72M $79M $66M $67M $102M $116M $83M $62M
Operating Expenses 12-point trend, +6.3% $112M $103M $111M $106M $123M $129M $115M $103M $169M $175M $135M $105M
Operating Income 12-point trend, -67.4% $29M $24M $47M $48M $252M $320M $50M $44M $27M $200M $159M $90M
Interest Expense 2-point trend, +21.0% · · · · · · · · · · $14M $11M
Interest Income 2-point trend, -55.4% · · · · · · · · · · $176.0K $395.0K
Other Non-op 12-point trend, +1615.4% $669.0K $-17.0K $7M $150.0K $3M $2M $495.0K $477.0K $2M $-52.0K $-22.0K $39.0K
Pretax Income 12-point trend, -68.2% $25M $19M $52M $48M $252M $318M $39M $34M $18M $191M $145M $79M
Income Tax 12-point trend, -77.2% $7M $6M $10M $11M $58M $74M $12M $9M $-3M $63M $51M $29M
Net Income 12-point trend, -62.7% $18M $13M $41M $37M $194M $252M $-61M $18M $20M $128M $94M $50M
EPS (Basic) 12-point trend, -54.3% $0.42 $0.30 $0.90 $0.80 $4.12 $4.62 $-1.11 $0.34 $0.37 $2.29 $1.72 $0.92
EPS (Diluted) 12-point trend, -54.4% $0.41 $0.30 $0.89 $0.80 $4.08 $4.55 $-1.10 $0.33 $0.37 $2.25 $1.68 $0.90
Shares (Basic) 12-point trend, -99.9% 44,420 44,484 45,813 45,844 47,227,000 54,613,000 54,983,000 54,483,000 54,061,000 55,930,000 54,765,000 53,988,000
Shares (Diluted) 12-point trend, -99.9% 44,933 44,932 46,248 46,170 47,728,000 55,352,000 55,665,000 55,216,000 54,834,000 56,891,000 55,965,000 55,228,000
EBITDA 12-point trend, -67.4% $29M $24M $45M $48M $252M $320M $-49M $38M $27M $200M $159M $90M
Balance Sheet 27
Annual Balance Sheet data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents 12-point trend, -33.2% $28M $25M $61M $54M $121M $113M $125M $41M $49M $62M $191M $42M
Receivables 12-point trend, -27.6% $40M $56M $59M $55M $63M $67M $61M $85M $57M $108M $58M $55M
Prepaid Expense 12-point trend, +13.7% $7M $6M $5M $5M $6M $8M $8M $7M $7M $6M $4M $6M
Current Assets 12-point trend, +22.5% $241M $277M $287M $292M $328M $268M $393M $299M $270M $318M $333M $197M
PP&E (Net) 6-point trend, +17.6% · · · · · · $157M $183M $159M $150M $135M $134M
PP&E (Gross) 5-point trend, +64.1% · · · · · · · $403M $329M $314M $272M $246M
Accum. Depreciation 8-point trend, +240.9% $398M $369M $353M · · · · $228M $199M $171M $142M $117M
Goodwill 12-point trend, -74.8% $19M $19M $19M $19M $19M $19M $19M $182M $191M $169M $76M $75M
Intangibles 12-point trend, -97.3% $2M $2M $3M $4M $4M $4M $4M $92M $113M $141M $63M $74M
Other Non-current Assets 12-point trend, -31.6% $7M $8M $9M $8M $10M $13M $16M $11M $12M $10M $12M $11M
Total Assets 12-point trend, +4.4% $513M $560M $577M $541M $497M $446M $730M $767M $745M $788M $620M $491M
Accounts Payable 12-point trend, +6.8% $35M $27M $42M $37M $30M $57M $31M $36M $34M $53M $46M $32M
Accrued Liabilities 4-point trend, +71.3% · · · · · · · · $42M $52M $28M $24M
Short-term Debt Flat — no change across 2 periods · · · · · · · · · $6M $6M ·
Current Liabilities 12-point trend, -7.0% $75M $67M $94M $87M $89M $126M $130M $111M $101M $151M $123M $81M
Capital Leases 9-point trend, -100.0% $0 $318.0K $574.0K $801.0K $2M $4M $7M $45M $22M · · ·
Deferred Tax 7-point trend, -97.3% · · · · · $904.0K $457.0K $10M $13M $26M $12M $34M
Other Non-current Liabilities 12-point trend, -10.7% $10M $8M $8M $8M $10M $15M $11M $6M $7M $7M $10M $11M
Total Liabilities 12-point trend, -54.1% $136M $187M $178M $157M $137M $180M $342M $322M $323M $395M $312M $297M
Total Debt Flat — no change across 2 periods · · · · · · · · · $6M $6M ·
Common Stock 12-point trend, -35.7% $45.0K $76.0K $75.0K $75.0K $75.0K $74.0K $74.0K $73.0K $72.0K $72.0K $72.0K $70.0K
Retained Earnings 12-point trend, +153.6% $374M $533M $542M $523M $505M $325M $342M $403M $389M $369M $241M $147M
Treasury Stock 12-point trend, -100.0% $0 $458M $433M $422M $422M $332M $222M $222M $222M $222M $172M $172M
AOCI 11-point trend, -100.0% · $0 $73.0K $73.0K $73.0K $73.0K $73.0K $620.0K $2M $436.0K $-748.0K $73.0K
Stockholders' Equity 12-point trend, +93.7% $377M $372M $400M $385M $361M $266M $387M $444M $422M $393M $308M $194M
Liabilities + Equity 12-point trend, +4.4% $513M $560M $577M $541M $497M $446M $730M $767M $745M $788M $620M $491M
Shares Outstanding 12-point trend, -35.9% 44,605,993 44,111,461 75,395,000 75,029,000 74,641,000 74,222,000 73,527,000 72,864,000 72,434,000 72,017,000 71,559,000 69,625,000
Cash Flow 18
Annual Cash Flow data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
D&A 12-point trend, +1.4% $31M $32M $33M $31M $30M $32M $32M $29M $52M $50M $41M $31M
Stock-based Comp 12-point trend, +43.8% $8M $8M $6M $5M $5M $5M $2M $7M $8M $9M $6M $6M
Deferred Tax 12-point trend, +152.6% $6M $-3M $857.0K $-7M $-2M $447.0K $-260.0K $409.0K $-9M $-8M $-4M $2M
Amort. of Intangibles 6-point trend, +323.9% · · · · · · $20M $22M $21M $20M $11M $5M
Restructuring 7-point trend, -509000.00 $-509.0K $1M $7M $8M $10M $0 $0 · · · · ·
Operating Cash Flow 12-point trend, -0.5% $114M $-7M $107M $17M $138M $315M $95M $57M $62M $124M $169M $115M
CapEx 12-point trend, -15.8% $24M $22M $91M $90M $24M $22M $12M $31M $18M $35M $29M $28M
Investing Cash Flow 12-point trend, +84.8% $-28M $-19M $-81M $-90M $-24M $-23M $-14M $-35M $-42M $-244M $-32M $-186M
Debt Issued 8-point trend, -100.0% · · · · $0 $25M $228M $50M $150M $100M $105M $175M
Net Debt Issued 12-point trend, -213.3% $-85M $-35M $-35M $0 $0 $-160M $4M $-31M $-31M $44M $275.0K $75M
Stock Repurchased 9-point trend, -100.0% $0 $25M $10M $0 $90M $110M $0 · · $50M · $30M
Net Stock Activity 8-point trend, +100.0% $0 $-25M $-10M $0 $-90M $-110M · · · $-50M · $-30M
Dividends Paid 7-point trend, +23229000.00 $23M $23M $22M $18M $15M $8M $0 · · · · ·
Financing Cash Flow 12-point trend, -286.0% $-83M $-9M $-18M $6M $-106M $-304M $3M $-30M $-32M $-10M $12M $45M
Net Change in Cash 12-point trend, +111.1% $3M $-36M $7M $-67M $8M $-12M $84M $-8M $-13M $-130M $149M $-27M
Taxes Paid 3-point trend, -55.4% $6M $7M $13M · · · · · · · · ·
Free Cash Flow 12-point trend, +4.4% $90M $-29M $16M $-73M $114M $293M $81M $24M $43M $89M $139M $87M
Levered FCF 2-point trend, +63.9% · · · · · · · · · · $130M $79M
Profitability 8
Annual Profitability data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Gross Margin 12-point trend, -23.7% 26.9% 26.8% 29.5% 32.2% 43.4% 42.4% 34.6% 35.4% 32.3% 41.5% 40.6% 35.3%
Operating Margin 12-point trend, -65.6% 5.6% 5.0% 8.4% 10.1% 29.1% 30.2% -7.2% 6.0% 4.5% 22.1% 21.9% 16.2%
Net Margin 12-point trend, -60.7% 3.5% 2.8% 7.4% 7.7% 22.5% 23.8% -9.0% 2.9% 3.3% 14.2% 13.0% 9.0%
Pretax Margin 12-point trend, -66.4% 4.8% 4.0% 9.2% 10.1% 29.2% 30.0% -8.8% 4.5% 2.9% 21.2% 20.1% 14.3%
EBITDA Margin 12-point trend, -65.6% 5.6% 5.0% 8.4% 10.1% 29.1% 30.2% -7.2% 6.0% 4.5% 22.1% 21.9% 16.2%
ROA 12-point trend, -69.5% 3.5% 2.4% 7.1% 7.1% 41.2% 42.9% -8.2% 2.4% 2.6% 18.2% 16.9% 11.3%
ROE 12-point trend, -81.8% 5.0% 3.6% 10.2% 9.7% 56.6% 100.0% -14.6% 4.2% 4.9% 36.5% 37.4% 27.5%
ROIC 12-point trend, -80.4% 5.7% 4.5% 9.0% 9.6% 53.8% 91.9% -12.9% 5.5% 7.3% 33.5% 32.7% 29.2%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 12-point trend, +31.7% 3.2 4.2 3.0 3.3 3.7 2.1 3.0 2.7 2.7 2.1 2.7 2.4
Quick Ratio 12-point trend, -24.8% 0.9 1.2 1.2 1.2 2.1 1.4 1.7 1.1 1.0 1.1 2.0 1.2
Debt / Equity 2-point trend, -22.0% · · · · · · · · · 0.0 0.0 ·
Interest Coverage 2-point trend, +46.3% · · · · · · · · · · 11.6 7.9
Efficiency 2
Annual Efficiency data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 12-point trend, -22.4% 1.0 0.8 1.0 0.9 1.8 1.8 0.9 0.8 0.8 1.3 1.3 1.3
Receivables Turnover 12-point trend, +10.1% 10.9 8.3 9.4 8.1 13.3 16.5 7.6 9.0 7.4 10.9 12.8 9.9
Per Share 6
Annual Per Share data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share 12-point trend, +134.8% $8.44 $8.44 $8.74 $8.36 $7.91 $5.33 $6.99 $8.13 $7.78 $7.30 $5.50 $3.60
Revenue / Share 12-point trend, +116572.3% $11658.36 $10563.99 $11.59 $10.38 $18.11 $19.14 $12.34 $11.56 $11.07 $15.88 $12.92 $9.99
Cash Flow / Share 12-point trend, +122155.7% $2541.45 $-160.75 $2.31 $0.36 $2.89 $5.70 $1.73 $1.04 $1.12 $2.17 $3.01 $2.08
Cash / Share 12-point trend, -19.1% $0.63 $0.57 $1.34 $1.16 $2.65 $2.26 $2.27 $0.75 $0.90 $1.14 $3.42 $0.78
Dividend / Share 5-point trend, +62.5% $1 $1 $0 $0 $0 · · · · · · ·
EPS (TTM) 12-point trend, -54.4% $0.41 $0.30 $0.89 $0.80 $4.08 $4.55 $-1.10 $0.33 $0.37 $2.25 $1.68 $0.90
Growth Rates 10
Annual Growth Rates data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 6-point trend, -89.6% 10.4% -11.4% 11.8% -44.5% -18.4% 100.0% · · · · · ·
Revenue CAGR 3Y 4-point trend, +191.8% 3.0% -18.1% -20.3% -3.3% · · · · · · · ·
Revenue CAGR 5Y 2-point trend, -505.1% -13.1% -2.2% · · · · · · · · · ·
EPS YoY 5-point trend, +455.0% 36.7% -66.3% 11.2% -80.4% -10.3% · · · · · · ·
EPS CAGR 3Y 3-point trend, +52.4% -20.0% -58.1% -41.9% · · · · · · · · ·
EPS CAGR 5Y -38.2% · · · · · · · · · · ·
Net Income YoY 5-point trend, +265.0% 37.7% -67.5% 12.2% -81.0% -22.8% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +54.5% -20.6% -59.0% -45.2% · · · · · · · · ·
Net Income CAGR 5Y -40.7% · · · · · · · · · · ·
Dividend CAGR 5Y 23.1% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for SWBI
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM 12-point trend, -5.1% $524M $475M $536M $479M $864M $1.06B $530M $481M $607M $903M $723M $552M
Net Income TTM 12-point trend, -62.7% $18M $13M $41M $37M $194M $252M $-61M $18M $20M $128M $94M $50M
Market Cap 12-point trend, +12.2% $693M $420M $773M $553M $626M $869M $403M $414M $459M $917M $940M $618M
Enterprise Value 2-point trend, +14.2% · · · · · · · · · $862M $755M ·
P/E 12-point trend, +198.5% 37.9 31.8 19.1 15.0 3.4 3.8 -6.6 22.9 22.9 7.6 10.0 12.7
P/S 12-point trend, +18.2% 1.3 0.9 1.4 1.2 0.7 0.8 0.8 0.9 0.8 1.0 1.3 1.1
P/B 12-point trend, -42.1% 1.8 1.1 1.9 1.4 1.7 3.3 1.0 0.9 1.1 2.3 3.1 3.2
P / Tangible Book 7-point trend, +76.0% 1.9 1.2 2.0 1.5 1.9 3.6 1.1 · · · · ·
P / Cash Flow 12-point trend, +12.8% 6.1 -58.2 7.2 33.0 4.5 2.8 4.2 7.2 7.4 7.4 5.6 5.4
P / FCF 12-point trend, +7.4% 7.7 -14.6 48.4 -7.6 5.5 3.0 5.0 17.6 10.6 10.3 6.8 7.1
EV / EBITDA 2-point trend, -9.4% · · · · · · · · · 4.3 4.8 ·
EV / FCF 2-point trend, +79.0% · · · · · · · · · 9.7 5.4 ·
EV / Revenue 2-point trend, -8.6% · · · · · · · · · 1.0 1.0 ·
Dividend Yield 7-point trend, +0.03 3.4% 5.5% 2.9% 3.3% 2.4% 0.95% 0.00% · · · · ·
Earnings Yield 12-point trend, -66.5% 2.6% 3.1% 5.2% 6.7% 29.7% 26.2% -15.1% 4.4% 4.4% 13.2% 10.0% 7.9%
Payout Ratio 6-point trend, +3755.5% 125.7% 172.0% 55.6% 49.7% 7.7% 3.3% · · · · · ·
Annual Payout 7-point trend, +23229000.00 $23M $23M $22M $18M $15M $8M $0 · · · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-04-302025-04-302024-04-302023-04-302022-04-30
Revenue $524M$475M$536M$479M$864M
Gross Margin % 26.9%26.8%29.5%32.2%43.4%
Operating Margin % 5.6%5.0%8.4%10.1%29.1%
Net Income $18M$13M$41M$37M$194M
Diluted EPS $0.41$0.30$0.89$0.80$4.08
Balance Sheet
2026-04-302025-04-302024-04-302023-04-302022-04-30
Current Ratio 3.24.23.03.33.7
Quick Ratio 0.91.21.21.22.1
Cash Flow
2026-04-302025-04-302024-04-302023-04-302022-04-30
Free Cash Flow $90M$-29M$16M$-73M$114M

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Institutional owners (13F) 220 filers · $361.0M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
43 (-4 vs prior Q) 26 (+8 vs prior Q) 73 (-1 vs prior Q) 53 (+16 vs prior Q) +5.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
DIMENSIONAL FUND ADVISORS LP $38,769,540 2,577,762 10.74% Shares
RENAISSANCE TECHNOLOGIES LLC $33,370,361 2,218,774 9.24% Shares
VANGUARD CAPITAL MANAGEMENT LLC $28,564,344 1,899,225 7.91% Shares
TWO SIGMA INVESTMENTS, LP $26,477,559 1,760,476 7.33% Shares
VANGUARD GROUP INC $22,284,733 2,257,825 6.17% Shares
GEODE CAPITAL MANAGEMENT, LLC $17,295,069 1,149,706 4.79% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $14,944,346 993,640 4.14% Shares
STATE STREET CORP $14,086,524 936,604 3.90% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $12,858,598 854,960 3.56% Shares
Qube Research & Technologies Ltd $12,259,676 815,138 3.40% Shares
AMERICAN CENTURY COMPANIES INC $11,390,454 757,344 3.16% Shares
Trexquant Investment LP $8,627,666 573,648 2.39% Shares
Allianz Asset Management GmbH $7,575,167 503,668 2.10% Shares
TWO SIGMA ADVISERS, LP $7,247,541 734,300 2.01% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $7,075,448 470,442 1.96% Shares
GOLDMAN SACHS GROUP INC $5,237,545 348,241 1.45% Shares
Bank of New York Mellon Corp $5,108,757 339,678 1.42% Shares
Point72 Asset Management, L.P. $4,882,781 324,653 1.35% Shares
VANGUARD FIDUCIARY TRUST CO $4,423,851 294,139 1.23% Shares
CITADEL ADVISORS LLC $4,275,872 284,300 1.18% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,883,328 258,200 1.08% Call option
CITADEL ADVISORS LLC $3,213,837 213,686 0.89% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $2,885,423 191,850 0.80% Shares
FIRST TRUST ADVISORS LP $2,540,376 168,908 0.70% Shares
Squarepoint Ops LLC $2,504,671 166,534 0.69% Shares
JANE STREET GROUP, LLC $2,379,328 158,200 0.66% Call option
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $2,282,937 151,791 0.63% Shares
Man Group plc $2,278,154 151,473 0.63% Shares
PDT Partners, LLC $1,980,603 131,689 0.55% Shares
Connor, Clark & Lunn Investment Management Ltd. $1,957,260 130,137 0.54% Shares
Y-Intercept (Hong Kong) Ltd $1,946,447 129,418 0.54% Shares
Quantinno Capital Management LP $1,891,199 125,744 0.52% Shares
TUDOR INVESTMENT CORP ET AL $1,890,122 125,673 0.52% Shares
Aviance Capital Partners, LLC $1,655,221 110,055 0.46% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,395,712 92,800 0.39% Put option
SummerHaven Investment Management, LLC $1,373,814 91,344 0.38% Shares
PRUDENTIAL FINANCIAL INC $1,293,876 86,029 0.36% Shares
FRANKLIN RESOURCES INC $1,146,093 76,203 0.32% Shares
CITADEL ADVISORS LLC $1,087,392 72,300 0.30% Put option
JPMORGAN CHASE & CO $1,032,970 67,076 0.29% Shares
UBS Group AG $1,011,996 67,287 0.28% Shares
Kestra Advisory Services, LLC $939,119 62,441 0.26% Shares
Walleye Capital LLC $891,872 59,300 0.25% Call option
Walleye Capital LLC $881,344 58,600 0.24% Put option
RHUMBLINE ADVISERS $847,555 56,354 0.23% Shares
Brandywine Global Investment Management, LLC $829,968 84,090 0.23% Shares
Corient Private Wealth LP $813,357 54,080 0.23% Shares
MORGAN STANLEY $801,512 53,292 0.22% Shares
MACKENZIE FINANCIAL CORP $794,608 52,833 0.22% Shares
WOLVERINE TRADING, LLC $782,952 80,800 0.22% Call option
BANK OF AMERICA CORP /DE/ $746,044 49,604 0.21% Shares
STATE OF WISCONSIN INVESTMENT BOARD $726,041 48,274 0.20% Shares
Centiva Capital, LP $718,295 47,759 0.20% Shares
MILLENNIUM MANAGEMENT LLC $668,378 44,440 0.19% Shares
FOX RUN MANAGEMENT, L.L.C. $644,539 42,855 0.18% Shares
ROMAN BUTLER FULLERTON & CO $607,123 38,769 0.17% Shares
LPL Financial LLC $584,910 38,890 0.16% Shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. $540,613 35,945 0.15% Shares
Independent Advisor Alliance $535,572 35,610 0.15% Shares
Odyssean, LLC $527,844 35,096 0.15% Shares
MERCER GLOBAL ADVISORS INC /ADV $520,773 34,626 0.14% Shares
ALLIANCEBERNSTEIN L.P. $520,681 36,335 0.14% Shares
Prospera Financial Services Inc $511,096 33,982 0.14% Shares
LAZARD ASSET MANAGEMENT LLC $482,152 32,058 0.13% Shares
JANE STREET GROUP, LLC $478,272 31,800 0.13% Put option
MARSHALL WACE, LLP $476,752 31,699 0.13% Shares
WOLVERINE TRADING, LLC $460,275 47,500 0.13% Put option
MetLife Investment Management, LLC $439,694 29,235 0.12% Shares
IMC-Chicago, LLC $439,544 29,225 0.12% Shares
Walleye Trading LLC $439,168 29,200 0.12% Call option
REGIONS FINANCIAL CORP $434,927 28,918 0.12% Shares
XTX Topco Ltd $416,067 27,664 0.12% Shares
RAYMOND JAMES FINANCIAL INC $357,245 23,753 0.10% Shares
State of Wyoming $342,416 22,767 0.09% Shares
FIDELIS CAPITAL PARTNERS, LLC $335,783 22,326 0.09% Shares
Magnetar Financial LLC $332,790 22,127 0.09% Shares
Graham Capital Management, L.P. $330,474 21,973 0.09% Shares
ALGERT GLOBAL LLC $329,978 21,940 0.09% Shares
OSAIC HOLDINGS, INC. $321,492 21,375 0.09% Shares
COMMONWEALTH EQUITY SERVICES, LLC $319,496 21,243 0.09% Shares
Engineers Gate Manager LP $316,893 21,070 0.09% Shares
VOYA INVESTMENT MANAGEMENT LLC $314,577 20,916 0.09% Shares
HighTower Advisors, LLC $313,981 20,876 0.09% Shares
Walleye Capital LLC $312,321 20,766 0.09% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $308,771 20,530 0.09% Shares
Campbell & CO Investment Adviser LLC $307,282 20,431 0.09% Shares
Mariner, LLC $300,375 19,965 0.08% Shares
JONES FINANCIAL COMPANIES LLLP $299,384 19,658 0.08% Shares
Dynamic Technology Lab Private Ltd $298,000 19,791 0.08% Shares
BNP PARIBAS FINANCIAL MARKETS $290,452 19,312 0.08% Shares
Russell Investments Group, Ltd. $289,443 18,795 0.08% Shares
Sterling Capital Management LLC $281,128 18,692 0.08% Shares
Cornerstone Investment Partners, LLC $269,351 17,909 0.07% Shares
Invesco Ltd. $266,659 17,730 0.07% Shares
Vanguard Global Advisers, LLC $257,575 17,126 0.07% Shares
EXCHANGE TRADED CONCEPTS, LLC $254,161 16,899 0.07% Shares
Avantax Planning Partners, Inc. $250,130 16,631 0.07% Shares
D. E. Shaw & Co., Inc. $248,716 16,537 0.07% Shares
STIFEL FINANCIAL CORP $247,078 16,428 0.07% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $238,850 15,881 0.07% Shares

Company insiders 38 insiders · 22 officers · 17 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Mark Peter Smith The reporting person is President and Chief Executive Officer. May 1, 2026 A 576,386 0 0 $0
James P. Debney President and CEO April 30, 2019 A 589,384 0 0 $0
Deana L Mcpherson The reporting person is Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary. May 1, 2026 A 158,754 0 0 $0
Jeffrey D Buchanan The reporting person is Executive Vice President, Chief Financial Officer, Chief Administrative Officer, and Treasurer. Aug. 6, 2020 F 117,755 0 0 $0
William Spengler Executive Vice President & CFO Aug. 2, 2010 A 11,200 0 0 $0
John A Kelly CFO and Treasurer June 27, 2008 S 43,730 0 0 $0
Lane A. Tobiassen President, Firearm Division June 10, 2020 S 41,601 0 0 $0
Kyle Tengwall Vice President, Marketing June 15, 2026 F 147,517 0 0 $0
Kevin Alden Maxwell The reporting person is Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary. May 1, 2026 A 121,635 0 0 $0
Susan Jean Cupero Vice President, Sales May 5, 2025 F 53,804 0 0 $0
Robert J. Cicero The reporting person is Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary. June 21, 2021 S 87,357 0 0 $0
Brian Daniel Murphy This amended Form 4 is being filed solely to correct the vesting schedule set forth in footnote (1). The reporting person is Co- April 6, 2020 A 96,954 0 0 $0
Matthew William Buckingham The reporting person is the Senior Vice President, Firearm Division. May 17, 2017 F 54,387 0 0 $0
Andrew Coccari SVP, Marketing & Sales Aug. 15, 2014 A 20,000 0 0 $0
Mario Pasantes The reporting person is the Sr. VP Marketing and International Sales. July 25, 2014 M 34,759 0 0 $0
Michael Joseph Brown Vice President - U.S. Sales July 21, 2014 M 47,098 0 0 $0
Barry K Willingham The reporting person is the Vice President; President of Security Solutions Division. This second amended Form 4 is being filed July 12, 2011 A — 0 0 $0
Ann B Makkiya Corporate Counsel and Sec July 12, 2011 A 15,735 0 0 $0
Matthew A. Gelfand Officer Aug. 2, 2010 A — 0 0 $0
Leland A Nichols Vice President-Sales Aug. 5, 2009 A 117,646 0 0 $0
Kenneth W Chandler Vice President Operations Aug. 5, 2009 A 47,070 0 0 $0
Thomas L Taylor Vice President - Marketing March 8, 2008 P 35,380 0 0 $0
Fred M Diaz Director Sept. 15, 2025 A 48,615 0 0 $0
Michelle Lohmeier Director Sept. 15, 2025 A 38,161 0 0 $0
Denis Suggs Director Sept. 15, 2025 A 48,315 0 0 $0
Barry M Monheit Director Sept. 15, 2025 A 24,822 0 0 $0
Anita D Britt Director Sept. 15, 2025 A 68,029 0 0 $0
Robert L Scott Director Sept. 15, 2025 A 89,391 0 0 $0
John B Furman Director Sept. 19, 2023 A 54,093 0 0 $0
Michael F Golden Director Sept. 12, 2022 A 286,642 0 0 $0
Mitchell A Saltz Director June 1, 2020 S 18,456 0 0 $0
Gregory J. Gluchowski Jr. Director March 11, 2020 P 55,861 0 0 $0
Isabell Marie Wadecki Director March 11, 2020 P 62,556 0 0 $0
Robert H Brust Director Sept. 26, 2018 A 19,867 0 0 $0
David M Stone Director Sept. 14, 2009 A 3,000 0 0 $0
Colton Melby Director Oct. 1, 2007 S 3,910,000 0 0 $0
Dennis G Bingham Director Sept. 17, 2004 P 110,000 0 0 $0
James J Minder — Sept. 21, 2005 A — 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 7 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Mitchell A. Saltz ×2 filings March 17, 2006 — Initial filing — SEC
Colton R. Melby ×2 filings March 7, 2006 — Initial filing — SEC
Undisclosed reporting person Dec. 12, 2003 — Initial filing — SEC
Undisclosed reporting person Dec. 9, 2003 — Initial filing — SEC
Undisclosed reporting person June 13, 2002 — Initial filing — SEC
Undisclosed reporting person June 12, 2002 — Initial filing — SEC
Undisclosed reporting person April 8, 2002 — Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 46 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
DEEP · ETF Series Solutions 0.94% 16,219 NS May 31, 2026 N-PORT
HGRO · ETF Opportunities Trust 0.71% 44,152 NS April 30, 2026 N-PORT
AFSM · First Trust Exchange-Traded Fund VI… 0.30% 19,387 NS May 31, 2026 N-PORT
IWC · iShares Trust 0.15% 151,579 SH Aug. 8, 2026 Daily
ACVF · ETF Opportunities Trust 0.13% 11,826 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 46,689 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.10% 591,517 NS May 31, 2026 N-PORT
ROSC · Lattice Strategies Trust 0.09% 3,043 NS April 30, 2026 N-PORT
CALF · Pacer Funds Trust 0.07% 152,374 NS April 30, 2026 N-PORT
EBIT · Harbor ETF Trust 0.06% 414 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.05% 255,749 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.05% 86,302 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.04% 89,411 SH Aug. 8, 2026 Daily
ITA · iShares Trust 0.04% 454,377 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.04% 413,521 SH Aug. 8, 2026 Daily
DFEN · Direxion Shares ETF Trust 0.04% 9,694 NS April 30, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.04% 39,036 SH Aug. 8, 2026 Daily
VCR · VANGUARD WORLD FUND 0.04% 169,734 SH Aug. 8, 2026 Daily
DFAT · Dimensional ETF Trust 0.03% 292,943 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.02% 19,224 NS April 30, 2026 N-PORT
IWM · iShares Trust 0.02% 1,148,444 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.02% 257,791 SH Aug. 8, 2026 Daily
SFGV · EA Series Trust 0.02% 13,102 NS May 29, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.02% 313,596 NS May 31, 2026 N-PORT
ITWO · ProShares Trust 0.02% 2,090 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.02% 145,816 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.01% 211,163 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.01% 510,663 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.01% 1,636 NS May 31, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.01% 6,906 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.01% 1,657 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 1,298 NS April 30, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 38,889 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 110,178 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 1,710 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 42 NS May 31, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 25,053 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 4,727 NS April 30, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 15,756 NS April 30, 2026 N-PORT
IWV · iShares Trust 0.00% 15,283 SH Aug. 8, 2026 Daily
ITOT · iShares Trust 0.00% 68,895 SH Aug. 8, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 13,008 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 25,128 NS May 31, 2026 N-PORT
EBI · RBB Fund Trust 0.00% 42 NS May 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 1,346,432 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 3,881 SH Aug. 8, 2026 Daily