Does Smith & Wesson Brands, Inc. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores Smith & Wesson Brands, Inc. (SWBI) 53.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 38, returns on capital 48, balance-sheet safety 100, capital discipline 40.

Is SWBI stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $9.19 per share versus a recent price of $14.86 — 62% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SWBI's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 53.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Smith & Wesson Brands, Inc.

SWBI · Industrials · $662.8M mkt cap · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power38

Median gross margin 31.8% over 10y, stable.

Returns on capital48

Median ROIC 11.1%, above the 9% hurdle in 60% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline40

Owner earnings -17.3%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

62% above value

Owner earnings (normalized): $36.9M
Est. intrinsic value / share: $9.19
Recent price: $14.86
Discount to value: 62% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for SWBI yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale53.8 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — SWBI has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#96 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#94HELE HELEN OF TROY LIMITED54.4 out of 100, Shallow moatShallow moat
#95RBC RBC BEARINGS INCORPORATED54.2 out of 100, Shallow moatShallow moat
#97BC Brunswick Corporation53.7 out of 100, Shallow moatShallow moat
#98PLOW DOUGLAS DYNAMICS, INC52.2 out of 100, Shallow moatShallow moat

Compare SWBI with its nearest peers →All Industrials companies on the Index →

Common questions about SWBI

Does Smith & Wesson Brands, Inc. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores Smith & Wesson Brands, Inc. (SWBI) 53.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 38, returns on capital 48, balance-sheet safety 100, capital discipline 40.
Is SWBI stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $9.19 per share versus a recent price of $14.86 — 62% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SWBI's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 53.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SWBI. See the disclaimer.