Also trades as: 0HEM.L (LSE) · $vol 0M

$15.47

+0.16 (+1.05%)

Weekly Expected Move ±3.6%

$14 $15 $15 $16 $16

NASDAQ · Industrials · Aerospace & Defense · Alpha Radar Buy · Power 62 · $688.3M mcap · 43M float · 1.35% daily turnover · Short 41% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

37.3 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 2.8% · 5Y Avg: 18.8%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. SWBI has No discernible competitive edge (37.3/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 2.8% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2025-03-07	Lake Street	—	$18	$12	-6	+27.3%	$9.82
2024-06-21	Lake Street	Mark Smith	$22	$18	-4	+21.6%	$14.80
2024-06-21	Loop Capital Markets	Mark Smith	Initiated	$18	—	+24.1%	$14.51
2022-09-09	Lake Street	—	Initiated	$22	—	+73.1%	$12.71

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. SWBI receives an overall rating of B. Strongest factors: P/B (4/5). Areas of concern: ROE (2/5), P/E (2/5).

Rating Change History

Date	From	To
2026-05-18	B-	B
2026-05-15	B	B-
2026-05-05	B-	B
2026-05-04	B	B-
2026-04-21	B-	B
2026-04-17	B	B-
2026-04-13	B-	B
2026-03-09	C+	B-
2026-03-06	C	C+
2026-03-05	C+	C

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 46 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. SWBI scores highest in Safety (100/100) and lowest in Growth (13/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.09

Safe Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✓ ✗ ✓ ✓ ✗ ✗

Beneish M-Score

-2.79

Unlikely Manipulator

Ohlson O-Score

-8.26

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

A+

Score: 79.3/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 5.06x

Accruals: -7.1%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. SWBI scores 4.09, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. SWBI scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. SWBI's score of -2.79 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. SWBI's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. SWBI receives an estimated rating of A+ (score: 79.3/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). SWBI's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

57.25x

PEG

-0.98x

P/S

1.42x

P/B

1.89x

P/FCF

11.62x

P/OCF

8.45x

EV/EBITDA

9.86x

EV/Revenue

1.10x

EV/EBIT

25.67x

EV/FCF

14.07x

Earnings Yield

2.34%

FCF Yield

8.61%

Shareholder Yield

11.16%

Graham Number

$6.44

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 57.2x earnings, SWBI is priced for high growth expectations. Graham's intrinsic value formula yields $6.44 per share, 140% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.651

NI / EBT

Interest Burden

0.761

EBT / EBIT

EBIT Margin

0.043

EBIT / Rev

Asset Turnover

0.820

Rev / Assets

Equity Multiplier

1.472

Assets / Equity

ROE

2.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. SWBI's ROE of 2.6% is driven by Asset Turnover (0.820), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$1.88

Price/Value

5.03x

Margin of Safety

-403.25%

Premium

403.25%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with SWBI's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. SWBI trades at a 403% premium to its adjusted intrinsic value of $1.88, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 57.2x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$15.47

Median 1Y

$15.25

5th Pctile

$6.01

95th Pctile

$38.74

Ann. Volatility

53.9%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Mark P. Smith President and Chief Executive Officer	$850,000	$2,680,052	$3,713,833
Deana L. McPherson Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary	$475,000	$813,567	$1,527,295
Kevin A. Maxwell Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary	$415,000	$574,278	$1,026,389
Susan J. Cupero Vice President, Sales	$355,000	$574,278	$977,782

CEO Pay Ratio

2:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $3,713,833

Avg Employee Cost (SGA/emp): $2,138,822

Employees: 45

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

+15.4% YoY

Revenue / Employee

$10,548,022

Rev: $474,661,000

Profit / Employee

$298,333

NI: $13,425,000

SGA / Employee

$2,138,822

Avg labor cost proxy

R&D / Employee

$212,600

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	23.3%	77.1%	85.9%	85.5%	75.7%	62.0%	38.6%	25.4%	19.2%	9.9%	9.8%	7.9%	7.1%	10.1%	8.8%	9.2%	7.6%	3.5%	3.1%	2.6%	2.56%
ROA	12.9%	42.9%	47.7%	47.5%	42.1%	41.2%	25.6%	16.9%	12.8%	7.1%	7.1%	5.7%	5.1%	7.1%	6.1%	6.4%	5.3%	2.4%	2.1%	1.7%	1.74%
ROIC	20.5%	1.3%	1.4%	1.4%	1.3%	69.2%	42.9%	28.2%	19.6%	8.2%	8.2%	6.6%	7.3%	8.8%	7.7%	8.2%	6.7%	3.6%	3.4%	2.8%	2.80%
ROCE	24.2%	1.0%	1.1%	1.1%	1.0%	62.1%	38.8%	25.9%	19.6%	10.9%	10.9%	8.8%	8.0%	10.7%	9.5%	10.1%	8.6%	4.8%	4.6%	4.1%	4.05%
Gross Margin	42.6%	45.1%	47.3%	44.3%	39.6%	39.8%	37.3%	32.4%	32.4%	29.0%	26.6%	25.4%	29.1%	35.6%	27.4%	26.6%	24.1%	28.8%	25.9%	24.3%	24.34%
Operating Margin	31.2%	36.0%	36.4%	28.4%	22.3%	25.7%	4.6%	10.3%	6.5%	12.3%	3.8%	3.0%	8.8%	15.9%	-2.1%	5.4%	3.6%	10.4%	-3.5%	3.3%	3.30%
Net Margin	24.2%	27.6%	28.0%	22.1%	17.2%	19.9%	3.9%	8.0%	8.6%	8.9%	2.7%	2.0%	5.7%	16.4%	-2.4%	3.2%	1.4%	6.9%	-4.0%	1.5%	1.54%
EBITDA Margin	33.9%	38.0%	39.1%	32.1%	26.8%	30.3%	14.4%	17.3%	16.6%	18.3%	11.9%	9.6%	14.1%	25.5%	7.0%	11.7%	10.1%	16.1%	6.5%	9.7%	9.74%
FCF Margin	29.0%	26.4%	29.0%	24.6%	21.1%	13.1%	0.9%	-8.7%	-13.5%	-15.3%	-11.8%	-6.8%	-1.8%	2.9%	-5.5%	1.3%	-3.3%	-4.4%	0.5%	7.8%	7.82%
OCF Margin	31.1%	28.5%	30.9%	26.2%	23.0%	15.9%	5.3%	0.8%	0.8%	3.5%	9.9%	16.1%	19.4%	19.9%	6.9%	6.0%	-0.9%	-1.5%	3.3%	10.8%	10.75%
ROE 3Y Avg	snapshot only																				6.45%
ROE 5Y Avg	snapshot only																				29.25%
ROA 3Y Avg	snapshot only																				4.49%
ROIC 3Y Avg	snapshot only																				3.81%
ROIC Economic	snapshot only																				2.71%
Cash ROA	snapshot only																				8.96%
Cash ROIC	snapshot only																				10.86%
CROIC	snapshot only																				7.89%
NOPAT Margin	snapshot only																				2.78%
Pretax Margin	snapshot only																				3.26%
R&D / Revenue	snapshot only																				2.20%
SGA / Revenue	snapshot only																				19.97%
SBC / Revenue	snapshot only																				1.69%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	7.99	3.05	3.46	3.17	2.77	2.77	4.77	5.68	7.47	13.28	14.47	20.91	20.83	18.13	20.23	15.14	14.82	30.29	28.30	42.78	57.247
P/S Ratio	0.76	0.69	0.88	0.82	0.68	0.62	0.86	0.80	0.87	1.02	1.04	1.20	1.05	1.34	1.36	1.06	0.90	0.86	0.73	0.91	1.416
P/B Ratio	2.00	2.88	3.64	3.33	2.57	1.49	1.60	1.25	1.25	1.27	1.38	1.61	1.43	1.80	1.74	1.36	1.10	1.09	0.92	1.14	1.889
P/FCF	2.62	2.62	3.03	3.32	3.23	4.75	99.12	-9.16	-6.47	-6.69	-8.82	-17.81	-58.93	45.48	-24.60	78.67	-26.98	-19.46	153.28	11.62	11.616
P/OCF	2.45	2.44	2.85	3.11	2.96	3.91	16.09	105.55	104.79	29.27	10.57	7.47	5.43	6.73	19.71	17.73	—	—	22.16	8.45	8.448
EV/EBITDA	4.57	1.92	2.30	2.08	1.74	1.61	2.63	2.74	3.37	6.19	6.58	8.56	7.84	8.61	9.13	6.93	6.23	8.91	7.85	9.86	9.862
EV/Revenue	0.84	0.63	0.81	0.75	0.61	0.53	0.74	0.66	0.72	1.04	1.06	1.22	1.07	1.37	1.40	1.09	0.93	1.05	0.92	1.10	1.100
EV/EBIT	5.86	2.13	2.49	2.25	1.90	1.81	3.13	3.52	4.62	10.10	10.99	15.75	15.37	14.17	15.60	11.54	11.03	20.78	18.94	25.67	25.675
EV/FCF	2.88	2.38	2.81	3.05	2.89	4.04	85.31	-7.53	-5.31	-6.84	-9.01	-18.12	-60.10	46.55	-25.20	81.12	-28.01	-23.74	193.27	14.07	14.070
Earnings Yield	12.5%	32.8%	28.9%	31.5%	36.1%	36.1%	21.0%	17.6%	13.4%	7.5%	6.9%	4.8%	4.8%	5.5%	4.9%	6.6%	6.7%	3.3%	3.5%	2.3%	2.34%
FCF Yield	38.1%	38.1%	33.0%	30.2%	31.0%	21.1%	1.0%	-10.9%	-15.5%	-14.9%	-11.3%	-5.6%	-1.7%	2.2%	-4.1%	1.3%	-3.7%	-5.1%	0.7%	8.6%	8.61%
Price/Tangible Book	snapshot only																				1.207
EV/OCF	snapshot only																				10.233
EV/Gross Profit	snapshot only																				4.244
Acquirers Multiple	snapshot only																				25.803
Shareholder Yield	snapshot only																				11.16%
Graham Number	snapshot only																				$6.44

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	3.03	2.13	2.13	2.13	2.13	3.68	3.68	3.68	3.68	3.35	3.35	3.35	3.35	3.05	3.05	3.05	3.05	4.16	4.16	4.16	4.161
Quick Ratio	2.23	1.51	1.51	1.51	1.51	2.15	2.15	2.15	2.15	1.32	1.32	1.32	1.32	1.35	1.35	1.35	1.35	1.31	1.31	1.31	1.312
Debt/Equity	0.52	0.15	0.15	0.15	0.15	0.11	0.11	0.11	0.11	0.17	0.17	0.17	0.17	0.19	0.19	0.19	0.19	0.31	0.31	0.31	0.308
Net Debt/Equity	0.20	-0.27	-0.27	-0.27	-0.27	-0.22	-0.22	-0.22	-0.22	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.24	0.24	0.24	0.240
Debt/Assets	0.28	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.12	0.12	0.12	0.12	0.13	0.13	0.13	0.13	0.21	0.21	0.21	0.205
Debt/EBITDA	1.08	0.11	0.11	0.11	0.12	0.14	0.21	0.30	0.37	0.80	0.78	0.88	0.90	0.91	1.00	0.96	1.06	2.06	2.08	2.20	2.205
Net Debt/EBITDA	0.41	-0.20	-0.18	-0.18	-0.20	-0.28	-0.43	-0.59	-0.74	0.13	0.13	0.15	0.15	0.20	0.22	0.21	0.23	1.61	1.63	1.72	1.720
Interest Coverage	24.14	83.49	114.86	170.81	148.92	118.90	78.34	53.42	42.25	36.40	53.13	34.57	22.74	23.50	15.53	13.12	9.28	5.17	4.48	3.53	3.533
Equity Multiplier	1.88	1.68	1.68	1.68	1.68	1.38	1.38	1.38	1.38	1.41	1.41	1.41	1.41	1.44	1.44	1.44	1.44	1.50	1.50	1.50	1.502
Cash Ratio	snapshot only																				0.379
Debt Service Coverage	snapshot only																				9.199
Cash to Debt	snapshot only																				0.220
FCF to Debt	snapshot only																				0.318
Defensive Interval	snapshot only																				293.2 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	1.36	1.88	1.88	1.85	1.71	1.83	1.43	1.20	1.09	0.92	0.98	0.99	1.00	0.96	0.91	0.92	0.88	0.83	0.83	0.82	0.820
Inventory Turnover	4.55	6.96	6.78	6.57	6.12	4.55	3.70	3.26	3.08	2.07	2.27	2.34	2.40	2.23	2.12	2.13	2.07	1.98	1.98	1.97	1.972
Receivables Turnover	13.97	17.26	17.21	16.92	15.68	13.28	10.36	8.67	7.93	8.13	8.64	8.71	8.85	9.38	8.93	9.01	8.63	8.26	8.20	8.12	8.116
Payables Turnover	18.17	14.28	13.90	13.47	12.56	11.21	9.11	8.04	7.58	9.72	10.64	10.98	11.29	9.59	9.09	9.14	8.90	10.11	10.08	10.05	10.055
DSO	26	21	21	22	23	27	35	42	46	45	42	42	41	39	41	41	42	44	44	45	45.0 days
DIO	80	52	54	56	60	80	99	112	119	176	161	156	152	163	172	172	176	184	185	185	185.1 days
DPO	20	26	26	27	29	33	40	45	48	38	34	33	32	38	40	40	41	36	36	36	36.3 days
Cash Conversion Cycle	86	48	49	50	54	75	94	108	116	184	169	165	161	164	173	172	177	192	193	194	193.7 days
Fixed Asset Turnover	snapshot only																				1.922
Operating Cycle	snapshot only																				230.0 days
Cash Velocity	snapshot only																				18.485
Capital Intensity	snapshot only																				1.200

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	64.1%	63.2%	32.6%	17.1%	-1.2%	-22.0%	-39.0%	-48.0%	-48.7%	-44.5%	-24.5%	-9.1%	1.1%	11.8%	0.2%	0.3%	-5.4%	-11.4%	-7.6%	-9.4%	-9.38%
Net Income	5.6%	5.1%	27.1%	5.9%	1.6%	-22.8%	-56.9%	-71.5%	-75.7%	-81.0%	-69.7%	-62.9%	-56.2%	7.4%	-6.3%	22.0%	13.2%	-66.1%	-64.7%	-72.5%	-72.50%
EPS	5.6%	5.3%	31.0%	7.1%	2.0%	-11.9%	-54.1%	-69.9%	-75.1%	-81.0%	-70.0%	-63.1%	-56.1%	7.1%	-3.7%	25.8%	17.3%	-64.8%	-63.9%	-72.4%	-72.38%
FCF	34.7%	2.6%	69.3%	9.2%	-28.1%	-61.2%	-98.2%	-1.2%	-1.3%	-1.6%	-11.3%	29.8%	86.6%	1.2%	53.0%	1.2%	-75.9%	-2.3%	1.1%	4.3%	4.26%
EBITDA	1.5%	96.6%	5.4%	2.4%	88.7%	-21.5%	-51.7%	-65.3%	-68.9%	-71.5%	-56.4%	-45.9%	-34.8%	5.6%	-5.3%	10.7%	3.2%	-34.8%	-29.4%	-35.9%	-35.93%
Op. Income	3.5%	7.7%	22.3%	3.8%	1.2%	-23.1%	-56.9%	-71.6%	-77.8%	-83.1%	-72.3%	-66.6%	-46.8%	6.8%	-8.7%	23.9%	-9.3%	-47.5%	-42.1%	-53.2%	-53.20%
OCF Growth	snapshot only																				62.97%
Asset Growth	snapshot only																				-3.09%
Equity Growth	snapshot only																				-6.87%
Debt Growth	snapshot only																				47.48%
Shares Change	snapshot only																				-0.44%
Dividend Growth	snapshot only																				2.24%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	15.3%	22.2%	21.4%	19.9%	16.6%	10.6%	2.6%	-2.9%	-6.0%	-10.9%	-15.1%	-17.9%	-20.0%	-21.5%	-22.7%	-22.0%	-21.2%	-18.1%	-11.2%	-6.2%	-6.16%
Revenue 5Y	8.3%	8.9%	7.1%	4.5%	2.4%	-0.9%	-4.0%	-5.3%	-4.9%	-4.6%	-3.8%	-4.0%	-3.9%	-3.4%	-3.9%	-3.5%	-4.5%	-6.9%	-10.8%	-12.8%	-12.84%
EPS 3Y	33.3%	1.4%	1.2%	1.1%	1.6%	1.3%	1.6%	2.1%	70.2%	—	—	-3.6%	-31.0%	-43.7%	-49.0%	-48.1%	-49.6%	-58.5%	-52.9%	-49.6%	-49.58%
EPS 5Y	4.0%	23.6%	23.7%	19.9%	17.6%	13.6%	9.3%	9.1%	12.1%	16.9%	7.7%	1.0%	13.9%	20.9%	36.9%	68.4%	20.5%	—	—	-20.8%	-20.82%
Net Income 3Y	34.1%	1.3%	1.1%	1.0%	1.5%	1.2%	1.4%	1.9%	59.8%	—	—	-9.8%	-35.2%	-46.0%	-50.3%	-49.5%	-50.6%	-59.0%	-53.5%	-50.1%	-50.08%
Net Income 5Y	3.8%	21.8%	20.1%	16.1%	13.2%	9.2%	6.0%	5.4%	8.4%	12.9%	4.1%	-2.4%	10.1%	16.6%	31.8%	61.4%	15.1%	—	—	-24.4%	-24.44%
EBITDA 3Y	20.5%	64.8%	59.3%	57.3%	50.0%	45.6%	29.5%	18.8%	13.1%	1.8%	10.6%	-14.1%	-27.4%	-38.2%	-41.5%	-40.8%	-40.6%	-41.9%	-33.7%	-27.3%	-27.35%
EBITDA 5Y	1.8%	12.6%	12.0%	8.9%	6.3%	2.6%	-0.8%	-2.2%	0.5%	0.0%	-3.1%	-6.1%	-7.3%	-1.5%	-2.1%	0.1%	-0.5%	71.9%	-2.0%	-14.8%	-14.76%
Gross Profit 3Y	21.3%	34.2%	32.8%	31.8%	26.7%	18.3%	7.6%	-0.3%	-5.2%	-13.0%	-20.3%	-25.6%	-29.3%	-30.5%	-32.0%	-31.7%	-31.6%	-30.2%	-23.2%	-17.2%	-17.25%
Gross Profit 5Y	8.7%	10.0%	8.6%	6.0%	3.5%	-0.0%	-3.4%	-5.4%	-4.2%	-4.6%	-5.9%	-7.3%	-8.1%	-6.8%	-7.2%	-6.3%	-7.9%	-11.5%	-16.2%	-19.4%	-19.35%
Op. Income 3Y	37.6%	1.3%	1.0%	97.4%	1.0%	87.7%	82.2%	74.7%	30.4%	—	40.6%	-23.2%	-36.0%	-48.2%	-52.3%	-51.0%	-52.5%	-54.4%	-47.3%	-42.2%	-42.17%
Op. Income 5Y	0.9%	15.6%	14.8%	11.3%	8.7%	4.7%	1.5%	0.5%	5.1%	9.5%	-0.3%	-6.1%	-0.6%	3.6%	8.8%	17.1%	1.4%	—	8.0%	-23.5%	-23.45%
FCF 3Y	—	90.1%	55.3%	54.4%	56.1%	70.3%	—	—	—	—	—	—	—	-62.2%	—	-70.4%	—	—	-27.3%	—	—
FCF 5Y	17.6%	16.3%	16.2%	9.3%	4.9%	5.2%	-26.2%	—	—	—	—	—	—	-7.2%	—	—	—	—	-58.8%	-31.7%	-31.66%
OCF 3Y	2.2%	72.3%	47.3%	41.1%	38.6%	33.9%	26.6%	-32.3%	-28.3%	-43.9%	-37.7%	-32.2%	-31.6%	-30.3%	-53.0%	-52.4%	—	—	-24.4%	1.3%	1.27%
OCF 5Y	14.8%	13.3%	12.4%	6.6%	2.5%	2.2%	-6.8%	-32.9%	-14.8%	-23.0%	-14.0%	-4.0%	3.1%	13.2%	14.8%	17.4%	—	—	-40.5%	-28.3%	-28.34%
Assets 3Y	-2.5%	-15.7%	-15.7%	-15.7%	-15.7%	-13.4%	-13.4%	-13.4%	-13.4%	-9.5%	-9.5%	-9.5%	-9.5%	9.0%	9.0%	9.0%	9.0%	4.0%	4.0%	4.0%	4.00%
Assets 5Y	8.2%	-6.3%	-6.3%	-6.3%	-6.3%	-8.8%	-8.8%	-8.8%	-8.8%	-6.2%	-6.2%	-6.2%	-6.2%	-5.5%	-5.5%	-5.5%	-5.5%	-5.2%	-5.2%	-5.2%	-5.16%
Equity 3Y	-0.5%	-14.2%	-14.2%	-14.2%	-14.2%	-6.7%	-6.7%	-6.7%	-6.7%	-0.2%	-0.2%	-0.2%	-0.2%	14.5%	14.5%	14.5%	14.5%	1.1%	1.1%	1.1%	1.09%
Book Value 3Y	-1.1%	-13.0%	-10.9%	-10.6%	-10.0%	-0.8%	-1.2%	-0.8%	-0.7%	6.1%	6.3%	6.6%	6.3%	19.6%	17.6%	17.6%	16.8%	2.2%	2.5%	2.1%	2.11%
Dividend 3Y	—	—	—	74.5%	42.6%	30.1%	15.8%	14.8%	14.4%	13.6%	13.9%	14.4%	13.8%	11.0%	7.9%	6.5%	4.7%	2.8%	2.4%	1.8%	1.76%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.27	0.31	0.32	0.19	0.13	0.05	0.01	0.01	0.01	0.00	0.02	0.06	0.10	0.14	0.16	0.15	0.19	0.40	0.92	0.81	0.812
Earnings Stability	0.11	0.01	0.07	0.11	0.19	0.19	0.19	0.22	0.28	0.17	0.11	0.06	0.04	0.02	0.00	0.00	0.04	0.04	0.12	0.24	0.245
Margin Stability	0.92	0.88	0.89	0.88	0.89	0.89	0.91	0.91	0.89	0.85	0.85	0.83	0.83	0.83	0.82	0.81	0.81	0.81	0.82	0.83	0.826
Rev. Growth Consistency	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	0	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	1	0
Earnings Persistence	0.50	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.97	0.97	0.91	0.95	0.50	0.50	0.50	0.500
Earnings Smoothness	0.00	—	—	0.00	0.13	0.74	0.20	0.00	0.00	0.00	0.00	0.08	0.22	0.93	0.94	0.80	0.88	0.01	0.04	0.00	0.000
ROE Trend	0.21	1.00	1.06	0.99	0.79	0.15	-0.18	-0.36	-0.42	-0.65	-0.60	-0.56	-0.48	-0.22	-0.13	-0.06	-0.04	-0.06	-0.06	-0.06	-0.057
Gross Margin Trend	0.05	0.08	0.08	0.08	0.07	0.05	0.01	-0.04	-0.07	-0.11	-0.12	-0.13	-0.13	-0.08	-0.06	-0.03	-0.03	-0.04	-0.04	-0.03	-0.034
FCF Margin Trend	0.25	0.19	0.19	0.12	0.07	-0.06	-0.25	-0.34	-0.39	-0.35	-0.27	-0.15	-0.06	0.04	-0.00	0.09	0.04	0.02	0.09	0.11	0.105
Sustainable Growth Rate	22.0%	74.6%	82.2%	81.4%	71.4%	57.3%	33.5%	20.1%	13.7%	5.0%	4.7%	2.5%	1.4%	4.5%	3.1%	3.4%	1.8%	-2.5%	-2.8%	-3.4%	-3.42%
Internal Growth Rate	13.9%	70.9%	84.0%	82.7%	65.8%	61.4%	28.7%	15.4%	10.0%	3.7%	3.5%	1.8%	1.0%	3.2%	2.2%	2.5%	1.3%	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	3.27	1.25	1.22	1.02	0.93	0.71	0.30	0.05	0.07	0.45	1.37	2.80	3.84	2.69	1.03	0.85	-0.15	-0.54	1.28	5.06	5.063
FCF/OCF	0.93	0.93	0.94	0.94	0.92	0.82	0.16	-11.52	-16.20	-4.37	-1.20	-0.42	-0.09	0.15	-0.80	0.23	3.69	2.89	0.14	0.73	0.727
FCF/Net Income	snapshot only																				3.682
OCF/EBITDA	snapshot only																				0.964
CapEx/Revenue	2.1%	2.0%	1.9%	1.6%	1.9%	2.8%	4.5%	9.5%	14.3%	18.8%	21.7%	22.9%	21.2%	17.0%	12.5%	4.6%	2.4%	2.9%	2.8%	2.9%	2.93%
CapEx/Depreciation	snapshot only																				0.427
Accruals Ratio	-0.29	-0.11	-0.10	-0.01	0.03	0.12	0.18	0.16	0.12	0.04	-0.03	-0.10	-0.14	-0.12	-0.00	0.01	0.06	0.04	-0.01	-0.07	-0.071
Sloan Accruals	snapshot only																				-0.026
Cash Flow Adequacy	snapshot only																				1.364
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.7%	1.1%	1.2%	1.5%	2.0%	2.8%	2.7%	3.6%	3.9%	3.7%	3.6%	3.3%	3.9%	3.1%	3.2%	4.1%	5.2%	5.7%	6.7%	5.5%	3.36%
Dividend/Share	$0.10	$0.16	$0.25	$0.27	$0.30	$0.33	$0.34	$0.36	$0.38	$0.40	$0.41	$0.44	$0.46	$0.48	$0.49	$0.50	$0.51	$0.52	$0.52	$0.52	$0.52
Payout Ratio	5.8%	3.3%	4.3%	4.7%	5.7%	7.7%	13.0%	20.7%	28.9%	49.7%	52.6%	68.6%	80.3%	55.6%	65.1%	62.7%	76.6%	1.7%	1.9%	2.3%	2.33%
FCF Payout Ratio	1.9%	2.8%	3.8%	4.9%	6.6%	13.2%	2.7%	—	—	—	—	—	—	1.4%	—	3.3%	—	—	10.3%	63.3%	63.34%
Total Payout Ratio	59.6%	47.8%	58.2%	58.6%	66.5%	54.4%	55.8%	84.9%	30.8%	52.4%	54.8%	99.1%	1.2%	83.3%	1.3%	1.3%	1.7%	1.8%	3.0%	4.8%	4.77%
Div. Increase Streak	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	—	—	—	3.71	1.53	0.86	0.33	0.29	0.28	0.26	0.26	0.26	0.25	0.23	0.19	0.16	0.13	0.11	0.10	0.08	0.077
Buyback Yield	6.7%	14.6%	15.6%	17.0%	22.0%	16.8%	9.0%	11.3%	0.3%	0.2%	0.1%	1.5%	1.8%	1.5%	3.3%	4.5%	6.0%	0.4%	4.0%	5.7%	5.70%
Net Buyback Yield	6.5%	14.6%	15.6%	16.9%	21.8%	16.5%	8.7%	11.1%	0.1%	0.0%	-0.1%	1.2%	1.5%	1.4%	3.3%	4.5%	6.0%	0.4%	4.0%	5.7%	5.70%
Total Shareholder Return	7.2%	15.7%	16.8%	18.4%	23.9%	19.3%	11.4%	14.8%	3.9%	3.8%	3.5%	4.5%	5.4%	4.5%	6.5%	8.7%	11.2%	6.1%	10.7%	11.2%	11.16%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.72	0.79	0.78	0.77	0.77	0.77	0.77	0.77	0.77	0.76	0.75	0.76	0.76	0.80	0.81	0.81	0.81	0.70	0.68	0.65	0.651
Interest Burden (EBT/EBIT)	0.93	0.98	1.00	1.00	1.00	0.99	0.99	0.98	0.98	0.97	0.99	0.98	0.96	0.95	0.93	0.91	0.88	0.81	0.78	0.76	0.761
EBIT Margin	0.14	0.30	0.33	0.33	0.32	0.29	0.24	0.19	0.16	0.10	0.10	0.08	0.07	0.10	0.09	0.09	0.08	0.05	0.05	0.04	0.043
Asset Turnover	1.36	1.88	1.88	1.85	1.71	1.83	1.43	1.20	1.09	0.92	0.98	0.99	1.00	0.96	0.91	0.92	0.88	0.83	0.83	0.82	0.820
Equity Multiplier	1.80	1.80	1.80	1.80	1.80	1.51	1.51	1.51	1.51	1.39	1.39	1.39	1.39	1.43	1.43	1.43	1.43	1.47	1.47	1.47	1.472

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.74	$4.81	$5.72	$5.73	$5.24	$4.23	$2.62	$1.73	$1.30	$0.80	$0.79	$0.64	$0.57	$0.86	$0.76	$0.80	$0.67	$0.30	$0.27	$0.22	$0.22
Book Value/Share	$6.95	$5.08	$5.43	$5.47	$5.65	$7.85	$7.82	$7.82	$7.81	$8.38	$8.26	$8.30	$8.36	$8.69	$8.82	$8.90	$9.01	$8.39	$8.41	$8.33	$8.19
Tangible Book/Share	$6.53	$4.63	$4.95	$4.99	$5.15	$7.36	$7.33	$7.33	$7.32	$7.89	$7.78	$7.81	$7.87	$8.22	$8.35	$8.42	$8.52	$7.91	$7.93	$7.85	$7.85
Revenue/Share	$18.28	$21.12	$22.51	$22.30	$21.32	$18.81	$14.62	$12.24	$11.17	$10.44	$10.94	$11.07	$11.33	$11.64	$11.25	$11.45	$11.11	$10.69	$10.65	$10.43	$10.95
FCF/Share	$5.30	$5.58	$6.53	$5.49	$4.50	$2.47	$0.13	$-1.07	$-1.51	$-1.59	$-1.29	$-0.75	$-0.20	$0.34	$-0.62	$0.15	$-0.37	$-0.47	$0.05	$0.82	$1.57
OCF/Share	$5.68	$6.02	$6.95	$5.85	$4.90	$3.00	$0.78	$0.09	$0.09	$0.36	$1.08	$1.78	$2.20	$2.32	$0.78	$0.68	$-0.10	$-0.16	$0.35	$1.12	$1.81
Cash/Share	$2.24	$2.16	$2.30	$2.32	$2.40	$2.63	$2.62	$2.62	$2.62	$1.17	$1.15	$1.16	$1.16	$1.32	$1.34	$1.35	$1.37	$0.57	$0.57	$0.56	$0.53
EBITDA/Share	$3.35	$6.90	$7.97	$8.04	$7.45	$6.18	$4.09	$2.94	$2.37	$1.76	$1.77	$1.58	$1.55	$1.86	$1.72	$1.81	$1.66	$1.25	$1.24	$1.16	$1.16
Debt/Share	$3.62	$0.79	$0.84	$0.85	$0.87	$0.88	$0.87	$0.87	$0.87	$1.40	$1.38	$1.39	$1.40	$1.69	$1.72	$1.73	$1.75	$2.58	$2.59	$2.56	$2.56
Net Debt/Share	$1.37	$-1.37	$-1.46	$-1.48	$-1.52	$-1.75	$-1.74	$-1.74	$-1.74	$0.24	$0.23	$0.24	$0.24	$0.37	$0.37	$0.38	$0.38	$2.02	$2.02	$2.00	$2.00

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.094
Altman Z-Prime	snapshot only																				8.189
Piotroski F-Score	8	7	7	7	5	5	5	5	5	4	4	4	5	7	6	6	4	3	5	5	5
Beneish M-Score	-4.05	-3.50	-3.50	-2.98	-2.58	-1.76	-0.62	-1.36	-1.87	-2.19	-2.30	-2.87	-3.12	-3.12	-2.42	-2.41	-2.02	-2.19	-2.50	-2.79	-2.789
Ohlson O-Score	snapshot only																				-8.257
ROIC (Greenblatt)	snapshot only																				4.41%
Net-Net WC	snapshot only																				$2.01
EVA	snapshot only																				$-33240407.16

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A+
Credit Score	94.33	96.73	96.51	96.47	96.40	96.76	95.85	91.55	90.01	90.35	91.38	91.42	91.25	95.83	89.38	89.91	79.79	74.20	69.06	79.31	79.305
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				-10.603
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				75
Sector Credit Rank	snapshot only																				70

SWBI NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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