Category 05

Firearms and ammunition

Public companies whose primary business is civilian firearms, ammunition, components, accessories, or specialist retail.

Classification and underwriting

Category definition
Public companies whose primary business is civilian firearms, ammunition, components, accessories, or specialist retail.
Inclusion rules
  • firearms
  • ammunition
  • firearms retail
Exclusion rules
  • generic retailers without material firearms revenue
Value-chain roles
  • firearms manufacturer
  • ammunition manufacturer
  • component supplier
  • specialist retailer
Exposure measurement
Revenue share by firearms, ammunition, accessories, distribution channel, and customer market.
Core operating signals
  • orders
  • production
  • shipments
  • backlog
  • distributor inventory
  • gross margin
Underwriting variables
  • replacement demand
  • channel inventory
  • manufacturing utilization
  • retailer access
  • litigation exposure
Failure conditions
  • policy restriction
  • litigation shock
  • channel destocking
  • product recall
  • sustained demand normalization
Monitoring triggers
  • background-check data
  • orders and backlog
  • distributor inventory
  • new legislation
  • legal proceedings
Portfolio use
Narrow public-market exposure with demand cycles and policy risk kept distinct from military contracting.

Firearms and ammunition company research

Latest annual filing available through SEC EDGAR. Fiscal periods and currencies remain separate.

CompanyRevenueOperating marginNet marginOperating cash flowAssetsLiabilitiesAnnual filing
RGR · STURM RUGER & CO INC USD 151 M -8.1% 2.3% USD 54.3 M USD 342 M USD 58.2 M 10-K · 2025-12-31
SWBI · SMITH & WESSON BRANDS, INC. USD 524 M 5.6% 3.5% USD 114 M USD 513 M USD 136 M 10-K · 2026-04-30
POWW · Outdoor Holding Co USD 51.1 M -12.3% -6.9% Not reported in standardized XBRL USD 267 M USD 32.5 M 10-K · 2026-03-31

Research coverage only. No row identifies a holding, ranking, recommendation, target price, or performance result.