Sturm Ruger (RGR)
Market Price (8/22/2026): $39.075 | Market Cap: $623.5 MilSector: Industrials | Industry: Aerospace & Defense
Sturm Ruger (RGR)
Market Price (8/22/2026): $39.075Market Cap: $623.5 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -19% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Attractive yieldFCF Yield is 7.6% Low stock price volatilityVol 12M is 36% Megatrend and thematic driversMegatrends include Personal Safety & Security, and Outdoor & Recreational Lifestyles. Themes include Firearms for Self-Defense, and Hunting & Sport Shooting Equipment. | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -97% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 55x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% Key risksRGR key risks include [1] substantial litigation exposure from the potential repeal of the Protection of Lawful Commerce in Arms Act (PLCAA) and [2] declining financial sustainability due to falling profitability, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -19% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Attractive yieldFCF Yield is 7.6% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Personal Safety & Security, and Outdoor & Recreational Lifestyles. Themes include Firearms for Self-Defense, and Hunting & Sport Shooting Equipment. |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -97% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 55x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% |
| Key risksRGR key risks include [1] substantial litigation exposure from the potential repeal of the Protection of Lawful Commerce in Arms Act (PLCAA) and [2] declining financial sustainability due to falling profitability, Show more. |
Qualitative Assessment
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Sturm Ruger (RGR) stock has lost about 10% since 4/30/2026 because of the following key factors:
1. Fiscal Q1 2026 Adjusted Earnings Miss and Non-Recurring Expenses.
Sturm Ruger's stock experienced downward pressure following its fiscal Q1 2026 earnings announcement on May 6, 2026. The company reported adjusted diluted earnings per share of $0.27, which missed the consensus estimate of $0.34 by $0.07. This miss occurred despite net sales increasing 4.1% year-over-year to $141.4 million, surpassing expectations. Contributing to the lower earnings were approximately $3.2 million in legal, professional, and advisory fees related to the Strategic Cooperation Agreement with Beretta Holding S.A., along with a one-time non-recurring expense of $1.7 million (or $0.07 per share).
2. Modest Decline in Firearm Unit Sales and Dealer Inventory Adjustments.
The broader firearms market showed signs of softening in the period, specifically during fiscal Q2 2026 (ended June 30, 2026). While Sturm Ruger's retail revenue increased due to a shift towards higher-priced products, overall firearm unit sales declined modestly. This trend was also accompanied by dealers actively reducing inventory across firearms, ammunition, optics, and suppressor markets, suggesting a cautious approach to stocking. Although adjusted NICS background checks saw approximately 5% growth in Q2 2026, the modest decline in unit sales indicates underlying demand challenges affecting the industry.
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Sturm Ruger (RGR) stock has lost about 10% since 4/30/2026 because of the following key factors:
1. Fiscal Q1 2026 Adjusted Earnings Miss and Non-Recurring Expenses.
Sturm Ruger's stock experienced downward pressure following its fiscal Q1 2026 earnings announcement on May 6, 2026. The company reported adjusted diluted earnings per share of $0.27, which missed the consensus estimate of $0.34 by $0.07. This miss occurred despite net sales increasing 4.1% year-over-year to $141.4 million, surpassing expectations. Contributing to the lower earnings were approximately $3.2 million in legal, professional, and advisory fees related to the Strategic Cooperation Agreement with Beretta Holding S.A., along with a one-time non-recurring expense of $1.7 million (or $0.07 per share).
2. Modest Decline in Firearm Unit Sales and Dealer Inventory Adjustments.
The broader firearms market showed signs of softening in the period, specifically during fiscal Q2 2026 (ended June 30, 2026). While Sturm Ruger's retail revenue increased due to a shift towards higher-priced products, overall firearm unit sales declined modestly. This trend was also accompanied by dealers actively reducing inventory across firearms, ammunition, optics, and suppressor markets, suggesting a cautious approach to stocking. Although adjusted NICS background checks saw approximately 5% growth in Q2 2026, the modest decline in unit sales indicates underlying demand challenges affecting the industry.
3. Persistent Investor Sentiment Fragility and External Risks.
Despite a strong performance in fiscal Q2 2026, where Sturm Ruger announced net sales of $158.1 million (a 19% increase year-over-year) and adjusted diluted earnings of $0.52 per share (exceeding estimates), investor sentiment remained fragile, contributing to the stock's continued decline. The market reaction reflected ongoing concerns about external factors such as policy risks, environmental, social, and governance (ESG) factors, and uncertainties in demand cycles, as highlighted by management. Additionally, delays in some new product launches and anticipated heavier capital expenditures in the second half of 2026 added to execution risk.
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Stock Movement Drivers
Fundamental Drivers
The -9.2% change in RGR stock from 4/30/2026 to 8/21/2026 was primarily driven by a -13.9% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.02 | 39.07 | -9.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 546 | 577 | 5.7% |
| P/S Multiple | 1.3 | 1.1 | -13.9% |
| Shares Outstanding (Mil) | 16 | 16 | -0.2% |
| Cumulative Contribution | -9.2% |
Market Drivers
4/30/2026 to 8/21/2026| Return | Correlation | |
|---|---|---|
| RGR | -9.2% | |
| Market (SPY) | 6.5% | 21.0% |
| Sector (XLI) | 3.2% | 11.7% |
Fundamental Drivers
The 7.6% change in RGR stock from 1/31/2026 to 8/21/2026 was primarily driven by a 338.5% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.31 | 39.07 | 7.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 541 | 577 | 6.7% |
| Net Income Margin (%) | 0.5% | 2.1% | 338.5% |
| P/E Multiple | 223.8 | 51.2 | -77.1% |
| Shares Outstanding (Mil) | 16 | 16 | 0.5% |
| Cumulative Contribution | 7.6% |
Market Drivers
1/31/2026 to 8/21/2026| Return | Correlation | |
|---|---|---|
| RGR | 7.6% | |
| Market (SPY) | 11.0% | 25.9% |
| Sector (XLI) | 9.3% | 26.7% |
Fundamental Drivers
The 16.3% change in RGR stock from 7/31/2025 to 8/21/2026 was primarily driven by a 96.5% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.60 | 39.07 | 16.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 536 | 577 | 7.6% |
| Net Income Margin (%) | 1.1% | 2.1% | 96.5% |
| P/E Multiple | 95.6 | 51.2 | -46.4% |
| Shares Outstanding (Mil) | 16 | 16 | 2.6% |
| Cumulative Contribution | 16.3% |
Market Drivers
7/31/2025 to 8/21/2026| Return | Correlation | |
|---|---|---|
| RGR | 16.3% | |
| Market (SPY) | 22.2% | 28.9% |
| Sector (XLI) | 19.8% | 29.3% |
Fundamental Drivers
The -22.1% change in RGR stock from 7/31/2023 to 8/21/2026 was primarily driven by a -83.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.18 | 39.07 | -22.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 579 | 577 | -0.3% |
| Net Income Margin (%) | 12.5% | 2.1% | -83.2% |
| P/E Multiple | 12.2 | 51.2 | 318.2% |
| Shares Outstanding (Mil) | 18 | 16 | 10.8% |
| Cumulative Contribution | -22.1% |
Market Drivers
7/31/2023 to 8/21/2026| Return | Correlation | |
|---|---|---|
| RGR | -22.1% | |
| Market (SPY) | 73.2% | 17.9% |
| Sector (XLI) | 70.0% | 23.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RGR Return | 9% | -15% | -8% | -21% | -6% | 18% | -26% |
| Peers Return | 0% | -13% | 82% | 28% | 88% | 5% | 300% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| RGR Win Rate | 42% | 42% | 58% | 25% | 58% | 62% | |
| Peers Win Rate | 42% | 50% | 71% | 50% | 62% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RGR Max Drawdown | -27% | -31% | -27% | -26% | -39% | -15% | |
| Peers Max Drawdown | -36% | -44% | -22% | -25% | -23% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLY, ATRO, AADX, SPCX, GE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | RGR | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -20.2% | -33.7% |
| % Gain to Breakeven | 25.3% | 50.9% |
| Time to Breakeven | 27 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.3% | 23.8% |
| Time to Breakeven | 520 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -17.0% | -3.7% |
| % Gain to Breakeven | 20.5% | 3.9% |
| Time to Breakeven | 146 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.9% | -12.2% |
| % Gain to Breakeven | 29.7% | 13.9% |
| Time to Breakeven | 61 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -32.1% | -6.8% |
| % Gain to Breakeven | 47.2% | 7.3% |
| Time to Breakeven | 73 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -12.4% | -15.4% |
| % Gain to Breakeven | 14.2% | 18.2% |
| Time to Breakeven | 16 days | 125 days |
In The Past
Sturm Ruger's stock fell -6.4% during the 2025 US Tariff Shock. Such a loss loss requires a 6.9% gain to breakeven.
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Asset Allocation
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| Event | RGR | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -20.2% | -33.7% |
| % Gain to Breakeven | 25.3% | 50.9% |
| Time to Breakeven | 27 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.9% | -12.2% |
| % Gain to Breakeven | 29.7% | 13.9% |
| Time to Breakeven | 61 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -32.1% | -6.8% |
| % Gain to Breakeven | 47.2% | 7.3% |
| Time to Breakeven | 73 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -53.5% | -53.4% |
| % Gain to Breakeven | 115.0% | 114.4% |
| Time to Breakeven | 105 days | 1085 days |
In The Past
Sturm Ruger's stock fell -6.4% during the 2025 US Tariff Shock. Such a loss loss requires a 6.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Sturm Ruger (RGR)
Sturm, Ruger & Company, Inc. (RGR) is a long-established American manufacturer, founded in 1949, primarily known for designing and selling firearms under the Ruger and Marlin brand names. The company operates through two main segments: Firearms and Castings, leveraging its expertise in precision manufacturing to serve distinct markets.
In its core Firearms segment, Sturm Ruger offers a wide range of products including various types of rifles (single-shot, autoloading, bolt-action, sporting), autoloading pistols (rimfire and centerfire), and both single-action and double-action revolvers. They also provide firearms accessories and replacement parts. These products are primarily sold through independent wholesale distributors to the commercial sporting market in the U.S., with international sales directed to commercial distributors, law enforcement agencies, and foreign governments.
Beyond firearms, the company's Castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. These components are sold directly or through manufacturers' representatives. This dual business model highlights Sturm Ruger's comprehensive capabilities, combining its primary focus on the sporting firearms market with specialized parts manufacturing.
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Here are 1-3 brief analogies for Sturm Ruger:
- Ford for firearms
- General Motors for firearms
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- Firearms: Sturm Ruger manufactures and sells a wide range of rifles, pistols, and revolvers under the Ruger and Marlin brands, along with firearm accessories and replacement parts.
- Steel Investment Castings: The company produces and sells steel investment castings, which are precision-shaped metal components.
- Metal Injection Molding (MIM) Parts: Sturm Ruger also manufactures and sells metal injection molding parts, which are small, complex metal components created through a specialized process.
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Sturm, Ruger & Company, Inc. (RGR) primarily sells its products to other companies and government entities, rather than directly to individual consumers. The provided company description does not list the specific names of its major customer companies or organizations.
However, based on the description, its major customer categories include:
- Independent Wholesale Distributors: These distributors purchase firearm products for the U.S. commercial sporting market, subsequently selling them to retailers.
- Companies Purchasing Steel Investment Castings and Metal Injection Molding (MIM) Parts: RGR manufactures and sells these parts directly or through manufacturers' representatives to other companies for their own use.
- Foreign Commercial Distributors: These entities facilitate the export of RGR's firearm products internationally.
- Foreign Law Enforcement Agencies and Foreign Governments: RGR sells its firearm products directly to these foreign customers.
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The key risks to Sturm, Ruger & Company, Inc. (RGR) are:
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Regulatory and Political Environment, and Market Demand Cyclicality: The firearms industry is highly susceptible to regulatory changes and shifting political sentiments, which directly impact market demand. Sturm Ruger faces challenges from declining industry-wide firearm sales, reduced revenue growth, and persistent profitability pressures, exacerbated by inflation and decreased consumer discretionary spending. Specific regulatory and legal risks include potential lawsuits over product design, such as concerns raised by the Attorney General regarding semi-automatic pistols being easily convertible to fully automatic weapons, and the lack of federal health and safety regulation leading to inherent product liability risks.
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Shareholder Activism and Potential Loss of Independence: Sturm Ruger is currently engaged in a significant proxy battle with Beretta Holding, which is attempting to gain substantial control and influence over the company's board and strategic direction. This includes Beretta's proposals for new board candidates, discounted share issuances that would dilute existing shareholders, and demands for board representation that Ruger claims would violate U.S. antitrust laws and governance best practices. This situation creates market volatility and could lead to a material alteration of Ruger's governance, strategic direction, and independence.
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Product Liability and Manufacturing Defects: As a firearms manufacturer, Sturm Ruger faces significant product liability risks stemming from the inherent nature of its products. The industry's exemption from federal health and safety regulation means there is no independent premarket testing, no federal agency collects information on gun defects, and no agency can mandate recalls, even for plainly defective guns. This exposes the company to potential claims arising from manufacturing defects, design flaws, and the failure to incorporate proven safety features, which can lead to unintentional firings and accidents.
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Addressable Markets for Sturm, Ruger & Company, Inc. (RGR)
Sturm, Ruger & Company, Inc. operates in the firearms market and the castings market, which includes steel investment castings and metal injection molding (MIM) parts.
Firearms
- The global firearms market was valued at approximately USD 9.9 billion in 2024 and is projected to grow to about USD 15.6 billion by 2034. Another estimate places the global firearms market at USD 10.4 billion in 2025, anticipated to reach USD 16.4 billion by 2035.
- The U.S. firearms market was worth over USD 3.7 billion in 2024.
Steel Investment Castings
- The global investment casting market was valued at approximately USD 17.53 billion in 2025 and is projected to reach USD 23.82 billion by 2031. Another source estimates the global investment casting market size at USD 19.85 billion in 2025, with a projection to reach approximately USD 30 billion by 2033.
- Sales of investment castings in North America were USD 5.09 billion in 2021.
Metal Injection Molding (MIM) Parts
- The global metal injection molding (MIM) market was valued at approximately USD 4.65 billion in 2024 and is expected to reach USD 8.99 billion by 2032. Other estimates place the global MIM market size at USD 4.86 billion in 2024, projected to grow to USD 11.08 billion by 2034, and USD 4.6 billion in 2025, anticipated to reach USD 12.2 billion in 2035.
- The U.S. metal injection molding (MIM) market, which captured 77.9% of the North American market share in 2024, was part of a North American MIM market valued at USD 390 million in 2024.
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Sturm, Ruger & Company (RGR) anticipates several key drivers to fuel its revenue growth over the next two to three years, primarily focusing on product innovation, brand expansion, market share capture, and diversification into related offerings.
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Consistent New Product Introductions and Innovation: Sturm Ruger has a stated strategy of continuously developing and launching innovative new firearms. New product sales accounted for 23% of firearm sales in 2023, increasing to 32% in Q1 and Q4 2024, and further to 33% in 2025. Notable recent and upcoming launches include the RXM 9-millimeter pistol, a collaboration with Magpul Industries, which is considered a significant launch for the company, the American Rifle Generation II family, and the LC Carbine. In 2025 alone, the company launched 65 new models, encompassing three new platforms: the Glenfield by Ruger rifle, the Red Label III shotgun, and the Harrier rifle. Management has indicated plans for additional RXM frame sizes, grip colors, and accessories, along with multiple new firearm platforms and an expanded accessory ecosystem in 2026.
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Expansion and Leveraging of the Marlin Brand: The acquisition of Marlin in 2020 strategically positioned Ruger to capitalize on the enduring appeal of lever-action firearms. The company is actively expanding the Marlin product line, including the introduction of rimfire variants and high-end limited editions, to meet demand in this market segment. Marlin lever-action rifles have been identified as a strong contributor to sales and a product family experiencing robust demand.
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Market Share Gains in a Challenging Environment: Despite a generally soft or declining overall firearms market, Ruger has demonstrated its ability to gain market share. In Q3 2024, the estimated unit sell-through of Ruger products from distributors to retailers increased by 9%, outpacing the 4.5% increase in adjusted NICS background checks. For the first nine months of 2024, Ruger's estimated distributor sell-through grew by 4% even as adjusted NICS decreased by 3%. Similarly, in 2025, estimated sell-through increased by 4.5% despite a 4.1% decrease in adjusted NICS. This indicates that Ruger is effectively outperforming the broader market and capturing a larger portion of consumer demand.
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Growth in High-Margin Accessories and Complementary Products: Sturm Ruger aims to expand its accessory ecosystem across its popular firearm platforms and refresh its accessory offerings to drive future growth. Strategic partnerships, such as the collaboration with Dead Air Silencers for RXD suppressors, also contribute to broadening product offerings and revenue streams beyond core firearms.
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Targeting New Demographics: The company sees opportunities to grow revenue by appealing to expanding customer segments. There is a focus on capitalizing on the growing interest from women and minority buyers, as well as engaging younger demographics in the sport shooting and personal defense markets. This strategic outreach aims to broaden Ruger's customer base and ensure sustained demand.
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Share Repurchases
- In 2025, Sturm Ruger repurchased 733,000 shares of its common stock for $26.0 million.
- In the first nine months of 2025, the company returned $26.1 million to shareholders through share repurchases.
Share Issuance
- Between 2024 and 2025, the number of issued common shares increased by 22,495 shares, from 24,467,983 in 2024 to 24,490,478 in 2025.
Inbound Investments
- Beretta Holding S.A. accumulated a significant economic interest in Sturm Ruger, reaching 7.7% ownership on September 22, 2025, and 9.0% on October 2, 2025.
- Sturm Ruger's Board of Directors adopted a limited-duration stockholder rights plan on October 14, 2025, in response to Beretta's accumulating interest, aiming to deter control acquisition without fair compensation to all stockholders.
Outbound Investments
- In Q2 2025, Sturm Ruger acquired Anderson Manufacturing's facility and equipment in Hebron, Kentucky, for $16 million to strengthen production capabilities and expand into the accessory business.
Capital Expenditures
- Capital expenditures totaled $30.9 million in 2025, which included $15.0 million for the Anderson acquisition.
- The company expected full-year capital expenditures to exceed $30 million in 2025, with a focus on new product development and capacity expansion.
- Projected capital expenditures for 2025 were also stated to be $35 million for investments in new product introductions, expanded capacity, upgraded manufacturing capabilities, and strengthened facility infrastructure.
Peer Outperformance in Aerospace & Defense
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 27.6% | 126.5% | 210.6% | CDNL 3246% · STRL 2254% · FIX 2172% |
| Marine Transportation | 4 | 62.9% | 65.0% | 163.5% | MATX 225% · KEX 166% · SFL 161% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 16.3% | 68.1% | 123.8% | CAT 340% · ALSN 287% · WAB 257% |
| Aerospace & Defense ← | 55 | 13.8% | 67.6% | 80.6% | DFNS 2047% · ATI 1066% · FTAI 993% |
| Passenger Ground Transportation | 3 | -2.4% | 61.6% | 71.8% | UBER 97% · CAR 72% · LYFT -62% |
| Industrial Machinery & Supplies & Components | 71 | 11.4% | 56.3% | 52.9% | CRS 1522% · PSIX 846% · GHM 752% |
| Rail Transportation | 7 | 39.8% | 76.5% | 48.5% | FSTR 120% · CSX 64% · UNP 54% |
| Cargo Ground Transportation | 16 | 47.1% | 13.9% | 47.5% | XPO 283% · R 277% · CVLG 227% |
| Trading Companies & Distributors | 18 | 7.1% | 37.0% | 45.6% | DXPE 541% · AIT 309% · URI 246% |
| Diversified Support Services | 34 | 11.6% | 36.1% | 40.8% | LIME 4674% · TH 414% · WLFC 357% |
| Electrical Components & Equipment | 40 | 29.9% | 46.9% | 36.1% | POWL 2449% · BE 907% · VRT 872% |
| Building Products | 33 | -1.6% | 16.9% | 29.6% | GFF 425% · LMB 425% · PPIH 297% |
| Industrial Conglomerates | 17 | 18.2% | 25.2% | 7.9% | RCMT 804% · TTI 181% · CSW 157% |
| Office Services & Supplies | 10 | 18.7% | 25.5% | 4.7% | TILE 198% · PBI 173% · EBF 53% |
| Environmental & Facilities Services | 28 | -8.4% | 17.4% | 3.7% | CECO 884% · ADUR 661% · GEO 314% |
| Research & Consulting Services | 13 | -5.4% | -18.0% | -3.9% | HURN 224% · CRAI 100% · GRNQ 58% |
| Agricultural & Farm Machinery | 17 | 0.1% | -4.0% | -11.0% | BLBD 199% · DE 97% · GENC 66% |
| Data Processing & Outsourced Services | 6 | -29.6% | -8.2% | -24.6% | EXLS 57% · BR 14% · G -23% |
| Passenger Airlines | 11 | 12.7% | -6.1% | -25.3% | LTM 2424% · UAL 157% · SKYW 152% |
| Human Resource & Employment Services | 20 | 10.0% | -19.7% | -36.0% | BBSI 90% · ADP 48% · KFY 39% |
| Air Freight & Logistics | 12 | -12.4% | -24.2% | -36.6% | CHRW 80% · FDX 68% · EXPD 62% |
| Security & Alarm Services | 10 | -31.8% | -17.6% | -46.9% | CIX 125% · MG 96% · BCO 54% |
| Airport Services | 3 | -67.8% | -71.2% | -58.6% | JOBY -24% · ASLE -59% · UP -100% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 58.53 |
| Mkt Cap | 3.7 |
| Rev LTM | 760 |
| Op Inc LTM | -61 |
| FCF LTM | -39 |
| FCF 3Y Avg | 34 |
| CFO LTM | 84 |
| CFO 3Y Avg | 53 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.1% |
| Rev Chg 3Y Avg | 15.0% |
| Rev Chg Q | 24.1% |
| QoQ Delta Rev Chg LTM | 5.5% |
| Op Inc Chg LTM | 59.5% |
| Op Inc Chg 3Y Avg | 21.6% |
| Op Mgn LTM | -6.3% |
| Op Mgn 3Y Avg | 6.0% |
| QoQ Delta Op Mgn LTM | 4.1% |
| CFO/Rev LTM | 11.0% |
| CFO/Rev 3Y Avg | 9.6% |
| FCF/Rev LTM | -8.3% |
| FCF/Rev 3Y Avg | 6.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Firearms | 543 | 533 | 541 | 593 | 728 |
| Castings | 26 | 35 | 36 | 24 | 27 |
| Eliminations | -24 | -32 | -33 | -21 | -25 |
| Total | 546 | 536 | 544 | 596 | 731 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2004 |
|---|---|---|---|---|---|
| Castings | -2 | -2 | -1 | -3 | -4 |
| Firearms | -11 | 33 | 53 | 107 | 10 |
| Total | -12 | 32 | 52 | 103 | 6 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Firearms | 205 | 230 | 229 | 223 | 188 |
| Corporate | 129 | 145 | 159 | 250 | 240 |
| Castings | 8 | 9 | 11 | 12 | 14 |
| Total | 342 | 384 | 399 | 485 | 442 |
Price Behavior
| Market Price | $39.07 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -16.1% | |
| 50 Days | 200 Days | |
| DMA Price | $38.13 | $37.23 |
| DMA Trend | down | down |
| Distance from DMA | 2.5% | 4.9% |
| 3M | 1YR | |
| Volatility | 28.1% | 35.9% |
| Downside Capture | 66.36 | 75.80 |
| Upside Capture | 49.30 | 75.99 |
| Correlation (SPY) | 21.4% | 26.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.65 | 0.30 | 0.36 | 0.49 | 0.80 | 0.36 |
| Up Beta | 1.41 | 0.14 | 0.08 | 0.29 | 0.49 | 0.23 |
| Down Beta | 1.24 | 0.15 | 0.06 | 0.53 | 1.12 | 0.40 |
| Up Capture | 8% | 22% | 13% | 45% | 68% | 9% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 13 | 21 | 29 | 65 | 130 | 374 |
| Down Capture | 38% | 55% | 97% | 63% | 88% | 77% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 22 | 34 | 58 | 117 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RGR | |
|---|---|---|---|---|
| RGR | 15.9% | 35.8% | 0.48 | - |
| Sector ETF (XLI) | 20.5% | 17.1% | 0.92 | 27.7% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 26.6% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 13.7% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | 0.8% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 19.5% |
| Bitcoin (BTCUSD) | -35.4% | 43.5% | -0.88 | 16.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RGR | |
|---|---|---|---|---|
| RGR | -9.9% | 30.4% | -0.31 | - |
| Sector ETF (XLI) | 13.1% | 17.6% | 0.57 | 30.3% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 28.5% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 8.4% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 5.5% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 26.7% |
| Bitcoin (BTCUSD) | 9.1% | 52.7% | 0.36 | 18.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RGR | |
|---|---|---|---|---|
| RGR | -1.3% | 33.0% | 0.04 | - |
| Sector ETF (XLI) | 13.8% | 20.0% | 0.60 | 23.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 23.6% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 6.7% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 8.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 19.7% |
| Bitcoin (BTCUSD) | 62.2% | 66.1% | 1.02 | 10.5% |
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Returns Analyses
Earnings Returns History
Updated 8/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 3.3% | 1.6% | |
| 5/6/2026 | -3.4% | -3.2% | -4.0% |
| 3/2/2026 | 0.7% | 1.3% | 5.9% |
| 11/5/2025 | -19.8% | -28.5% | -25.7% |
| 7/30/2025 | -1.3% | -3.5% | 0.2% |
| 4/30/2025 | -15.9% | -18.9% | -10.5% |
| 2/19/2025 | 12.3% | 12.9% | 12.3% |
| 10/30/2024 | -3.6% | -0.3% | -6.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 9 |
| # Negative | 14 | 15 | 14 |
| Median Positive | 4.0% | 5.6% | 5.9% |
| Median Negative | -7.3% | -7.3% | -6.8% |
| Max Positive | 12.3% | 14.1% | 19.4% |
| Max Negative | -19.8% | -28.5% | -25.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 3.3% | 1.6% | |
| 5/6/2026 | -3.4% | -3.2% | -4.0% |
| 3/2/2026 | 0.7% | 1.3% | 5.9% |
| 11/5/2025 | -19.8% | -28.5% | -25.7% |
| 7/30/2025 | -1.3% | -3.5% | 0.2% |
| 4/30/2025 | -15.9% | -18.9% | -10.5% |
| 2/19/2025 | 12.3% | 12.9% | 12.3% |
| 10/30/2024 | -3.6% | -0.3% | -6.3% |
| 7/31/2024 | -4.1% | -10.1% | -6.3% |
| 5/7/2024 | -7.0% | -6.9% | -7.2% |
| 2/21/2024 | -2.2% | -1.8% | 5.1% |
| 11/1/2023 | -16.4% | -19.9% | -17.6% |
| 8/2/2023 | 5.6% | 5.6% | -0.7% |
| 5/3/2023 | -7.7% | -7.3% | -8.1% |
| 2/22/2023 | 7.9% | 3.5% | -2.4% |
| 11/2/2022 | -8.4% | -5.0% | 10.9% |
| 8/3/2022 | -8.8% | -12.7% | -20.3% |
| 5/4/2022 | -5.2% | -8.2% | -2.7% |
| 2/23/2022 | 3.4% | 14.1% | 10.9% |
| 11/3/2021 | -8.1% | -10.3% | -19.8% |
| 8/4/2021 | 4.9% | 8.2% | 0.2% |
| 5/5/2021 | 3.3% | 7.9% | 19.4% |
| 2/17/2021 | 0.9% | 2.6% | 4.0% |
| 10/28/2020 | 4.7% | -3.9% | -6.0% |
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 9 |
| # Negative | 14 | 15 | 14 |
| Median Positive | 4.0% | 5.6% | 5.9% |
| Median Negative | -7.3% | -7.3% | -6.8% |
| Max Positive | 12.3% | 14.1% | 19.4% |
| Max Negative | -19.8% | -28.5% | -25.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 7/30/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 30.00 Mil | 0 | Affirmed | Guidance: 30.00 Mil for 2026 | |||
Prior: Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Capital Expenditures | 35.00 Mil | ||||||
Insider Activity
Updated 5/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Seyfert, Todd William | President & CEO | with Spouse | Buy | 5212026 | 39.15 | 1,500 | 58,725 | 58,725 | Form |
| 2 | Pettet, Bruce T | Direct | Buy | 5152026 | 39.89 | 1,000 | 39,890 | 303,403 | Form | |
| 3 | Widman, Phillip | Direct | Buy | 5132026 | 38.00 | 5,000 | 190,000 | 1,717,904 | Form | |
| 4 | Rosenthal, Amir | Direct | Sell | 11172025 | 30.96 | 500 | 15,480 | 620,717 | Form | |
| 5 | Killoy, Christopher John | Held jointly with spouse. | Sell | 9232025 | 40.00 | 8,776 | 351,058 | 1,130,019 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Seyfert, Todd William | President & CEO | with Spouse | Buy | 5212026 | 39.15 | 1,500 | 58,725 | 58,725 | Form |
| 2 | Pettet, Bruce T | Direct | Buy | 5152026 | 39.89 | 1,000 | 39,890 | 303,403 | Form | |
| 3 | Widman, Phillip | Direct | Buy | 5132026 | 38.00 | 5,000 | 190,000 | 1,717,904 | Form | |
| 4 | Rosenthal, Amir | Direct | Sell | 11172025 | 30.96 | 500 | 15,480 | 620,717 | Form | |
| 5 | Killoy, Christopher John | Held jointly with spouse. | Sell | 9232025 | 40.00 | 8,776 | 351,058 | 1,130,019 | Form | |
| 6 | Killoy, Christopher John | Held jointly with spouse. | Sell | 9232025 | 40.00 | 1,224 | 48,960 | 1,481,000 | Form | |
| 7 | Pettet, Bruce T | Direct | Buy | 8132025 | 33.10 | 500 | 16,550 | 218,659 | Form | |
| 8 | Killoy, Christopher John | Held jointly with spouse. | Sell | 6102025 | 37.01 | 8,583 | 317,616 | 1,537,903 | Form | |
| 9 | Colbert, Sarah F | VP, Gen Counsel, & Corp Secy | Direct | Sell | 6032025 | 35.80 | 8,000 | 286,384 | 20,190 | Form |
| 10 | Killoy, Christopher John | Held jointly with spouse. | Sell | 6022025 | 36.04 | 4,029 | 145,205 | 1,807,118 | Form | |
| 11 | Cosentino, John A JR | Direct | Buy | 5082025 | 33.11 | 8,000 | 264,885 | 525,631 | Form | |
| 12 | Lowney, Timothy | VP of Operations | Direct | Buy | 5082025 | 33.37 | 2,200 | 73,414 | 296,125 | Form |
| 13 | Widman, Phillip | Direct | Buy | 5082025 | 33.58 | 4,000 | 134,320 | 1,066,400 | Form | |
| 14 | Froman, Sandra S | Direct | Buy | 5082025 | 33.61 | 1,000 | 33,610 | 487,278 | Form |
Investor Activity (13F)
Updated Aug 22, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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