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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $100.0M, roughly 1.1× Latham Group, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -7.0%, a 13.1% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 1.8%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -4.9%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
AAT vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $100.0M |
| Net Profit | $6.7M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 23.4% | -10.7% |
| Net Margin | 6.1% | -7.0% |
| Revenue YoY | 1.8% | 14.5% |
| Net Profit YoY | -16.3% | 76.0% |
| EPS (diluted) | $0.08 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $100.0M | ||
| Q3 25 | $109.6M | $161.9M | ||
| Q2 25 | $107.9M | $172.6M | ||
| Q1 25 | $108.6M | $111.4M | ||
| Q4 24 | $113.5M | $87.3M | ||
| Q3 24 | $122.8M | $150.5M | ||
| Q2 24 | $110.9M | $160.1M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $4.5M | $8.1M | ||
| Q2 25 | $5.5M | $16.0M | ||
| Q1 25 | $42.5M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $16.7M | $5.9M | ||
| Q2 24 | $11.9M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 28.0% | ||
| Q3 25 | 60.5% | 35.4% | ||
| Q2 25 | 62.6% | 37.1% | ||
| Q1 25 | 62.0% | 29.5% | ||
| Q4 24 | 61.3% | 24.6% | ||
| Q3 24 | 65.5% | 32.4% | ||
| Q2 24 | 63.6% | 33.1% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -10.7% | ||
| Q3 25 | 22.6% | 13.3% | ||
| Q2 25 | 24.1% | 14.3% | ||
| Q1 25 | 66.3% | -4.4% | ||
| Q4 24 | 26.5% | -14.9% | ||
| Q3 24 | 30.8% | 8.9% | ||
| Q2 24 | 27.8% | 12.5% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | 4.1% | 5.0% | ||
| Q2 25 | 5.1% | 9.3% | ||
| Q1 25 | 39.2% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 13.6% | 3.9% | ||
| Q2 24 | 10.7% | 8.3% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.06 | ||
| Q3 25 | $0.07 | $0.07 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.70 | $-0.05 | ||
| Q4 24 | $0.14 | $-0.24 | ||
| Q3 24 | $0.28 | $0.05 | ||
| Q2 24 | $0.20 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.1B | $405.9M |
| Total Assets | $2.9B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | — | ||
| Q3 25 | $138.7M | — | ||
| Q2 25 | $143.7M | — | ||
| Q1 25 | $143.9M | — | ||
| Q4 24 | $425.7M | — | ||
| Q3 24 | $533.0M | — | ||
| Q2 24 | $114.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $2.0B | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $405.9M | ||
| Q3 25 | $1.2B | $408.4M | ||
| Q2 25 | $1.2B | $398.4M | ||
| Q1 25 | $1.2B | $381.1M | ||
| Q4 24 | $1.2B | $387.2M | ||
| Q3 24 | $1.2B | $416.6M | ||
| Q2 24 | $1.2B | $408.1M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $823.2M | ||
| Q3 25 | $2.9B | $844.4M | ||
| Q2 25 | $3.0B | $822.1M | ||
| Q1 25 | $3.0B | $824.6M | ||
| Q4 24 | $3.3B | $794.2M | ||
| Q3 24 | $3.4B | $853.4M | ||
| Q2 24 | $3.0B | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 1.72× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | 14.5% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $23.3M | ||
| Q3 25 | $40.5M | $51.0M | ||
| Q2 25 | $49.2M | $36.0M | ||
| Q1 25 | $36.9M | $-46.9M | ||
| Q4 24 | $207.1M | $6.2M | ||
| Q3 24 | $52.4M | $37.2M | ||
| Q2 24 | $59.3M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $14.1M | ||
| Q3 25 | $23.1M | $45.2M | ||
| Q2 25 | $28.4M | $29.1M | ||
| Q1 25 | $20.4M | $-50.3M | ||
| Q4 24 | $136.9M | $-98.0K | ||
| Q3 24 | $28.0M | $33.2M | ||
| Q2 24 | $43.6M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 14.1% | ||
| Q3 25 | 21.1% | 27.9% | ||
| Q2 25 | 26.3% | 16.8% | ||
| Q1 25 | 18.8% | -45.2% | ||
| Q4 24 | 120.7% | -0.1% | ||
| Q3 24 | 22.8% | 22.1% | ||
| Q2 24 | 39.3% | 29.9% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 9.2% | ||
| Q3 25 | 15.9% | 3.6% | ||
| Q2 25 | 19.3% | 4.0% | ||
| Q1 25 | 15.1% | 3.1% | ||
| Q4 24 | 61.9% | 7.2% | ||
| Q3 24 | 19.9% | 2.7% | ||
| Q2 24 | 14.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | 6.29× | ||
| Q2 25 | 9.01× | 2.25× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 6.32× | ||
| Q2 24 | 4.98× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
