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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $100.0M, roughly 1.8× Latham Group, Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-14.7M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -4.9%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
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.
ACVA vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -9.7% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 15.1% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.12 | $-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.
| Q4 25 | $183.6M | $100.0M | ||
| Q3 25 | $199.6M | $161.9M | ||
| Q2 25 | $193.7M | $172.6M | ||
| Q1 25 | $182.7M | $111.4M | ||
| Q4 24 | $159.5M | $87.3M | ||
| Q3 24 | $171.3M | $150.5M | ||
| Q2 24 | $160.6M | $160.1M | ||
| Q1 24 | $145.7M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-24.5M | $8.1M | ||
| Q2 25 | $-7.3M | $16.0M | ||
| Q1 25 | $-14.8M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-16.0M | $5.9M | ||
| Q2 24 | $-17.1M | $13.3M | ||
| Q1 24 | $-20.5M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | -9.7% | -10.7% | ||
| Q3 25 | -11.9% | 13.3% | ||
| Q2 25 | -3.7% | 14.3% | ||
| Q1 25 | -7.9% | -4.4% | ||
| Q4 24 | -16.2% | -14.9% | ||
| Q3 24 | -10.0% | 8.9% | ||
| Q2 24 | -11.6% | 12.5% | ||
| Q1 24 | -15.5% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -12.3% | 5.0% | ||
| Q2 25 | -3.8% | 9.3% | ||
| Q1 25 | -8.1% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -9.4% | 3.9% | ||
| Q2 24 | -10.6% | 8.3% | ||
| Q1 24 | -14.1% | -7.1% |
| Q4 25 | $-0.12 | $-0.06 | ||
| Q3 25 | $-0.14 | $0.07 | ||
| Q2 25 | $-0.04 | $0.13 | ||
| Q1 25 | $-0.09 | $-0.05 | ||
| Q4 24 | $-0.15 | $-0.24 | ||
| Q3 24 | $-0.10 | $0.05 | ||
| Q2 24 | $-0.10 | $0.11 | ||
| Q1 24 | $-0.13 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $429.7M | $405.9M |
| Total Assets | $1.1B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | — | ||
| Q3 25 | $265.3M | — | ||
| Q2 25 | $258.4M | — | ||
| Q1 25 | $291.9M | — | ||
| Q4 24 | $224.1M | — | ||
| Q3 24 | $252.5M | — | ||
| Q2 24 | $215.0M | — | ||
| Q1 24 | $209.8M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $429.7M | $405.9M | ||
| Q3 25 | $434.4M | $408.4M | ||
| Q2 25 | $448.8M | $398.4M | ||
| Q1 25 | $439.6M | $381.1M | ||
| Q4 24 | $440.0M | $387.2M | ||
| Q3 24 | $456.2M | $416.6M | ||
| Q2 24 | $457.6M | $408.1M | ||
| Q1 24 | $458.3M | $391.8M |
| Q4 25 | $1.1B | $823.2M | ||
| Q3 25 | $1.2B | $844.4M | ||
| Q2 25 | $1.1B | $822.1M | ||
| Q1 25 | $1.2B | $824.6M | ||
| Q4 24 | $984.1M | $794.2M | ||
| Q3 24 | $1.0B | $853.4M | ||
| Q2 24 | $1.0B | $830.0M | ||
| Q1 24 | $1.0B | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $-12.4M | $23.3M |
| Free Cash FlowOCF − Capex | $-14.7M | $14.1M |
| FCF MarginFCF / Revenue | -8.0% | 14.1% |
| Capex IntensityCapex / Revenue | 1.2% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $23.3M | ||
| Q3 25 | $10.3M | $51.0M | ||
| Q2 25 | $13.7M | $36.0M | ||
| Q1 25 | $66.6M | $-46.9M | ||
| Q4 24 | $-3.2M | $6.2M | ||
| Q3 24 | $21.1M | $37.2M | ||
| Q2 24 | $4.5M | $52.4M | ||
| Q1 24 | $43.0M | $-34.5M |
| Q4 25 | $-14.7M | $14.1M | ||
| Q3 25 | $7.7M | $45.2M | ||
| Q2 25 | $10.9M | $29.1M | ||
| Q1 25 | $65.3M | $-50.3M | ||
| Q4 24 | $-3.9M | $-98.0K | ||
| Q3 24 | $20.2M | $33.2M | ||
| Q2 24 | $2.7M | $47.9M | ||
| Q1 24 | $41.9M | $-39.9M |
| Q4 25 | -8.0% | 14.1% | ||
| Q3 25 | 3.8% | 27.9% | ||
| Q2 25 | 5.6% | 16.8% | ||
| Q1 25 | 35.7% | -45.2% | ||
| Q4 24 | -2.5% | -0.1% | ||
| Q3 24 | 11.8% | 22.1% | ||
| Q2 24 | 1.7% | 29.9% | ||
| Q1 24 | 28.8% | -36.0% |
| Q4 25 | 1.2% | 9.2% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 1.5% | 4.0% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 0.4% | 7.2% | ||
| Q3 24 | 0.6% | 2.7% | ||
| Q2 24 | 1.1% | 2.8% | ||
| Q1 24 | 0.7% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
