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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
FEDERAL AGRICULTURAL MORTGAGE CORP is the larger business by last-quarter revenue ($107.5M vs $100.0M, roughly 1.1× Latham Group, Inc.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 6.1%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -4.9%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
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.
AGM vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 56.3% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 6.1% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $3.69 | $-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 | $107.5M | $100.0M | ||
| Q3 25 | $104.0M | $161.9M | ||
| Q2 25 | $102.6M | $172.6M | ||
| Q1 25 | $94.3M | $111.4M | ||
| Q4 24 | $101.3M | $87.3M | ||
| Q3 24 | $90.3M | $150.5M | ||
| Q2 24 | $89.9M | $160.1M | ||
| Q1 24 | $93.7M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $55.0M | $8.1M | ||
| Q2 25 | $54.8M | $16.0M | ||
| Q1 25 | $49.7M | $-6.0M | ||
| Q4 24 | $56.5M | $-29.2M | ||
| Q3 24 | $49.8M | $5.9M | ||
| Q2 24 | $47.1M | $13.3M | ||
| Q1 24 | $53.7M | $-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 | 56.3% | -10.7% | ||
| Q3 25 | 64.1% | 13.3% | ||
| Q2 25 | 63.8% | 14.3% | ||
| Q1 25 | 66.9% | -4.4% | ||
| Q4 24 | 67.5% | -14.9% | ||
| Q3 24 | 69.0% | 8.9% | ||
| Q2 24 | 65.9% | 12.5% | ||
| Q1 24 | 72.8% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 52.9% | 5.0% | ||
| Q2 25 | 53.4% | 9.3% | ||
| Q1 25 | 52.6% | -5.4% | ||
| Q4 24 | 55.8% | -33.4% | ||
| Q3 24 | 55.2% | 3.9% | ||
| Q2 24 | 52.4% | 8.3% | ||
| Q1 24 | 57.4% | -7.1% |
| Q4 25 | $3.69 | $-0.06 | ||
| Q3 25 | $4.44 | $0.07 | ||
| Q2 25 | $4.48 | $0.13 | ||
| Q1 25 | $4.01 | $-0.05 | ||
| Q4 24 | $4.62 | $-0.24 | ||
| Q3 24 | $3.86 | $0.05 | ||
| Q2 24 | $3.68 | $0.11 | ||
| Q1 24 | $4.28 | $-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 | — | — |
| Total DebtLower is stronger | $30.8B | $279.8M |
| Stockholders' EquityBook value | $1.7B | $405.9M |
| Total Assets | $35.4B | $823.2M |
| Debt / EquityLower = less leverage | 17.93× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $842.1M | — | ||
| Q2 24 | $923.0M | — | ||
| Q1 24 | $745.1M | — |
| Q4 25 | $30.8B | $279.8M | ||
| Q3 25 | $29.2B | $281.1M | ||
| Q2 25 | $28.9B | $281.5M | ||
| Q1 25 | $28.0B | $306.9M | ||
| Q4 24 | $27.5B | $281.5M | ||
| Q3 24 | $27.2B | $282.8M | ||
| Q2 24 | $26.8B | $282.4M | ||
| Q1 24 | $26.8B | $282.8M |
| Q4 25 | $1.7B | $405.9M | ||
| Q3 25 | $1.7B | $408.4M | ||
| Q2 25 | $1.5B | $398.4M | ||
| Q1 25 | $1.5B | $381.1M | ||
| Q4 24 | $1.5B | $387.2M | ||
| Q3 24 | $1.5B | $416.6M | ||
| Q2 24 | $1.5B | $408.1M | ||
| Q1 24 | $1.5B | $391.8M |
| Q4 25 | $35.4B | $823.2M | ||
| Q3 25 | $33.4B | $844.4M | ||
| Q2 25 | $33.0B | $822.1M | ||
| Q1 25 | $31.8B | $824.6M | ||
| Q4 24 | $31.3B | $794.2M | ||
| Q3 24 | $30.6B | $853.4M | ||
| Q2 24 | $30.2B | $830.0M | ||
| Q1 24 | $29.8B | $808.6M |
| Q4 25 | 17.93× | 0.69× | ||
| Q3 25 | 17.31× | 0.69× | ||
| Q2 25 | 18.70× | 0.71× | ||
| Q1 25 | 18.39× | 0.81× | ||
| Q4 24 | 18.48× | 0.73× | ||
| Q3 24 | 18.60× | 0.68× | ||
| Q2 24 | 17.87× | 0.69× | ||
| Q1 24 | 18.11× | 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 | $80.1M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $23.3M | ||
| Q3 25 | $74.2M | $51.0M | ||
| Q2 25 | $-47.7M | $36.0M | ||
| Q1 25 | $-49.8M | $-46.9M | ||
| Q4 24 | $612.6M | $6.2M | ||
| Q3 24 | $-44.4M | $37.2M | ||
| Q2 24 | $56.1M | $52.4M | ||
| Q1 24 | $233.3M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | $607.4M | $-98.0K | ||
| Q3 24 | $-44.4M | $33.2M | ||
| Q2 24 | $52.6M | $47.9M | ||
| Q1 24 | $231.7M | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | 599.8% | -0.1% | ||
| Q3 24 | -49.2% | 22.1% | ||
| Q2 24 | 58.5% | 29.9% | ||
| Q1 24 | 247.3% | -36.0% |
| Q4 25 | 0.0% | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 0.0% | 4.0% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 5.2% | 7.2% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 4.0% | 2.8% | ||
| Q1 24 | 1.7% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | 6.29× | ||
| Q2 25 | -0.87× | 2.25× | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | 6.32× | ||
| Q2 24 | 1.19× | 3.95× | ||
| Q1 24 | 4.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
