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Side-by-side financial comparison of ANAPTYSBIO, INC (ANAB) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
ANAPTYSBIO, INC is the larger business by last-quarter revenue ($108.2M vs $100.0M, roughly 1.1× Latham Group, Inc.). ANAPTYSBIO, INC runs the higher net margin — 45.8% vs -7.0%, a 52.8% gap on every dollar of revenue. On growth, ANAPTYSBIO, INC posted the faster year-over-year revenue change (151.1% vs 14.5%). ANAPTYSBIO, INC produced more free cash flow last quarter ($98.0M vs $14.1M). Over the past eight quarters, ANAPTYSBIO, INC's revenue compounded faster (288.3% CAGR vs -4.9%).
AnaptysBio, Inc. is a clinical-stage biotechnology company focused on developing antibody-based immunotherapies for inflammatory diseases, immuno-oncology indications, and rare disease conditions. It primarily serves the U.S. market, advancing its innovative product candidate pipeline to address unmet medical needs via rigorous research and clinical development.
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.
ANAB vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $108.2M | $100.0M |
| Net Profit | $49.6M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 61.8% | -10.7% |
| Net Margin | 45.8% | -7.0% |
| Revenue YoY | 151.1% | 14.5% |
| Net Profit YoY | 327.8% | 76.0% |
| EPS (diluted) | $1.64 | $-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 | $108.2M | $100.0M | ||
| Q3 25 | $76.3M | $161.9M | ||
| Q2 25 | $22.3M | $172.6M | ||
| Q1 25 | $27.8M | $111.4M | ||
| Q4 24 | $43.1M | $87.3M | ||
| Q3 24 | $30.0M | $150.5M | ||
| Q2 24 | $11.0M | $160.1M | ||
| Q1 24 | $7.2M | $110.6M |
| Q4 25 | $49.6M | $-7.0M | ||
| Q3 25 | $15.1M | $8.1M | ||
| Q2 25 | $-38.6M | $16.0M | ||
| Q1 25 | $-39.3M | $-6.0M | ||
| Q4 24 | $-21.8M | $-29.2M | ||
| Q3 24 | $-32.9M | $5.9M | ||
| Q2 24 | $-46.7M | $13.3M | ||
| Q1 24 | $-43.9M | $-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 | 61.8% | -10.7% | ||
| Q3 25 | 45.5% | 13.3% | ||
| Q2 25 | -117.5% | 14.3% | ||
| Q1 25 | -99.2% | -4.4% | ||
| Q4 24 | -22.4% | -14.9% | ||
| Q3 24 | -75.8% | 8.9% | ||
| Q2 24 | -367.5% | 12.5% | ||
| Q1 24 | -587.8% | -1.9% |
| Q4 25 | 45.8% | -7.0% | ||
| Q3 25 | 19.8% | 5.0% | ||
| Q2 25 | -173.5% | 9.3% | ||
| Q1 25 | -141.6% | -5.4% | ||
| Q4 24 | -50.5% | -33.4% | ||
| Q3 24 | -109.4% | 3.9% | ||
| Q2 24 | -425.3% | 8.3% | ||
| Q1 24 | -612.0% | -7.1% |
| Q4 25 | $1.64 | $-0.06 | ||
| Q3 25 | $0.52 | $0.07 | ||
| Q2 25 | $-1.34 | $0.13 | ||
| Q1 25 | $-1.28 | $-0.05 | ||
| Q4 24 | $-0.63 | $-0.24 | ||
| Q3 24 | $-1.14 | $0.05 | ||
| Q2 24 | $-1.71 | $0.11 | ||
| Q1 24 | $-1.64 | $-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 | $238.2M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $37.2M | $405.9M |
| Total Assets | $364.4M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $238.2M | — | ||
| Q3 25 | $109.8M | — | ||
| Q2 25 | $44.3M | — | ||
| Q1 25 | $98.6M | — | ||
| Q4 24 | $123.1M | — | ||
| Q3 24 | $191.6M | — | ||
| Q2 24 | $71.8M | — | ||
| Q1 24 | $53.7M | — |
| 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 | $37.2M | $405.9M | ||
| Q3 25 | $-29.4M | $408.4M | ||
| Q2 25 | $-44.7M | $398.4M | ||
| Q1 25 | $34.0M | $381.1M | ||
| Q4 24 | $70.9M | $387.2M | ||
| Q3 24 | $84.4M | $416.6M | ||
| Q2 24 | $9.9M | $408.1M | ||
| Q1 24 | $47.8M | $391.8M |
| Q4 25 | $364.4M | $823.2M | ||
| Q3 25 | $353.1M | $844.4M | ||
| Q2 25 | $335.3M | $822.1M | ||
| Q1 25 | $422.1M | $824.6M | ||
| Q4 24 | $483.8M | $794.2M | ||
| Q3 24 | $493.4M | $853.4M | ||
| Q2 24 | $427.4M | $830.0M | ||
| Q1 24 | $405.8M | $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 | $98.0M | $23.3M |
| Free Cash FlowOCF − Capex | $98.0M | $14.1M |
| FCF MarginFCF / Revenue | 90.5% | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.6M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.0M | $23.3M | ||
| Q3 25 | $-27.4M | $51.0M | ||
| Q2 25 | $-40.2M | $36.0M | ||
| Q1 25 | $-10.7M | $-46.9M | ||
| Q4 24 | $-66.7M | $6.2M | ||
| Q3 24 | $-10.1M | $37.2M | ||
| Q2 24 | $-21.3M | $52.4M | ||
| Q1 24 | $-37.3M | $-34.5M |
| Q4 25 | $98.0M | $14.1M | ||
| Q3 25 | $-27.4M | $45.2M | ||
| Q2 25 | $-40.3M | $29.1M | ||
| Q1 25 | $-10.7M | $-50.3M | ||
| Q4 24 | $-66.9M | $-98.0K | ||
| Q3 24 | $-10.1M | $33.2M | ||
| Q2 24 | $-21.4M | $47.9M | ||
| Q1 24 | $-37.3M | $-39.9M |
| Q4 25 | 90.5% | 14.1% | ||
| Q3 25 | -35.9% | 27.9% | ||
| Q2 25 | -180.9% | 16.8% | ||
| Q1 25 | -38.7% | -45.2% | ||
| Q4 24 | -155.3% | -0.1% | ||
| Q3 24 | -33.7% | 22.1% | ||
| Q2 24 | -194.6% | 29.9% | ||
| Q1 24 | -519.3% | -36.0% |
| Q4 25 | 0.0% | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 0.2% | 4.0% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 0.6% | 7.2% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 0.3% | 2.8% | ||
| Q1 24 | 0.4% | 4.8% |
| Q4 25 | 1.98× | — | ||
| Q3 25 | -1.81× | 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
ANAB
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
