vs
Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $100.0M, roughly 1.0× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -55.2%, a 48.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 11.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-64.0K). Over the past eight quarters, AMPCO PITTSBURGH CORP's revenue compounded faster (-2.6% CAGR vs -4.9%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $100.0M |
| Net Profit | $-57.7M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -54.0% | -10.7% |
| Net Margin | -55.2% | -7.0% |
| Revenue YoY | 11.5% | 14.5% |
| Net Profit YoY | -1958.9% | 76.0% |
| EPS (diluted) | $-2.87 | $-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 | $104.4M | $100.0M | ||
| Q3 25 | $103.7M | $161.9M | ||
| Q2 25 | $108.9M | $172.6M | ||
| Q1 25 | $99.2M | $111.4M | ||
| Q4 24 | $93.6M | $87.3M | ||
| Q3 24 | $92.1M | $150.5M | ||
| Q2 24 | $107.1M | $160.1M | ||
| Q1 24 | $110.0M | $110.6M |
| Q4 25 | $-57.7M | $-7.0M | ||
| Q3 25 | $-2.2M | $8.1M | ||
| Q2 25 | $-7.3M | $16.0M | ||
| Q1 25 | $1.1M | $-6.0M | ||
| Q4 24 | $3.1M | $-29.2M | ||
| Q3 24 | $-2.0M | $5.9M | ||
| Q2 24 | $2.0M | $13.3M | ||
| Q1 24 | $-2.7M | $-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 | -54.0% | -10.7% | ||
| Q3 25 | 1.1% | 13.3% | ||
| Q2 25 | -2.8% | 14.3% | ||
| Q1 25 | 3.9% | -4.4% | ||
| Q4 24 | 5.5% | -14.9% | ||
| Q3 24 | 2.0% | 8.9% | ||
| Q2 24 | 4.7% | 12.5% | ||
| Q1 24 | 0.1% | -1.9% |
| Q4 25 | -55.2% | -7.0% | ||
| Q3 25 | -2.1% | 5.0% | ||
| Q2 25 | -6.7% | 9.3% | ||
| Q1 25 | 1.2% | -5.4% | ||
| Q4 24 | 3.3% | -33.4% | ||
| Q3 24 | -2.1% | 3.9% | ||
| Q2 24 | 1.9% | 8.3% | ||
| Q1 24 | -2.5% | -7.1% |
| Q4 25 | $-2.87 | $-0.06 | ||
| Q3 25 | $-0.11 | $0.07 | ||
| Q2 25 | $-0.36 | $0.13 | ||
| Q1 25 | $0.06 | $-0.05 | ||
| Q4 24 | $0.16 | $-0.24 | ||
| Q3 24 | $-0.10 | $0.05 | ||
| Q2 24 | $0.10 | $0.11 | ||
| Q1 24 | $-0.14 | $-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 | $10.7M | — |
| Total DebtLower is stronger | $117.9M | $279.8M |
| Stockholders' EquityBook value | $32.6M | $405.9M |
| Total Assets | $495.4M | $823.2M |
| Debt / EquityLower = less leverage | 3.61× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $9.9M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $15.4M | — | ||
| Q3 24 | $11.8M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $10.8M | — |
| Q4 25 | $117.9M | $279.8M | ||
| Q3 25 | $119.0M | $281.1M | ||
| Q2 25 | $115.9M | $281.5M | ||
| Q1 25 | $115.0M | $306.9M | ||
| Q4 24 | $116.4M | $281.5M | ||
| Q3 24 | $116.0M | $282.8M | ||
| Q2 24 | $119.4M | $282.4M | ||
| Q1 24 | $116.2M | $282.8M |
| Q4 25 | $32.6M | $405.9M | ||
| Q3 25 | $60.1M | $408.4M | ||
| Q2 25 | $62.7M | $398.4M | ||
| Q1 25 | $64.6M | $381.1M | ||
| Q4 24 | $58.9M | $387.2M | ||
| Q3 24 | $61.3M | $416.6M | ||
| Q2 24 | $58.0M | $408.1M | ||
| Q1 24 | $56.3M | $391.8M |
| Q4 25 | $495.4M | $823.2M | ||
| Q3 25 | $524.4M | $844.4M | ||
| Q2 25 | $537.2M | $822.1M | ||
| Q1 25 | $536.2M | $824.6M | ||
| Q4 24 | $530.9M | $794.2M | ||
| Q3 24 | $547.4M | $853.4M | ||
| Q2 24 | $560.8M | $830.0M | ||
| Q1 24 | $565.8M | $808.6M |
| Q4 25 | 3.61× | 0.69× | ||
| Q3 25 | 1.98× | 0.69× | ||
| Q2 25 | 1.85× | 0.71× | ||
| Q1 25 | 1.78× | 0.81× | ||
| Q4 24 | 1.98× | 0.73× | ||
| Q3 24 | 1.89× | 0.68× | ||
| Q2 24 | 2.06× | 0.69× | ||
| Q1 24 | 2.06× | 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 | $2.7M | $23.3M |
| Free Cash FlowOCF − Capex | $-64.0K | $14.1M |
| FCF MarginFCF / Revenue | -0.1% | 14.1% |
| Capex IntensityCapex / Revenue | 2.7% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $23.3M | ||
| Q3 25 | $6.3M | $51.0M | ||
| Q2 25 | $-2.3M | $36.0M | ||
| Q1 25 | $-5.3M | $-46.9M | ||
| Q4 24 | $7.5M | $6.2M | ||
| Q3 24 | $11.4M | $37.2M | ||
| Q2 24 | $-5.3M | $52.4M | ||
| Q1 24 | $4.5M | $-34.5M |
| Q4 25 | $-64.0K | $14.1M | ||
| Q3 25 | $3.3M | $45.2M | ||
| Q2 25 | $-3.8M | $29.1M | ||
| Q1 25 | $-7.5M | $-50.3M | ||
| Q4 24 | $3.7M | $-98.0K | ||
| Q3 24 | $8.4M | $33.2M | ||
| Q2 24 | $-8.0M | $47.9M | ||
| Q1 24 | $1.7M | $-39.9M |
| Q4 25 | -0.1% | 14.1% | ||
| Q3 25 | 3.2% | 27.9% | ||
| Q2 25 | -3.5% | 16.8% | ||
| Q1 25 | -7.5% | -45.2% | ||
| Q4 24 | 4.0% | -0.1% | ||
| Q3 24 | 9.1% | 22.1% | ||
| Q2 24 | -7.5% | 29.9% | ||
| Q1 24 | 1.5% | -36.0% |
| Q4 25 | 2.7% | 9.2% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 4.0% | 7.2% | ||
| Q3 24 | 3.2% | 2.7% | ||
| Q2 24 | 2.5% | 2.8% | ||
| Q1 24 | 2.6% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | -2.64× | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
