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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $100.0M, roughly 2.0× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -14.6%, a 7.6% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -4.9%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs SWIM — Head-to-Head

Bigger by revenue
AXSM
AXSM
2.0× larger
AXSM
$196.0M
$100.0M
SWIM
Growing faster (revenue YoY)
AXSM
AXSM
+50.5% gap
AXSM
65.0%
14.5%
SWIM
Higher net margin
SWIM
SWIM
7.6% more per $
SWIM
-7.0%
-14.6%
AXSM
More free cash flow
SWIM
SWIM
$32.8M more FCF
SWIM
$14.1M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-4.9%
SWIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
SWIM
SWIM
Revenue
$196.0M
$100.0M
Net Profit
$-28.6M
$-7.0M
Gross Margin
28.0%
Operating Margin
-13.8%
-10.7%
Net Margin
-14.6%
-7.0%
Revenue YoY
65.0%
14.5%
Net Profit YoY
61.9%
76.0%
EPS (diluted)
$-0.55
$-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.

Revenue
AXSM
AXSM
SWIM
SWIM
Q4 25
$196.0M
$100.0M
Q3 25
$171.0M
$161.9M
Q2 25
$150.0M
$172.6M
Q1 25
$121.5M
$111.4M
Q4 24
$118.8M
$87.3M
Q3 24
$104.8M
$150.5M
Q2 24
$87.2M
$160.1M
Q1 24
$75.0M
$110.6M
Net Profit
AXSM
AXSM
SWIM
SWIM
Q4 25
$-28.6M
$-7.0M
Q3 25
$-47.2M
$8.1M
Q2 25
$-48.0M
$16.0M
Q1 25
$-59.4M
$-6.0M
Q4 24
$-74.9M
$-29.2M
Q3 24
$-64.6M
$5.9M
Q2 24
$-79.3M
$13.3M
Q1 24
$-68.4M
$-7.9M
Gross Margin
AXSM
AXSM
SWIM
SWIM
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%
Operating Margin
AXSM
AXSM
SWIM
SWIM
Q4 25
-13.8%
-10.7%
Q3 25
-27.0%
13.3%
Q2 25
-24.5%
14.3%
Q1 25
-46.9%
-4.4%
Q4 24
-61.1%
-14.9%
Q3 24
-59.8%
8.9%
Q2 24
-89.5%
12.5%
Q1 24
-89.7%
-1.9%
Net Margin
AXSM
AXSM
SWIM
SWIM
Q4 25
-14.6%
-7.0%
Q3 25
-27.6%
5.0%
Q2 25
-32.0%
9.3%
Q1 25
-48.9%
-5.4%
Q4 24
-63.1%
-33.4%
Q3 24
-61.7%
3.9%
Q2 24
-91.0%
8.3%
Q1 24
-91.1%
-7.1%
EPS (diluted)
AXSM
AXSM
SWIM
SWIM
Q4 25
$-0.55
$-0.06
Q3 25
$-0.94
$0.07
Q2 25
$-0.97
$0.13
Q1 25
$-1.22
$-0.05
Q4 24
$-1.54
$-0.24
Q3 24
$-1.34
$0.05
Q2 24
$-1.67
$0.11
Q1 24
$-1.44
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXSM
AXSM
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$322.9M
Total DebtLower is stronger
$279.8M
Stockholders' EquityBook value
$88.3M
$405.9M
Total Assets
$689.8M
$823.2M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
SWIM
SWIM
Q4 25
$322.9M
Q3 25
$325.3M
Q2 25
$303.0M
Q1 25
$300.9M
Q4 24
$315.4M
Q3 24
$327.3M
Q2 24
$315.7M
Q1 24
$331.4M
Total Debt
AXSM
AXSM
SWIM
SWIM
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
Stockholders' Equity
AXSM
AXSM
SWIM
SWIM
Q4 25
$88.3M
$405.9M
Q3 25
$73.7M
$408.4M
Q2 25
$73.1M
$398.4M
Q1 25
$53.2M
$381.1M
Q4 24
$57.0M
$387.2M
Q3 24
$92.9M
$416.6M
Q2 24
$102.9M
$408.1M
Q1 24
$144.0M
$391.8M
Total Assets
AXSM
AXSM
SWIM
SWIM
Q4 25
$689.8M
$823.2M
Q3 25
$669.3M
$844.4M
Q2 25
$639.8M
$822.1M
Q1 25
$596.7M
$824.6M
Q4 24
$568.5M
$794.2M
Q3 24
$561.5M
$853.4M
Q2 24
$548.2M
$830.0M
Q1 24
$545.7M
$808.6M
Debt / Equity
AXSM
AXSM
SWIM
SWIM
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
AXSM
AXSM
SWIM
SWIM
Operating Cash FlowLast quarter
$-18.7M
$23.3M
Free Cash FlowOCF − Capex
$-18.7M
$14.1M
FCF MarginFCF / Revenue
-9.6%
14.1%
Capex IntensityCapex / Revenue
0.0%
9.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
SWIM
SWIM
Q4 25
$-18.7M
$23.3M
Q3 25
$1.0M
$51.0M
Q2 25
$-32.4M
$36.0M
Q1 25
$-43.4M
$-46.9M
Q4 24
$-26.2M
$6.2M
Q3 24
$-18.6M
$37.2M
Q2 24
$-30.1M
$52.4M
Q1 24
$-53.5M
$-34.5M
Free Cash Flow
AXSM
AXSM
SWIM
SWIM
Q4 25
$-18.7M
$14.1M
Q3 25
$988.0K
$45.2M
Q2 25
$-32.4M
$29.1M
Q1 25
$-43.7M
$-50.3M
Q4 24
$-26.2M
$-98.0K
Q3 24
$-18.7M
$33.2M
Q2 24
$-30.2M
$47.9M
Q1 24
$-53.6M
$-39.9M
FCF Margin
AXSM
AXSM
SWIM
SWIM
Q4 25
-9.6%
14.1%
Q3 25
0.6%
27.9%
Q2 25
-21.6%
16.8%
Q1 25
-36.0%
-45.2%
Q4 24
-22.1%
-0.1%
Q3 24
-17.9%
22.1%
Q2 24
-34.6%
29.9%
Q1 24
-71.4%
-36.0%
Capex Intensity
AXSM
AXSM
SWIM
SWIM
Q4 25
0.0%
9.2%
Q3 25
0.0%
3.6%
Q2 25
0.0%
4.0%
Q1 25
0.3%
3.1%
Q4 24
0.0%
7.2%
Q3 24
0.1%
2.7%
Q2 24
0.1%
2.8%
Q1 24
0.1%
4.8%
Cash Conversion
AXSM
AXSM
SWIM
SWIM
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

AXSM
AXSM

Segment breakdown not available.

SWIM
SWIM

In Ground Swimming Pools$50.2M50%
Covers$37.0M37%
Liners$12.7M13%

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