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Side-by-side financial comparison of Azenta, Inc. (AZTA) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Azenta, Inc. is the larger business by last-quarter revenue ($148.6M vs $100.0M, roughly 1.5× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -10.4%, a 3.4% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 0.8%). Azenta, Inc. produced more free cash flow last quarter ($14.7M vs $14.1M). Over the past eight quarters, Azenta, Inc.'s revenue compounded faster (4.4% CAGR vs -4.9%).
Azenta, was founded in 1978, and is based in Chelmsford, Massachusetts, United States. The company is a provider of life sciences services including genomics, cryogenic storage, automation, and informatics.
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.
AZTA vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.6M | $100.0M |
| Net Profit | $-15.4M | $-7.0M |
| Gross Margin | 42.9% | 28.0% |
| Operating Margin | -4.9% | -10.7% |
| Net Margin | -10.4% | -7.0% |
| Revenue YoY | 0.8% | 14.5% |
| Net Profit YoY | -15.7% | 76.0% |
| EPS (diluted) | $-0.34 | $-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 | $148.6M | $100.0M | ||
| Q3 25 | $159.2M | $161.9M | ||
| Q2 25 | $143.9M | $172.6M | ||
| Q1 25 | $143.3M | $111.4M | ||
| Q4 24 | $147.4M | $87.3M | ||
| Q3 24 | $150.6M | $150.5M | ||
| Q2 24 | $144.3M | $160.1M | ||
| Q1 24 | $136.4M | $110.6M |
| Q4 25 | $-15.4M | $-7.0M | ||
| Q3 25 | $50.9M | $8.1M | ||
| Q2 25 | $-48.0M | $16.0M | ||
| Q1 25 | $-47.7M | $-6.0M | ||
| Q4 24 | $-11.0M | $-29.2M | ||
| Q3 24 | $-6.6M | $5.9M | ||
| Q2 24 | $-6.6M | $13.3M | ||
| Q1 24 | $-137.4M | $-7.9M |
| Q4 25 | 42.9% | 28.0% | ||
| Q3 25 | 45.4% | 35.4% | ||
| Q2 25 | 46.2% | 37.1% | ||
| Q1 25 | 43.8% | 29.5% | ||
| Q4 24 | 46.7% | 24.6% | ||
| Q3 24 | 45.5% | 32.4% | ||
| Q2 24 | 44.8% | 33.1% | ||
| Q1 24 | 43.8% | 27.7% |
| Q4 25 | -4.9% | -10.7% | ||
| Q3 25 | 1.2% | 13.3% | ||
| Q2 25 | -1.3% | 14.3% | ||
| Q1 25 | -12.7% | -4.4% | ||
| Q4 24 | -5.9% | -14.9% | ||
| Q3 24 | -3.1% | 8.9% | ||
| Q2 24 | -4.9% | 12.5% | ||
| Q1 24 | -18.1% | -1.9% |
| Q4 25 | -10.4% | -7.0% | ||
| Q3 25 | 32.0% | 5.0% | ||
| Q2 25 | -33.4% | 9.3% | ||
| Q1 25 | -33.3% | -5.4% | ||
| Q4 24 | -7.5% | -33.4% | ||
| Q3 24 | -4.4% | 3.9% | ||
| Q2 24 | -4.5% | 8.3% | ||
| Q1 24 | -100.8% | -7.1% |
| Q4 25 | $-0.34 | $-0.06 | ||
| Q3 25 | $1.12 | $0.07 | ||
| Q2 25 | $-1.05 | $0.13 | ||
| Q1 25 | $-1.04 | $-0.05 | ||
| Q4 24 | $-0.25 | $-0.24 | ||
| Q3 24 | $-0.25 | $0.05 | ||
| Q2 24 | $-0.12 | $0.11 | ||
| Q1 24 | $-2.48 | $-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 | $336.6M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.7B | $405.9M |
| Total Assets | $2.1B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $336.6M | — | ||
| Q3 25 | $279.8M | — | ||
| Q2 25 | $270.0M | — | ||
| Q1 25 | $253.6M | — | ||
| Q4 24 | $377.5M | — | ||
| Q3 24 | $280.0M | — | ||
| Q2 24 | $336.5M | — | ||
| Q1 24 | $353.5M | — |
| 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 | $1.7B | $405.9M | ||
| Q3 25 | $1.7B | $408.4M | ||
| Q2 25 | $1.7B | $398.4M | ||
| Q1 25 | $1.7B | $381.1M | ||
| Q4 24 | $1.7B | $387.2M | ||
| Q3 24 | $1.8B | $416.6M | ||
| Q2 24 | $2.0B | $408.1M | ||
| Q1 24 | $2.2B | $391.8M |
| Q4 25 | $2.1B | $823.2M | ||
| Q3 25 | $2.1B | $844.4M | ||
| Q2 25 | $2.0B | $822.1M | ||
| Q1 25 | $2.0B | $824.6M | ||
| Q4 24 | $2.0B | $794.2M | ||
| Q3 24 | $2.1B | $853.4M | ||
| Q2 24 | $2.3B | $830.0M | ||
| Q1 24 | $2.6B | $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 | $20.8M | $23.3M |
| Free Cash FlowOCF − Capex | $14.7M | $14.1M |
| FCF MarginFCF / Revenue | 9.9% | 14.1% |
| Capex IntensityCapex / Revenue | 4.2% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $30.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.8M | $23.3M | ||
| Q3 25 | $2.2M | $51.0M | ||
| Q2 25 | $25.8M | $36.0M | ||
| Q1 25 | $14.4M | $-46.9M | ||
| Q4 24 | $29.8M | $6.2M | ||
| Q3 24 | $17.7M | $37.2M | ||
| Q2 24 | $9.8M | $52.4M | ||
| Q1 24 | $8.7M | $-34.5M |
| Q4 25 | $14.7M | $14.1M | ||
| Q3 25 | $-5.7M | $45.2M | ||
| Q2 25 | $15.0M | $29.1M | ||
| Q1 25 | $7.0M | $-50.3M | ||
| Q4 24 | $22.0M | $-98.0K | ||
| Q3 24 | $8.3M | $33.2M | ||
| Q2 24 | $1.3M | $47.9M | ||
| Q1 24 | $428.0K | $-39.9M |
| Q4 25 | 9.9% | 14.1% | ||
| Q3 25 | -3.6% | 27.9% | ||
| Q2 25 | 10.4% | 16.8% | ||
| Q1 25 | 4.9% | -45.2% | ||
| Q4 24 | 15.0% | -0.1% | ||
| Q3 24 | 5.5% | 22.1% | ||
| Q2 24 | 0.9% | 29.9% | ||
| Q1 24 | 0.3% | -36.0% |
| Q4 25 | 4.2% | 9.2% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | 7.5% | 4.0% | ||
| Q1 25 | 5.2% | 3.1% | ||
| Q4 24 | 5.3% | 7.2% | ||
| Q3 24 | 6.2% | 2.7% | ||
| Q2 24 | 5.9% | 2.8% | ||
| Q1 24 | 6.1% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 0.04× | 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
AZTA
| Multiomics | $67.2M | 45% |
| Core Products | $47.6M | 32% |
| Sample Repository Solutions | $33.8M | 23% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
