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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.

Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $86.5M, roughly 1.2× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -7.0%, a 42.0% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 4.9%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $14.1M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -4.9%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

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.

BHRB vs SWIM — Head-to-Head

Bigger by revenue
SWIM
SWIM
1.2× larger
SWIM
$100.0M
$86.5M
BHRB
Growing faster (revenue YoY)
SWIM
SWIM
+9.6% gap
SWIM
14.5%
4.9%
BHRB
Higher net margin
BHRB
BHRB
42.0% more per $
BHRB
34.9%
-7.0%
SWIM
More free cash flow
BHRB
BHRB
$82.1M more FCF
BHRB
$96.2M
$14.1M
SWIM
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
-4.9%
SWIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHRB
BHRB
SWIM
SWIM
Revenue
$86.5M
$100.0M
Net Profit
$30.2M
$-7.0M
Gross Margin
28.0%
Operating Margin
43.8%
-10.7%
Net Margin
34.9%
-7.0%
Revenue YoY
4.9%
14.5%
Net Profit YoY
52.8%
76.0%
EPS (diluted)
$1.98
$-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
BHRB
BHRB
SWIM
SWIM
Q4 25
$86.5M
$100.0M
Q3 25
$85.4M
$161.9M
Q2 25
$87.1M
$172.6M
Q1 25
$83.0M
$111.4M
Q4 24
$82.5M
$87.3M
Q3 24
$83.8M
$150.5M
Q2 24
$69.3M
$160.1M
Q1 24
$26.4M
$110.6M
Net Profit
BHRB
BHRB
SWIM
SWIM
Q4 25
$30.2M
$-7.0M
Q3 25
$30.0M
$8.1M
Q2 25
$29.9M
$16.0M
Q1 25
$27.2M
$-6.0M
Q4 24
$19.8M
$-29.2M
Q3 24
$27.6M
$5.9M
Q2 24
$-16.9M
$13.3M
Q1 24
$5.2M
$-7.9M
Gross Margin
BHRB
BHRB
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
BHRB
BHRB
SWIM
SWIM
Q4 25
43.8%
-10.7%
Q3 25
43.3%
13.3%
Q2 25
42.7%
14.3%
Q1 25
39.6%
-4.4%
Q4 24
24.6%
-14.9%
Q3 24
39.2%
8.9%
Q2 24
-27.5%
12.5%
Q1 24
22.3%
-1.9%
Net Margin
BHRB
BHRB
SWIM
SWIM
Q4 25
34.9%
-7.0%
Q3 25
35.1%
5.0%
Q2 25
34.3%
9.3%
Q1 25
32.8%
-5.4%
Q4 24
24.0%
-33.4%
Q3 24
33.0%
3.9%
Q2 24
-24.4%
8.3%
Q1 24
19.8%
-7.1%
EPS (diluted)
BHRB
BHRB
SWIM
SWIM
Q4 25
$1.98
$-0.06
Q3 25
$1.97
$0.07
Q2 25
$1.97
$0.13
Q1 25
$1.80
$-0.05
Q4 24
$1.72
$-0.24
Q3 24
$1.82
$0.05
Q2 24
$-1.41
$0.11
Q1 24
$0.69
$-0.07

Balance Sheet & Financial Strength

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

Metric
BHRB
BHRB
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$279.8M
Stockholders' EquityBook value
$854.6M
$405.9M
Total Assets
$7.9B
$823.2M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Total Debt
BHRB
BHRB
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
BHRB
BHRB
SWIM
SWIM
Q4 25
$854.6M
$405.9M
Q3 25
$822.2M
$408.4M
Q2 25
$780.0M
$398.4M
Q1 25
$758.0M
$381.1M
Q4 24
$730.2M
$387.2M
Q3 24
$738.1M
$416.6M
Q2 24
$693.1M
$408.1M
Q1 24
$319.3M
$391.8M
Total Assets
BHRB
BHRB
SWIM
SWIM
Q4 25
$7.9B
$823.2M
Q3 25
$7.9B
$844.4M
Q2 25
$8.1B
$822.1M
Q1 25
$7.8B
$824.6M
Q4 24
$7.8B
$794.2M
Q3 24
$7.9B
$853.4M
Q2 24
$7.8B
$830.0M
Q1 24
$3.7B
$808.6M
Debt / Equity
BHRB
BHRB
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
BHRB
BHRB
SWIM
SWIM
Operating Cash FlowLast quarter
$107.9M
$23.3M
Free Cash FlowOCF − Capex
$96.2M
$14.1M
FCF MarginFCF / Revenue
111.2%
14.1%
Capex IntensityCapex / Revenue
13.5%
9.2%
Cash ConversionOCF / Net Profit
3.57×
TTM Free Cash FlowTrailing 4 quarters
$164.1M
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
SWIM
SWIM
Q4 25
$107.9M
$23.3M
Q3 25
$39.3M
$51.0M
Q2 25
$41.0K
$36.0M
Q1 25
$37.6M
$-46.9M
Q4 24
$85.8M
$6.2M
Q3 24
$47.8M
$37.2M
Q2 24
$-46.0M
$52.4M
Q1 24
$7.1M
$-34.5M
Free Cash Flow
BHRB
BHRB
SWIM
SWIM
Q4 25
$96.2M
$14.1M
Q3 25
$35.4M
$45.2M
Q2 25
$-3.4M
$29.1M
Q1 25
$35.9M
$-50.3M
Q4 24
$81.2M
$-98.0K
Q3 24
$46.0M
$33.2M
Q2 24
$-47.0M
$47.9M
Q1 24
$5.6M
$-39.9M
FCF Margin
BHRB
BHRB
SWIM
SWIM
Q4 25
111.2%
14.1%
Q3 25
41.5%
27.9%
Q2 25
-3.9%
16.8%
Q1 25
43.2%
-45.2%
Q4 24
98.5%
-0.1%
Q3 24
55.0%
22.1%
Q2 24
-67.8%
29.9%
Q1 24
21.2%
-36.0%
Capex Intensity
BHRB
BHRB
SWIM
SWIM
Q4 25
13.5%
9.2%
Q3 25
4.5%
3.6%
Q2 25
3.9%
4.0%
Q1 25
2.1%
3.1%
Q4 24
5.5%
7.2%
Q3 24
2.1%
2.7%
Q2 24
1.5%
2.8%
Q1 24
5.7%
4.8%
Cash Conversion
BHRB
BHRB
SWIM
SWIM
Q4 25
3.57×
Q3 25
1.31×
6.29×
Q2 25
0.00×
2.25×
Q1 25
1.38×
Q4 24
4.33×
Q3 24
1.73×
6.32×
Q2 24
3.95×
Q1 24
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHRB
BHRB

Segment breakdown not available.

SWIM
SWIM

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

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