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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 $83.2M, roughly 1.2× BrightSpire Capital, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -17.3%, a 10.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -0.4%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $14.1M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $100.0M |
| Net Profit | $-14.4M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | -17.3% | -7.0% |
| Revenue YoY | -0.4% | 14.5% |
| Net Profit YoY | 27.3% | 76.0% |
| EPS (diluted) | $-0.11 | $-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 | $83.2M | $100.0M | ||
| Q3 25 | $83.9M | $161.9M | ||
| Q2 25 | $85.9M | $172.6M | ||
| Q1 25 | $77.6M | $111.4M | ||
| Q4 24 | $83.5M | $87.3M | ||
| Q3 24 | $88.2M | $150.5M | ||
| Q2 24 | $91.4M | $160.1M | ||
| Q1 24 | $95.8M | $110.6M |
| Q4 25 | $-14.4M | $-7.0M | ||
| Q3 25 | $984.0K | $8.1M | ||
| Q2 25 | $-23.1M | $16.0M | ||
| Q1 25 | $5.3M | $-6.0M | ||
| Q4 24 | $-19.7M | $-29.2M | ||
| Q3 24 | $12.7M | $5.9M | ||
| Q2 24 | $-67.9M | $13.3M | ||
| Q1 24 | $-57.1M | $-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 | — | -10.7% | ||
| Q3 25 | -1.7% | 13.3% | ||
| Q2 25 | -54.5% | 14.3% | ||
| Q1 25 | 5.1% | -4.4% | ||
| Q4 24 | -24.9% | -14.9% | ||
| Q3 24 | 13.2% | 8.9% | ||
| Q2 24 | -74.9% | 12.5% | ||
| Q1 24 | -59.4% | -1.9% |
| Q4 25 | -17.3% | -7.0% | ||
| Q3 25 | 1.2% | 5.0% | ||
| Q2 25 | -26.9% | 9.3% | ||
| Q1 25 | 6.9% | -5.4% | ||
| Q4 24 | -23.7% | -33.4% | ||
| Q3 24 | 14.4% | 3.9% | ||
| Q2 24 | -74.2% | 8.3% | ||
| Q1 24 | -59.6% | -7.1% |
| Q4 25 | $-0.11 | $-0.06 | ||
| Q3 25 | $0.00 | $0.07 | ||
| Q2 25 | $-0.19 | $0.13 | ||
| Q1 25 | $0.04 | $-0.05 | ||
| Q4 24 | $-0.16 | $-0.24 | ||
| Q3 24 | $0.09 | $0.05 | ||
| Q2 24 | $-0.53 | $0.11 | ||
| Q1 24 | $-0.45 | $-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 | $66.8M | — |
| Total DebtLower is stronger | $2.5B | $279.8M |
| Stockholders' EquityBook value | $938.4M | $405.9M |
| Total Assets | $3.6B | $823.2M |
| Debt / EquityLower = less leverage | 2.63× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | — | ||
| Q3 25 | $113.4M | — | ||
| Q2 25 | $154.3M | — | ||
| Q1 25 | $200.9M | — | ||
| Q4 24 | $302.2M | — | ||
| Q3 24 | $263.8M | — | ||
| Q2 24 | $203.3M | — | ||
| Q1 24 | $221.5M | — |
| Q4 25 | $2.5B | $279.8M | ||
| Q3 25 | $2.2B | $281.1M | ||
| Q2 25 | $2.3B | $281.5M | ||
| Q1 25 | $2.3B | $306.9M | ||
| Q4 24 | $2.5B | $281.5M | ||
| Q3 24 | $2.6B | $282.8M | ||
| Q2 24 | $2.5B | $282.4M | ||
| Q1 24 | $2.6B | $282.8M |
| Q4 25 | $938.4M | $405.9M | ||
| Q3 25 | $976.4M | $408.4M | ||
| Q2 25 | $994.4M | $398.4M | ||
| Q1 25 | $1.0B | $381.1M | ||
| Q4 24 | $1.0B | $387.2M | ||
| Q3 24 | $1.1B | $416.6M | ||
| Q2 24 | $1.1B | $408.1M | ||
| Q1 24 | $1.2B | $391.8M |
| Q4 25 | $3.6B | $823.2M | ||
| Q3 25 | $3.3B | $844.4M | ||
| Q2 25 | $3.4B | $822.1M | ||
| Q1 25 | $3.6B | $824.6M | ||
| Q4 24 | $3.7B | $794.2M | ||
| Q3 24 | $3.8B | $853.4M | ||
| Q2 24 | $3.8B | $830.0M | ||
| Q1 24 | $3.9B | $808.6M |
| Q4 25 | 2.63× | 0.69× | ||
| Q3 25 | 2.22× | 0.69× | ||
| Q2 25 | 2.27× | 0.71× | ||
| Q1 25 | 2.27× | 0.81× | ||
| Q4 24 | 2.38× | 0.73× | ||
| Q3 24 | 2.36× | 0.68× | ||
| Q2 24 | 2.28× | 0.69× | ||
| Q1 24 | 2.17× | 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 | $73.0M | $23.3M |
| Free Cash FlowOCF − Capex | $55.1M | $14.1M |
| FCF MarginFCF / Revenue | 66.2% | 14.1% |
| Capex IntensityCapex / Revenue | 21.6% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | $23.3M | ||
| Q3 25 | $29.9M | $51.0M | ||
| Q2 25 | $17.4M | $36.0M | ||
| Q1 25 | $10.5M | $-46.9M | ||
| Q4 24 | $103.4M | $6.2M | ||
| Q3 24 | $31.3M | $37.2M | ||
| Q2 24 | $22.9M | $52.4M | ||
| Q1 24 | $24.6M | $-34.5M |
| Q4 25 | $55.1M | $14.1M | ||
| Q3 25 | $27.4M | $45.2M | ||
| Q2 25 | $11.6M | $29.1M | ||
| Q1 25 | $8.0M | $-50.3M | ||
| Q4 24 | $97.3M | $-98.0K | ||
| Q3 24 | $28.3M | $33.2M | ||
| Q2 24 | $22.7M | $47.9M | ||
| Q1 24 | $22.2M | $-39.9M |
| Q4 25 | 66.2% | 14.1% | ||
| Q3 25 | 32.7% | 27.9% | ||
| Q2 25 | 13.4% | 16.8% | ||
| Q1 25 | 10.3% | -45.2% | ||
| Q4 24 | 116.6% | -0.1% | ||
| Q3 24 | 32.1% | 22.1% | ||
| Q2 24 | 24.9% | 29.9% | ||
| Q1 24 | 23.2% | -36.0% |
| Q4 25 | 21.6% | 9.2% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 6.8% | 4.0% | ||
| Q1 25 | 3.2% | 3.1% | ||
| Q4 24 | 7.3% | 7.2% | ||
| Q3 24 | 3.4% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 2.5% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.46× | 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
BRSP
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
