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Side-by-side financial comparison of FIRST BUSEY CORP (BUSE) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
FIRST BUSEY CORP is the larger business by last-quarter revenue ($196.2M vs $100.0M, roughly 2.0× Latham Group, Inc.). FIRST BUSEY CORP runs the higher net margin — 25.5% vs -7.0%, a 32.5% gap on every dollar of revenue. Over the past eight quarters, FIRST BUSEY CORP's revenue compounded faster (29.9% CAGR vs -4.9%).
First Busey Bank is a financial institution headquartered in Champaign, Illinois that operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.
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.
BUSE vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $196.2M | $100.0M |
| Net Profit | $50.0M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 25.5% | -7.0% |
| Revenue YoY | — | 14.5% |
| Net Profit YoY | 266.7% | 76.0% |
| EPS (diluted) | $1.00 | $-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.
| Q1 26 | $196.2M | — | ||
| Q4 25 | $200.2M | $100.0M | ||
| Q3 25 | $196.3M | $161.9M | ||
| Q2 25 | $198.0M | $172.6M | ||
| Q1 25 | $125.0M | $111.4M | ||
| Q4 24 | $116.8M | $87.3M | ||
| Q3 24 | $118.5M | $150.5M | ||
| Q2 24 | $116.2M | $160.1M |
| Q1 26 | $50.0M | — | ||
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $57.1M | $8.1M | ||
| Q2 25 | $47.4M | $16.0M | ||
| Q1 25 | $-30.0M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $32.0M | $5.9M | ||
| Q2 24 | $27.4M | $13.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 38.7% | -10.7% | ||
| Q3 25 | 39.4% | 13.3% | ||
| Q2 25 | 32.6% | 14.3% | ||
| Q1 25 | -26.1% | -4.4% | ||
| Q4 24 | 32.0% | -14.9% | ||
| Q3 24 | 35.9% | 8.9% | ||
| Q2 24 | 33.1% | 12.5% |
| Q1 26 | 25.5% | — | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | 29.1% | 5.0% | ||
| Q2 25 | 23.9% | 9.3% | ||
| Q1 25 | -24.0% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 27.0% | 3.9% | ||
| Q2 24 | 23.5% | 8.3% |
| Q1 26 | $1.00 | — | ||
| Q4 25 | $0.81 | $-0.06 | ||
| Q3 25 | $0.58 | $0.07 | ||
| Q2 25 | $0.52 | $0.13 | ||
| Q1 25 | $-0.44 | $-0.05 | ||
| Q4 24 | $0.50 | $-0.24 | ||
| Q3 24 | $0.55 | $0.05 | ||
| Q2 24 | $0.47 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $288.5M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $2.5B | $405.9M |
| Total Assets | $18.1B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $288.5M | — | ||
| Q4 25 | $294.1M | — | ||
| Q3 25 | $385.5M | — | ||
| Q2 25 | $752.4M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $697.7M | — | ||
| Q3 24 | $553.7M | — | ||
| Q2 24 | $285.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $113.8M | $279.8M | ||
| Q3 25 | $92.4M | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $0 | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $405.9M | ||
| Q3 25 | $2.4B | $408.4M | ||
| Q2 25 | $2.4B | $398.4M | ||
| Q1 25 | $2.2B | $381.1M | ||
| Q4 24 | $1.4B | $387.2M | ||
| Q3 24 | $1.4B | $416.6M | ||
| Q2 24 | $1.3B | $408.1M |
| Q1 26 | $18.1B | — | ||
| Q4 25 | $18.1B | $823.2M | ||
| Q3 25 | $18.2B | $844.4M | ||
| Q2 25 | $18.9B | $822.1M | ||
| Q1 25 | $19.5B | $824.6M | ||
| Q4 24 | $12.0B | $794.2M | ||
| Q3 24 | $12.0B | $853.4M | ||
| Q2 24 | $12.0B | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.05× | 0.69× | ||
| Q3 25 | 0.04× | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.00× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.6M | $23.3M | ||
| Q3 25 | $62.5M | $51.0M | ||
| Q2 25 | $49.5M | $36.0M | ||
| Q1 25 | $8.4M | $-46.9M | ||
| Q4 24 | $178.3M | $6.2M | ||
| Q3 24 | $60.1M | $37.2M | ||
| Q2 24 | $28.5M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $173.0M | $14.1M | ||
| Q3 25 | $54.5M | $45.2M | ||
| Q2 25 | $46.1M | $29.1M | ||
| Q1 25 | $6.6M | $-50.3M | ||
| Q4 24 | $171.8M | $-98.0K | ||
| Q3 24 | $59.1M | $33.2M | ||
| Q2 24 | $26.3M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | 14.1% | ||
| Q3 25 | 27.7% | 27.9% | ||
| Q2 25 | 23.3% | 16.8% | ||
| Q1 25 | 5.3% | -45.2% | ||
| Q4 24 | 147.1% | -0.1% | ||
| Q3 24 | 49.9% | 22.1% | ||
| Q2 24 | 22.6% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 9.2% | ||
| Q3 25 | 4.1% | 3.6% | ||
| Q2 25 | 1.7% | 4.0% | ||
| Q1 25 | 1.4% | 3.1% | ||
| Q4 24 | 5.5% | 7.2% | ||
| Q3 24 | 0.8% | 2.7% | ||
| Q2 24 | 1.9% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.09× | 6.29× | ||
| Q2 25 | 1.04× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.88× | 6.32× | ||
| Q2 24 | 1.04× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BUSE
| Net Interest Income | $154.0M | 78% |
| Noninterest Income | $42.3M | 22% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
