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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) 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 $61.6M, roughly 1.6× BEYOND MEAT, INC.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -19.7%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-49.8M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
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.
BYND vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | -11.5% | 28.0% |
| Operating Margin | -211.4% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | -19.7% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $0.68 | $-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 | $61.6M | $100.0M | ||
| Q3 25 | $70.2M | $161.9M | ||
| Q2 25 | $75.0M | $172.6M | ||
| Q1 25 | $68.7M | $111.4M | ||
| Q4 24 | $76.7M | $87.3M | ||
| Q3 24 | $81.0M | $150.5M | ||
| Q2 24 | $93.2M | $160.1M | ||
| Q1 24 | $75.6M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-110.7M | $8.1M | ||
| Q2 25 | $-29.2M | $16.0M | ||
| Q1 25 | $-52.9M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-26.6M | $5.9M | ||
| Q2 24 | $-34.5M | $13.3M | ||
| Q1 24 | $-54.4M | $-7.9M |
| Q4 25 | -11.5% | 28.0% | ||
| Q3 25 | 10.3% | 35.4% | ||
| Q2 25 | 11.5% | 37.1% | ||
| Q1 25 | -1.5% | 29.5% | ||
| Q4 24 | 13.1% | 24.6% | ||
| Q3 24 | 17.7% | 32.4% | ||
| Q2 24 | 14.7% | 33.1% | ||
| Q1 24 | 4.9% | 27.7% |
| Q4 25 | -211.4% | -10.7% | ||
| Q3 25 | -160.0% | 13.3% | ||
| Q2 25 | -46.6% | 14.3% | ||
| Q1 25 | -81.8% | -4.4% | ||
| Q4 24 | -49.3% | -14.9% | ||
| Q3 24 | -38.2% | 8.9% | ||
| Q2 24 | -36.4% | 12.5% | ||
| Q1 24 | -70.7% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -157.6% | 5.0% | ||
| Q2 25 | -39.0% | 9.3% | ||
| Q1 25 | -77.0% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -32.8% | 3.9% | ||
| Q2 24 | -37.0% | 8.3% | ||
| Q1 24 | -71.9% | -7.1% |
| Q4 25 | $0.68 | $-0.06 | ||
| Q3 25 | $-1.44 | $0.07 | ||
| Q2 25 | $-0.38 | $0.13 | ||
| Q1 25 | $-0.69 | $-0.05 | ||
| Q4 24 | $-0.65 | $-0.24 | ||
| Q3 24 | $-0.41 | $0.05 | ||
| Q2 24 | $-0.53 | $0.11 | ||
| Q1 24 | $-0.84 | $-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 | $203.9M | — |
| Total DebtLower is stronger | $415.7M | $279.8M |
| Stockholders' EquityBook value | $-997.0K | $405.9M |
| Total Assets | $614.7M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | — | ||
| Q3 25 | $117.3M | — | ||
| Q2 25 | $103.5M | — | ||
| Q1 25 | $102.1M | — | ||
| Q4 24 | $131.9M | — | ||
| Q3 24 | $121.7M | — | ||
| Q2 24 | $144.9M | — | ||
| Q1 24 | $157.9M | — |
| Q4 25 | $415.7M | $279.8M | ||
| Q3 25 | $1.2B | $281.1M | ||
| Q2 25 | $1.2B | $281.5M | ||
| Q1 25 | $1.1B | $306.9M | ||
| Q4 24 | $1.1B | $281.5M | ||
| Q3 24 | $1.1B | $282.8M | ||
| Q2 24 | $1.1B | $282.4M | ||
| Q1 24 | $1.1B | $282.8M |
| Q4 25 | $-997.0K | $405.9M | ||
| Q3 25 | $-784.1M | $408.4M | ||
| Q2 25 | $-677.0M | $398.4M | ||
| Q1 25 | $-649.5M | $381.1M | ||
| Q4 24 | $-601.2M | $387.2M | ||
| Q3 24 | $-611.9M | $416.6M | ||
| Q2 24 | $-590.0M | $408.1M | ||
| Q1 24 | $-561.4M | $391.8M |
| Q4 25 | $614.7M | $823.2M | ||
| Q3 25 | $599.7M | $844.4M | ||
| Q2 25 | $691.7M | $822.1M | ||
| Q1 25 | $643.8M | $824.6M | ||
| Q4 24 | $678.1M | $794.2M | ||
| Q3 24 | $692.9M | $853.4M | ||
| Q2 24 | $711.2M | $830.0M | ||
| Q1 24 | $735.0M | $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 | $-46.8M | $23.3M |
| Free Cash FlowOCF − Capex | $-49.8M | $14.1M |
| FCF MarginFCF / Revenue | -80.8% | 14.1% |
| Capex IntensityCapex / Revenue | 4.8% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | $23.3M | ||
| Q3 25 | $-38.8M | $51.0M | ||
| Q2 25 | $-33.2M | $36.0M | ||
| Q1 25 | $-26.1M | $-46.9M | ||
| Q4 24 | $-29.0M | $6.2M | ||
| Q3 24 | $-22.0M | $37.2M | ||
| Q2 24 | $-16.0M | $52.4M | ||
| Q1 24 | $-31.8M | $-34.5M |
| Q4 25 | $-49.8M | $14.1M | ||
| Q3 25 | $-41.7M | $45.2M | ||
| Q2 25 | $-35.1M | $29.1M | ||
| Q1 25 | $-30.6M | $-50.3M | ||
| Q4 24 | $-35.4M | $-98.0K | ||
| Q3 24 | $-24.1M | $33.2M | ||
| Q2 24 | $-17.3M | $47.9M | ||
| Q1 24 | $-33.0M | $-39.9M |
| Q4 25 | -80.8% | 14.1% | ||
| Q3 25 | -59.4% | 27.9% | ||
| Q2 25 | -46.9% | 16.8% | ||
| Q1 25 | -44.6% | -45.2% | ||
| Q4 24 | -46.2% | -0.1% | ||
| Q3 24 | -29.7% | 22.1% | ||
| Q2 24 | -18.6% | 29.9% | ||
| Q1 24 | -43.7% | -36.0% |
| Q4 25 | 4.8% | 9.2% | ||
| Q3 25 | 4.1% | 3.6% | ||
| Q2 25 | 2.6% | 4.0% | ||
| Q1 25 | 6.5% | 3.1% | ||
| Q4 24 | 8.4% | 7.2% | ||
| Q3 24 | 2.5% | 2.7% | ||
| Q2 24 | 1.4% | 2.8% | ||
| Q1 24 | 1.6% | 4.8% |
| 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
BYND
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
