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Side-by-side financial comparison of Cardlytics, Inc. (CDLX) 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 $50.9M, roughly 2.0× Cardlytics, Inc.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -25.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $13.0M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -9.6%).
Cardlytics is a leading purchase intelligence and advertising platform that partners with major banks to analyze anonymized consumer transaction data. It delivers targeted, performance-driven ad campaigns for consumer brands, retailers and service providers, helping advertisers reach audiences based on real purchase behavior, with core operations across North America and the United Kingdom.
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.
CDLX vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.9M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -12.0% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | -25.5% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.15 | $-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 | $50.9M | $100.0M | ||
| Q3 25 | $47.0M | $161.9M | ||
| Q2 25 | $58.0M | $172.6M | ||
| Q1 25 | $56.4M | $111.4M | ||
| Q4 24 | $68.3M | $87.3M | ||
| Q3 24 | $61.1M | $150.5M | ||
| Q2 24 | $64.0M | $160.1M | ||
| Q1 24 | $62.2M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-72.7M | $8.1M | ||
| Q2 25 | $-9.3M | $16.0M | ||
| Q1 25 | $-13.3M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-145.2M | $5.9M | ||
| Q2 24 | $-4.3M | $13.3M | ||
| Q1 24 | $-24.3M | $-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 | -12.0% | -10.7% | ||
| Q3 25 | -146.6% | 13.3% | ||
| Q2 25 | -22.0% | 14.3% | ||
| Q1 25 | -24.9% | -4.4% | ||
| Q4 24 | -12.2% | -14.9% | ||
| Q3 24 | -243.1% | 8.9% | ||
| Q2 24 | -24.7% | 12.5% | ||
| Q1 24 | -36.7% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -154.7% | 5.0% | ||
| Q2 25 | -16.0% | 9.3% | ||
| Q1 25 | -23.5% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -237.6% | 3.9% | ||
| Q2 24 | -6.7% | 8.3% | ||
| Q1 24 | -39.0% | -7.1% |
| Q4 25 | $-0.15 | $-0.06 | ||
| Q3 25 | $-1.36 | $0.07 | ||
| Q2 25 | $-0.18 | $0.13 | ||
| Q1 25 | $-0.26 | $-0.05 | ||
| Q4 24 | $-0.36 | $-0.24 | ||
| Q3 24 | $-2.90 | $0.05 | ||
| Q2 24 | $-0.09 | $0.11 | ||
| Q1 24 | $-0.56 | $-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 | $48.7M | — |
| Total DebtLower is stronger | $212.6M | $279.8M |
| Stockholders' EquityBook value | $-6.5M | $405.9M |
| Total Assets | $285.6M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.7M | — | ||
| Q3 25 | $44.0M | — | ||
| Q2 25 | $46.7M | — | ||
| Q1 25 | $52.0M | — | ||
| Q4 24 | $65.6M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $71.2M | — | ||
| Q1 24 | $97.8M | — |
| Q4 25 | $212.6M | $279.8M | ||
| Q3 25 | $214.6M | $281.1M | ||
| Q2 25 | $214.3M | $281.5M | ||
| Q1 25 | $213.9M | $306.9M | ||
| Q4 24 | $213.6M | $281.5M | ||
| Q3 24 | $213.2M | $282.8M | ||
| Q2 24 | $212.9M | $282.4M | ||
| Q1 24 | $257.9M | $282.8M |
| Q4 25 | $-6.5M | $405.9M | ||
| Q3 25 | $-4.7M | $408.4M | ||
| Q2 25 | $58.7M | $398.4M | ||
| Q1 25 | $64.1M | $381.1M | ||
| Q4 24 | $70.0M | $387.2M | ||
| Q3 24 | $69.7M | $416.6M | ||
| Q2 24 | $210.0M | $408.1M | ||
| Q1 24 | $199.1M | $391.8M |
| Q4 25 | $285.6M | $823.2M | ||
| Q3 25 | $292.8M | $844.4M | ||
| Q2 25 | $361.1M | $822.1M | ||
| Q1 25 | $369.1M | $824.6M | ||
| Q4 24 | $392.7M | $794.2M | ||
| Q3 24 | $399.4M | $853.4M | ||
| Q2 24 | $534.4M | $830.0M | ||
| Q1 24 | $569.0M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | 3.65× | 0.71× | ||
| Q1 25 | 3.34× | 0.81× | ||
| Q4 24 | 3.05× | 0.73× | ||
| Q3 24 | 3.06× | 0.68× | ||
| Q2 24 | 1.01× | 0.69× | ||
| Q1 24 | 1.29× | 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 | $13.0M | $23.3M |
| Free Cash FlowOCF − Capex | $13.0M | $14.1M |
| FCF MarginFCF / Revenue | 25.5% | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.0M | $23.3M | ||
| Q3 25 | $1.8M | $51.0M | ||
| Q2 25 | $1.2M | $36.0M | ||
| Q1 25 | $-6.7M | $-46.9M | ||
| Q4 24 | $3.0M | $6.2M | ||
| Q3 24 | $1.4M | $37.2M | ||
| Q2 24 | $4.4M | $52.4M | ||
| Q1 24 | $-17.6M | $-34.5M |
| Q4 25 | $13.0M | $14.1M | ||
| Q3 25 | $1.7M | $45.2M | ||
| Q2 25 | $903.0K | $29.1M | ||
| Q1 25 | $-6.8M | $-50.3M | ||
| Q4 24 | $2.9M | $-98.0K | ||
| Q3 24 | $878.0K | $33.2M | ||
| Q2 24 | $4.1M | $47.9M | ||
| Q1 24 | $-18.3M | $-39.9M |
| Q4 25 | 25.5% | 14.1% | ||
| Q3 25 | 3.7% | 27.9% | ||
| Q2 25 | 1.6% | 16.8% | ||
| Q1 25 | -12.1% | -45.2% | ||
| Q4 24 | 4.2% | -0.1% | ||
| Q3 24 | 1.4% | 22.1% | ||
| Q2 24 | 6.5% | 29.9% | ||
| Q1 24 | -29.4% | -36.0% |
| Q4 25 | 0.0% | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 0.6% | 4.0% | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | 0.2% | 7.2% | ||
| Q3 24 | 0.8% | 2.7% | ||
| Q2 24 | 0.4% | 2.8% | ||
| Q1 24 | 1.0% | 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
CDLX
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
