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Side-by-side financial comparison of Clarus Corp (CLAR) 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 $65.4M, roughly 1.5× Clarus Corp). Latham Group, Inc. runs the higher net margin — -7.0% vs -47.8%, a 40.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -8.4%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $11.6M). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% CAGR vs -4.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
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.
CLAR vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $100.0M |
| Net Profit | $-31.3M | $-7.0M |
| Gross Margin | 27.7% | 28.0% |
| Operating Margin | -59.6% | -10.7% |
| Net Margin | -47.8% | -7.0% |
| Revenue YoY | -8.4% | 14.5% |
| Net Profit YoY | 52.3% | 76.0% |
| EPS (diluted) | $-0.81 | $-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 | $65.4M | $100.0M | ||
| Q3 25 | $69.3M | $161.9M | ||
| Q2 25 | $55.2M | $172.6M | ||
| Q1 25 | $60.4M | $111.4M | ||
| Q4 24 | $71.4M | $87.3M | ||
| Q3 24 | $67.1M | $150.5M | ||
| Q2 24 | $56.5M | $160.1M | ||
| Q1 24 | $69.3M | $110.6M |
| Q4 25 | $-31.3M | $-7.0M | ||
| Q3 25 | $-1.6M | $8.1M | ||
| Q2 25 | $-8.4M | $16.0M | ||
| Q1 25 | $-5.2M | $-6.0M | ||
| Q4 24 | $-65.5M | $-29.2M | ||
| Q3 24 | $-3.2M | $5.9M | ||
| Q2 24 | $-5.5M | $13.3M | ||
| Q1 24 | $21.9M | $-7.9M |
| Q4 25 | 27.7% | 28.0% | ||
| Q3 25 | 35.1% | 35.4% | ||
| Q2 25 | 35.6% | 37.1% | ||
| Q1 25 | 34.4% | 29.5% | ||
| Q4 24 | 33.4% | 24.6% | ||
| Q3 24 | 35.0% | 32.4% | ||
| Q2 24 | 36.1% | 33.1% | ||
| Q1 24 | 35.9% | 27.7% |
| Q4 25 | -59.6% | -10.7% | ||
| Q3 25 | -4.4% | 13.3% | ||
| Q2 25 | -19.7% | 14.3% | ||
| Q1 25 | -11.2% | -4.4% | ||
| Q4 24 | -70.2% | -14.9% | ||
| Q3 24 | -8.0% | 8.9% | ||
| Q2 24 | -14.4% | 12.5% | ||
| Q1 24 | -9.8% | -1.9% |
| Q4 25 | -47.8% | -7.0% | ||
| Q3 25 | -2.3% | 5.0% | ||
| Q2 25 | -15.3% | 9.3% | ||
| Q1 25 | -8.7% | -5.4% | ||
| Q4 24 | -91.8% | -33.4% | ||
| Q3 24 | -4.7% | 3.9% | ||
| Q2 24 | -9.7% | 8.3% | ||
| Q1 24 | 31.6% | -7.1% |
| Q4 25 | $-0.81 | $-0.06 | ||
| Q3 25 | $-0.04 | $0.07 | ||
| Q2 25 | $-0.22 | $0.13 | ||
| Q1 25 | $-0.14 | $-0.05 | ||
| Q4 24 | $-1.72 | $-0.24 | ||
| Q3 24 | $-0.08 | $0.05 | ||
| Q2 24 | $-0.14 | $0.11 | ||
| Q1 24 | $0.57 | $-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 | $36.7M | — |
| Total DebtLower is stronger | $0 | $279.8M |
| Stockholders' EquityBook value | $196.4M | $405.9M |
| Total Assets | $249.0M | $823.2M |
| Debt / EquityLower = less leverage | 0.00× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | — | ||
| Q3 25 | $29.5M | — | ||
| Q2 25 | $28.5M | — | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $45.4M | — | ||
| Q3 24 | $36.4M | — | ||
| Q2 24 | $46.2M | — | ||
| Q1 24 | $47.5M | — |
| Q4 25 | $0 | $279.8M | ||
| Q3 25 | $2.0M | $281.1M | ||
| Q2 25 | $1.9M | $281.5M | ||
| Q1 25 | $1.9M | $306.9M | ||
| Q4 24 | $1.9M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | $37.0K | $282.8M |
| Q4 25 | $196.4M | $405.9M | ||
| Q3 25 | $225.8M | $408.4M | ||
| Q2 25 | $225.1M | $398.4M | ||
| Q1 25 | $229.3M | $381.1M | ||
| Q4 24 | $233.1M | $387.2M | ||
| Q3 24 | $308.5M | $416.6M | ||
| Q2 24 | $307.3M | $408.1M | ||
| Q1 24 | $310.4M | $391.8M |
| Q4 25 | $249.0M | $823.2M | ||
| Q3 25 | $283.1M | $844.4M | ||
| Q2 25 | $286.5M | $822.1M | ||
| Q1 25 | $292.8M | $824.6M | ||
| Q4 24 | $294.1M | $794.2M | ||
| Q3 24 | $375.3M | $853.4M | ||
| Q2 24 | $369.4M | $830.0M | ||
| Q1 24 | $377.0M | $808.6M |
| Q4 25 | 0.00× | 0.69× | ||
| Q3 25 | 0.01× | 0.69× | ||
| Q2 25 | 0.01× | 0.71× | ||
| Q1 25 | 0.01× | 0.81× | ||
| Q4 24 | 0.01× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | 0.00× | 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 | $12.5M | $23.3M |
| Free Cash FlowOCF − Capex | $11.6M | $14.1M |
| FCF MarginFCF / Revenue | 17.7% | 14.1% |
| Capex IntensityCapex / Revenue | 1.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $23.3M | ||
| Q3 25 | $-5.7M | $51.0M | ||
| Q2 25 | $-9.4M | $36.0M | ||
| Q1 25 | $-2.1M | $-46.9M | ||
| Q4 24 | $16.6M | $6.2M | ||
| Q3 24 | $-8.3M | $37.2M | ||
| Q2 24 | $834.0K | $52.4M | ||
| Q1 24 | $-16.4M | $-34.5M |
| Q4 25 | $11.6M | $14.1M | ||
| Q3 25 | $-7.0M | $45.2M | ||
| Q2 25 | $-11.3M | $29.1M | ||
| Q1 25 | $-3.3M | $-50.3M | ||
| Q4 24 | $14.4M | $-98.0K | ||
| Q3 24 | $-9.4M | $33.2M | ||
| Q2 24 | $-744.0K | $47.9M | ||
| Q1 24 | $-18.3M | $-39.9M |
| Q4 25 | 17.7% | 14.1% | ||
| Q3 25 | -10.0% | 27.9% | ||
| Q2 25 | -20.4% | 16.8% | ||
| Q1 25 | -5.4% | -45.2% | ||
| Q4 24 | 20.1% | -0.1% | ||
| Q3 24 | -14.0% | 22.1% | ||
| Q2 24 | -1.3% | 29.9% | ||
| Q1 24 | -26.3% | -36.0% |
| Q4 25 | 1.4% | 9.2% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 3.4% | 4.0% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 3.1% | 7.2% | ||
| Q3 24 | 1.6% | 2.7% | ||
| Q2 24 | 2.8% | 2.8% | ||
| Q1 24 | 2.7% | 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 | -0.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
