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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $117.3M, roughly 1.2× Latham Group, Inc.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs -7.3%, a 31.5% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (5.3% vs 2.9%). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs -14.4%).
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
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.
CNS vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.8M | $117.3M |
| Net Profit | $34.9M | $-8.5M |
| Gross Margin | — | 31.7% |
| Operating Margin | 28.0% | — |
| Net Margin | 24.3% | -7.3% |
| Revenue YoY | 2.9% | 5.3% |
| Net Profit YoY | -23.9% | -43.1% |
| EPS (diluted) | $0.67 | $-0.07 |
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 | — | $117.3M | ||
| Q4 25 | $143.8M | $100.0M | ||
| Q3 25 | $141.7M | $161.9M | ||
| Q2 25 | $136.1M | $172.6M | ||
| Q1 25 | $134.5M | $111.4M | ||
| Q4 24 | $139.8M | $87.3M | ||
| Q3 24 | $133.2M | $150.5M | ||
| Q2 24 | $121.7M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $34.9M | $-7.0M | ||
| Q3 25 | $41.7M | $8.1M | ||
| Q2 25 | $36.8M | $16.0M | ||
| Q1 25 | $39.8M | $-6.0M | ||
| Q4 24 | $45.8M | $-29.2M | ||
| Q3 24 | $39.7M | $5.9M | ||
| Q2 24 | $31.8M | $13.3M |
| Q1 26 | — | 31.7% | ||
| 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 | 28.0% | -10.7% | ||
| Q3 25 | 34.5% | 13.3% | ||
| Q2 25 | 31.8% | 14.3% | ||
| Q1 25 | 33.6% | -4.4% | ||
| Q4 24 | 35.3% | -14.9% | ||
| Q3 24 | 33.7% | 8.9% | ||
| Q2 24 | 31.5% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | 24.3% | -7.0% | ||
| Q3 25 | 29.4% | 5.0% | ||
| Q2 25 | 27.1% | 9.3% | ||
| Q1 25 | 29.6% | -5.4% | ||
| Q4 24 | 32.8% | -33.4% | ||
| Q3 24 | 29.8% | 3.9% | ||
| Q2 24 | 26.1% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.67 | $-0.06 | ||
| Q3 25 | $0.81 | $0.07 | ||
| Q2 25 | $0.72 | $0.13 | ||
| Q1 25 | $0.77 | $-0.05 | ||
| Q4 24 | $0.89 | $-0.24 | ||
| Q3 24 | $0.77 | $0.05 | ||
| Q2 24 | $0.63 | $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 | $145.5M | — |
| Total DebtLower is stronger | — | $3.3M |
| Stockholders' EquityBook value | $562.0M | $396.7M |
| Total Assets | $876.7M | $856.4M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $145.5M | — | ||
| Q3 25 | $98.1M | — | ||
| Q2 25 | $95.4M | — | ||
| Q1 25 | $65.2M | — | ||
| Q4 24 | $183.0M | — | ||
| Q3 24 | $106.5M | — | ||
| Q2 24 | $122.0M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | $562.0M | $405.9M | ||
| Q3 25 | $550.3M | $408.4M | ||
| Q2 25 | $528.5M | $398.4M | ||
| Q1 25 | $507.7M | $381.1M | ||
| Q4 24 | $511.7M | $387.2M | ||
| Q3 24 | $491.0M | $416.6M | ||
| Q2 24 | $463.2M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $876.7M | $823.2M | ||
| Q3 25 | $801.6M | $844.4M | ||
| Q2 25 | $751.0M | $822.1M | ||
| Q1 25 | $834.9M | $824.6M | ||
| Q4 24 | $812.4M | $794.2M | ||
| Q3 24 | $727.8M | $853.4M | ||
| Q2 24 | $784.1M | $830.0M |
| Q1 26 | — | 0.01× | ||
| 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× |
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 | $-120.4M | $-47.7M |
| Free Cash FlowOCF − Capex | $-126.4M | — |
| FCF MarginFCF / Revenue | -87.9% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | -3.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-253.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $-120.4M | $23.3M | ||
| Q3 25 | $55.1M | $51.0M | ||
| Q2 25 | $-67.6M | $36.0M | ||
| Q1 25 | $-108.9M | $-46.9M | ||
| Q4 24 | $96.7M | $6.2M | ||
| Q3 24 | $25.6M | $37.2M | ||
| Q2 24 | $31.4M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-126.4M | $14.1M | ||
| Q3 25 | $52.6M | $45.2M | ||
| Q2 25 | $-69.8M | $29.1M | ||
| Q1 25 | $-110.0M | $-50.3M | ||
| Q4 24 | $85.0M | $-98.0K | ||
| Q3 24 | $24.2M | $33.2M | ||
| Q2 24 | $27.1M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | -87.9% | 14.1% | ||
| Q3 25 | 37.1% | 27.9% | ||
| Q2 25 | -51.3% | 16.8% | ||
| Q1 25 | -81.8% | -45.2% | ||
| Q4 24 | 60.8% | -0.1% | ||
| Q3 24 | 18.2% | 22.1% | ||
| Q2 24 | 22.3% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 9.2% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 1.6% | 4.0% | ||
| Q1 25 | 0.8% | 3.1% | ||
| Q4 24 | 8.3% | 7.2% | ||
| Q3 24 | 1.1% | 2.7% | ||
| Q2 24 | 3.5% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | -3.45× | — | ||
| Q3 25 | 1.32× | 6.29× | ||
| Q2 25 | -1.84× | 2.25× | ||
| Q1 25 | -2.74× | — | ||
| Q4 24 | 2.11× | — | ||
| Q3 24 | 0.65× | 6.32× | ||
| Q2 24 | 0.99× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
