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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) 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 $79.8M, roughly 1.3× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs -7.0%, a 275.5% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -16.0%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-450.8M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
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.
CORZ vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $100.0M |
| Net Profit | $214.2M | $-7.0M |
| Gross Margin | 26.0% | 28.0% |
| Operating Margin | -149.5% | -10.7% |
| Net Margin | 268.5% | -7.0% |
| Revenue YoY | -16.0% | 14.5% |
| Net Profit YoY | 180.6% | 76.0% |
| EPS (diluted) | $-1.63 | $-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 | $79.8M | $100.0M | ||
| Q3 25 | $81.1M | $161.9M | ||
| Q2 25 | $78.6M | $172.6M | ||
| Q1 25 | $79.5M | $111.4M | ||
| Q4 24 | $94.9M | $87.3M | ||
| Q3 24 | $95.4M | $150.5M | ||
| Q2 24 | $141.1M | $160.1M | ||
| Q1 24 | $179.3M | $110.6M |
| Q4 25 | $214.2M | $-7.0M | ||
| Q3 25 | $-144.0M | $8.1M | ||
| Q2 25 | $-936.8M | $16.0M | ||
| Q1 25 | $576.3M | $-6.0M | ||
| Q4 24 | $-265.5M | $-29.2M | ||
| Q3 24 | $-455.3M | $5.9M | ||
| Q2 24 | $-902.2M | $13.3M | ||
| Q1 24 | $210.7M | $-7.9M |
| Q4 25 | 26.0% | 28.0% | ||
| Q3 25 | 4.8% | 35.4% | ||
| Q2 25 | 6.4% | 37.1% | ||
| Q1 25 | 10.3% | 29.5% | ||
| Q4 24 | 5.0% | 24.6% | ||
| Q3 24 | -0.2% | 32.4% | ||
| Q2 24 | 27.5% | 33.1% | ||
| Q1 24 | 43.3% | 27.7% |
| Q4 25 | -149.5% | -10.7% | ||
| Q3 25 | -67.6% | 13.3% | ||
| Q2 25 | -33.4% | 14.3% | ||
| Q1 25 | -59.1% | -4.4% | ||
| Q4 24 | -41.9% | -14.9% | ||
| Q3 24 | -43.2% | 8.9% | ||
| Q2 24 | -64.3% | 12.5% | ||
| Q1 24 | 30.8% | -1.9% |
| Q4 25 | 268.5% | -7.0% | ||
| Q3 25 | -177.6% | 5.0% | ||
| Q2 25 | -1191.4% | 9.3% | ||
| Q1 25 | 724.6% | -5.4% | ||
| Q4 24 | -279.7% | -33.4% | ||
| Q3 24 | -477.4% | 3.9% | ||
| Q2 24 | -639.4% | 8.3% | ||
| Q1 24 | 117.5% | -7.1% |
| Q4 25 | $-1.63 | $-0.06 | ||
| Q3 25 | $-0.45 | $0.07 | ||
| Q2 25 | $-0.04 | $0.13 | ||
| Q1 25 | $1.24 | $-0.05 | ||
| Q4 24 | $0.51 | $-0.24 | ||
| Q3 24 | $-1.17 | $0.05 | ||
| Q2 24 | $-5.05 | $0.11 | ||
| Q1 24 | $0.78 | $-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 | $311.4M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $-962.7M | $405.9M |
| Total Assets | $2.3B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | — | ||
| Q3 25 | $453.4M | — | ||
| Q2 25 | $581.3M | — | ||
| Q1 25 | $697.9M | — | ||
| Q4 24 | $836.2M | — | ||
| Q3 24 | $253.0M | — | ||
| Q2 24 | $96.1M | — | ||
| Q1 24 | $98.1M | — |
| 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 24 | — | $282.8M |
| Q4 25 | $-962.7M | $405.9M | ||
| Q3 25 | $-1.3B | $408.4M | ||
| Q2 25 | $-1.2B | $398.4M | ||
| Q1 25 | $-308.8M | $381.1M | ||
| Q4 24 | $-943.0M | $387.2M | ||
| Q3 24 | $-826.7M | $416.6M | ||
| Q2 24 | $-1.2B | $408.1M | ||
| Q1 24 | $-318.5M | $391.8M |
| Q4 25 | $2.3B | $823.2M | ||
| Q3 25 | $2.2B | $844.4M | ||
| Q2 25 | $1.9B | $822.1M | ||
| Q1 25 | $1.5B | $824.6M | ||
| Q4 24 | $1.5B | $794.2M | ||
| Q3 24 | $824.6M | $853.4M | ||
| Q2 24 | $664.2M | $830.0M | ||
| Q1 24 | $814.0M | $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 | $278.3M | $23.3M |
| Free Cash FlowOCF − Capex | $-450.8M | $14.1M |
| FCF MarginFCF / Revenue | -565.1% | 14.1% |
| Capex IntensityCapex / Revenue | 914.0% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $23.3M | ||
| Q3 25 | $131.8M | $51.0M | ||
| Q2 25 | $34.0M | $36.0M | ||
| Q1 25 | $-45.0M | $-46.9M | ||
| Q4 24 | $42.9M | $6.2M | ||
| Q3 24 | $5.7M | $37.2M | ||
| Q2 24 | $1.2M | $52.4M | ||
| Q1 24 | $22.2M | $-34.5M |
| Q4 25 | $-450.8M | $14.1M | ||
| Q3 25 | $-112.7M | $45.2M | ||
| Q2 25 | $-87.3M | $29.1M | ||
| Q1 25 | $-129.0M | $-50.3M | ||
| Q4 24 | $-52.1M | $-98.0K | ||
| Q3 24 | $-25.5M | $33.2M | ||
| Q2 24 | $-1.9M | $47.9M | ||
| Q1 24 | $-9.7M | $-39.9M |
| Q4 25 | -565.1% | 14.1% | ||
| Q3 25 | -139.0% | 27.9% | ||
| Q2 25 | -111.0% | 16.8% | ||
| Q1 25 | -162.2% | -45.2% | ||
| Q4 24 | -54.8% | -0.1% | ||
| Q3 24 | -26.7% | 22.1% | ||
| Q2 24 | -1.4% | 29.9% | ||
| Q1 24 | -5.4% | -36.0% |
| Q4 25 | 914.0% | 9.2% | ||
| Q3 25 | 301.5% | 3.6% | ||
| Q2 25 | 154.2% | 4.0% | ||
| Q1 25 | 105.6% | 3.1% | ||
| Q4 24 | 100.0% | 7.2% | ||
| Q3 24 | 32.7% | 2.7% | ||
| Q2 24 | 2.2% | 2.8% | ||
| Q1 24 | 17.8% | 4.8% |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | 0.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
