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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
CRA INTERNATIONAL, INC. is the larger business by last-quarter revenue ($197.0M vs $100.0M, roughly 2.0× Latham Group, Inc.). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs -7.0%, a 13.7% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 11.6%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs -4.9%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
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.
CRAI vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $100.0M |
| Net Profit | $13.2M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 10.5% | -10.7% |
| Net Margin | 6.7% | -7.0% |
| Revenue YoY | 11.6% | 14.5% |
| Net Profit YoY | -12.0% | 76.0% |
| EPS (diluted) | $1.99 | $-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 | $197.0M | $100.0M | ||
| Q3 25 | $185.9M | $161.9M | ||
| Q2 25 | $186.9M | $172.6M | ||
| Q1 25 | $181.9M | $111.4M | ||
| Q4 24 | $176.4M | $87.3M | ||
| Q3 24 | $167.7M | $150.5M | ||
| Q2 24 | $171.4M | $160.1M | ||
| Q1 24 | $171.8M | $110.6M |
| Q4 25 | $13.2M | $-7.0M | ||
| Q3 25 | $11.5M | $8.1M | ||
| Q2 25 | $12.1M | $16.0M | ||
| Q1 25 | $18.0M | $-6.0M | ||
| Q4 24 | $15.0M | $-29.2M | ||
| Q3 24 | $11.4M | $5.9M | ||
| Q2 24 | $6.5M | $13.3M | ||
| Q1 24 | $13.7M | $-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 | 10.5% | -10.7% | ||
| Q3 25 | 9.3% | 13.3% | ||
| Q2 25 | 10.6% | 14.3% | ||
| Q1 25 | 14.0% | -4.4% | ||
| Q4 24 | 12.2% | -14.9% | ||
| Q3 24 | 11.0% | 8.9% | ||
| Q2 24 | 6.6% | 12.5% | ||
| Q1 24 | 11.4% | -1.9% |
| Q4 25 | 6.7% | -7.0% | ||
| Q3 25 | 6.2% | 5.0% | ||
| Q2 25 | 6.5% | 9.3% | ||
| Q1 25 | 9.9% | -5.4% | ||
| Q4 24 | 8.5% | -33.4% | ||
| Q3 24 | 6.8% | 3.9% | ||
| Q2 24 | 3.8% | 8.3% | ||
| Q1 24 | 8.0% | -7.1% |
| Q4 25 | $1.99 | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-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 | $18.2M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $213.6M | $405.9M |
| Total Assets | $628.9M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | — | ||
| Q3 25 | $22.5M | — | ||
| Q2 25 | $19.4M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $24.5M | — | ||
| Q2 24 | $24.6M | — | ||
| Q1 24 | $37.1M | — |
| 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 | $213.6M | $405.9M | ||
| Q3 25 | $201.7M | $408.4M | ||
| Q2 25 | $197.0M | $398.4M | ||
| Q1 25 | $227.3M | $381.1M | ||
| Q4 24 | $212.1M | $387.2M | ||
| Q3 24 | $204.5M | $416.6M | ||
| Q2 24 | $191.7M | $408.1M | ||
| Q1 24 | $211.8M | $391.8M |
| Q4 25 | $628.9M | $823.2M | ||
| Q3 25 | $629.0M | $844.4M | ||
| Q2 25 | $606.8M | $822.1M | ||
| Q1 25 | $590.4M | $824.6M | ||
| Q4 24 | $571.4M | $794.2M | ||
| Q3 24 | $582.3M | $853.4M | ||
| Q2 24 | $546.0M | $830.0M | ||
| Q1 24 | $552.5M | $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 | $22.4M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 1.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $23.3M | ||
| Q3 25 | $36.5M | $51.0M | ||
| Q2 25 | $5.9M | $36.0M | ||
| Q1 25 | $-80.0M | $-46.9M | ||
| Q4 24 | $79.4M | $6.2M | ||
| Q3 24 | $31.6M | $37.2M | ||
| Q2 24 | $1.8M | $52.4M | ||
| Q1 24 | $-63.1M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | $35.9M | $45.2M | ||
| Q2 25 | $4.7M | $29.1M | ||
| Q1 25 | $-81.0M | $-50.3M | ||
| Q4 24 | $68.8M | $-98.0K | ||
| Q3 24 | $28.6M | $33.2M | ||
| Q2 24 | $-509.0K | $47.9M | ||
| Q1 24 | $-63.8M | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | 19.3% | 27.9% | ||
| Q2 25 | 2.5% | 16.8% | ||
| Q1 25 | -44.5% | -45.2% | ||
| Q4 24 | 39.0% | -0.1% | ||
| Q3 24 | 17.0% | 22.1% | ||
| Q2 24 | -0.3% | 29.9% | ||
| Q1 24 | -37.1% | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 0.6% | 4.0% | ||
| Q1 25 | 0.5% | 3.1% | ||
| Q4 24 | 6.0% | 7.2% | ||
| Q3 24 | 1.8% | 2.7% | ||
| Q2 24 | 1.4% | 2.8% | ||
| Q1 24 | 0.4% | 4.8% |
| Q4 25 | 1.70× | — | ||
| Q3 25 | 3.19× | 6.29× | ||
| Q2 25 | 0.48× | 2.25× | ||
| Q1 25 | -4.44× | — | ||
| Q4 24 | 5.30× | — | ||
| Q3 24 | 2.76× | 6.32× | ||
| Q2 24 | 0.28× | 3.95× | ||
| Q1 24 | -4.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
