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Side-by-side financial comparison of Cerence Inc. (CRNC) 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 ($117.3M vs $115.1M, roughly 1.0× Cerence Inc.). Cerence Inc. runs the higher net margin — -4.6% vs -7.3%, a 2.7% gap on every dollar of revenue. On growth, Cerence Inc. posted the faster year-over-year revenue change (126.1% vs 5.3%). Over the past eight quarters, Cerence Inc.'s revenue compounded faster (30.3% CAGR vs -14.4%).
Cerence Inc. is an American multinational software company that develops artificial intelligence (AI) assistant technology primarily for automobiles.
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.
CRNC vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $115.1M | $117.3M |
| Net Profit | $-5.2M | $-8.5M |
| Gross Margin | 86.3% | 31.7% |
| Operating Margin | 25.5% | — |
| Net Margin | -4.6% | -7.3% |
| Revenue YoY | 126.1% | 5.3% |
| Net Profit YoY | 78.4% | -43.1% |
| EPS (diluted) | $-0.12 | $-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 | $115.1M | $100.0M | ||
| Q3 25 | $60.6M | $161.9M | ||
| Q2 25 | $62.2M | $172.6M | ||
| Q1 25 | $78.0M | $111.4M | ||
| Q4 24 | $50.9M | $87.3M | ||
| Q3 24 | $54.8M | $150.5M | ||
| Q2 24 | $70.5M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $-5.2M | $-7.0M | ||
| Q3 25 | $-13.4M | $8.1M | ||
| Q2 25 | $-2.7M | $16.0M | ||
| Q1 25 | $21.7M | $-6.0M | ||
| Q4 24 | $-24.3M | $-29.2M | ||
| Q3 24 | $-20.4M | $5.9M | ||
| Q2 24 | $-313.5M | $13.3M |
| Q1 26 | — | 31.7% | ||
| Q4 25 | 86.3% | 28.0% | ||
| Q3 25 | 72.6% | 35.4% | ||
| Q2 25 | 73.7% | 37.1% | ||
| Q1 25 | 77.1% | 29.5% | ||
| Q4 24 | 65.0% | 24.6% | ||
| Q3 24 | 63.7% | 32.4% | ||
| Q2 24 | 71.5% | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | -10.7% | ||
| Q3 25 | -2.9% | 13.3% | ||
| Q2 25 | -1.5% | 14.3% | ||
| Q1 25 | 22.2% | -4.4% | ||
| Q4 24 | -33.3% | -14.9% | ||
| Q3 24 | -35.1% | 8.9% | ||
| Q2 24 | -503.1% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | -4.6% | -7.0% | ||
| Q3 25 | -22.0% | 5.0% | ||
| Q2 25 | -4.4% | 9.3% | ||
| Q1 25 | 27.8% | -5.4% | ||
| Q4 24 | -47.7% | -33.4% | ||
| Q3 24 | -37.3% | 3.9% | ||
| Q2 24 | -444.5% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.12 | $-0.06 | ||
| Q3 25 | $-0.26 | $0.07 | ||
| Q2 25 | $-0.06 | $0.13 | ||
| Q1 25 | $0.46 | $-0.05 | ||
| Q4 24 | $-0.57 | $-0.24 | ||
| Q3 24 | $-0.49 | $0.05 | ||
| Q2 24 | $-7.50 | $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 | $2.5M | — |
| Total DebtLower is stronger | $171.9M | $3.3M |
| Stockholders' EquityBook value | $150.4M | $396.7M |
| Total Assets | $602.0M | $856.4M |
| Debt / EquityLower = less leverage | 1.14× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $5.5M | — | ||
| Q2 24 | $5.4M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | $171.9M | $279.8M | ||
| Q3 25 | $199.7M | $281.1M | ||
| Q2 25 | $198.8M | $281.5M | ||
| Q1 25 | $257.6M | $306.9M | ||
| Q4 24 | $256.2M | $281.5M | ||
| Q3 24 | $281.9M | $282.8M | ||
| Q2 24 | $280.4M | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | $150.4M | $405.9M | ||
| Q3 25 | $150.7M | $408.4M | ||
| Q2 25 | $155.7M | $398.4M | ||
| Q1 25 | $149.3M | $381.1M | ||
| Q4 24 | $120.7M | $387.2M | ||
| Q3 24 | $141.1M | $416.6M | ||
| Q2 24 | $154.2M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $602.0M | $823.2M | ||
| Q3 25 | $630.6M | $844.4M | ||
| Q2 25 | $636.8M | $822.1M | ||
| Q1 25 | $665.5M | $824.6M | ||
| Q4 24 | $617.5M | $794.2M | ||
| Q3 24 | $702.4M | $853.4M | ||
| Q2 24 | $674.0M | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | 1.14× | 0.69× | ||
| Q3 25 | 1.33× | 0.69× | ||
| Q2 25 | 1.28× | 0.71× | ||
| Q1 25 | 1.73× | 0.81× | ||
| Q4 24 | 2.12× | 0.73× | ||
| Q3 24 | 2.00× | 0.68× | ||
| Q2 24 | 1.82× | 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 | $37.9M | $-47.7M |
| Free Cash FlowOCF − Capex | $35.6M | — |
| FCF MarginFCF / Revenue | 31.0% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $37.9M | $23.3M | ||
| Q3 25 | $12.8M | $51.0M | ||
| Q2 25 | $23.7M | $36.0M | ||
| Q1 25 | $15.5M | $-46.9M | ||
| Q4 24 | $9.3M | $6.2M | ||
| Q3 24 | $6.1M | $37.2M | ||
| Q2 24 | $12.9M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $35.6M | $14.1M | ||
| Q3 25 | $9.7M | $45.2M | ||
| Q2 25 | $16.1M | $29.1M | ||
| Q1 25 | $13.1M | $-50.3M | ||
| Q4 24 | $7.9M | $-98.0K | ||
| Q3 24 | $4.7M | $33.2M | ||
| Q2 24 | $12.1M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 31.0% | 14.1% | ||
| Q3 25 | 16.1% | 27.9% | ||
| Q2 25 | 25.8% | 16.8% | ||
| Q1 25 | 16.8% | -45.2% | ||
| Q4 24 | 15.5% | -0.1% | ||
| Q3 24 | 8.5% | 22.1% | ||
| Q2 24 | 17.1% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 9.2% | ||
| Q3 25 | 5.0% | 3.6% | ||
| Q2 25 | 12.3% | 4.0% | ||
| Q1 25 | 3.0% | 3.1% | ||
| Q4 24 | 2.7% | 7.2% | ||
| Q3 24 | 2.6% | 2.7% | ||
| Q2 24 | 1.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRNC
| License | $87.8M | 76% |
| Connected Services | $14.5M | 13% |
| Professional Services | $12.8M | 11% |
SWIM
Segment breakdown not available.
