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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) 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 $62.1M, roughly 1.6× Cytek Biosciences, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -70.9%, a 63.9% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 8.1%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-1.8M). Over the past eight quarters, Cytek Biosciences, Inc.'s revenue compounded faster (17.7% CAGR vs -4.9%).
Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.
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.
CTKB vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $100.0M |
| Net Profit | $-44.1M | $-7.0M |
| Gross Margin | 52.9% | 28.0% |
| Operating Margin | -9.0% | -10.7% |
| Net Margin | -70.9% | -7.0% |
| Revenue YoY | 8.1% | 14.5% |
| Net Profit YoY | -557.1% | 76.0% |
| EPS (diluted) | — | $-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 | $62.1M | $100.0M | ||
| Q3 25 | $52.3M | $161.9M | ||
| Q2 25 | $45.6M | $172.6M | ||
| Q1 25 | $41.5M | $111.4M | ||
| Q4 24 | $57.5M | $87.3M | ||
| Q3 24 | $51.5M | $150.5M | ||
| Q2 24 | $46.6M | $160.1M | ||
| Q1 24 | $44.9M | $110.6M |
| Q4 25 | $-44.1M | $-7.0M | ||
| Q3 25 | $-5.5M | $8.1M | ||
| Q2 25 | $-5.6M | $16.0M | ||
| Q1 25 | $-11.4M | $-6.0M | ||
| Q4 24 | $9.6M | $-29.2M | ||
| Q3 24 | $941.0K | $5.9M | ||
| Q2 24 | $-10.4M | $13.3M | ||
| Q1 24 | $-6.2M | $-7.9M |
| Q4 25 | 52.9% | 28.0% | ||
| Q3 25 | 52.7% | 35.4% | ||
| Q2 25 | 52.3% | 37.1% | ||
| Q1 25 | 48.6% | 29.5% | ||
| Q4 24 | 58.5% | 24.6% | ||
| Q3 24 | 56.3% | 32.4% | ||
| Q2 24 | 54.6% | 33.1% | ||
| Q1 24 | 51.3% | 27.7% |
| Q4 25 | -9.0% | -10.7% | ||
| Q3 25 | -17.6% | 13.3% | ||
| Q2 25 | -23.3% | 14.3% | ||
| Q1 25 | -36.1% | -4.4% | ||
| Q4 24 | 5.2% | -14.9% | ||
| Q3 24 | -8.2% | 8.9% | ||
| Q2 24 | -18.3% | 12.5% | ||
| Q1 24 | -23.9% | -1.9% |
| Q4 25 | -70.9% | -7.0% | ||
| Q3 25 | -10.5% | 5.0% | ||
| Q2 25 | -12.2% | 9.3% | ||
| Q1 25 | -27.5% | -5.4% | ||
| Q4 24 | 16.8% | -33.4% | ||
| Q3 24 | 1.8% | 3.9% | ||
| Q2 24 | -22.4% | 8.3% | ||
| Q1 24 | -13.8% | -7.1% |
| Q4 25 | — | $-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 | $90.9M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $341.7M | $405.9M |
| Total Assets | $461.5M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $90.9M | — | ||
| Q3 25 | $93.3M | — | ||
| Q2 25 | $75.5M | — | ||
| Q1 25 | $95.3M | — | ||
| Q4 24 | $98.7M | — | ||
| Q3 24 | $162.3M | — | ||
| Q2 24 | $177.9M | — | ||
| Q1 24 | $168.8M | — |
| 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 | $341.7M | $405.9M | ||
| Q3 25 | $378.6M | $408.4M | ||
| Q2 25 | $377.6M | $398.4M | ||
| Q1 25 | $379.6M | $381.1M | ||
| Q4 24 | $395.7M | $387.2M | ||
| Q3 24 | $385.5M | $416.6M | ||
| Q2 24 | $389.1M | $408.1M | ||
| Q1 24 | $392.6M | $391.8M |
| Q4 25 | $461.5M | $823.2M | ||
| Q3 25 | $494.9M | $844.4M | ||
| Q2 25 | $493.3M | $822.1M | ||
| Q1 25 | $482.6M | $824.6M | ||
| Q4 24 | $499.5M | $794.2M | ||
| Q3 24 | $491.2M | $853.4M | ||
| Q2 24 | $483.7M | $830.0M | ||
| Q1 24 | $492.1M | $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 | $-771.0K | $23.3M |
| Free Cash FlowOCF − Capex | $-1.8M | $14.1M |
| FCF MarginFCF / Revenue | -2.9% | 14.1% |
| Capex IntensityCapex / Revenue | 1.6% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-771.0K | $23.3M | ||
| Q3 25 | $-3.9M | $51.0M | ||
| Q2 25 | $108.0K | $36.0M | ||
| Q1 25 | $-125.0K | $-46.9M | ||
| Q4 24 | $2.0M | $6.2M | ||
| Q3 24 | $13.2M | $37.2M | ||
| Q2 24 | $6.2M | $52.4M | ||
| Q1 24 | $4.0M | $-34.5M |
| Q4 25 | $-1.8M | $14.1M | ||
| Q3 25 | $-4.6M | $45.2M | ||
| Q2 25 | $-1.5M | $29.1M | ||
| Q1 25 | $-974.0K | $-50.3M | ||
| Q4 24 | $1.1M | $-98.0K | ||
| Q3 24 | $12.2M | $33.2M | ||
| Q2 24 | $5.2M | $47.9M | ||
| Q1 24 | $3.4M | $-39.9M |
| Q4 25 | -2.9% | 14.1% | ||
| Q3 25 | -8.7% | 27.9% | ||
| Q2 25 | -3.2% | 16.8% | ||
| Q1 25 | -2.3% | -45.2% | ||
| Q4 24 | 1.9% | -0.1% | ||
| Q3 24 | 23.7% | 22.1% | ||
| Q2 24 | 11.0% | 29.9% | ||
| Q1 24 | 7.6% | -36.0% |
| Q4 25 | 1.6% | 9.2% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 3.5% | 4.0% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 1.6% | 7.2% | ||
| Q3 24 | 2.0% | 2.7% | ||
| Q2 24 | 2.3% | 2.8% | ||
| Q1 24 | 1.3% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 14.05× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTKB
| Products | $46.6M | 75% |
| Services | $15.5M | 25% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
