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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $100.0M, roughly 1.3× Latham Group, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs -7.0%, a 89.5% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 14.5%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs -4.9%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
CTRE vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $100.0M |
| Net Profit | $111.3M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 82.5% | -7.0% |
| Revenue YoY | 55.1% | 14.5% |
| Net Profit YoY | 113.5% | 76.0% |
| EPS (diluted) | $0.52 | $-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 | $134.9M | $100.0M | ||
| Q3 25 | $132.4M | $161.9M | ||
| Q2 25 | $112.5M | $172.6M | ||
| Q1 25 | $96.6M | $111.4M | ||
| Q4 24 | $86.9M | $87.3M | ||
| Q3 24 | $77.4M | $150.5M | ||
| Q2 24 | $68.9M | $160.1M | ||
| Q1 24 | $63.1M | $110.6M |
| Q4 25 | $111.3M | $-7.0M | ||
| Q3 25 | $74.9M | $8.1M | ||
| Q2 25 | $68.5M | $16.0M | ||
| Q1 25 | $65.8M | $-6.0M | ||
| Q4 24 | $52.1M | $-29.2M | ||
| Q3 24 | $33.4M | $5.9M | ||
| Q2 24 | $10.8M | $13.3M | ||
| Q1 24 | $28.7M | $-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 | — | -10.7% | ||
| Q3 25 | 58.1% | 13.3% | ||
| Q2 25 | 61.3% | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | 43.0% | 8.9% | ||
| Q2 24 | 15.1% | 12.5% | ||
| Q1 24 | — | -1.9% |
| Q4 25 | 82.5% | -7.0% | ||
| Q3 25 | 56.6% | 5.0% | ||
| Q2 25 | 60.9% | 9.3% | ||
| Q1 25 | 68.1% | -5.4% | ||
| Q4 24 | 60.0% | -33.4% | ||
| Q3 24 | 43.2% | 3.9% | ||
| Q2 24 | 15.6% | 8.3% | ||
| Q1 24 | 45.6% | -7.1% |
| Q4 25 | $0.52 | $-0.06 | ||
| Q3 25 | $0.35 | $0.07 | ||
| Q2 25 | $0.35 | $0.13 | ||
| Q1 25 | $0.35 | $-0.05 | ||
| Q4 24 | $0.30 | $-0.24 | ||
| Q3 24 | $0.21 | $0.05 | ||
| Q2 24 | $0.07 | $0.11 | ||
| Q1 24 | $0.22 | $-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 | $198.0M | — |
| Total DebtLower is stronger | $894.2M | $279.8M |
| Stockholders' EquityBook value | $4.0B | $405.9M |
| Total Assets | $5.1B | $823.2M |
| Debt / EquityLower = less leverage | 0.22× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | — | ||
| Q3 25 | $712.5M | — | ||
| Q2 25 | $306.1M | — | ||
| Q1 25 | $26.5M | — | ||
| Q4 24 | $213.8M | — | ||
| Q3 24 | $377.1M | — | ||
| Q2 24 | $495.1M | — | ||
| Q1 24 | $451.2M | — |
| Q4 25 | $894.2M | $279.8M | ||
| Q3 25 | $893.8M | $281.1M | ||
| Q2 25 | $1.2B | $281.5M | ||
| Q1 25 | $822.1M | $306.9M | ||
| Q4 24 | $396.9M | $281.5M | ||
| Q3 24 | $396.7M | $282.8M | ||
| Q2 24 | $671.1M | $282.4M | ||
| Q1 24 | $595.9M | $282.8M |
| Q4 25 | $4.0B | $405.9M | ||
| Q3 25 | $4.0B | $408.4M | ||
| Q2 25 | $3.3B | $398.4M | ||
| Q1 25 | $2.9B | $381.1M | ||
| Q4 24 | $2.9B | $387.2M | ||
| Q3 24 | $2.4B | $416.6M | ||
| Q2 24 | $1.9B | $408.1M | ||
| Q1 24 | $1.7B | $391.8M |
| Q4 25 | $5.1B | $823.2M | ||
| Q3 25 | $5.1B | $844.4M | ||
| Q2 25 | $4.7B | $822.1M | ||
| Q1 25 | $3.9B | $824.6M | ||
| Q4 24 | $3.4B | $794.2M | ||
| Q3 24 | $2.9B | $853.4M | ||
| Q2 24 | $2.7B | $830.0M | ||
| Q1 24 | $2.3B | $808.6M |
| Q4 25 | 0.22× | 0.69× | ||
| Q3 25 | 0.22× | 0.69× | ||
| Q2 25 | 0.35× | 0.71× | ||
| Q1 25 | 0.28× | 0.81× | ||
| Q4 24 | 0.14× | 0.73× | ||
| Q3 24 | 0.16× | 0.68× | ||
| Q2 24 | 0.35× | 0.69× | ||
| Q1 24 | 0.36× | 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 | $394.0M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | $23.3M | ||
| Q3 25 | $100.9M | $51.0M | ||
| Q2 25 | $100.8M | $36.0M | ||
| Q1 25 | $71.4M | $-46.9M | ||
| Q4 24 | $244.3M | $6.2M | ||
| Q3 24 | $67.2M | $37.2M | ||
| Q2 24 | $53.0M | $52.4M | ||
| Q1 24 | $48.8M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | 3.54× | — | ||
| Q3 25 | 1.35× | 6.29× | ||
| Q2 25 | 1.47× | 2.25× | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 4.68× | — | ||
| Q3 24 | 2.01× | 6.32× | ||
| Q2 24 | 4.92× | 3.95× | ||
| Q1 24 | 1.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
