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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $100.0M, roughly 1.5× Latham Group, Inc.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -5.2%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $8.7M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -10.8%).
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
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.
CVGI vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $154.8M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 9.7% | 28.0% |
| Operating Margin | -1.2% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | -5.2% | 14.5% |
| Net Profit YoY | — | 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 | $154.8M | $100.0M | ||
| Q3 25 | $152.5M | $161.9M | ||
| Q2 25 | $172.0M | $172.6M | ||
| Q1 25 | $169.8M | $111.4M | ||
| Q4 24 | $163.3M | $87.3M | ||
| Q3 24 | $171.8M | $150.5M | ||
| Q2 24 | $193.7M | $160.1M | ||
| Q1 24 | $194.6M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-7.1M | $8.1M | ||
| Q2 25 | $-4.8M | $16.0M | ||
| Q1 25 | $-4.3M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $9.5M | $5.9M | ||
| Q2 24 | $-1.6M | $13.3M | ||
| Q1 24 | $2.9M | $-7.9M |
| Q4 25 | 9.7% | 28.0% | ||
| Q3 25 | 10.5% | 35.4% | ||
| Q2 25 | 11.4% | 37.1% | ||
| Q1 25 | 10.5% | 29.5% | ||
| Q4 24 | 8.0% | 24.6% | ||
| Q3 24 | 9.6% | 32.4% | ||
| Q2 24 | 10.6% | 33.1% | ||
| Q1 24 | 11.9% | 27.7% |
| Q4 25 | -1.2% | -10.7% | ||
| Q3 25 | -0.7% | 13.3% | ||
| Q2 25 | 0.5% | 14.3% | ||
| Q1 25 | 0.8% | -4.4% | ||
| Q4 24 | -3.2% | -14.9% | ||
| Q3 24 | -0.6% | 8.9% | ||
| Q2 24 | 0.5% | 12.5% | ||
| Q1 24 | 2.3% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -4.6% | 5.0% | ||
| Q2 25 | -2.8% | 9.3% | ||
| Q1 25 | -2.5% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 5.5% | 3.9% | ||
| Q2 24 | -0.8% | 8.3% | ||
| Q1 24 | 1.5% | -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 | $-0.05 | $0.11 | ||
| Q1 24 | $0.09 | $-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 | — | — |
| Total DebtLower is stronger | $104.9M | $279.8M |
| Stockholders' EquityBook value | $133.4M | $405.9M |
| Total Assets | $391.7M | $823.2M |
| Debt / EquityLower = less leverage | 0.79× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.9M | $279.8M | ||
| Q3 25 | $108.2M | $281.1M | ||
| Q2 25 | $118.2M | $281.5M | ||
| Q1 25 | $117.4M | $306.9M | ||
| Q4 24 | $135.5M | $281.5M | ||
| Q3 24 | $128.8M | $282.8M | ||
| Q2 24 | $142.0M | $282.4M | ||
| Q1 24 | $155.7M | $282.8M |
| Q4 25 | $133.4M | $405.9M | ||
| Q3 25 | $136.5M | $408.4M | ||
| Q2 25 | $142.6M | $398.4M | ||
| Q1 25 | $136.7M | $381.1M | ||
| Q4 24 | $135.6M | $387.2M | ||
| Q3 24 | $179.3M | $416.6M | ||
| Q2 24 | $169.6M | $408.1M | ||
| Q1 24 | $175.5M | $391.8M |
| Q4 25 | $391.7M | $823.2M | ||
| Q3 25 | $400.3M | $844.4M | ||
| Q2 25 | $429.8M | $822.1M | ||
| Q1 25 | $419.8M | $824.6M | ||
| Q4 24 | $424.6M | $794.2M | ||
| Q3 24 | $495.3M | $853.4M | ||
| Q2 24 | $503.2M | $830.0M | ||
| Q1 24 | $509.2M | $808.6M |
| Q4 25 | 0.79× | 0.69× | ||
| Q3 25 | 0.79× | 0.69× | ||
| Q2 25 | 0.83× | 0.71× | ||
| Q1 25 | 0.86× | 0.81× | ||
| Q4 24 | 1.00× | 0.73× | ||
| Q3 24 | 0.72× | 0.68× | ||
| Q2 24 | 0.84× | 0.69× | ||
| Q1 24 | 0.89× | 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 | $12.3M | $23.3M |
| Free Cash FlowOCF − Capex | $8.7M | $14.1M |
| FCF MarginFCF / Revenue | 5.6% | 14.1% |
| Capex IntensityCapex / Revenue | 2.3% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.0M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $23.3M | ||
| Q3 25 | $-1.7M | $51.0M | ||
| Q2 25 | $18.9M | $36.0M | ||
| Q1 25 | $15.2M | $-46.9M | ||
| Q4 24 | $-26.6M | $6.2M | ||
| Q3 24 | $-17.1M | $37.2M | ||
| Q2 24 | $12.6M | $52.4M | ||
| Q1 24 | $-2.4M | $-34.5M |
| Q4 25 | $8.7M | $14.1M | ||
| Q3 25 | $-3.5M | $45.2M | ||
| Q2 25 | $17.4M | $29.1M | ||
| Q1 25 | $11.4M | $-50.3M | ||
| Q4 24 | $-30.6M | $-98.0K | ||
| Q3 24 | $-20.3M | $33.2M | ||
| Q2 24 | $6.4M | $47.9M | ||
| Q1 24 | $-7.4M | $-39.9M |
| Q4 25 | 5.6% | 14.1% | ||
| Q3 25 | -2.3% | 27.9% | ||
| Q2 25 | 10.1% | 16.8% | ||
| Q1 25 | 6.7% | -45.2% | ||
| Q4 24 | -18.7% | -0.1% | ||
| Q3 24 | -11.8% | 22.1% | ||
| Q2 24 | 3.3% | 29.9% | ||
| Q1 24 | -3.8% | -36.0% |
| Q4 25 | 2.3% | 9.2% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 0.9% | 4.0% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 2.4% | 7.2% | ||
| Q3 24 | 1.9% | 2.7% | ||
| Q2 24 | 3.2% | 2.8% | ||
| Q1 24 | 2.6% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | -0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
