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Side-by-side financial comparison of Easterly Government Properties, Inc. (DEA) 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 $91.5M, roughly 1.1× Easterly Government Properties, Inc.). Easterly Government Properties, Inc. runs the higher net margin — 1.5% vs -7.0%, a 8.6% gap on every dollar of revenue. On growth, Easterly Government Properties, Inc. posted the faster year-over-year revenue change (16.4% vs 14.5%). Over the past eight quarters, Easterly Government Properties, Inc.'s revenue compounded faster (9.6% CAGR vs -4.9%).
Easterly Government Properties, Inc. is a U.S.-headquartered real estate investment trust focused on acquiring, developing, and managing mission-critical commercial properties primarily leased to U.S. federal government agencies. Its portfolio covers office spaces, healthcare facilities, and security-related properties, serving government clients across key domestic markets.
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.
DEA vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $91.5M | $100.0M |
| Net Profit | $1.4M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 1.5% | -7.0% |
| Revenue YoY | 16.4% | 14.5% |
| Net Profit YoY | -56.9% | 76.0% |
| EPS (diluted) | $0.36 | $-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.
| Q1 26 | $91.5M | — | ||
| Q4 25 | $87.0M | $100.0M | ||
| Q3 25 | $86.2M | $161.9M | ||
| Q2 25 | $84.2M | $172.6M | ||
| Q1 25 | $78.7M | $111.4M | ||
| Q4 24 | $78.3M | $87.3M | ||
| Q3 24 | $74.8M | $150.5M | ||
| Q2 24 | $76.2M | $160.1M |
| Q1 26 | $1.4M | — | ||
| Q4 25 | $4.6M | $-7.0M | ||
| Q3 25 | $1.2M | $8.1M | ||
| Q2 25 | $4.1M | $16.0M | ||
| Q1 25 | $3.1M | $-6.0M | ||
| Q4 24 | $5.5M | $-29.2M | ||
| Q3 24 | $4.9M | $5.9M | ||
| Q2 24 | $4.6M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | 77.3% | 28.0% | ||
| Q3 25 | 76.0% | 35.4% | ||
| Q2 25 | 77.2% | 37.1% | ||
| Q1 25 | 77.4% | 29.5% | ||
| Q4 24 | 76.1% | 24.6% | ||
| Q3 24 | 77.7% | 32.4% | ||
| Q2 24 | 76.2% | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | -10.7% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.3% | -7.0% | ||
| Q3 25 | 1.4% | 5.0% | ||
| Q2 25 | 4.8% | 9.3% | ||
| Q1 25 | 4.0% | -5.4% | ||
| Q4 24 | 7.0% | -33.4% | ||
| Q3 24 | 6.5% | 3.9% | ||
| Q2 24 | 6.0% | 8.3% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.09 | $-0.06 | ||
| Q3 25 | $0.02 | $0.07 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.07 | $-0.05 | ||
| Q4 24 | $0.13 | $-0.24 | ||
| Q3 24 | $0.11 | $0.05 | ||
| Q2 24 | $0.11 | $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 | $2.0M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.3B | $405.9M |
| Total Assets | $3.4B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.0M | — | ||
| Q4 25 | $23.4M | — | ||
| Q3 25 | $4.4M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $8.5M | — | ||
| Q4 24 | $19.4M | — | ||
| Q3 24 | $31.2M | — | ||
| Q2 24 | $14.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $279.8M | ||
| Q3 25 | $1.6B | $281.1M | ||
| Q2 25 | $1.7B | $281.5M | ||
| Q1 25 | $1.6B | $306.9M | ||
| Q4 24 | $1.6B | $281.5M | ||
| Q3 24 | $1.5B | $282.8M | ||
| Q2 24 | $1.4B | $282.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $405.9M | ||
| Q3 25 | $1.3B | $408.4M | ||
| Q2 25 | $1.3B | $398.4M | ||
| Q1 25 | $1.3B | $381.1M | ||
| Q4 24 | $1.3B | $387.2M | ||
| Q3 24 | $1.3B | $416.6M | ||
| Q2 24 | $1.3B | $408.1M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $823.2M | ||
| Q3 25 | $3.4B | $844.4M | ||
| Q2 25 | $3.4B | $822.1M | ||
| Q1 25 | $3.2B | $824.6M | ||
| Q4 24 | $3.2B | $794.2M | ||
| Q3 24 | $3.1B | $853.4M | ||
| Q2 24 | $3.0B | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | 0.69× | ||
| Q3 25 | 1.23× | 0.69× | ||
| Q2 25 | 1.29× | 0.71× | ||
| Q1 25 | 1.20× | 0.81× | ||
| Q4 24 | 1.21× | 0.73× | ||
| Q3 24 | 1.12× | 0.68× | ||
| Q2 24 | 1.07× | 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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | 0.7% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $259.2M | $23.3M | ||
| Q3 25 | $155.0M | $51.0M | ||
| Q2 25 | $38.1M | $36.0M | ||
| Q1 25 | $24.2M | $-46.9M | ||
| Q4 24 | $162.6M | $6.2M | ||
| Q3 24 | $57.2M | $37.2M | ||
| Q2 24 | $57.0M | $52.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | 0.7% | — | ||
| 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 26 | — | — | ||
| Q4 25 | 56.44× | — | ||
| Q3 25 | 127.75× | 6.29× | ||
| Q2 25 | 9.36× | 2.25× | ||
| Q1 25 | 7.73× | — | ||
| Q4 24 | 29.82× | — | ||
| Q3 24 | 11.76× | 6.32× | ||
| Q2 24 | 12.37× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEA
| Rental income | $88.6M | 97% |
| Other | $2.3M | 3% |
| Asset management income | $646.0K | 1% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
