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Side-by-side financial comparison of DENNY'S Corp (DENN) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
DENNY'S Corp is the larger business by last-quarter revenue ($113.2M vs $100.0M, roughly 1.1× Latham Group, Inc.). DENNY'S Corp runs the higher net margin — 0.6% vs -7.0%, a 7.6% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 1.3%). DENNY'S Corp produced more free cash flow last quarter ($16.0M vs $14.1M). Over the past eight quarters, DENNY'S Corp's revenue compounded faster (-0.9% CAGR vs -4.9%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
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.
DENN vs SWIM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $100.0M |
| Net Profit | $632.0K | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 9.2% | -10.7% |
| Net Margin | 0.6% | -7.0% |
| Revenue YoY | 1.3% | 14.5% |
| Net Profit YoY | -90.3% | 76.0% |
| EPS (diluted) | $0.01 | $-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 | — | $100.0M | ||
| Q3 25 | $113.2M | $161.9M | ||
| Q2 25 | $117.7M | $172.6M | ||
| Q1 25 | $111.6M | $111.4M | ||
| Q4 24 | $114.7M | $87.3M | ||
| Q3 24 | $111.8M | $150.5M | ||
| Q2 24 | $115.9M | $160.1M | ||
| Q1 24 | $110.0M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $632.0K | $8.1M | ||
| Q2 25 | $2.5M | $16.0M | ||
| Q1 25 | $326.0K | $-6.0M | ||
| Q4 24 | $6.8M | $-29.2M | ||
| Q3 24 | $6.5M | $5.9M | ||
| Q2 24 | $3.6M | $13.3M | ||
| Q1 24 | $4.7M | $-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 | 9.2% | 13.3% | ||
| Q2 25 | 7.3% | 14.3% | ||
| Q1 25 | 4.7% | -4.4% | ||
| Q4 24 | 12.6% | -14.9% | ||
| Q3 24 | 10.5% | 8.9% | ||
| Q2 24 | 7.9% | 12.5% | ||
| Q1 24 | 9.1% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 0.6% | 5.0% | ||
| Q2 25 | 2.1% | 9.3% | ||
| Q1 25 | 0.3% | -5.4% | ||
| Q4 24 | 5.9% | -33.4% | ||
| Q3 24 | 5.8% | 3.9% | ||
| Q2 24 | 3.1% | 8.3% | ||
| Q1 24 | 4.3% | -7.1% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $0.01 | $0.07 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $0.01 | $-0.05 | ||
| Q4 24 | $0.13 | $-0.24 | ||
| Q3 24 | $0.12 | $0.05 | ||
| Q2 24 | $0.07 | $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 | — | $279.8M |
| Stockholders' EquityBook value | $-32.7M | $405.9M |
| Total Assets | $502.9M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $100.0K | — | ||
| Q3 24 | $2.9M | — | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $270.6M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | — | $405.9M | ||
| Q3 25 | $-32.7M | $408.4M | ||
| Q2 25 | $-34.6M | $398.4M | ||
| Q1 25 | $-36.4M | $381.1M | ||
| Q4 24 | $-34.0M | $387.2M | ||
| Q3 24 | $-54.5M | $416.6M | ||
| Q2 24 | $-53.2M | $408.1M | ||
| Q1 24 | $-55.7M | $391.8M |
| Q4 25 | — | $823.2M | ||
| Q3 25 | $502.9M | $844.4M | ||
| Q2 25 | $491.1M | $822.1M | ||
| Q1 25 | $488.1M | $824.6M | ||
| Q4 24 | $496.3M | $794.2M | ||
| Q3 24 | $461.6M | $853.4M | ||
| Q2 24 | $459.9M | $830.0M | ||
| Q1 24 | $460.4M | $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 | $16.0M | $23.3M |
| Free Cash FlowOCF − Capex | $16.0M | $14.1M |
| FCF MarginFCF / Revenue | 14.1% | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | 25.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.3M | ||
| Q3 25 | $16.0M | $51.0M | ||
| Q2 25 | $9.4M | $36.0M | ||
| Q1 25 | $5.0M | $-46.9M | ||
| Q4 24 | $8.5M | $6.2M | ||
| Q3 24 | $6.6M | $37.2M | ||
| Q2 24 | $14.2M | $52.4M | ||
| Q1 24 | $215.0K | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | $16.0M | $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 | 14.1% | 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 | 0.0% | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 25.28× | 6.29× | ||
| Q2 25 | 3.79× | 2.25× | ||
| Q1 25 | 15.38× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.01× | 6.32× | ||
| Q2 24 | 3.97× | 3.95× | ||
| Q1 24 | 0.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
