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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $100.0M, roughly 1.3× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -22.8%, a 15.7% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $11.7M). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% CAGR vs -4.9%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $100.0M |
| Net Profit | $-30.2M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -11.8% | -10.7% |
| Net Margin | -22.8% | -7.0% |
| Revenue YoY | 24.3% | 14.5% |
| Net Profit YoY | -692.2% | 76.0% |
| EPS (diluted) | $-0.15 | $-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 | $132.7M | $100.0M | ||
| Q3 25 | $77.5M | $161.9M | ||
| Q2 25 | $105.5M | $172.6M | ||
| Q1 25 | $147.7M | $111.4M | ||
| Q4 24 | $106.8M | $87.3M | ||
| Q3 24 | $72.6M | $150.5M | ||
| Q2 24 | $86.0M | $160.1M | ||
| Q1 24 | $133.4M | $110.6M |
| Q4 25 | $-30.2M | $-7.0M | ||
| Q3 25 | $-14.4M | $8.1M | ||
| Q2 25 | $-1.4M | $16.0M | ||
| Q1 25 | $15.3M | $-6.0M | ||
| Q4 24 | $5.1M | $-29.2M | ||
| Q3 24 | $-11.1M | $5.9M | ||
| Q2 24 | $-2.8M | $13.3M | ||
| Q1 24 | $11.0M | $-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 | -11.8% | -10.7% | ||
| Q3 25 | -10.1% | 13.3% | ||
| Q2 25 | 9.7% | 14.3% | ||
| Q1 25 | 24.2% | -4.4% | ||
| Q4 24 | 19.5% | -14.9% | ||
| Q3 24 | -6.5% | 8.9% | ||
| Q2 24 | 7.4% | 12.5% | ||
| Q1 24 | 18.2% | -1.9% |
| Q4 25 | -22.8% | -7.0% | ||
| Q3 25 | -18.6% | 5.0% | ||
| Q2 25 | -1.3% | 9.3% | ||
| Q1 25 | 10.4% | -5.4% | ||
| Q4 24 | 4.8% | -33.4% | ||
| Q3 24 | -15.3% | 3.9% | ||
| Q2 24 | -3.3% | 8.3% | ||
| Q1 24 | 8.2% | -7.1% |
| Q4 25 | $-0.15 | $-0.06 | ||
| Q3 25 | $-0.07 | $0.07 | ||
| Q2 25 | $-0.01 | $0.13 | ||
| Q1 25 | $0.08 | $-0.05 | ||
| Q4 24 | $0.01 | $-0.24 | ||
| Q3 24 | $-0.05 | $0.05 | ||
| Q2 24 | $-0.03 | $0.11 | ||
| Q1 24 | $0.00 | $-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 | $100.9M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $338.8M | $405.9M |
| Total Assets | $1.2B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | — | ||
| Q3 25 | $95.4M | — | ||
| Q2 25 | $156.4M | — | ||
| Q1 25 | $276.8M | — | ||
| Q4 24 | $194.8M | — | ||
| Q3 24 | $188.9M | — | ||
| Q2 24 | $193.2M | — | ||
| Q1 24 | $186.8M | — |
| 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 | $338.8M | $405.9M | ||
| Q3 25 | $369.5M | $408.4M | ||
| Q2 25 | $389.4M | $398.4M | ||
| Q1 25 | $392.1M | $381.1M | ||
| Q4 24 | $385.9M | $387.2M | ||
| Q3 24 | $391.1M | $416.6M | ||
| Q2 24 | $407.6M | $408.1M | ||
| Q1 24 | $-90.7M | $391.8M |
| Q4 25 | $1.2B | $823.2M | ||
| Q3 25 | $1.2B | $844.4M | ||
| Q2 25 | $1.2B | $822.1M | ||
| Q1 25 | $1.2B | $824.6M | ||
| Q4 24 | $1.0B | $794.2M | ||
| Q3 24 | $1.1B | $853.4M | ||
| Q2 24 | $1.1B | $830.0M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $23.3M |
| Free Cash FlowOCF − Capex | $11.7M | $14.1M |
| FCF MarginFCF / Revenue | 8.8% | 14.1% |
| Capex IntensityCapex / Revenue | 0.5% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $23.3M | ||
| Q3 25 | $1.8M | $51.0M | ||
| Q2 25 | $15.9M | $36.0M | ||
| Q1 25 | $12.6M | $-46.9M | ||
| Q4 24 | $20.6M | $6.2M | ||
| Q3 24 | $9.1M | $37.2M | ||
| Q2 24 | $9.8M | $52.4M | ||
| Q1 24 | $7.3M | $-34.5M |
| Q4 25 | $11.7M | $14.1M | ||
| Q3 25 | $1.5M | $45.2M | ||
| Q2 25 | $15.8M | $29.1M | ||
| Q1 25 | $12.4M | $-50.3M | ||
| Q4 24 | $19.9M | $-98.0K | ||
| Q3 24 | $9.0M | $33.2M | ||
| Q2 24 | $9.6M | $47.9M | ||
| Q1 24 | $7.0M | $-39.9M |
| Q4 25 | 8.8% | 14.1% | ||
| Q3 25 | 1.9% | 27.9% | ||
| Q2 25 | 15.0% | 16.8% | ||
| Q1 25 | 8.4% | -45.2% | ||
| Q4 24 | 18.6% | -0.1% | ||
| Q3 24 | 12.4% | 22.1% | ||
| Q2 24 | 11.2% | 29.9% | ||
| Q1 24 | 5.2% | -36.0% |
| Q4 25 | 0.5% | 9.2% | ||
| Q3 25 | 0.4% | 3.6% | ||
| Q2 25 | 0.1% | 4.0% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 0.7% | 7.2% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 0.2% | 2.8% | ||
| Q1 24 | 0.2% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
