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Side-by-side financial comparison of FB Financial Corp (FBK) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
FB Financial Corp is the larger business by last-quarter revenue ($178.6M vs $100.0M, roughly 1.8× Latham Group, Inc.). FB Financial Corp runs the higher net margin — 31.9% vs -7.0%, a 38.9% gap on every dollar of revenue. On growth, FB Financial Corp posted the faster year-over-year revenue change (37.0% vs 14.5%). FB Financial Corp produced more free cash flow last quarter ($147.0M vs $14.1M). Over the past eight quarters, FB Financial Corp's revenue compounded faster (28.9% CAGR vs -4.9%).
Fubon Financial Holding Co., Ltd. is a financial investment holding company consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, Fubon Bank, Fubon Life, Fubon Bank (China) and Fubon Bank Limited. The holding company was setup on 19 December 2001.
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.
FBK vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.6M | $100.0M |
| Net Profit | $57.0M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 39.1% | -10.7% |
| Net Margin | 31.9% | -7.0% |
| Revenue YoY | 37.0% | 14.5% |
| Net Profit YoY | 50.4% | 76.0% |
| EPS (diluted) | $1.12 | $-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 | $178.6M | $100.0M | ||
| Q3 25 | $173.9M | $161.9M | ||
| Q2 25 | $76.9M | $172.6M | ||
| Q1 25 | $130.7M | $111.4M | ||
| Q4 24 | $130.4M | $87.3M | ||
| Q3 24 | $89.5M | $150.5M | ||
| Q2 24 | $128.2M | $160.1M | ||
| Q1 24 | $107.5M | $110.6M |
| Q4 25 | $57.0M | $-7.0M | ||
| Q3 25 | $23.4M | $8.1M | ||
| Q2 25 | $2.9M | $16.0M | ||
| Q1 25 | $39.4M | $-6.0M | ||
| Q4 24 | $37.9M | $-29.2M | ||
| Q3 24 | $10.2M | $5.9M | ||
| Q2 24 | $40.0M | $13.3M | ||
| Q1 24 | $27.9M | $-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 | 39.1% | -10.7% | ||
| Q3 25 | 17.0% | 13.3% | ||
| Q2 25 | -12.7% | 14.3% | ||
| Q1 25 | 37.4% | -4.4% | ||
| Q4 24 | 38.4% | -14.9% | ||
| Q3 24 | 12.7% | 8.9% | ||
| Q2 24 | 39.7% | 12.5% | ||
| Q1 24 | 31.9% | -1.9% |
| Q4 25 | 31.9% | -7.0% | ||
| Q3 25 | 13.4% | 5.0% | ||
| Q2 25 | 3.8% | 9.3% | ||
| Q1 25 | 30.1% | -5.4% | ||
| Q4 24 | 29.1% | -33.4% | ||
| Q3 24 | 11.4% | 3.9% | ||
| Q2 24 | 31.2% | 8.3% | ||
| Q1 24 | 26.0% | -7.1% |
| Q4 25 | $1.12 | $-0.06 | ||
| Q3 25 | $0.43 | $0.07 | ||
| Q2 25 | $0.06 | $0.13 | ||
| Q1 25 | $0.84 | $-0.05 | ||
| Q4 24 | $0.82 | $-0.24 | ||
| Q3 24 | $0.22 | $0.05 | ||
| Q2 24 | $0.85 | $0.11 | ||
| Q1 24 | $0.59 | $-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 | $1.2B | — |
| Total DebtLower is stronger | $212.8M | $279.8M |
| Stockholders' EquityBook value | $1.9B | $405.9M |
| Total Assets | $16.3B | $823.2M |
| Debt / EquityLower = less leverage | 0.11× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $794.7M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $951.8M | — | ||
| Q2 24 | $800.9M | — | ||
| Q1 24 | $870.7M | — |
| Q4 25 | $212.8M | $279.8M | ||
| Q3 25 | $213.6M | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $176.8M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $1.9B | $405.9M | ||
| Q3 25 | $2.0B | $408.4M | ||
| Q2 25 | $1.6B | $398.4M | ||
| Q1 25 | $1.6B | $381.1M | ||
| Q4 24 | $1.6B | $387.2M | ||
| Q3 24 | $1.6B | $416.6M | ||
| Q2 24 | $1.5B | $408.1M | ||
| Q1 24 | $1.5B | $391.8M |
| Q4 25 | $16.3B | $823.2M | ||
| Q3 25 | $16.2B | $844.4M | ||
| Q2 25 | $13.4B | $822.1M | ||
| Q1 25 | $13.1B | $824.6M | ||
| Q4 24 | $13.2B | $794.2M | ||
| Q3 24 | $12.9B | $853.4M | ||
| Q2 24 | $12.5B | $830.0M | ||
| Q1 24 | $12.5B | $808.6M |
| Q4 25 | 0.11× | 0.69× | ||
| Q3 25 | 0.11× | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.11× | 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 | $155.9M | $23.3M |
| Free Cash FlowOCF − Capex | $147.0M | $14.1M |
| FCF MarginFCF / Revenue | 82.3% | 14.1% |
| Capex IntensityCapex / Revenue | 5.0% | 9.2% |
| Cash ConversionOCF / Net Profit | 2.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $242.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.9M | $23.3M | ||
| Q3 25 | $47.7M | $51.0M | ||
| Q2 25 | $71.8M | $36.0M | ||
| Q1 25 | $-16.5M | $-46.9M | ||
| Q4 24 | $138.8M | $6.2M | ||
| Q3 24 | $57.8M | $37.2M | ||
| Q2 24 | $30.6M | $52.4M | ||
| Q1 24 | $36.3M | $-34.5M |
| Q4 25 | $147.0M | $14.1M | ||
| Q3 25 | $45.6M | $45.2M | ||
| Q2 25 | $68.4M | $29.1M | ||
| Q1 25 | $-18.1M | $-50.3M | ||
| Q4 24 | $132.3M | $-98.0K | ||
| Q3 24 | $56.7M | $33.2M | ||
| Q2 24 | $28.4M | $47.9M | ||
| Q1 24 | $34.6M | $-39.9M |
| Q4 25 | 82.3% | 14.1% | ||
| Q3 25 | 26.2% | 27.9% | ||
| Q2 25 | 89.0% | 16.8% | ||
| Q1 25 | -13.9% | -45.2% | ||
| Q4 24 | 101.4% | -0.1% | ||
| Q3 24 | 63.3% | 22.1% | ||
| Q2 24 | 22.1% | 29.9% | ||
| Q1 24 | 32.2% | -36.0% |
| Q4 25 | 5.0% | 9.2% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 4.4% | 4.0% | ||
| Q1 25 | 1.3% | 3.1% | ||
| Q4 24 | 5.0% | 7.2% | ||
| Q3 24 | 1.2% | 2.7% | ||
| Q2 24 | 1.7% | 2.8% | ||
| Q1 24 | 1.5% | 4.8% |
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.04× | 6.29× | ||
| Q2 25 | 24.68× | 2.25× | ||
| Q1 25 | -0.42× | — | ||
| Q4 24 | 3.66× | — | ||
| Q3 24 | 5.65× | 6.32× | ||
| Q2 24 | 0.77× | 3.95× | ||
| Q1 24 | 1.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBK
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
