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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $100.0M, roughly 1.3× Latham Group, Inc.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -7.0%, a 35.1% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 13.0%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -4.9%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $100.0M |
| Net Profit | $37.5M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 28.1% | -7.0% |
| Revenue YoY | 13.0% | 14.5% |
| Net Profit YoY | -16.3% | 76.0% |
| EPS (diluted) | $0.37 | $-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 | $133.7M | — | ||
| Q4 25 | $137.9M | $100.0M | ||
| Q3 25 | $136.0M | $161.9M | ||
| Q2 25 | $131.0M | $172.6M | ||
| Q1 25 | $118.0M | $111.4M | ||
| Q4 24 | $120.4M | $87.3M | ||
| Q3 24 | $121.2M | $150.5M | ||
| Q2 24 | $120.2M | $160.1M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-7.0M | ||
| Q3 25 | $41.3M | $8.1M | ||
| Q2 25 | $33.4M | $16.0M | ||
| Q1 25 | $32.7M | $-6.0M | ||
| Q4 24 | $35.8M | $-29.2M | ||
| Q3 24 | $32.1M | $5.9M | ||
| Q2 24 | $37.1M | $13.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.9% | -10.7% | ||
| Q3 25 | 38.1% | 13.3% | ||
| Q2 25 | 32.1% | 14.3% | ||
| Q1 25 | 34.8% | -4.4% | ||
| Q4 24 | 37.1% | -14.9% | ||
| Q3 24 | 33.4% | 8.9% | ||
| Q2 24 | 38.7% | 12.5% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -7.0% | ||
| Q3 25 | 30.4% | 5.0% | ||
| Q2 25 | 25.5% | 9.3% | ||
| Q1 25 | 27.7% | -5.4% | ||
| Q4 24 | 29.8% | -33.4% | ||
| Q3 24 | 26.5% | 3.9% | ||
| Q2 24 | 30.9% | 8.3% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-0.06 | ||
| Q3 25 | $0.39 | $0.07 | ||
| Q2 25 | $0.32 | $0.13 | ||
| Q1 25 | $0.32 | $-0.05 | ||
| Q4 24 | $0.35 | $-0.24 | ||
| Q3 24 | $0.31 | $0.05 | ||
| Q2 24 | $0.36 | $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 | — | — |
| Total DebtLower is stronger | $154.9M | $279.8M |
| Stockholders' EquityBook value | $1.6B | $405.9M |
| Total Assets | $12.3B | $823.2M |
| Debt / EquityLower = less leverage | 0.10× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $279.8M | ||
| Q3 25 | $262.1M | $281.1M | ||
| Q2 25 | $262.4M | $281.5M | ||
| Q1 25 | $262.7M | $306.9M | ||
| Q4 24 | $263.0M | $281.5M | ||
| Q3 24 | $136.3M | $282.8M | ||
| Q2 24 | $136.6M | $282.4M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $405.9M | ||
| Q3 25 | $1.5B | $408.4M | ||
| Q2 25 | $1.5B | $398.4M | ||
| Q1 25 | $1.4B | $381.1M | ||
| Q4 24 | $1.4B | $387.2M | ||
| Q3 24 | $1.4B | $416.6M | ||
| Q2 24 | $1.4B | $408.1M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $823.2M | ||
| Q3 25 | $12.3B | $844.4M | ||
| Q2 25 | $12.2B | $822.1M | ||
| Q1 25 | $11.8B | $824.6M | ||
| Q4 24 | $11.6B | $794.2M | ||
| Q3 24 | $12.0B | $853.4M | ||
| Q2 24 | $11.6B | $830.0M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | 0.69× | ||
| Q3 25 | 0.17× | 0.69× | ||
| Q2 25 | 0.17× | 0.71× | ||
| Q1 25 | 0.18× | 0.81× | ||
| Q4 24 | 0.19× | 0.73× | ||
| Q3 24 | 0.10× | 0.68× | ||
| Q2 24 | 0.10× | 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 | — | 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 | $187.5M | $23.3M | ||
| Q3 25 | $49.5M | $51.0M | ||
| Q2 25 | $30.4M | $36.0M | ||
| Q1 25 | $55.9M | $-46.9M | ||
| Q4 24 | $129.5M | $6.2M | ||
| Q3 24 | $53.6M | $37.2M | ||
| Q2 24 | $22.7M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | $113.9M | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | 94.6% | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 12.9% | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | 6.29× | ||
| Q2 25 | 0.91× | 2.25× | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 1.67× | 6.32× | ||
| Q2 24 | 0.61× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
