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Side-by-side financial comparison of FINANCIAL INSTITUTIONS INC (FISI) 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 $62.7M, roughly 1.6× FINANCIAL INSTITUTIONS INC). FINANCIAL INSTITUTIONS INC runs the higher net margin — 33.5% vs -7.0%, a 40.5% gap on every dollar of revenue. Over the past eight quarters, FINANCIAL INSTITUTIONS INC's revenue compounded faster (-2.0% CAGR vs -4.9%).

The Mizuho Financial Group, Inc. , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000–2002 by merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan. The name mizuho (瑞穂) literally means "abundant rice" in Japanese and "harvest" in the figurative sense.

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.

FISI vs SWIM — Head-to-Head

Bigger by revenue
SWIM
SWIM
1.6× larger
SWIM
$100.0M
$62.7M
FISI
Higher net margin
FISI
FISI
40.5% more per $
FISI
33.5%
-7.0%
SWIM
Faster 2-yr revenue CAGR
FISI
FISI
Annualised
FISI
-2.0%
-4.9%
SWIM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FISI
FISI
SWIM
SWIM
Revenue
$62.7M
$100.0M
Net Profit
$21.0M
$-7.0M
Gross Margin
28.0%
Operating Margin
-10.7%
Net Margin
33.5%
-7.0%
Revenue YoY
14.5%
Net Profit YoY
24.3%
76.0%
EPS (diluted)
$1.04
$-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.

Revenue
FISI
FISI
SWIM
SWIM
Q1 26
$62.7M
Q4 25
$64.1M
$100.0M
Q3 25
$63.8M
$161.9M
Q2 25
$59.7M
$172.6M
Q1 25
$57.2M
$111.4M
Q4 24
$41.6M
$87.3M
Q3 24
$50.1M
$150.5M
Q2 24
$65.2M
$160.1M
Net Profit
FISI
FISI
SWIM
SWIM
Q1 26
$21.0M
Q4 25
$20.0M
$-7.0M
Q3 25
$20.5M
$8.1M
Q2 25
$17.5M
$16.0M
Q1 25
$16.9M
$-6.0M
Q4 24
$-82.8M
$-29.2M
Q3 24
$13.5M
$5.9M
Q2 24
$25.6M
$13.3M
Gross Margin
FISI
FISI
SWIM
SWIM
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%
Operating Margin
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
37.4%
-10.7%
Q3 25
39.5%
13.3%
Q2 25
36.0%
14.3%
Q1 25
36.0%
-4.4%
Q4 24
-276.9%
-14.9%
Q3 24
29.0%
8.9%
Q2 24
46.2%
12.5%
Net Margin
FISI
FISI
SWIM
SWIM
Q1 26
33.5%
Q4 25
38.3%
-7.0%
Q3 25
32.1%
5.0%
Q2 25
29.3%
9.3%
Q1 25
29.5%
-5.4%
Q4 24
-198.9%
-33.4%
Q3 24
26.9%
3.9%
Q2 24
39.3%
8.3%
EPS (diluted)
FISI
FISI
SWIM
SWIM
Q1 26
$1.04
Q4 25
$0.96
$-0.06
Q3 25
$0.99
$0.07
Q2 25
$0.85
$0.13
Q1 25
$0.81
$-0.05
Q4 24
$-5.32
$-0.24
Q3 24
$0.84
$0.05
Q2 24
$1.62
$0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FISI
FISI
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$85.5M
Total DebtLower is stronger
$114.0M
$279.8M
Stockholders' EquityBook value
$405.9M
Total Assets
$6.3B
$823.2M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FISI
FISI
SWIM
SWIM
Q1 26
$85.5M
Q4 25
$108.8M
Q3 25
$185.9M
Q2 25
$93.0M
Q1 25
$167.4M
Q4 24
$87.3M
Q3 24
Q2 24
Total Debt
FISI
FISI
SWIM
SWIM
Q1 26
$114.0M
Q4 25
$193.7M
$279.8M
Q3 25
$115.0M
$281.1M
Q2 25
$115.0M
$281.5M
Q1 25
$124.9M
$306.9M
Q4 24
$124.8M
$281.5M
Q3 24
$124.8M
$282.8M
Q2 24
$124.7M
$282.4M
Stockholders' Equity
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
$628.9M
$405.9M
Q3 25
$621.7M
$408.4M
Q2 25
$601.7M
$398.4M
Q1 25
$589.9M
$381.1M
Q4 24
$569.0M
$387.2M
Q3 24
$500.3M
$416.6M
Q2 24
$467.7M
$408.1M
Total Assets
FISI
FISI
SWIM
SWIM
Q1 26
$6.3B
Q4 25
$6.3B
$823.2M
Q3 25
$6.3B
$844.4M
Q2 25
$6.1B
$822.1M
Q1 25
$6.3B
$824.6M
Q4 24
$6.1B
$794.2M
Q3 24
$6.2B
$853.4M
Q2 24
$6.1B
$830.0M
Debt / Equity
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
0.31×
0.69×
Q3 25
0.18×
0.69×
Q2 25
0.19×
0.71×
Q1 25
0.21×
0.81×
Q4 24
0.22×
0.73×
Q3 24
0.25×
0.68×
Q2 24
0.27×
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
FISI
FISI
SWIM
SWIM
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.

Operating Cash Flow
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
$18.8M
$23.3M
Q3 25
$-6.9M
$51.0M
Q2 25
$-5.7M
$36.0M
Q1 25
$10.0M
$-46.9M
Q4 24
$77.1M
$6.2M
Q3 24
$2.1M
$37.2M
Q2 24
$35.7M
$52.4M
Free Cash Flow
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
$13.3M
$14.1M
Q3 25
$-7.9M
$45.2M
Q2 25
$-7.3M
$29.1M
Q1 25
$9.2M
$-50.3M
Q4 24
$72.2M
$-98.0K
Q3 24
$-299.0K
$33.2M
Q2 24
$34.7M
$47.9M
FCF Margin
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
20.7%
14.1%
Q3 25
-12.4%
27.9%
Q2 25
-12.3%
16.8%
Q1 25
16.1%
-45.2%
Q4 24
173.3%
-0.1%
Q3 24
-0.6%
22.1%
Q2 24
53.3%
29.9%
Capex Intensity
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
8.7%
9.2%
Q3 25
1.6%
3.6%
Q2 25
2.7%
4.0%
Q1 25
1.4%
3.1%
Q4 24
11.9%
7.2%
Q3 24
4.9%
2.7%
Q2 24
1.5%
2.8%
Cash Conversion
FISI
FISI
SWIM
SWIM
Q1 26
Q4 25
0.94×
Q3 25
-0.34×
6.29×
Q2 25
-0.33×
2.25×
Q1 25
0.59×
Q4 24
Q3 24
0.16×
6.32×
Q2 24
1.39×
3.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FISI
FISI

Net Interest Income$52.0M83%
Noninterest Income$10.7M17%

SWIM
SWIM

In Ground Swimming Pools$50.2M50%
Covers$37.0M37%
Liners$12.7M13%

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