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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
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 | 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 | — | — |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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 | $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 |
| 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 |
| 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% |
| 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% |
| 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
| Net Interest Income | $52.0M | 83% |
| Noninterest Income | $10.7M | 17% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |