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Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.6× Fluent, Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -7.0%, a 0.4% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -5.5%). Over the past eight quarters, Fluent, Inc.'s revenue compounded faster (-3.2% CAGR vs -4.9%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $100.0M |
| Net Profit | $-4.1M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 0.3% | -10.7% |
| Net Margin | -6.7% | -7.0% |
| Revenue YoY | -5.5% | 14.5% |
| Net Profit YoY | -20.1% | 76.0% |
| EPS (diluted) | $-0.09 | $-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 | $61.8M | $100.0M | ||
| Q3 25 | $47.0M | $161.9M | ||
| Q2 25 | $44.7M | $172.6M | ||
| Q1 25 | $55.2M | $111.4M | ||
| Q4 24 | $65.4M | $87.3M | ||
| Q3 24 | $64.5M | $150.5M | ||
| Q2 24 | $58.7M | $160.1M | ||
| Q1 24 | $66.0M | $110.6M |
| Q4 25 | $-4.1M | $-7.0M | ||
| Q3 25 | $-7.6M | $8.1M | ||
| Q2 25 | $-7.2M | $16.0M | ||
| Q1 25 | $-8.3M | $-6.0M | ||
| Q4 24 | $-3.4M | $-29.2M | ||
| Q3 24 | $-7.9M | $5.9M | ||
| Q2 24 | $-11.6M | $13.3M | ||
| Q1 24 | $-6.3M | $-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 | 0.3% | -10.7% | ||
| Q3 25 | -13.4% | 13.3% | ||
| Q2 25 | -15.9% | 14.3% | ||
| Q1 25 | -12.8% | -4.4% | ||
| Q4 24 | -8.3% | -14.9% | ||
| Q3 24 | -6.0% | 8.9% | ||
| Q2 24 | -17.7% | 12.5% | ||
| Q1 24 | -6.0% | -1.9% |
| Q4 25 | -6.7% | -7.0% | ||
| Q3 25 | -16.1% | 5.0% | ||
| Q2 25 | -16.2% | 9.3% | ||
| Q1 25 | -15.0% | -5.4% | ||
| Q4 24 | -5.2% | -33.4% | ||
| Q3 24 | -12.3% | 3.9% | ||
| Q2 24 | -19.8% | 8.3% | ||
| Q1 24 | -9.5% | -7.1% |
| Q4 25 | $-0.09 | $-0.06 | ||
| Q3 25 | $-0.27 | $0.07 | ||
| Q2 25 | $-0.30 | $0.13 | ||
| Q1 25 | $-0.39 | $-0.05 | ||
| Q4 24 | $-0.12 | $-0.24 | ||
| Q3 24 | $-0.48 | $0.05 | ||
| Q2 24 | $-0.75 | $0.11 | ||
| Q1 24 | $-0.45 | $-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 | $12.9M | — |
| Total DebtLower is stronger | $34.6M | $279.8M |
| Stockholders' EquityBook value | $18.2M | $405.9M |
| Total Assets | $89.1M | $823.2M |
| Debt / EquityLower = less leverage | 1.90× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | — | ||
| Q3 25 | $9.2M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.8M | — | ||
| Q4 24 | $9.4M | — | ||
| Q3 24 | $6.6M | — | ||
| Q2 24 | $5.0M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | $34.6M | $279.8M | ||
| Q3 25 | $26.0M | $281.1M | ||
| Q2 25 | $23.2M | $281.5M | ||
| Q1 25 | $25.6M | $306.9M | ||
| Q4 24 | $35.6M | $281.5M | ||
| Q3 24 | $37.9M | $282.8M | ||
| Q2 24 | $33.3M | $282.4M | ||
| Q1 24 | $31.0M | $282.8M |
| Q4 25 | $18.2M | $405.9M | ||
| Q3 25 | $21.6M | $408.4M | ||
| Q2 25 | $19.1M | $398.4M | ||
| Q1 25 | $22.0M | $381.1M | ||
| Q4 24 | $25.0M | $387.2M | ||
| Q3 24 | $20.0M | $416.6M | ||
| Q2 24 | $27.5M | $408.1M | ||
| Q1 24 | $28.7M | $391.8M |
| Q4 25 | $89.1M | $823.2M | ||
| Q3 25 | $76.1M | $844.4M | ||
| Q2 25 | $74.5M | $822.1M | ||
| Q1 25 | $77.5M | $824.6M | ||
| Q4 24 | $93.6M | $794.2M | ||
| Q3 24 | $77.5M | $853.4M | ||
| Q2 24 | $98.5M | $830.0M | ||
| Q1 24 | $103.6M | $808.6M |
| Q4 25 | 1.90× | 0.69× | ||
| Q3 25 | 1.21× | 0.69× | ||
| Q2 25 | 1.21× | 0.71× | ||
| Q1 25 | 1.16× | 0.81× | ||
| Q4 24 | 1.43× | 0.73× | ||
| Q3 24 | 1.90× | 0.68× | ||
| Q2 24 | 1.21× | 0.69× | ||
| Q1 24 | 1.08× | 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 | $2.8M | $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.
| Q4 25 | $2.8M | $23.3M | ||
| Q3 25 | $-7.3M | $51.0M | ||
| Q2 25 | $935.0K | $36.0M | ||
| Q1 25 | $2.1M | $-46.9M | ||
| Q4 24 | $-2.1M | $6.2M | ||
| Q3 24 | $1.2M | $37.2M | ||
| Q2 24 | $-13.1M | $52.4M | ||
| Q1 24 | $-132.0K | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | $-7.3M | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | $1.2M | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | -15.6% | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | 1.9% | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
