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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
FLEXSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($115.1M vs $100.0M, roughly 1.2× Latham Group, Inc.). FLEXSTEEL INDUSTRIES INC runs the higher net margin — 17.7% vs -7.0%, a 24.7% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 1.0%). Over the past eight quarters, FLEXSTEEL INDUSTRIES INC's revenue compounded faster (1.9% CAGR vs -4.9%).
Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.
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.
FLXS vs SWIM — Head-to-Head
Income Statement — Q1 FY2027 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $115.1M | $100.0M |
| Net Profit | $20.4M | $-7.0M |
| Gross Margin | 22.6% | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 17.7% | -7.0% |
| Revenue YoY | 1.0% | 14.5% |
| Net Profit YoY | 116.0% | 76.0% |
| EPS (diluted) | $1.14 | $-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.
| Q3 26 | $115.1M | — | ||
| Q4 25 | $118.2M | $100.0M | ||
| Q3 25 | $110.4M | $161.9M | ||
| Q2 25 | $114.6M | $172.6M | ||
| Q1 25 | $114.0M | $111.4M | ||
| Q4 24 | $108.5M | $87.3M | ||
| Q3 24 | $104.0M | $150.5M | ||
| Q2 24 | $110.8M | $160.1M |
| Q3 26 | $20.4M | — | ||
| Q4 25 | $6.6M | $-7.0M | ||
| Q3 25 | $7.3M | $8.1M | ||
| Q2 25 | $10.7M | $16.0M | ||
| Q1 25 | $-3.7M | $-6.0M | ||
| Q4 24 | $9.1M | $-29.2M | ||
| Q3 24 | $4.1M | $5.9M | ||
| Q2 24 | $4.9M | $13.3M |
| Q3 26 | 22.6% | — | ||
| Q4 25 | 22.7% | 28.0% | ||
| Q3 25 | 23.5% | 35.4% | ||
| Q2 25 | 23.9% | 37.1% | ||
| Q1 25 | 22.2% | 29.5% | ||
| Q4 24 | 21.0% | 24.6% | ||
| Q3 24 | 21.5% | 32.4% | ||
| Q2 24 | 21.3% | 33.1% |
| Q3 26 | — | — | ||
| Q4 25 | 7.6% | -10.7% | ||
| Q3 25 | 8.1% | 13.3% | ||
| Q2 25 | 12.2% | 14.3% | ||
| Q1 25 | -4.4% | -4.4% | ||
| Q4 24 | 10.7% | -14.9% | ||
| Q3 24 | 5.8% | 8.9% | ||
| Q2 24 | 6.9% | 12.5% |
| Q3 26 | 17.7% | — | ||
| Q4 25 | 5.6% | -7.0% | ||
| Q3 25 | 6.6% | 5.0% | ||
| Q2 25 | 9.3% | 9.3% | ||
| Q1 25 | -3.3% | -5.4% | ||
| Q4 24 | 8.3% | -33.4% | ||
| Q3 24 | 4.0% | 3.9% | ||
| Q2 24 | 4.4% | 8.3% |
| Q3 26 | $1.14 | — | ||
| Q4 25 | $1.18 | $-0.06 | ||
| Q3 25 | $1.31 | $0.07 | ||
| Q2 25 | $1.90 | $0.13 | ||
| Q1 25 | $-0.71 | $-0.05 | ||
| Q4 24 | $1.62 | $-0.24 | ||
| Q3 24 | $0.74 | $0.05 | ||
| Q2 24 | $0.87 | $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 | $57.3M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $185.3M | $405.9M |
| Total Assets | $290.2M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | $57.3M | — | ||
| Q4 25 | $36.8M | — | ||
| Q3 25 | $38.6M | — | ||
| Q2 25 | $40.0M | — | ||
| Q1 25 | $22.6M | — | ||
| Q4 24 | $11.8M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $4.8M | — |
| Q3 26 | — | — | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q3 26 | $185.3M | — | ||
| Q4 25 | $178.9M | $405.9M | ||
| Q3 25 | $172.2M | $408.4M | ||
| Q2 25 | $167.9M | $398.4M | ||
| Q1 25 | $158.1M | $381.1M | ||
| Q4 24 | $161.9M | $387.2M | ||
| Q3 24 | $154.7M | $416.6M | ||
| Q2 24 | $150.4M | $408.1M |
| Q3 26 | $290.2M | — | ||
| Q4 25 | $290.2M | $823.2M | ||
| Q3 25 | $281.5M | $844.4M | ||
| Q2 25 | $282.5M | $822.1M | ||
| Q1 25 | $266.1M | $824.6M | ||
| Q4 24 | $271.5M | $794.2M | ||
| Q3 24 | $268.7M | $853.4M | ||
| Q2 24 | $274.5M | $830.0M |
| Q3 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 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 | $27.2M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 1.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | $27.2M | — | ||
| Q4 25 | $1.0M | $23.3M | ||
| Q3 25 | $4.1M | $51.0M | ||
| Q2 25 | $15.6M | $36.0M | ||
| Q1 25 | $12.3M | $-46.9M | ||
| Q4 24 | $6.7M | $6.2M | ||
| Q3 24 | $2.4M | $37.2M | ||
| Q2 24 | $7.5M | $52.4M |
| Q3 26 | — | — | ||
| Q4 25 | $-735.0K | $14.1M | ||
| Q3 25 | $2.8M | $45.2M | ||
| Q2 25 | $15.1M | $29.1M | ||
| Q1 25 | $10.9M | $-50.3M | ||
| Q4 24 | $5.8M | $-98.0K | ||
| Q3 24 | $2.0M | $33.2M | ||
| Q2 24 | $7.1M | $47.9M |
| Q3 26 | — | — | ||
| Q4 25 | -0.6% | 14.1% | ||
| Q3 25 | 2.5% | 27.9% | ||
| Q2 25 | 13.1% | 16.8% | ||
| Q1 25 | 9.6% | -45.2% | ||
| Q4 24 | 5.3% | -0.1% | ||
| Q3 24 | 1.9% | 22.1% | ||
| Q2 24 | 6.4% | 29.9% |
| Q3 26 | — | — | ||
| Q4 25 | 1.5% | 9.2% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 1.2% | 3.1% | ||
| Q4 24 | 0.8% | 7.2% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.4% | 2.8% |
| Q3 26 | 1.33× | — | ||
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.56× | 6.29× | ||
| Q2 25 | 1.46× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.58× | 6.32× | ||
| Q2 24 | 1.53× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLXS
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
