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Side-by-side financial comparison of JFrog Ltd (FROG) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $100.0M, roughly 1.5× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -10.5%, a 3.5% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 14.5%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $14.1M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -4.9%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $100.0M |
| Net Profit | $-15.2M | $-7.0M |
| Gross Margin | 77.9% | 28.0% |
| Operating Margin | -14.7% | -10.7% |
| Net Margin | -10.5% | -7.0% |
| Revenue YoY | 25.2% | 14.5% |
| Net Profit YoY | 34.4% | 76.0% |
| EPS (diluted) | $-0.13 | $-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 | $145.3M | $100.0M | ||
| Q3 25 | $136.9M | $161.9M | ||
| Q2 25 | $127.2M | $172.6M | ||
| Q1 25 | $122.4M | $111.4M | ||
| Q4 24 | $116.1M | $87.3M | ||
| Q3 24 | $109.1M | $150.5M | ||
| Q2 24 | $103.0M | $160.1M | ||
| Q1 24 | $100.3M | $110.6M |
| Q4 25 | $-15.2M | $-7.0M | ||
| Q3 25 | $-16.4M | $8.1M | ||
| Q2 25 | $-21.7M | $16.0M | ||
| Q1 25 | $-18.5M | $-6.0M | ||
| Q4 24 | $-23.2M | $-29.2M | ||
| Q3 24 | $-22.9M | $5.9M | ||
| Q2 24 | $-14.3M | $13.3M | ||
| Q1 24 | $-8.8M | $-7.9M |
| Q4 25 | 77.9% | 28.0% | ||
| Q3 25 | 77.4% | 35.4% | ||
| Q2 25 | 76.3% | 37.1% | ||
| Q1 25 | 75.3% | 29.5% | ||
| Q4 24 | 75.4% | 24.6% | ||
| Q3 24 | 75.0% | 32.4% | ||
| Q2 24 | 78.8% | 33.1% | ||
| Q1 24 | 79.5% | 27.7% |
| Q4 25 | -14.7% | -10.7% | ||
| Q3 25 | -15.8% | 13.3% | ||
| Q2 25 | -20.4% | 14.3% | ||
| Q1 25 | -18.8% | -4.4% | ||
| Q4 24 | -21.9% | -14.9% | ||
| Q3 24 | -27.4% | 8.9% | ||
| Q2 24 | -18.6% | 12.5% | ||
| Q1 24 | -16.6% | -1.9% |
| Q4 25 | -10.5% | -7.0% | ||
| Q3 25 | -12.0% | 5.0% | ||
| Q2 25 | -17.0% | 9.3% | ||
| Q1 25 | -15.1% | -5.4% | ||
| Q4 24 | -20.0% | -33.4% | ||
| Q3 24 | -21.0% | 3.9% | ||
| Q2 24 | -13.9% | 8.3% | ||
| Q1 24 | -8.8% | -7.1% |
| Q4 25 | $-0.13 | $-0.06 | ||
| Q3 25 | $-0.14 | $0.07 | ||
| Q2 25 | $-0.19 | $0.13 | ||
| Q1 25 | $-0.16 | $-0.05 | ||
| Q4 24 | $-0.21 | $-0.24 | ||
| Q3 24 | $-0.21 | $0.05 | ||
| Q2 24 | $-0.13 | $0.11 | ||
| Q1 24 | $-0.08 | $-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 | $704.4M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $887.4M | $405.9M |
| Total Assets | $1.3B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | — | ||
| Q3 25 | $651.1M | — | ||
| Q2 25 | $611.7M | — | ||
| Q1 25 | $563.5M | — | ||
| Q4 24 | $522.0M | — | ||
| Q3 24 | $467.8M | — | ||
| Q2 24 | $591.3M | — | ||
| Q1 24 | $579.6M | — |
| 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 | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $887.4M | $405.9M | ||
| Q3 25 | $859.4M | $408.4M | ||
| Q2 25 | $826.5M | $398.4M | ||
| Q1 25 | $800.0M | $381.1M | ||
| Q4 24 | $773.5M | $387.2M | ||
| Q3 24 | $756.2M | $416.6M | ||
| Q2 24 | $721.4M | $408.1M | ||
| Q1 24 | $707.8M | $391.8M |
| Q4 25 | $1.3B | $823.2M | ||
| Q3 25 | $1.3B | $844.4M | ||
| Q2 25 | $1.2B | $822.1M | ||
| Q1 25 | $1.2B | $824.6M | ||
| Q4 24 | $1.1B | $794.2M | ||
| Q3 24 | $1.1B | $853.4M | ||
| Q2 24 | $1.0B | $830.0M | ||
| Q1 24 | $997.1M | $808.6M |
| 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× | ||
| Q1 24 | — | 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 | $50.7M | $23.3M |
| Free Cash FlowOCF − Capex | $49.9M | $14.1M |
| FCF MarginFCF / Revenue | 34.3% | 14.1% |
| Capex IntensityCapex / Revenue | 0.6% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $23.3M | ||
| Q3 25 | $30.2M | $51.0M | ||
| Q2 25 | $36.1M | $36.0M | ||
| Q1 25 | $28.8M | $-46.9M | ||
| Q4 24 | $49.1M | $6.2M | ||
| Q3 24 | $27.6M | $37.2M | ||
| Q2 24 | $16.7M | $52.4M | ||
| Q1 24 | $17.5M | $-34.5M |
| Q4 25 | $49.9M | $14.1M | ||
| Q3 25 | $28.8M | $45.2M | ||
| Q2 25 | $35.5M | $29.1M | ||
| Q1 25 | $28.1M | $-50.3M | ||
| Q4 24 | $48.5M | $-98.0K | ||
| Q3 24 | $26.7M | $33.2M | ||
| Q2 24 | $16.0M | $47.9M | ||
| Q1 24 | $16.6M | $-39.9M |
| Q4 25 | 34.3% | 14.1% | ||
| Q3 25 | 21.0% | 27.9% | ||
| Q2 25 | 27.9% | 16.8% | ||
| Q1 25 | 23.0% | -45.2% | ||
| Q4 24 | 41.8% | -0.1% | ||
| Q3 24 | 24.5% | 22.1% | ||
| Q2 24 | 15.5% | 29.9% | ||
| Q1 24 | 16.6% | -36.0% |
| Q4 25 | 0.6% | 9.2% | ||
| Q3 25 | 1.0% | 3.6% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 0.5% | 3.1% | ||
| Q4 24 | 0.5% | 7.2% | ||
| Q3 24 | 0.9% | 2.7% | ||
| Q2 24 | 0.7% | 2.8% | ||
| Q1 24 | 0.8% | 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
FROG
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
