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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $100.0M, roughly 1.1× Latham Group, Inc.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -0.8%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs -4.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -34.5% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | -0.8% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.19 | $-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 | $105.5M | $100.0M | ||
| Q3 25 | $112.7M | $161.9M | ||
| Q2 25 | $109.2M | $172.6M | ||
| Q1 25 | $122.9M | $111.4M | ||
| Q4 24 | $106.3M | $87.3M | ||
| Q3 24 | $94.1M | $150.5M | ||
| Q2 24 | $90.7M | $160.1M | ||
| Q1 24 | $89.0M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $14.5M | $8.1M | ||
| Q2 25 | $25.1M | $16.0M | ||
| Q1 25 | $9.8M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $9.1M | $5.9M | ||
| Q2 24 | $5.1M | $13.3M | ||
| Q1 24 | $16.2M | $-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 | -34.5% | -10.7% | ||
| Q3 25 | 17.4% | 13.3% | ||
| Q2 25 | 19.0% | 14.3% | ||
| Q1 25 | 34.6% | -4.4% | ||
| Q4 24 | -6.5% | -14.9% | ||
| Q3 24 | 26.2% | 8.9% | ||
| Q2 24 | 24.1% | 12.5% | ||
| Q1 24 | 22.0% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 12.9% | 5.0% | ||
| Q2 25 | 23.0% | 9.3% | ||
| Q1 25 | 8.0% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 9.6% | 3.9% | ||
| Q2 24 | 5.6% | 8.3% | ||
| Q1 24 | 18.2% | -7.1% |
| Q4 25 | $-0.19 | $-0.06 | ||
| Q3 25 | $0.11 | $0.07 | ||
| Q2 25 | $0.19 | $0.13 | ||
| Q1 25 | $0.07 | $-0.05 | ||
| Q4 24 | $-0.09 | $-0.24 | ||
| Q3 24 | $0.07 | $0.05 | ||
| Q2 24 | $0.04 | $0.11 | ||
| Q1 24 | $0.12 | $-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 | — | — |
| Total DebtLower is stronger | $367.8M | $279.8M |
| Stockholders' EquityBook value | $605.8M | $405.9M |
| Total Assets | $1.2B | $823.2M |
| Debt / EquityLower = less leverage | 0.61× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $367.8M | $279.8M | ||
| Q3 25 | $300.0M | $281.1M | ||
| Q2 25 | $275.0M | $281.5M | ||
| Q1 25 | $250.0M | $306.9M | ||
| Q4 24 | $205.0M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | $137.5M | $282.8M |
| Q4 25 | $605.8M | $405.9M | ||
| Q3 25 | $643.9M | $408.4M | ||
| Q2 25 | $642.5M | $398.4M | ||
| Q1 25 | $631.4M | $381.1M | ||
| Q4 24 | $635.4M | $387.2M | ||
| Q3 24 | $660.6M | $416.6M | ||
| Q2 24 | $665.3M | $408.1M | ||
| Q1 24 | $674.0M | $391.8M |
| Q4 25 | $1.2B | $823.2M | ||
| Q3 25 | $1.1B | $844.4M | ||
| Q2 25 | $1.1B | $822.1M | ||
| Q1 25 | $1.1B | $824.6M | ||
| Q4 24 | $1.0B | $794.2M | ||
| Q3 24 | $1.0B | $853.4M | ||
| Q2 24 | $990.5M | $830.0M | ||
| Q1 24 | $966.7M | $808.6M |
| Q4 25 | 0.61× | 0.69× | ||
| Q3 25 | 0.47× | 0.69× | ||
| Q2 25 | 0.43× | 0.71× | ||
| Q1 25 | 0.40× | 0.81× | ||
| Q4 24 | 0.32× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | 0.20× | 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 | $64.5M | $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 | $64.5M | $23.3M | ||
| Q3 25 | $77.8M | $51.0M | ||
| Q2 25 | $78.0M | $36.0M | ||
| Q1 25 | $76.1M | $-46.9M | ||
| Q4 24 | $68.2M | $6.2M | ||
| Q3 24 | $74.7M | $37.2M | ||
| Q2 24 | $64.2M | $52.4M | ||
| Q1 24 | $68.7M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | 6.29× | ||
| Q2 25 | 3.11× | 2.25× | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | 6.32× | ||
| Q2 24 | 12.58× | 3.95× | ||
| Q1 24 | 4.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
