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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $100.0M, roughly 1.2× Latham Group, Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -7.0%, a 12.0% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -4.9%).
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
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.
HIPO vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.4M | $100.0M |
| Net Profit | $6.0M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 5.6% | -10.7% |
| Net Margin | 5.0% | -7.0% |
| Revenue YoY | 18.2% | 14.5% |
| Net Profit YoY | -86.4% | 76.0% |
| EPS (diluted) | $0.31 | $-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 | $120.4M | $100.0M | ||
| Q3 25 | $120.6M | $161.9M | ||
| Q2 25 | $117.3M | $172.6M | ||
| Q1 25 | $110.3M | $111.4M | ||
| Q4 24 | $101.9M | $87.3M | ||
| Q3 24 | $95.5M | $150.5M | ||
| Q2 24 | $89.6M | $160.1M | ||
| Q1 24 | $85.1M | $110.6M |
| Q4 25 | $6.0M | $-7.0M | ||
| Q3 25 | $98.1M | $8.1M | ||
| Q2 25 | $1.3M | $16.0M | ||
| Q1 25 | $-47.7M | $-6.0M | ||
| Q4 24 | $44.2M | $-29.2M | ||
| Q3 24 | $-8.5M | $5.9M | ||
| Q2 24 | $-40.5M | $13.3M | ||
| Q1 24 | $-35.7M | $-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 | 5.6% | -10.7% | ||
| Q3 25 | 81.3% | 13.3% | ||
| Q2 25 | 3.4% | 14.3% | ||
| Q1 25 | -41.3% | -4.4% | ||
| Q4 24 | 46.3% | -14.9% | ||
| Q3 24 | -5.4% | 8.9% | ||
| Q2 24 | -40.7% | 12.5% | ||
| Q1 24 | -38.7% | -1.9% |
| Q4 25 | 5.0% | -7.0% | ||
| Q3 25 | 81.3% | 5.0% | ||
| Q2 25 | 1.1% | 9.3% | ||
| Q1 25 | -43.2% | -5.4% | ||
| Q4 24 | 43.4% | -33.4% | ||
| Q3 24 | -8.9% | 3.9% | ||
| Q2 24 | -45.2% | 8.3% | ||
| Q1 24 | -42.0% | -7.1% |
| Q4 25 | $0.31 | $-0.06 | ||
| Q3 25 | $3.77 | $0.07 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $-1.91 | $-0.05 | ||
| Q4 24 | $1.81 | $-0.24 | ||
| Q3 24 | $-0.34 | $0.05 | ||
| Q2 24 | $-1.64 | $0.11 | ||
| Q1 24 | $-1.47 | $-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 | $218.3M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $436.1M | $405.9M |
| Total Assets | $1.9B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.3M | — | ||
| Q3 25 | $247.7M | — | ||
| Q2 25 | $198.9M | — | ||
| Q1 25 | $140.9M | — | ||
| Q4 24 | $197.6M | — | ||
| Q3 24 | $191.2M | — | ||
| Q2 24 | $175.9M | — | ||
| Q1 24 | $223.4M | — |
| 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 | $436.1M | $405.9M | ||
| Q3 25 | $421.5M | $408.4M | ||
| Q2 25 | $332.5M | $398.4M | ||
| Q1 25 | $322.8M | $381.1M | ||
| Q4 24 | $362.1M | $387.2M | ||
| Q3 24 | $326.4M | $416.6M | ||
| Q2 24 | $322.6M | $408.1M | ||
| Q1 24 | $351.2M | $391.8M |
| Q4 25 | $1.9B | $823.2M | ||
| Q3 25 | $1.9B | $844.4M | ||
| Q2 25 | $1.7B | $822.1M | ||
| Q1 25 | $1.5B | $824.6M | ||
| Q4 24 | $1.5B | $794.2M | ||
| Q3 24 | $1.5B | $853.4M | ||
| Q2 24 | $1.5B | $830.0M | ||
| Q1 24 | $1.5B | $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 | $9.2M | $23.3M |
| Free Cash FlowOCF − Capex | $9.1M | $14.1M |
| FCF MarginFCF / Revenue | 7.6% | 14.1% |
| Capex IntensityCapex / Revenue | 0.1% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.2M | $23.3M | ||
| Q3 25 | $16.9M | $51.0M | ||
| Q2 25 | $24.7M | $36.0M | ||
| Q1 25 | $-35.6M | $-46.9M | ||
| Q4 24 | $47.5M | $6.2M | ||
| Q3 24 | $46.8M | $37.2M | ||
| Q2 24 | $-10.6M | $52.4M | ||
| Q1 24 | $17.7M | $-34.5M |
| Q4 25 | $9.1M | $14.1M | ||
| Q3 25 | $16.8M | $45.2M | ||
| Q2 25 | $24.6M | $29.1M | ||
| Q1 25 | $-35.7M | $-50.3M | ||
| Q4 24 | $47.2M | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | $-10.7M | $47.9M | ||
| Q1 24 | $17.6M | $-39.9M |
| Q4 25 | 7.6% | 14.1% | ||
| Q3 25 | 13.9% | 27.9% | ||
| Q2 25 | 21.0% | 16.8% | ||
| Q1 25 | -32.4% | -45.2% | ||
| Q4 24 | 46.3% | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | -11.9% | 29.9% | ||
| Q1 24 | 20.7% | -36.0% |
| Q4 25 | 0.1% | 9.2% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 0.1% | 4.0% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 0.3% | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.1% | 4.8% |
| Q4 25 | 1.53× | — | ||
| Q3 25 | 0.17× | 6.29× | ||
| Q2 25 | 19.00× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.07× | — | ||
| 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
HIPO
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
