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Side-by-side financial comparison of HALLADOR ENERGY CO (HNRG) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
HALLADOR ENERGY CO is the larger business by last-quarter revenue ($101.9M vs $100.0M, roughly 1.0× Latham Group, Inc.). HALLADOR ENERGY CO runs the higher net margin — -0.2% vs -7.0%, a 6.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 8.9%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-16.8M). Over the past eight quarters, HALLADOR ENERGY CO's revenue compounded faster (-4.4% CAGR vs -4.9%).
Hallador Energy Co is a U.S.-based energy firm focused on low-sulfur coal production and electric generation operations. It serves the North American market, supplying coal to utility and industrial clients, and delivering power to regional residential and commercial segments.
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.
HNRG vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $101.9M | $100.0M |
| Net Profit | $-240.0K | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 6.1% | -10.7% |
| Net Margin | -0.2% | -7.0% |
| Revenue YoY | 8.9% | 14.5% |
| Net Profit YoY | 99.9% | 76.0% |
| EPS (diluted) | $-0.01 | $-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 | $101.9M | $100.0M | ||
| Q3 25 | $146.8M | $161.9M | ||
| Q2 25 | $102.9M | $172.6M | ||
| Q1 25 | $117.8M | $111.4M | ||
| Q4 24 | $93.6M | $87.3M | ||
| Q3 24 | $105.2M | $150.5M | ||
| Q2 24 | $93.8M | $160.1M | ||
| Q1 24 | $111.6M | $110.6M |
| Q4 25 | $-240.0K | $-7.0M | ||
| Q3 25 | $23.9M | $8.1M | ||
| Q2 25 | $8.2M | $16.0M | ||
| Q1 25 | $10.0M | $-6.0M | ||
| Q4 24 | $-215.8M | $-29.2M | ||
| Q3 24 | $1.6M | $5.9M | ||
| Q2 24 | $-10.2M | $13.3M | ||
| Q1 24 | $-1.7M | $-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 | 23.7% | 27.7% |
| Q4 25 | 6.1% | -10.7% | ||
| Q3 25 | 19.8% | 13.3% | ||
| Q2 25 | 11.5% | 14.3% | ||
| Q1 25 | 11.8% | -4.4% | ||
| Q4 24 | -233.5% | -14.9% | ||
| Q3 24 | 4.5% | 8.9% | ||
| Q2 24 | -7.8% | 12.5% | ||
| Q1 24 | 2.4% | -1.9% |
| Q4 25 | -0.2% | -7.0% | ||
| Q3 25 | 16.3% | 5.0% | ||
| Q2 25 | 8.0% | 9.3% | ||
| Q1 25 | 8.5% | -5.4% | ||
| Q4 24 | -230.5% | -33.4% | ||
| Q3 24 | 1.5% | 3.9% | ||
| Q2 24 | -10.9% | 8.3% | ||
| Q1 24 | -1.5% | -7.1% |
| Q4 25 | $-0.01 | $-0.06 | ||
| Q3 25 | $0.55 | $0.07 | ||
| Q2 25 | $0.19 | $0.13 | ||
| Q1 25 | $0.23 | $-0.05 | ||
| Q4 24 | $-5.44 | $-0.24 | ||
| Q3 24 | $0.04 | $0.05 | ||
| Q2 24 | $-0.27 | $0.11 | ||
| Q1 24 | $-0.05 | $-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 | $10.1M | — |
| Total DebtLower is stronger | $29.7M | $279.8M |
| Stockholders' EquityBook value | $159.8M | $405.9M |
| Total Assets | $408.1M | $823.2M |
| Debt / EquityLower = less leverage | 0.19× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.1M | — | ||
| Q3 25 | $12.7M | — | ||
| Q2 25 | $9.2M | — | ||
| Q1 25 | $6.9M | — | ||
| Q4 24 | $7.2M | — | ||
| Q3 24 | $3.8M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | $29.7M | $279.8M | ||
| Q3 25 | $42.7M | $281.1M | ||
| Q2 25 | $43.1M | $281.5M | ||
| Q1 25 | $21.0M | $306.9M | ||
| Q4 24 | $41.5M | $281.5M | ||
| Q3 24 | $67.0M | $282.8M | ||
| Q2 24 | $42.7M | $282.4M | ||
| Q1 24 | $73.8M | $282.8M |
| Q4 25 | $159.8M | $405.9M | ||
| Q3 25 | $146.2M | $408.4M | ||
| Q2 25 | $122.2M | $398.4M | ||
| Q1 25 | $115.3M | $381.1M | ||
| Q4 24 | $104.3M | $387.2M | ||
| Q3 24 | $318.8M | $416.6M | ||
| Q2 24 | $316.2M | $408.1M | ||
| Q1 24 | $283.9M | $391.8M |
| Q4 25 | $408.1M | $823.2M | ||
| Q3 25 | $409.5M | $844.4M | ||
| Q2 25 | $409.5M | $822.1M | ||
| Q1 25 | $366.1M | $824.6M | ||
| Q4 24 | $369.1M | $794.2M | ||
| Q3 24 | $579.7M | $853.4M | ||
| Q2 24 | $595.2M | $830.0M | ||
| Q1 24 | $585.4M | $808.6M |
| Q4 25 | 0.19× | 0.69× | ||
| Q3 25 | 0.29× | 0.69× | ||
| Q2 25 | 0.35× | 0.71× | ||
| Q1 25 | 0.18× | 0.81× | ||
| Q4 24 | 0.40× | 0.73× | ||
| Q3 24 | 0.21× | 0.68× | ||
| Q2 24 | 0.13× | 0.69× | ||
| Q1 24 | 0.26× | 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 | $8.2M | $23.3M |
| Free Cash FlowOCF − Capex | $-16.8M | $14.1M |
| FCF MarginFCF / Revenue | -16.5% | 14.1% |
| Capex IntensityCapex / Revenue | 24.5% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $23.3M | ||
| Q3 25 | $23.2M | $51.0M | ||
| Q2 25 | $11.4M | $36.0M | ||
| Q1 25 | $38.4M | $-46.9M | ||
| Q4 24 | $38.9M | $6.2M | ||
| Q3 24 | $-12.9M | $37.2M | ||
| Q2 24 | $23.5M | $52.4M | ||
| Q1 24 | $16.4M | $-34.5M |
| Q4 25 | $-16.8M | $14.1M | ||
| Q3 25 | $3.7M | $45.2M | ||
| Q2 25 | $-1.7M | $29.1M | ||
| Q1 25 | $26.7M | $-50.3M | ||
| Q4 24 | $25.2M | $-98.0K | ||
| Q3 24 | $-24.5M | $33.2M | ||
| Q2 24 | $10.4M | $47.9M | ||
| Q1 24 | $1.5M | $-39.9M |
| Q4 25 | -16.5% | 14.1% | ||
| Q3 25 | 2.5% | 27.9% | ||
| Q2 25 | -1.6% | 16.8% | ||
| Q1 25 | 22.7% | -45.2% | ||
| Q4 24 | 26.9% | -0.1% | ||
| Q3 24 | -23.3% | 22.1% | ||
| Q2 24 | 11.0% | 29.9% | ||
| Q1 24 | 1.3% | -36.0% |
| Q4 25 | 24.5% | 9.2% | ||
| Q3 25 | 13.3% | 3.6% | ||
| Q2 25 | 12.7% | 4.0% | ||
| Q1 25 | 9.9% | 3.1% | ||
| Q4 24 | 14.7% | 7.2% | ||
| Q3 24 | 11.0% | 2.7% | ||
| Q2 24 | 14.0% | 2.8% | ||
| Q1 24 | 13.3% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 0.97× | 6.29× | ||
| Q2 25 | 1.38× | 2.25× | ||
| Q1 25 | 3.85× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.31× | 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
HNRG
| Delivered Energy | $58.6M | 57% |
| Coal Sales | $29.1M | 29% |
| Coal Operations | $14.4M | 14% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
