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Side-by-side financial comparison of Honest Company, Inc. (HNST) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $88.0M, roughly 1.1× Honest Company, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -26.8%, a 19.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -11.8%). Honest Company, Inc. produced more free cash flow last quarter ($18.1M vs $14.1M). Over the past eight quarters, Honest Company, Inc.'s revenue compounded faster (1.0% CAGR vs -4.9%).
The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...
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.
HNST vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.0M | $100.0M |
| Net Profit | $-23.6M | $-7.0M |
| Gross Margin | 15.7% | 28.0% |
| Operating Margin | -27.5% | -10.7% |
| Net Margin | -26.8% | -7.0% |
| Revenue YoY | -11.8% | 14.5% |
| Net Profit YoY | -2813.2% | 76.0% |
| EPS (diluted) | $-0.21 | $-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 | $88.0M | $100.0M | ||
| Q3 25 | $92.6M | $161.9M | ||
| Q2 25 | $93.5M | $172.6M | ||
| Q1 25 | $97.3M | $111.4M | ||
| Q4 24 | $99.8M | $87.3M | ||
| Q3 24 | $99.2M | $150.5M | ||
| Q2 24 | $93.0M | $160.1M | ||
| Q1 24 | $86.2M | $110.6M |
| Q4 25 | $-23.6M | $-7.0M | ||
| Q3 25 | $758.0K | $8.1M | ||
| Q2 25 | $3.9M | $16.0M | ||
| Q1 25 | $3.3M | $-6.0M | ||
| Q4 24 | $-809.0K | $-29.2M | ||
| Q3 24 | $165.0K | $5.9M | ||
| Q2 24 | $-4.1M | $13.3M | ||
| Q1 24 | $-1.4M | $-7.9M |
| Q4 25 | 15.7% | 28.0% | ||
| Q3 25 | 37.3% | 35.4% | ||
| Q2 25 | 40.4% | 37.1% | ||
| Q1 25 | 38.7% | 29.5% | ||
| Q4 24 | 38.8% | 24.6% | ||
| Q3 24 | 38.7% | 32.4% | ||
| Q2 24 | 38.3% | 33.1% | ||
| Q1 24 | 37.0% | 27.7% |
| Q4 25 | -27.5% | -10.7% | ||
| Q3 25 | 0.3% | 13.3% | ||
| Q2 25 | 3.1% | 14.3% | ||
| Q1 25 | 2.6% | -4.4% | ||
| Q4 24 | -1.0% | -14.9% | ||
| Q3 24 | 0.1% | 8.9% | ||
| Q2 24 | -4.3% | 12.5% | ||
| Q1 24 | -1.5% | -1.9% |
| Q4 25 | -26.8% | -7.0% | ||
| Q3 25 | 0.8% | 5.0% | ||
| Q2 25 | 4.1% | 9.3% | ||
| Q1 25 | 3.3% | -5.4% | ||
| Q4 24 | -0.8% | -33.4% | ||
| Q3 24 | 0.2% | 3.9% | ||
| Q2 24 | -4.4% | 8.3% | ||
| Q1 24 | -1.6% | -7.1% |
| Q4 25 | $-0.21 | $-0.06 | ||
| Q3 25 | $0.01 | $0.07 | ||
| Q2 25 | $0.03 | $0.13 | ||
| Q1 25 | $0.03 | $-0.05 | ||
| Q4 24 | $-0.01 | $-0.24 | ||
| Q3 24 | $0.00 | $0.05 | ||
| Q2 24 | $-0.04 | $0.11 | ||
| Q1 24 | $-0.01 | $-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 | $89.6M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $169.7M | $405.9M |
| Total Assets | $225.4M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $89.6M | — | ||
| Q3 25 | $71.5M | — | ||
| Q2 25 | $72.1M | — | ||
| Q1 25 | $72.8M | — | ||
| Q4 24 | $75.4M | — | ||
| Q3 24 | $53.4M | — | ||
| Q2 24 | $36.6M | — | ||
| Q1 24 | $33.6M | — |
| 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 | $169.7M | $405.9M | ||
| Q3 25 | $190.2M | $408.4M | ||
| Q2 25 | $187.0M | $398.4M | ||
| Q1 25 | $180.4M | $381.1M | ||
| Q4 24 | $174.3M | $387.2M | ||
| Q3 24 | $133.9M | $416.6M | ||
| Q2 24 | $129.7M | $408.1M | ||
| Q1 24 | $124.8M | $391.8M |
| Q4 25 | $225.4M | $823.2M | ||
| Q3 25 | $241.5M | $844.4M | ||
| Q2 25 | $249.0M | $822.1M | ||
| Q1 25 | $265.3M | $824.6M | ||
| Q4 24 | $247.4M | $794.2M | ||
| Q3 24 | $209.2M | $853.4M | ||
| Q2 24 | $200.2M | $830.0M | ||
| Q1 24 | $198.1M | $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 | $19.3M | $23.3M |
| Free Cash FlowOCF − Capex | $18.1M | $14.1M |
| FCF MarginFCF / Revenue | 20.5% | 14.1% |
| Capex IntensityCapex / Revenue | 1.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $13.6M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $23.3M | ||
| Q3 25 | $-504.0K | $51.0M | ||
| Q2 25 | $-745.0K | $36.0M | ||
| Q1 25 | $-2.9M | $-46.9M | ||
| Q4 24 | $-16.8M | $6.2M | ||
| Q3 24 | $15.1M | $37.2M | ||
| Q2 24 | $2.9M | $52.4M | ||
| Q1 24 | $336.0K | $-34.5M |
| Q4 25 | $18.1M | $14.1M | ||
| Q3 25 | $-624.0K | $45.2M | ||
| Q2 25 | $-826.0K | $29.1M | ||
| Q1 25 | $-3.0M | $-50.3M | ||
| Q4 24 | $-17.2M | $-98.0K | ||
| Q3 24 | $15.0M | $33.2M | ||
| Q2 24 | $2.9M | $47.9M | ||
| Q1 24 | $260.0K | $-39.9M |
| Q4 25 | 20.5% | 14.1% | ||
| Q3 25 | -0.7% | 27.9% | ||
| Q2 25 | -0.9% | 16.8% | ||
| Q1 25 | -3.1% | -45.2% | ||
| Q4 24 | -17.2% | -0.1% | ||
| Q3 24 | 15.1% | 22.1% | ||
| Q2 24 | 3.1% | 29.9% | ||
| Q1 24 | 0.3% | -36.0% |
| Q4 25 | 1.4% | 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 | 0.1% | 2.7% | ||
| Q2 24 | 0.0% | 2.8% | ||
| Q1 24 | 0.1% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | -0.66× | 6.29× | ||
| Q2 25 | -0.19× | 2.25× | ||
| Q1 25 | -0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.42× | 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
HNST
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
