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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.3× HEALTHSTREAM INC). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 7.4%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $13.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -4.9%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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.
HSTM vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 3.0% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 7.4% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $0.09 | $-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 | $79.7M | $100.0M | ||
| Q3 25 | $76.5M | $161.9M | ||
| Q2 25 | $74.4M | $172.6M | ||
| Q1 25 | $73.5M | $111.4M | ||
| Q4 24 | $74.2M | $87.3M | ||
| Q3 24 | $73.1M | $150.5M | ||
| Q2 24 | $71.6M | $160.1M | ||
| Q1 24 | $72.8M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $6.1M | $8.1M | ||
| Q2 25 | $5.4M | $16.0M | ||
| Q1 25 | $4.3M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $5.7M | $5.9M | ||
| Q2 24 | $4.2M | $13.3M | ||
| Q1 24 | $5.2M | $-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 | 3.0% | -10.7% | ||
| Q3 25 | 9.9% | 13.3% | ||
| Q2 25 | 7.9% | 14.3% | ||
| Q1 25 | 6.0% | -4.4% | ||
| Q4 24 | 6.3% | -14.9% | ||
| Q3 24 | 8.9% | 8.9% | ||
| Q2 24 | 6.2% | 12.5% | ||
| Q1 24 | 7.8% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 8.0% | 5.0% | ||
| Q2 25 | 7.2% | 9.3% | ||
| Q1 25 | 5.9% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 7.8% | 3.9% | ||
| Q2 24 | 5.8% | 8.3% | ||
| Q1 24 | 7.2% | -7.1% |
| Q4 25 | $0.09 | $-0.06 | ||
| Q3 25 | $0.20 | $0.07 | ||
| Q2 25 | $0.18 | $0.13 | ||
| Q1 25 | $0.14 | $-0.05 | ||
| Q4 24 | $0.16 | $-0.24 | ||
| Q3 24 | $0.19 | $0.05 | ||
| Q2 24 | $0.14 | $0.11 | ||
| Q1 24 | $0.17 | $-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 | $36.2M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $354.0M | $405.9M |
| Total Assets | $520.4M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | — | ||
| Q3 25 | $53.5M | — | ||
| Q2 25 | $52.1M | — | ||
| Q1 25 | $77.3M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $57.5M | — | ||
| Q2 24 | $46.1M | — | ||
| Q1 24 | $52.4M | — |
| 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 | $354.0M | $405.9M | ||
| Q3 25 | $349.2M | $408.4M | ||
| Q2 25 | $350.6M | $398.4M | ||
| Q1 25 | $362.8M | $381.1M | ||
| Q4 24 | $359.4M | $387.2M | ||
| Q3 24 | $355.5M | $416.6M | ||
| Q2 24 | $349.2M | $408.1M | ||
| Q1 24 | $344.9M | $391.8M |
| Q4 25 | $520.4M | $823.2M | ||
| Q3 25 | $499.9M | $844.4M | ||
| Q2 25 | $500.1M | $822.1M | ||
| Q1 25 | $524.0M | $824.6M | ||
| Q4 24 | $510.8M | $794.2M | ||
| Q3 24 | $502.8M | $853.4M | ||
| Q2 24 | $499.6M | $830.0M | ||
| Q1 24 | $511.6M | $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 | $13.2M | $23.3M |
| Free Cash FlowOCF − Capex | $13.0M | $14.1M |
| FCF MarginFCF / Revenue | 16.3% | 14.1% |
| Capex IntensityCapex / Revenue | 0.3% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $23.3M | ||
| Q3 25 | $18.0M | $51.0M | ||
| Q2 25 | $5.0M | $36.0M | ||
| Q1 25 | $27.1M | $-46.9M | ||
| Q4 24 | $11.2M | $6.2M | ||
| Q3 24 | $19.1M | $37.2M | ||
| Q2 24 | $6.5M | $52.4M | ||
| Q1 24 | $20.9M | $-34.5M |
| Q4 25 | $13.0M | $14.1M | ||
| Q3 25 | $17.9M | $45.2M | ||
| Q2 25 | $2.7M | $29.1M | ||
| Q1 25 | $26.0M | $-50.3M | ||
| Q4 24 | $11.0M | $-98.0K | ||
| Q3 24 | $18.8M | $33.2M | ||
| Q2 24 | $6.3M | $47.9M | ||
| Q1 24 | $20.2M | $-39.9M |
| Q4 25 | 16.3% | 14.1% | ||
| Q3 25 | 23.4% | 27.9% | ||
| Q2 25 | 3.6% | 16.8% | ||
| Q1 25 | 35.4% | -45.2% | ||
| Q4 24 | 14.8% | -0.1% | ||
| Q3 24 | 25.8% | 22.1% | ||
| Q2 24 | 8.8% | 29.9% | ||
| Q1 24 | 27.8% | -36.0% |
| Q4 25 | 0.3% | 9.2% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 3.1% | 4.0% | ||
| Q1 25 | 1.4% | 3.1% | ||
| Q4 24 | 0.3% | 7.2% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.2% | 2.8% | ||
| Q1 24 | 1.0% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | 6.29× | ||
| Q2 25 | 0.93× | 2.25× | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | 6.32× | ||
| Q2 24 | 1.55× | 3.95× | ||
| Q1 24 | 4.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
