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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $100.0M, roughly 1.8× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -10.8%, a 3.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -26.1%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-44.2M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -18.5%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
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.
HTLD vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $100.0M |
| Net Profit | $-19.4M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -12.7% | -10.7% |
| Net Margin | -10.8% | -7.0% |
| Revenue YoY | -26.1% | 14.5% |
| Net Profit YoY | -949.2% | 76.0% |
| EPS (diluted) | $-0.24 | $-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 | $179.4M | $100.0M | ||
| Q3 25 | $196.5M | $161.9M | ||
| Q2 25 | $210.4M | $172.6M | ||
| Q1 25 | $219.4M | $111.4M | ||
| Q4 24 | $242.6M | $87.3M | ||
| Q3 24 | $259.9M | $150.5M | ||
| Q2 24 | $274.8M | $160.1M | ||
| Q1 24 | $270.3M | $110.6M |
| Q4 25 | $-19.4M | $-7.0M | ||
| Q3 25 | $-8.3M | $8.1M | ||
| Q2 25 | $-10.9M | $16.0M | ||
| Q1 25 | $-13.9M | $-6.0M | ||
| Q4 24 | $-1.9M | $-29.2M | ||
| Q3 24 | $-9.3M | $5.9M | ||
| Q2 24 | $-3.5M | $13.3M | ||
| Q1 24 | $-15.1M | $-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 | -12.7% | -10.7% | ||
| Q3 25 | -3.7% | 13.3% | ||
| Q2 25 | -5.9% | 14.3% | ||
| Q1 25 | -6.8% | -4.4% | ||
| Q4 24 | 0.4% | -14.9% | ||
| Q3 24 | -2.7% | 8.9% | ||
| Q2 24 | 0.1% | 12.5% | ||
| Q1 24 | -5.3% | -1.9% |
| Q4 25 | -10.8% | -7.0% | ||
| Q3 25 | -4.2% | 5.0% | ||
| Q2 25 | -5.2% | 9.3% | ||
| Q1 25 | -6.3% | -5.4% | ||
| Q4 24 | -0.8% | -33.4% | ||
| Q3 24 | -3.6% | 3.9% | ||
| Q2 24 | -1.3% | 8.3% | ||
| Q1 24 | -5.6% | -7.1% |
| Q4 25 | $-0.24 | $-0.06 | ||
| Q3 25 | $-0.11 | $0.07 | ||
| Q2 25 | $-0.14 | $0.13 | ||
| Q1 25 | $-0.18 | $-0.05 | ||
| Q4 24 | $-0.03 | $-0.24 | ||
| Q3 24 | $-0.12 | $0.05 | ||
| Q2 24 | $-0.04 | $0.11 | ||
| Q1 24 | $-0.19 | $-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 | $18.5M | — |
| Total DebtLower is stronger | $154.1M | $279.8M |
| Stockholders' EquityBook value | $755.3M | $405.9M |
| Total Assets | $1.2B | $823.2M |
| Debt / EquityLower = less leverage | 0.20× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | — | ||
| Q3 25 | $32.7M | — | ||
| Q2 25 | $22.9M | — | ||
| Q1 25 | $23.9M | — | ||
| Q4 24 | $12.8M | — | ||
| Q3 24 | $30.7M | — | ||
| Q2 24 | $23.9M | — | ||
| Q1 24 | $23.8M | — |
| Q4 25 | $154.1M | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $187.9M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $755.3M | $405.9M | ||
| Q3 25 | $775.6M | $408.4M | ||
| Q2 25 | $786.7M | $398.4M | ||
| Q1 25 | $807.7M | $381.1M | ||
| Q4 24 | $822.6M | $387.2M | ||
| Q3 24 | $825.7M | $416.6M | ||
| Q2 24 | $836.8M | $408.1M | ||
| Q1 24 | $848.8M | $391.8M |
| Q4 25 | $1.2B | $823.2M | ||
| Q3 25 | $1.3B | $844.4M | ||
| Q2 25 | $1.3B | $822.1M | ||
| Q1 25 | $1.3B | $824.6M | ||
| Q4 24 | $1.3B | $794.2M | ||
| Q3 24 | $1.4B | $853.4M | ||
| Q2 24 | $1.4B | $830.0M | ||
| Q1 24 | $1.5B | $808.6M |
| Q4 25 | 0.20× | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.23× | 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 | $14.9M | $23.3M |
| Free Cash FlowOCF − Capex | $-44.2M | $14.1M |
| FCF MarginFCF / Revenue | -24.6% | 14.1% |
| Capex IntensityCapex / Revenue | 33.0% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $23.3M | ||
| Q3 25 | $27.5M | $51.0M | ||
| Q2 25 | $21.0M | $36.0M | ||
| Q1 25 | $25.8M | $-46.9M | ||
| Q4 24 | $37.8M | $6.2M | ||
| Q3 24 | $35.6M | $37.2M | ||
| Q2 24 | $40.0M | $52.4M | ||
| Q1 24 | $31.0M | $-34.5M |
| Q4 25 | $-44.2M | $14.1M | ||
| Q3 25 | $-12.2M | $45.2M | ||
| Q2 25 | $-12.8M | $29.1M | ||
| Q1 25 | $2.3M | $-50.3M | ||
| Q4 24 | $-45.5M | $-98.0K | ||
| Q3 24 | $24.6M | $33.2M | ||
| Q2 24 | $29.4M | $47.9M | ||
| Q1 24 | $26.3M | $-39.9M |
| Q4 25 | -24.6% | 14.1% | ||
| Q3 25 | -6.2% | 27.9% | ||
| Q2 25 | -6.1% | 16.8% | ||
| Q1 25 | 1.0% | -45.2% | ||
| Q4 24 | -18.8% | -0.1% | ||
| Q3 24 | 9.5% | 22.1% | ||
| Q2 24 | 10.7% | 29.9% | ||
| Q1 24 | 9.7% | -36.0% |
| Q4 25 | 33.0% | 9.2% | ||
| Q3 25 | 20.2% | 3.6% | ||
| Q2 25 | 16.1% | 4.0% | ||
| Q1 25 | 10.7% | 3.1% | ||
| Q4 24 | 34.3% | 7.2% | ||
| Q3 24 | 4.2% | 2.7% | ||
| Q2 24 | 3.8% | 2.8% | ||
| Q1 24 | 1.7% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
HTLD
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
