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Side-by-side financial comparison of Inogen Inc (INGN) 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 $68.6M, roughly 1.5× Inogen Inc). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 3.4%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -4.9%).
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
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.
INGN vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 51.4% | 28.0% |
| Operating Margin | -13.6% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 3.4% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.26 | $-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 | $68.6M | $100.0M | ||
| Q3 25 | $79.1M | $161.9M | ||
| Q2 25 | $79.2M | $172.6M | ||
| Q1 25 | $68.5M | $111.4M | ||
| Q4 24 | $66.3M | $87.3M | ||
| Q3 24 | $74.9M | $150.5M | ||
| Q2 24 | $74.4M | $160.1M | ||
| Q1 24 | $63.1M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-5.3M | $8.1M | ||
| Q2 25 | $-4.2M | $16.0M | ||
| Q1 25 | $-6.2M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-6.0M | $5.9M | ||
| Q2 24 | $-5.6M | $13.3M | ||
| Q1 24 | $-14.6M | $-7.9M |
| Q4 25 | 51.4% | 28.0% | ||
| Q3 25 | 52.2% | 35.4% | ||
| Q2 25 | 52.2% | 37.1% | ||
| Q1 25 | 53.1% | 29.5% | ||
| Q4 24 | 54.7% | 24.6% | ||
| Q3 24 | 55.2% | 32.4% | ||
| Q2 24 | 57.4% | 33.1% | ||
| Q1 24 | 54.5% | 27.7% |
| Q4 25 | -13.6% | -10.7% | ||
| Q3 25 | -9.0% | 13.3% | ||
| Q2 25 | -7.7% | 14.3% | ||
| Q1 25 | -11.2% | -4.4% | ||
| Q4 24 | -17.2% | -14.9% | ||
| Q3 24 | -10.4% | 8.9% | ||
| Q2 24 | -9.5% | 12.5% | ||
| Q1 24 | -25.8% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -6.7% | 5.0% | ||
| Q2 25 | -5.2% | 9.3% | ||
| Q1 25 | -9.0% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -8.0% | 3.9% | ||
| Q2 24 | -7.5% | 8.3% | ||
| Q1 24 | -23.1% | -7.1% |
| Q4 25 | $-0.26 | $-0.06 | ||
| Q3 25 | $-0.20 | $0.07 | ||
| Q2 25 | $-0.15 | $0.13 | ||
| Q1 25 | $-0.25 | $-0.05 | ||
| Q4 24 | $-0.41 | $-0.24 | ||
| Q3 24 | $-0.25 | $0.05 | ||
| Q2 24 | $-0.24 | $0.11 | ||
| Q1 24 | $-0.62 | $-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 | $103.7M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $192.2M | $405.9M |
| Total Assets | $298.6M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $103.7M | — | ||
| Q1 25 | $118.9M | — | ||
| Q4 24 | $113.8M | — | ||
| Q3 24 | $105.7M | — | ||
| Q2 24 | $97.9M | — | ||
| Q1 24 | $107.4M | — |
| 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 | $192.2M | $405.9M | ||
| Q3 25 | $197.2M | $408.4M | ||
| Q2 25 | $199.5M | $398.4M | ||
| Q1 25 | $198.0M | $381.1M | ||
| Q4 24 | $173.9M | $387.2M | ||
| Q3 24 | $185.4M | $416.6M | ||
| Q2 24 | $187.6M | $408.1M | ||
| Q1 24 | $191.9M | $391.8M |
| Q4 25 | $298.6M | $823.2M | ||
| Q3 25 | $307.0M | $844.4M | ||
| Q2 25 | $312.0M | $822.1M | ||
| Q1 25 | $308.4M | $824.6M | ||
| Q4 24 | $296.2M | $794.2M | ||
| Q3 24 | $306.2M | $853.4M | ||
| Q2 24 | $308.9M | $830.0M | ||
| Q1 24 | $315.6M | $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 | $-943.0K | $23.3M |
| Free Cash FlowOCF − Capex | $-1.9M | $14.1M |
| FCF MarginFCF / Revenue | -2.8% | 14.1% |
| Capex IntensityCapex / Revenue | 1.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $23.3M | ||
| Q3 25 | $2.2M | $51.0M | ||
| Q2 25 | $4.3M | $36.0M | ||
| Q1 25 | $-16.8M | $-46.9M | ||
| Q4 24 | $-3.0M | $6.2M | ||
| Q3 24 | $7.0M | $37.2M | ||
| Q2 24 | $6.7M | $52.4M | ||
| Q1 24 | $-4.7M | $-34.5M |
| Q4 25 | $-1.9M | $14.1M | ||
| Q3 25 | $1.6M | $45.2M | ||
| Q2 25 | $3.7M | $29.1M | ||
| Q1 25 | $-17.1M | $-50.3M | ||
| Q4 24 | $-3.3M | $-98.0K | ||
| Q3 24 | $5.3M | $33.2M | ||
| Q2 24 | $6.6M | $47.9M | ||
| Q1 24 | $-6.1M | $-39.9M |
| Q4 25 | -2.8% | 14.1% | ||
| Q3 25 | 2.0% | 27.9% | ||
| Q2 25 | 4.6% | 16.8% | ||
| Q1 25 | -24.9% | -45.2% | ||
| Q4 24 | -5.0% | -0.1% | ||
| Q3 24 | 7.1% | 22.1% | ||
| Q2 24 | 8.9% | 29.9% | ||
| Q1 24 | -9.6% | -36.0% |
| Q4 25 | 1.4% | 9.2% | ||
| Q3 25 | 0.7% | 3.6% | ||
| Q2 25 | 0.9% | 4.0% | ||
| Q1 25 | 0.4% | 3.1% | ||
| Q4 24 | 0.5% | 7.2% | ||
| Q3 24 | 2.2% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 2.1% | 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
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
