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Side-by-side financial comparison of KEWAUNEE SCIENTIFIC CORP (KEQU) 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 ($117.3M vs $70.1M, roughly 1.7× KEWAUNEE SCIENTIFIC CORP). KEWAUNEE SCIENTIFIC CORP runs the higher net margin — 3.5% vs -7.3%, a 10.8% gap on every dollar of revenue. On growth, KEWAUNEE SCIENTIFIC CORP posted the faster year-over-year revenue change (46.8% vs 5.3%). Over the past eight quarters, KEWAUNEE SCIENTIFIC CORP's revenue compounded faster (22.4% CAGR vs -14.4%).
Kewaunee Scientific Corporation designs, manufactures, and installs specialized laboratory furniture, fume hoods, and integrated laboratory infrastructure solutions. It serves clients across pharmaceutical, biotech, academic research, healthcare, and industrial R&D segments, with core operations in North America and a steadily expanding global customer base.
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.
KEQU vs SWIM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $70.1M | $117.3M |
| Net Profit | $2.4M | $-8.5M |
| Gross Margin | 28.1% | 31.7% |
| Operating Margin | 5.9% | — |
| Net Margin | 3.5% | -7.3% |
| Revenue YoY | 46.8% | 5.3% |
| Net Profit YoY | -18.7% | -43.1% |
| EPS (diluted) | $0.82 | $-0.07 |
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.
| Q1 26 | — | $117.3M | ||
| Q4 25 | $70.1M | $100.0M | ||
| Q3 25 | $71.1M | $161.9M | ||
| Q2 25 | $77.1M | $172.6M | ||
| Q1 25 | $67.2M | $111.4M | ||
| Q4 24 | $47.8M | $87.3M | ||
| Q3 24 | $48.4M | $150.5M | ||
| Q2 24 | $56.7M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $2.4M | $-7.0M | ||
| Q3 25 | $3.1M | $8.1M | ||
| Q2 25 | $4.8M | $16.0M | ||
| Q1 25 | $1.4M | $-6.0M | ||
| Q4 24 | $3.0M | $-29.2M | ||
| Q3 24 | $2.2M | $5.9M | ||
| Q2 24 | $11.0M | $13.3M |
| Q1 26 | — | 31.7% | ||
| Q4 25 | 28.1% | 28.0% | ||
| Q3 25 | 29.4% | 35.4% | ||
| Q2 25 | 31.2% | 37.1% | ||
| Q1 25 | 27.4% | 29.5% | ||
| Q4 24 | 29.2% | 24.6% | ||
| Q3 24 | 25.8% | 32.4% | ||
| Q2 24 | 25.8% | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | -10.7% | ||
| Q3 25 | 6.8% | 13.3% | ||
| Q2 25 | 11.0% | 14.3% | ||
| Q1 25 | 3.3% | -4.4% | ||
| Q4 24 | 9.3% | -14.9% | ||
| Q3 24 | 5.3% | 8.9% | ||
| Q2 24 | 9.8% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | 3.5% | -7.0% | ||
| Q3 25 | 4.3% | 5.0% | ||
| Q2 25 | 6.3% | 9.3% | ||
| Q1 25 | 2.0% | -5.4% | ||
| Q4 24 | 6.3% | -33.4% | ||
| Q3 24 | 4.5% | 3.9% | ||
| Q2 24 | 19.4% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.82 | $-0.06 | ||
| Q3 25 | $1.04 | $0.07 | ||
| Q2 25 | $1.63 | $0.13 | ||
| Q1 25 | $0.45 | $-0.05 | ||
| Q4 24 | $1.01 | $-0.24 | ||
| Q3 24 | $0.74 | $0.05 | ||
| Q2 24 | $3.74 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.6M | — |
| Total DebtLower is stronger | $35.3M | $3.3M |
| Stockholders' EquityBook value | $69.9M | $396.7M |
| Total Assets | $189.1M | $856.4M |
| Debt / EquityLower = less leverage | 0.50× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.6M | — | ||
| Q3 25 | $19.5M | — | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $9.5M | — | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $24.2M | — | ||
| Q2 24 | $23.3M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | $35.3M | $279.8M | ||
| Q3 25 | $37.4M | $281.1M | ||
| Q2 25 | $37.7M | $281.5M | ||
| Q1 25 | $38.0M | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | $69.9M | $405.9M | ||
| Q3 25 | $67.1M | $408.4M | ||
| Q2 25 | $64.5M | $398.4M | ||
| Q1 25 | $60.8M | $381.1M | ||
| Q4 24 | $59.3M | $387.2M | ||
| Q3 24 | $56.0M | $416.6M | ||
| Q2 24 | $54.8M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $189.1M | $823.2M | ||
| Q3 25 | $193.5M | $844.4M | ||
| Q2 25 | $194.7M | $822.1M | ||
| Q1 25 | $189.1M | $824.6M | ||
| Q4 24 | $134.5M | $794.2M | ||
| Q3 24 | $132.0M | $853.4M | ||
| Q2 24 | $134.8M | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.50× | 0.69× | ||
| Q3 25 | 0.56× | 0.69× | ||
| Q2 25 | 0.58× | 0.71× | ||
| Q1 25 | 0.62× | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | $-4.3M | $-47.7M |
| Free Cash FlowOCF − Capex | $-5.8M | — |
| FCF MarginFCF / Revenue | -8.3% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | -1.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $-4.3M | $23.3M | ||
| Q3 25 | $5.8M | $51.0M | ||
| Q2 25 | $9.4M | $36.0M | ||
| Q1 25 | $-2.3M | $-46.9M | ||
| Q4 24 | $8.4M | $6.2M | ||
| Q3 24 | $-794.0K | $37.2M | ||
| Q2 24 | $1.1M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-5.8M | $14.1M | ||
| Q3 25 | $5.0M | $45.2M | ||
| Q2 25 | $8.9M | $29.1M | ||
| Q1 25 | $-3.0M | $-50.3M | ||
| Q4 24 | $7.8M | $-98.0K | ||
| Q3 24 | $-1.1M | $33.2M | ||
| Q2 24 | $166.0K | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 14.1% | ||
| Q3 25 | 7.1% | 27.9% | ||
| Q2 25 | 11.5% | 16.8% | ||
| Q1 25 | -4.4% | -45.2% | ||
| Q4 24 | 16.2% | -0.1% | ||
| Q3 24 | -2.2% | 22.1% | ||
| Q2 24 | 0.3% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 9.2% | ||
| Q3 25 | 1.1% | 3.6% | ||
| Q2 25 | 0.7% | 4.0% | ||
| Q1 25 | 1.0% | 3.1% | ||
| Q4 24 | 1.4% | 7.2% | ||
| Q3 24 | 0.6% | 2.7% | ||
| Q2 24 | 1.7% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | -1.74× | — | ||
| Q3 25 | 1.87× | 6.29× | ||
| Q2 25 | 1.94× | 2.25× | ||
| Q1 25 | -1.67× | — | ||
| Q4 24 | 2.80× | — | ||
| Q3 24 | -0.36× | 6.32× | ||
| Q2 24 | 0.10× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEQU
| Transferred Over Time | $32.9M | 47% |
| Transferred At Point In Time | $22.3M | 32% |
| Other | $14.9M | 21% |
SWIM
Segment breakdown not available.
