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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) 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 $73.9M, roughly 1.4× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -7.0%, a 33.9% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -4.9%).
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
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.
KPLT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $100.0M |
| Net Profit | $19.8M | $-7.0M |
| Gross Margin | 15.6% | 28.0% |
| Operating Margin | -1.4% | -10.7% |
| Net Margin | 26.8% | -7.0% |
| Revenue YoY | 17.3% | 14.5% |
| Net Profit YoY | 307.3% | 76.0% |
| EPS (diluted) | $3.69 | $-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 | $73.9M | $100.0M | ||
| Q3 25 | $74.0M | $161.9M | ||
| Q2 25 | $71.9M | $172.6M | ||
| Q1 25 | $71.9M | $111.4M | ||
| Q4 24 | $63.0M | $87.3M | ||
| Q3 24 | $60.3M | $150.5M | ||
| Q2 24 | $58.9M | $160.1M | ||
| Q1 24 | $65.1M | $110.6M |
| Q4 25 | $19.8M | $-7.0M | ||
| Q3 25 | $-4.9M | $8.1M | ||
| Q2 25 | $-7.8M | $16.0M | ||
| Q1 25 | $-5.7M | $-6.0M | ||
| Q4 24 | $-9.6M | $-29.2M | ||
| Q3 24 | $-8.9M | $5.9M | ||
| Q2 24 | $-6.9M | $13.3M | ||
| Q1 24 | $-570.0K | $-7.9M |
| Q4 25 | 15.6% | 28.0% | ||
| Q3 25 | 19.7% | 35.4% | ||
| Q2 25 | 15.5% | 37.1% | ||
| Q1 25 | 19.9% | 29.5% | ||
| Q4 24 | 11.8% | 24.6% | ||
| Q3 24 | 19.8% | 32.4% | ||
| Q2 24 | 16.9% | 33.1% | ||
| Q1 24 | 25.3% | 27.7% |
| Q4 25 | -1.4% | -10.7% | ||
| Q3 25 | 3.3% | 13.3% | ||
| Q2 25 | -2.0% | 14.3% | ||
| Q1 25 | -0.7% | -4.4% | ||
| Q4 24 | -7.7% | -14.9% | ||
| Q3 24 | -7.4% | 8.9% | ||
| Q2 24 | -4.5% | 12.5% | ||
| Q1 24 | 5.8% | -1.9% |
| Q4 25 | 26.8% | -7.0% | ||
| Q3 25 | -6.7% | 5.0% | ||
| Q2 25 | -10.9% | 9.3% | ||
| Q1 25 | -7.9% | -5.4% | ||
| Q4 24 | -15.2% | -33.4% | ||
| Q3 24 | -14.7% | 3.9% | ||
| Q2 24 | -11.7% | 8.3% | ||
| Q1 24 | -0.9% | -7.1% |
| Q4 25 | $3.69 | $-0.06 | ||
| Q3 25 | $-0.94 | $0.07 | ||
| Q2 25 | $-1.63 | $0.13 | ||
| Q1 25 | $-1.23 | $-0.05 | ||
| Q4 24 | $-2.17 | $-0.24 | ||
| Q3 24 | $-2.05 | $0.05 | ||
| Q2 24 | $-1.61 | $0.11 | ||
| Q1 24 | $-0.13 | $-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 | $22.4M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $-38.1M | $405.9M |
| Total Assets | $107.9M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $25.9M | — | ||
| Q2 24 | $33.7M | — | ||
| Q1 24 | $31.2M | — |
| 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 | $-38.1M | $405.9M | ||
| Q3 25 | $-58.4M | $408.4M | ||
| Q2 25 | $-54.1M | $398.4M | ||
| Q1 25 | $-51.7M | $381.1M | ||
| Q4 24 | $-46.8M | $387.2M | ||
| Q3 24 | $-40.3M | $416.6M | ||
| Q2 24 | $-32.9M | $408.1M | ||
| Q1 24 | $-27.5M | $391.8M |
| Q4 25 | $107.9M | $823.2M | ||
| Q3 25 | $85.9M | $844.4M | ||
| Q2 25 | $90.6M | $822.1M | ||
| Q1 25 | $88.5M | $824.6M | ||
| Q4 24 | $93.2M | $794.2M | ||
| Q3 24 | $92.0M | $853.4M | ||
| Q2 24 | $106.6M | $830.0M | ||
| Q1 24 | $106.6M | $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 | $-11.9M | $23.3M |
| Free Cash FlowOCF − Capex | $-12.0M | $14.1M |
| FCF MarginFCF / Revenue | -16.2% | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | -0.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.9M | $23.3M | ||
| Q3 25 | $4.0M | $51.0M | ||
| Q2 25 | $-6.6M | $36.0M | ||
| Q1 25 | $3.4M | $-46.9M | ||
| Q4 24 | $-32.6M | $6.2M | ||
| Q3 24 | $-5.4M | $37.2M | ||
| Q2 24 | $-628.0K | $52.4M | ||
| Q1 24 | $2.0M | $-34.5M |
| Q4 25 | $-12.0M | $14.1M | ||
| Q3 25 | $4.0M | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | $3.4M | $-50.3M | ||
| Q4 24 | $-32.6M | $-98.0K | ||
| Q3 24 | $-5.4M | $33.2M | ||
| Q2 24 | $-653.0K | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | -16.2% | 14.1% | ||
| Q3 25 | 5.4% | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | 4.7% | -45.2% | ||
| Q4 24 | -51.8% | -0.1% | ||
| Q3 24 | -9.0% | 22.1% | ||
| Q2 24 | -1.1% | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | 0.0% | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 0.0% | 4.0% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 0.1% | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.0% | 2.8% | ||
| Q1 24 | 0.0% | 4.8% |
| Q4 25 | -0.60× | — | ||
| 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
KPLT
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
