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Side-by-side financial comparison of LifeMD, Inc. (LFMD) 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 $60.2M, roughly 1.7× LifeMD, Inc.). LifeMD, Inc. runs the higher net margin — -6.3% vs -7.0%, a 0.7% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 13.0%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-944.4K). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs -4.9%).
SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.
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.
LFMD vs SWIM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $60.2M | $100.0M |
| Net Profit | $-3.8M | $-7.0M |
| Gross Margin | 87.7% | 28.0% |
| Operating Margin | -3.3% | -10.7% |
| Net Margin | -6.3% | -7.0% |
| Revenue YoY | 13.0% | 14.5% |
| Net Profit YoY | 18.3% | 76.0% |
| EPS (diluted) | — | $-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 | — | $100.0M | ||
| Q3 25 | $60.2M | $161.9M | ||
| Q2 25 | $62.7M | $172.6M | ||
| Q1 25 | $64.1M | $111.4M | ||
| Q4 24 | — | $87.3M | ||
| Q3 24 | $53.3M | $150.5M | ||
| Q2 24 | $50.7M | $160.1M | ||
| Q1 24 | $44.1M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-3.8M | $8.1M | ||
| Q2 25 | $-1.6M | $16.0M | ||
| Q1 25 | $-183.8K | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-4.7M | $5.9M | ||
| Q2 24 | $-6.9M | $13.3M | ||
| Q1 24 | $-6.8M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | 87.7% | 35.4% | ||
| Q2 25 | 88.1% | 37.1% | ||
| Q1 25 | 86.5% | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 90.6% | 32.4% | ||
| Q2 24 | 90.1% | 33.1% | ||
| Q1 24 | 89.6% | 27.7% |
| Q4 25 | — | -10.7% | ||
| Q3 25 | -3.3% | 13.3% | ||
| Q2 25 | -0.7% | 14.3% | ||
| Q1 25 | 1.5% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | -7.5% | 8.9% | ||
| Q2 24 | -12.4% | 12.5% | ||
| Q1 24 | -14.0% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -6.3% | 5.0% | ||
| Q2 25 | -2.6% | 9.3% | ||
| Q1 25 | -0.3% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -8.7% | 3.9% | ||
| Q2 24 | -13.6% | 8.3% | ||
| Q1 24 | -15.3% | -7.1% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | $-0.05 | $0.13 | ||
| Q1 25 | $-0.02 | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $-0.13 | $0.05 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-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 | — | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.3M | $405.9M |
| Total Assets | $66.0M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $36.2M | — | ||
| Q1 25 | $34.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $37.6M | — | ||
| Q2 24 | $35.7M | — | ||
| Q1 24 | $35.1M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | $15.9M | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | — | $405.9M | ||
| Q3 25 | $1.3M | $408.4M | ||
| Q2 25 | $-1.8M | $398.4M | ||
| Q1 25 | $-2.3M | $381.1M | ||
| Q4 24 | — | $387.2M | ||
| Q3 24 | $-7.7M | $416.6M | ||
| Q2 24 | $-4.2M | $408.1M | ||
| Q1 24 | $-845.3K | $391.8M |
| Q4 25 | — | $823.2M | ||
| Q3 25 | $66.0M | $844.4M | ||
| Q2 25 | $73.6M | $822.1M | ||
| Q1 25 | $73.6M | $824.6M | ||
| Q4 24 | — | $794.2M | ||
| Q3 24 | $72.6M | $853.4M | ||
| Q2 24 | $63.8M | $830.0M | ||
| Q1 24 | $61.5M | $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 | $-147.1K | $23.3M |
| Free Cash FlowOCF − Capex | $-944.4K | $14.1M |
| FCF MarginFCF / Revenue | -1.6% | 14.1% |
| Capex IntensityCapex / Revenue | 1.3% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.3M | ||
| Q3 25 | $-147.1K | $51.0M | ||
| Q2 25 | $8.6M | $36.0M | ||
| Q1 25 | $3.1M | $-46.9M | ||
| Q4 24 | — | $6.2M | ||
| Q3 24 | $6.7M | $37.2M | ||
| Q2 24 | $4.5M | $52.4M | ||
| Q1 24 | $5.2M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | $-944.4K | $45.2M | ||
| Q2 25 | $7.8M | $29.1M | ||
| Q1 25 | $2.9M | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | $6.3M | $33.2M | ||
| Q2 24 | $3.9M | $47.9M | ||
| Q1 24 | $5.0M | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | -1.6% | 27.9% | ||
| Q2 25 | 12.5% | 16.8% | ||
| Q1 25 | 4.6% | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | 11.7% | 22.1% | ||
| Q2 24 | 7.7% | 29.9% | ||
| Q1 24 | 11.4% | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 0.8% | 2.7% | ||
| Q2 24 | 1.3% | 2.8% | ||
| Q1 24 | 0.4% | 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
LFMD
| Telehealth Subscription Revenue | $27.3M | 45% |
| Telehealth | $20.0M | 33% |
| Work Simpli Revenue | $12.9M | 21% |
| Product And Services | $2.5M | 4% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
