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Side-by-side financial comparison of DORIAN LPG LTD. (LPG) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
DORIAN LPG LTD. is the larger business by last-quarter revenue ($120.0M vs $100.0M, roughly 1.2× Latham Group, Inc.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs -7.0%, a 46.4% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs 14.5%). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -7.9%).
Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.
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.
LPG vs SWIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.0M | $100.0M |
| Net Profit | $47.2M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 42.8% | -10.7% |
| Net Margin | 39.3% | -7.0% |
| Revenue YoY | 48.7% | 14.5% |
| Net Profit YoY | 120.9% | 76.0% |
| EPS (diluted) | $1.11 | $-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 | $120.0M | $100.0M | ||
| Q3 25 | $124.1M | $161.9M | ||
| Q2 25 | $84.2M | $172.6M | ||
| Q1 25 | $75.9M | $111.4M | ||
| Q4 24 | $80.7M | $87.3M | ||
| Q3 24 | $82.4M | $150.5M | ||
| Q2 24 | $114.4M | $160.1M | ||
| Q1 24 | $141.4M | $110.6M |
| Q4 25 | $47.2M | $-7.0M | ||
| Q3 25 | $55.4M | $8.1M | ||
| Q2 25 | $10.1M | $16.0M | ||
| Q1 25 | $8.1M | $-6.0M | ||
| Q4 24 | $21.4M | $-29.2M | ||
| Q3 24 | $9.4M | $5.9M | ||
| Q2 24 | $51.3M | $13.3M | ||
| Q1 24 | $79.2M | $-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 | 42.8% | -10.7% | ||
| Q3 25 | 47.8% | 13.3% | ||
| Q2 25 | 18.5% | 14.3% | ||
| Q1 25 | 19.4% | -4.4% | ||
| Q4 24 | 29.0% | -14.9% | ||
| Q3 24 | 23.2% | 8.9% | ||
| Q2 24 | 48.5% | 12.5% | ||
| Q1 24 | 58.3% | -1.9% |
| Q4 25 | 39.3% | -7.0% | ||
| Q3 25 | 44.6% | 5.0% | ||
| Q2 25 | 12.0% | 9.3% | ||
| Q1 25 | 10.7% | -5.4% | ||
| Q4 24 | 26.5% | -33.4% | ||
| Q3 24 | 11.4% | 3.9% | ||
| Q2 24 | 44.9% | 8.3% | ||
| Q1 24 | 56.0% | -7.1% |
| Q4 25 | $1.11 | $-0.06 | ||
| Q3 25 | $1.30 | $0.07 | ||
| Q2 25 | $0.24 | $0.13 | ||
| Q1 25 | $0.17 | $-0.05 | ||
| Q4 24 | $0.50 | $-0.24 | ||
| Q3 24 | $0.22 | $0.05 | ||
| Q2 24 | $1.25 | $0.11 | ||
| Q1 24 | $1.96 | $-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 | $294.5M | — |
| Total DebtLower is stronger | $513.2M | $279.8M |
| Stockholders' EquityBook value | $1.1B | $405.9M |
| Total Assets | $1.8B | $823.2M |
| Debt / EquityLower = less leverage | 0.47× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $294.5M | — | ||
| Q3 25 | $268.3M | — | ||
| Q2 25 | $277.9M | — | ||
| Q1 25 | $316.9M | — | ||
| Q4 24 | $314.5M | — | ||
| Q3 24 | $348.6M | — | ||
| Q2 24 | $353.3M | — | ||
| Q1 24 | $282.5M | — |
| Q4 25 | $513.2M | $279.8M | ||
| Q3 25 | $526.4M | $281.1M | ||
| Q2 25 | $539.6M | $281.5M | ||
| Q1 25 | $553.3M | $306.9M | ||
| Q4 24 | $565.9M | $281.5M | ||
| Q3 24 | $579.0M | $282.8M | ||
| Q2 24 | $592.1M | $282.4M | ||
| Q1 24 | $605.1M | $282.8M |
| Q4 25 | $1.1B | $405.9M | ||
| Q3 25 | $1.1B | $408.4M | ||
| Q2 25 | $1.0B | $398.4M | ||
| Q1 25 | $1.0B | $381.1M | ||
| Q4 24 | $1.1B | $387.2M | ||
| Q3 24 | $1.1B | $416.6M | ||
| Q2 24 | $1.1B | $408.1M | ||
| Q1 24 | $1.0B | $391.8M |
| Q4 25 | $1.8B | $823.2M | ||
| Q3 25 | $1.8B | $844.4M | ||
| Q2 25 | $1.7B | $822.1M | ||
| Q1 25 | $1.8B | $824.6M | ||
| Q4 24 | $1.8B | $794.2M | ||
| Q3 24 | $1.9B | $853.4M | ||
| Q2 24 | $1.9B | $830.0M | ||
| Q1 24 | $1.8B | $808.6M |
| Q4 25 | 0.47× | 0.69× | ||
| Q3 25 | 0.49× | 0.69× | ||
| Q2 25 | 0.52× | 0.71× | ||
| Q1 25 | 0.53× | 0.81× | ||
| Q4 24 | 0.53× | 0.73× | ||
| Q3 24 | 0.53× | 0.68× | ||
| Q2 24 | 0.53× | 0.69× | ||
| Q1 24 | 0.59× | 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 | $80.8M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 1.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.8M | $23.3M | ||
| Q3 25 | $46.4M | $51.0M | ||
| Q2 25 | $814.5K | $36.0M | ||
| Q1 25 | $50.2M | $-46.9M | ||
| Q4 24 | $24.3M | $6.2M | ||
| Q3 24 | $57.3M | $37.2M | ||
| Q2 24 | $41.2M | $52.4M | ||
| Q1 24 | $154.2M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | 1.71× | — | ||
| Q3 25 | 0.84× | 6.29× | ||
| Q2 25 | 0.08× | 2.25× | ||
| Q1 25 | 6.20× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 6.08× | 6.32× | ||
| Q2 24 | 0.80× | 3.95× | ||
| Q1 24 | 1.95× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPG
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
