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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) 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 $84.3M, roughly 1.2× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs -7.0%, a 130.0% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 14.5%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $14.1M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs -4.9%).
LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.
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.
LTC vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.3M | $100.0M |
| Net Profit | $103.7M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 123.0% | -7.0% |
| Revenue YoY | 60.3% | 14.5% |
| Net Profit YoY | 429.1% | 76.0% |
| EPS (diluted) | $2.19 | $-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 | $84.3M | $100.0M | ||
| Q3 25 | $69.3M | $161.9M | ||
| Q2 25 | $60.2M | $172.6M | ||
| Q1 25 | $49.0M | $111.4M | ||
| Q4 24 | $52.6M | $87.3M | ||
| Q3 24 | $55.8M | $150.5M | ||
| Q2 24 | $50.1M | $160.1M | ||
| Q1 24 | $51.4M | $110.6M |
| Q4 25 | $103.7M | $-7.0M | ||
| Q3 25 | $-20.0M | $8.1M | ||
| Q2 25 | $15.1M | $16.0M | ||
| Q1 25 | $20.7M | $-6.0M | ||
| Q4 24 | $19.6M | $-29.2M | ||
| Q3 24 | $29.4M | $5.9M | ||
| Q2 24 | $19.4M | $13.3M | ||
| Q1 24 | $24.2M | $-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 | — | -10.7% | ||
| Q3 25 | 71.9% | 13.3% | ||
| Q2 25 | 80.5% | 14.3% | ||
| Q1 25 | 37.8% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | 95.5% | 8.9% | ||
| Q2 24 | 38.0% | 12.5% | ||
| Q1 24 | 47.3% | -1.9% |
| Q4 25 | 123.0% | -7.0% | ||
| Q3 25 | -28.9% | 5.0% | ||
| Q2 25 | 25.1% | 9.3% | ||
| Q1 25 | 42.2% | -5.4% | ||
| Q4 24 | 37.3% | -33.4% | ||
| Q3 24 | 52.6% | 3.9% | ||
| Q2 24 | 38.6% | 8.3% | ||
| Q1 24 | 47.2% | -7.1% |
| Q4 25 | $2.19 | $-0.06 | ||
| Q3 25 | $-0.44 | $0.07 | ||
| Q2 25 | $0.32 | $0.13 | ||
| Q1 25 | $0.45 | $-0.05 | ||
| Q4 24 | $0.38 | $-0.24 | ||
| Q3 24 | $0.66 | $0.05 | ||
| Q2 24 | $0.44 | $0.11 | ||
| Q1 24 | $0.56 | $-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 | $14.4M | — |
| Total DebtLower is stronger | $842.2M | $279.8M |
| Stockholders' EquityBook value | $1.1B | $405.9M |
| Total Assets | $2.1B | $823.2M |
| Debt / EquityLower = less leverage | 0.78× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | — | ||
| Q3 25 | $17.9M | — | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | $23.3M | — | ||
| Q4 24 | $9.4M | — | ||
| Q3 24 | $35.0M | — | ||
| Q2 24 | $6.2M | — | ||
| Q1 24 | $9.0M | — |
| Q4 25 | $842.2M | $279.8M | ||
| Q3 25 | $944.5M | $281.1M | ||
| Q2 25 | $696.5M | $281.5M | ||
| Q1 25 | $682.2M | $306.9M | ||
| Q4 24 | $684.6M | $281.5M | ||
| Q3 24 | $785.3M | $282.8M | ||
| Q2 24 | $861.0M | $282.4M | ||
| Q1 24 | $860.2M | $282.8M |
| Q4 25 | $1.1B | $405.9M | ||
| Q3 25 | $957.9M | $408.4M | ||
| Q2 25 | $957.5M | $398.4M | ||
| Q1 25 | $961.9M | $381.1M | ||
| Q4 24 | $960.6M | $387.2M | ||
| Q3 24 | $947.8M | $416.6M | ||
| Q2 24 | $889.1M | $408.1M | ||
| Q1 24 | $886.2M | $391.8M |
| Q4 25 | $2.1B | $823.2M | ||
| Q3 25 | $2.0B | $844.4M | ||
| Q2 25 | $1.8B | $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 | 0.78× | 0.69× | ||
| Q3 25 | 0.99× | 0.69× | ||
| Q2 25 | 0.73× | 0.71× | ||
| Q1 25 | 0.71× | 0.81× | ||
| Q4 24 | 0.71× | 0.73× | ||
| Q3 24 | 0.83× | 0.68× | ||
| Q2 24 | 0.97× | 0.69× | ||
| Q1 24 | 0.97× | 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 | $136.0M | $23.3M |
| Free Cash FlowOCF − Capex | $128.7M | $14.1M |
| FCF MarginFCF / Revenue | 152.7% | 14.1% |
| Capex IntensityCapex / Revenue | 8.6% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $220.1M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $136.0M | $23.3M | ||
| Q3 25 | $38.4M | $51.0M | ||
| Q2 25 | $30.0M | $36.0M | ||
| Q1 25 | $29.6M | $-46.9M | ||
| Q4 24 | $125.9M | $6.2M | ||
| Q3 24 | $34.0M | $37.2M | ||
| Q2 24 | $37.0M | $52.4M | ||
| Q1 24 | $21.1M | $-34.5M |
| Q4 25 | $128.7M | $14.1M | ||
| Q3 25 | $34.3M | $45.2M | ||
| Q2 25 | $28.9M | $29.1M | ||
| Q1 25 | $28.2M | $-50.3M | ||
| Q4 24 | $112.2M | $-98.0K | ||
| Q3 24 | $27.7M | $33.2M | ||
| Q2 24 | $34.7M | $47.9M | ||
| Q1 24 | $19.7M | $-39.9M |
| Q4 25 | 152.7% | 14.1% | ||
| Q3 25 | 49.4% | 27.9% | ||
| Q2 25 | 47.9% | 16.8% | ||
| Q1 25 | 57.6% | -45.2% | ||
| Q4 24 | 213.4% | -0.1% | ||
| Q3 24 | 49.7% | 22.1% | ||
| Q2 24 | 69.1% | 29.9% | ||
| Q1 24 | 38.4% | -36.0% |
| Q4 25 | 8.6% | 9.2% | ||
| Q3 25 | 6.0% | 3.6% | ||
| Q2 25 | 1.9% | 4.0% | ||
| Q1 25 | 2.7% | 3.1% | ||
| Q4 24 | 26.0% | 7.2% | ||
| Q3 24 | 11.2% | 2.7% | ||
| Q2 24 | 4.6% | 2.8% | ||
| Q1 24 | 2.6% | 4.8% |
| Q4 25 | 1.31× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 1.99× | 2.25× | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | — | ||
| Q3 24 | 1.16× | 6.32× | ||
| Q2 24 | 1.91× | 3.95× | ||
| Q1 24 | 0.87× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
