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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) 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 $66.1M, roughly 1.5× Lulu's Fashion Lounge Holdings, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -48.2%, a 41.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -11.8%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-2.6M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -14.7%).
Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.
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.
LVLU vs SWIM — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $100.0M |
| Net Profit | $-31.9M | $-7.0M |
| Gross Margin | 37.9% | 28.0% |
| Operating Margin | -52.8% | -10.7% |
| Net Margin | -48.2% | -7.0% |
| Revenue YoY | -11.8% | 14.5% |
| Net Profit YoY | -340.9% | 76.0% |
| EPS (diluted) | $-13.46 | $-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 | — | $161.9M | ||
| Q2 25 | — | $172.6M | ||
| Q1 25 | — | $111.4M | ||
| Q4 24 | $66.1M | $87.3M | ||
| Q3 24 | $80.5M | $150.5M | ||
| Q2 24 | $92.0M | $160.1M | ||
| Q1 24 | $77.3M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | $-31.9M | $-29.2M | ||
| Q3 24 | $-6.9M | $5.9M | ||
| Q2 24 | $-10.8M | $13.3M | ||
| Q1 24 | $-5.7M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | 37.9% | 24.6% | ||
| Q3 24 | 38.1% | 32.4% | ||
| Q2 24 | 45.5% | 33.1% | ||
| Q1 24 | 42.3% | 27.7% |
| Q4 25 | — | -10.7% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | -52.8% | -14.9% | ||
| Q3 24 | -8.5% | 8.9% | ||
| Q2 24 | -4.9% | 12.5% | ||
| Q1 24 | -8.0% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | -48.2% | -33.4% | ||
| Q3 24 | -8.5% | 3.9% | ||
| Q2 24 | -11.7% | 8.3% | ||
| Q1 24 | -7.4% | -7.1% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | $-13.46 | $-0.24 | ||
| Q3 24 | $-2.47 | $0.05 | ||
| Q2 24 | $-3.92 | $0.11 | ||
| Q1 24 | $-0.15 | $-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 | $4.5M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $13.4M | $405.9M |
| Total Assets | $108.2M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $6.3M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $5.5M | — |
| 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 | — | $405.9M | ||
| Q3 25 | — | $408.4M | ||
| Q2 25 | — | $398.4M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | $13.4M | $387.2M | ||
| Q3 24 | $43.8M | $416.6M | ||
| Q2 24 | $48.7M | $408.1M | ||
| Q1 24 | $57.7M | $391.8M |
| Q4 25 | — | $823.2M | ||
| Q3 25 | — | $844.4M | ||
| Q2 25 | — | $822.1M | ||
| Q1 25 | — | $824.6M | ||
| Q4 24 | $108.2M | $794.2M | ||
| Q3 24 | $153.5M | $853.4M | ||
| Q2 24 | $145.3M | $830.0M | ||
| Q1 24 | $160.6M | $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 | $-2.5M | $23.3M |
| Free Cash FlowOCF − Capex | $-2.6M | $14.1M |
| FCF MarginFCF / Revenue | -3.9% | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.3M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $36.0M | ||
| Q1 25 | — | $-46.9M | ||
| Q4 24 | $-2.5M | $6.2M | ||
| Q3 24 | $-5.5M | $37.2M | ||
| Q2 24 | $3.7M | $52.4M | ||
| Q1 24 | $6.9M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | $-2.6M | $-98.0K | ||
| Q3 24 | $-5.9M | $33.2M | ||
| Q2 24 | $3.4M | $47.9M | ||
| Q1 24 | $6.4M | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | -3.9% | -0.1% | ||
| Q3 24 | -7.3% | 22.1% | ||
| Q2 24 | 3.7% | 29.9% | ||
| Q1 24 | 8.3% | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 0.0% | 7.2% | ||
| Q3 24 | 0.5% | 2.7% | ||
| Q2 24 | 0.4% | 2.8% | ||
| Q1 24 | 0.7% | 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
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
