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Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 $86.7M, roughly 1.2× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs -7.0%, a 40.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -14.0%). Over the past eight quarters, LXP Industrial Trust's revenue compounded faster (0.3% CAGR vs -4.9%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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.
LXP vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $100.0M |
| Net Profit | $28.8M | $-7.0M |
| Gross Margin | 81.5% | 28.0% |
| Operating Margin | 34.6% | -10.7% |
| Net Margin | 33.2% | -7.0% |
| Revenue YoY | -14.0% | 14.5% |
| Net Profit YoY | — | 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 | $86.7M | $100.0M | ||
| Q3 25 | $86.9M | $161.9M | ||
| Q2 25 | $87.7M | $172.6M | ||
| Q1 25 | $88.9M | $111.4M | ||
| Q4 24 | $100.9M | $87.3M | ||
| Q3 24 | $85.6M | $150.5M | ||
| Q2 24 | $85.8M | $160.1M | ||
| Q1 24 | $86.3M | $110.6M |
| Q4 25 | $28.8M | $-7.0M | ||
| Q3 25 | $36.3M | $8.1M | ||
| Q2 25 | $29.1M | $16.0M | ||
| Q1 25 | $19.0M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $6.3M | $5.9M | ||
| Q2 24 | $5.4M | $13.3M | ||
| Q1 24 | $-269.0K | $-7.9M |
| Q4 25 | 81.5% | 28.0% | ||
| Q3 25 | 82.3% | 35.4% | ||
| Q2 25 | 81.9% | 37.1% | ||
| Q1 25 | 80.7% | 29.5% | ||
| Q4 24 | 85.3% | 24.6% | ||
| Q3 24 | 82.5% | 32.4% | ||
| Q2 24 | 82.0% | 33.1% | ||
| Q1 24 | 82.4% | 27.7% |
| Q4 25 | 34.6% | -10.7% | ||
| Q3 25 | 50.4% | 13.3% | ||
| Q2 25 | 33.7% | 14.3% | ||
| Q1 25 | 21.8% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | 7.9% | 8.9% | ||
| Q2 24 | 6.9% | 12.5% | ||
| Q1 24 | 1.0% | -1.9% |
| Q4 25 | 33.2% | -7.0% | ||
| Q3 25 | 41.7% | 5.0% | ||
| Q2 25 | 33.2% | 9.3% | ||
| Q1 25 | 21.4% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 7.4% | 3.9% | ||
| Q2 24 | 6.3% | 8.3% | ||
| Q1 24 | -0.3% | -7.1% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $0.12 | $0.07 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.06 | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $0.02 | $0.05 | ||
| Q2 24 | $0.01 | $0.11 | ||
| Q1 24 | $-0.01 | $-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 | $170.4M | — |
| Total DebtLower is stronger | $1.4B | $279.8M |
| Stockholders' EquityBook value | $2.0B | $405.9M |
| Total Assets | $3.5B | $823.2M |
| Debt / EquityLower = less leverage | 0.66× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | — | ||
| Q3 25 | $229.7M | — | ||
| Q2 25 | $71.0M | — | ||
| Q1 25 | $70.9M | — | ||
| Q4 24 | $101.8M | — | ||
| Q3 24 | $55.0M | — | ||
| Q2 24 | $48.7M | — | ||
| Q1 24 | $293.8M | — |
| Q4 25 | $1.4B | $279.8M | ||
| Q3 25 | $1.5B | $281.1M | ||
| Q2 25 | $1.5B | $281.5M | ||
| Q1 25 | $1.5B | $306.9M | ||
| Q4 24 | $1.6B | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $2.0B | $405.9M | ||
| Q3 25 | $2.1B | $408.4M | ||
| Q2 25 | $2.1B | $398.4M | ||
| Q1 25 | $2.1B | $381.1M | ||
| Q4 24 | $2.1B | $387.2M | ||
| Q3 24 | $2.1B | $416.6M | ||
| Q2 24 | $2.1B | $408.1M | ||
| Q1 24 | $2.2B | $391.8M |
| Q4 25 | $3.5B | $823.2M | ||
| Q3 25 | $3.7B | $844.4M | ||
| Q2 25 | $3.7B | $822.1M | ||
| Q1 25 | $3.8B | $824.6M | ||
| Q4 24 | $3.8B | $794.2M | ||
| Q3 24 | $3.9B | $853.4M | ||
| Q2 24 | $3.9B | $830.0M | ||
| Q1 24 | $4.2B | $808.6M |
| Q4 25 | 0.66× | 0.69× | ||
| Q3 25 | 0.72× | 0.69× | ||
| Q2 25 | 0.72× | 0.71× | ||
| Q1 25 | 0.73× | 0.81× | ||
| Q4 24 | 0.75× | 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 | $188.7M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $23.3M | ||
| Q3 25 | $63.5M | $51.0M | ||
| Q2 25 | $44.3M | $36.0M | ||
| Q1 25 | $39.0M | $-46.9M | ||
| Q4 24 | $211.2M | $6.2M | ||
| Q3 24 | $64.6M | $37.2M | ||
| Q2 24 | $38.5M | $52.4M | ||
| Q1 24 | $38.9M | $-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 | 6.56× | — | ||
| Q3 25 | 1.75× | 6.29× | ||
| Q2 25 | 1.52× | 2.25× | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | 6.32× | ||
| Q2 24 | 7.09× | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
