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Side-by-side financial comparison of MasterCraft Boat Holdings, Inc. (MCFT) 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 $71.8M, roughly 1.4× MasterCraft Boat Holdings, Inc.). MasterCraft Boat Holdings, Inc. runs the higher net margin — 3.5% vs -7.0%, a 10.5% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 13.2%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $14.0M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -7.6%).
The MasterCraft Boat Company is an American manufacturer of luxury high-performance boats. The company was founded in 1968 in Maryville, Tennessee, and is currently headquartered in Vonore, Tennessee. MasterCraft boats are used in waterskiing, wakeboarding and wake surfing.
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.
MCFT vs SWIM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $71.8M | $100.0M |
| Net Profit | $2.5M | $-7.0M |
| Gross Margin | 21.6% | 28.0% |
| Operating Margin | 3.8% | -10.7% |
| Net Margin | 3.5% | -7.0% |
| Revenue YoY | 13.2% | 14.5% |
| Net Profit YoY | -8.0% | 76.0% |
| EPS (diluted) | $0.16 | $-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 | $71.8M | $100.0M | ||
| Q3 25 | $69.0M | $161.9M | ||
| Q2 25 | $79.5M | $172.6M | ||
| Q1 25 | $76.0M | $111.4M | ||
| Q4 24 | $63.4M | $87.3M | ||
| Q3 24 | $65.4M | $150.5M | ||
| Q2 24 | $94.3M | $160.1M | ||
| Q1 24 | $84.0M | $110.6M |
| Q4 25 | $2.5M | $-7.0M | ||
| Q3 25 | $3.6M | $8.1M | ||
| Q2 25 | $5.7M | $16.0M | ||
| Q1 25 | $3.7M | $-6.0M | ||
| Q4 24 | $2.7M | $-29.2M | ||
| Q3 24 | $-5.1M | $5.9M | ||
| Q2 24 | $6.2M | $13.3M | ||
| Q1 24 | $3.8M | $-7.9M |
| Q4 25 | 21.6% | 28.0% | ||
| Q3 25 | 22.3% | 35.4% | ||
| Q2 25 | 23.2% | 37.1% | ||
| Q1 25 | 20.8% | 29.5% | ||
| Q4 24 | 17.2% | 24.6% | ||
| Q3 24 | 18.1% | 32.4% | ||
| Q2 24 | 23.8% | 33.1% | ||
| Q1 24 | 23.3% | 27.7% |
| Q4 25 | 3.8% | -10.7% | ||
| Q3 25 | 5.5% | 13.3% | ||
| Q2 25 | 7.5% | 14.3% | ||
| Q1 25 | 5.4% | -4.4% | ||
| Q4 24 | 0.3% | -14.9% | ||
| Q3 24 | 1.5% | 8.9% | ||
| Q2 24 | 11.2% | 12.5% | ||
| Q1 24 | 8.0% | -1.9% |
| Q4 25 | 3.5% | -7.0% | ||
| Q3 25 | 5.3% | 5.0% | ||
| Q2 25 | 7.2% | 9.3% | ||
| Q1 25 | 4.9% | -5.4% | ||
| Q4 24 | 4.3% | -33.4% | ||
| Q3 24 | -7.9% | 3.9% | ||
| Q2 24 | 6.6% | 8.3% | ||
| Q1 24 | 4.5% | -7.1% |
| Q4 25 | $0.16 | $-0.06 | ||
| Q3 25 | $0.22 | $0.07 | ||
| Q2 25 | $0.34 | $0.13 | ||
| Q1 25 | $0.23 | $-0.05 | ||
| Q4 24 | $0.17 | $-0.24 | ||
| Q3 24 | $-0.31 | $0.05 | ||
| Q2 24 | $0.38 | $0.11 | ||
| Q1 24 | $0.22 | $-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 | $81.4M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $189.1M | $405.9M |
| Total Assets | $259.7M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.4M | — | ||
| Q3 25 | $67.3M | — | ||
| Q2 25 | $79.4M | — | ||
| Q1 25 | $66.5M | — | ||
| Q4 24 | $62.9M | — | ||
| Q3 24 | $14.2M | — | ||
| Q2 24 | $86.2M | — | ||
| Q1 24 | $22.5M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | $49.5M | $282.8M | ||
| Q2 24 | $49.3M | $282.4M | ||
| Q1 24 | $50.4M | $282.8M |
| Q4 25 | $189.1M | $405.9M | ||
| Q3 25 | $185.5M | $408.4M | ||
| Q2 25 | $183.4M | $398.4M | ||
| Q1 25 | $182.1M | $381.1M | ||
| Q4 24 | $178.3M | $387.2M | ||
| Q3 24 | $175.4M | $416.6M | ||
| Q2 24 | $183.7M | $408.1M | ||
| Q1 24 | $196.9M | $391.8M |
| Q4 25 | $259.7M | $823.2M | ||
| Q3 25 | $259.3M | $844.4M | ||
| Q2 25 | $259.9M | $822.1M | ||
| Q1 25 | $261.9M | $824.6M | ||
| Q4 24 | $250.1M | $794.2M | ||
| Q3 24 | $309.1M | $853.4M | ||
| Q2 24 | $259.9M | $830.0M | ||
| Q1 24 | $340.9M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | 0.28× | 0.68× | ||
| Q2 24 | 0.27× | 0.69× | ||
| Q1 24 | 0.26× | 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 | $15.6M | $23.3M |
| Free Cash FlowOCF − Capex | $14.0M | $14.1M |
| FCF MarginFCF / Revenue | 19.5% | 14.1% |
| Capex IntensityCapex / Revenue | 2.3% | 9.2% |
| Cash ConversionOCF / Net Profit | 6.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.2M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $23.3M | ||
| Q3 25 | $-6.8M | $51.0M | ||
| Q2 25 | $20.4M | $36.0M | ||
| Q1 25 | $6.3M | $-46.9M | ||
| Q4 24 | $6.4M | $6.2M | ||
| Q3 24 | $2.4M | $37.2M | ||
| Q2 24 | — | $52.4M | ||
| Q1 24 | $3.6M | $-34.5M |
| Q4 25 | $14.0M | $14.1M | ||
| Q3 25 | $-9.9M | $45.2M | ||
| Q2 25 | $17.9M | $29.1M | ||
| Q1 25 | $4.3M | $-50.3M | ||
| Q4 24 | $4.0M | $-98.0K | ||
| Q3 24 | $199.0K | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | $453.0K | $-39.9M |
| Q4 25 | 19.5% | 14.1% | ||
| Q3 25 | -14.4% | 27.9% | ||
| Q2 25 | 22.5% | 16.8% | ||
| Q1 25 | 5.7% | -45.2% | ||
| Q4 24 | 6.4% | -0.1% | ||
| Q3 24 | 0.3% | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | 0.5% | -36.0% |
| Q4 25 | 2.3% | 9.2% | ||
| Q3 25 | 4.5% | 3.6% | ||
| Q2 25 | 3.3% | 4.0% | ||
| Q1 25 | 2.6% | 3.1% | ||
| Q4 24 | 3.8% | 7.2% | ||
| Q3 24 | 3.4% | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | 3.8% | 4.8% |
| Q4 25 | 6.17× | — | ||
| Q3 25 | -1.88× | 6.29× | ||
| Q2 25 | 3.59× | 2.25× | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | 0.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCFT
| Boats And Trailers | $59.5M | 83% |
| Pontoon | $10.0M | 14% |
| Parts | $1.7M | 2% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
