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Side-by-side financial comparison of MEDIFAST INC (MED) 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 $75.1M, roughly 1.3× MEDIFAST INC). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -36.9%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-6.6M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -34.4%).
Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.
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.
MED vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 69.4% | 28.0% |
| Operating Margin | -10.4% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | -36.9% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-1.64 | $-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 | $75.1M | $100.0M | ||
| Q3 25 | $89.4M | $161.9M | ||
| Q2 25 | $105.6M | $172.6M | ||
| Q1 25 | $115.7M | $111.4M | ||
| Q4 24 | $119.0M | $87.3M | ||
| Q3 24 | $140.2M | $150.5M | ||
| Q2 24 | $168.6M | $160.1M | ||
| Q1 24 | $174.7M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-2.3M | $8.1M | ||
| Q2 25 | $2.5M | $16.0M | ||
| Q1 25 | $-772.0K | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $1.1M | $5.9M | ||
| Q2 24 | $-8.2M | $13.3M | ||
| Q1 24 | $8.3M | $-7.9M |
| Q4 25 | 69.4% | 28.0% | ||
| Q3 25 | 69.5% | 35.4% | ||
| Q2 25 | 72.6% | 37.1% | ||
| Q1 25 | 72.8% | 29.5% | ||
| Q4 24 | 74.1% | 24.6% | ||
| Q3 24 | 75.4% | 32.4% | ||
| Q2 24 | 73.2% | 33.1% | ||
| Q1 24 | 72.8% | 27.7% |
| Q4 25 | -10.4% | -10.7% | ||
| Q3 25 | -4.6% | 13.3% | ||
| Q2 25 | -1.0% | 14.3% | ||
| Q1 25 | -1.1% | -4.4% | ||
| Q4 24 | 0.6% | -14.9% | ||
| Q3 24 | 1.5% | 8.9% | ||
| Q2 24 | -4.7% | 12.5% | ||
| Q1 24 | 4.5% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -2.5% | 5.0% | ||
| Q2 25 | 2.3% | 9.3% | ||
| Q1 25 | -0.7% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 0.8% | 3.9% | ||
| Q2 24 | -4.8% | 8.3% | ||
| Q1 24 | 4.8% | -7.1% |
| Q4 25 | $-1.64 | $-0.06 | ||
| Q3 25 | $-0.21 | $0.07 | ||
| Q2 25 | $0.22 | $0.13 | ||
| Q1 25 | $-0.07 | $-0.05 | ||
| Q4 24 | $0.08 | $-0.24 | ||
| Q3 24 | $0.10 | $0.05 | ||
| Q2 24 | $-0.75 | $0.11 | ||
| Q1 24 | $0.76 | $-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 | $167.3M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $198.9M | $405.9M |
| Total Assets | $248.0M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | — | ||
| Q3 25 | $173.5M | — | ||
| Q2 25 | $162.7M | — | ||
| Q1 25 | $164.6M | — | ||
| Q4 24 | $162.3M | — | ||
| Q3 24 | $170.0M | — | ||
| Q2 24 | $163.5M | — | ||
| Q1 24 | $156.4M | — |
| 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 | $198.9M | $405.9M | ||
| Q3 25 | $214.7M | $408.4M | ||
| Q2 25 | $216.0M | $398.4M | ||
| Q1 25 | $211.0M | $381.1M | ||
| Q4 24 | $210.1M | $387.2M | ||
| Q3 24 | $207.3M | $416.6M | ||
| Q2 24 | $205.3M | $408.1M | ||
| Q1 24 | $211.0M | $391.8M |
| Q4 25 | $248.0M | $823.2M | ||
| Q3 25 | $268.2M | $844.4M | ||
| Q2 25 | $269.3M | $822.1M | ||
| Q1 25 | $280.0M | $824.6M | ||
| Q4 24 | $284.2M | $794.2M | ||
| Q3 24 | $291.2M | $853.4M | ||
| Q2 24 | $293.5M | $830.0M | ||
| Q1 24 | $302.8M | $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 | $-5.3M | $23.3M |
| Free Cash FlowOCF − Capex | $-6.6M | $14.1M |
| FCF MarginFCF / Revenue | -8.8% | 14.1% |
| Capex IntensityCapex / Revenue | 1.8% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.3M | $23.3M | ||
| Q3 25 | $12.1M | $51.0M | ||
| Q2 25 | $-3.4M | $36.0M | ||
| Q1 25 | $3.4M | $-46.9M | ||
| Q4 24 | $-4.9M | $6.2M | ||
| Q3 24 | $9.1M | $37.2M | ||
| Q2 24 | $13.1M | $52.4M | ||
| Q1 24 | $7.3M | $-34.5M |
| Q4 25 | $-6.6M | $14.1M | ||
| Q3 25 | $10.8M | $45.2M | ||
| Q2 25 | $-4.8M | $29.1M | ||
| Q1 25 | $1.9M | $-50.3M | ||
| Q4 24 | $-7.2M | $-98.0K | ||
| Q3 24 | $7.7M | $33.2M | ||
| Q2 24 | $11.1M | $47.9M | ||
| Q1 24 | $5.4M | $-39.9M |
| Q4 25 | -8.8% | 14.1% | ||
| Q3 25 | 12.0% | 27.9% | ||
| Q2 25 | -4.5% | 16.8% | ||
| Q1 25 | 1.6% | -45.2% | ||
| Q4 24 | -6.1% | -0.1% | ||
| Q3 24 | 5.5% | 22.1% | ||
| Q2 24 | 6.6% | 29.9% | ||
| Q1 24 | 3.1% | -36.0% |
| Q4 25 | 1.8% | 9.2% | ||
| Q3 25 | 1.5% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 1.3% | 3.1% | ||
| Q4 24 | 1.9% | 7.2% | ||
| Q3 24 | 1.0% | 2.7% | ||
| Q2 24 | 1.1% | 2.8% | ||
| Q1 24 | 1.1% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | -1.36× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.04× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | 0.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MED
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
