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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $100.0M, roughly 1.4× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -32.9%, a 25.9% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 14.5%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -4.9%).
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
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.
MXL vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $137.2M | $100.0M |
| Net Profit | $-45.1M | $-7.0M |
| Gross Margin | 57.5% | 28.0% |
| Operating Margin | 30.0% | -10.7% |
| Net Margin | -32.9% | -7.0% |
| Revenue YoY | 43.0% | 14.5% |
| Net Profit YoY | -203.0% | 76.0% |
| EPS (diluted) | $-0.52 | $-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.
| Q1 26 | $137.2M | — | ||
| Q4 25 | $136.4M | $100.0M | ||
| Q3 25 | $126.5M | $161.9M | ||
| Q2 25 | $108.8M | $172.6M | ||
| Q1 25 | $95.9M | $111.4M | ||
| Q4 24 | $92.2M | $87.3M | ||
| Q3 24 | $81.1M | $150.5M | ||
| Q2 24 | $92.0M | $160.1M |
| Q1 26 | $-45.1M | — | ||
| Q4 25 | $-14.9M | $-7.0M | ||
| Q3 25 | $-45.5M | $8.1M | ||
| Q2 25 | $-26.6M | $16.0M | ||
| Q1 25 | $-49.7M | $-6.0M | ||
| Q4 24 | $-57.8M | $-29.2M | ||
| Q3 24 | $-75.8M | $5.9M | ||
| Q2 24 | $-39.3M | $13.3M |
| Q1 26 | 57.5% | — | ||
| Q4 25 | 57.6% | 28.0% | ||
| Q3 25 | 56.9% | 35.4% | ||
| Q2 25 | 56.5% | 37.1% | ||
| Q1 25 | 56.1% | 29.5% | ||
| Q4 24 | 55.6% | 24.6% | ||
| Q3 24 | 54.4% | 32.4% | ||
| Q2 24 | 54.6% | 33.1% |
| Q1 26 | 30.0% | — | ||
| Q4 25 | -10.9% | -10.7% | ||
| Q3 25 | -32.7% | 13.3% | ||
| Q2 25 | -22.6% | 14.3% | ||
| Q1 25 | -48.0% | -4.4% | ||
| Q4 24 | -44.7% | -14.9% | ||
| Q3 24 | -82.3% | 8.9% | ||
| Q2 24 | -44.4% | 12.5% |
| Q1 26 | -32.9% | — | ||
| Q4 25 | -10.9% | -7.0% | ||
| Q3 25 | -36.0% | 5.0% | ||
| Q2 25 | -24.4% | 9.3% | ||
| Q1 25 | -51.8% | -5.4% | ||
| Q4 24 | -62.8% | -33.4% | ||
| Q3 24 | -93.4% | 3.9% | ||
| Q2 24 | -42.7% | 8.3% |
| Q1 26 | $-0.52 | — | ||
| Q4 25 | $-0.17 | $-0.06 | ||
| Q3 25 | $-0.52 | $0.07 | ||
| Q2 25 | $-0.31 | $0.13 | ||
| Q1 25 | $-0.58 | $-0.05 | ||
| Q4 24 | $-0.68 | $-0.24 | ||
| Q3 24 | $-0.90 | $0.05 | ||
| Q2 24 | $-0.47 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $61.1M | — |
| Total DebtLower is stronger | $123.8M | $279.8M |
| Stockholders' EquityBook value | $454.2M | $405.9M |
| Total Assets | $771.3M | $823.2M |
| Debt / EquityLower = less leverage | 0.27× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.1M | — | ||
| Q4 25 | $72.8M | — | ||
| Q3 25 | $111.9M | — | ||
| Q2 25 | $108.6M | — | ||
| Q1 25 | $102.8M | — | ||
| Q4 24 | $118.6M | — | ||
| Q3 24 | $148.5M | — | ||
| Q2 24 | $185.1M | — |
| Q1 26 | $123.8M | — | ||
| 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 26 | $454.2M | — | ||
| Q4 25 | $451.9M | $405.9M | ||
| Q3 25 | $464.7M | $408.4M | ||
| Q2 25 | $488.3M | $398.4M | ||
| Q1 25 | $493.2M | $381.1M | ||
| Q4 24 | $516.3M | $387.2M | ||
| Q3 24 | $556.9M | $416.6M | ||
| Q2 24 | $617.3M | $408.1M |
| Q1 26 | $771.3M | — | ||
| Q4 25 | $796.4M | $823.2M | ||
| Q3 25 | $808.1M | $844.4M | ||
| Q2 25 | $863.7M | $822.1M | ||
| Q1 25 | $855.3M | $824.6M | ||
| Q4 24 | $864.6M | $794.2M | ||
| Q3 24 | $895.3M | $853.4M | ||
| Q2 24 | $973.2M | $830.0M |
| Q1 26 | 0.27× | — | ||
| 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× |
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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.4M | $23.3M | ||
| Q3 25 | $10.1M | $51.0M | ||
| Q2 25 | $10.5M | $36.0M | ||
| Q1 25 | $-11.4M | $-46.9M | ||
| Q4 24 | $-27.8M | $6.2M | ||
| Q3 24 | $-30.7M | $37.2M | ||
| Q2 24 | $-2.7M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $6.7M | $14.1M | ||
| Q3 25 | $4.4M | $45.2M | ||
| Q2 25 | $9.3M | $29.1M | ||
| Q1 25 | $-13.4M | $-50.3M | ||
| Q4 24 | $-30.0M | $-98.0K | ||
| Q3 24 | $-34.9M | $33.2M | ||
| Q2 24 | $-5.7M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 14.1% | ||
| Q3 25 | 3.5% | 27.9% | ||
| Q2 25 | 8.6% | 16.8% | ||
| Q1 25 | -14.0% | -45.2% | ||
| Q4 24 | -32.6% | -0.1% | ||
| Q3 24 | -43.0% | 22.1% | ||
| Q2 24 | -6.2% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 9.2% | ||
| Q3 25 | 4.5% | 3.6% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 2.1% | 3.1% | ||
| Q4 24 | 2.4% | 7.2% | ||
| Q3 24 | 5.1% | 2.7% | ||
| Q2 24 | 3.3% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MXL
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
