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Side-by-side financial comparison of N-able, Inc. (NABL) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $100.0M, roughly 1.3× Latham Group, Inc.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 11.8%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $14.1M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs -4.9%).
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
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.
NABL vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $130.3M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 76.2% | 28.0% |
| Operating Margin | 10.2% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 11.8% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $-0.04 | $-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 | $130.3M | $100.0M | ||
| Q3 25 | $131.7M | $161.9M | ||
| Q2 25 | $131.2M | $172.6M | ||
| Q1 25 | $118.2M | $111.4M | ||
| Q4 24 | $116.5M | $87.3M | ||
| Q3 24 | $116.4M | $150.5M | ||
| Q2 24 | $119.4M | $160.1M | ||
| Q1 24 | $113.7M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $1.4M | $8.1M | ||
| Q2 25 | $-4.0M | $16.0M | ||
| Q1 25 | $-7.2M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $10.8M | $5.9M | ||
| Q2 24 | $9.5M | $13.3M | ||
| Q1 24 | $7.5M | $-7.9M |
| Q4 25 | 76.2% | 28.0% | ||
| Q3 25 | 77.5% | 35.4% | ||
| Q2 25 | 78.1% | 37.1% | ||
| Q1 25 | 76.6% | 29.5% | ||
| Q4 24 | 80.0% | 24.6% | ||
| Q3 24 | 82.9% | 32.4% | ||
| Q2 24 | 84.0% | 33.1% | ||
| Q1 24 | 83.9% | 27.7% |
| Q4 25 | 10.2% | -10.7% | ||
| Q3 25 | 8.8% | 13.3% | ||
| Q2 25 | 7.7% | 14.3% | ||
| Q1 25 | 1.5% | -4.4% | ||
| Q4 24 | 13.7% | -14.9% | ||
| Q3 24 | 20.5% | 8.9% | ||
| Q2 24 | 18.4% | 12.5% | ||
| Q1 24 | 18.0% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 1.1% | 5.0% | ||
| Q2 25 | -3.1% | 9.3% | ||
| Q1 25 | -6.1% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 9.2% | 3.9% | ||
| Q2 24 | 7.9% | 8.3% | ||
| Q1 24 | 6.6% | -7.1% |
| Q4 25 | $-0.04 | $-0.06 | ||
| Q3 25 | $0.01 | $0.07 | ||
| Q2 25 | $-0.02 | $0.13 | ||
| Q1 25 | $-0.04 | $-0.05 | ||
| Q4 24 | $0.01 | $-0.24 | ||
| Q3 24 | $0.06 | $0.05 | ||
| Q2 24 | $0.05 | $0.11 | ||
| Q1 24 | $0.04 | $-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 | $111.8M | — |
| Total DebtLower is stronger | $393.9M | $279.8M |
| Stockholders' EquityBook value | $804.7M | $405.9M |
| Total Assets | $1.4B | $823.2M |
| Debt / EquityLower = less leverage | 0.49× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | — | ||
| Q3 25 | $101.4M | — | ||
| Q2 25 | $93.9M | — | ||
| Q1 25 | $94.1M | — | ||
| Q4 24 | $85.2M | — | ||
| Q3 24 | $174.4M | — | ||
| Q2 24 | $157.5M | — | ||
| Q1 24 | $139.2M | — |
| Q4 25 | $393.9M | $279.8M | ||
| Q3 25 | $331.7M | $281.1M | ||
| Q2 25 | $332.1M | $281.5M | ||
| Q1 25 | $332.6M | $306.9M | ||
| Q4 24 | $333.1M | $281.5M | ||
| Q3 24 | $333.6M | $282.8M | ||
| Q2 24 | $334.1M | $282.4M | ||
| Q1 24 | $334.5M | $282.8M |
| Q4 25 | $804.7M | $405.9M | ||
| Q3 25 | $813.4M | $408.4M | ||
| Q2 25 | $809.4M | $398.4M | ||
| Q1 25 | $775.1M | $381.1M | ||
| Q4 24 | $759.3M | $387.2M | ||
| Q3 24 | $765.0M | $416.6M | ||
| Q2 24 | $724.4M | $408.1M | ||
| Q1 24 | $709.1M | $391.8M |
| Q4 25 | $1.4B | $823.2M | ||
| Q3 25 | $1.4B | $844.4M | ||
| Q2 25 | $1.4B | $822.1M | ||
| Q1 25 | $1.4B | $824.6M | ||
| Q4 24 | $1.3B | $794.2M | ||
| Q3 24 | $1.2B | $853.4M | ||
| Q2 24 | $1.2B | $830.0M | ||
| Q1 24 | $1.1B | $808.6M |
| Q4 25 | 0.49× | 0.69× | ||
| Q3 25 | 0.41× | 0.69× | ||
| Q2 25 | 0.41× | 0.71× | ||
| Q1 25 | 0.43× | 0.81× | ||
| Q4 24 | 0.44× | 0.73× | ||
| Q3 24 | 0.44× | 0.68× | ||
| Q2 24 | 0.46× | 0.69× | ||
| Q1 24 | 0.47× | 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 | $25.3M | $23.3M |
| Free Cash FlowOCF − Capex | $20.9M | $14.1M |
| FCF MarginFCF / Revenue | 16.0% | 14.1% |
| Capex IntensityCapex / Revenue | 3.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.3M | $23.3M | ||
| Q3 25 | $24.0M | $51.0M | ||
| Q2 25 | $24.2M | $36.0M | ||
| Q1 25 | $19.7M | $-46.9M | ||
| Q4 24 | $26.0M | $6.2M | ||
| Q3 24 | $22.0M | $37.2M | ||
| Q2 24 | $27.3M | $52.4M | ||
| Q1 24 | $4.2M | $-34.5M |
| Q4 25 | $20.9M | $14.1M | ||
| Q3 25 | $17.4M | $45.2M | ||
| Q2 25 | $20.4M | $29.1M | ||
| Q1 25 | $16.4M | $-50.3M | ||
| Q4 24 | $18.8M | $-98.0K | ||
| Q3 24 | $18.2M | $33.2M | ||
| Q2 24 | $24.0M | $47.9M | ||
| Q1 24 | $746.0K | $-39.9M |
| Q4 25 | 16.0% | 14.1% | ||
| Q3 25 | 13.2% | 27.9% | ||
| Q2 25 | 15.5% | 16.8% | ||
| Q1 25 | 13.9% | -45.2% | ||
| Q4 24 | 16.2% | -0.1% | ||
| Q3 24 | 15.7% | 22.1% | ||
| Q2 24 | 20.1% | 29.9% | ||
| Q1 24 | 0.7% | -36.0% |
| Q4 25 | 3.4% | 9.2% | ||
| Q3 25 | 5.0% | 3.6% | ||
| Q2 25 | 2.9% | 4.0% | ||
| Q1 25 | 2.8% | 3.1% | ||
| Q4 24 | 6.1% | 7.2% | ||
| Q3 24 | 3.2% | 2.7% | ||
| Q2 24 | 2.7% | 2.8% | ||
| Q1 24 | 3.0% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 17.36× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.04× | 6.32× | ||
| Q2 24 | 2.89× | 3.95× | ||
| Q1 24 | 0.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
