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Side-by-side financial comparison of NPK International Inc. (NPKI) 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 $75.2M, roughly 1.3× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $5.8M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs -4.9%).
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.
NPKI vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.2M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 37.7% | 28.0% |
| Operating Margin | 16.7% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 30.7% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $0.17 | $-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 | $75.2M | $100.0M | ||
| Q3 25 | $68.8M | $161.9M | ||
| Q2 25 | $68.2M | $172.6M | ||
| Q1 25 | $64.8M | $111.4M | ||
| Q4 24 | $57.5M | $87.3M | ||
| Q3 24 | $44.2M | $150.5M | ||
| Q2 24 | $66.8M | $160.1M | ||
| Q1 24 | $49.0M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $5.7M | $8.1M | ||
| Q2 25 | $8.7M | $16.0M | ||
| Q1 25 | $10.0M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-174.3M | $5.9M | ||
| Q2 24 | $8.0M | $13.3M | ||
| Q1 24 | $7.3M | $-7.9M |
| Q4 25 | 37.7% | 28.0% | ||
| Q3 25 | 31.9% | 35.4% | ||
| Q2 25 | 36.9% | 37.1% | ||
| Q1 25 | 39.0% | 29.5% | ||
| Q4 24 | 39.2% | 24.6% | ||
| Q3 24 | 27.5% | 32.4% | ||
| Q2 24 | 37.2% | 33.1% | ||
| Q1 24 | 36.0% | 27.7% |
| Q4 25 | 16.7% | -10.7% | ||
| Q3 25 | 13.2% | 13.3% | ||
| Q2 25 | 17.0% | 14.3% | ||
| Q1 25 | 20.9% | -4.4% | ||
| Q4 24 | 20.2% | -14.9% | ||
| Q3 24 | 2.8% | 8.9% | ||
| Q2 24 | 18.7% | 12.5% | ||
| Q1 24 | 14.2% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 8.2% | 5.0% | ||
| Q2 25 | 12.7% | 9.3% | ||
| Q1 25 | 15.4% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -394.3% | 3.9% | ||
| Q2 24 | 12.0% | 8.3% | ||
| Q1 24 | 14.9% | -7.1% |
| Q4 25 | $0.17 | $-0.06 | ||
| Q3 25 | $0.07 | $0.07 | ||
| Q2 25 | $0.10 | $0.13 | ||
| Q1 25 | $0.11 | $-0.05 | ||
| Q4 24 | $0.10 | $-0.24 | ||
| Q3 24 | $-1.99 | $0.05 | ||
| Q2 24 | $0.09 | $0.11 | ||
| Q1 24 | $0.08 | $-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 | $5.1M | — |
| Total DebtLower is stronger | $16.9M | $279.8M |
| Stockholders' EquityBook value | $351.2M | $405.9M |
| Total Assets | $441.8M | $823.2M |
| Debt / EquityLower = less leverage | 0.05× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | — | ||
| Q3 25 | $35.6M | — | ||
| Q2 25 | $26.0M | — | ||
| Q1 25 | $20.8M | — | ||
| Q4 24 | $17.8M | — | ||
| Q3 24 | $42.9M | — | ||
| Q2 24 | $35.1M | — | ||
| Q1 24 | $37.7M | — |
| Q4 25 | $16.9M | $279.8M | ||
| Q3 25 | $9.5M | $281.1M | ||
| Q2 25 | $9.3M | $281.5M | ||
| Q1 25 | $8.1M | $306.9M | ||
| Q4 24 | $7.7M | $281.5M | ||
| Q3 24 | $14.0M | $282.8M | ||
| Q2 24 | $58.0M | $282.4M | ||
| Q1 24 | $77.4M | $282.8M |
| Q4 25 | $351.2M | $405.9M | ||
| Q3 25 | $333.9M | $408.4M | ||
| Q2 25 | $328.8M | $398.4M | ||
| Q1 25 | $326.9M | $381.1M | ||
| Q4 24 | $326.5M | $387.2M | ||
| Q3 24 | $316.5M | $416.6M | ||
| Q2 24 | $426.6M | $408.1M | ||
| Q1 24 | $421.6M | $391.8M |
| Q4 25 | $441.8M | $823.2M | ||
| Q3 25 | $404.5M | $844.4M | ||
| Q2 25 | $393.7M | $822.1M | ||
| Q1 25 | $390.0M | $824.6M | ||
| Q4 24 | $393.7M | $794.2M | ||
| Q3 24 | $389.6M | $853.4M | ||
| Q2 24 | $624.8M | $830.0M | ||
| Q1 24 | $640.8M | $808.6M |
| Q4 25 | 0.05× | 0.69× | ||
| Q3 25 | 0.03× | 0.69× | ||
| Q2 25 | 0.03× | 0.71× | ||
| Q1 25 | 0.02× | 0.81× | ||
| Q4 24 | 0.02× | 0.73× | ||
| Q3 24 | 0.04× | 0.68× | ||
| Q2 24 | 0.14× | 0.69× | ||
| Q1 24 | 0.18× | 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 | $18.0M | $23.3M |
| Free Cash FlowOCF − Capex | $5.8M | $14.1M |
| FCF MarginFCF / Revenue | 7.6% | 14.1% |
| Capex IntensityCapex / Revenue | 16.3% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.0M | $23.3M | ||
| Q3 25 | $24.7M | $51.0M | ||
| Q2 25 | $21.4M | $36.0M | ||
| Q1 25 | $8.8M | $-46.9M | ||
| Q4 24 | $-4.1M | $6.2M | ||
| Q3 24 | $2.8M | $37.2M | ||
| Q2 24 | $27.6M | $52.4M | ||
| Q1 24 | $11.9M | $-34.5M |
| Q4 25 | $5.8M | $14.1M | ||
| Q3 25 | $12.0M | $45.2M | ||
| Q2 25 | $9.7M | $29.1M | ||
| Q1 25 | $-1.2M | $-50.3M | ||
| Q4 24 | $-17.7M | $-98.0K | ||
| Q3 24 | $-6.7M | $33.2M | ||
| Q2 24 | $21.0M | $47.9M | ||
| Q1 24 | $-1.9M | $-39.9M |
| Q4 25 | 7.6% | 14.1% | ||
| Q3 25 | 17.4% | 27.9% | ||
| Q2 25 | 14.3% | 16.8% | ||
| Q1 25 | -1.8% | -45.2% | ||
| Q4 24 | -30.8% | -0.1% | ||
| Q3 24 | -15.2% | 22.1% | ||
| Q2 24 | 31.4% | 29.9% | ||
| Q1 24 | -3.9% | -36.0% |
| Q4 25 | 16.3% | 9.2% | ||
| Q3 25 | 18.5% | 3.6% | ||
| Q2 25 | 17.1% | 4.0% | ||
| Q1 25 | 15.5% | 3.1% | ||
| Q4 24 | 23.6% | 7.2% | ||
| Q3 24 | 21.4% | 2.7% | ||
| Q2 24 | 9.9% | 2.8% | ||
| Q1 24 | 28.3% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 4.37× | 6.29× | ||
| Q2 25 | 2.47× | 2.25× | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | 3.43× | 3.95× | ||
| Q1 24 | 1.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
