vs
Side-by-side financial comparison of NETSTREIT Corp. (NTST) 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 $57.1M, roughly 1.8× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -7.0%, a 17.0% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 14.5%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs -4.9%).
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
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.
NTST vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $100.0M |
| Net Profit | $5.7M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 10.0% | -7.0% |
| Revenue YoY | 24.3% | 14.5% |
| Net Profit YoY | 235.9% | 76.0% |
| EPS (diluted) | $0.32 | $-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 | $57.1M | — | ||
| Q4 25 | $52.5M | $100.0M | ||
| Q3 25 | $48.3M | $161.9M | ||
| Q2 25 | $48.3M | $172.6M | ||
| Q1 25 | $45.9M | $111.4M | ||
| Q4 24 | $44.1M | $87.3M | ||
| Q3 24 | $41.4M | $150.5M | ||
| Q2 24 | $39.6M | $160.1M |
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | $-7.0M | ||
| Q3 25 | $618.0K | $8.1M | ||
| Q2 25 | $3.3M | $16.0M | ||
| Q1 25 | $1.7M | $-6.0M | ||
| Q4 24 | $-5.4M | $-29.2M | ||
| Q3 24 | $-5.3M | $5.9M | ||
| Q2 24 | $-2.3M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | -10.7% | ||
| Q3 25 | 1.3% | 13.3% | ||
| Q2 25 | 6.8% | 14.3% | ||
| Q1 25 | 3.7% | -4.4% | ||
| Q4 24 | -12.3% | -14.9% | ||
| Q3 24 | -12.8% | 8.9% | ||
| Q2 24 | -5.8% | 12.5% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | -7.0% | ||
| Q3 25 | 1.3% | 5.0% | ||
| Q2 25 | 6.8% | 9.3% | ||
| Q1 25 | 3.7% | -5.4% | ||
| Q4 24 | -12.3% | -33.4% | ||
| Q3 24 | -12.8% | 3.9% | ||
| Q2 24 | -5.8% | 8.3% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | $-0.06 | ||
| Q3 25 | $0.01 | $0.07 | ||
| Q2 25 | $0.04 | $0.13 | ||
| Q1 25 | $0.02 | $-0.05 | ||
| Q4 24 | $-0.07 | $-0.24 | ||
| Q3 24 | $-0.07 | $0.05 | ||
| Q2 24 | $-0.03 | $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 | — | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.5B | $405.9M |
| Total Assets | $2.8B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $279.8M | ||
| Q3 25 | $1.1B | $281.1M | ||
| Q2 25 | $926.6M | $281.5M | ||
| Q1 25 | $913.3M | $306.9M | ||
| Q4 24 | $868.3M | $281.5M | ||
| Q3 24 | $778.7M | $282.8M | ||
| Q2 24 | $726.2M | $282.4M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $405.9M | ||
| Q3 25 | $1.3B | $408.4M | ||
| Q2 25 | $1.3B | $398.4M | ||
| Q1 25 | $1.3B | $381.1M | ||
| Q4 24 | $1.3B | $387.2M | ||
| Q3 24 | $1.3B | $416.6M | ||
| Q2 24 | $1.3B | $408.1M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $823.2M | ||
| Q3 25 | $2.5B | $844.4M | ||
| Q2 25 | $2.3B | $822.1M | ||
| Q1 25 | $2.3B | $824.6M | ||
| Q4 24 | $2.3B | $794.2M | ||
| Q3 24 | $2.2B | $853.4M | ||
| Q2 24 | $2.1B | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.69× | ||
| Q3 25 | 0.84× | 0.69× | ||
| Q2 25 | 0.70× | 0.71× | ||
| Q1 25 | 0.70× | 0.81× | ||
| Q4 24 | 0.65× | 0.73× | ||
| Q3 24 | 0.58× | 0.68× | ||
| Q2 24 | 0.55× | 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 | $109.5M | $23.3M | ||
| Q3 25 | $28.0M | $51.0M | ||
| Q2 25 | $30.6M | $36.0M | ||
| Q1 25 | $22.1M | $-46.9M | ||
| Q4 24 | $90.2M | $6.2M | ||
| Q3 24 | $25.1M | $37.2M | ||
| Q2 24 | $25.4M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 82.46× | — | ||
| Q3 25 | 45.27× | 6.29× | ||
| Q2 25 | 9.36× | 2.25× | ||
| Q1 25 | 13.06× | — | ||
| 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
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
