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Side-by-side financial comparison of NovoCure Ltd (NVCR) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
NovoCure Ltd is the larger business by last-quarter revenue ($174.1M vs $100.0M, roughly 1.7× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -40.9%, a 33.9% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 12.3%). Over the past eight quarters, NovoCure Ltd's revenue compounded faster (7.6% CAGR vs -4.9%).
NovoCure Ltd is a global oncology company that develops and commercializes innovative Tumor Treating Fields (TTFields) therapy, a non-invasive wearable treatment using low-intensity electric fields to disrupt cancer cell division. Its approved therapies target glioblastoma, malignant mesothelioma and non-small cell lung cancer, serving patients across North America, Europe and Asia Pacific.
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.
NVCR vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $174.1M | $100.0M |
| Net Profit | $-71.1M | $-7.0M |
| Gross Margin | 77.6% | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | -40.9% | -7.0% |
| Revenue YoY | 12.3% | 14.5% |
| Net Profit YoY | -107.3% | 76.0% |
| EPS (diluted) | — | $-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 | $174.1M | — | ||
| Q4 25 | $174.3M | $100.0M | ||
| Q3 25 | $167.2M | $161.9M | ||
| Q2 25 | $158.8M | $172.6M | ||
| Q1 25 | $155.0M | $111.4M | ||
| Q4 24 | $161.3M | $87.3M | ||
| Q3 24 | $155.1M | $150.5M | ||
| Q2 24 | $150.4M | $160.1M |
| Q1 26 | $-71.1M | — | ||
| Q4 25 | $-24.5M | $-7.0M | ||
| Q3 25 | $-37.3M | $8.1M | ||
| Q2 25 | $-40.1M | $16.0M | ||
| Q1 25 | $-34.3M | $-6.0M | ||
| Q4 24 | $-65.9M | $-29.2M | ||
| Q3 24 | $-30.6M | $5.9M | ||
| Q2 24 | $-33.4M | $13.3M |
| Q1 26 | 77.6% | — | ||
| Q4 25 | 75.8% | 28.0% | ||
| Q3 25 | 73.2% | 35.4% | ||
| Q2 25 | 73.9% | 37.1% | ||
| Q1 25 | 75.1% | 29.5% | ||
| Q4 24 | 79.2% | 24.6% | ||
| Q3 24 | 77.2% | 32.4% | ||
| Q2 24 | 77.0% | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | -23.2% | -10.7% | ||
| Q3 25 | -21.5% | 13.3% | ||
| Q2 25 | -24.9% | 14.3% | ||
| Q1 25 | -24.4% | -4.4% | ||
| Q4 24 | -39.3% | -14.9% | ||
| Q3 24 | -20.7% | 8.9% | ||
| Q2 24 | -22.3% | 12.5% |
| Q1 26 | -40.9% | — | ||
| Q4 25 | -14.1% | -7.0% | ||
| Q3 25 | -22.3% | 5.0% | ||
| Q2 25 | -25.3% | 9.3% | ||
| Q1 25 | -22.1% | -5.4% | ||
| Q4 24 | -40.9% | -33.4% | ||
| Q3 24 | -19.7% | 3.9% | ||
| Q2 24 | -22.2% | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.22 | $-0.06 | ||
| Q3 25 | $-0.33 | $0.07 | ||
| Q2 25 | $-0.36 | $0.13 | ||
| Q1 25 | $-0.31 | $-0.05 | ||
| Q4 24 | $-0.61 | $-0.24 | ||
| Q3 24 | $-0.28 | $0.05 | ||
| Q2 24 | $-0.31 | $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 | $432.0M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $330.7M | $405.9M |
| Total Assets | $787.9M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $432.0M | — | ||
| Q4 25 | $93.5M | — | ||
| Q3 25 | $342.1M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $127.3M | — | ||
| Q4 24 | $163.8M | — | ||
| Q3 24 | $185.4M | — | ||
| Q2 24 | $164.8M | — |
| Q1 26 | — | — | ||
| 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 | $330.7M | — | ||
| Q4 25 | $340.5M | $405.9M | ||
| Q3 25 | $341.3M | $408.4M | ||
| Q2 25 | $349.4M | $398.4M | ||
| Q1 25 | $362.0M | $381.1M | ||
| Q4 24 | $360.2M | $387.2M | ||
| Q3 24 | $360.8M | $416.6M | ||
| Q2 24 | $361.8M | $408.1M |
| Q1 26 | $787.9M | — | ||
| Q4 25 | $804.3M | $823.2M | ||
| Q3 25 | $1.4B | $844.4M | ||
| Q2 25 | $1.2B | $822.1M | ||
| Q1 25 | $1.2B | $824.6M | ||
| Q4 24 | $1.2B | $794.2M | ||
| Q3 24 | $1.2B | $853.4M | ||
| Q2 24 | $1.2B | $830.0M |
| Q1 26 | — | — | ||
| 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 | $-18.0M | $23.3M | ||
| Q3 25 | $20.6M | $51.0M | ||
| Q2 25 | $-15.9M | $36.0M | ||
| Q1 25 | $-35.7M | $-46.9M | ||
| Q4 24 | $-3.5M | $6.2M | ||
| Q3 24 | $10.4M | $37.2M | ||
| Q2 24 | $-1.7M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-22.9M | $14.1M | ||
| Q3 25 | $14.9M | $45.2M | ||
| Q2 25 | $-21.4M | $29.1M | ||
| Q1 25 | $-46.3M | $-50.3M | ||
| Q4 24 | $-12.4M | $-98.0K | ||
| Q3 24 | $-307.0K | $33.2M | ||
| Q2 24 | $-13.2M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | -13.1% | 14.1% | ||
| Q3 25 | 8.9% | 27.9% | ||
| Q2 25 | -13.5% | 16.8% | ||
| Q1 25 | -29.9% | -45.2% | ||
| Q4 24 | -7.7% | -0.1% | ||
| Q3 24 | -0.2% | 22.1% | ||
| Q2 24 | -8.8% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 9.2% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 3.5% | 4.0% | ||
| Q1 25 | 6.8% | 3.1% | ||
| Q4 24 | 5.5% | 7.2% | ||
| Q3 24 | 6.9% | 2.7% | ||
| Q2 24 | 7.6% | 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
NVCR
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
