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Side-by-side financial comparison of Northwest Bancshares, Inc. (NWBI) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Northwest Bancshares, Inc. is the larger business by last-quarter revenue ($175.1M vs $100.0M, roughly 1.8× Latham Group, Inc.). Northwest Bancshares, Inc. runs the higher net margin — 28.9% vs -7.0%, a 35.9% gap on every dollar of revenue. Over the past eight quarters, Northwest Bancshares, Inc.'s revenue compounded faster (33.7% CAGR vs -4.9%).
Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is the leading subsidiary of Northwest Bancshares, Inc., a bank holding company, and operates 151 branches in Pennsylvania, Western New York, Northeast Ohio, Appalachian Ohio, and Indiana.
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.
NWBI vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.1M | $100.0M |
| Net Profit | $50.5M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | — | -10.7% |
| Net Margin | 28.9% | -7.0% |
| Revenue YoY | — | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $0.34 | $-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 | $175.1M | — | ||
| Q4 25 | $179.9M | $100.0M | ||
| Q3 25 | $168.2M | $161.9M | ||
| Q2 25 | $150.4M | $172.6M | ||
| Q1 25 | $156.2M | $111.4M | ||
| Q4 24 | $154.3M | $87.3M | ||
| Q3 24 | $139.1M | $150.5M | ||
| Q2 24 | $98.0M | $160.1M |
| Q1 26 | $50.5M | — | ||
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $3.2M | $8.1M | ||
| Q2 25 | $33.7M | $16.0M | ||
| Q1 25 | $43.5M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $33.6M | $5.9M | ||
| Q2 24 | $4.7M | $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 | 32.6% | -10.7% | ||
| Q3 25 | 2.1% | 13.3% | ||
| Q2 25 | 29.3% | 14.3% | ||
| Q1 25 | 36.2% | -4.4% | ||
| Q4 24 | 27.5% | -14.9% | ||
| Q3 24 | 31.3% | 8.9% | ||
| Q2 24 | 6.1% | 12.5% |
| Q1 26 | 28.9% | — | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | 1.9% | 5.0% | ||
| Q2 25 | 22.4% | 9.3% | ||
| Q1 25 | 27.8% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 24.2% | 3.9% | ||
| Q2 24 | 4.8% | 8.3% |
| Q1 26 | $0.34 | — | ||
| Q4 25 | $0.30 | $-0.06 | ||
| Q3 25 | $0.02 | $0.07 | ||
| Q2 25 | $0.26 | $0.13 | ||
| Q1 25 | $0.34 | $-0.05 | ||
| Q4 24 | $0.26 | $-0.24 | ||
| Q3 24 | $0.26 | $0.05 | ||
| Q2 24 | $0.04 | $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 | $286.7M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.9B | $405.9M |
| Total Assets | $16.9B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $286.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| 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 | $1.9B | — | ||
| Q4 25 | $1.9B | $405.9M | ||
| Q3 25 | $1.9B | $408.4M | ||
| Q2 25 | $1.6B | $398.4M | ||
| Q1 25 | $1.6B | $381.1M | ||
| Q4 24 | $1.6B | $387.2M | ||
| Q3 24 | $1.6B | $416.6M | ||
| Q2 24 | $1.6B | $408.1M |
| Q1 26 | $16.9B | — | ||
| Q4 25 | $16.8B | $823.2M | ||
| Q3 25 | $16.4B | $844.4M | ||
| Q2 25 | $14.5B | $822.1M | ||
| Q1 25 | $14.5B | $824.6M | ||
| Q4 24 | $14.4B | $794.2M | ||
| Q3 24 | $14.4B | $853.4M | ||
| Q2 24 | $14.4B | $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 | $153.4M | $23.3M | ||
| Q3 25 | $41.9M | $51.0M | ||
| Q2 25 | $-2.3M | $36.0M | ||
| Q1 25 | $107.6M | $-46.9M | ||
| Q4 24 | $127.7M | $6.2M | ||
| Q3 24 | $93.3M | $37.2M | ||
| Q2 24 | $40.7M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $141.8M | $14.1M | ||
| Q3 25 | $38.3M | $45.2M | ||
| Q2 25 | $-6.0M | $29.1M | ||
| Q1 25 | $105.8M | $-50.3M | ||
| Q4 24 | $125.4M | $-98.0K | ||
| Q3 24 | $93.2M | $33.2M | ||
| Q2 24 | $37.2M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 78.8% | 14.1% | ||
| Q3 25 | 22.8% | 27.9% | ||
| Q2 25 | -4.0% | 16.8% | ||
| Q1 25 | 67.7% | -45.2% | ||
| Q4 24 | 81.3% | -0.1% | ||
| Q3 24 | 67.0% | 22.1% | ||
| Q2 24 | 37.9% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 9.2% | ||
| Q3 25 | 2.2% | 3.6% | ||
| Q2 25 | 2.4% | 4.0% | ||
| Q1 25 | 1.2% | 3.1% | ||
| Q4 24 | 1.5% | 7.2% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 3.6% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 13.24× | 6.29× | ||
| Q2 25 | -0.07× | 2.25× | ||
| Q1 25 | 2.48× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.77× | 6.32× | ||
| Q2 24 | 8.56× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWBI
| Net Interest Income | $142.5M | 81% |
| Noninterest Income | $32.6M | 19% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
