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Side-by-side financial comparison of NEWELL BRANDS INC. (NWL) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
NEWELL BRANDS INC. is the larger business by last-quarter revenue ($1.9B vs $100.0M, roughly 19.0× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -16.6%, a 9.6% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -2.7%). NEWELL BRANDS INC. produced more free cash flow last quarter ($91.0M vs $14.1M). Over the past eight quarters, NEWELL BRANDS INC.'s revenue compounded faster (7.1% CAGR vs -4.9%).
Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
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.
NWL vs SWIM — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $100.0M |
| Net Profit | $-315.0M | $-7.0M |
| Gross Margin | 33.1% | 28.0% |
| Operating Margin | -14.3% | -10.7% |
| Net Margin | -16.6% | -7.0% |
| Revenue YoY | -2.7% | 14.5% |
| Net Profit YoY | -483.3% | 76.0% |
| EPS (diluted) | $-0.75 | $-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 | $1.9B | $100.0M | ||
| Q3 25 | $1.8B | $161.9M | ||
| Q2 25 | $1.9B | $172.6M | ||
| Q1 25 | $1.6B | $111.4M | ||
| Q4 24 | $1.9B | $87.3M | ||
| Q3 24 | $1.9B | $150.5M | ||
| Q2 24 | $2.0B | $160.1M | ||
| Q1 24 | $1.7B | $110.6M |
| Q4 25 | $-315.0M | $-7.0M | ||
| Q3 25 | $21.0M | $8.1M | ||
| Q2 25 | $46.0M | $16.0M | ||
| Q1 25 | $-37.0M | $-6.0M | ||
| Q4 24 | $-54.0M | $-29.2M | ||
| Q3 24 | $-198.0M | $5.9M | ||
| Q2 24 | $45.0M | $13.3M | ||
| Q1 24 | $-9.0M | $-7.9M |
| Q4 25 | 33.1% | 28.0% | ||
| Q3 25 | 34.1% | 35.4% | ||
| Q2 25 | 35.4% | 37.1% | ||
| Q1 25 | 32.1% | 29.5% | ||
| Q4 24 | 34.2% | 24.6% | ||
| Q3 24 | 34.9% | 32.4% | ||
| Q2 24 | 34.4% | 33.1% | ||
| Q1 24 | 30.5% | 27.7% |
| Q4 25 | -14.3% | -10.7% | ||
| Q3 25 | 6.6% | 13.3% | ||
| Q2 25 | 8.8% | 14.3% | ||
| Q1 25 | 1.3% | -4.4% | ||
| Q4 24 | 0.5% | -14.9% | ||
| Q3 24 | -6.2% | 8.9% | ||
| Q2 24 | 8.0% | 12.5% | ||
| Q1 24 | 1.0% | -1.9% |
| Q4 25 | -16.6% | -7.0% | ||
| Q3 25 | 1.2% | 5.0% | ||
| Q2 25 | 2.4% | 9.3% | ||
| Q1 25 | -2.4% | -5.4% | ||
| Q4 24 | -2.8% | -33.4% | ||
| Q3 24 | -10.2% | 3.9% | ||
| Q2 24 | 2.2% | 8.3% | ||
| Q1 24 | -0.5% | -7.1% |
| Q4 25 | $-0.75 | $-0.06 | ||
| Q3 25 | $0.05 | $0.07 | ||
| Q2 25 | $0.11 | $0.13 | ||
| Q1 25 | $-0.09 | $-0.05 | ||
| Q4 24 | $-0.13 | $-0.24 | ||
| Q3 24 | $-0.48 | $0.05 | ||
| Q2 24 | $0.11 | $0.11 | ||
| Q1 24 | $-0.02 | $-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 | $203.0M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $2.4B | $405.9M |
| Total Assets | $10.7B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.0M | — | ||
| Q3 25 | $229.0M | — | ||
| Q2 25 | $219.0M | — | ||
| Q1 25 | $233.0M | — | ||
| Q4 24 | $198.0M | — | ||
| Q3 24 | $494.0M | — | ||
| Q2 24 | $382.0M | — | ||
| Q1 24 | $372.0M | — |
| 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 24 | — | $282.8M |
| Q4 25 | $2.4B | $405.9M | ||
| Q3 25 | $2.7B | $408.4M | ||
| Q2 25 | $2.7B | $398.4M | ||
| Q1 25 | $2.7B | $381.1M | ||
| Q4 24 | $2.8B | $387.2M | ||
| Q3 24 | $2.9B | $416.6M | ||
| Q2 24 | $3.1B | $408.1M | ||
| Q1 24 | $3.1B | $391.8M |
| Q4 25 | $10.7B | $823.2M | ||
| Q3 25 | $11.3B | $844.4M | ||
| Q2 25 | $11.5B | $822.1M | ||
| Q1 25 | $11.3B | $824.6M | ||
| Q4 24 | $11.0B | $794.2M | ||
| Q3 24 | $11.8B | $853.4M | ||
| Q2 24 | $12.0B | $830.0M | ||
| Q1 24 | $12.1B | $808.6M |
| 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× | ||
| Q1 24 | — | 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 | $161.0M | $23.3M |
| Free Cash FlowOCF − Capex | $91.0M | $14.1M |
| FCF MarginFCF / Revenue | 4.8% | 14.1% |
| Capex IntensityCapex / Revenue | 3.7% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $17.0M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $161.0M | $23.3M | ||
| Q3 25 | $374.0M | $51.0M | ||
| Q2 25 | $-58.0M | $36.0M | ||
| Q1 25 | $-213.0M | $-46.9M | ||
| Q4 24 | $150.0M | $6.2M | ||
| Q3 24 | $282.0M | $37.2M | ||
| Q2 24 | $32.0M | $52.4M | ||
| Q1 24 | $32.0M | $-34.5M |
| Q4 25 | $91.0M | $14.1M | ||
| Q3 25 | $315.0M | $45.2M | ||
| Q2 25 | $-117.0M | $29.1M | ||
| Q1 25 | $-272.0M | $-50.3M | ||
| Q4 24 | $54.0M | $-98.0K | ||
| Q3 24 | $231.0M | $33.2M | ||
| Q2 24 | $-21.0M | $47.9M | ||
| Q1 24 | $-27.0M | $-39.9M |
| Q4 25 | 4.8% | 14.1% | ||
| Q3 25 | 17.4% | 27.9% | ||
| Q2 25 | -6.0% | 16.8% | ||
| Q1 25 | -17.4% | -45.2% | ||
| Q4 24 | 2.8% | -0.1% | ||
| Q3 24 | 11.9% | 22.1% | ||
| Q2 24 | -1.0% | 29.9% | ||
| Q1 24 | -1.6% | -36.0% |
| Q4 25 | 3.7% | 9.2% | ||
| Q3 25 | 3.3% | 3.6% | ||
| Q2 25 | 3.0% | 4.0% | ||
| Q1 25 | 3.8% | 3.1% | ||
| Q4 24 | 4.9% | 7.2% | ||
| Q3 24 | 2.6% | 2.7% | ||
| Q2 24 | 2.6% | 2.8% | ||
| Q1 24 | 3.6% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 17.81× | 6.29× | ||
| Q2 25 | -1.26× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | 0.71× | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
