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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $100.0M, roughly 1.8× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -65.7%, a 58.7% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 8.4%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $14.1M). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% CAGR vs -4.9%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
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.
OIS vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $100.0M |
| Net Profit | $-117.2M | $-7.0M |
| Gross Margin | 10.9% | 28.0% |
| Operating Margin | -63.7% | -10.7% |
| Net Margin | -65.7% | -7.0% |
| Revenue YoY | 8.4% | 14.5% |
| Net Profit YoY | -873.2% | 76.0% |
| EPS (diluted) | $-1.99 | $-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 | $178.5M | $100.0M | ||
| Q3 25 | $165.2M | $161.9M | ||
| Q2 25 | $165.4M | $172.6M | ||
| Q1 25 | $159.9M | $111.4M | ||
| Q4 24 | $164.6M | $87.3M | ||
| Q3 24 | $174.3M | $150.5M | ||
| Q2 24 | $186.4M | $160.1M | ||
| Q1 24 | $167.3M | $110.6M |
| Q4 25 | $-117.2M | $-7.0M | ||
| Q3 25 | $1.9M | $8.1M | ||
| Q2 25 | $2.8M | $16.0M | ||
| Q1 25 | $3.2M | $-6.0M | ||
| Q4 24 | $15.2M | $-29.2M | ||
| Q3 24 | $-14.3M | $5.9M | ||
| Q2 24 | $1.3M | $13.3M | ||
| Q1 24 | $-13.4M | $-7.9M |
| Q4 25 | 10.9% | 28.0% | ||
| Q3 25 | 22.1% | 35.4% | ||
| Q2 25 | 24.2% | 37.1% | ||
| Q1 25 | 23.3% | 29.5% | ||
| Q4 24 | 23.7% | 24.6% | ||
| Q3 24 | 21.7% | 32.4% | ||
| Q2 24 | 23.8% | 33.1% | ||
| Q1 24 | 21.1% | 27.7% |
| Q4 25 | -63.7% | -10.7% | ||
| Q3 25 | 2.9% | 13.3% | ||
| Q2 25 | 3.2% | 14.3% | ||
| Q1 25 | 3.5% | -4.4% | ||
| Q4 24 | 11.2% | -14.9% | ||
| Q3 24 | -6.3% | 8.9% | ||
| Q2 24 | 1.1% | 12.5% | ||
| Q1 24 | -6.7% | -1.9% |
| Q4 25 | -65.7% | -7.0% | ||
| Q3 25 | 1.2% | 5.0% | ||
| Q2 25 | 1.7% | 9.3% | ||
| Q1 25 | 2.0% | -5.4% | ||
| Q4 24 | 9.2% | -33.4% | ||
| Q3 24 | -8.2% | 3.9% | ||
| Q2 24 | 0.7% | 8.3% | ||
| Q1 24 | -8.0% | -7.1% |
| Q4 25 | $-1.99 | $-0.06 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $0.24 | $-0.24 | ||
| Q3 24 | $-0.23 | $0.05 | ||
| Q2 24 | $0.02 | $0.11 | ||
| Q1 24 | $-0.21 | $-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 | $69.9M | — |
| Total DebtLower is stronger | $1.7M | $279.8M |
| Stockholders' EquityBook value | $573.2M | $405.9M |
| Total Assets | $883.4M | $823.2M |
| Debt / EquityLower = less leverage | 0.00× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $69.9M | — | ||
| Q3 25 | $67.1M | — | ||
| Q2 25 | $53.9M | — | ||
| Q1 25 | $66.8M | — | ||
| Q4 24 | $65.4M | — | ||
| Q3 24 | $46.0M | — | ||
| Q2 24 | $25.2M | — | ||
| Q1 24 | $24.1M | — |
| Q4 25 | $1.7M | $279.8M | ||
| Q3 25 | $1.9M | $281.1M | ||
| Q2 25 | $1.9M | $281.5M | ||
| Q1 25 | $124.7M | $306.9M | ||
| Q4 24 | $124.7M | $281.5M | ||
| Q3 24 | $124.6M | $282.8M | ||
| Q2 24 | $124.3M | $282.4M | ||
| Q1 24 | $135.6M | $282.8M |
| Q4 25 | $573.2M | $405.9M | ||
| Q3 25 | $689.0M | $408.4M | ||
| Q2 25 | $690.6M | $398.4M | ||
| Q1 25 | $683.4M | $381.1M | ||
| Q4 24 | $680.7M | $387.2M | ||
| Q3 24 | $684.8M | $416.6M | ||
| Q2 24 | $690.4M | $408.1M | ||
| Q1 24 | $692.3M | $391.8M |
| Q4 25 | $883.4M | $823.2M | ||
| Q3 25 | $1.0B | $844.4M | ||
| Q2 25 | $993.7M | $822.1M | ||
| Q1 25 | $990.7M | $824.6M | ||
| Q4 24 | $1.0B | $794.2M | ||
| Q3 24 | $994.1M | $853.4M | ||
| Q2 24 | $1.0B | $830.0M | ||
| Q1 24 | $1.0B | $808.6M |
| Q4 25 | 0.00× | 0.69× | ||
| Q3 25 | 0.00× | 0.69× | ||
| Q2 25 | 0.00× | 0.71× | ||
| Q1 25 | 0.18× | 0.81× | ||
| Q4 24 | 0.18× | 0.73× | ||
| Q3 24 | 0.18× | 0.68× | ||
| Q2 24 | 0.18× | 0.69× | ||
| Q1 24 | 0.20× | 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 | $50.1M | $23.3M |
| Free Cash FlowOCF − Capex | $47.1M | $14.1M |
| FCF MarginFCF / Revenue | 26.4% | 14.1% |
| Capex IntensityCapex / Revenue | 1.7% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.1M | $23.3M | ||
| Q3 25 | $30.7M | $51.0M | ||
| Q2 25 | $15.0M | $36.0M | ||
| Q1 25 | $9.3M | $-46.9M | ||
| Q4 24 | $18.2M | $6.2M | ||
| Q3 24 | $28.8M | $37.2M | ||
| Q2 24 | $10.2M | $52.4M | ||
| Q1 24 | $-11.4M | $-34.5M |
| Q4 25 | $47.1M | $14.1M | ||
| Q3 25 | $22.0M | $45.2M | ||
| Q2 25 | $4.7M | $29.1M | ||
| Q1 25 | $137.0K | $-50.3M | ||
| Q4 24 | $4.0M | $-98.0K | ||
| Q3 24 | $21.4M | $33.2M | ||
| Q2 24 | $4.5M | $47.9M | ||
| Q1 24 | $-21.5M | $-39.9M |
| Q4 25 | 26.4% | 14.1% | ||
| Q3 25 | 13.3% | 27.9% | ||
| Q2 25 | 2.8% | 16.8% | ||
| Q1 25 | 0.1% | -45.2% | ||
| Q4 24 | 2.4% | -0.1% | ||
| Q3 24 | 12.3% | 22.1% | ||
| Q2 24 | 2.4% | 29.9% | ||
| Q1 24 | -12.8% | -36.0% |
| Q4 25 | 1.7% | 9.2% | ||
| Q3 25 | 5.3% | 3.6% | ||
| Q2 25 | 6.2% | 4.0% | ||
| Q1 25 | 5.7% | 3.1% | ||
| Q4 24 | 8.6% | 7.2% | ||
| Q3 24 | 4.3% | 2.7% | ||
| Q2 24 | 3.1% | 2.8% | ||
| Q1 24 | 6.0% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 16.15× | 6.29× | ||
| Q2 25 | 5.33× | 2.25× | ||
| Q1 25 | 2.94× | — | ||
| Q4 24 | 1.20× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | 7.87× | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
