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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $100.0M, roughly 1.1× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -12.5%, a 5.4% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $14.1M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% CAGR vs -4.9%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $100.0M |
| Net Profit | $-13.1M | $-7.0M |
| Gross Margin | 68.0% | 28.0% |
| Operating Margin | -4.3% | -10.7% |
| Net Margin | -12.5% | -7.0% |
| Revenue YoY | 4.3% | 14.5% |
| Net Profit YoY | -48.9% | 76.0% |
| EPS (diluted) | $-0.02 | $-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 | $105.1M | $100.0M | ||
| Q3 25 | $114.6M | $161.9M | ||
| Q2 25 | $106.3M | $172.6M | ||
| Q1 25 | $97.0M | $111.4M | ||
| Q4 24 | $100.7M | $87.3M | ||
| Q3 24 | $119.1M | $150.5M | ||
| Q2 24 | $103.9M | $160.1M | ||
| Q1 24 | $98.9M | $110.6M |
| Q4 25 | $-13.1M | $-7.0M | ||
| Q3 25 | $11.1M | $8.1M | ||
| Q2 25 | $-7.7M | $16.0M | ||
| Q1 25 | $465.0K | $-6.0M | ||
| Q4 24 | $-8.8M | $-29.2M | ||
| Q3 24 | $14.8M | $5.9M | ||
| Q2 24 | $5.8M | $13.3M | ||
| Q1 24 | $7.7M | $-7.9M |
| Q4 25 | 68.0% | 28.0% | ||
| Q3 25 | 69.1% | 35.4% | ||
| Q2 25 | 71.2% | 37.1% | ||
| Q1 25 | 69.5% | 29.5% | ||
| Q4 24 | 66.3% | 24.6% | ||
| Q3 24 | 68.6% | 32.4% | ||
| Q2 24 | 69.7% | 33.1% | ||
| Q1 24 | 72.1% | 27.7% |
| Q4 25 | -4.3% | -10.7% | ||
| Q3 25 | 3.7% | 13.3% | ||
| Q2 25 | -1.1% | 14.3% | ||
| Q1 25 | 8.7% | -4.4% | ||
| Q4 24 | 3.0% | -14.9% | ||
| Q3 24 | 23.5% | 8.9% | ||
| Q2 24 | 15.7% | 12.5% | ||
| Q1 24 | 19.8% | -1.9% |
| Q4 25 | -12.5% | -7.0% | ||
| Q3 25 | 9.7% | 5.0% | ||
| Q2 25 | -7.3% | 9.3% | ||
| Q1 25 | 0.5% | -5.4% | ||
| Q4 24 | -8.7% | -33.4% | ||
| Q3 24 | 12.4% | 3.9% | ||
| Q2 24 | 5.6% | 8.3% | ||
| Q1 24 | 7.8% | -7.1% |
| Q4 25 | $-0.02 | $-0.06 | ||
| Q3 25 | $0.02 | $0.07 | ||
| Q2 25 | $-0.01 | $0.13 | ||
| Q1 25 | $0.00 | $-0.05 | ||
| Q4 24 | $-0.01 | $-0.24 | ||
| Q3 24 | $0.02 | $0.05 | ||
| Q2 24 | $0.01 | $0.11 | ||
| Q1 24 | $0.01 | $-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 | $318.7M | — |
| Total DebtLower is stronger | $352.3M | $279.8M |
| Stockholders' EquityBook value | $879.4M | $405.9M |
| Total Assets | $1.5B | $823.2M |
| Debt / EquityLower = less leverage | 0.40× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | — | ||
| Q3 25 | $286.4M | — | ||
| Q2 25 | $289.3M | — | ||
| Q1 25 | $580.9M | — | ||
| Q4 24 | $586.0M | — | ||
| Q3 24 | $538.8M | — | ||
| Q2 24 | $507.9M | — | ||
| Q1 24 | $507.5M | — |
| Q4 25 | $352.3M | $279.8M | ||
| Q3 25 | $352.1M | $281.1M | ||
| Q2 25 | $351.9M | $281.5M | ||
| Q1 25 | $649.1M | $306.9M | ||
| Q4 24 | $650.5M | $281.5M | ||
| Q3 24 | $651.8M | $282.8M | ||
| Q2 24 | $653.1M | $282.4M | ||
| Q1 24 | $654.4M | $282.8M |
| Q4 25 | $879.4M | $405.9M | ||
| Q3 25 | $888.7M | $408.4M | ||
| Q2 25 | $874.2M | $398.4M | ||
| Q1 25 | $878.3M | $381.1M | ||
| Q4 24 | $874.4M | $387.2M | ||
| Q3 24 | $879.7M | $416.6M | ||
| Q2 24 | $863.3M | $408.1M | ||
| Q1 24 | $855.7M | $391.8M |
| Q4 25 | $1.5B | $823.2M | ||
| Q3 25 | $1.5B | $844.4M | ||
| Q2 25 | $1.5B | $822.1M | ||
| Q1 25 | $1.8B | $824.6M | ||
| Q4 24 | $1.8B | $794.2M | ||
| Q3 24 | $1.8B | $853.4M | ||
| Q2 24 | $1.8B | $830.0M | ||
| Q1 24 | $1.8B | $808.6M |
| Q4 25 | 0.40× | 0.69× | ||
| Q3 25 | 0.40× | 0.69× | ||
| Q2 25 | 0.40× | 0.71× | ||
| Q1 25 | 0.74× | 0.81× | ||
| Q4 24 | 0.74× | 0.73× | ||
| Q3 24 | 0.74× | 0.68× | ||
| Q2 24 | 0.76× | 0.69× | ||
| Q1 24 | 0.76× | 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 | $32.7M | $23.3M |
| Free Cash FlowOCF − Capex | $32.6M | $14.1M |
| FCF MarginFCF / Revenue | 31.0% | 14.1% |
| Capex IntensityCapex / Revenue | 0.1% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.7M | $23.3M | ||
| Q3 25 | $8.0M | $51.0M | ||
| Q2 25 | $20.9M | $36.0M | ||
| Q1 25 | $-2.9M | $-46.9M | ||
| Q4 24 | $49.7M | $6.2M | ||
| Q3 24 | $33.5M | $37.2M | ||
| Q2 24 | $16.2M | $52.4M | ||
| Q1 24 | $43.7M | $-34.5M |
| Q4 25 | $32.6M | $14.1M | ||
| Q3 25 | $7.9M | $45.2M | ||
| Q2 25 | $20.8M | $29.1M | ||
| Q1 25 | $-3.0M | $-50.3M | ||
| Q4 24 | $49.2M | $-98.0K | ||
| Q3 24 | $33.3M | $33.2M | ||
| Q2 24 | $16.1M | $47.9M | ||
| Q1 24 | $43.3M | $-39.9M |
| Q4 25 | 31.0% | 14.1% | ||
| Q3 25 | 6.9% | 27.9% | ||
| Q2 25 | 19.6% | 16.8% | ||
| Q1 25 | -3.1% | -45.2% | ||
| Q4 24 | 48.9% | -0.1% | ||
| Q3 24 | 28.0% | 22.1% | ||
| Q2 24 | 15.5% | 29.9% | ||
| Q1 24 | 43.7% | -36.0% |
| Q4 25 | 0.1% | 9.2% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 0.1% | 4.0% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 0.4% | 7.2% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.5% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | -6.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.26× | 6.32× | ||
| Q2 24 | 2.81× | 3.95× | ||
| Q1 24 | 5.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
