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Side-by-side financial comparison of Ouster, Inc. (OUST) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $62.2M, roughly 1.6× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -4.9%).
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
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.
OUST vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | 60.2% | 28.0% |
| Operating Margin | 1.5% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | 106.6% | 14.5% |
| Net Profit YoY | — | 76.0% |
| EPS (diluted) | $0.10 | $-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 | $62.2M | $100.0M | ||
| Q3 25 | $39.5M | $161.9M | ||
| Q2 25 | $35.0M | $172.6M | ||
| Q1 25 | $32.6M | $111.4M | ||
| Q4 24 | $30.1M | $87.3M | ||
| Q3 24 | $28.1M | $150.5M | ||
| Q2 24 | $27.0M | $160.1M | ||
| Q1 24 | $25.9M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-21.7M | $8.1M | ||
| Q2 25 | $-20.6M | $16.0M | ||
| Q1 25 | $-22.0M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-25.6M | $5.9M | ||
| Q2 24 | $-23.9M | $13.3M | ||
| Q1 24 | $-23.8M | $-7.9M |
| Q4 25 | 60.2% | 28.0% | ||
| Q3 25 | 42.1% | 35.4% | ||
| Q2 25 | 45.2% | 37.1% | ||
| Q1 25 | 41.3% | 29.5% | ||
| Q4 24 | 43.8% | 24.6% | ||
| Q3 24 | 38.3% | 32.4% | ||
| Q2 24 | 33.7% | 33.1% | ||
| Q1 24 | 28.6% | 27.7% |
| Q4 25 | 1.5% | -10.7% | ||
| Q3 25 | -61.4% | 13.3% | ||
| Q2 25 | -76.5% | 14.3% | ||
| Q1 25 | -73.0% | -4.4% | ||
| Q4 24 | -85.1% | -14.9% | ||
| Q3 24 | -98.0% | 8.9% | ||
| Q2 24 | -93.6% | 12.5% | ||
| Q1 24 | -99.5% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -55.0% | 5.0% | ||
| Q2 25 | -58.8% | 9.3% | ||
| Q1 25 | -67.5% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -91.1% | 3.9% | ||
| Q2 24 | -88.4% | 8.3% | ||
| Q1 24 | -91.9% | -7.1% |
| Q4 25 | $0.10 | $-0.06 | ||
| Q3 25 | $-0.37 | $0.07 | ||
| Q2 25 | $-0.38 | $0.13 | ||
| Q1 25 | $-0.42 | $-0.05 | ||
| Q4 24 | $-0.46 | $-0.24 | ||
| Q3 24 | $-0.54 | $0.05 | ||
| Q2 24 | $-0.53 | $0.11 | ||
| Q1 24 | $-0.55 | $-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 | $208.6M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $261.7M | $405.9M |
| Total Assets | $349.5M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | — | ||
| Q3 25 | $244.5M | — | ||
| Q2 25 | $226.5M | — | ||
| Q1 25 | $168.2M | — | ||
| Q4 24 | $172.0M | — | ||
| Q3 24 | $151.4M | — | ||
| Q2 24 | $184.2M | — | ||
| Q1 24 | $187.8M | — |
| 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 | $261.7M | $405.9M | ||
| Q3 25 | $247.4M | $408.4M | ||
| Q2 25 | $221.0M | $398.4M | ||
| Q1 25 | $167.9M | $381.1M | ||
| Q4 24 | $180.9M | $387.2M | ||
| Q3 24 | $171.7M | $416.6M | ||
| Q2 24 | $170.6M | $408.1M | ||
| Q1 24 | $167.2M | $391.8M |
| Q4 25 | $349.5M | $823.2M | ||
| Q3 25 | $353.8M | $844.4M | ||
| Q2 25 | $321.8M | $822.1M | ||
| Q1 25 | $268.6M | $824.6M | ||
| Q4 24 | $276.1M | $794.2M | ||
| Q3 24 | $255.2M | $853.4M | ||
| Q2 24 | $309.9M | $830.0M | ||
| Q1 24 | $317.7M | $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 | $-15.4M | $23.3M |
| Free Cash FlowOCF − Capex | $-37.2M | $14.1M |
| FCF MarginFCF / Revenue | -59.8% | 14.1% |
| Capex IntensityCapex / Revenue | 35.0% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $23.3M | ||
| Q3 25 | $-18.3M | $51.0M | ||
| Q2 25 | $-1.3M | $36.0M | ||
| Q1 25 | $-4.9M | $-46.9M | ||
| Q4 24 | $-2.6M | $6.2M | ||
| Q3 24 | $-3.8M | $37.2M | ||
| Q2 24 | $-21.6M | $52.4M | ||
| Q1 24 | $-5.7M | $-34.5M |
| Q4 25 | $-37.2M | $14.1M | ||
| Q3 25 | $-20.0M | $45.2M | ||
| Q2 25 | $-2.2M | $29.1M | ||
| Q1 25 | $-5.4M | $-50.3M | ||
| Q4 24 | $-4.0M | $-98.0K | ||
| Q3 24 | $-4.3M | $33.2M | ||
| Q2 24 | $-22.0M | $47.9M | ||
| Q1 24 | $-7.1M | $-39.9M |
| Q4 25 | -59.8% | 14.1% | ||
| Q3 25 | -50.7% | 27.9% | ||
| Q2 25 | -6.3% | 16.8% | ||
| Q1 25 | -16.6% | -45.2% | ||
| Q4 24 | -13.3% | -0.1% | ||
| Q3 24 | -15.4% | 22.1% | ||
| Q2 24 | -81.5% | 29.9% | ||
| Q1 24 | -27.4% | -36.0% |
| Q4 25 | 35.0% | 9.2% | ||
| Q3 25 | 4.3% | 3.6% | ||
| Q2 25 | 2.5% | 4.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 4.8% | 7.2% | ||
| Q3 24 | 2.0% | 2.7% | ||
| Q2 24 | 1.3% | 2.8% | ||
| Q1 24 | 5.3% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
