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Side-by-side financial comparison of Payoneer Global Inc. (PAYO) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Payoneer Global Inc. is the larger business by last-quarter revenue ($217.0M vs $117.3M, roughly 1.8× Latham Group, Inc.). Payoneer Global Inc. runs the higher net margin — 8.8% vs -7.3%, a 16.0% gap on every dollar of revenue. On growth, Payoneer Global Inc. posted the faster year-over-year revenue change (9.5% vs 5.3%). Over the past eight quarters, Payoneer Global Inc.'s revenue compounded faster (16.3% CAGR vs -14.4%).
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
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.
PAYO vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.0M | $117.3M |
| Net Profit | $19.0M | $-8.5M |
| Gross Margin | — | 31.7% |
| Operating Margin | 13.3% | — |
| Net Margin | 8.8% | -7.3% |
| Revenue YoY | 9.5% | 5.3% |
| Net Profit YoY | 4.5% | -43.1% |
| EPS (diluted) | $0.05 | $-0.07 |
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 | — | $117.3M | ||
| Q4 25 | $217.0M | $100.0M | ||
| Q3 25 | $209.7M | $161.9M | ||
| Q2 25 | $200.5M | $172.6M | ||
| Q1 25 | $186.3M | $111.4M | ||
| Q4 24 | $198.2M | $87.3M | ||
| Q3 24 | $180.4M | $150.5M | ||
| Q2 24 | $171.2M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $19.0M | $-7.0M | ||
| Q3 25 | $14.1M | $8.1M | ||
| Q2 25 | $19.5M | $16.0M | ||
| Q1 25 | $20.6M | $-6.0M | ||
| Q4 24 | $18.2M | $-29.2M | ||
| Q3 24 | $41.6M | $5.9M | ||
| Q2 24 | $32.4M | $13.3M |
| Q1 26 | — | 31.7% | ||
| 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 | 13.3% | -10.7% | ||
| Q3 25 | 17.3% | 13.3% | ||
| Q2 25 | 15.0% | 14.3% | ||
| Q1 25 | 15.7% | -4.4% | ||
| Q4 24 | 14.7% | -14.9% | ||
| Q3 24 | 19.5% | 8.9% | ||
| Q2 24 | 27.0% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | 8.8% | -7.0% | ||
| Q3 25 | 6.7% | 5.0% | ||
| Q2 25 | 9.7% | 9.3% | ||
| Q1 25 | 11.0% | -5.4% | ||
| Q4 24 | 9.2% | -33.4% | ||
| Q3 24 | 23.1% | 3.9% | ||
| Q2 24 | 18.9% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.05 | $-0.06 | ||
| Q3 25 | $0.04 | $0.07 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $0.03 | $-0.24 | ||
| Q3 24 | $0.11 | $0.05 | ||
| Q2 24 | $0.09 | $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 | $415.5M | — |
| Total DebtLower is stronger | — | $3.3M |
| Stockholders' EquityBook value | $704.4M | $396.7M |
| Total Assets | $9.0B | $856.4M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $415.5M | — | ||
| Q3 25 | $479.4M | — | ||
| Q2 25 | $497.1M | — | ||
| Q1 25 | $524.1M | — | ||
| Q4 24 | $497.5M | — | ||
| Q3 24 | $534.2M | — | ||
| Q2 24 | $575.7M | — |
| Q1 26 | — | $3.3M | ||
| 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 | — | $396.7M | ||
| Q4 25 | $704.4M | $405.9M | ||
| Q3 25 | $750.5M | $408.4M | ||
| Q2 25 | $770.9M | $398.4M | ||
| Q1 25 | $750.7M | $381.1M | ||
| Q4 24 | $724.8M | $387.2M | ||
| Q3 24 | $727.9M | $416.6M | ||
| Q2 24 | $669.4M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $9.0B | $823.2M | ||
| Q3 25 | $8.2B | $844.4M | ||
| Q2 25 | $8.1B | $822.1M | ||
| Q1 25 | $7.6B | $824.6M | ||
| Q4 24 | $7.9B | $794.2M | ||
| Q3 24 | $7.1B | $853.4M | ||
| Q2 24 | $6.9B | $830.0M |
| Q1 26 | — | 0.01× | ||
| 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 | $54.9M | $-47.7M |
| Free Cash FlowOCF − Capex | $40.3M | — |
| FCF MarginFCF / Revenue | 18.6% | — |
| Capex IntensityCapex / Revenue | 6.7% | — |
| Cash ConversionOCF / Net Profit | 2.89× | — |
| TTM Free Cash FlowTrailing 4 quarters | $206.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $54.9M | $23.3M | ||
| Q3 25 | $54.2M | $51.0M | ||
| Q2 25 | $70.7M | $36.0M | ||
| Q1 25 | $53.7M | $-46.9M | ||
| Q4 24 | $45.9M | $6.2M | ||
| Q3 24 | $50.1M | $37.2M | ||
| Q2 24 | $41.4M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $40.3M | $14.1M | ||
| Q3 25 | $49.2M | $45.2M | ||
| Q2 25 | $68.1M | $29.1M | ||
| Q1 25 | $49.0M | $-50.3M | ||
| Q4 24 | $42.1M | $-98.0K | ||
| Q3 24 | $48.5M | $33.2M | ||
| Q2 24 | $40.2M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 14.1% | ||
| Q3 25 | 23.5% | 27.9% | ||
| Q2 25 | 34.0% | 16.8% | ||
| Q1 25 | 26.3% | -45.2% | ||
| Q4 24 | 21.3% | -0.1% | ||
| Q3 24 | 26.9% | 22.1% | ||
| Q2 24 | 23.5% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 9.2% | ||
| Q3 25 | 2.4% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 2.5% | 3.1% | ||
| Q4 24 | 1.9% | 7.2% | ||
| Q3 24 | 0.9% | 2.7% | ||
| Q2 24 | 0.7% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.89× | — | ||
| Q3 25 | 3.84× | 6.29× | ||
| Q2 25 | 3.63× | 2.25× | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.52× | — | ||
| Q3 24 | 1.21× | 6.32× | ||
| Q2 24 | 1.28× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
