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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) 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 $75.5M, roughly 1.3× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 14.5%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $14.1M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs -4.9%).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

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.

PBYI vs SWIM — Head-to-Head

Bigger by revenue
SWIM
SWIM
1.3× larger
SWIM
$100.0M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+13.2% gap
PBYI
27.7%
14.5%
SWIM
More free cash flow
PBYI
PBYI
$299.0K more FCF
PBYI
$14.4M
$14.1M
SWIM
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-4.9%
SWIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBYI
PBYI
SWIM
SWIM
Revenue
$75.5M
$100.0M
Net Profit
$-7.0M
Gross Margin
69.3%
28.0%
Operating Margin
22.7%
-10.7%
Net Margin
-7.0%
Revenue YoY
27.7%
14.5%
Net Profit YoY
76.0%
EPS (diluted)
$0.26
$-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.

Revenue
PBYI
PBYI
SWIM
SWIM
Q4 25
$75.5M
$100.0M
Q3 25
$54.5M
$161.9M
Q2 25
$52.4M
$172.6M
Q1 25
$46.0M
$111.4M
Q4 24
$59.1M
$87.3M
Q3 24
$80.5M
$150.5M
Q2 24
$47.1M
$160.1M
Q1 24
$43.8M
$110.6M
Net Profit
PBYI
PBYI
SWIM
SWIM
Q4 25
$-7.0M
Q3 25
$8.8M
$8.1M
Q2 25
$5.9M
$16.0M
Q1 25
$3.0M
$-6.0M
Q4 24
$-29.2M
Q3 24
$20.3M
$5.9M
Q2 24
$-4.5M
$13.3M
Q1 24
$-4.8M
$-7.9M
Gross Margin
PBYI
PBYI
SWIM
SWIM
Q4 25
69.3%
28.0%
Q3 25
77.7%
35.4%
Q2 25
76.5%
37.1%
Q1 25
77.1%
29.5%
Q4 24
76.4%
24.6%
Q3 24
63.9%
32.4%
Q2 24
77.4%
33.1%
Q1 24
75.5%
27.7%
Operating Margin
PBYI
PBYI
SWIM
SWIM
Q4 25
22.7%
-10.7%
Q3 25
17.6%
13.3%
Q2 25
12.7%
14.3%
Q1 25
8.7%
-4.4%
Q4 24
22.6%
-14.9%
Q3 24
27.4%
8.9%
Q2 24
-4.6%
12.5%
Q1 24
-5.3%
-1.9%
Net Margin
PBYI
PBYI
SWIM
SWIM
Q4 25
-7.0%
Q3 25
16.2%
5.0%
Q2 25
11.2%
9.3%
Q1 25
6.5%
-5.4%
Q4 24
-33.4%
Q3 24
25.2%
3.9%
Q2 24
-9.6%
8.3%
Q1 24
-11.0%
-7.1%
EPS (diluted)
PBYI
PBYI
SWIM
SWIM
Q4 25
$0.26
$-0.06
Q3 25
$0.17
$0.07
Q2 25
$0.12
$0.13
Q1 25
$0.06
$-0.05
Q4 24
$0.40
$-0.24
Q3 24
$0.41
$0.05
Q2 24
$-0.09
$0.11
Q1 24
$-0.10
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PBYI
PBYI
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$97.5M
Total DebtLower is stronger
$22.7M
$279.8M
Stockholders' EquityBook value
$130.3M
$405.9M
Total Assets
$216.3M
$823.2M
Debt / EquityLower = less leverage
0.17×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
SWIM
SWIM
Q4 25
$97.5M
Q3 25
$94.4M
Q2 25
$96.0M
Q1 25
$93.2M
Q4 24
$101.0M
Q3 24
$96.7M
Q2 24
$96.8M
Q1 24
$107.2M
Total Debt
PBYI
PBYI
SWIM
SWIM
Q4 25
$22.7M
$279.8M
Q3 25
$34.0M
$281.1M
Q2 25
$45.3M
$281.5M
Q1 25
$56.7M
$306.9M
Q4 24
$68.0M
$281.5M
Q3 24
$79.3M
$282.8M
Q2 24
$90.7M
$282.4M
Q1 24
$102.0M
$282.8M
Stockholders' Equity
PBYI
PBYI
SWIM
SWIM
Q4 25
$130.3M
$405.9M
Q3 25
$115.3M
$408.4M
Q2 25
$104.7M
$398.4M
Q1 25
$97.1M
$381.1M
Q4 24
$92.1M
$387.2M
Q3 24
$71.1M
$416.6M
Q2 24
$48.5M
$408.1M
Q1 24
$51.0M
$391.8M
Total Assets
PBYI
PBYI
SWIM
SWIM
Q4 25
$216.3M
$823.2M
Q3 25
$202.9M
$844.4M
Q2 25
$194.9M
$822.1M
Q1 25
$196.2M
$824.6M
Q4 24
$213.3M
$794.2M
Q3 24
$220.7M
$853.4M
Q2 24
$205.0M
$830.0M
Q1 24
$214.1M
$808.6M
Debt / Equity
PBYI
PBYI
SWIM
SWIM
Q4 25
0.17×
0.69×
Q3 25
0.30×
0.69×
Q2 25
0.43×
0.71×
Q1 25
0.58×
0.81×
Q4 24
0.74×
0.73×
Q3 24
1.12×
0.68×
Q2 24
1.87×
0.69×
Q1 24
2.00×
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
PBYI
PBYI
SWIM
SWIM
Operating Cash FlowLast quarter
$14.4M
$23.3M
Free Cash FlowOCF − Capex
$14.4M
$14.1M
FCF MarginFCF / Revenue
19.1%
14.1%
Capex IntensityCapex / Revenue
0.0%
9.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
SWIM
SWIM
Q4 25
$14.4M
$23.3M
Q3 25
$9.7M
$51.0M
Q2 25
$14.1M
$36.0M
Q1 25
$3.6M
$-46.9M
Q4 24
$15.6M
$6.2M
Q3 24
$11.0M
$37.2M
Q2 24
$1.0M
$52.4M
Q1 24
$11.2M
$-34.5M
Free Cash Flow
PBYI
PBYI
SWIM
SWIM
Q4 25
$14.4M
$14.1M
Q3 25
$9.7M
$45.2M
Q2 25
$14.1M
$29.1M
Q1 25
$3.6M
$-50.3M
Q4 24
$15.6M
$-98.0K
Q3 24
$11.0M
$33.2M
Q2 24
$1.0M
$47.9M
Q1 24
$-39.9M
FCF Margin
PBYI
PBYI
SWIM
SWIM
Q4 25
19.1%
14.1%
Q3 25
17.7%
27.9%
Q2 25
26.8%
16.8%
Q1 25
7.7%
-45.2%
Q4 24
26.4%
-0.1%
Q3 24
13.7%
22.1%
Q2 24
2.1%
29.9%
Q1 24
-36.0%
Capex Intensity
PBYI
PBYI
SWIM
SWIM
Q4 25
0.0%
9.2%
Q3 25
0.0%
3.6%
Q2 25
0.0%
4.0%
Q1 25
0.1%
3.1%
Q4 24
0.0%
7.2%
Q3 24
0.0%
2.7%
Q2 24
0.0%
2.8%
Q1 24
0.0%
4.8%
Cash Conversion
PBYI
PBYI
SWIM
SWIM
Q4 25
Q3 25
1.10×
6.29×
Q2 25
2.41×
2.25×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
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

PBYI
PBYI

Segment breakdown not available.

SWIM
SWIM

In Ground Swimming Pools$50.2M50%
Covers$37.0M37%
Liners$12.7M13%

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