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Side-by-side financial comparison of Pacira BioSciences, Inc. (PCRX) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($177.4M vs $100.0M, roughly 1.8× Latham Group, Inc.). Pacira BioSciences, Inc. runs the higher net margin — 1.6% vs -7.0%, a 8.7% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 5.0%). Over the past eight quarters, Pacira BioSciences, Inc.'s revenue compounded faster (-0.2% CAGR vs -4.9%).

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

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.

PCRX vs SWIM — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.8× larger
PCRX
$177.4M
$100.0M
SWIM
Growing faster (revenue YoY)
SWIM
SWIM
+9.5% gap
SWIM
14.5%
5.0%
PCRX
Higher net margin
PCRX
PCRX
8.7% more per $
PCRX
1.6%
-7.0%
SWIM
Faster 2-yr revenue CAGR
PCRX
PCRX
Annualised
PCRX
-0.2%
-4.9%
SWIM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PCRX
PCRX
SWIM
SWIM
Revenue
$177.4M
$100.0M
Net Profit
$2.9M
$-7.0M
Gross Margin
28.0%
Operating Margin
3.9%
-10.7%
Net Margin
1.6%
-7.0%
Revenue YoY
5.0%
14.5%
Net Profit YoY
76.0%
EPS (diluted)
$0.07
$-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
PCRX
PCRX
SWIM
SWIM
Q1 26
$177.4M
Q4 25
$196.9M
$100.0M
Q3 25
$179.5M
$161.9M
Q2 25
$181.1M
$172.6M
Q1 25
$168.9M
$111.4M
Q4 24
$187.3M
$87.3M
Q3 24
$168.6M
$150.5M
Q2 24
$178.0M
$160.1M
Net Profit
PCRX
PCRX
SWIM
SWIM
Q1 26
$2.9M
Q4 25
$-7.0M
Q3 25
$5.4M
$8.1M
Q2 25
$-4.8M
$16.0M
Q1 25
$4.8M
$-6.0M
Q4 24
$-29.2M
Q3 24
$-143.5M
$5.9M
Q2 24
$18.9M
$13.3M
Gross Margin
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
79.5%
28.0%
Q3 25
80.9%
35.4%
Q2 25
77.4%
37.1%
Q1 25
79.7%
29.5%
Q4 24
78.7%
24.6%
Q3 24
76.9%
32.4%
Q2 24
75.1%
33.1%
Operating Margin
PCRX
PCRX
SWIM
SWIM
Q1 26
3.9%
Q4 25
1.2%
-10.7%
Q3 25
3.5%
13.3%
Q2 25
4.7%
14.3%
Q1 25
1.2%
-4.4%
Q4 24
13.2%
-14.9%
Q3 24
-82.8%
8.9%
Q2 24
15.9%
12.5%
Net Margin
PCRX
PCRX
SWIM
SWIM
Q1 26
1.6%
Q4 25
-7.0%
Q3 25
3.0%
5.0%
Q2 25
-2.7%
9.3%
Q1 25
2.8%
-5.4%
Q4 24
-33.4%
Q3 24
-85.1%
3.9%
Q2 24
10.6%
8.3%
EPS (diluted)
PCRX
PCRX
SWIM
SWIM
Q1 26
$0.07
Q4 25
$0.05
$-0.06
Q3 25
$0.12
$0.07
Q2 25
$-0.11
$0.13
Q1 25
$0.10
$-0.05
Q4 24
$0.38
$-0.24
Q3 24
$-3.11
$0.05
Q2 24
$0.39
$0.11

Balance Sheet & Financial Strength

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

Metric
PCRX
PCRX
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$144.3M
Total DebtLower is stronger
$279.8M
Stockholders' EquityBook value
$653.9M
$405.9M
Total Assets
$1.2B
$823.2M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCRX
PCRX
SWIM
SWIM
Q1 26
$144.3M
Q4 25
$238.4M
Q3 25
$246.3M
Q2 25
$445.9M
Q1 25
$493.6M
Q4 24
$484.6M
Q3 24
$453.8M
Q2 24
$404.2M
Total Debt
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
$372.2M
$279.8M
Q3 25
$376.7M
$281.1M
Q2 25
$580.5M
$281.5M
Q1 25
$583.4M
$306.9M
Q4 24
$585.3M
$281.5M
Q3 24
$282.8M
Q2 24
$282.4M
Stockholders' Equity
PCRX
PCRX
SWIM
SWIM
Q1 26
$653.9M
Q4 25
$693.1M
$405.9M
Q3 25
$727.2M
$408.4M
Q2 25
$757.8M
$398.4M
Q1 25
$798.5M
$381.1M
Q4 24
$778.3M
$387.2M
Q3 24
$749.6M
$416.6M
Q2 24
$879.3M
$408.1M
Total Assets
PCRX
PCRX
SWIM
SWIM
Q1 26
$1.2B
Q4 25
$1.3B
$823.2M
Q3 25
$1.3B
$844.4M
Q2 25
$1.5B
$822.1M
Q1 25
$1.6B
$824.6M
Q4 24
$1.6B
$794.2M
Q3 24
$1.5B
$853.4M
Q2 24
$1.6B
$830.0M
Debt / Equity
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
0.54×
0.69×
Q3 25
0.52×
0.69×
Q2 25
0.77×
0.71×
Q1 25
0.73×
0.81×
Q4 24
0.75×
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
PCRX
PCRX
SWIM
SWIM
Operating Cash FlowLast quarter
$23.3M
Free Cash FlowOCF − Capex
$14.1M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
9.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
$43.7M
$23.3M
Q3 25
$60.8M
$51.0M
Q2 25
$12.0M
$36.0M
Q1 25
$35.5M
$-46.9M
Q4 24
$33.1M
$6.2M
Q3 24
$53.9M
$37.2M
Q2 24
$53.2M
$52.4M
Free Cash Flow
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
$43.5M
$14.1M
Q3 25
$57.0M
$45.2M
Q2 25
$9.3M
$29.1M
Q1 25
$26.9M
$-50.3M
Q4 24
$31.0M
$-98.0K
Q3 24
$49.8M
$33.2M
Q2 24
$51.6M
$47.9M
FCF Margin
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
22.1%
14.1%
Q3 25
31.7%
27.9%
Q2 25
5.1%
16.8%
Q1 25
15.9%
-45.2%
Q4 24
16.6%
-0.1%
Q3 24
29.6%
22.1%
Q2 24
29.0%
29.9%
Capex Intensity
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
0.1%
9.2%
Q3 25
2.2%
3.6%
Q2 25
1.5%
4.0%
Q1 25
5.1%
3.1%
Q4 24
1.1%
7.2%
Q3 24
2.4%
2.7%
Q2 24
0.9%
2.8%
Cash Conversion
PCRX
PCRX
SWIM
SWIM
Q1 26
Q4 25
Q3 25
11.20×
6.29×
Q2 25
2.25×
Q1 25
7.37×
Q4 24
Q3 24
6.32×
Q2 24
2.82×
3.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

SWIM
SWIM

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

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