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Side-by-side financial comparison of POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $100.0M, roughly 1.9× Latham Group, Inc.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -7.0%, a 15.4% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs -4.9%).
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
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.
PSIX vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $100.0M |
| Net Profit | $16.1M | $-7.0M |
| Gross Margin | 21.9% | 28.0% |
| Operating Margin | 12.7% | -10.7% |
| Net Margin | 8.4% | -7.0% |
| Revenue YoY | 32.5% | 14.5% |
| Net Profit YoY | -31.0% | 76.0% |
| EPS (diluted) | $0.69 | $-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 | $191.2M | $100.0M | ||
| Q3 25 | $203.8M | $161.9M | ||
| Q2 25 | $191.9M | $172.6M | ||
| Q1 25 | $135.4M | $111.4M | ||
| Q4 24 | $144.3M | $87.3M | ||
| Q3 24 | $125.8M | $150.5M | ||
| Q2 24 | $110.6M | $160.1M | ||
| Q1 24 | $95.2M | $110.6M |
| Q4 25 | $16.1M | $-7.0M | ||
| Q3 25 | $27.6M | $8.1M | ||
| Q2 25 | $51.2M | $16.0M | ||
| Q1 25 | $19.1M | $-6.0M | ||
| Q4 24 | $23.3M | $-29.2M | ||
| Q3 24 | $17.3M | $5.9M | ||
| Q2 24 | $21.5M | $13.3M | ||
| Q1 24 | $7.1M | $-7.9M |
| Q4 25 | 21.9% | 28.0% | ||
| Q3 25 | 23.9% | 35.4% | ||
| Q2 25 | 28.2% | 37.1% | ||
| Q1 25 | 29.7% | 29.5% | ||
| Q4 24 | 29.9% | 24.6% | ||
| Q3 24 | 28.9% | 32.4% | ||
| Q2 24 | 31.8% | 33.1% | ||
| Q1 24 | 27.0% | 27.7% |
| Q4 25 | 12.7% | -10.7% | ||
| Q3 25 | 13.9% | 13.3% | ||
| Q2 25 | 16.9% | 14.3% | ||
| Q1 25 | 18.2% | -4.4% | ||
| Q4 24 | 17.5% | -14.9% | ||
| Q3 24 | 16.3% | 8.9% | ||
| Q2 24 | 22.9% | 12.5% | ||
| Q1 24 | 11.2% | -1.9% |
| Q4 25 | 8.4% | -7.0% | ||
| Q3 25 | 13.5% | 5.0% | ||
| Q2 25 | 26.7% | 9.3% | ||
| Q1 25 | 14.1% | -5.4% | ||
| Q4 24 | 16.1% | -33.4% | ||
| Q3 24 | 13.8% | 3.9% | ||
| Q2 24 | 19.5% | 8.3% | ||
| Q1 24 | 7.5% | -7.1% |
| Q4 25 | $0.69 | $-0.06 | ||
| Q3 25 | $1.20 | $0.07 | ||
| Q2 25 | $2.22 | $0.13 | ||
| Q1 25 | $0.83 | $-0.05 | ||
| Q4 24 | $1.01 | $-0.24 | ||
| Q3 24 | $0.75 | $0.05 | ||
| Q2 24 | $0.94 | $0.11 | ||
| Q1 24 | $0.31 | $-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 | $41.3M | — |
| Total DebtLower is stronger | $96.6M | $279.8M |
| Stockholders' EquityBook value | $178.6M | $405.9M |
| Total Assets | $424.7M | $823.2M |
| Debt / EquityLower = less leverage | 0.54× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | — | ||
| Q3 25 | $49.0M | — | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $50.0M | — | ||
| Q4 24 | $55.3M | — | ||
| Q3 24 | $40.5M | — | ||
| Q2 24 | $28.8M | — | ||
| Q1 24 | $33.1M | — |
| Q4 25 | $96.6M | $279.8M | ||
| Q3 25 | $96.7M | $281.1M | ||
| Q2 25 | $1.8M | $281.5M | ||
| Q1 25 | $1.0M | $306.9M | ||
| Q4 24 | $184.0K | $281.5M | ||
| Q3 24 | $238.0K | $282.8M | ||
| Q2 24 | $292.0K | $282.4M | ||
| Q1 24 | $345.0K | $282.8M |
| Q4 25 | $178.6M | $405.9M | ||
| Q3 25 | $162.5M | $408.4M | ||
| Q2 25 | $135.7M | $398.4M | ||
| Q1 25 | $84.3M | $381.1M | ||
| Q4 24 | $65.3M | $387.2M | ||
| Q3 24 | $42.1M | $416.6M | ||
| Q2 24 | $24.8M | $408.1M | ||
| Q1 24 | $3.2M | $391.8M |
| Q4 25 | $424.7M | $823.2M | ||
| Q3 25 | $458.9M | $844.4M | ||
| Q2 25 | $437.7M | $822.1M | ||
| Q1 25 | $372.7M | $824.6M | ||
| Q4 24 | $328.2M | $794.2M | ||
| Q3 24 | $339.1M | $853.4M | ||
| Q2 24 | $307.6M | $830.0M | ||
| Q1 24 | $286.8M | $808.6M |
| Q4 25 | 0.54× | 0.69× | ||
| Q3 25 | 0.60× | 0.69× | ||
| Q2 25 | 0.01× | 0.71× | ||
| Q1 25 | 0.01× | 0.81× | ||
| Q4 24 | 0.00× | 0.73× | ||
| Q3 24 | 0.01× | 0.68× | ||
| Q2 24 | 0.01× | 0.69× | ||
| Q1 24 | 0.11× | 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 | $-4.6M | $23.3M |
| Free Cash FlowOCF − Capex | $-7.6M | $14.1M |
| FCF MarginFCF / Revenue | -4.0% | 14.1% |
| Capex IntensityCapex / Revenue | 1.6% | 9.2% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.6M | $23.3M | ||
| Q3 25 | $3.3M | $51.0M | ||
| Q2 25 | $16.7M | $36.0M | ||
| Q1 25 | $8.8M | $-46.9M | ||
| Q4 24 | $32.7M | $6.2M | ||
| Q3 24 | $12.6M | $37.2M | ||
| Q2 24 | $1.5M | $52.4M | ||
| Q1 24 | $15.6M | $-34.5M |
| Q4 25 | $-7.6M | $14.1M | ||
| Q3 25 | $1.7M | $45.2M | ||
| Q2 25 | $14.6M | $29.1M | ||
| Q1 25 | $5.4M | $-50.3M | ||
| Q4 24 | $30.0M | $-98.0K | ||
| Q3 24 | $12.1M | $33.2M | ||
| Q2 24 | $822.0K | $47.9M | ||
| Q1 24 | $14.8M | $-39.9M |
| Q4 25 | -4.0% | 14.1% | ||
| Q3 25 | 0.8% | 27.9% | ||
| Q2 25 | 7.6% | 16.8% | ||
| Q1 25 | 4.0% | -45.2% | ||
| Q4 24 | 20.8% | -0.1% | ||
| Q3 24 | 9.7% | 22.1% | ||
| Q2 24 | 0.7% | 29.9% | ||
| Q1 24 | 15.6% | -36.0% |
| Q4 25 | 1.6% | 9.2% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 2.5% | 3.1% | ||
| Q4 24 | 1.8% | 7.2% | ||
| Q3 24 | 0.3% | 2.7% | ||
| Q2 24 | 0.6% | 2.8% | ||
| Q1 24 | 0.9% | 4.8% |
| Q4 25 | -0.29× | — | ||
| Q3 25 | 0.12× | 6.29× | ||
| Q2 25 | 0.33× | 2.25× | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 0.73× | 6.32× | ||
| Q2 24 | 0.07× | 3.95× | ||
| Q1 24 | 2.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
