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Side-by-side financial comparison of PTC THERAPEUTICS, INC. (PTCT) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $100.0M, roughly 1.6× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -82.0%, a 74.9% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -22.7%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-36.6M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -11.5%).
PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.
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.
PTCT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.7M | $100.0M |
| Net Profit | $-135.0M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -43.3% | -10.7% |
| Net Margin | -82.0% | -7.0% |
| Revenue YoY | -22.7% | 14.5% |
| Net Profit YoY | -104.8% | 76.0% |
| EPS (diluted) | $-1.63 | $-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 | $164.7M | $100.0M | ||
| Q3 25 | $211.0M | $161.9M | ||
| Q2 25 | $178.9M | $172.6M | ||
| Q1 25 | $1.2B | $111.4M | ||
| Q4 24 | $213.2M | $87.3M | ||
| Q3 24 | $196.8M | $150.5M | ||
| Q2 24 | $186.7M | $160.1M | ||
| Q1 24 | $210.1M | $110.6M |
| Q4 25 | $-135.0M | $-7.0M | ||
| Q3 25 | $15.9M | $8.1M | ||
| Q2 25 | $-64.8M | $16.0M | ||
| Q1 25 | $866.6M | $-6.0M | ||
| Q4 24 | $-65.9M | $-29.2M | ||
| Q3 24 | $-106.7M | $5.9M | ||
| Q2 24 | $-99.2M | $13.3M | ||
| Q1 24 | $-91.6M | $-7.9M |
| 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 24 | — | 27.7% |
| Q4 25 | -43.3% | -10.7% | ||
| Q3 25 | 1.4% | 13.3% | ||
| Q2 25 | -19.5% | 14.3% | ||
| Q1 25 | 82.5% | -4.4% | ||
| Q4 24 | -76.2% | -14.9% | ||
| Q3 24 | -27.7% | 8.9% | ||
| Q2 24 | -21.5% | 12.5% | ||
| Q1 24 | -21.6% | -1.9% |
| Q4 25 | -82.0% | -7.0% | ||
| Q3 25 | 7.5% | 5.0% | ||
| Q2 25 | -36.3% | 9.3% | ||
| Q1 25 | 73.7% | -5.4% | ||
| Q4 24 | -30.9% | -33.4% | ||
| Q3 24 | -54.2% | 3.9% | ||
| Q2 24 | -53.1% | 8.3% | ||
| Q1 24 | -43.6% | -7.1% |
| Q4 25 | $-1.63 | $-0.06 | ||
| Q3 25 | $0.20 | $0.07 | ||
| Q2 25 | $-0.83 | $0.13 | ||
| Q1 25 | $10.04 | $-0.05 | ||
| Q4 24 | $-0.85 | $-0.24 | ||
| Q3 24 | $-1.39 | $0.05 | ||
| Q2 24 | $-1.29 | $0.11 | ||
| Q1 24 | $-1.20 | $-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 | $1.9B | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $-205.3M | $405.9M |
| Total Assets | $2.9B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $884.8M | — |
| 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 | $-205.3M | $405.9M | ||
| Q3 25 | $-155.8M | $408.4M | ||
| Q2 25 | $-206.5M | $398.4M | ||
| Q1 25 | $-185.8M | $381.1M | ||
| Q4 24 | $-1.1B | $387.2M | ||
| Q3 24 | $-1.1B | $416.6M | ||
| Q2 24 | $-980.2M | $408.1M | ||
| Q1 24 | $-893.9M | $391.8M |
| Q4 25 | $2.9B | $823.2M | ||
| Q3 25 | $2.6B | $844.4M | ||
| Q2 25 | $2.6B | $822.1M | ||
| Q1 25 | $2.7B | $824.6M | ||
| Q4 24 | $1.7B | $794.2M | ||
| Q3 24 | $1.8B | $853.4M | ||
| Q2 24 | $1.9B | $830.0M | ||
| Q1 24 | $1.8B | $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 | $-34.3M | $23.3M |
| Free Cash FlowOCF − Capex | $-36.6M | $14.1M |
| FCF MarginFCF / Revenue | -22.3% | 14.1% |
| Capex IntensityCapex / Revenue | 1.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $702.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.3M | $23.3M | ||
| Q3 25 | $-66.3M | $51.0M | ||
| Q2 25 | $-58.3M | $36.0M | ||
| Q1 25 | $870.1M | $-46.9M | ||
| Q4 24 | $-30.0M | $6.2M | ||
| Q3 24 | $-77.0M | $37.2M | ||
| Q2 24 | $-71.5M | $52.4M | ||
| Q1 24 | $70.8M | $-34.5M |
| Q4 25 | $-36.6M | $14.1M | ||
| Q3 25 | $-69.7M | $45.2M | ||
| Q2 25 | $-59.6M | $29.1M | ||
| Q1 25 | $868.4M | $-50.3M | ||
| Q4 24 | $-33.8M | $-98.0K | ||
| Q3 24 | $-77.5M | $33.2M | ||
| Q2 24 | $-78.8M | $47.9M | ||
| Q1 24 | $61.2M | $-39.9M |
| Q4 25 | -22.3% | 14.1% | ||
| Q3 25 | -33.1% | 27.9% | ||
| Q2 25 | -33.3% | 16.8% | ||
| Q1 25 | 73.8% | -45.2% | ||
| Q4 24 | -15.8% | -0.1% | ||
| Q3 24 | -39.4% | 22.1% | ||
| Q2 24 | -42.2% | 29.9% | ||
| Q1 24 | 29.1% | -36.0% |
| Q4 25 | 1.4% | 9.2% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 0.7% | 4.0% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 1.8% | 7.2% | ||
| Q3 24 | 0.3% | 2.7% | ||
| Q2 24 | 4.0% | 2.8% | ||
| Q1 24 | 4.6% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | -4.17× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 1.00× | — | ||
| 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
PTCT
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
