vs

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

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $117.3M, roughly 1.8× Latham Group, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -7.3%, a 26.1% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 5.3%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -14.4%).

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

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.

RAMP vs SWIM — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.8× larger
RAMP
$212.2M
$117.3M
SWIM
Growing faster (revenue YoY)
RAMP
RAMP
+3.3% gap
RAMP
8.6%
5.3%
SWIM
Higher net margin
RAMP
RAMP
26.1% more per $
RAMP
18.8%
-7.3%
SWIM
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-14.4%
SWIM

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
RAMP
RAMP
SWIM
SWIM
Revenue
$212.2M
$117.3M
Net Profit
$39.9M
$-8.5M
Gross Margin
71.9%
31.7%
Operating Margin
18.6%
Net Margin
18.8%
-7.3%
Revenue YoY
8.6%
5.3%
Net Profit YoY
255.7%
-43.1%
EPS (diluted)
$0.62
$-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.

Revenue
RAMP
RAMP
SWIM
SWIM
Q1 26
$117.3M
Q4 25
$212.2M
$100.0M
Q3 25
$199.8M
$161.9M
Q2 25
$194.8M
$172.6M
Q1 25
$188.7M
$111.4M
Q4 24
$195.4M
$87.3M
Q3 24
$185.5M
$150.5M
Q2 24
$176.0M
$160.1M
Net Profit
RAMP
RAMP
SWIM
SWIM
Q1 26
$-8.5M
Q4 25
$39.9M
$-7.0M
Q3 25
$27.4M
$8.1M
Q2 25
$7.7M
$16.0M
Q1 25
$-6.3M
$-6.0M
Q4 24
$11.2M
$-29.2M
Q3 24
$1.7M
$5.9M
Q2 24
$-7.5M
$13.3M
Gross Margin
RAMP
RAMP
SWIM
SWIM
Q1 26
31.7%
Q4 25
71.9%
28.0%
Q3 25
70.2%
35.4%
Q2 25
70.1%
37.1%
Q1 25
69.3%
29.5%
Q4 24
71.9%
24.6%
Q3 24
72.4%
32.4%
Q2 24
70.6%
33.1%
Operating Margin
RAMP
RAMP
SWIM
SWIM
Q1 26
Q4 25
18.6%
-10.7%
Q3 25
10.7%
13.3%
Q2 25
3.7%
14.3%
Q1 25
-6.1%
-4.4%
Q4 24
7.5%
-14.9%
Q3 24
4.0%
8.9%
Q2 24
-3.0%
12.5%
Net Margin
RAMP
RAMP
SWIM
SWIM
Q1 26
-7.3%
Q4 25
18.8%
-7.0%
Q3 25
13.7%
5.0%
Q2 25
4.0%
9.3%
Q1 25
-3.3%
-5.4%
Q4 24
5.7%
-33.4%
Q3 24
0.9%
3.9%
Q2 24
-4.3%
8.3%
EPS (diluted)
RAMP
RAMP
SWIM
SWIM
Q1 26
$-0.07
Q4 25
$0.62
$-0.06
Q3 25
$0.42
$0.07
Q2 25
$0.12
$0.13
Q1 25
$-0.10
$-0.05
Q4 24
$0.17
$-0.24
Q3 24
$0.03
$0.05
Q2 24
$-0.11
$0.11

Balance Sheet & Financial Strength

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

Metric
RAMP
RAMP
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$403.4M
Total DebtLower is stronger
$3.3M
Stockholders' EquityBook value
$962.3M
$396.7M
Total Assets
$1.3B
$856.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RAMP
RAMP
SWIM
SWIM
Q1 26
Q4 25
$403.4M
Q3 25
$376.9M
Q2 25
$371.1M
Q1 25
$420.8M
Q4 24
$384.3M
Q3 24
$348.4M
Q2 24
$342.7M
Total Debt
RAMP
RAMP
SWIM
SWIM
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
Stockholders' Equity
RAMP
RAMP
SWIM
SWIM
Q1 26
$396.7M
Q4 25
$962.3M
$405.9M
Q3 25
$943.8M
$408.4M
Q2 25
$947.8M
$398.4M
Q1 25
$948.9M
$381.1M
Q4 24
$957.7M
$387.2M
Q3 24
$932.1M
$416.6M
Q2 24
$951.9M
$408.1M
Total Assets
RAMP
RAMP
SWIM
SWIM
Q1 26
$856.4M
Q4 25
$1.3B
$823.2M
Q3 25
$1.2B
$844.4M
Q2 25
$1.2B
$822.1M
Q1 25
$1.3B
$824.6M
Q4 24
$1.3B
$794.2M
Q3 24
$1.2B
$853.4M
Q2 24
$1.2B
$830.0M
Debt / Equity
RAMP
RAMP
SWIM
SWIM
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
RAMP
RAMP
SWIM
SWIM
Operating Cash FlowLast quarter
$-47.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RAMP
RAMP
SWIM
SWIM
Q1 26
$-47.7M
Q4 25
$23.3M
Q3 25
$57.4M
$51.0M
Q2 25
$-15.8M
$36.0M
Q1 25
$-46.9M
Q4 24
$45.1M
$6.2M
Q3 24
$55.6M
$37.2M
Q2 24
$-9.3M
$52.4M
Free Cash Flow
RAMP
RAMP
SWIM
SWIM
Q1 26
Q4 25
$14.1M
Q3 25
$56.8M
$45.2M
Q2 25
$-16.2M
$29.1M
Q1 25
$-50.3M
Q4 24
$44.8M
$-98.0K
Q3 24
$55.4M
$33.2M
Q2 24
$-9.6M
$47.9M
FCF Margin
RAMP
RAMP
SWIM
SWIM
Q1 26
Q4 25
14.1%
Q3 25
28.4%
27.9%
Q2 25
-8.3%
16.8%
Q1 25
-45.2%
Q4 24
22.9%
-0.1%
Q3 24
29.8%
22.1%
Q2 24
-5.4%
29.9%
Capex Intensity
RAMP
RAMP
SWIM
SWIM
Q1 26
Q4 25
0.1%
9.2%
Q3 25
0.3%
3.6%
Q2 25
0.2%
4.0%
Q1 25
0.2%
3.1%
Q4 24
0.1%
7.2%
Q3 24
0.1%
2.7%
Q2 24
0.1%
2.8%
Cash Conversion
RAMP
RAMP
SWIM
SWIM
Q1 26
Q4 25
Q3 25
2.09×
6.29×
Q2 25
-2.04×
2.25×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
6.32×
Q2 24
3.95×

Financial Flow Comparison

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

Related Comparisons