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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 2.0× READING INTERNATIONAL INC). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -7.0%, a 1.9% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -14.2%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -4.9%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $100.0M |
| Net Profit | $-2.6M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -1.9% | -10.7% |
| Net Margin | -5.1% | -7.0% |
| Revenue YoY | -14.2% | 14.5% |
| Net Profit YoY | -14.5% | 76.0% |
| EPS (diluted) | $-0.11 | $-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 | $50.3M | $100.0M | ||
| Q3 25 | $52.2M | $161.9M | ||
| Q2 25 | $60.4M | $172.6M | ||
| Q1 25 | $40.2M | $111.4M | ||
| Q4 24 | $58.6M | $87.3M | ||
| Q3 24 | $60.1M | $150.5M | ||
| Q2 24 | $46.8M | $160.1M | ||
| Q1 24 | $45.1M | $110.6M |
| Q4 25 | $-2.6M | $-7.0M | ||
| Q3 25 | $-4.2M | $8.1M | ||
| Q2 25 | $-2.7M | $16.0M | ||
| Q1 25 | $-4.8M | $-6.0M | ||
| Q4 24 | $-2.2M | $-29.2M | ||
| Q3 24 | $-7.0M | $5.9M | ||
| Q2 24 | $-12.8M | $13.3M | ||
| Q1 24 | $-13.2M | $-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 | -1.9% | -10.7% | ||
| Q3 25 | -0.6% | 13.3% | ||
| Q2 25 | 4.8% | 14.3% | ||
| Q1 25 | -17.2% | -4.4% | ||
| Q4 24 | 2.6% | -14.9% | ||
| Q3 24 | -0.6% | 8.9% | ||
| Q2 24 | -16.4% | 12.5% | ||
| Q1 24 | -16.7% | -1.9% |
| Q4 25 | -5.1% | -7.0% | ||
| Q3 25 | -8.0% | 5.0% | ||
| Q2 25 | -4.4% | 9.3% | ||
| Q1 25 | -11.8% | -5.4% | ||
| Q4 24 | -3.8% | -33.4% | ||
| Q3 24 | -11.7% | 3.9% | ||
| Q2 24 | -27.4% | 8.3% | ||
| Q1 24 | -29.4% | -7.1% |
| Q4 25 | $-0.11 | $-0.06 | ||
| Q3 25 | $-0.18 | $0.07 | ||
| Q2 25 | $-0.12 | $0.13 | ||
| Q1 25 | $-0.21 | $-0.05 | ||
| Q4 24 | $-0.11 | $-0.24 | ||
| Q3 24 | $-0.31 | $0.05 | ||
| Q2 24 | $-0.57 | $0.11 | ||
| Q1 24 | $-0.59 | $-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 | $10.5M | — |
| Total DebtLower is stronger | $185.1M | $279.8M |
| Stockholders' EquityBook value | $-18.2M | $405.9M |
| Total Assets | $434.9M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | — | ||
| Q3 25 | $8.1M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $5.9M | — | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $10.1M | — | ||
| Q2 24 | $9.3M | — | ||
| Q1 24 | $7.5M | — |
| Q4 25 | $185.1M | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $202.7M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $-18.2M | $405.9M | ||
| Q3 25 | $-12.1M | $408.4M | ||
| Q2 25 | $-7.7M | $398.4M | ||
| Q1 25 | $-8.1M | $381.1M | ||
| Q4 24 | $-4.4M | $387.2M | ||
| Q3 24 | $1.6M | $416.6M | ||
| Q2 24 | $6.5M | $408.1M | ||
| Q1 24 | $18.0M | $391.8M |
| Q4 25 | $434.9M | $823.2M | ||
| Q3 25 | $435.2M | $844.4M | ||
| Q2 25 | $438.1M | $822.1M | ||
| Q1 25 | $441.0M | $824.6M | ||
| Q4 24 | $471.0M | $794.2M | ||
| Q3 24 | $495.7M | $853.4M | ||
| Q2 24 | $494.9M | $830.0M | ||
| Q1 24 | $494.9M | $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 | $4.3M | $23.3M |
| Free Cash FlowOCF − Capex | $4.1M | $14.1M |
| FCF MarginFCF / Revenue | 8.2% | 14.1% |
| Capex IntensityCapex / Revenue | 0.3% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $23.3M | ||
| Q3 25 | $295.0K | $51.0M | ||
| Q2 25 | $1.6M | $36.0M | ||
| Q1 25 | $-7.7M | $-46.9M | ||
| Q4 24 | $8.0M | $6.2M | ||
| Q3 24 | $1.3M | $37.2M | ||
| Q2 24 | $-10.4M | $52.4M | ||
| Q1 24 | $-2.8M | $-34.5M |
| Q4 25 | $4.1M | $14.1M | ||
| Q3 25 | $-246.0K | $45.2M | ||
| Q2 25 | $1.2M | $29.1M | ||
| Q1 25 | $-8.0M | $-50.3M | ||
| Q4 24 | $7.0M | $-98.0K | ||
| Q3 24 | $-1.1M | $33.2M | ||
| Q2 24 | $-10.6M | $47.9M | ||
| Q1 24 | $-4.7M | $-39.9M |
| Q4 25 | 8.2% | 14.1% | ||
| Q3 25 | -0.5% | 27.9% | ||
| Q2 25 | 1.9% | 16.8% | ||
| Q1 25 | -19.8% | -45.2% | ||
| Q4 24 | 12.0% | -0.1% | ||
| Q3 24 | -1.8% | 22.1% | ||
| Q2 24 | -22.7% | 29.9% | ||
| Q1 24 | -10.4% | -36.0% |
| Q4 25 | 0.3% | 9.2% | ||
| Q3 25 | 1.0% | 3.6% | ||
| Q2 25 | 0.6% | 4.0% | ||
| Q1 25 | 0.6% | 3.1% | ||
| Q4 24 | 1.7% | 7.2% | ||
| Q3 24 | 4.0% | 2.7% | ||
| Q2 24 | 0.5% | 2.8% | ||
| Q1 24 | 4.3% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| 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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
