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Side-by-side financial comparison of RING ENERGY, INC. (REI) 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 $66.9M, roughly 1.5× RING ENERGY, INC.). On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -19.8%). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -15.9%).
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
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.
REI vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $100.0M |
| Net Profit | — | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -37.6% | -10.7% |
| Net Margin | — | -7.0% |
| Revenue YoY | -19.8% | 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.
| Q4 25 | $66.9M | $100.0M | ||
| Q3 25 | $78.6M | $161.9M | ||
| Q2 25 | $82.6M | $172.6M | ||
| Q1 25 | $79.1M | $111.4M | ||
| Q4 24 | $83.4M | $87.3M | ||
| Q3 24 | $89.2M | $150.5M | ||
| Q2 24 | $99.1M | $160.1M | ||
| Q1 24 | $94.5M | $110.6M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $-51.6M | $8.1M | ||
| Q2 25 | $20.6M | $16.0M | ||
| Q1 25 | $9.1M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $33.9M | $5.9M | ||
| Q2 24 | $22.4M | $13.3M | ||
| Q1 24 | $5.5M | $-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 | -37.6% | -10.7% | ||
| Q3 25 | -70.0% | 13.3% | ||
| Q2 25 | 28.4% | 14.3% | ||
| Q1 25 | 28.3% | -4.4% | ||
| Q4 24 | 28.3% | -14.9% | ||
| Q3 24 | 33.4% | 8.9% | ||
| Q2 24 | 42.2% | 12.5% | ||
| Q1 24 | 39.8% | -1.9% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | -65.7% | 5.0% | ||
| Q2 25 | 25.0% | 9.3% | ||
| Q1 25 | 11.5% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | 38.0% | 3.9% | ||
| Q2 24 | 22.6% | 8.3% | ||
| Q1 24 | 5.8% | -7.1% |
| Q4 25 | $-0.07 | $-0.06 | ||
| Q3 25 | $-0.25 | $0.07 | ||
| Q2 25 | $0.10 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $0.03 | $-0.24 | ||
| Q3 24 | $0.17 | $0.05 | ||
| Q2 24 | $0.11 | $0.11 | ||
| Q1 24 | $0.03 | $-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 | $902.9K | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $836.3M | $405.9M |
| Total Assets | $1.4B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $902.9K | — | ||
| Q3 25 | $286.9K | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $1.4M | — |
| 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 | $836.3M | $405.9M | ||
| Q3 25 | $847.7M | $408.4M | ||
| Q2 25 | $897.9M | $398.4M | ||
| Q1 25 | $876.0M | $381.1M | ||
| Q4 24 | $858.6M | $387.2M | ||
| Q3 24 | $851.3M | $416.6M | ||
| Q2 24 | $817.4M | $408.1M | ||
| Q1 24 | $793.0M | $391.8M |
| Q4 25 | $1.4B | $823.2M | ||
| Q3 25 | $1.4B | $844.4M | ||
| Q2 25 | $1.5B | $822.1M | ||
| Q1 25 | $1.5B | $824.6M | ||
| Q4 24 | $1.4B | $794.2M | ||
| Q3 24 | $1.4B | $853.4M | ||
| Q2 24 | $1.4B | $830.0M | ||
| Q1 24 | $1.4B | $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 | $44.7M | $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.
| Q4 25 | $44.7M | $23.3M | ||
| Q3 25 | $44.5M | $51.0M | ||
| Q2 25 | $33.3M | $36.0M | ||
| Q1 25 | $28.4M | $-46.9M | ||
| Q4 24 | $47.3M | $6.2M | ||
| Q3 24 | $51.3M | $37.2M | ||
| Q2 24 | $50.6M | $52.4M | ||
| Q1 24 | $45.2M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 1.61× | 2.25× | ||
| Q1 25 | 3.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.52× | 6.32× | ||
| Q2 24 | 2.26× | 3.95× | ||
| Q1 24 | 8.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REI
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
