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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $100.0M, roughly 1.9× Latham Group, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -7.0%, a 55.0% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -21.9%). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -15.4%).
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.
RILY vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.3M | $100.0M |
| Net Profit | $90.3M | $-7.0M |
| Gross Margin | 79.5% | 28.0% |
| Operating Margin | 32.3% | -10.7% |
| Net Margin | 47.9% | -7.0% |
| Revenue YoY | -21.9% | 14.5% |
| Net Profit YoY | 1710.8% | 76.0% |
| EPS (diluted) | $2.78 | $-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 | $188.3M | $100.0M | ||
| Q3 25 | $215.3M | $161.9M | ||
| Q2 25 | $188.2M | $172.6M | ||
| Q1 25 | $197.2M | $111.4M | ||
| Q4 24 | $241.0M | $87.3M | ||
| Q3 24 | $225.5M | $150.5M | ||
| Q2 24 | $256.0M | $160.1M | ||
| Q1 24 | $263.4M | $110.6M |
| Q4 25 | $90.3M | $-7.0M | ||
| Q3 25 | $91.1M | $8.1M | ||
| Q2 25 | $139.5M | $16.0M | ||
| Q1 25 | $-10.0M | $-6.0M | ||
| Q4 24 | $-5.6M | $-29.2M | ||
| Q3 24 | $-284.4M | $5.9M | ||
| Q2 24 | $-433.6M | $13.3M | ||
| Q1 24 | $-49.2M | $-7.9M |
| Q4 25 | 79.5% | 28.0% | ||
| Q3 25 | 83.7% | 35.4% | ||
| Q2 25 | 81.3% | 37.1% | ||
| Q1 25 | 81.4% | 29.5% | ||
| Q4 24 | 79.8% | 24.6% | ||
| Q3 24 | 82.1% | 32.4% | ||
| Q2 24 | 84.5% | 33.1% | ||
| Q1 24 | 85.3% | 27.7% |
| Q4 25 | 32.3% | -10.7% | ||
| Q3 25 | 30.4% | 13.3% | ||
| Q2 25 | 5.7% | 14.3% | ||
| Q1 25 | -31.2% | -4.4% | ||
| Q4 24 | -69.2% | -14.9% | ||
| Q3 24 | -36.4% | 8.9% | ||
| Q2 24 | -90.8% | 12.5% | ||
| Q1 24 | -6.1% | -1.9% |
| Q4 25 | 47.9% | -7.0% | ||
| Q3 25 | 42.3% | 5.0% | ||
| Q2 25 | 74.1% | 9.3% | ||
| Q1 25 | -5.1% | -5.4% | ||
| Q4 24 | -2.3% | -33.4% | ||
| Q3 24 | -126.1% | 3.9% | ||
| Q2 24 | -169.4% | 8.3% | ||
| Q1 24 | -18.7% | -7.1% |
| Q4 25 | $2.78 | $-0.06 | ||
| Q3 25 | $2.91 | $0.07 | ||
| Q2 25 | $4.50 | $0.13 | ||
| Q1 25 | $-0.39 | $-0.05 | ||
| Q4 24 | $-0.01 | $-0.24 | ||
| Q3 24 | $-9.39 | $0.05 | ||
| Q2 24 | $-14.35 | $0.11 | ||
| Q1 24 | $-1.71 | $-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 | $226.6M | — |
| Total DebtLower is stronger | $1.4B | $279.8M |
| Stockholders' EquityBook value | $-171.5M | $405.9M |
| Total Assets | $1.7B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.6M | — | ||
| Q3 25 | $184.2M | — | ||
| Q2 25 | $267.4M | — | ||
| Q1 25 | $138.3M | — | ||
| Q4 24 | $146.9M | — | ||
| Q3 24 | $159.2M | — | ||
| Q2 24 | $236.9M | — | ||
| Q1 24 | $190.7M | — |
| Q4 25 | $1.4B | $279.8M | ||
| Q3 25 | $1.3B | $281.1M | ||
| Q2 25 | $1.3B | $281.5M | ||
| Q1 25 | $1.4B | $306.9M | ||
| Q4 24 | $1.5B | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $-171.5M | $405.9M | ||
| Q3 25 | $-260.5M | $408.4M | ||
| Q2 25 | $-351.7M | $398.4M | ||
| Q1 25 | $-496.8M | $381.1M | ||
| Q4 24 | $-488.2M | $387.2M | ||
| Q3 24 | $-497.6M | $416.6M | ||
| Q2 24 | $-218.3M | $408.1M | ||
| Q1 24 | $228.4M | $391.8M |
| Q4 25 | $1.7B | $823.2M | ||
| Q3 25 | $1.7B | $844.4M | ||
| Q2 25 | $1.5B | $822.1M | ||
| Q1 25 | $1.5B | $824.6M | ||
| Q4 24 | $1.8B | $794.2M | ||
| Q3 24 | $2.2B | $853.4M | ||
| Q2 24 | $3.2B | $830.0M | ||
| Q1 24 | $5.0B | $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 | $26.2M | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $23.3M | ||
| Q3 25 | $-60.6M | $51.0M | ||
| Q2 25 | $-25.6M | $36.0M | ||
| Q1 25 | $184.0K | $-46.9M | ||
| Q4 24 | $-2.7M | $6.2M | ||
| Q3 24 | $19.5M | $37.2M | ||
| Q2 24 | $111.5M | $52.4M | ||
| Q1 24 | $135.4M | $-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 | 0.29× | — | ||
| Q3 25 | -0.66× | 6.29× | ||
| Q2 25 | -0.18× | 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
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
