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Side-by-side financial comparison of Sezzle Inc. (SEZL) 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 $78.2M, roughly 1.3× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 54.6% vs -7.0%, a 61.6% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 14.5%). Sezzle Inc. produced more free cash flow last quarter ($70.6M vs $14.1M). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs -4.9%).
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
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.
SEZL vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $100.0M |
| Net Profit | $42.7M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 70.6% | -10.7% |
| Net Margin | 54.6% | -7.0% |
| Revenue YoY | 61.6% | 14.5% |
| Net Profit YoY | 68.3% | 76.0% |
| EPS (diluted) | $1.19 | $-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 | $78.2M | $100.0M | ||
| Q3 25 | $57.5M | $161.9M | ||
| Q2 25 | $52.0M | $172.6M | ||
| Q1 25 | $48.2M | $111.4M | ||
| Q4 24 | $48.4M | $87.3M | ||
| Q3 24 | $35.6M | $150.5M | ||
| Q2 24 | $30.2M | $160.1M | ||
| Q1 24 | $25.2M | $110.6M |
| Q4 25 | $42.7M | $-7.0M | ||
| Q3 25 | $26.7M | $8.1M | ||
| Q2 25 | $27.6M | $16.0M | ||
| Q1 25 | $36.2M | $-6.0M | ||
| Q4 24 | $25.4M | $-29.2M | ||
| Q3 24 | $15.4M | $5.9M | ||
| Q2 24 | $29.7M | $13.3M | ||
| Q1 24 | $8.0M | $-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 | 70.6% | -10.7% | ||
| Q3 25 | 61.9% | 13.3% | ||
| Q2 25 | 69.4% | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | 63.8% | -14.9% | ||
| Q3 24 | 58.6% | 8.9% | ||
| Q2 24 | 55.3% | 12.5% | ||
| Q1 24 | 54.8% | -1.9% |
| Q4 25 | 54.6% | -7.0% | ||
| Q3 25 | 46.4% | 5.0% | ||
| Q2 25 | 53.1% | 9.3% | ||
| Q1 25 | 75.1% | -5.4% | ||
| Q4 24 | 52.4% | -33.4% | ||
| Q3 24 | 43.4% | 3.9% | ||
| Q2 24 | 98.4% | 8.3% | ||
| Q1 24 | 31.7% | -7.1% |
| Q4 25 | $1.19 | $-0.06 | ||
| Q3 25 | $0.75 | $0.07 | ||
| Q2 25 | $0.78 | $0.13 | ||
| Q1 25 | $1.00 | $-0.05 | ||
| Q4 24 | $0.71 | $-0.24 | ||
| Q3 24 | $0.44 | $0.05 | ||
| Q2 24 | $0.82 | $0.11 | ||
| Q1 24 | $0.22 | $-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 | $64.1M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $169.8M | $405.9M |
| Total Assets | $400.2M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | — | ||
| Q3 25 | $104.1M | — | ||
| Q2 25 | $88.9M | — | ||
| Q1 25 | $88.9M | — | ||
| Q4 24 | $73.2M | — | ||
| Q3 24 | $80.1M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | $77.8M | — |
| 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 | $169.8M | $405.9M | ||
| Q3 25 | $155.3M | $408.4M | ||
| Q2 25 | $130.4M | $398.4M | ||
| Q1 25 | $125.8M | $381.1M | ||
| Q4 24 | $87.8M | $387.2M | ||
| Q3 24 | $61.1M | $416.6M | ||
| Q2 24 | $50.3M | $408.1M | ||
| Q1 24 | $29.6M | $391.8M |
| Q4 25 | $400.2M | $823.2M | ||
| Q3 25 | $367.0M | $844.4M | ||
| Q2 25 | $350.6M | $822.1M | ||
| Q1 25 | $298.1M | $824.6M | ||
| Q4 24 | $298.4M | $794.2M | ||
| Q3 24 | $252.9M | $853.4M | ||
| Q2 24 | $212.1M | $830.0M | ||
| Q1 24 | $195.7M | $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 | $70.6M | $23.3M |
| Free Cash FlowOCF − Capex | $70.6M | $14.1M |
| FCF MarginFCF / Revenue | 90.2% | 14.1% |
| Capex IntensityCapex / Revenue | 0.1% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $209.3M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.6M | $23.3M | ||
| Q3 25 | $63.7M | $51.0M | ||
| Q2 25 | $23.1M | $36.0M | ||
| Q1 25 | $52.5M | $-46.9M | ||
| Q4 24 | $57.4M | $6.2M | ||
| Q3 24 | $35.1M | $37.2M | ||
| Q2 24 | $22.2M | $52.4M | ||
| Q1 24 | $16.0M | $-34.5M |
| Q4 25 | $70.6M | $14.1M | ||
| Q3 25 | $63.6M | $45.2M | ||
| Q2 25 | $22.7M | $29.1M | ||
| Q1 25 | $52.5M | $-50.3M | ||
| Q4 24 | $57.4M | $-98.0K | ||
| Q3 24 | $35.1M | $33.2M | ||
| Q2 24 | $22.2M | $47.9M | ||
| Q1 24 | $16.0M | $-39.9M |
| Q4 25 | 90.2% | 14.1% | ||
| Q3 25 | 110.6% | 27.9% | ||
| Q2 25 | 43.6% | 16.8% | ||
| Q1 25 | 108.9% | -45.2% | ||
| Q4 24 | 118.5% | -0.1% | ||
| Q3 24 | 98.6% | 22.1% | ||
| Q2 24 | 73.4% | 29.9% | ||
| Q1 24 | 63.3% | -36.0% |
| Q4 25 | 0.1% | 9.2% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 0.1% | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.0% | 4.8% |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 2.39× | 6.29× | ||
| Q2 25 | 0.84× | 2.25× | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 2.26× | — | ||
| Q3 24 | 2.27× | 6.32× | ||
| Q2 24 | 0.75× | 3.95× | ||
| Q1 24 | 2.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
