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Side-by-side financial comparison of Skillsoft Corp. (SKIL) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Skillsoft Corp. is the larger business by last-quarter revenue ($129.0M vs $100.0M, roughly 1.3× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -32.0%, a 25.0% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -6.0%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-19.3M). Over the past eight quarters, Skillsoft Corp.'s revenue compounded faster (-3.2% CAGR vs -4.9%).
Skillsoft is an American educational technology company that produces learning management system software and content.
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.
SKIL vs SWIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $129.0M | $100.0M |
| Net Profit | $-41.3M | $-7.0M |
| Gross Margin | 72.7% | 28.0% |
| Operating Margin | -26.6% | -10.7% |
| Net Margin | -32.0% | -7.0% |
| Revenue YoY | -6.0% | 14.5% |
| Net Profit YoY | -74.9% | 76.0% |
| EPS (diluted) | — | $-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 | $129.0M | $100.0M | ||
| Q3 25 | $128.8M | $161.9M | ||
| Q2 25 | $124.2M | $172.6M | ||
| Q1 25 | $133.8M | $111.4M | ||
| Q4 24 | $137.2M | $87.3M | ||
| Q3 24 | $132.2M | $150.5M | ||
| Q2 24 | $127.8M | $160.1M | ||
| Q1 24 | $137.5M | $110.6M |
| Q4 25 | $-41.3M | $-7.0M | ||
| Q3 25 | $-23.8M | $8.1M | ||
| Q2 25 | $-38.0M | $16.0M | ||
| Q1 25 | $-31.1M | $-6.0M | ||
| Q4 24 | $-23.6M | $-29.2M | ||
| Q3 24 | $-39.6M | $5.9M | ||
| Q2 24 | $-27.6M | $13.3M | ||
| Q1 24 | $-245.3M | $-7.9M |
| Q4 25 | 72.7% | 28.0% | ||
| Q3 25 | 74.5% | 35.4% | ||
| Q2 25 | 74.0% | 37.1% | ||
| Q1 25 | 74.9% | 29.5% | ||
| Q4 24 | 75.0% | 24.6% | ||
| Q3 24 | 75.4% | 32.4% | ||
| Q2 24 | 73.0% | 33.1% | ||
| Q1 24 | 72.0% | 27.7% |
| Q4 25 | -26.6% | -10.7% | ||
| Q3 25 | -9.2% | 13.3% | ||
| Q2 25 | -14.6% | 14.3% | ||
| Q1 25 | -12.9% | -4.4% | ||
| Q4 24 | -6.7% | -14.9% | ||
| Q3 24 | -14.6% | 8.9% | ||
| Q2 24 | -18.6% | 12.5% | ||
| Q1 24 | -165.8% | -1.9% |
| Q4 25 | -32.0% | -7.0% | ||
| Q3 25 | -18.5% | 5.0% | ||
| Q2 25 | -30.6% | 9.3% | ||
| Q1 25 | -23.3% | -5.4% | ||
| Q4 24 | -17.2% | -33.4% | ||
| Q3 24 | -29.9% | 3.9% | ||
| Q2 24 | -21.6% | 8.3% | ||
| Q1 24 | -178.4% | -7.1% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-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 | $74.6M | — |
| Total DebtLower is stronger | $570.2M | $279.8M |
| Stockholders' EquityBook value | $4.0M | $405.9M |
| Total Assets | $897.6M | $823.2M |
| Debt / EquityLower = less leverage | 142.97× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | — | ||
| Q3 25 | $100.5M | — | ||
| Q2 25 | $127.8M | — | ||
| Q1 25 | $100.8M | — | ||
| Q4 24 | $97.9M | — | ||
| Q3 24 | $122.7M | — | ||
| Q2 24 | $142.0M | — | ||
| Q1 24 | $136.3M | — |
| Q4 25 | $570.2M | $279.8M | ||
| Q3 25 | $571.2M | $281.1M | ||
| Q2 25 | $572.2M | $281.5M | ||
| Q1 25 | $573.3M | $306.9M | ||
| Q4 24 | $574.3M | $281.5M | ||
| Q3 24 | $575.4M | $282.8M | ||
| Q2 24 | $576.4M | $282.4M | ||
| Q1 24 | $577.5M | $282.8M |
| Q4 25 | $4.0M | $405.9M | ||
| Q3 25 | $42.5M | $408.4M | ||
| Q2 25 | $62.6M | $398.4M | ||
| Q1 25 | $93.8M | $381.1M | ||
| Q4 24 | $120.5M | $387.2M | ||
| Q3 24 | $141.4M | $416.6M | ||
| Q2 24 | $182.1M | $408.1M | ||
| Q1 24 | $205.6M | $391.8M |
| Q4 25 | $897.6M | $823.2M | ||
| Q3 25 | $969.4M | $844.4M | ||
| Q2 25 | $1.0B | $822.1M | ||
| Q1 25 | $1.1B | $824.6M | ||
| Q4 24 | $1.1B | $794.2M | ||
| Q3 24 | $1.1B | $853.4M | ||
| Q2 24 | $1.2B | $830.0M | ||
| Q1 24 | $1.3B | $808.6M |
| Q4 25 | 142.97× | 0.69× | ||
| Q3 25 | 13.45× | 0.69× | ||
| Q2 25 | 9.13× | 0.71× | ||
| Q1 25 | 6.11× | 0.81× | ||
| Q4 24 | 4.77× | 0.73× | ||
| Q3 24 | 4.07× | 0.68× | ||
| Q2 24 | 3.16× | 0.69× | ||
| Q1 24 | 2.81× | 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 | $-18.9M | $23.3M |
| Free Cash FlowOCF − Capex | $-19.3M | $14.1M |
| FCF MarginFCF / Revenue | -15.0% | 14.1% |
| Capex IntensityCapex / Revenue | 0.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.0M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.9M | $23.3M | ||
| Q3 25 | $-17.8M | $51.0M | ||
| Q2 25 | $31.3M | $36.0M | ||
| Q1 25 | $17.8M | $-46.9M | ||
| Q4 24 | $8.7M | $6.2M | ||
| Q3 24 | $-11.4M | $37.2M | ||
| Q2 24 | $14.9M | $52.4M | ||
| Q1 24 | $11.5M | $-34.5M |
| Q4 25 | $-19.3M | $14.1M | ||
| Q3 25 | $-18.5M | $45.2M | ||
| Q2 25 | $30.8M | $29.1M | ||
| Q1 25 | $17.0M | $-50.3M | ||
| Q4 24 | $8.3M | $-98.0K | ||
| Q3 24 | $-11.7M | $33.2M | ||
| Q2 24 | $14.8M | $47.9M | ||
| Q1 24 | $11.1M | $-39.9M |
| Q4 25 | -15.0% | 14.1% | ||
| Q3 25 | -14.3% | 27.9% | ||
| Q2 25 | 24.8% | 16.8% | ||
| Q1 25 | 12.7% | -45.2% | ||
| Q4 24 | 6.0% | -0.1% | ||
| Q3 24 | -8.8% | 22.1% | ||
| Q2 24 | 11.6% | 29.9% | ||
| Q1 24 | 8.0% | -36.0% |
| Q4 25 | 0.4% | 9.2% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 0.4% | 4.0% | ||
| Q1 25 | 0.6% | 3.1% | ||
| Q4 24 | 0.3% | 7.2% | ||
| Q3 24 | 0.2% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.3% | 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
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
