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Side-by-side financial comparison of SEACOR Marine Holdings Inc. (SMHI) 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 $52.3M, roughly 1.9× SEACOR Marine Holdings Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -27.9%, a 20.9% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -25.0%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-20.6M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -8.7%).
SEACOR Holdings, based in Fort Lauderdale, Florida, provides equipment and services to the offshore petroleum industry and the marine transportation industry. An American corporation, the company holds a 70% ownership stake in a bioethanol plant located in Illinois.
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.
SMHI vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $52.3M | $100.0M |
| Net Profit | $-14.6M | $-7.0M |
| Gross Margin | 18.5% | 28.0% |
| Operating Margin | -9.9% | -10.7% |
| Net Margin | -27.9% | -7.0% |
| Revenue YoY | -25.0% | 14.5% |
| Net Profit YoY | 44.2% | 76.0% |
| EPS (diluted) | $-0.59 | $-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 | $52.3M | $100.0M | ||
| Q3 25 | $59.2M | $161.9M | ||
| Q2 25 | $60.8M | $172.6M | ||
| Q1 25 | $55.5M | $111.4M | ||
| Q4 24 | $69.8M | $87.3M | ||
| Q3 24 | $68.9M | $150.5M | ||
| Q2 24 | $69.9M | $160.1M | ||
| Q1 24 | $62.8M | $110.6M |
| Q4 25 | $-14.6M | $-7.0M | ||
| Q3 25 | $9.0M | $8.1M | ||
| Q2 25 | $-6.7M | $16.0M | ||
| Q1 25 | $-15.5M | $-6.0M | ||
| Q4 24 | $-26.2M | $-29.2M | ||
| Q3 24 | $-16.3M | $5.9M | ||
| Q2 24 | $-12.5M | $13.3M | ||
| Q1 24 | $-23.1M | $-7.9M |
| Q4 25 | 18.5% | 28.0% | ||
| Q3 25 | 19.4% | 35.4% | ||
| Q2 25 | 18.6% | 37.1% | ||
| Q1 25 | 24.5% | 29.5% | ||
| Q4 24 | 33.1% | 24.6% | ||
| Q3 24 | 23.2% | 32.4% | ||
| Q2 24 | 29.1% | 33.1% | ||
| Q1 24 | 23.4% | 27.7% |
| Q4 25 | -9.9% | -10.7% | ||
| Q3 25 | 30.5% | 13.3% | ||
| Q2 25 | 10.0% | 14.3% | ||
| Q1 25 | -9.5% | -4.4% | ||
| Q4 24 | 15.2% | -14.9% | ||
| Q3 24 | -9.4% | 8.9% | ||
| Q2 24 | -5.6% | 12.5% | ||
| Q1 24 | -16.9% | -1.9% |
| Q4 25 | -27.9% | -7.0% | ||
| Q3 25 | 15.2% | 5.0% | ||
| Q2 25 | -11.1% | 9.3% | ||
| Q1 25 | -27.9% | -5.4% | ||
| Q4 24 | -37.6% | -33.4% | ||
| Q3 24 | -23.7% | 3.9% | ||
| Q2 24 | -17.9% | 8.3% | ||
| Q1 24 | -36.8% | -7.1% |
| Q4 25 | $-0.59 | $-0.06 | ||
| Q3 25 | $0.35 | $0.07 | ||
| Q2 25 | $-0.26 | $0.13 | ||
| Q1 25 | $-0.56 | $-0.05 | ||
| Q4 24 | $-0.94 | $-0.24 | ||
| Q3 24 | $-0.59 | $0.05 | ||
| Q2 24 | $-0.45 | $0.11 | ||
| Q1 24 | $-0.84 | $-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 | $68.9M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $264.4M | $405.9M |
| Total Assets | $660.6M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.9M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $34.4M | — | ||
| Q1 25 | $43.0M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $35.6M | — | ||
| Q2 24 | $40.6M | — | ||
| Q1 24 | $59.6M | — |
| 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 | $264.4M | $405.9M | ||
| Q3 25 | $277.3M | $408.4M | ||
| Q2 25 | $267.5M | $398.4M | ||
| Q1 25 | $283.7M | $381.1M | ||
| Q4 24 | $298.0M | $387.2M | ||
| Q3 24 | $324.7M | $416.6M | ||
| Q2 24 | $337.6M | $408.1M | ||
| Q1 24 | $348.5M | $391.8M |
| Q4 25 | $660.6M | $823.2M | ||
| Q3 25 | $692.5M | $844.4M | ||
| Q2 25 | $680.0M | $822.1M | ||
| Q1 25 | $694.2M | $824.6M | ||
| Q4 24 | $727.1M | $794.2M | ||
| Q3 24 | $709.4M | $853.4M | ||
| Q2 24 | $721.6M | $830.0M | ||
| Q1 24 | $744.8M | $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 | $-12.2M | $23.3M |
| Free Cash FlowOCF − Capex | $-20.6M | $14.1M |
| FCF MarginFCF / Revenue | -39.4% | 14.1% |
| Capex IntensityCapex / Revenue | 16.1% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-85.2M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.2M | $23.3M | ||
| Q3 25 | $-10.7M | $51.0M | ||
| Q2 25 | $-2.1M | $36.0M | ||
| Q1 25 | $-11.5M | $-46.9M | ||
| Q4 24 | $8.5M | $6.2M | ||
| Q3 24 | $626.0K | $37.2M | ||
| Q2 24 | $-12.2M | $52.4M | ||
| Q1 24 | $-7.2M | $-34.5M |
| Q4 25 | $-20.6M | $14.1M | ||
| Q3 25 | $-20.0M | $45.2M | ||
| Q2 25 | $-12.3M | $29.1M | ||
| Q1 25 | $-32.3M | $-50.3M | ||
| Q4 24 | $5.5M | $-98.0K | ||
| Q3 24 | $416.0K | $33.2M | ||
| Q2 24 | $-12.9M | $47.9M | ||
| Q1 24 | $-10.6M | $-39.9M |
| Q4 25 | -39.4% | 14.1% | ||
| Q3 25 | -33.8% | 27.9% | ||
| Q2 25 | -20.2% | 16.8% | ||
| Q1 25 | -58.1% | -45.2% | ||
| Q4 24 | 7.9% | -0.1% | ||
| Q3 24 | 0.6% | 22.1% | ||
| Q2 24 | -18.5% | 29.9% | ||
| Q1 24 | -16.9% | -36.0% |
| Q4 25 | 16.1% | 9.2% | ||
| Q3 25 | 15.8% | 3.6% | ||
| Q2 25 | 16.8% | 4.0% | ||
| Q1 25 | 37.5% | 3.1% | ||
| Q4 24 | 4.3% | 7.2% | ||
| Q3 24 | 0.3% | 2.7% | ||
| Q2 24 | 0.9% | 2.8% | ||
| Q1 24 | 5.4% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | -1.19× | 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
SMHI
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
