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Side-by-side financial comparison of 1ST SOURCE CORP (SRCE) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
1ST SOURCE CORP is the larger business by last-quarter revenue ($113.1M vs $100.0M, roughly 1.1× Latham Group, Inc.). 1ST SOURCE CORP runs the higher net margin — 35.3% vs -7.0%, a 42.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 8.7%). 1ST SOURCE CORP produced more free cash flow last quarter ($58.1M vs $14.1M). Over the past eight quarters, 1ST SOURCE CORP's revenue compounded faster (7.8% CAGR vs -4.9%).
1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.
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.
SRCE vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.1M | $100.0M |
| Net Profit | $40.0M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 45.4% | -10.7% |
| Net Margin | 35.3% | -7.0% |
| Revenue YoY | 8.7% | 14.5% |
| Net Profit YoY | 6.5% | 76.0% |
| EPS (diluted) | $1.63 | $-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.
| Q1 26 | $113.1M | — | ||
| Q4 25 | $110.8M | $100.0M | ||
| Q3 25 | $110.7M | $161.9M | ||
| Q2 25 | $108.2M | $172.6M | ||
| Q1 25 | $104.0M | $111.4M | ||
| Q4 24 | $97.8M | $87.3M | ||
| Q3 24 | $97.9M | $150.5M | ||
| Q2 24 | $97.3M | $160.1M |
| Q1 26 | $40.0M | — | ||
| Q4 25 | $41.1M | $-7.0M | ||
| Q3 25 | $42.3M | $8.1M | ||
| Q2 25 | $37.3M | $16.0M | ||
| Q1 25 | $37.5M | $-6.0M | ||
| Q4 24 | $31.4M | $-29.2M | ||
| Q3 24 | $34.9M | $5.9M | ||
| Q2 24 | $36.8M | $13.3M |
| Q1 26 | — | — | ||
| 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 26 | 45.4% | — | ||
| Q4 25 | — | -10.7% | ||
| Q3 25 | 49.7% | 13.3% | ||
| Q2 25 | 44.5% | 14.3% | ||
| Q1 25 | 45.8% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | 46.3% | 8.9% | ||
| Q2 24 | 49.1% | 12.5% |
| Q1 26 | 35.3% | — | ||
| Q4 25 | 37.1% | -7.0% | ||
| Q3 25 | 38.2% | 5.0% | ||
| Q2 25 | 34.5% | 9.3% | ||
| Q1 25 | 36.1% | -5.4% | ||
| Q4 24 | 32.1% | -33.4% | ||
| Q3 24 | 35.7% | 3.9% | ||
| Q2 24 | 37.8% | 8.3% |
| Q1 26 | $1.63 | — | ||
| Q4 25 | $1.67 | $-0.06 | ||
| Q3 25 | $1.71 | $0.07 | ||
| Q2 25 | $1.51 | $0.13 | ||
| Q1 25 | $1.52 | $-0.05 | ||
| Q4 24 | $1.27 | $-0.24 | ||
| Q3 24 | $1.41 | $0.05 | ||
| Q2 24 | $1.49 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.3B | $405.9M |
| Total Assets | $9.1B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $405.9M | ||
| Q3 25 | $1.2B | $408.4M | ||
| Q2 25 | $1.2B | $398.4M | ||
| Q1 25 | $1.2B | $381.1M | ||
| Q4 24 | $1.1B | $387.2M | ||
| Q3 24 | $1.1B | $416.6M | ||
| Q2 24 | $1.0B | $408.1M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $823.2M | ||
| Q3 25 | $9.1B | $844.4M | ||
| Q2 25 | $9.1B | $822.1M | ||
| Q1 25 | $9.0B | $824.6M | ||
| Q4 24 | $8.9B | $794.2M | ||
| Q3 24 | $8.8B | $853.4M | ||
| Q2 24 | $8.9B | $830.0M |
| Q1 26 | — | — | ||
| 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× |
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 | $59.1M | $23.3M |
| Free Cash FlowOCF − Capex | $58.1M | $14.1M |
| FCF MarginFCF / Revenue | 51.4% | 14.1% |
| Capex IntensityCapex / Revenue | 0.9% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | $361.4M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $59.1M | — | ||
| Q4 25 | $223.1M | $23.3M | ||
| Q3 25 | $51.0M | $51.0M | ||
| Q2 25 | $44.9M | $36.0M | ||
| Q1 25 | $71.8M | $-46.9M | ||
| Q4 24 | $193.9M | $6.2M | ||
| Q3 24 | $68.4M | $37.2M | ||
| Q2 24 | $50.0M | $52.4M |
| Q1 26 | $58.1M | — | ||
| Q4 25 | $213.0M | $14.1M | ||
| Q3 25 | $47.3M | $45.2M | ||
| Q2 25 | $43.0M | $29.1M | ||
| Q1 25 | $69.3M | $-50.3M | ||
| Q4 24 | $181.5M | $-98.0K | ||
| Q3 24 | $66.7M | $33.2M | ||
| Q2 24 | $46.4M | $47.9M |
| Q1 26 | 51.4% | — | ||
| Q4 25 | 192.2% | 14.1% | ||
| Q3 25 | 42.7% | 27.9% | ||
| Q2 25 | 39.8% | 16.8% | ||
| Q1 25 | 66.6% | -45.2% | ||
| Q4 24 | 185.5% | -0.1% | ||
| Q3 24 | 68.1% | 22.1% | ||
| Q2 24 | 47.7% | 29.9% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | 9.1% | 9.2% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 1.7% | 4.0% | ||
| Q1 25 | 2.4% | 3.1% | ||
| Q4 24 | 12.6% | 7.2% | ||
| Q3 24 | 1.7% | 2.7% | ||
| Q2 24 | 3.7% | 2.8% |
| Q1 26 | 1.48× | — | ||
| Q4 25 | 5.42× | — | ||
| Q3 25 | 1.21× | 6.29× | ||
| Q2 25 | 1.20× | 2.25× | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 6.17× | — | ||
| Q3 24 | 1.96× | 6.32× | ||
| Q2 24 | 1.36× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SRCE
Segment breakdown not available.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
