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Side-by-side financial comparison of STAG Industrial, Inc. (STAG) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.

STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $117.3M, roughly 1.9× Latham Group, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs -7.3%, a 34.9% gap on every dollar of revenue. On growth, STAG Industrial, Inc. posted the faster year-over-year revenue change (9.1% vs 5.3%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% CAGR vs -14.4%).

Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.

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.

STAG vs SWIM — Head-to-Head

Bigger by revenue
STAG
STAG
1.9× larger
STAG
$224.2M
$117.3M
SWIM
Growing faster (revenue YoY)
STAG
STAG
+3.8% gap
STAG
9.1%
5.3%
SWIM
Higher net margin
STAG
STAG
34.9% more per $
STAG
27.6%
-7.3%
SWIM
Faster 2-yr revenue CAGR
STAG
STAG
Annualised
STAG
8.7%
-14.4%
SWIM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
STAG
STAG
SWIM
SWIM
Revenue
$224.2M
$117.3M
Net Profit
$62.0M
$-8.5M
Gross Margin
31.7%
Operating Margin
Net Margin
27.6%
-7.3%
Revenue YoY
9.1%
5.3%
Net Profit YoY
-43.1%
EPS (diluted)
$0.32
$-0.07

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.

Revenue
STAG
STAG
SWIM
SWIM
Q1 26
$224.2M
$117.3M
Q4 25
$220.9M
$100.0M
Q3 25
$211.1M
$161.9M
Q2 25
$207.6M
$172.6M
Q1 25
$205.6M
$111.4M
Q4 24
$199.3M
$87.3M
Q3 24
$190.7M
$150.5M
Q2 24
$189.8M
$160.1M
Net Profit
STAG
STAG
SWIM
SWIM
Q1 26
$62.0M
$-8.5M
Q4 25
$83.5M
$-7.0M
Q3 25
$48.6M
$8.1M
Q2 25
$50.0M
$16.0M
Q1 25
$91.4M
$-6.0M
Q4 24
$51.0M
$-29.2M
Q3 24
$41.9M
$5.9M
Q2 24
$59.8M
$13.3M
Gross Margin
STAG
STAG
SWIM
SWIM
Q1 26
31.7%
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%
Operating Margin
STAG
STAG
SWIM
SWIM
Q1 26
Q4 25
-10.7%
Q3 25
13.3%
Q2 25
14.3%
Q1 25
-4.4%
Q4 24
-14.9%
Q3 24
8.9%
Q2 24
12.5%
Net Margin
STAG
STAG
SWIM
SWIM
Q1 26
27.6%
-7.3%
Q4 25
37.8%
-7.0%
Q3 25
23.0%
5.0%
Q2 25
24.1%
9.3%
Q1 25
44.5%
-5.4%
Q4 24
25.6%
-33.4%
Q3 24
21.9%
3.9%
Q2 24
31.5%
8.3%
EPS (diluted)
STAG
STAG
SWIM
SWIM
Q1 26
$0.32
$-0.07
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

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STAG
STAG
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$8.9M
Total DebtLower is stronger
$3.3M
Stockholders' EquityBook value
$3.6B
$396.7M
Total Assets
$7.2B
$856.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STAG
STAG
SWIM
SWIM
Q1 26
$8.9M
Q4 25
$14.9M
Q3 25
$17.3M
Q2 25
$15.4M
Q1 25
$9.3M
Q4 24
$36.3M
Q3 24
$70.0M
Q2 24
$33.3M
Total Debt
STAG
STAG
SWIM
SWIM
Q1 26
$3.3M
Q4 25
$3.3B
$279.8M
Q3 25
$3.1B
$281.1M
Q2 25
$3.0B
$281.5M
Q1 25
$3.0B
$306.9M
Q4 24
$3.0B
$281.5M
Q3 24
$2.9B
$282.8M
Q2 24
$2.8B
$282.4M
Stockholders' Equity
STAG
STAG
SWIM
SWIM
Q1 26
$3.6B
$396.7M
Q4 25
$3.6B
$405.9M
Q3 25
$3.4B
$408.4M
Q2 25
$3.4B
$398.4M
Q1 25
$3.5B
$381.1M
Q4 24
$3.5B
$387.2M
Q3 24
$3.3B
$416.6M
Q2 24
$3.3B
$408.1M
Total Assets
STAG
STAG
SWIM
SWIM
Q1 26
$7.2B
$856.4M
Q4 25
$7.2B
$823.2M
Q3 25
$6.9B
$844.4M
Q2 25
$6.8B
$822.1M
Q1 25
$6.8B
$824.6M
Q4 24
$6.8B
$794.2M
Q3 24
$6.6B
$853.4M
Q2 24
$6.4B
$830.0M
Debt / Equity
STAG
STAG
SWIM
SWIM
Q1 26
0.01×
Q4 25
0.91×
0.69×
Q3 25
0.91×
0.69×
Q2 25
0.88×
0.71×
Q1 25
0.87×
0.81×
Q4 24
0.88×
0.73×
Q3 24
0.89×
0.68×
Q2 24
0.84×
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
STAG
STAG
SWIM
SWIM
Operating Cash FlowLast quarter
$-47.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STAG
STAG
SWIM
SWIM
Q1 26
$-47.7M
Q4 25
$104.5M
$23.3M
Q3 25
$143.5M
$51.0M
Q2 25
$111.9M
$36.0M
Q1 25
$103.5M
$-46.9M
Q4 24
$104.9M
$6.2M
Q3 24
$128.0M
$37.2M
Q2 24
$122.2M
$52.4M
Free Cash Flow
STAG
STAG
SWIM
SWIM
Q1 26
Q4 25
$43.8M
$14.1M
Q3 25
$95.5M
$45.2M
Q2 25
$62.3M
$29.1M
Q1 25
$57.2M
$-50.3M
Q4 24
$37.6M
$-98.0K
Q3 24
$86.7M
$33.2M
Q2 24
$105.0M
$47.9M
FCF Margin
STAG
STAG
SWIM
SWIM
Q1 26
Q4 25
19.8%
14.1%
Q3 25
45.2%
27.9%
Q2 25
30.0%
16.8%
Q1 25
27.8%
-45.2%
Q4 24
18.8%
-0.1%
Q3 24
45.5%
22.1%
Q2 24
55.3%
29.9%
Capex Intensity
STAG
STAG
SWIM
SWIM
Q1 26
3.9%
Q4 25
27.4%
9.2%
Q3 25
22.7%
3.6%
Q2 25
23.9%
4.0%
Q1 25
22.5%
3.1%
Q4 24
33.8%
7.2%
Q3 24
21.6%
2.7%
Q2 24
9.1%
2.8%
Cash Conversion
STAG
STAG
SWIM
SWIM
Q1 26
Q4 25
1.25×
Q3 25
2.95×
6.29×
Q2 25
2.24×
2.25×
Q1 25
1.13×
Q4 24
2.06×
Q3 24
3.06×
6.32×
Q2 24
2.04×
3.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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