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Side-by-side financial comparison of Star Equity Holdings, Inc. (STRR) 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 $56.8M, roughly 1.8× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -7.0%, a 4.0% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-9.0M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs -4.9%).

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

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.

STRR vs SWIM — Head-to-Head

Bigger by revenue
SWIM
SWIM
1.8× larger
SWIM
$100.0M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+54.5% gap
STRR
69.0%
14.5%
SWIM
Higher net margin
STRR
STRR
4.0% more per $
STRR
-3.0%
-7.0%
SWIM
More free cash flow
SWIM
SWIM
$23.0M more FCF
SWIM
$14.1M
$-9.0M
STRR
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
-4.9%
SWIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRR
STRR
SWIM
SWIM
Revenue
$56.8M
$100.0M
Net Profit
$-1.7M
$-7.0M
Gross Margin
28.0%
Operating Margin
-0.2%
-10.7%
Net Margin
-3.0%
-7.0%
Revenue YoY
69.0%
14.5%
Net Profit YoY
-192.1%
76.0%
EPS (diluted)
$-0.49
$-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.

Revenue
STRR
STRR
SWIM
SWIM
Q4 25
$56.8M
$100.0M
Q3 25
$48.0M
$161.9M
Q2 25
$35.5M
$172.6M
Q1 25
$31.9M
$111.4M
Q4 24
$33.6M
$87.3M
Q3 24
$36.9M
$150.5M
Q2 24
$35.7M
$160.1M
Q1 24
$33.9M
$110.6M
Net Profit
STRR
STRR
SWIM
SWIM
Q4 25
$-1.7M
$-7.0M
Q3 25
$-1.8M
$8.1M
Q2 25
$-688.0K
$16.0M
Q1 25
$-1.8M
$-6.0M
Q4 24
$-585.0K
$-29.2M
Q3 24
$-846.0K
$5.9M
Q2 24
$-441.0K
$13.3M
Q1 24
$-2.9M
$-7.9M
Gross Margin
STRR
STRR
SWIM
SWIM
Q4 25
28.0%
Q3 25
43.0%
35.4%
Q2 25
37.1%
Q1 25
29.5%
Q4 24
24.6%
Q3 24
50.5%
32.4%
Q2 24
33.1%
Q1 24
27.7%
Operating Margin
STRR
STRR
SWIM
SWIM
Q4 25
-0.2%
-10.7%
Q3 25
-3.4%
13.3%
Q2 25
-0.6%
14.3%
Q1 25
-5.4%
-4.4%
Q4 24
-0.4%
-14.9%
Q3 24
-1.2%
8.9%
Q2 24
-0.5%
12.5%
Q1 24
-9.0%
-1.9%
Net Margin
STRR
STRR
SWIM
SWIM
Q4 25
-3.0%
-7.0%
Q3 25
-3.7%
5.0%
Q2 25
-1.9%
9.3%
Q1 25
-5.5%
-5.4%
Q4 24
-1.7%
-33.4%
Q3 24
-2.3%
3.9%
Q2 24
-1.2%
8.3%
Q1 24
-8.6%
-7.1%
EPS (diluted)
STRR
STRR
SWIM
SWIM
Q4 25
$-0.49
$-0.06
Q3 25
$-0.54
$0.07
Q2 25
$-0.23
$0.13
Q1 25
$-0.59
$-0.05
Q4 24
$-0.21
$-0.24
Q3 24
$-0.28
$0.05
Q2 24
$-0.15
$0.11
Q1 24
$-0.95
$-0.07

Balance Sheet & Financial Strength

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

Metric
STRR
STRR
SWIM
SWIM
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
$279.8M
Stockholders' EquityBook value
$65.7M
$405.9M
Total Assets
$113.2M
$823.2M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRR
STRR
SWIM
SWIM
Q4 25
$10.3M
Q3 25
$15.4M
Q2 25
$16.8M
Q1 25
$16.6M
Q4 24
$17.0M
Q3 24
$15.8M
Q2 24
$14.7M
Q1 24
$20.4M
Total Debt
STRR
STRR
SWIM
SWIM
Q4 25
$279.8M
Q3 25
$6.5M
$281.1M
Q2 25
$281.5M
Q1 25
$306.9M
Q4 24
$0
$281.5M
Q3 24
$282.8M
Q2 24
$282.4M
Q1 24
$282.8M
Stockholders' Equity
STRR
STRR
SWIM
SWIM
Q4 25
$65.7M
$405.9M
Q3 25
$67.8M
$408.4M
Q2 25
$40.1M
$398.4M
Q1 25
$39.5M
$381.1M
Q4 24
$40.4M
$387.2M
Q3 24
$42.9M
$416.6M
Q2 24
$42.6M
$408.1M
Q1 24
$44.3M
$391.8M
Total Assets
STRR
STRR
SWIM
SWIM
Q4 25
$113.2M
$823.2M
Q3 25
$117.1M
$844.4M
Q2 25
$55.6M
$822.1M
Q1 25
$53.2M
$824.6M
Q4 24
$52.6M
$794.2M
Q3 24
$52.6M
$853.4M
Q2 24
$52.6M
$830.0M
Q1 24
$52.6M
$808.6M
Debt / Equity
STRR
STRR
SWIM
SWIM
Q4 25
0.69×
Q3 25
0.10×
0.69×
Q2 25
0.71×
Q1 25
0.81×
Q4 24
0.00×
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
STRR
STRR
SWIM
SWIM
Operating Cash FlowLast quarter
$-7.3M
$23.3M
Free Cash FlowOCF − Capex
$-9.0M
$14.1M
FCF MarginFCF / Revenue
-15.8%
14.1%
Capex IntensityCapex / Revenue
3.0%
9.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRR
STRR
SWIM
SWIM
Q4 25
$-7.3M
$23.3M
Q3 25
$-2.7M
$51.0M
Q2 25
$139.0K
$36.0M
Q1 25
$-802.0K
$-46.9M
Q4 24
$-2.8M
$6.2M
Q3 24
$1.3M
$37.2M
Q2 24
$-4.3M
$52.4M
Q1 24
$-1.8M
$-34.5M
Free Cash Flow
STRR
STRR
SWIM
SWIM
Q4 25
$-9.0M
$14.1M
Q3 25
$-3.4M
$45.2M
Q2 25
$102.0K
$29.1M
Q1 25
$-808.0K
$-50.3M
Q4 24
$-2.8M
$-98.0K
Q3 24
$1.3M
$33.2M
Q2 24
$-4.3M
$47.9M
Q1 24
$-1.8M
$-39.9M
FCF Margin
STRR
STRR
SWIM
SWIM
Q4 25
-15.8%
14.1%
Q3 25
-7.0%
27.9%
Q2 25
0.3%
16.8%
Q1 25
-2.5%
-45.2%
Q4 24
-8.3%
-0.1%
Q3 24
3.4%
22.1%
Q2 24
-12.0%
29.9%
Q1 24
-5.3%
-36.0%
Capex Intensity
STRR
STRR
SWIM
SWIM
Q4 25
3.0%
9.2%
Q3 25
1.3%
3.6%
Q2 25
0.1%
4.0%
Q1 25
0.0%
3.1%
Q4 24
0.1%
7.2%
Q3 24
0.0%
2.7%
Q2 24
0.0%
2.8%
Q1 24
0.0%
4.8%
Cash Conversion
STRR
STRR
SWIM
SWIM
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

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

SWIM
SWIM

In Ground Swimming Pools$50.2M50%
Covers$37.0M37%
Liners$12.7M13%

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