vs
Side-by-side financial comparison of Latham Group, Inc. (SWIM) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $117.3M, roughly 1.8× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.3% vs -62.0%, a 54.7% gap on every dollar of revenue.
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
SWIM vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $117.3M | $210.5M |
| Net Profit | $-8.5M | $-130.6M |
| Gross Margin | 31.7% | 10.0% |
| Operating Margin | — | -45.0% |
| Net Margin | -7.3% | -62.0% |
| Revenue YoY | 5.3% | — |
| Net Profit YoY | -43.1% | -375.2% |
| EPS (diluted) | $-0.07 | $-0.87 |
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 | $117.3M | — | ||
| Q4 25 | $100.0M | — | ||
| Q3 25 | $161.9M | $210.5M | ||
| Q2 25 | $172.6M | $132.8M | ||
| Q1 25 | $111.4M | $53.5M | ||
| Q4 24 | $87.3M | — | ||
| Q3 24 | $150.5M | $0 | ||
| Q2 24 | $160.1M | $0 |
| Q1 26 | $-8.5M | — | ||
| Q4 25 | $-7.0M | — | ||
| Q3 25 | $8.1M | $-130.6M | ||
| Q2 25 | $16.0M | $-31.9M | ||
| Q1 25 | $-6.0M | $-16.2M | ||
| Q4 24 | $-29.2M | — | ||
| Q3 24 | $5.9M | $-27.5M | ||
| Q2 24 | $13.3M | $-27.0M |
| Q1 26 | 31.7% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | 10.0% | ||
| Q2 25 | 37.1% | 24.7% | ||
| Q1 25 | 29.5% | 33.3% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -10.7% | — | ||
| Q3 25 | 13.3% | -45.0% | ||
| Q2 25 | 14.3% | -22.0% | ||
| Q1 25 | -4.4% | -44.2% | ||
| Q4 24 | -14.9% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 12.5% | — |
| Q1 26 | -7.3% | — | ||
| Q4 25 | -7.0% | — | ||
| Q3 25 | 5.0% | -62.0% | ||
| Q2 25 | 9.3% | -24.0% | ||
| Q1 25 | -5.4% | -30.4% | ||
| Q4 24 | -33.4% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 8.3% | — |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.07 | $-0.87 | ||
| Q2 25 | $0.13 | $-0.21 | ||
| Q1 25 | $-0.05 | $-0.11 | ||
| Q4 24 | $-0.24 | — | ||
| Q3 24 | $0.05 | $-0.20 | ||
| Q2 24 | $0.11 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $34.1M |
| Total DebtLower is stronger | $3.3M | $547.3M |
| Stockholders' EquityBook value | $396.7M | $96.9M |
| Total Assets | $856.4M | $1.4B |
| Debt / EquityLower = less leverage | 0.01× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $34.1M | ||
| Q2 25 | — | $8.5M | ||
| Q1 25 | — | $48.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $181.9M | ||
| Q2 24 | — | $219.6M |
| Q1 26 | $3.3M | — | ||
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | $547.3M | ||
| Q2 25 | $281.5M | $591.2M | ||
| Q1 25 | $306.9M | $603.2M | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — |
| Q1 26 | $396.7M | — | ||
| Q4 25 | $405.9M | — | ||
| Q3 25 | $408.4M | $96.9M | ||
| Q2 25 | $398.4M | $183.9M | ||
| Q1 25 | $381.1M | $201.9M | ||
| Q4 24 | $387.2M | — | ||
| Q3 24 | $416.6M | $538.7M | ||
| Q2 24 | $408.1M | $561.6M |
| Q1 26 | $856.4M | — | ||
| Q4 25 | $823.2M | — | ||
| Q3 25 | $844.4M | $1.4B | ||
| Q2 25 | $822.1M | $1.4B | ||
| Q1 25 | $824.6M | $1.4B | ||
| Q4 24 | $794.2M | — | ||
| Q3 24 | $853.4M | $615.0M | ||
| Q2 24 | $830.0M | $644.4M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | 5.65× | ||
| Q2 25 | 0.71× | 3.21× | ||
| Q1 25 | 0.81× | 2.99× | ||
| 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 | $-47.7M | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-47.7M | — | ||
| Q4 25 | $23.3M | — | ||
| Q3 25 | $51.0M | $63.9M | ||
| Q2 25 | $36.0M | $33.4M | ||
| Q1 25 | $-46.9M | $-44.8M | ||
| Q4 24 | $6.2M | — | ||
| Q3 24 | $37.2M | $-28.4M | ||
| Q2 24 | $52.4M | $-28.0M |
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | — | ||
| Q3 25 | $45.2M | $55.0M | ||
| Q2 25 | $29.1M | $10.6M | ||
| Q1 25 | $-50.3M | $-74.0M | ||
| Q4 24 | $-98.0K | — | ||
| Q3 24 | $33.2M | $-34.0M | ||
| Q2 24 | $47.9M | $-35.6M |
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 27.9% | 26.1% | ||
| Q2 25 | 16.8% | 8.0% | ||
| Q1 25 | -45.2% | -138.4% | ||
| Q4 24 | -0.1% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 29.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | — | ||
| Q3 25 | 3.6% | 4.2% | ||
| Q2 25 | 4.0% | 17.2% | ||
| Q1 25 | 3.1% | 54.5% | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.32× | — | ||
| Q2 24 | 3.95× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWIM
Segment breakdown not available.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
