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Side-by-side financial comparison of Latham Group, Inc. (SWIM) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($117.3M vs $60.9M, roughly 1.9× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs -7.3%, a 27.2% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 5.3%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs -14.4%).
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.
SWIM vs TSSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $117.3M | $60.9M |
| Net Profit | $-8.5M | $12.2M |
| Gross Margin | 31.7% | 17.6% |
| Operating Margin | — | 1.5% |
| Net Margin | -7.3% | 20.0% |
| Revenue YoY | 5.3% | 21.8% |
| Net Profit YoY | -43.1% | 535.7% |
| EPS (diluted) | $-0.07 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $161.9M | $41.9M | ||
| Q2 25 | $172.6M | $44.0M | ||
| Q1 25 | $111.4M | $99.0M | ||
| Q4 24 | $87.3M | $50.0M | ||
| Q3 24 | $150.5M | $70.1M | ||
| Q2 24 | $160.1M | $12.2M |
| Q1 26 | $-8.5M | — | ||
| Q4 25 | $-7.0M | $12.2M | ||
| Q3 25 | $8.1M | $-1.5M | ||
| Q2 25 | $16.0M | $1.5M | ||
| Q1 25 | $-6.0M | $3.0M | ||
| Q4 24 | $-29.2M | $1.9M | ||
| Q3 24 | $5.9M | $2.6M | ||
| Q2 24 | $13.3M | $1.4M |
| Q1 26 | 31.7% | — | ||
| Q4 25 | 28.0% | 17.6% | ||
| Q3 25 | 35.4% | 11.1% | ||
| Q2 25 | 37.1% | 17.8% | ||
| Q1 25 | 29.5% | 9.3% | ||
| Q4 24 | 24.6% | 14.4% | ||
| Q3 24 | 32.4% | 11.3% | ||
| Q2 24 | 33.1% | 37.3% |
| Q1 26 | — | — | ||
| Q4 25 | -10.7% | 1.5% | ||
| Q3 25 | 13.3% | -2.2% | ||
| Q2 25 | 14.3% | 5.1% | ||
| Q1 25 | -4.4% | 4.2% | ||
| Q4 24 | -14.9% | 0.0% | ||
| Q3 24 | 8.9% | 5.4% | ||
| Q2 24 | 12.5% | 14.0% |
| Q1 26 | -7.3% | — | ||
| Q4 25 | -7.0% | 20.0% | ||
| Q3 25 | 5.0% | -3.6% | ||
| Q2 25 | 9.3% | 3.4% | ||
| Q1 25 | -5.4% | 3.0% | ||
| Q4 24 | -33.4% | 3.8% | ||
| Q3 24 | 3.9% | 3.8% | ||
| Q2 24 | 8.3% | 11.5% |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.06 | $0.44 | ||
| Q3 25 | $0.07 | $-0.06 | ||
| Q2 25 | $0.13 | $0.06 | ||
| Q1 25 | $-0.05 | $0.12 | ||
| Q4 24 | $-0.24 | $0.08 | ||
| Q3 24 | $0.05 | $0.10 | ||
| Q2 24 | $0.11 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $85.5M |
| Total DebtLower is stronger | $3.3M | — |
| Stockholders' EquityBook value | $396.7M | $76.6M |
| Total Assets | $856.4M | $184.9M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $85.5M | ||
| Q3 25 | — | $70.7M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | — | $8.3M |
| Q1 26 | $3.3M | — | ||
| 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 | $396.7M | — | ||
| Q4 25 | $405.9M | $76.6M | ||
| Q3 25 | $408.4M | $63.4M | ||
| Q2 25 | $398.4M | $9.5M | ||
| Q1 25 | $381.1M | $9.4M | ||
| Q4 24 | $387.2M | $7.1M | ||
| Q3 24 | $416.6M | $7.7M | ||
| Q2 24 | $408.1M | $5.2M |
| Q1 26 | $856.4M | — | ||
| Q4 25 | $823.2M | $184.9M | ||
| Q3 25 | $844.4M | $165.4M | ||
| Q2 25 | $822.1M | $139.5M | ||
| Q1 25 | $824.6M | $113.5M | ||
| Q4 24 | $794.2M | $96.6M | ||
| Q3 24 | $853.4M | $67.3M | ||
| Q2 24 | $830.0M | $28.9M |
| Q1 26 | 0.01× | — | ||
| 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 | $-47.7M | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-47.7M | — | ||
| Q4 25 | $23.3M | $16.3M | ||
| Q3 25 | $51.0M | $-18.4M | ||
| Q2 25 | $36.0M | $16.3M | ||
| Q1 25 | $-46.9M | $20.6M | ||
| Q4 24 | $6.2M | $-21.6M | ||
| Q3 24 | $37.2M | $38.6M | ||
| Q2 24 | $52.4M | $-4.3M |
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $15.8M | ||
| Q3 25 | $45.2M | $-24.9M | ||
| Q2 25 | $29.1M | $5.4M | ||
| Q1 25 | $-50.3M | $5.8M | ||
| Q4 24 | $-98.0K | $-28.4M | ||
| Q3 24 | $33.2M | $38.6M | ||
| Q2 24 | $47.9M | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | 25.9% | ||
| Q3 25 | 27.9% | -59.3% | ||
| Q2 25 | 16.8% | 12.3% | ||
| Q1 25 | -45.2% | 5.8% | ||
| Q4 24 | -0.1% | -56.7% | ||
| Q3 24 | 22.1% | 55.1% | ||
| Q2 24 | 29.9% | -49.4% |
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | 0.9% | ||
| Q3 25 | 3.6% | 15.3% | ||
| Q2 25 | 4.0% | 24.8% | ||
| Q1 25 | 3.1% | 15.0% | ||
| Q4 24 | 7.2% | 13.4% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 2.8% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 2.25× | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | 6.32× | 14.60× | ||
| Q2 24 | 3.95× | -3.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWIM
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
