vs

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

UFP TECHNOLOGIES INC is the larger business by last-quarter revenue ($148.9M vs $100.0M, roughly 1.5× Latham Group, Inc.). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs -7.0%, a 18.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 3.4%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% CAGR vs -4.9%).

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.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

SWIM vs UFPT — Head-to-Head

Bigger by revenue
UFPT
UFPT
1.5× larger
UFPT
$148.9M
$100.0M
SWIM
Growing faster (revenue YoY)
SWIM
SWIM
+11.2% gap
SWIM
14.5%
3.4%
UFPT
Higher net margin
UFPT
UFPT
18.8% more per $
UFPT
11.8%
-7.0%
SWIM
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
-4.9%
SWIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SWIM
SWIM
UFPT
UFPT
Revenue
$100.0M
$148.9M
Net Profit
$-7.0M
$17.6M
Gross Margin
28.0%
28.2%
Operating Margin
-10.7%
14.4%
Net Margin
-7.0%
11.8%
Revenue YoY
14.5%
3.4%
Net Profit YoY
76.0%
7.3%
EPS (diluted)
$-0.06
$2.22

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
SWIM
SWIM
UFPT
UFPT
Q4 25
$100.0M
$148.9M
Q3 25
$161.9M
$154.6M
Q2 25
$172.6M
$151.2M
Q1 25
$111.4M
$148.1M
Q4 24
$87.3M
$144.1M
Q3 24
$150.5M
$145.2M
Q2 24
$160.1M
$110.2M
Q1 24
$110.6M
$105.0M
Net Profit
SWIM
SWIM
UFPT
UFPT
Q4 25
$-7.0M
$17.6M
Q3 25
$8.1M
$16.4M
Q2 25
$16.0M
$17.2M
Q1 25
$-6.0M
$17.2M
Q4 24
$-29.2M
$16.4M
Q3 24
$5.9M
$16.4M
Q2 24
$13.3M
$13.6M
Q1 24
$-7.9M
$12.7M
Gross Margin
SWIM
SWIM
UFPT
UFPT
Q4 25
28.0%
28.2%
Q3 25
35.4%
27.7%
Q2 25
37.1%
28.8%
Q1 25
29.5%
28.5%
Q4 24
24.6%
29.2%
Q3 24
32.4%
28.6%
Q2 24
33.1%
30.0%
Q1 24
27.7%
28.6%
Operating Margin
SWIM
SWIM
UFPT
UFPT
Q4 25
-10.7%
14.4%
Q3 25
13.3%
15.1%
Q2 25
14.3%
16.1%
Q1 25
-4.4%
15.6%
Q4 24
-14.9%
15.4%
Q3 24
8.9%
17.1%
Q2 24
12.5%
16.3%
Q1 24
-1.9%
15.2%
Net Margin
SWIM
SWIM
UFPT
UFPT
Q4 25
-7.0%
11.8%
Q3 25
5.0%
10.6%
Q2 25
9.3%
11.4%
Q1 25
-5.4%
11.6%
Q4 24
-33.4%
11.4%
Q3 24
3.9%
11.3%
Q2 24
8.3%
12.3%
Q1 24
-7.1%
12.1%
EPS (diluted)
SWIM
SWIM
UFPT
UFPT
Q4 25
$-0.06
$2.22
Q3 25
$0.07
$2.11
Q2 25
$0.13
$2.21
Q1 25
$-0.05
$2.21
Q4 24
$-0.24
$2.08
Q3 24
$0.05
$2.11
Q2 24
$0.11
$1.75
Q1 24
$-0.07
$1.64

Balance Sheet & Financial Strength

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

Metric
SWIM
SWIM
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$20.3M
Total DebtLower is stronger
$279.8M
$135.5M
Stockholders' EquityBook value
$405.9M
$423.9M
Total Assets
$823.2M
$655.1M
Debt / EquityLower = less leverage
0.69×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWIM
SWIM
UFPT
UFPT
Q4 25
$20.3M
Q3 25
$18.2M
Q2 25
$14.9M
Q1 25
$14.0M
Q4 24
$13.4M
Q3 24
$16.4M
Q2 24
$16.7M
Q1 24
$11.4M
Total Debt
SWIM
SWIM
UFPT
UFPT
Q4 25
$279.8M
$135.5M
Q3 25
$281.1M
$146.1M
Q2 25
$281.5M
$163.6M
Q1 25
$306.9M
$163.6M
Q4 24
$281.5M
$189.4M
Q3 24
$282.8M
$212.0M
Q2 24
$282.4M
$35.2M
Q1 24
$282.8M
$34.0M
Stockholders' Equity
SWIM
SWIM
UFPT
UFPT
Q4 25
$405.9M
$423.9M
Q3 25
$408.4M
$403.9M
Q2 25
$398.4M
$385.5M
Q1 25
$381.1M
$360.7M
Q4 24
$387.2M
$342.8M
Q3 24
$416.6M
$329.1M
Q2 24
$408.1M
$310.2M
Q1 24
$391.8M
$295.0M
Total Assets
SWIM
SWIM
UFPT
UFPT
Q4 25
$823.2M
$655.1M
Q3 25
$844.4M
$652.8M
Q2 25
$822.1M
$634.7M
Q1 25
$824.6M
$642.6M
Q4 24
$794.2M
$629.0M
Q3 24
$853.4M
$638.5M
Q2 24
$830.0M
$422.4M
Q1 24
$808.6M
$407.7M
Debt / Equity
SWIM
SWIM
UFPT
UFPT
Q4 25
0.69×
0.32×
Q3 25
0.69×
0.36×
Q2 25
0.71×
0.42×
Q1 25
0.81×
0.45×
Q4 24
0.73×
0.55×
Q3 24
0.68×
0.64×
Q2 24
0.69×
0.11×
Q1 24
0.72×
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SWIM
SWIM
UFPT
UFPT
Operating Cash FlowLast quarter
$23.3M
$16.8M
Free Cash FlowOCF − Capex
$14.1M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
9.2%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWIM
SWIM
UFPT
UFPT
Q4 25
$23.3M
$16.8M
Q3 25
$51.0M
$35.9M
Q2 25
$36.0M
$25.3M
Q1 25
$-46.9M
$13.8M
Q4 24
$6.2M
$24.4M
Q3 24
$37.2M
$19.8M
Q2 24
$52.4M
$11.7M
Q1 24
$-34.5M
$10.7M
Free Cash Flow
SWIM
SWIM
UFPT
UFPT
Q4 25
$14.1M
Q3 25
$45.2M
Q2 25
$29.1M
$22.5M
Q1 25
$-50.3M
$11.0M
Q4 24
$-98.0K
$21.4M
Q3 24
$33.2M
$17.7M
Q2 24
$47.9M
$8.9M
Q1 24
$-39.9M
$8.9M
FCF Margin
SWIM
SWIM
UFPT
UFPT
Q4 25
14.1%
Q3 25
27.9%
Q2 25
16.8%
14.9%
Q1 25
-45.2%
7.4%
Q4 24
-0.1%
14.9%
Q3 24
22.1%
12.2%
Q2 24
29.9%
8.1%
Q1 24
-36.0%
8.5%
Capex Intensity
SWIM
SWIM
UFPT
UFPT
Q4 25
9.2%
Q3 25
3.6%
Q2 25
4.0%
1.9%
Q1 25
3.1%
1.9%
Q4 24
7.2%
2.1%
Q3 24
2.7%
1.5%
Q2 24
2.8%
2.5%
Q1 24
4.8%
1.6%
Cash Conversion
SWIM
SWIM
UFPT
UFPT
Q4 25
0.96×
Q3 25
6.29×
2.19×
Q2 25
2.25×
1.47×
Q1 25
0.80×
Q4 24
1.49×
Q3 24
6.32×
1.21×
Q2 24
3.95×
0.86×
Q1 24
0.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SWIM
SWIM

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

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

Related Comparisons