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Side-by-side financial comparison of Latham Group, Inc. (SWIM) and VICOR CORP (VICR). Click either name above to swap in a different company.
VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $100.0M, roughly 1.1× Latham Group, Inc.). VICOR CORP runs the higher net margin — 18.3% vs -7.0%, a 25.3% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 14.5%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
SWIM vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $100.0M | $113.0M |
| Net Profit | $-7.0M | $20.7M |
| Gross Margin | 28.0% | — |
| Operating Margin | -10.7% | 59.7% |
| Net Margin | -7.0% | 18.3% |
| Revenue YoY | 14.5% | 20.2% |
| Net Profit YoY | 76.0% | 713.9% |
| EPS (diluted) | $-0.06 | $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 | — | $113.0M | ||
| Q4 25 | $100.0M | $107.3M | ||
| Q3 25 | $161.9M | $110.4M | ||
| Q2 25 | $172.6M | $96.0M | ||
| Q1 25 | $111.4M | $94.0M | ||
| Q4 24 | $87.3M | $96.2M | ||
| Q3 24 | $150.5M | $93.2M | ||
| Q2 24 | $160.1M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $-7.0M | $46.5M | ||
| Q3 25 | $8.1M | $28.3M | ||
| Q2 25 | $16.0M | $41.2M | ||
| Q1 25 | $-6.0M | $2.5M | ||
| Q4 24 | $-29.2M | $10.2M | ||
| Q3 24 | $5.9M | $11.6M | ||
| Q2 24 | $13.3M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | 55.4% | ||
| Q3 25 | 35.4% | 57.5% | ||
| Q2 25 | 37.1% | 95.9% | ||
| Q1 25 | 29.5% | 47.2% | ||
| Q4 24 | 24.6% | 52.4% | ||
| Q3 24 | 32.4% | 49.1% | ||
| Q2 24 | 33.1% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | -10.7% | 14.6% | ||
| Q3 25 | 13.3% | 18.9% | ||
| Q2 25 | 14.3% | 47.3% | ||
| Q1 25 | -4.4% | -0.2% | ||
| Q4 24 | -14.9% | 9.6% | ||
| Q3 24 | 8.9% | 5.8% | ||
| Q2 24 | 12.5% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | -7.0% | 43.4% | ||
| Q3 25 | 5.0% | 25.6% | ||
| Q2 25 | 9.3% | 42.9% | ||
| Q1 25 | -5.4% | 2.7% | ||
| Q4 24 | -33.4% | 10.7% | ||
| Q3 24 | 3.9% | 12.4% | ||
| Q2 24 | 8.3% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.06 | $1.01 | ||
| Q3 25 | $0.07 | $0.63 | ||
| Q2 25 | $0.13 | $0.91 | ||
| Q1 25 | $-0.05 | $0.06 | ||
| Q4 24 | $-0.24 | $0.24 | ||
| Q3 24 | $0.05 | $0.26 | ||
| Q2 24 | $0.11 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $404.2M |
| Total DebtLower is stronger | $279.8M | — |
| Stockholders' EquityBook value | $405.9M | $754.1M |
| Total Assets | $823.2M | $804.9M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | — | $402.8M | ||
| Q3 25 | — | $362.4M | ||
| Q2 25 | — | $338.5M | ||
| Q1 25 | — | $296.1M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $267.6M | ||
| Q2 24 | — | $251.9M |
| Q1 26 | — | — | ||
| 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 | — | $754.1M | ||
| Q4 25 | $405.9M | $711.6M | ||
| Q3 25 | $408.4M | $630.1M | ||
| Q2 25 | $398.4M | $608.6M | ||
| Q1 25 | $381.1M | $580.3M | ||
| Q4 24 | $387.2M | $570.1M | ||
| Q3 24 | $416.6M | $554.6M | ||
| Q2 24 | $408.1M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $823.2M | $785.8M | ||
| Q3 25 | $844.4M | $710.2M | ||
| Q2 25 | $822.1M | $693.5M | ||
| Q1 25 | $824.6M | $665.0M | ||
| Q4 24 | $794.2M | $641.1M | ||
| Q3 24 | $853.4M | $632.8M | ||
| Q2 24 | $830.0M | $613.2M |
| Q1 26 | — | — | ||
| 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 | $23.3M | — |
| Free Cash FlowOCF − Capex | $14.1M | — |
| FCF MarginFCF / Revenue | 14.1% | — |
| Capex IntensityCapex / Revenue | 9.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $38.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.3M | $15.7M | ||
| Q3 25 | $51.0M | $38.5M | ||
| Q2 25 | $36.0M | $65.2M | ||
| Q1 25 | $-46.9M | $20.1M | ||
| Q4 24 | $6.2M | $10.1M | ||
| Q3 24 | $37.2M | $22.6M | ||
| Q2 24 | $52.4M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $10.2M | ||
| Q3 25 | $45.2M | $34.5M | ||
| Q2 25 | $29.1M | $59.0M | ||
| Q1 25 | $-50.3M | $15.6M | ||
| Q4 24 | $-98.0K | $8.4M | ||
| Q3 24 | $33.2M | $14.1M | ||
| Q2 24 | $47.9M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | 9.5% | ||
| Q3 25 | 27.9% | 31.2% | ||
| Q2 25 | 16.8% | 61.5% | ||
| Q1 25 | -45.2% | 16.6% | ||
| Q4 24 | -0.1% | 8.7% | ||
| Q3 24 | 22.1% | 15.2% | ||
| Q2 24 | 29.9% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | 5.2% | ||
| Q3 25 | 3.6% | 3.6% | ||
| Q2 25 | 4.0% | 6.5% | ||
| Q1 25 | 3.1% | 4.8% | ||
| Q4 24 | 7.2% | 1.8% | ||
| Q3 24 | 2.7% | 9.1% | ||
| Q2 24 | 2.8% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | 6.29× | 1.36× | ||
| Q2 25 | 2.25× | 1.58× | ||
| Q1 25 | — | 7.93× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | 6.32× | 1.95× | ||
| Q2 24 | 3.95× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
