vs
Side-by-side financial comparison of Latham Group, Inc. (SWIM) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $85.1M, roughly 1.2× VINCE HOLDING CORP.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -7.0%, a 10.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 6.2%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-5.7M). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% 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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
SWIM vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $100.0M | $85.1M |
| Net Profit | $-7.0M | $2.7M |
| Gross Margin | 28.0% | 49.2% |
| Operating Margin | -10.7% | 6.4% |
| Net Margin | -7.0% | 3.2% |
| Revenue YoY | 14.5% | 6.2% |
| Net Profit YoY | 76.0% | -37.3% |
| EPS (diluted) | $-0.06 | $0.21 |
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.
| Q4 25 | $100.0M | $85.1M | ||
| Q3 25 | $161.9M | $73.2M | ||
| Q2 25 | $172.6M | $57.9M | ||
| Q1 25 | $111.4M | $80.0M | ||
| Q4 24 | $87.3M | $80.2M | ||
| Q3 24 | $150.5M | $74.2M | ||
| Q2 24 | $160.1M | $59.2M | ||
| Q1 24 | $110.6M | $75.3M |
| Q4 25 | $-7.0M | $2.7M | ||
| Q3 25 | $8.1M | $12.1M | ||
| Q2 25 | $16.0M | $-4.8M | ||
| Q1 25 | $-6.0M | $-28.3M | ||
| Q4 24 | $-29.2M | $4.3M | ||
| Q3 24 | $5.9M | $569.0K | ||
| Q2 24 | $13.3M | $4.4M | ||
| Q1 24 | $-7.9M | $-4.7M |
| Q4 25 | 28.0% | 49.2% | ||
| Q3 25 | 35.4% | 50.4% | ||
| Q2 25 | 37.1% | 50.3% | ||
| Q1 25 | 29.5% | 50.1% | ||
| Q4 24 | 24.6% | 50.0% | ||
| Q3 24 | 32.4% | 47.4% | ||
| Q2 24 | 33.1% | 50.6% | ||
| Q1 24 | 27.7% | 45.4% |
| Q4 25 | -10.7% | 6.4% | ||
| Q3 25 | 13.3% | 15.2% | ||
| Q2 25 | 14.3% | -7.7% | ||
| Q1 25 | -4.4% | -37.1% | ||
| Q4 24 | -14.9% | 7.2% | ||
| Q3 24 | 8.9% | 1.5% | ||
| Q2 24 | 12.5% | 9.5% | ||
| Q1 24 | -1.9% | -2.2% |
| Q4 25 | -7.0% | 3.2% | ||
| Q3 25 | 5.0% | 16.5% | ||
| Q2 25 | 9.3% | -8.3% | ||
| Q1 25 | -5.4% | -35.5% | ||
| Q4 24 | -33.4% | 5.4% | ||
| Q3 24 | 3.9% | 0.8% | ||
| Q2 24 | 8.3% | 7.4% | ||
| Q1 24 | -7.1% | -6.2% |
| Q4 25 | $-0.06 | $0.21 | ||
| Q3 25 | $0.07 | $0.93 | ||
| Q2 25 | $0.13 | $-0.37 | ||
| Q1 25 | $-0.05 | $-2.25 | ||
| Q4 24 | $-0.24 | $0.34 | ||
| Q3 24 | $0.05 | $0.05 | ||
| Q2 24 | $0.11 | $0.35 | ||
| Q1 24 | $-0.07 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.1M |
| Total DebtLower is stronger | $279.8M | — |
| Stockholders' EquityBook value | $405.9M | $53.4M |
| Total Assets | $823.2M | $246.0M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $777.0K | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | $607.0K | ||
| Q4 24 | — | $892.0K | ||
| Q3 24 | — | $711.0K | ||
| Q2 24 | — | $739.0K | ||
| Q1 24 | — | $357.0K |
| 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 24 | $282.8M | — |
| Q4 25 | $405.9M | $53.4M | ||
| Q3 25 | $408.4M | $49.3M | ||
| Q2 25 | $398.4M | $37.2M | ||
| Q1 25 | $381.1M | $41.8M | ||
| Q4 24 | $387.2M | $57.1M | ||
| Q3 24 | $416.6M | $52.4M | ||
| Q2 24 | $408.1M | $51.7M | ||
| Q1 24 | $391.8M | $47.2M |
| Q4 25 | $823.2M | $246.0M | ||
| Q3 25 | $844.4M | $239.0M | ||
| Q2 25 | $822.1M | $218.0M | ||
| Q1 25 | $824.6M | $222.7M | ||
| Q4 24 | $794.2M | $254.7M | ||
| Q3 24 | $853.4M | $253.6M | ||
| Q2 24 | $830.0M | $223.1M | ||
| Q1 24 | $808.6M | $225.1M |
| 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× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $23.3M | $-5.1M |
| Free Cash FlowOCF − Capex | $14.1M | $-5.7M |
| FCF MarginFCF / Revenue | 14.1% | -6.7% |
| Capex IntensityCapex / Revenue | 9.2% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $38.0M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $-5.1M | ||
| Q3 25 | $51.0M | $4.2M | ||
| Q2 25 | $36.0M | $-11.8M | ||
| Q1 25 | $-46.9M | $22.7M | ||
| Q4 24 | $6.2M | $6.4M | ||
| Q3 24 | $37.2M | $-3.2M | ||
| Q2 24 | $52.4M | $-3.9M | ||
| Q1 24 | $-34.5M | $14.8M |
| Q4 25 | $14.1M | $-5.7M | ||
| Q3 25 | $45.2M | $2.1M | ||
| Q2 25 | $29.1M | $-13.2M | ||
| Q1 25 | $-50.3M | $21.2M | ||
| Q4 24 | $-98.0K | $5.1M | ||
| Q3 24 | $33.2M | $-3.9M | ||
| Q2 24 | $47.9M | $-4.6M | ||
| Q1 24 | $-39.9M | $14.2M |
| Q4 25 | 14.1% | -6.7% | ||
| Q3 25 | 27.9% | 2.9% | ||
| Q2 25 | 16.8% | -22.9% | ||
| Q1 25 | -45.2% | 26.5% | ||
| Q4 24 | -0.1% | 6.4% | ||
| Q3 24 | 22.1% | -5.2% | ||
| Q2 24 | 29.9% | -7.8% | ||
| Q1 24 | -36.0% | 18.9% |
| Q4 25 | 9.2% | 0.7% | ||
| Q3 25 | 3.6% | 2.9% | ||
| Q2 25 | 4.0% | 2.5% | ||
| Q1 25 | 3.1% | 1.9% | ||
| Q4 24 | 7.2% | 1.6% | ||
| Q3 24 | 2.7% | 0.9% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 4.8% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | 6.29× | 0.35× | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 6.32× | -5.61× | ||
| Q2 24 | 3.95× | -0.89× | ||
| Q1 24 | — | — |
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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
