vs
Side-by-side financial comparison of Latham Group, Inc. (SWIM) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $58.6M, roughly 1.7× Vitesse Energy, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -7.0%, a 5.8% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 4.8%). Over the past eight quarters, Vitesse Energy, Inc.'s revenue compounded faster (-2.1% 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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
SWIM vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $100.0M | $58.6M |
| Net Profit | $-7.0M | $-739.0K |
| Gross Margin | 28.0% | — |
| Operating Margin | -10.7% | -12.0% |
| Net Margin | -7.0% | -1.3% |
| Revenue YoY | 14.5% | 4.8% |
| Net Profit YoY | 76.0% | 85.6% |
| EPS (diluted) | $-0.06 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $161.9M | $67.4M | ||
| Q2 25 | $172.6M | $81.8M | ||
| Q1 25 | $111.4M | $66.2M | ||
| Q4 24 | $87.3M | $55.9M | ||
| Q3 24 | $150.5M | $58.3M | ||
| Q2 24 | $160.1M | $66.6M | ||
| Q1 24 | $110.6M | $61.2M |
| Q4 25 | $-7.0M | $-739.0K | ||
| Q3 25 | $8.1M | $-1.3M | ||
| Q2 25 | $16.0M | $24.7M | ||
| Q1 25 | $-6.0M | $2.7M | ||
| Q4 24 | $-29.2M | $-5.1M | ||
| Q3 24 | $5.9M | $17.4M | ||
| Q2 24 | $13.3M | $10.9M | ||
| Q1 24 | $-7.9M | $-2.2M |
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — | ||
| Q1 24 | 27.7% | — |
| Q4 25 | -10.7% | -12.0% | ||
| Q3 25 | 13.3% | 0.2% | ||
| Q2 25 | 14.3% | 22.8% | ||
| Q1 25 | -4.4% | 8.1% | ||
| Q4 24 | -14.9% | 3.7% | ||
| Q3 24 | 8.9% | 15.4% | ||
| Q2 24 | 12.5% | 25.2% | ||
| Q1 24 | -1.9% | 21.4% |
| Q4 25 | -7.0% | -1.3% | ||
| Q3 25 | 5.0% | -1.9% | ||
| Q2 25 | 9.3% | 30.2% | ||
| Q1 25 | -5.4% | 4.0% | ||
| Q4 24 | -33.4% | -9.2% | ||
| Q3 24 | 3.9% | 29.9% | ||
| Q2 24 | 8.3% | 16.4% | ||
| Q1 24 | -7.1% | -3.6% |
| Q4 25 | $-0.06 | $-0.01 | ||
| Q3 25 | $0.07 | $-0.03 | ||
| Q2 25 | $0.13 | $0.60 | ||
| Q1 25 | $-0.05 | $0.08 | ||
| Q4 24 | $-0.24 | $-0.15 | ||
| Q3 24 | $0.05 | $0.53 | ||
| Q2 24 | $0.11 | $0.33 | ||
| Q1 24 | $-0.07 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $279.8M | — |
| Stockholders' EquityBook value | $405.9M | $629.3M |
| Total Assets | $823.2M | $893.4M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $4.5M | ||
| Q4 24 | — | $3.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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 | $629.3M | ||
| Q3 25 | $408.4M | $650.3M | ||
| Q2 25 | $398.4M | $671.9M | ||
| Q1 25 | $381.1M | $667.7M | ||
| Q4 24 | $387.2M | $500.3M | ||
| Q3 24 | $416.6M | $520.4M | ||
| Q2 24 | $408.1M | $518.5M | ||
| Q1 24 | $391.8M | $522.7M |
| Q4 25 | $823.2M | $893.4M | ||
| Q3 25 | $844.4M | $932.9M | ||
| Q2 25 | $822.1M | $951.5M | ||
| Q1 25 | $824.6M | $975.2M | ||
| Q4 24 | $794.2M | $810.9M | ||
| Q3 24 | $853.4M | $791.2M | ||
| Q2 24 | $830.0M | $778.4M | ||
| Q1 24 | $808.6M | $749.7M |
| 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 | $37.4M |
| 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.
| Q4 25 | $23.3M | $37.4M | ||
| Q3 25 | $51.0M | $49.4M | ||
| Q2 25 | $36.0M | $66.0M | ||
| Q1 25 | $-46.9M | $17.5M | ||
| Q4 24 | $6.2M | $34.7M | ||
| Q3 24 | $37.2M | $45.7M | ||
| Q2 24 | $52.4M | $35.2M | ||
| Q1 24 | $-34.5M | $39.4M |
| Q4 25 | $14.1M | — | ||
| Q3 25 | $45.2M | — | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $-50.3M | — | ||
| Q4 24 | $-98.0K | — | ||
| Q3 24 | $33.2M | — | ||
| Q2 24 | $47.9M | — | ||
| Q1 24 | $-39.9M | — |
| Q4 25 | 14.1% | — | ||
| Q3 25 | 27.9% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | -45.2% | — | ||
| Q4 24 | -0.1% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 29.9% | — | ||
| Q1 24 | -36.0% | — |
| Q4 25 | 9.2% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 4.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 2.25× | 2.68× | ||
| Q1 25 | — | 6.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.32× | 2.62× | ||
| Q2 24 | 3.95× | 3.22× | ||
| 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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
