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

WW INTERNATIONAL, INC. is the larger business by last-quarter revenue ($184.3M vs $100.0M, roughly 1.8× Latham Group, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -30.5%, a 23.5% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -4.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $8.4M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -7.4%).

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.

WW International, Inc., formerly Weight Watchers International, Inc., is a global company headquartered in the U.S. that offers weight loss and maintenance, fitness, and mindset services such as the Weight Watchers comprehensive diet program. Founded in 1963 by Queens, New York City homemaker Jean Nidetch, WW's program has three options as of 2019: online via its mobile app and website, coaching online or by phone, or in-person meetings.

SWIM vs WW — Head-to-Head

Bigger by revenue
WW
WW
1.8× larger
WW
$184.3M
$100.0M
SWIM
Growing faster (revenue YoY)
SWIM
SWIM
+19.0% gap
SWIM
14.5%
-4.5%
WW
Higher net margin
SWIM
SWIM
23.5% more per $
SWIM
-7.0%
-30.5%
WW
More free cash flow
SWIM
SWIM
$5.7M more FCF
SWIM
$14.1M
$8.4M
WW
Faster 2-yr revenue CAGR
SWIM
SWIM
Annualised
SWIM
-4.9%
-7.4%
WW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SWIM
SWIM
WW
WW
Revenue
$100.0M
$184.3M
Net Profit
$-7.0M
$-56.3M
Gross Margin
28.0%
72.2%
Operating Margin
-10.7%
5.8%
Net Margin
-7.0%
-30.5%
Revenue YoY
14.5%
-4.5%
Net Profit YoY
76.0%
-21.8%
EPS (diluted)
$-0.06
$-5.63

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
WW
WW
Q4 25
$100.0M
Q3 25
$161.9M
$184.3M
Q2 25
$172.6M
Q1 25
$111.4M
$186.6M
Q4 24
$87.3M
$184.4M
Q3 24
$150.5M
$192.9M
Q2 24
$160.1M
$202.1M
Q1 24
$110.6M
$206.5M
Net Profit
SWIM
SWIM
WW
WW
Q4 25
$-7.0M
Q3 25
$8.1M
$-56.3M
Q2 25
$16.0M
Q1 25
$-6.0M
$-72.6M
Q4 24
$-29.2M
$25.1M
Q3 24
$5.9M
$-46.2M
Q2 24
$13.3M
$23.3M
Q1 24
$-7.9M
$-347.9M
Gross Margin
SWIM
SWIM
WW
WW
Q4 25
28.0%
Q3 25
35.4%
72.2%
Q2 25
37.1%
Q1 25
29.5%
71.2%
Q4 24
24.6%
69.7%
Q3 24
32.4%
67.1%
Q2 24
33.1%
67.9%
Q1 24
27.7%
66.7%
Operating Margin
SWIM
SWIM
WW
WW
Q4 25
-10.7%
Q3 25
13.3%
5.8%
Q2 25
14.3%
Q1 25
-4.4%
-10.8%
Q4 24
-14.9%
19.6%
Q3 24
8.9%
-20.2%
Q2 24
12.5%
17.8%
Q1 24
-1.9%
-130.4%
Net Margin
SWIM
SWIM
WW
WW
Q4 25
-7.0%
Q3 25
5.0%
-30.5%
Q2 25
9.3%
Q1 25
-5.4%
-38.9%
Q4 24
-33.4%
13.6%
Q3 24
3.9%
-23.9%
Q2 24
8.3%
11.5%
Q1 24
-7.1%
-168.4%
EPS (diluted)
SWIM
SWIM
WW
WW
Q4 25
$-0.06
Q3 25
$0.07
$-5.63
Q2 25
$0.13
Q1 25
$-0.05
$-0.91
Q4 24
$-0.24
$0.34
Q3 24
$0.05
$-0.58
Q2 24
$0.11
$0.29
Q1 24
$-0.07
$-4.39

Balance Sheet & Financial Strength

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

Metric
SWIM
SWIM
WW
WW
Cash + ST InvestmentsLiquidity on hand
$170.1M
Total DebtLower is stronger
$279.8M
Stockholders' EquityBook value
$405.9M
$323.0M
Total Assets
$823.2M
$968.8M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWIM
SWIM
WW
WW
Q4 25
Q3 25
$170.1M
Q2 25
Q1 25
$236.3M
Q4 24
$53.0M
Q3 24
$57.2M
Q2 24
$42.7M
Q1 24
$66.6M
Total Debt
SWIM
SWIM
WW
WW
Q4 25
$279.8M
Q3 25
$281.1M
Q2 25
$281.5M
Q1 25
$306.9M
Q4 24
$281.5M
$1.4B
Q3 24
$282.8M
$1.4B
Q2 24
$282.4M
$1.4B
Q1 24
$282.8M
$1.4B
Stockholders' Equity
SWIM
SWIM
WW
WW
Q4 25
$405.9M
Q3 25
$408.4M
$323.0M
Q2 25
$398.4M
Q1 25
$381.1M
$-1.2B
Q4 24
$387.2M
$-1.1B
Q3 24
$416.6M
$-1.1B
Q2 24
$408.1M
$-1.1B
Q1 24
$391.8M
$-1.1B
Total Assets
SWIM
SWIM
WW
WW
Q4 25
$823.2M
Q3 25
$844.4M
$968.8M
Q2 25
$822.1M
Q1 25
$824.6M
$696.9M
Q4 24
$794.2M
$550.3M
Q3 24
$853.4M
$562.4M
Q2 24
$830.0M
$614.3M
Q1 24
$808.6M
$654.2M
Debt / Equity
SWIM
SWIM
WW
WW
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
SWIM
SWIM
WW
WW
Operating Cash FlowLast quarter
$23.3M
$8.4M
Free Cash FlowOCF − Capex
$14.1M
$8.4M
FCF MarginFCF / Revenue
14.1%
4.6%
Capex IntensityCapex / Revenue
9.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$38.0M
$44.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWIM
SWIM
WW
WW
Q4 25
$23.3M
Q3 25
$51.0M
$8.4M
Q2 25
$36.0M
Q1 25
$-46.9M
$15.0M
Q4 24
$6.2M
$4.6M
Q3 24
$37.2M
$16.5M
Q2 24
$52.4M
$-1.9M
Q1 24
$-34.5M
$-36.0M
Free Cash Flow
SWIM
SWIM
WW
WW
Q4 25
$14.1M
Q3 25
$45.2M
$8.4M
Q2 25
$29.1M
Q1 25
$-50.3M
$15.0M
Q4 24
$-98.0K
$4.5M
Q3 24
$33.2M
$16.4M
Q2 24
$47.9M
$-2.2M
Q1 24
$-39.9M
$-36.5M
FCF Margin
SWIM
SWIM
WW
WW
Q4 25
14.1%
Q3 25
27.9%
4.6%
Q2 25
16.8%
Q1 25
-45.2%
8.0%
Q4 24
-0.1%
2.4%
Q3 24
22.1%
8.5%
Q2 24
29.9%
-1.1%
Q1 24
-36.0%
-17.7%
Capex Intensity
SWIM
SWIM
WW
WW
Q4 25
9.2%
Q3 25
3.6%
0.0%
Q2 25
4.0%
Q1 25
3.1%
0.0%
Q4 24
7.2%
0.1%
Q3 24
2.7%
0.1%
Q2 24
2.8%
0.1%
Q1 24
4.8%
0.2%
Cash Conversion
SWIM
SWIM
WW
WW
Q4 25
Q3 25
6.29×
Q2 25
2.25×
Q1 25
Q4 24
0.18×
Q3 24
6.32×
Q2 24
3.95×
-0.08×
Q1 24

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%

WW
WW

Segment breakdown not available.

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