Filing Flows › Comparisons › SWIM vs KRT
Latham Group vs Karat Packaging: SWIM and KRT compared
Latham Group is the larger company: $182M of revenue in its latest quarter (Q3 2026) against $135M for Karat Packaging (Q3 2026). Latham Group is growing faster (+12% against +8% a year earlier). Latham Group is more profitable, with an operating margin of 13.0% against 3.6%.
Where the money goes: SWIM and KRT
Latham Group (SWIM) · Q3 2026
Latham Group, Q3 2026: revenue $182M (+12% year over year), operating margin 13.0%, net earnings $12.1M, operating cash flow $48.8M. The chart follows the revenue to costs, profit and cash.
Karat Packaging (KRT) · Q3 2026
Karat Packaging, Q3 2026: revenue $135M (+8% year over year), operating margin 3.6%, net earnings $4.4M, operating cash flow $9.7M. The chart follows the revenue to costs, profit and cash.
| Latham Group (SWIM) | Karat Packaging (KRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $182M | $135M |
| Revenue growth, Y/Y | +12% | +8% |
| Gross margin | 36.7% | 33.5% |
| Operating margin | 13.0% | 3.6% |
| Net earnings | $12.1M | $4.4M |
| Net margin | 6.6% | 3.3% |
| Operating cash flow | $48.8M | $9.7M |
| Free cash flow | $42.7M | $9.6M |
Where the revenue comes from
Latham Group
- In-ground Swimming Pools: $92.4M (51%)
- Covers: $59.6M (33%)
- Liners: $30.1M (17%)
Karat Packaging
- Chains and distributors: $103M (77%)
- Online: $26.9M (20%)
- Retail: $4.6M (3%)
Questions
Which is bigger, Latham Group or Karat Packaging?
Latham Group is the larger company: $182M of revenue in its latest quarter (Q3 2026) against $135M for Karat Packaging (Q3 2026).
Is Latham Group or Karat Packaging growing faster?
Latham Group is growing faster (+12% against +8% a year earlier).
Which is more profitable, Latham Group or Karat Packaging?
Latham Group is more profitable, with an operating margin of 13.0% against 3.6%.
More: Latham Group earnings · how Latham Group makes money · Karat Packaging earnings · how Karat Packaging makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.