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Latham Group, Inc.

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Key Metrics

Previous Close: $7.09
52-Week Range: $4.64 – $8.97
Market Cap: $828.23M
P/E (TTM): 140.80
EPS (TTM): 0.05
Dividend Yield: —

Advanced Metrics

Price/Book: 2.08
PEG Ratio: —
Return on Equity: 1.32%
Return on Assets: 2.59%
Gross Margin: 33.38%
Operating Margin: 14.12%
Profit Margin: 0.92%
Current Ratio: 2.16
Debt/Equity: 0.76
Total Debt: $313.98M
Free Cash Flow: $51.58M
Revenue Growth: 14.40%
Earnings Growth: -16.50%
Enterprise Value: $1.10B

SWIM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$695.74M	$566.49M	$508.52M	$545.91M
Cost of Revenue	$479.27M	$413.55M	$354.78M	$363.82M
Gross Profit	$216.47M	$152.94M	$153.74M	$182.09M
Selling, General & Admin	$146.84M	$110.30M	$108.36M	$122.56M
Operating Expenses	$186.46M	$136.81M	$135.47M	$151.51M
Operating Income	$30.01M	$16.13M	$18.28M	$30.58M
EBITDA	$67.65M	$61.61M	$60.55M	$90.65M
Pretax Income	$13.72M	-$10.06M	-$8.74M	$13.49M
Income Tax	$19.41M	-$7.67M	$9.12M	$2.36M
Net Income	-$5.69M	-$2.39M	-$17.86M	$11.12M
Diluted EPS	-0.05	-0.02	-0.15	0.09
Diluted Shares	113.25M	112.90M	115.43M	119.82M

SWIM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$32.63M	$102.76M	$56.40M	$71.04M
Receivables	$51.16M	$31.39M	$36.26M	$52.09M
Inventory	$165.22M	$97.14M	$77.10M	$74.93M
Current Assets	$255.01M	$238.62M	$178.30M	$219.00M
Total Assets	$869.68M	$835.00M	$794.21M	$823.22M
Current Liabilities	$86.86M	$86.21M	$70.98M	$79.14M
Long-Term Debt	$309.63M	$279.95M	$278.27M	$276.59M
Total Debt	$352.19M	$333.12M	$310.83M	$311.44M
Total Liabilities	$486.89M	$435.80M	$406.99M	$417.36M
Retained Earnings	-$54.57M	-$56.96M	-$74.82M	-$63.69M
Shareholders' Equity	$382.79M	$399.20M	$387.22M	$405.86M
Working Capital	$168.14M	$152.41M	$107.32M	$139.86M
Net Debt	$280.25M	$198.44M	$225.12M	$208.80M

SWIM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$32.31M	$116.37M	$61.31M	$63.43M
Capital Expenditure	-$39.68M	-$33.19M	-$20.12M	-$37.38M
Free Cash Flow	-$7.38M	$83.18M	$41.19M	$26.05M
Depreciation & Amortisation	$38.17M	$40.75M	$44.45M	$51.35M
Stock-Based Compensation	$50.63M	$18.80M	$7.39M	$9.25M
Investing Cash Flow	-$45.02M	-$31.73M	-$84.64M	-$42.32M
Financing Cash Flow	$3.77M	-$13.88M	-$22.02M	-$6.97M
Dividends Paid	$0.00	$0.00	—	—
Share Repurchases	-$280.70M	$0.00	$0.00	—
Net Change in Cash	-$8.93M	$70.77M	-$45.36M	$14.14M

SWIM Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$111.42M	$172.64M	$161.90M	$99.95M	$117.31M
Cost of Revenue	$78.54M	$108.68M	$104.60M	$72.01M	$80.16M
Gross Profit	$32.88M	$63.96M	$57.31M	$27.94M	$37.16M
Selling, General & Admin	$30.62M	$31.94M	$28.59M	$31.42M	$36.59M
Operating Expenses	$37.81M	$39.24M	$35.80M	$38.66M	$43.76M
Operating Income	-$4.93M	$24.72M	$21.51M	-$10.72M	-$6.60M
EBITDA	$8.73M	$40.96M	$34.53M	$6.43M	$6.48M
Pretax Income	-$10.04M	$21.11M	$15.58M	-$13.16M	-$11.34M
Income Tax	-$4.08M	$5.13M	$7.47M	-$6.15M	-$2.81M
Net Income	-$5.96M	$15.98M	$8.12M	-$7.01M	-$8.53M
Diluted EPS	-0.05	0.13	0.07	-0.06	-0.07
Diluted Shares	115.89M	119.39M	119.91M	116.71M	116.89M

SWIM Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$23.97M	$26.94M	$70.52M	$71.04M	$27.48M
Receivables	$92.35M	$97.44M	$90.67M	$52.09M	$104.42M
Inventory	$86.86M	$78.65M	$70.32M	$74.93M	$87.61M
Current Assets	$211.54M	$214.37M	$240.91M	$219.00M	$229.87M
Total Assets	$824.59M	$822.14M	$844.42M	$823.22M	$856.40M
Current Liabilities	$83.03M	$89.87M	$99.22M	$79.14M	$122.27M
Long-Term Debt	$303.66M	$278.24M	$277.82M	$276.59M	$276.98M
Total Debt	$334.96M	$308.07M	$311.47M	$311.44M	$341.66M
Total Liabilities	$443.44M	$423.71M	$436.06M	$417.36M	$459.70M
Retained Earnings	-$80.78M	-$64.80M	-$56.68M	-$63.69M	-$72.23M
Shareholders' Equity	$381.14M	$398.43M	$408.36M	$405.86M	$396.70M
Working Capital	$128.51M	$124.50M	$141.70M	$139.86M	$107.61M
Net Debt	$282.95M	$254.55M	$210.56M	$208.80M	$283.75M

SWIM Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$46.88M	$35.98M	$51.03M	$23.31M	-$47.72M
Capital Expenditure	-$3.45M	-$6.89M	-$5.82M	-$21.23M	-$10.50M
Free Cash Flow	-$50.33M	$29.09M	$45.21M	$2.08M	-$58.22M
Depreciation & Amortisation	$12.40M	$12.70M	$12.88M	$13.38M	$13.07M
Stock-Based Compensation	$1.97M	$1.38M	$1.98M	$3.92M	$1.10M
Investing Cash Flow	-$8.39M	-$6.89M	-$5.82M	-$21.23M	-$24.90M
Financing Cash Flow	$22.49M	-$26.07M	-$1.34M	-$2.06M	$28.40M
Share Repurchases	-$2.31M	-$57.00K	-$314.00K	—	-$2.38M
Net Change in Cash	-$32.77M	$3.01M	$43.87M	$29.00K	-$44.22M

Market Snapshot

About

Latham Group is a designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers fiberglass pool shells, pool covers, and related pool products and accessories. It serves the residential pool market through a network of independent dealers and distributors.