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SWIM logoLatham Group, Inc.(SWIM)Earnings, Financials & Key Ratios

SWIM•NASDAQ
$5.81
$680M mkt cap·62.6× P/E·Price updated May 6, 2026
SectorIndustrialsIndustryConstructionSub-IndustrySite, water and foundation infrastructure
AboutLatham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was incorporated in 2018 and is headquartered in Latham, New York.Show more
  • Revenue$546M+7.4%
  • EBITDA$83M+32.7%
  • Net Income$11M+162.3%
  • EPS (Diluted)0.09+161.9%
  • Gross Margin28.05%-7.2%
  • EBITDA Margin15.25%+23.6%
  • Operating Margin5.84%+62.5%
  • Net Margin2.04%+158.0%
  • ROE2.81%+161.8%
  • ROIC4.73%+119.3%
  • Debt/Equity0.09-89.3%
  • Interest Coverage1.24+90.6%
Technical→

SWIM Key Insights

Latham Group, Inc. (SWIM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SWIM Price & Volume

Latham Group, Inc. (SWIM) stock price & volume — 10-year historical chart

Loading chart...

SWIM Growth Metrics

Latham Group, Inc. (SWIM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years6.24%
3 Years-7.77%
TTM8.34%

Profit CAGR

10 Years-
5 Years-6.99%
3 Years-
TTM153.59%

EPS CAGR

10 Years-
5 Years-6.52%
3 Years-
TTM149.71%

Return on Capital

10 Years2.89%
5 Years1.43%
3 Years2.98%
Last Year4.35%

SWIM Recent Earnings

Latham Group, Inc. (SWIM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026
EPS
$0.06
Est $0.05
-20.0%
Revenue
$117M
Est $118M
-0.9%
Q2 2026
Mar 3, 2026
EPS
$0.03
Est $0.09
+66.7%
Revenue
$100M
Est $96M
+4.3%
Q4 2025
Nov 4, 2025
EPS
$0.08
Est $0.10
-20.0%
Revenue
$162M
Est $96M
+68.9%
Q3 2025
Aug 5, 2025
EPS
$0.14
Est $0.13
+7.7%
Revenue
$173M
Est $166M
+3.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.06vs $0.05-20.0%
$117Mvs $118M-0.9%
Q2 2026Mar 3, 2026
$0.03vs $0.09+66.7%
$100Mvs $96M+4.3%
Q4 2025Nov 4, 2025
$0.08vs $0.10-20.0%
$162Mvs $96M+68.9%
Q3 2025Aug 5, 2025
$0.14vs $0.13+7.7%
$173Mvs $166M+3.9%
Based on last 12 quarters of dataView full earnings history →

SWIM Peer Comparison

Latham Group, Inc. (SWIM) competitors in Site, water and foundation infrastructure — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HAYW logoHAYWHayward Holdings, Inc.Direct Competitor3.24B14.9221.946.71%13.98%10.32%0.01
LEXX logoLEXXLexaria Bioscience Corp.Direct Competitor14.99M0.67-1.0252.05%-20.68%-238.6%0.04
PATK logoPATKPatrick Industries, Inc.Direct Competitor3.19B95.9024.596.33%3.46%11.64%1.39
TREX logoTREXTrex Company, Inc.Direct Competitor4.25B39.9122.421.98%16.22%19.16%0.22
MAS logoMASMasco CorporationProduct Competitor14.51B71.9518.64-3.4%10.9%7.99%45.81
UFPI logoUFPIUFP Industries, Inc.Product Competitor4.79B84.2616.85-4.99%4.27%8.41%0.07
SHW logoSHWThe Sherwin-Williams CompanySupply Chain79.82B323.6331.512.06%10.86%58.23%3.16
POOL logoPOOLPool CorporationSupply Chain6.9B187.9917.33-0.41%7.58%32.17%0.29

Compare SWIM vs Peers

Latham Group, Inc. (SWIM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HAYW

Most directly comparable listed peer for SWIM.

Scale Benchmark

vs SHW

Larger-name benchmark to compare SWIM against a more recognizable public peer.

Peer Set

Compare Top 5

vs HAYW, LEXX, PATK, TREX

SWIM Income Statement

Latham Group, Inc. (SWIM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue317.98M403.39M630.46M695.74M566.49M508.52M545.91M551.81M
Revenue Growth %-26.86%56.29%10.35%-18.58%-10.23%7.35%8.34%
Cost of Goods Sold219.82M260.62M426.29M479.27M413.55M354.78M392.77M394.39M
COGS % of Revenue69.13%64.61%67.62%68.89%73%69.77%71.95%-
Gross Profit
98.16M▲ 0%
142.77M▲ 45.5%
204.16M▲ 43.0%
216.47M▲ 6.0%
152.94M▼ 29.3%
153.74M▲ 0.5%
153.14M▼ 0.4%
157.42M▲ 0%
Gross Margin %30.87%35.39%32.38%31.11%27%30.23%28.05%28.53%
Gross Profit Growth %-45.46%43%6.03%-29.35%0.52%-0.39%-
Operating Expenses73.03M102.87M240.34M186.46M136.81M135.47M121.26M120.03M
OpEx % of Revenue22.97%25.5%38.12%26.8%24.15%26.64%22.21%-
Selling, General & Admin57.39M85.53M217.78M146.84M110.3M108.36M122.56M128.53M
SG&A % of Revenue18.05%21.2%34.54%21.11%19.47%21.31%22.45%-
Research & Development00000000
R&D % of Revenue--------
Other Operating Expenses15.64M17.35M22.57M39.62M26.52M27.1M-1.31M1000K
Operating Income
25.13M▲ 0%
39.9M▲ 58.8%
-36.18M▼ 190.7%
30.01M▲ 182.9%
16.13M▼ 46.3%
18.28M▲ 13.3%
31.89M▲ 74.5%
30.22M▲ 0%
Operating Margin %7.9%9.89%-5.74%4.31%2.85%3.59%5.84%5.48%
Operating Income Growth %-58.8%-190.68%182.95%-46.25%13.32%74.47%-
EBITDA46.78M65.26M-3.95M68.19M56.88M62.72M83.24M69.17M
EBITDA Margin %14.71%16.18%-0.63%9.8%10.04%12.33%15.25%12.54%
EBITDA Growth %-39.5%-106.05%1826.64%-16.58%10.27%32.71%11.76%
D&A (Non-Cash Add-back)21.66M25.36M32.23M38.17M40.75M44.45M51.35M38.95M
EBIT25.43M41.01M-29.1M41.45M20.86M16.1M31.89M40.05M
Net Interest Income-22.64M-18.25M-24.43M-15.75M-30.92M-24.84M-25.8M-19.43M
Interest Income00000000
Interest Expense22.64M18.25M24.43M15.75M30.92M24.84M25.8M24.19M
Other Income/Expense-22.34M-17.14M-17.35M-16.29M-26.19M-27.02M-18.4M-18.03M
Pretax Income
2.79M▲ 0%
22.76M▲ 716.9%
-53.53M▼ 335.2%
13.72M▲ 125.6%
-10.06M▼ 173.3%
-8.74M▲ 13.1%
13.49M▲ 254.3%
12.19M▲ 0%
Pretax Margin %0.88%5.64%-8.49%1.97%-1.78%-1.72%2.47%2.21%
Income Tax-4.67M6.78M8.82M19.41M-7.67M9.12M2.36M3.64M
Effective Tax Rate %-167.66%29.77%-16.47%141.5%76.26%-104.35%17.53%29.84%
Net Income
7.46M▲ 0%
15.98M▲ 114.3%
-62.35M▼ 490.1%
-5.69M▲ 90.9%
-2.39M▲ 58.1%
-17.86M▼ 647.9%
11.12M▲ 162.3%
8.55M▲ 0%
Net Margin %2.35%3.96%-9.89%-0.82%-0.42%-3.51%2.04%1.55%
Net Income Growth %-114.34%-490.09%90.87%58.06%-647.91%162.28%153.59%
Net Income (Continuing)7.46M15.98M-62.35M-5.69M-2.39M-17.86M11.12M8.55M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
0.06▲ 0%
0.13▲ 110.0%
-0.56▼ 530.8%
-0.05▲ 91.0%
-0.02▲ 57.9%
-0.15▼ 607.5%
0.09▲ 161.9%
0.07▲ 0%
EPS Growth %-110.02%-530.77%91.02%57.85%-607.55%161.87%149.71%
EPS (Basic)0.060.13-0.56-0.05-0.02-0.150.10-
Diluted Shares Outstanding120.43M120.43M110.64M113.25M112.9M115.44M119.82M116.89M
Basic Shares Outstanding120.43M120.43M110.64M113.25M112.9M115.44M116.42M116.89M
Dividend Payout Ratio2.68%-------

SWIM Balance Sheet

Latham Group, Inc. (SWIM) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets127.69M167.33M229.07M255.01M238.62M178.3M219M229.87M
Cash & Short-Term Investments56.66M59.31M43.95M32.63M102.76M56.4M71.04M27.48M
Cash Only56.66M59.31M43.95M32.63M102.76M56.4M71.04M27.48M
Short-Term Investments00000000
Accounts Receivable31.43M37.13M64.79M51.16M31.39M36.26M39.91M89.21M
Days Sales Outstanding36.0733.637.5126.8420.2326.0326.6952.46
Inventory35.61M64.82M109.56M165.22M97.14M77.1M74.93M87.61M
Days Inventory Outstanding59.1390.7893.8125.8385.7379.3269.6372.07
Other Current Assets0006M7.33M8.54M33.12M25.57M
Total Non-Current Assets398.02M479.35M565.42M614.68M596.39M615.91M604.22M626.53M
Property, Plant & Equipment37.84M47.36M63.51M136.49M143.8M141.11M149.54M167.78M
Fixed Asset Turnover8.40x8.52x9.93x5.10x3.94x3.60x3.65x3.64x
Goodwill101.67M115.75M128.87M131.38M131.36M152.63M155.19M161.14M
Intangible Assets258.3M289.47M338.31M309.21M282.79M292.91M268.07M265.54M
Long-Term Investments025.38M23.36M25.09M25.94M24.89M26.48M78.64M
Other Non-Current Assets01.04M765K4.73M5M3.64M4.21M35.79M
Total Assets
525.71M▲ 0%
646.68M▲ 23.0%
794.48M▲ 22.9%
869.68M▲ 9.5%
835M▼ 4.0%
794.21M▼ 4.9%
823.22M▲ 3.7%
856.4M▲ 0%
Asset Turnover0.60x0.62x0.79x0.80x0.68x0.64x0.66x0.66x
Asset Growth %-23.01%22.86%9.47%-3.99%-4.89%3.65%5.51%
Total Current Liabilities50.2M93.94M115.17M86.86M86.21M70.98M79.14M122.27M
Accounts Payable12.09M27.42M38M25.45M17.12M13.14M19.28M29.87M
Days Payables Outstanding20.0838.432.5319.3815.1113.5217.9224.22
Short-Term Debt6.89M13.04M17.22M3.25M21.25M3.25M10.88M10.04M
Deferred Revenue (Current)04.53M5.93M4.48M3.79M3.79M00
Other Current Liabilities15.93M10.12M46.48M39.73M2.89M2.39M48.98M82.35M
Current Ratio2.54x1.78x1.99x2.94x2.77x2.51x2.77x2.77x
Quick Ratio1.83x1.09x1.04x1.03x1.64x1.43x1.82x1.82x
Cash Conversion Cycle75.1385.9898.78133.2990.8591.8378.4100.31
Total Non-Current Liabilities281.72M271.13M325.67M400.03M349.6M336.01M338.22M337.44M
Long-Term Debt216.33M208.45M263.19M309.63M279.95M278.27M23.96M23.63M
Capital Lease Obligations00032.39M24.79M22.14M073.71M
Deferred Tax Liabilities65.08M60.73M62.03M57.3M40.09M32.35M34.27M133.23M
Other Non-Current Liabilities306K1.94M453K702K4.77M3.25M279.99M285.25M
Total Liabilities331.92M365.07M440.84M486.89M435.8M406.99M417.36M459.7M
Total Debt223.22M221.5M280.41M352.19M333.12M310.83M34.84M33.67M
Net Debt166.57M162.19M236.46M319.57M230.36M254.44M-36.2M6.19M
Debt / Equity1.15x0.79x0.79x0.92x0.83x0.80x0.09x0.09x
Debt / EBITDA4.77x3.39x-5.17x5.86x4.96x0.42x0.49x
Net Debt / EBITDA3.56x2.49x-4.69x4.05x4.06x-0.43x-0.43x
Interest Coverage1.12x2.25x-1.19x2.63x0.67x0.65x1.24x1.66x
Total Equity
193.79M▲ 0%
281.61M▲ 45.3%
353.64M▲ 25.6%
382.79M▲ 8.2%
399.2M▲ 4.3%
387.22M▼ 3.0%
405.86M▲ 4.8%
396.7M▲ 0%
Equity Growth %-45.31%25.58%8.24%4.29%-3%4.81%4.53%
Book Value per Share1.612.343.203.383.543.353.393.39
Total Shareholders' Equity193.79M281.61M353.64M382.79M399.2M387.22M405.86M396.7M
Common Stock11K12K12K11K11K12K12K12K
Retained Earnings-2.22M13.77M-48.58M-54.57M-56.96M-74.82M-63.69M-72.23M
Treasury Stock00000000
Accumulated OCI-471K2.35M370K-3.53M-3.54M-5.05M-3.88M-3.23M
Minority Interest00000000

SWIM Cash Flow Statement

Latham Group, Inc. (SWIM) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations35.66M63.16M33.69M32.31M116.37M61.31M51.43M51.43M
Operating CF Margin %11.21%15.66%5.34%4.64%20.54%12.06%9.42%-
Operating CF Growth %-77.14%-46.66%-4.1%260.18%-47.32%-16.11%87.54%
Net Income7.46M15.98M-62.35M-5.69M-2.39M-17.86M11.12M8.55M
Depreciation & Amortization21.66M25.36M32.23M38.17M40.75M44.45M51.35M52.02M
Stock-Based Compensation808K1.83M128.78M50.63M18.8M7.39M9.25M8.38M
Deferred Taxes-10.23M-4.21M-12.03M-3.8M-17.19M-1.68M2.4M2.4M
Other Non-Cash Items10.6M3.14M1.84M26.59M17.1M18.48M6.61M-60.68M
Working Capital Changes5.36M21.05M-54.78M-73.59M59.29M10.53M-29.3M39.92M
Change in Receivables-7.1M5.27M-26.02M8.99M14.37M-2.38M-17.44M-9.77M
Change in Inventory12.96M-17.02M-39.66M-57.03M68.19M22.7M2.84M2.77M
Change in Payables-2.28M9.78M10.68M-12.36M-8.51M-4.04M5.8M1.24M
Cash from Investing-27.08M-115.81M-108.2M-45.02M-31.73M-84.64M-30.32M-46.83M
Capital Expenditures-8.16M-16.26M-24.98M-39.68M-33.19M-20.12M-25.39M-32.43M
CapEx % of Revenue2.57%4.03%3.96%5.7%5.86%3.96%4.65%-
Acquisitions-20.21M-100.12M-83.27M-5.36M0-64.53M-4.93M-14.4M
Investments--------
Other Investing1.3M579K35K24K1.46M000
Cash from Financing16.55M54.3M60.02M3.77M-13.88M-22.02M-6.97M-1.06M
Debt Issued (Net)16.5M-4.04M53.67M33.68M-13.88M-22.02M-4.07M-24.8M
Equity Issued (Net)50K64.97M117.63M-280.7M0002.31M
Dividends Paid-200K0-110.03M00000
Share Repurchases-200K-582K-281.64M-280.7M0002.31M
Other Financing200K-6.62M-1.25M250.8M00-2.9M21.43M
Net Change in Cash
24.17M▲ 0%
2.65M▼ 89.0%
-15.36M▼ 678.5%
-11.33M▲ 26.3%
70.14M▲ 719.3%
-46.37M▼ 166.1%
14.64M▲ 131.6%
3.52M▲ 0%
Free Cash Flow
27.49M▲ 0%
46.9M▲ 70.6%
8.71M▼ 81.4%
-7.38M▼ 184.6%
83.18M▲ 1227.9%
41.19M▼ 50.5%
26.05M▼ 36.8%
18.16M▲ 0%
FCF Margin %8.65%11.63%1.38%-1.06%14.68%8.1%4.77%3.29%
FCF Growth %-70.59%-81.42%-184.62%1227.86%-50.48%-36.77%-40.88%
FCF per Share0.230.390.08-0.070.740.360.220.22
FCF Conversion (FCF/Net Income)4.78x3.95x-0.54x-5.67x-48.73x-3.43x4.62x2.12x
Interest Paid19.49M15.63M17.37M12.62M25.75M24.89M0-6.27M
Taxes Paid168K14.81M20.05M20.31M6.99M15.47M0-344K

SWIM Key Ratios

Latham Group, Inc. (SWIM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)6.72%-19.63%-1.55%-0.61%-4.54%2.81%2.13%
Return on Invested Capital (ROIC)7.44%-5.25%3.48%1.82%2.16%4.73%4.73%
Gross Margin35.39%32.38%31.11%27%30.23%28.05%28.53%
Net Margin3.96%-9.89%-0.82%-0.42%-3.51%2.04%1.55%
Debt / Equity0.79x0.79x0.92x0.83x0.80x0.09x0.09x
Interest Coverage2.25x-1.19x2.63x0.67x0.65x1.24x1.66x
FCF Conversion3.95x-0.54x-5.67x-48.73x-3.43x4.62x2.12x
Revenue Growth26.86%56.29%10.35%-18.58%-10.23%7.35%8.34%

SWIM SEC Filings & Documents

Latham Group, Inc. (SWIM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 3, 2026·SEC

Material company update

Dec 8, 2025·SEC

10-K Annual Reports

4
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 5, 2025·SEC

FY 2024

Mar 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

SWIM Frequently Asked Questions

Latham Group, Inc. (SWIM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Latham Group, Inc. (SWIM) reported $551.8M in revenue for fiscal year 2025. This represents a 74% increase from $318.0M in 2019.

Latham Group, Inc. (SWIM) grew revenue by 7.4% over the past year. This is steady growth.

Yes, Latham Group, Inc. (SWIM) is profitable, generating $8.6M in net income for fiscal year 2025 (2.0% net margin).

Dividend & Returns

Latham Group, Inc. (SWIM) has a return on equity (ROE) of 2.8%. This is below average, suggesting room for improvement.

Latham Group, Inc. (SWIM) generated $18.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More SWIM

Latham Group, Inc. (SWIM) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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