Latest Ratios: P/E Ratio 15.4x · EV/EBITDA 11.9x · ROE 33.1%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.1B | $8.5B | $13.0B | $15.5B | $12.0B | $22.9B | $15.2B | $8.7B | $6.2B | $5.5B | $4.5B |
| Enterprise Value | $7.5B | $10.0B | $14.2B | $16.8B | $13.6B | $24.3B | $15.8B | $9.3B | $6.8B | $6.0B | $4.9B |
| P/E Ratio → | 15.36 | 21.08 | 30.17 | 29.87 | 16.17 | 35.44 | 41.53 | 33.18 | 26.45 | 28.75 | 30.07 |
| P/S Ratio | 1.15 | 1.61 | 2.45 | 2.81 | 1.95 | 4.33 | 3.87 | 2.71 | 2.07 | 1.97 | 1.74 |
| P/B Ratio | 5.24 | 7.20 | 10.23 | 11.84 | 9.74 | 21.38 | 23.80 | 21.16 | 27.72 | 24.66 | 21.61 |
| P/FCF | 19.62 | 27.56 | 21.73 | 18.78 | 27.27 | 83.06 | 40.50 | 32.70 | 71.18 | 40.49 | 34.23 |
| P/OCF | 16.60 | 23.31 | 19.77 | 17.51 | 24.82 | 73.09 | 38.29 | 29.05 | 52.23 | 31.39 | 27.12 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.88 | 2.68 | 3.04 | 2.21 | 4.59 | 4.02 | 2.92 | 2.28 | 2.15 | 1.91 |
| EV / EBITDA | 11.87 | 15.76 | 21.47 | 21.40 | 12.82 | 28.18 | 32.05 | 25.21 | 20.04 | 19.33 | 17.64 |
| EV / EBIT | 12.93 | 17.17 | 23.05 | 22.57 | 13.31 | 29.20 | 34.08 | 27.37 | 21.82 | 21.08 | 19.16 |
| EV / FCF | — | 32.18 | 23.72 | 20.34 | 30.94 | 88.15 | 42.07 | 35.19 | 78.64 | 44.09 | 37.41 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.7% | 29.7% | 29.7% | 30.0% | 31.3% | 30.5% | 28.7% | 28.9% | 29.0% | 28.9% | 28.8% |
| Operating Margin | 11.0% | 11.0% | 11.6% | 13.5% | 16.6% | 15.7% | 11.8% | 10.7% | 10.5% | 10.2% | 10.0% |
| Net Profit Margin | 7.7% | 7.7% | 8.2% | 9.4% | 12.1% | 12.3% | 9.3% | 8.2% | 7.8% | 6.9% | 5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.1% | 33.1% | 33.6% | 41.1% | 64.9% | 76.1% | 69.9% | 82.5% | 105.0% | 89.0% | 63.9% |
| ROA | 11.6% | 11.6% | 12.8% | 15.0% | 22.0% | 26.2% | 22.8% | 19.2% | 20.0% | 18.3% | 15.4% |
| ROIC | 17.1% | 17.1% | 18.2% | 20.5% | 28.9% | 33.7% | 30.3% | 26.3% | 29.7% | 31.9% | 32.1% |
| ROCE | 22.0% | 22.0% | 23.8% | 26.9% | 38.2% | 44.5% | 39.5% | 33.7% | 36.6% | 38.5% | 38.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.30 | 1.30 | 1.00 | 1.04 | 1.34 | 1.33 | 0.98 | 1.68 | 2.98 | 2.33 | 2.11 |
| Debt / EBITDA | 2.43 | 2.43 | 1.92 | 1.73 | 1.56 | 1.65 | 1.26 | 1.86 | 1.95 | 1.68 | 1.58 |
| Net Debt / Equity | — | 1.21 | 0.94 | 0.99 | 1.31 | 1.31 | 0.92 | 1.61 | 2.91 | 2.19 | 2.01 |
| Net Debt / EBITDA | 2.26 | 2.26 | 1.80 | 1.65 | 1.52 | 1.63 | 1.20 | 1.78 | 1.90 | 1.58 | 1.50 |
| Debt / FCF | — | 4.62 | 1.99 | 1.57 | 3.66 | 5.09 | 1.57 | 2.49 | 7.47 | 3.60 | 3.18 |
| Interest Coverage | 12.41 | 12.41 | 12.28 | 12.78 | 25.07 | 96.40 | 37.56 | 14.35 | 15.02 | 18.72 | 17.67 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.24 | 2.24 | 2.05 | 2.36 | 2.99 | 2.38 | 2.32 | 2.49 | 2.99 | 2.43 | 2.35 |
| Quick Ratio | 0.59 | 0.59 | 0.52 | 0.58 | 0.63 | 0.58 | 0.71 | 0.69 | 0.79 | 0.76 | 0.71 |
| Cash Ratio | 0.12 | 0.12 | 0.09 | 0.09 | 0.07 | 0.03 | 0.07 | 0.07 | 0.05 | 0.09 | 0.07 |
| Asset Turnover | — | 1.46 | 1.58 | 1.62 | 1.73 | 1.64 | 2.26 | 2.16 | 2.42 | 2.53 | 2.59 |
| Inventory Turnover | 2.56 | 2.56 | 2.90 | 2.84 | 2.67 | 2.75 | 3.59 | 3.24 | 3.16 | 3.70 | 3.76 |
| Days Sales Outstanding | — | 24.00 | 21.64 | 22.59 | 20.76 | 25.96 | 26.81 | 25.84 | 25.30 | 25.69 | 23.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.0% | 2.2% | 1.4% | 1.1% | 1.3% | 0.5% | 0.6% | 1.0% | 1.1% | 1.1% | 1.1% |
| Payout Ratio | 45.5% | 45.5% | 41.4% | 32.0% | 20.1% | 18.4% | 25.1% | 32.0% | 29.6% | 30.3% | 33.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 4.7% | 3.3% | 3.3% | 6.2% | 2.8% | 2.4% | 3.0% | 3.8% | 3.5% | 3.3% |
| FCF Yield | 5.1% | 3.6% | 4.6% | 5.3% | 3.7% | 1.2% | 2.5% | 3.1% | 1.4% | 2.5% | 2.9% |
| Buyback Yield | 5.7% | 4.1% | 2.4% | 2.0% | 3.9% | 0.6% | 0.5% | 0.3% | 3.0% | 2.7% | 4.0% |
| Total Shareholder Yield | 8.7% | 6.2% | 3.7% | 3.0% | 5.2% | 1.1% | 1.1% | 1.2% | 4.1% | 3.7% | 5.1% |
| Shares Outstanding | — | $37M | $38M | $39M | $40M | $40M | $41M | $41M | $42M | $42M | $43M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying POOL stock.
Pool Corporation's current P/E ratio is 15.4x. The historical average is 24.8x. This places it at the 10th percentile of its historical range.
Pool Corporation's current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
Pool Corporation's return on equity (ROE) is 33.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 40.1%.
Based on historical data, Pool Corporation is trading at a P/E of 15.4x. This is at the 10th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pool Corporation's current dividend yield is 2.98% with a payout ratio of 45.5%.
Pool Corporation has 29.7% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
Pool Corporation's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Discretionary demand sensitivity
Metrics are mathematically derived from official filings.
Margin Resilience Amid Flat Sales
Gross margin held at 29.7% in Q2 2026, per the latest income statement, while operating margin expanded to 14.7% despite flat revenue, indicating pricing discipline and a favorable mix toward maintenance products.
The stability of gross margin around 30% over the past ten quarters, even as revenue growth stalled, suggests that Pool Corporation is successfully defending its value-added distribution model. Operating margin of 14.7% in Q2 2026, up from 15.3% a year earlier, reflects tight cost control and operating leverage, but the slight decline year-over-year hints at normalization from the pandemic-era peak. Net margin of 10.3% is robust for a distributor, but investors should monitor whether the recent EPS beat was partly driven by non-operating items, as the income statement shows stock-based compensation of $17.5M.
ROIC Cyclicality Masks Underlying Strength
ROIC peaked at 7.7% in Q2 2025 and Q2 2026, per the ratio data, but fell to 2.3% in Q1 2026, reflecting the seasonal inventory build that depresses returns in off-peak quarters.
The quarterly ROIC pattern is highly seasonal, with Q2 consistently showing the highest returns (7.2-7.7%) and Q1 the lowest (2.3%), driven by the working capital cycle. On a trailing twelve-month basis, ROIC appears to be in the mid-single digits, which is respectable for a distribution business but below the high-teens levels seen during the 2020-2022 boom. The stability of Q2 ROIC over the past two years suggests that the company is not experiencing a structural decay in returns, but the flat revenue environment limits the potential for meaningful expansion.
Working Capital Swings Define Cash Cycle
Cash conversion cycle stretched to 85 days in Q2 2026, per the ratio data, up from 77 days a year earlier, as DIO rose to 108 days, reflecting inventory build ahead of the peak season.
The CCC is highly seasonal, peaking in Q4 (136-142 days) and troughing in Q2 (77-85 days), which is typical for a pool distributor that must stock inventory before the summer. The increase in DIO from 102 days in Q2 2025 to 108 days in Q2 2026 suggests that inventory is growing faster than sales, which could indicate either a strategic build for anticipated demand or a slowdown in sell-through. DPO of 52 days is stable, indicating that Pool Corporation is not stretching supplier terms, which is prudent given the rising leverage.
Debt Rises as Cash Dwindles
Debt-to-equity climbed to 1.35 in Q2 2026 from 1.01 a year earlier, per the balance sheet, while cash fell to $28.8M, indicating increased reliance on borrowings to fund inventory and shareholder returns.
Total debt rose to $1.7B in Q2 2026, and interest coverage of 17.75x remains comfortable, but the trend of rising leverage and falling cash warrants monitoring. The D/E of 1.35 is elevated relative to the prior year and reflects the seasonal peak in working capital, but the fact that cash is only $28.8M suggests that the company is operating with a thin liquidity cushion. If revenue growth remains flat, the increased debt service and inventory risk could pressure returns, especially if the discretionary market does not recover.
Liquidity Tied Up in Inventory
Current ratio improved to 2.67 in Q2 2026, per the balance sheet, but quick ratio of 0.91 reveals that liquidity is largely dependent on inventory, which may be hard to liquidate in a downturn.
The current ratio of 2.67 appears healthy, but the quick ratio of 0.91 indicates that excluding inventory, current assets barely cover current liabilities. This is typical for a distributor, but it means that a sudden drop in demand could leave the company with excess inventory that is difficult to sell without margin erosion. The seasonal pattern of the quick ratio, falling to 0.52-0.59 in Q4 and Q1, underscores the reliance on inventory as a source of liquidity during off-peak periods.
P/E Misleads on Cyclicality
The P/E of 17.12 appears reasonable, per the valuation data, but it fails to capture the extreme seasonality of earnings, which makes trailing multiples distorted by the Q2 peak.
Pool Corporation's earnings are heavily concentrated in Q2, so a trailing P/E calculated at any point other than after Q2 may be misleading. A more appropriate metric is EV/EBITDA, which at 12.98 is more stable and better reflects the company's cash-generating ability, or a forward P/E that normalizes for seasonality. Additionally, the PEG of 4.41 suggests that the market is pricing in very low growth, which may be overly pessimistic given the installed base tailwind, but it also highlights that the stock is not cheap on a growth-adjusted basis.