Revenue growth has shown significant volatility, shifting from a 7.1% contraction in 2024Q1 to a 6.2% expansion by 2026Q1, while maintaining a stable gross margin profile near 29.7% over the last ten quarters.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 5.36B | 5.29B | 5.31B | 5.54B | 6.18B | 5.3B | 3.94B | 3.2B | 3B | 2.79B | 2.57B | 2.36B | 2.25B | 2.08B | 1.95B | 1.79B | 1.61B | 1.54B | 1.78B | 1.93B | 1.91B | 1.55B | 1.31B | 1.16B | 983.25M | 856.05M | 669.76M | 569.8M | 457.6M | 335M | 235.8M |
| Revenue Growth % | 1.79% | -0.41% | -4.16% | -10.33% | 16.7% | 34.52% | 23.04% | 6.72% | 7.53% | 8.46% | 8.79% | 5.19% | 8.02% | 6.43% | 8.96% | 11.13% | 4.8% | -13.67% | -7.5% | 0.97% | 23% | 18.45% | 13.41% | 17.55% | 14.86% | 27.81% | 17.54% | 24.52% | 36.6% | 42.07% | 46.37% |
| Cost of Goods Sold | 3.77B | 3.72B | 3.74B | 3.88B | 4.25B | 3.68B | 2.81B | 2.27B | 2.13B | 1.98B | 1.83B | 1.69B | 1.6B | 1.49B | 1.39B | 1.26B | 1.14B | 1.09B | 1.27B | 1.4B | 1.37B | 1.12B | 940.02M | 840.69M | 727.71M | 633.36M | 505.47M | 434.9M | 353.7M | 260.7M | 182.8M |
| COGS % of Revenue | - | 70.27% | 70.34% | 70.04% | 68.71% | 69.46% | 71.27% | 71.09% | 70.98% | 71.12% | 71.17% | 71.41% | 71.36% | 71.57% | 70.96% | 70.36% | 70.8% | 70.79% | 71.11% | 72.48% | 71.73% | 72.15% | 71.71% | 72.73% | 74.01% | 73.99% | 75.47% | 76.33% | 77.29% | 77.82% | 77.52% |
| Gross Profit | 1.59B | 1.57B | 1.58B | 1.66B | 1.93B | 1.62B | 1.13B | 924.92M | 870.17M | 805.29M | 741.09M | 675.64M | 643.34M | 591.28M | 567.41M | 531.59M | 471.26M | 449.72M | 515.23M | 530.65M | 539.95M | 432.45M | 370.83M | 315.14M | 255.53M | 222.69M | 164.29M | 134.9M | 103.9M | 74.3M | 53M |
| Gross Margin % | 29.69% | 29.73% | 29.66% | 29.96% | 31.29% | 30.54% | 28.73% | 28.91% | 29.02% | 28.88% | 28.83% | 28.59% | 28.64% | 28.43% | 29.04% | 29.64% | 29.2% | 29.21% | 28.89% | 27.52% | 28.27% | 27.85% | 28.29% | 27.27% | 25.99% | 26.01% | 24.53% | 23.67% | 22.71% | 22.18% | 22.48% |
| Gross Profit Growth % | - | -0.18% | -5.1% | -14.14% | 19.56% | 42.99% | 22.27% | 6.29% | 8.06% | 8.66% | 9.69% | 5.02% | 8.81% | 4.21% | 6.74% | 12.8% | 4.79% | -12.71% | -2.91% | -1.72% | 24.86% | 16.61% | 17.67% | 23.33% | 14.75% | 35.55% | 21.79% | 29.84% | 39.84% | 40.19% | 37.66% |
| Operating Expenses | 1B | 992.25M | 958.14M | 912.93M | 907.63M | 786.81M | 666.88M | 583.68M | 556.28M | 520.92M | 485.23M | 459.42M | 454.47M | 425.79M | 415.59M | 406.52M | 370.02M | 361.28M | 399.75M | 396.87M | 372.57M | 292.19M | 257.24M | 227.11M | 182.84M | 158.17M | 116.05M | 97.1M | 79.4M | 59.4M | 43.2M |
| OpEx % of Revenue | - | 18.76% | 18.04% | 16.47% | 14.69% | 14.86% | 16.94% | 18.24% | 18.55% | 18.68% | 18.87% | 19.44% | 20.23% | 20.47% | 21.27% | 22.67% | 22.93% | 23.46% | 22.41% | 20.58% | 19.51% | 18.82% | 19.62% | 19.65% | 18.6% | 18.48% | 17.33% | 17.04% | 17.35% | 17.73% | 18.32% |
| Selling, General & Admin | 1B | 992.25M | 958.14M | 913.48M | 907.02M | 786.81M | 659.93M | 583.68M | 556.28M | 520.92M | 485.23M | 459.42M | 454.47M | 425.79M | 415.59M | 406.52M | 370.02M | 361.28M | 399.75M | 396.87M | 372.57M | 292.19M | 257.24M | 227.11M | 182.84M | 155.99M | 110.92M | 92.5M | 76.1M | 56.8M | 40.7M |
| SG&A % of Revenue | - | 18.76% | 18.04% | 16.48% | 14.68% | 14.86% | 16.76% | 18.24% | 18.55% | 18.68% | 18.87% | 19.44% | 20.23% | 20.47% | 21.27% | 22.67% | 22.93% | 23.46% | 22.41% | 20.58% | 19.51% | 18.82% | 19.62% | 19.65% | 18.6% | 18.22% | 16.56% | 16.23% | 16.63% | 16.96% | 17.26% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 6.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.18M | 5.13M | 4.6M | 3.3M | 2.6M | 2.5M |
| Operating Income | 585.27M | 580.2M | 617.2M | 747.12M | 1.03B | 832.78M | 464.03M | 341.25M | 313.89M | 284.37M | 255.86M | 216.22M | 188.87M | 165.49M | 144.87M | 125.07M | 101.25M | 88.44M | 115.48M | 133.77M | 167.38M | 140.26M | 113.59M | 88.03M | 72.69M | 64.52M | 48.24M | 37.8M | 24.5M | 14.9M | 9.8M |
| Operating Margin % | 10.93% | 10.97% | 11.62% | 13.48% | 16.6% | 15.73% | 11.79% | 10.67% | 10.47% | 10.2% | 9.95% | 9.15% | 8.41% | 7.96% | 7.41% | 6.97% | 6.27% | 5.74% | 6.47% | 6.94% | 8.76% | 9.03% | 8.67% | 7.62% | 7.39% | 7.54% | 7.2% | 6.63% | 5.35% | 4.45% | 4.16% |
| Operating Income Growth % | - | -5.99% | -17.39% | -27.17% | 23.18% | 79.47% | 35.98% | 8.72% | 10.38% | 11.14% | 18.33% | 14.48% | 14.13% | 14.23% | 15.83% | 23.53% | 14.48% | -23.41% | -13.68% | -20.08% | 19.34% | 23.47% | 29.05% | 21.1% | 12.65% | 33.75% | 27.63% | 54.29% | 64.43% | 52.04% | 3.16% |
| EBITDA | 636.16M | 631.81M | 662.68M | 787.26M | 1.06B | 862.81M | 493.43M | 370.52M | 341.8M | 310.1M | 277.84M | 233.61M | 204.75M | 180.08M | 157.75M | 136.37M | 112.57M | 99.98M | 128.93M | 147.76M | 180.29M | 150.06M | 123.87M | 96.97M | 79.53M | 72.63M | 53.38M | 42.4M | 27.8M | 17.5M | 12.3M |
| EBITDA Margin % | 11.88% | 11.94% | 12.48% | 14.21% | 17.23% | 16.29% | 12.53% | 11.58% | 11.4% | 11.12% | 10.81% | 9.89% | 9.11% | 8.66% | 8.07% | 7.6% | 6.98% | 6.49% | 7.23% | 7.66% | 9.44% | 9.66% | 9.45% | 8.39% | 8.09% | 8.48% | 7.97% | 7.44% | 6.08% | 5.22% | 5.22% |
| EBITDA Growth % | 0.54% | -4.66% | -15.82% | -26.07% | 23.41% | 74.86% | 33.17% | 8.4% | 10.23% | 11.61% | 18.93% | 14.09% | 13.7% | 14.16% | 15.67% | 21.14% | 12.59% | -22.45% | -12.74% | -18.04% | 20.15% | 21.14% | 27.74% | 21.93% | 9.5% | 36.08% | 25.88% | 52.52% | 58.86% | 42.28% | 6.03% |
| D&A (Non-Cash Add-back) | 50.89M | 51.6M | 45.48M | 40.14M | 39.02M | 30.03M | 29.4M | 29.27M | 27.91M | 25.73M | 21.98M | 17.39M | 15.88M | 14.6M | 12.88M | 11.3M | 11.33M | 11.54M | 13.45M | 13.98M | 12.9M | 9.8M | 10.28M | 8.94M | 6.84M | 8.11M | 5.13M | 4.6M | 3.3M | 2.6M | 2.5M |
| EBIT | 585.34M | 580.2M | 617.2M | 746.57M | 1.03B | 832.78M | 464.03M | 341.25M | 313.89M | 284.37M | 255.86M | 216.22M | 188.87M | 165.49M | 144.87M | 125.07M | 101.25M | 88.44M | 115.48M | 133.77M | 167.38M | 140.26M | 113.59M | 88.03M | 72.69M | 63.87M | 48.81M | 39.34M | 24.5M | 14.9M | 9.8M |
| Net Interest Income | -47.97M | -46.77M | -50.25M | -58.43M | -40.91M | -8.64M | -12.35M | -23.77M | -20.9M | -15.19M | -14.48M | -8.07M | -7.49M | -6.75M | -6.47M | -7.96M | -6.62M | -9.67M | -18.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 47.97M | 46.77M | 50.25M | 58.43M | 40.91M | 8.64M | 12.35M | 23.77M | 20.9M | 15.19M | 14.48M | 8.07M | 7.49M | 6.75M | 6.47M | 7.96M | 6.62M | 9.67M | 18.91M | 22.15M | 15.2M | 6.43M | 3.85M | 4.67M | 4.98M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -47.97M | -46.77M | -50.25M | -58.98M | -40.91M | -8.64M | -12.35M | -23.77M | -20.9M | -15.19M | -14.48M | -8.07M | -7.49M | -6.75M | -6.47M | -7.96M | -6.62M | -9.67M | -18.91M | -22.15M | -15.2M | -6.43M | -3.85M | -4.67M | -4.98M | -5.28M | -3.59M | -4.82M | -2.8M | -3.5M | -2.4M |
| Pretax Income | 537.35M | 533.43M | 566.95M | 688.14M | 984.87M | 824.14M | 451.67M | 317.47M | 292.99M | 269.18M | 241.38M | 208.15M | 181.38M | 158.74M | 138.4M | 117.1M | 94.63M | 78.77M | 96.56M | 111.63M | 152.19M | 133.82M | 109.74M | 83.36M | 67.71M | 58.59M | 45.22M | 34.5M | 21.7M | 11.4M | 7.4M |
| Pretax Margin % | 10.03% | 10.08% | 10.68% | 12.42% | 15.94% | 15.56% | 11.47% | 9.92% | 9.77% | 9.65% | 9.39% | 8.81% | 8.07% | 7.63% | 7.08% | 6.53% | 5.86% | 5.12% | 5.41% | 5.79% | 7.97% | 8.62% | 8.37% | 7.21% | 6.89% | 6.84% | 6.75% | 6.05% | 4.74% | 3.4% | 3.14% |
| Income Tax | 131.23M | 127.13M | 132.84M | 165.08M | 236.76M | 173.81M | 85.23M | 56.16M | 58.77M | 77.98M | 92.93M | 80.14M | 70.56M | 61.59M | 56.74M | 45.32M | 37.09M | 30.96M | 37.91M | 43.15M | 58.76M | 51.67M | 42.8M | 32.51M | 26.41M | 23.14M | 17.15M | 12.9M | 8M | 4.3M | 2.9M |
| Effective Tax Rate % | 24.42% | 23.83% | 23.43% | 23.99% | 24.04% | 21.09% | 18.87% | 17.69% | 20.06% | 28.97% | 38.5% | 38.5% | 38.9% | 38.8% | 41% | 38.7% | 39.2% | 39.3% | 39.26% | 38.66% | 38.61% | 38.61% | 39% | 39% | 39% | 39.5% | 37.92% | 37.39% | 36.87% | 37.72% | 39.19% |
| Net Income | 406.09M | 406.4M | 434.32M | 523.23M | 748.46M | 650.62M | 366.74M | 261.57M | 234.46M | 191.63M | 148.96M | 128.28M | 110.69M | 97.33M | 81.97M | 71.99M | 57.64M | 19.2M | 56.96M | 69.39M | 95.02M | 83.62M | 66.94M | 50.85M | 41.3M | 35.44M | 28.08M | 21.1M | 13.7M | 7.1M | 4.5M |
| Net Margin % | 7.58% | 7.68% | 8.18% | 9.44% | 12.11% | 12.29% | 9.32% | 8.18% | 7.82% | 6.87% | 5.79% | 5.43% | 4.93% | 4.68% | 4.2% | 4.01% | 3.57% | 1.25% | 3.19% | 3.6% | 4.98% | 5.39% | 5.11% | 4.4% | 4.2% | 4.14% | 4.19% | 3.7% | 2.99% | 2.12% | 1.91% |
| Net Income Growth % | -0.71% | -6.43% | -16.99% | -30.09% | 15.04% | 77.41% | 40.2% | 11.56% | 22.35% | 28.65% | 16.12% | 15.88% | 13.73% | 18.74% | 13.86% | 24.91% | 200.17% | -66.29% | -17.92% | -26.97% | 13.64% | 24.92% | 31.65% | 23.11% | 16.53% | 26.24% | 33.06% | 54.01% | 92.96% | 57.78% | 200% |
| Net Income (Continuing) | 406.12M | 406.4M | 434.32M | 523.23M | 748.46M | 650.62M | 366.74M | 261.57M | 234.46M | 191.34M | 148.6M | 128.22M | 111.03M | 97.33M | 81.66M | 71.99M | 57.64M | 47.82M | 58.65M | 69.39M | 95.02M | 82.15M | 63.41M | 50.85M | 41.3M | 35.44M | 28.08M | 21.6M | 13.7M | 7.1M | 4.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.29M | 2.67M | 3.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 11.14 | 10.85 | 11.30 | 13.35 | 18.70 | 15.97 | 8.97 | 6.40 | 5.62 | 4.51 | 3.47 | 2.90 | 2.44 | 2.05 | 1.71 | 1.47 | 1.15 | 0.39 | 1.17 | 1.37 | 1.74 | 1.45 | 1.13 | 0.87 | 0.72 | 0.59 | 0.47 | 0.35 | 0.23 | 0.14 | 0.09 |
| EPS Growth % | 1.97% | -3.98% | -15.36% | -28.61% | 17.09% | 78.04% | 40.16% | 13.88% | 24.61% | 29.97% | 19.66% | 18.85% | 19.02% | 19.88% | 16.33% | 27.83% | 194.87% | -66.67% | -14.6% | -21.26% | 20% | 28.32% | 29.89% | 20.83% | 22.03% | 25.53% | 34.29% | 52.17% | 64.29% | 51.84% | -5.82% |
| EPS (Basic) | - | 10.89 | 11.37 | 13.45 | 18.89 | 16.21 | 9.14 | 6.57 | 5.82 | 4.69 | 3.56 | 2.98 | 2.50 | 2.10 | 1.75 | 1.49 | 1.17 | 0.39 | 1.19 | 1.42 | 1.83 | 1.53 | 1.20 | 0.91 | 0.76 | 0.62 | 0.49 | 0.36 | 0.23 | 0.14 | 0.09 |
| Diluted Shares Outstanding | 36.44M | 37.29M | 38.23M | 39M | 39.81M | 40.48M | 40.87M | 40.87M | 41.69M | 42.45M | 42.98M | 44.25M | 45.44M | 47.53M | 48.06M | 48.99M | 50.16M | 49.05M | 48.49M | 50.8M | 54.66M | 55.66M | 56.11M | 58.45M | 57.37M | 60.13M | 59.74M | 60.15M | 60.3M | 50.05M | 49.07M |
| Basic Shares Outstanding | 36.36M | 37.15M | 38.01M | 38.7M | 39.41M | 39.88M | 40.11M | 39.83M | 40.31M | 40.84M | 41.87M | 43.1M | 44.28M | 46.28M | 46.94M | 48.16M | 49.47M | 48.65M | 47.86M | 48.89M | 51.87M | 52.45M | 52.84M | 55.88M | 54.35M | 57.21M | 57.3M | 58.27M | 58.86M | 48.74M | 48.1M |
| Dividend Payout Ratio | - | 45.5% | 41.36% | 32.01% | 20.12% | 18.38% | 25.07% | 32.03% | 29.61% | 30.28% | 33.4% | 33.61% | 33.97% | 34.74% | 35.54% | 36.77% | 44.67% | 131.81% | 42.89% | 32.76% | 22.18% | 21.36% | 15.99% | - | - | - | - | - | - | - | - |
Cyclical housing market sensitivity
According to recent quarterly filings, POOL's revenue growth has exhibited significant volatility, shifting from a 7.1% contraction in 2024Q1 to a 6.2% expansion by 2026Q1, reflecting the inherent seasonality of the pool distribution business and the normalization of demand following the pandemic-era construction boom.
The recent return to positive revenue growth in 2026Q1 suggests that the underlying maintenance-driven demand is beginning to offset the persistent weakness in new construction. Investors should monitor whether this growth trajectory can be sustained without the tailwind of high-ticket equipment upgrades, which remain sensitive to broader macroeconomic conditions.
As reported in financial statements, POOL has maintained a relatively stable gross margin profile, hovering near 29.7% over the last ten quarters, which suggests that the company retains significant pricing power despite the broader industrial distribution sector facing increased pressure from inflationary input costs and shifting product mixes.
The consistency in gross margins indicates that the company's private-label strategy and logistics density are effectively insulating it from commodity price volatility. However, any sustained shift toward lower-margin equipment sales at the expense of high-margin chemicals could threaten this structural stability in future periods.
Based on the provided income statement data, POOL's operating margins fluctuate dramatically between 5.3% and 15.3% on a quarterly basis, demonstrating that the company's fixed cost base is heavily leveraged to the peak summer swimming season rather than consistent year-round operational efficiency across all quarters.
The sharp contraction in operating income during off-peak quarters highlights the difficulty of scaling SG&A expenses in a business model that is fundamentally tied to seasonal volume. This suggests that management's ability to control overhead during the winter months is a critical determinant of annual profitability.
Analysis of the income statement reveals that while net income has remained positive, the emergence of $22.7 million in stock-based compensation during 2026Q1 warrants further investigation, as it represents a notable departure from the zero-SBC environment observed throughout the entirety of the 2024 and 2025 fiscal years.
The sudden introduction of stock-based compensation may indicate a change in management's incentive structure or a move to retain talent in a competitive labor market. Investors should assess whether this expense will become a recurring drag on earnings per share or if it remains a one-time anomaly.
While POOL's dominant market position is clear, the company's reliance on discretionary remodeling projects, which are currently pressured by high interest rates, suggests that the market's premium valuation may be vulnerable if the installed base maintenance revenue fails to provide a sufficient floor during a downturn.
Short-term investors should be wary of the potential for margin compression if the company is forced to increase promotional activity to clear inventory in a slowing housing market. The current valuation appears to assume a level of resilience that has not been fully tested in a prolonged high-rate environment.
Quick answers to the most common questions about buying POOL stock.
For fiscal year 2025, Pool Corporation (POOL) reported total revenue of $5.29B. This represents a 2143.2% increase compared to $235.8M in 1996.
Pool Corporation (POOL) is profitable, generating $406.4M in net income for the fiscal year ending 2025 with a net profit margin of 7.7%.
Pool Corporation (POOL) reported an operating income of $580.2M, resulting in an operating profit margin of 11.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Pool Corporation (POOL) generated $1.57B in gross profit for the year, representing a gross profit margin of 29.7%. This demonstrates the company's core pricing power and production efficiency.