Latham Group, Inc. (SWIM) Financial Ratios
7 years of historical data (2019–2025) · Industrials · Construction
EV/EBITDA
↓
7.74
↓-31% vs avg
5yr avg: 11.22
30Y Low8.7·High16.9
P/FCF
↓
26.14
↓-72% vs avg
5yr avg: 92.52
30Y Low3.6·High29.2
P/B Ratio
↓
1.72
↓-36% vs avg
5yr avg: 2.70
30Y Low0.7·High7.8
ROE
↑
2.8%
↓+160% vs avg
5yr avg: -4.7%
30Y Low-20%·High7%
Debt/EBITDA
↓
0.42
↓-90% vs avg
5yr avg: 4.10
30Y Low0.4·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SWIM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Latham Group, Inc. trades at 62.7x earnings, 8% below its 5-year average of 68.4x, sitting at the 0th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 145%. On a free-cash-flow basis, the stock trades at 26.1x P/FCF, 72% below the 5-year average of 92.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $681M | $761M | $803M | $297M | $365M | $2.8B | — | — |
| Enterprise Value | $645M | $725M | $1.1B | $527M | $684M | $3.0B | — | — |
| P/E Ratio → | 62.72 | 68.43 | — | — | — | — | — | — |
| P/S Ratio | 1.25 | 1.39 | 1.58 | 0.52 | 0.52 | 4.39 | — | — |
| P/B Ratio | 1.72 | 1.87 | 2.07 | 0.74 | 0.95 | 7.83 | — | — |
| P/FCF | 26.14 | 29.21 | 19.50 | 3.57 | — | 317.78 | — | — |
| P/OCF | 13.24 | 14.79 | 13.10 | 2.55 | 11.29 | 82.20 | — | — |
P/E links to full P/E history page with 30-year chart
SWIM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Latham Group, Inc.'s enterprise value stands at 7.7x EBITDA, 31% below its 5-year average of 11.2x. The Industrials sector median is 13.8x, placing the stock at a 44% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.33 | 2.08 | 0.93 | 0.98 | 4.77 | — | — |
| EV / EBITDA | 7.74 | 8.71 | 16.87 | 9.27 | 10.03 | — | — | — |
| EV / EBIT | 20.21 | 22.73 | 65.71 | 25.28 | 16.51 | — | — | — |
| EV / FCF | — | 27.82 | 25.68 | 6.34 | — | 344.91 | — | — |
SWIM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Latham Group, Inc. earns an operating margin of 5.8%, roughly in line with the Industrials sector average. Operating margins have expanded from 2.8% to 5.8% over the past 3 years, signaling improving operational efficiency. ROE of 2.8% is modest, trailing the sector median of 8.2%. ROIC of 4.7% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.1% | 28.1% | 30.2% | 27.0% | 31.1% | 32.4% | 35.4% | 30.9% |
| Operating Margin | 5.8% | 5.8% | 3.6% | 2.8% | 4.3% | -5.7% | 9.9% | 7.9% |
| Net Profit Margin | 2.0% | 2.0% | -3.5% | -0.4% | -0.8% | -9.9% | 4.0% | 2.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 2.8% | 2.8% | -4.5% | -0.6% | -1.5% | -19.6% | 6.7% | 3.8% |
| ROA | 1.4% | 1.4% | -2.2% | -0.3% | -0.7% | -8.7% | 2.7% | 1.4% |
| ROIC | 4.7% | 4.7% | 2.2% | 1.8% | 3.5% | -5.2% | 7.4% | 5.2% |
| ROCE | 4.3% | 4.3% | 2.5% | 2.1% | 4.1% | -5.9% | 7.8% | 5.3% |
SWIM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Latham Group, Inc. carries a Debt/EBITDA ratio of 0.4x, which is very conservative (87% below the sector average of 3.2x). The company holds a net cash position — cash of $71M exceeds total debt of $35M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.80 | 0.83 | 0.92 | 0.79 | 0.79 | 1.15 |
| Debt / EBITDA | 0.42 | 0.42 | 4.96 | 5.86 | 5.17 | — | 3.39 | 4.77 |
| Net Debt / Equity | — | -0.09 | 0.66 | 0.58 | 0.83 | 0.67 | 0.58 | 0.86 |
| Net Debt / EBITDA | -0.43 | -0.43 | 4.06 | 4.05 | 4.69 | — | 2.49 | 3.56 |
| Debt / FCF | — | -1.39 | 6.18 | 2.77 | — | 27.13 | 3.46 | 6.06 |
| Interest Coverage | 1.24 | 1.24 | 0.65 | 0.67 | 2.63 | -1.19 | 2.25 | 1.12 |
Net cash position: cash ($71M) exceeds total debt ($35M)
SWIM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Latham Group, Inc.'s current ratio of 2.77x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.82x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.77 | 2.77 | 2.51 | 2.77 | 2.94 | 1.99 | 1.78 | 2.54 |
| Quick Ratio | 1.82 | 1.82 | 1.43 | 1.64 | 1.03 | 1.04 | 1.09 | 1.83 |
| Cash Ratio | 0.90 | 0.90 | 0.79 | 1.19 | 0.38 | 0.38 | 0.63 | 1.13 |
| Asset Turnover | — | 0.66 | 0.64 | 0.68 | 0.80 | 0.79 | 0.62 | 0.60 |
| Inventory Turnover | 5.24 | 5.24 | 4.60 | 4.26 | 2.90 | 3.89 | 4.02 | 6.17 |
| Days Sales Outstanding | — | 26.69 | 26.03 | 20.23 | 26.84 | 37.51 | 33.60 | 36.07 |
SWIM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Latham Group, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 4.0% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 2.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 1.5% | — | — | — | — | — | — |
| FCF Yield | 3.8% | 3.4% | 5.1% | 28.0% | — | 0.3% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 77.0% | 10.2% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 77.0% | 14.1% | — | — |
| Shares Outstanding | — | $120M | $115M | $113M | $113M | $111M | $120M | $120M |
Peer Comparison
Compare SWIM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SWIMYou | $681M | 62.7 | 7.7 | 26.1 | 28.1% | 5.8% | 2.8% | 4.7% | 0.4 |
 HAYW | $3B | 22.1 | 10.0 | 14.4 | 45.6% | 21.1% | 10.0% | 10.2% | 0.0 |
 LEXX | $12M | -0.8 | — | — | 83.2% | -1648.0% | -232.0% | -790.9% | — |
 PATK | $3B | 22.4 | 10.1 | 11.8 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
 TREX | $5B | 26.5 | 16.0 | 36.4 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 MAS | $15B | 19.3 | 12.5 | 17.3 | 35.5% | 16.8% | 7363.6% | 35.4% | 2.4 |
 UFPI | $5B | 17.3 | 8.0 | 17.8 | 16.8% | 5.8% | 9.3% | 11.4% | 0.4 |
 SHW | $79B | 31.2 | 21.3 | 29.8 | 48.9% | 16.1% | 59.4% | 16.5% | 3.3 |
 POOL | $7B | 18.3 | 11.9 | 23.6 | 29.7% | 11.0% | 33.1% | 22.3% | 0.6 |
 FLXS | $347M | 18.3 | 12.1 | 10.3 | 22.2% | 6.0% | 12.7% | 9.9% | 2.0 |
 WMS | $11B | 27.0 | 14.2 | 19.8 | 36.3% | 22.5% | 23.7% | 16.8% | 2.0 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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SWIM — Frequently Asked Questions
Quick answers to the most common questions about buying SWIM stock.
What is Latham Group, Inc.'s P/E ratio?
Latham Group, Inc.'s current P/E ratio is 62.7x. The historical average is 68.4x.
What is Latham Group, Inc.'s EV/EBITDA?
Latham Group, Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
What is Latham Group, Inc.'s ROE?
Latham Group, Inc.'s return on equity (ROE) is 2.8%. The historical average is -1.9%.
Is SWIM stock overvalued?
Based on historical data, Latham Group, Inc. is trading at a P/E of 62.7x. Compare with industry peers and growth rates for a complete picture.
What are Latham Group, Inc.'s profit margins?
Latham Group, Inc. has 28.1% gross margin and 5.8% operating margin.
How much debt does Latham Group, Inc. have?
Latham Group, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.