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Latham Group, Inc.

SWIM

$7.90 ▼ -0.28 (-3.42%) at close

8 Visible periods

33 Metrics

Peer-ranked Benchmarks

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Health

Fair

Neutral

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Analytical Summary

Latham Group, Inc. shows mixed fundamentals. Consider comparing against peers in the Industrials sector before making investment decisions.

Market Cap $919.8M

Dividend Yield —

Revenue Growth 7.4% ↗

Op. Margin 5.6% ↗

ROIC 3.7% ↘

FCF / Share $0.33 ↘

Trailing P/E 79.0x

Price / Book 2.3x

FCF Yield 4.1%

Debt / Equity 0.69

info Valuation on last close. End-of-day price, Nov 5, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$545.91M

↑ +7.4% —

Net Income Profit after all expenses

$11.12M

↑ +162.3% —

Operating Margin Operating profit as % of sales

5.6%

↑ +55.8% 45th

FCF / Share Free cash flow per share

$0.33

↓ -8.4% —

Long-Term Debt Long-term obligations

$279.84M

↓ -0.6% —

Health Breakdown

Profitability ↑

Returns

Financial Health ↓

Cash Quality

Dividend History

Dividend / share · sourced from SEC filings

$1.00 Latest / share

FY 2018

FY 2019

FY 2020

$1.00

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	7.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+47%)	-10.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-305%)	-18.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-472%)	10.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+107%)	56.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1026%)	26.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+437%)	—	—
EPS Growth YoY (%)	N/M	-650.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	60.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	91.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	100.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	-647.9% Weak ↓ Weak Declining Year-over-year change in net income	58.1% Excellent ↓ Excellent Declining Year-over-year change in net income	90.9% Excellent Excellent Year-over-year change in net income	N/M	114.3% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-8.4% Weak Weak Year-over-year change in free cash flow	-51.6% Weak Weak Year-over-year change in free cash flow	N/M	N/M	-82.9% Weak Weak Year-over-year change in free cash flow	59.6% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-7.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-6.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	12.0% Good Good Compound annual revenue growth over 3 years	29.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.2% Fair Fair Compound annual revenue growth over 5 years	9.8% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	5.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	3.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	2.8% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	4.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	-5.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-148%)	9.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	7.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	—
Effective Tax Rate (%) (%)	17.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-104.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	76.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	141.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-16.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.8% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	-167.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	2.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	-3.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	-0.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	-0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	-9.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-224%)	4.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	2.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	—
FCF Margin (%) (%)	7.0% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	8.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.6% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	8.6% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	3.42x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.31x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-34.83x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	-0.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.93x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	3.69x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	3.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	0.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-6.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.9% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	34.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	6.2% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	2.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-82%)	-4.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-131%)	-0.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-104%)	-1.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-110%)	-17.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-218%)	5.7% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	3.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	0.69x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.73x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.75x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	0.82x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+17%)	0.79x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+13%)	—	—	—
Interest Coverage (x)	1.13x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.73x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.52x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.91x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-1.48x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.19x Caution Caution Operating income divided by interest expense Optimal: > 5x	1.11x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$279.84M	$281.52M	$301.20M	$312.88M	$280.41M	—	—	—
Debt / EBITDA (x)	3.42x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.49x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.30x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.59x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-71.01x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$4.69	$4.41	$5.02	$6.14	$5.70	$3.97	$3.35	—
Basic EPS, GAAP (USD)	$0.10	$-0.15	$-0.02	$-0.05	$-0.56	$0.16	$0.08	—
Free Cash Flow per Share (USD)	$0.33	$0.36	$0.74	$-0.07	$0.08	$0.46	$0.29	—
Dividend per Share (USD)	—	—	—	—	$1.00	—	—	—
Book Value per Share (USD)	$3.48	$3.34	$3.48	$3.34	$2.96	$2.37	$2.04	—
Tangible Book Value per Share (USD)	$-0.15	$-0.50	$-0.13	$-0.50	$-0.95	$-1.04	$0.97	—
Basic Weighted Avg Shares (shares)	116.42M	115.43M	112.90M	113.25M	110.64M	101.61M	95.03M	—
Dividend Payout Ratio (%)	—	—	—	—	-178.6% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$139.86M	$107.32M	$152.41M	$168.14M	$113.90M	$73.39M	—	—
LT Debt (USD)	$279.84M	$281.52M	$301.20M	$312.88M	$280.41M	—	—	—
Total Equity (USD)	$405.86M	$387.22M	$399.20M	$382.79M	$353.64M	$281.61M	$193.79M	$180.28M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$545.91M	$508.52M	$566.49M	$695.74M	$630.46M	$403.39M	$317.98M	—
Depreciation Expense (USD)	$51.35M	$44.45M	$40.75M	$38.17M	$32.23M	$25.36M	$21.66M	—
Net Income, GAAP (USD)	$11.12M	$-17.86M	$-2.39M	$-5.69M	$-62.35M	$15.98M	$7.46M	—
Operating Cash Flow (USD)	$63.43M	$61.31M	$116.37M	$32.31M	$33.69M	$63.16M	$35.66M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 8 years · 28 quarters

Latham Group, Inc.

Analytical Summary

8-Year Financial Trajectory

Health Breakdown

Dividend History

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