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Latham Group, Inc. (SWIM)

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Latham Group, Inc. (SWIM) reported revenue of $197 million for Q2 FY2026, the quarter ended 27 June 2026, up 14.4% on the same quarter a year earlier. Net income was $13 million, down 20.2% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$197 millionup 14.4%
Net income$13 milliondown 20.2%
Diluted EPS$0.11
QuarterQ2 FY2026ended 27 June 2026

Latham Group (SWIM) in brief

Latham Group (SWIM) reported revenue of $546 million for fiscal 2025, the year ended 31 December 2025, up 7.4% on the year before.
Read moreNet income was $11 million and diluted earnings per share $0.09. Revenue was $509 million in fiscal 2024, $566 million in fiscal 2023, $696 million in fiscal 2022 and $630 million in fiscal 2021. Net income in the same years was a loss of $18 million, a loss of $2 million, a loss of $6 million and a loss of $62 million. Over the twelve months to 27 June 2026, Latham Group reported revenue of $577 million and net income of $5 million. Revenue grew 6.2% a year, compounded, over the five years to fiscal 2025. Latham Group had 118 million shares outstanding at the latest filed count. At 27 June 2026 it carried $280 million of debt and $43 million of cash. At the close of 29 October 2026 the market cap of Latham Group was $854 million, 145.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE1.3%
ROCE4.2%
Operating margin5.1%
Net margin0.9%
FCF margin8.5%
Interest cover1.27
Debt to equity0.68
Cash conversion15.04
Share count, last 12 months0.9%
Sales CAGR, 3 years-7.8%
Profit CAGR, 3 yearsn/a
EPS, TTM$0.05

At the close of 29 October 2026

Price$7.26
Market cap$854 million
Stock P/E145.30
Price to book2.08
EV / EBITDA13.25
Dividend yieldn/a
Market cap / sales1.48
52-week high$7.83
52-week low$4.76
Price, 1 year-1.2%
Price CAGR, 3 years48.7%
Price CAGR, 5 years-14.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Latham Group, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SWIMgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SWIM

Dividends$1.00 a share in FY2021
Filings16 in twelve months: 7 current reports (8-K), about 5 results of operations; 2 officer or director change; 1 material agreement; 1 new financial obligation; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $107,814; latest 11 August 2026
Options tapeput/call 8.82 by open interest at the 29 October 2026 close; the straddle prices a 20.9% move to 20 November 2026
13F holders134 funds reported a position for the quarter to 30 June 2026; largest Pamplona Capital Management, LLC
Insider trading0 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 4.38 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue16213919220718910813817716190.911116015087.3111173162100.0117197
Cost of revenue11196.512113913188.610412711369.780.010710265.878.510910572.080.2127
Gross profit51.042.470.767.658.919.333.450.248.121.230.653.048.721.432.964.057.327.937.270.1
Gross margin31%31%37%33%31%18%24%28%30%23%28%33%32%25%30%37%35%28%32%35%
SG&A48.147.245.241.826.733.133.130.223.423.626.226.628.327.230.631.928.631.436.637.6
Operating income-2.6-10.96.818.625.0-20.4-6.313.418.1-9.0-2.120.013.4-13.0-4.924.721.5-10.7-6.625.1
Operating margin-2%-8%4%9%13%-19%-5%8%11%-10%-2%12%9%-15%-4%14%13%-11%-6%13%
Interest expense4.33.61.83.24.36.610.84.56.09.65.06.09.24.76.47.16.16.24.85.9
Pre-tax income-3.5-13.12.515.321.0-25.0-17.310.612.8-16.2-7.313.75.9-21.0-10.021.115.6-13.2-11.318.9
Tax raten/an/a215%72%43%n/an/a46%52%n/an/a3%-1%n/an/a24%48%n/an/a32%
Net income-11.3-6.0-2.84.311.9-19.0-14.45.76.20.1-7.913.35.9-29.2-6.016.08.1-7.0-8.512.8
Net margin-7%-4%-1%2%6%-18%-10%3%4%0%-7%8%4%-33%-5%9%5%-7%-7%6%
Diluted EPS-$0.10-$0.04-$0.02$0.04$0.10-$0.17-$0.13$0.05$0.05$0.00-$0.07$0.11$0.05-$0.25-$0.05$0.13$0.07-$0.06-$0.07$0.11
Operating cash flow15.34.3-57.542.420.327.1-14.550.851.828.2-34.552.437.26.2-46.936.051.023.3-47.753.5
Capital expenditure6.35.76.710.112.310.79.913.44.94.95.34.54.06.33.56.95.89.210.55.6
Free cash flow9.0-1.5-64.132.38.116.4-24.437.346.923.3-39.947.933.2-0.1-50.329.145.214.1-58.248.0
Buybacks0.00.025815.00.08.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid0.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding120m119m119m118m117m115m115m115m115m115m115m116m116m116m116m117m117m117m117m118m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue318403630696566509546577
Cost of revenue220261426479414355364384
Gross profit98.2143204216153154182192
Gross margin30.9%35.4%32.4%31.1%27.0%30.2%33.4%33.4%
Selling, general and administrative57.485.5218147110108123134
Operating income25.139.9-36.230.016.118.330.629.3
Operating margin7.9%9.9%-5.7%4.3%2.8%3.6%5.6%5.1%
Interest expensen/a18.324.415.830.924.825.823.0
Pre-tax income2.822.8-53.513.7-10.1-8.713.59.9
Income tax-4.76.88.819.4-7.79.12.44.6
Effective tax rate-167.7%29.8%n/a141.5%n/an/a17.5%46.5%
Net income7.516.0-62.3-5.7-2.4-17.911.15.3
Net margin2.3%4.0%-9.9%-0.8%-0.4%-3.5%2.0%0.9%
Diluted EPS$0.08$0.16-$0.56-$0.05-$0.02-$0.15$0.09$0.05
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
In-ground Swimming Pools29825926248.0%
Covers14113116129.4%
Liners12811812322.6%
In-ground Swimming PoolsCoversLiners
566FY2023509FY2024546FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States47542946284.6%
Canada58.448.150.19.2%
Australia22.521.521.84.0%
NZ6.05.76.31.1%
Other4.53.95.71.0%
United StatesCanadaAustraliaNZOther
566FY2023509FY2024546FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow35.763.233.732.311661.363.480.1
Capital expenditure8.216.325.039.733.220.125.431.1
Free cash flow27.546.98.7-7.483.241.238.049.0
Free cash flow margin8.6%11.6%1.4%-1.1%14.7%8.1%7.0%8.5%
Cash from investing-27.1-116-108-45.0-31.7-84.6-42.3-57.3
Cash from financing16.654.360.03.8-13.9-22.0-7.0-7.1
Depreciation and amortisation21.725.432.238.240.844.451.453.0
Share-based compensation0.81.812950.618.87.49.28.6
Buybacks0.20.62822810.00.0n/an/a
Dividends paidn/a6.6110n/an/an/an/an/a
Dividend per sharen/an/a$1.00n/an/an/an/an/a
Diluted shares, weighted95m103m111m113m113m115m120m120m
Shares outstanding at period endn/a110m119m115m115m116m117m118m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity194282354383399387406411
Debtn/a221280313301282280280
Operating lease liabilitiesn/an/an/a32.424.822.124.024.3
Finance lease liabilitiesn/an/an/a0.23.32.72.12.0
Other liabilitiesn/a144160141107101111143
Total liabilities and equityn/a647794870835794823860
Owned
Fixed assetsn/a47.463.598.2113113119136
Goodwill102116129131131153155162
Intangible assetsn/a289338309283293268258
Cash and equivalents56.759.344.032.610356.471.043.5
Receivablesn/a32.860.848.830.432.339.995.2
Inventoryn/a64.811016597.177.174.979.6
Other assetsn/a37.249.584.277.570.095.386.0
Total assetsn/a647794870835794823860
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a6.2%-7.8%10.5%
Profit growth, compoundedn/a-7.0%n/an/a
Return on equity, averagen/a-4.3%-0.8%2.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Latham Group's revenue in fiscal 2025?

Latham Group (SWIM) reported revenue of $546 million for fiscal 2025, the year ended 31 December 2025, up 7.4% on the year before.

How much did Latham Group earn in fiscal 2025?

Net income was $11 million for fiscal 2025, and diluted earnings per share $0.09.

What is Latham Group's P/E ratio?

At the close of 29 October 2026, Latham Group traded at 145.3 times its earnings over the twelve months to 27 June 2026.

What is Latham Group's market cap?

The market cap of Latham Group was $854 million at the close of 29 October 2026.

How much debt does Latham Group have?

At 27 June 2026 Latham Group carried $280 million of debt and $43 million of cash.

Peers: Rubber and Plastic Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Entegris Inc. ENTG$24.4 billion62.509.1%18.2%9.4%0.750.2%
Carlisle Companies Inc. CSL$14.4 billion21.0049.9%19.5%4.0%2.011.2%
Advanced Drainage Systems, Inc. WMS$9.7 billion23.5825.2%20.7%10.4%0.900.5%
Aptargroup, Inc. ATR$8.3 billion23.6313.8%12.1%8.9%0.521.4%
Armstrong World Industries Inc. AWI$7.0 billion22.1735.9%25.8%9.1%0.530.8%
Enpro Inc. NPO$6.0 billion138.722.8%14.3%13.3%0.360.4%
Newell Brands Inc. NWL$2.2 billionn/a-9.0%2.3%-2.0%2.045.5%
Myers Industries Inc. MYE$1.1 billion40.079.4%12.7%-12.9%0.961.8%
Karat Packaging Inc. KRT$1.1 billion21.7430.2%12.8%11.6%0.213.3%
Latham Group, Inc. SWIM$854 million145.301.3%5.1%10.5%0.68n/a
Lightwave Logic, Inc. LWLG$708 millionn/a-21.9%-9,688.2%165.2%0.00n/a
6 companies share its SEC industry code (Plastics Products, Nec); the rest are the names nearest in size in its wider industry, Rubber and Plastic Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q27 June 20265 August 2026EDGAR
10-Q28 March 20266 May 2026EDGAR
10-K31 December 20254 March 2026EDGAR
10-Q27 September 20255 November 2025EDGAR
10-Q28 June 20256 August 2025EDGAR
10-Q29 March 20257 May 2025EDGAR
10-K31 December 20245 March 2025EDGAR
10-Q28 September 20246 November 2024EDGAR
10-Q29 June 20247 August 2024EDGAR
10-Q30 March 20248 May 2024EDGAR