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Latham Group, Inc.

SWIM Industrials Building Products & Equipment

Latham Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $545.9 million, up 7.35% from fiscal 2024.

Revenue
+12.5%
EPS
+42.9%
Free cash flow
−5.62%
Total debt
+4.05%

Quarter to September 2026, against a year earlier

7.88 0.30 −3.67%
Market cap
$931.8M
P/E
98.5×
Fwd P/E
76.4×
Dividend yield
—
F-score
7/9
Altman Z
1.94
Beneish M
−2.49
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.32
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 2 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 51.78%

Capital & Financial Ratios $m

Size
Market Cap 931.76
Revenue ttm 596.91
Net income ttm 9.27
Free cash flow ttm 34.48
Net debt Q 197.65
Valuation
P/E 98.50 (above 35: high)
Forward P/E 76.40 (above 35: high)
Price / sales 1.55
Forward P/S Powerpack
Price / FCF 26.90
Price / book 2.19
Financial health
Current ratio Q 2.38 (at or above 1.5: strong)
Debt / equity Q 0.69
Interest coverage Q 4.35
Growth
Revenue growth Q +12.52% (above 0%: growing)
Operating income growth Q +9.76% (above 0%: growing)
EPS, this year +33.35% (at or above 15%: strong)
EPS, next year A +20.15% (at or above 15%: strong)
Revenue, next year A +11.35% (at or above 10%: strong)
EPS, past 5 yrs −10.39% (below 0%: weak)
EPS, next 5 yrs A +21.99% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 1.7×; over the ten years it ranged from 0.8× in 2023 to 7.5× in 2021.
P/S against its own 10 years 71.05%
10-year low 10-year high
P/B against its own 10 years 75.36%
10-year low 10-year high
EV/Sales against its own 10 years 61.93%
10-year low 10-year high
EV/FCF against its own 10 years 56.35%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 103 56 71 95
Receivables 31 36 52 85
Inventory 97 77 75 87
Other — — — —
239 178 219 277
2023 2024 2025 Q'26
Payables 17 13 19 —
ST’ Debt 21 3 3 2
Other — — — —
86 71 79 116

Compound Annual Growth %

10y 5y 3y
Sales — 6.24% (7.77%)
Cash Flow — 0.09% 25.22%
Earnings — (6.99%) 0.00%
Book Value — 7.58% 1.97%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.15 Actual 0.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.09 −0.03 Beat by 0.06
Q1 FY26 −0.05 −0.06 Miss by 0.01
Q2 FY26 0.17 0.12 Miss by 0.05
Q3 FY26 0.15 0.19 Beat by 0.04
Q4 FY26 −0.06 — Reports 2 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.07) 0.11 0.10 — —
’25 (0.05) 0.13 0.07 (0.06) 0.09
’24 (0.07) 0.11 0.05 (0.25) (0.15)
’23 (0.13) 0.05 0.05 0.00 (0.02)
’22 (0.02) 0.04 0.10 (0.17) (0.05)
’21 0.08 (0.49) (0.10) (0.05) (0.56)
’20 (0.14) 0.17 0.18 (0.05) 0.16
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 117 197 182 — —
’25 111 173 162 100 546
’24 111 160 150 87 509
’23 138 177 161 91 566
’22 192 207 189 108 696
’21 149 181 162 139 630
’20 51 113 128 112 403
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (48) 54 49 — —
’25 (47) 36 51 23 63
’24 (35) 52 37 6 61
’23 (14) 51 52 28 116
’22 (57) 42 20 27 32
’21 (41) 55 15 4 34
’20 (26) 37 45 8 63
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (58) 48 43 — —
’25 (50) 29 45 2 26
’24 (40) 48 33 0 41
’23 (24) 37 47 23 83
’22 (64) 32 8 16 (7)
’21 (46) 47 9 (1) 9
’20 (29) 33 42 2 47
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 318 403 630 696 566 509 546 597 +9.4% 608 645 682 +7.7%
Gross margin, % — — — 30.87 35.39 32.38 31.11 27.00 30.23 33.35 33.84 +2.5 pt
EBT — — — 3 23 (54) 14 (10) (9) 13 9 +30.1%
EBT margin, % — — — 0.88 5.64 (8.49) 1.97 (1.78) (1.72) 2.47 1.57 +1.6 pt
Net income — 0 — 7 16 (62) (6) (2) (18) 11 9 n/m
Per share, $
Per share, $ Revenue — — — 3.35 3.97 5.70 6.14 5.02 4.41 4.69 5.07 +5.8%
Earnings — — — 0.08 0.16 (0.56) (0.05) (0.02) (0.15) 0.10 0.08 +4.1%
Cash flow — — — 0.38 0.62 0.30 0.29 1.03 0.53 0.54 0.66 +6.4%
Capex — — — (0.07) (0.15) (0.23) (0.35) (0.29) (0.17) (0.32) (0.37) +28.2%
Free cash flow — — — 0.30 0.47 0.08 (0.06) 0.74 0.36 0.22 0.29 (4.9%)
Book value — — — 0.00 2.77 3.20 3.38 3.54 3.35 3.49 3.61 n/m
Shares, m — — — 95 102 111 113 113 115 116 117 +3.4%
Valuation, ×
Valuation, × P/E — — — 72.07 72.07 0.00 0.00 0.00 0.00 63.50 98.50 29.7
P/S — — — 5.93 5.93 4.39 0.56 0.50 1.58 1.35 1.55 2.9
P/B — — — 25.75 25.75 7.83 1.01 0.71 2.07 1.82 2.19 9.3
EV/Sales — — — 6.70 6.70 4.77 0.96 0.85 2.02 1.74 1.88 3.4
EV/FCF — — — 108.69 108.69 343.53 (90.81) 5.78 24.97 36.40 32.63 76.7
Cash, $m
Cash, $m Operating cash flow — — — 36 63 34 32 116 61 63 78 +10.1%
Capex — — — (7) (16) (25) (40) (33) (20) (37) (43) +32.6%
Free cash flow — — — 29 47 9 (7) 83 41 26 34 (1.7%)
Balance, $m
Balance, $m Working capital — — — 77 73 114 168 152 107 140 160 +10.3%
Net debt — — — 167 162 236 280 198 225 209 198 +3.8%
Shareholders’ equity — — — — 282 354 383 399 387 406 424 +7.6%
Returns, %
Returns, % ROA — — — 0.00 4.94 (8.65) (0.68) (0.28) (2.19) 1.38 1.07 +1.4 pt
ROIC — — — 9.43 5.62 (3.83) 2.83 1.69 1.87 3.11 3.15 (6.3) pt
ROE — — — 3.63 6.72 (19.63) (1.55) (0.61) (4.54) 2.81 2.23 (0.8) pt
People
People Employees — — — — — 2,388 2,198 1,760 1,817 1,804 — (6.8%)
Revenue/emp, $m — — — 0.00 0.00 0.26 0.32 0.32 0.28 0.30 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Latham Group, Inc. vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ARLO Arlo Technologies, Inc. $1.6B 64.5× 86.1× +6.91% (above 0%: growing) −85.71% (below 0%: shrinking) +35.08% (above 0%: growing) 46.50% 0.69% Compare
APOG Apogee Enterprises, Inc. $959.5M 14.4× 14.3× +9.20% (above 0%: growing) −1.82% (below 0%: shrinking) −53.59% (below 0%: shrinking) 24.59% 8.56% Compare
NX Quanex Building Products Corporation $958.7M 21.1× 17.5× +1.33% (above 0%: growing) n/m +3.58% (above 0%: growing) 28.19% 9.26% Compare
ROCK Gibraltar Industries, Inc. $940.7M — (loss-making) 15.7× +64.63% (above 0%: growing) −68.18% (below 0%: shrinking) −105.37% (below 0%: shrinking) 25.92% 11.74% Compare
SWIM Latham Group, Inc. $931.8M 98.5× 76.4× +12.52% (above 0%: growing) +42.86% (above 0%: growing) −5.62% (below 0%: shrinking) 36.68% 12.96%
NPKI NPK International Inc. $723.4M 17.3× 17.2× +10.81% (above 0%: growing) 0.00% −135.14% (below 0%: shrinking) 31.34% 12.01% Compare
JBI Janus International Group, Inc. $650.8M 19.8× 17.5× +2.37% (above 0%: growing) −46.67% (below 0%: shrinking) −51.57% (below 0%: shrinking) 34.39% 8.82% Compare
LMB Limbach Holdings, Inc. $639.3M 20.9× 14.9× +24.85% (above 0%: growing) +4.59% (above 0%: growing) +50.45% (above 0%: growing) 23.36% 6.54% Compare
PPIH Perma-Pipe International Holdings, Inc. $223.0M 14.2× 19.3× +24.35% (above 0%: growing) +181.82% (above 0%: growing) +216.09% (above 0%: growing) 29.22% 7.14% Compare
Median of peers $832.0M 19.8× 17.4× +10.01% −1.82% −24.00% 28.71% 8.69%

All 34 Building Products & Equipment stocks →

Pay and ownership Proxy statement filed 20 March 2026

Ownership

Directors and executive officers, together 3.32%
Pamplona Funds 44.33%
Wellington Management Group LLP 5.77%
Wynnchurch Funds 5.03%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Latham Group, Inc. (SWIM) Latest News

4 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby
Impact 3 · · GuruFocus.com

3 Nov

Impact 3 · · MarketBeat
Impact 3 · · GlobeNewswire

8 Oct

Impact 3 · · StockStory

7 Oct

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30 Sep

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13 Aug

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11 Aug

Impact 3 · · The Motley Fool transcript

5 Aug

Impact 4 · · Moby
Impact 4 ·

4 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

3 Aug

Impact 3 ·

2 Jun

Impact 3 · · Insider Monkey

23 May

Impact 3 · · StockStory

5 May

Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · StockStory

4 May

Impact 3 · · StockStory

18 Apr

Impact 4 · · Simply Wall St.

26 Mar

Impact 4 · · Insider Monkey

4 Mar

Impact 4 · · StockStory
Impact 4 · · Moby
Impact 4 · · GuruFocus.com
stockrow.com/SWIM · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com