Saturday 17 October 2026 Export SWIM’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 14.4%, EPS fell 21.4%, free cash flow grew 64.9% and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.

6.12 0.13 −2.08%

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Market cap: $735.3M
P/E: 122×
Fwd P/E: 46.4×
Dividend yield: —
F-score: 7/9
Altman Z: 1.94
Beneish M: −2.49
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.32

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	2	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 52.16%

Capital & Financial Ratios $m

Market Cap 735.29

Revenue 576.64

Net Income 5.33

Free Cash Flow 37.02

Net Debt 236.33

Current Ratio 2.16

Debt/Equity 0.68

P/E ratio 122.40

Fwd P/E 46.40

P/S ratio 1.25

P/B ratio 1.75

Past 5Y EPS Growth (10.39%)

This Y EPS Growth 7.24%

Next Y EPS Growth 51.46%

Next Y revenue growth 11.35%

Next 5Y EPS Growth 23.42%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 45.86%

10-year low 10-year high

P/B against its own 10 years 46.59%

10-year low 10-year high

EV/Sales against its own 10 years 44.34%

10-year low 10-year high

EV/FCF against its own 10 years 45.79%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	103	56	71	43
Receivables	31	36	52	105
Inventory	97	77	75	80
Other	—	—	—	—
	239	178	219	241

	2023	2024	2025	Q'26
Payables	17	13	19	38
ST’ Debt	21	3	3	3
Other	—	—	—	—
	86	71	79	112

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	117	197	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.07)	0.11	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	12.69	2.75	2.04	2.11	4.56	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	34.73	26.06	4.77	8.41	8.46
People
People	Employees	—	—	—	—	—	2,388	2,198	1,760	1,817	1,804
	Revenue/emp, $m	—	—	—	0.00	0.00	0.26	0.32	0.32	0.28	0.30
Income, $m
Income, $m	Revenue	—	—	—	318	403	630	696	566	509	546
	Gross margin, %	—	—	—	30.87	35.39	32.38	31.11	27.00	30.23	33.35
	EBT	—	—	—	3	23	(54)	14	(10)	(9)	13
	EBT margin, %	—	—	—	0.88	5.64	(8.49)	1.97	(1.78)	(1.72)	2.47
	Net income	—	0	—	7	16	(62)	(6)	(2)	(18)	11
	Depreciation	—	—	—	25	28	39	40	42	46	53
Per share, $
Per share, $	Revenue	—	—	—	3.35	3.97	5.70	6.14	5.02	4.41	4.69
	Earnings	—	—	—	0.08	0.16	(0.56)	(0.05)	(0.02)	(0.15)	0.10
	Cash flow	—	—	—	0.38	0.62	0.30	0.29	1.03	0.53	0.54
	Capex	—	—	—	(0.07)	(0.15)	(0.23)	(0.35)	(0.29)	(0.17)	(0.32)
	Free cash flow	—	—	—	0.30	0.47	0.08	(0.06)	0.74	0.36	0.22
	Book value	—	—	—	0.00	2.77	3.20	3.38	3.54	3.35	3.49
	Shares, m	—	—	—	95	102	111	113	113	115	116
Valuation, ×
Valuation, ×	P/E	—	—	—	72.07	72.07	0.00	0.00	0.00	0.00	63.50
	P/S	—	—	—	5.93	5.93	4.39	0.56	0.50	1.58	1.35
	P/B	—	—	—	25.75	25.75	7.83	1.01	0.71	2.07	1.82
	EV/Sales	—	—	—	6.70	6.70	4.77	0.96	0.85	2.02	1.74
	EV/FCF	—	—	—	108.69	108.69	343.53	(90.81)	5.78	24.97	36.40
Cash, $m
Cash, $m	Operating cash flow	—	—	—	36	63	34	32	116	61	63
	Capex	—	—	—	(7)	(16)	(25)	(40)	(33)	(20)	(37)
	Free cash flow	—	—	—	29	47	9	(7)	83	41	26
Balance, $m
Balance, $m	Working capital	—	—	—	77	73	114	168	152	107	140
	Total debt	—	—	—	223	221	280	313	301	282	280
	Net debt	—	—	—	167	162	236	280	198	225	209
	Shareholders’ equity	—	—	—	—	282	354	383	399	387	406
Returns, %
Returns, %	ROA	—	—	—	0.00	4.94	(8.65)	(0.68)	(0.28)	(2.19)	1.38
	ROIC	—	—	—	9.43	5.62	(3.83)	2.83	1.69	1.87	3.11
	ROE	—	—	—	3.63	6.72	(19.63)	(1.55)	(0.61)	(4.54)	2.81

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$1.3B	41.9×	46.1×	+20.50% (above 0%: growing)	0.00%	+45.21% (above 0%: growing)	48.23%	1.57%	Compare
ROCK Gibraltar Industries, Inc.	$1.2B	— (loss-making)	14.4×	+64.63% (above 0%: growing)	−68.18% (below 0%: shrinking)	−105.37% (below 0%: shrinking)	25.92%	11.74%	Compare
NPKI NPK International Inc.	$906.0M	21.6×	26.9×	+19.57% (above 0%: growing)	+40.00% (above 0%: growing)	−47.36% (below 0%: shrinking)	36.97%	19.72%	Compare
NX Quanex Building Products Corporation	$885.4M	19.1×	15.3×	+1.33% (above 0%: growing)	n/m	+3.58% (above 0%: growing)	28.19%	9.26%	Compare
APOG Apogee Enterprises, Inc.	$862.2M	12.9×	13.2×	+9.20% (above 0%: growing)	−1.82% (below 0%: shrinking)	−53.64% (below 0%: shrinking)	24.59%	8.56%	Compare
SWIM Latham Group, Inc.	$735.3M	122×	46.4×	+14.39% (above 0%: growing)	−21.43% (below 0%: shrinking)	+64.86% (above 0%: growing)	35.49%	12.71%
JBI Janus International Group, Inc.	$575.8M	17.3×	16.7×	+2.37% (above 0%: growing)	−46.67% (below 0%: shrinking)	−51.57% (below 0%: shrinking)	34.39%	8.82%	Compare
LMB Limbach Holdings, Inc.	$570.0M	18.8×	20.2×	+21.95% (above 0%: growing)	−40.30% (below 0%: shrinking)	+931.20% (above 0%: growing)	21.50%	4.18%	Compare
ASPN Aspen Aerogels, Inc.	$448.1M	— (loss-making)	— (loss-making)	−36.11% (below 0%: shrinking)	n/m	−7.06% (below 0%: shrinking)	6.55%	(57.74%)	Compare
Median of peers	$873.8M	18.9×	16.7×	+14.39%	−21.06%	−27.21%	27.05%	8.69%

All 35 Building Products & Equipment stocks →

Latham Group, Inc. (SWIM) key facts

Strength: Latham Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $545.9 million, up 7.35% from fiscal 2024.
Latham Group, Inc. (SWIM) is a Building Products & Equipment company in the Industrials sector, listed on Nasdaq.
Net income was $11.1 million, or $0.10 per share (basic), a net margin of 2.04%.
As of October 16, 2026, SWIM traded at $6.12, a market capitalization of $735.3 million.
At that price the stock trades at 122× trailing-twelve-month earnings and 1.2× sales.
Return on equity was 2.81% and debt-to-equity 0.68.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.94 (grey zone) for fiscal 2025.