Arlo Technologies, Inc. (ARLO) vs Latham Group, Inc. (SWIM)

Arlo Technologies, Inc. and Latham Group, Inc. are both Building Products & Equipment companies. Arlo Technologies, Inc. is the larger, with a market value of $1.4B against $732.9M — 1.9× the size. Arlo Technologies, Inc. trades at the lower P/E: 44.3× against 125×. Arlo Technologies, Inc. grew revenue faster over the last twelve months: 15.7% against 10.5%. Arlo Technologies, Inc. has the higher net margin (5.20% vs 0.92%) and the higher return on invested capital (63.0% vs 2.82%). Across the 22 metrics below, Arlo Technologies, Inc. leads on 13 and Latham Group, Inc. on 9.

Valuation

Metric ARLO SWIM Building Products & Equipment median
P/E 44.28 125.00 24.54
P/S 2.36 1.27 2.00
P/B 8.76 1.78 3.02
Price to free cash flow 20.76 19.83 18.49
EV/EBITDA 60.17 11.56 12.63
EV/Sales 2.15 1.68 2.14
Earnings yield 2.26% 0.80% 2.74%
Free cash flow yield 4.82% 5.04% 3.58%

Profitability

Metric ARLO SWIM Building Products & Equipment median
Gross margin 45.97% 33.38% 29.19%
Operating margin 2.66% 5.08% 6.84%
Net margin 5.20% 0.92% 4.05%
Free cash flow margin 11.39% 6.42% 8.72%
Return on equity 22.07% 1.32% 9.28%
Return on assets 8.80% 0.63% 2.88%
Return on invested capital 63.02% 2.82% 5.16%

Growth

Metric ARLO SWIM Building Products & Equipment median
Revenue growth (TTM) 15.65% 10.50% 3.11%
EPS growth (last fiscal year) 145.16% 160.00% —
Revenue growth, 5-year CAGR 8.19% 6.24% 5.37%
Net income growth, 5-year CAGR 0.00% (6.99%) 0.00%

Health

Metric ARLO SWIM Building Products & Equipment median
Debt to equity 0.00 0.68 0.43
Current ratio 1.40 2.16 1.82
Net debt to EBITDA (22.67) 2.50 0.98

Dividend

Metric ARLO SWIM Building Products & Equipment median
Dividend yield — — 1.20%
Payout ratio 0.00 0.00 0.04

Size

Metric ARLO SWIM Building Products & Equipment median
Market cap 1.40b 732.94m 1.18b

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