Gibraltar Industries, Inc. (ROCK) vs Latham Group, Inc. (SWIM)

Gibraltar Industries, Inc. and Latham Group, Inc. are both Building Products & Equipment companies. Gibraltar Industries, Inc. and Latham Group, Inc. are of similar size ($940.7M and $931.8M). Gibraltar Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Latham Group, Inc. trades at 98.5×. Gibraltar Industries, Inc. grew revenue faster over the last twelve months: 42.7% against 11.9%. Latham Group, Inc. has the higher net margin (1.55% vs −10.4%) and the lower return on invested capital (3.15% vs 3.28%). Across the 21 metrics below, Latham Group, Inc. leads on 11 and Gibraltar Industries, Inc. on 10.

Valuation

Metric ROCK SWIM Building Products & Equipment median
P/E n/m 98.50 23.33
P/S 0.65 1.55 2.09
P/B 1.05 2.19 2.85
Price to free cash flow 21.91 26.90 18.42
EV/EBITDA 13.41 12.99 13.29
EV/Sales 1.48 1.88 2.28
Earnings yield (16.08%) 1.02% 3.04%
Free cash flow yield 4.56% 3.72% 4.26%

Profitability

Metric ROCK SWIM Building Products & Equipment median
Gross margin 24.80% 33.84% 31.88%
Operating margin 7.61% 5.26% 7.18%
Net margin (10.43%) 1.55% 4.11%
Free cash flow margin 2.95% 5.78% 6.41%
Return on equity (15.61%) 2.23% 5.95%
Return on assets (7.06%) 1.07% 3.90%
Return on invested capital 3.28% 3.15% 5.54%

Growth

Metric ROCK SWIM Building Products & Equipment median
Revenue growth (TTM) 42.68% 11.94% 6.27%
EPS growth (last fiscal year) (133.18%) 160.00% (28.29%)
Revenue growth, 5-year CAGR 1.92% 6.24% 4.81%
Net income growth, 5-year CAGR 0.00% (6.99%) 0.00%

Health

Metric ROCK SWIM Building Products & Equipment median
Debt to equity 1.37 0.69 0.55
Current ratio 1.46 2.38 1.83
Net debt to EBITDA (0.76) 2.50 1.45

Dividend

Metric ROCK SWIM Building Products & Equipment median
Dividend yield — — 1.37%
Payout ratio — — 0.28

Size

Metric ROCK SWIM Building Products & Equipment median
Market cap 940.68m 931.76m 3.22b

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