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. is the larger, with a market value of $1.2B against $732.9M — 1.6× the size. Gibraltar Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Latham Group, Inc. trades at 125×. Gibraltar Industries, Inc. grew revenue faster over the last twelve months: 42.7% against 10.5%. Latham Group, Inc. has the higher net margin (0.92% vs −10.4%) and the lower return on invested capital (2.82% vs 3.28%). Across the 21 metrics below, Latham Group, Inc. leads on 13 and Gibraltar Industries, Inc. on 8.

Valuation

Metric ROCK SWIM Building Products & Equipment median
P/E n/m 125.00 24.54
P/S 0.84 1.27 2.00
P/B 1.36 1.78 3.02
Price to free cash flow 28.29 19.83 18.49
EV/EBITDA 15.18 11.56 12.63
EV/Sales 1.67 1.68 2.14
Earnings yield (12.45%) 0.80% 2.74%
Free cash flow yield 3.53% 5.04% 3.58%

Profitability

Metric ROCK SWIM Building Products & Equipment median
Gross margin 24.80% 33.38% 29.19%
Operating margin 7.61% 5.08% 6.84%
Net margin (10.43%) 0.92% 4.05%
Free cash flow margin 2.95% 6.42% 8.72%
Return on equity (15.61%) 1.32% 9.28%
Return on assets (7.06%) 0.63% 2.88%
Return on invested capital 3.28% 2.82% 5.16%

Growth

Metric ROCK SWIM Building Products & Equipment median
Revenue growth (TTM) 42.68% 10.50% 3.11%
EPS growth (last fiscal year) (133.18%) 160.00% —
Revenue growth, 5-year CAGR 1.92% 6.24% 5.37%
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 0.68 0.43
Current ratio 1.46 2.16 1.82
Net debt to EBITDA (0.76) 2.50 0.98

Dividend

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

Size

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

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