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May 5, 2026·SEC
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Latham Group, Inc.(SWIM)Earnings, Financials & Key Ratios
SWIM•NASDAQ
$6.49
69.9× P/E·Price updated Jul 7, 2026
AboutLatham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was incorporated in 2018 and is headquartered in Latham, New York.Show more
- Revenue$546M+7.4%
- EBITDA$83M+32.7%
- Net Income$11M+162.3%
- EPS (Diluted)0.09+161.9%
- Gross Margin28.05%-7.2%
- EBITDA Margin15.25%+23.6%
- Operating Margin5.84%+62.5%
- Net Margin2.04%+158.0%
- ROE2.81%+161.8%
SWIM Price & Volume
Latham Group, Inc. (SWIM) stock price & volume — 10-year historical chart
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Seasonal Volatility Masks Structural Deleveraging Progress
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical demand and leverage
Key Thesis Takeaways
- Latham Group faces a challenging path to consistent profitability, as evidenced by a persistent retained earnings deficit of $72.2 million and high sensitivity to seasonal demand cycles.
- While the company has successfully reduced its total debt to $33.7 million from $333.1 million in 2023Q4, its reliance on capital-intensive fiberglass manufacturing remains a risk factor.
- Investors should monitor whether the company can achieve sustainable operating leverage, given that operating margins swung from 14.3% in 2025Q2 to -5.6% in 2026Q1.
Verdict Logic
while the balance sheet is significantly de-risked with a debt-to-equity ratio of 0.08, the company's inability to maintain consistent profitability, highlighted by a -7.3% net margin in 2026Q1, warrants a cautious wait-and-see approach.
SWIM Growth Metrics
Latham Group, Inc. (SWIM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years6.24%
3 Years-7.77%
TTM8.34%
Profit CAGR
10 Years-
5 Years-6.99%
3 Years-
TTM153.59%
EPS CAGR
10 Years-
5 Years-6.52%
3 Years-
TTM149.71%
Return on Capital
10 Years2.89%
5 Years1.43%
3 Years2.98%
Last Year4.35%
SWIM Recent Earnings
Latham Group, Inc. (SWIM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.06-20.0%
$0.05
Rev
$117M-0.9%
$118M
Q2 2026
Mar 3, 2026Metric
Actual
Est
EPS
$0.03+66.7%
$0.09
Rev
$100M+4.3%
$96M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.08-20.0%
$0.10
Rev
$162M+68.9%
$96M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.14+7.7%
$0.13
Rev
$173M+3.9%
$166M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.06vs $0.05-20.0% | $117Mvs $118M-0.9% |
| Q2 2026 | Mar 3, 2026 | $0.03vs $0.09+66.7% | $100Mvs $96M+4.3% |
| Q4 2025 | Nov 4, 2025 | $0.08vs $0.10-20.0% | $162Mvs $96M+68.9% |
| Q3 2025 | Aug 5, 2025 | $0.14vs $0.13+7.7% | $173Mvs $166M+3.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Latham Group, Inc. (SWIM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.49 | $759.06M | 69.94 | 7.35% | 2.04% | 2.81% | — | |
| $16.44 | $3.57B | 24.18 | 6.71% | 13.98% | 10.32% | — | |
| $0.53 | $10.84M | -0.80 | 52.05% | -2589.65% | -206.02% | — | |
| $87.73 | $2.92B | 22.49 | 6.33% | 3.46% | 11.64% | — | |
| $47.11 | $4.89B | 26.47 | 1.98% | 16.25% | 18.85% | — | |
| $79.34 | $16.01B | 20.55 | -3.4% | 10.9% | 799.05% | — |
Compare SWIM vs Peers
Latham Group, Inc. (SWIM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SWIM SEC Filings & Documents
Latham Group, Inc. (SWIM) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SWIM Frequently Asked Questions
Latham Group, Inc. (SWIM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Latham Group, Inc.'s revenue?
Latham Group, Inc. (SWIM) reported $551.8M in revenue for fiscal year 2025. This represents a 74% increase from $318.0M in 2019.
How fast is Latham Group, Inc. growing?
Latham Group, Inc. (SWIM) grew revenue by 7.4% over the past year. This is steady growth.
Is SWIM profitable?
Yes, Latham Group, Inc. (SWIM) is profitable, generating $8.6M in net income for fiscal year 2025 (2.0% net margin).
Dividend & Returns
What is SWIM's return on equity?
Latham Group, Inc. (SWIM) has a return on equity (ROE) of 2.8%. This is below average, suggesting room for improvement.
What is Latham Group, Inc.'s free cash flow?
Latham Group, Inc. (SWIM) generated $18.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.