Latham Group, Inc. (SWIM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 117.31M | 99.95M | 161.9M | 172.64M | 111.42M | 87.27M | 150.5M | 160.12M | 110.63M | 90.87M | 160.78M | 177.13M | 137.72M | 107.92M | 189.4M | 206.8M | 191.61M | 138.86M | 161.96M | 180.89M |
| Revenue Growth % | 5.29% | 14.53% | 7.58% | 7.82% | 0.71% | -3.96% | -6.4% | -9.6% | -19.67% | -15.8% | -15.11% | -14.35% | -28.13% | -22.28% | 16.94% | 14.32% | 28.82% | 24.07% | - | - |
| Cost of Goods Sold | 80.16M | 100.96M | 104.6M | 108.68M | 78.54M | 65.83M | 101.81M | 107.1M | 80.04M | 69.67M | 112.63M | 126.89M | 104.35M | 88.59M | 130.52M | 139.19M | 120.96M | 96.49M | 110.97M | 122.53M |
| COGS % of Revenue | 68.33% | 101.01% | 64.6% | 62.95% | 70.49% | 75.43% | 67.65% | 66.89% | 72.35% | 76.67% | 70.06% | 71.64% | 75.77% | 82.09% | 68.91% | 67.31% | 63.13% | 69.48% | 68.52% | 67.74% |
| Gross Profit | 37.16M | -1.01M | 57.31M | 63.96M | 32.88M | 21.45M | 48.69M | 53.02M | 30.59M | 21.2M | 48.15M | 50.23M | 33.37M | 19.33M | 58.88M | 67.61M | 70.65M | 42.38M | 50.99M | 58.35M |
| Gross Margin % | 31.67% | -1.01% | 35.4% | 37.05% | 29.51% | 24.57% | 32.35% | 33.11% | 27.65% | 23.33% | 29.95% | 28.36% | 24.23% | 17.91% | 31.09% | 32.69% | 36.87% | 30.52% | 31.48% | 32.26% |
| Gross Profit Growth % | 13% | -104.7% | 17.7% | 20.63% | 7.49% | 1.17% | 1.13% | 5.55% | -8.33% | 9.65% | -18.23% | -25.7% | -52.77% | -54.38% | 15.46% | 15.85% | 34.73% | 11.5% | - | - |
| Operating Expenses | 36.59M | 8.41M | 35.8M | 39.24M | 37.81M | 34.47M | 35.32M | 33.02M | 32.66M | 30.22M | 30.07M | 36.84M | 39.69M | 39.74M | 33.91M | 48.96M | 63.85M | 53.25M | 53.56M | 100.77M |
| OpEx % of Revenue | 31.19% | 8.41% | 22.11% | 22.73% | 33.94% | 39.5% | 23.47% | 20.62% | 29.52% | 33.25% | 18.7% | 20.8% | 28.82% | 36.82% | 17.9% | 23.67% | 33.32% | 38.35% | 33.07% | 55.71% |
| Selling, General & Admin | 36.59M | 31.42M | 28.59M | 31.94M | 30.62M | 27.19M | 28.34M | 26.59M | 26.25M | 23.6M | 23.43M | 30.21M | 33.06M | 33.06M | 26.75M | 41.8M | 45.23M | 47.24M | 48.07M | 95.29M |
| SG&A % of Revenue | 31.19% | 31.43% | 17.66% | 18.5% | 27.48% | 31.16% | 18.83% | 16.6% | 23.73% | 25.97% | 14.57% | 17.05% | 24% | 30.64% | 14.12% | 20.21% | 23.6% | 34.02% | 29.68% | 52.68% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -6.6M | -9.41M | 21.51M | 24.72M | -4.93M | -13.03M | 13.37M | 20.01M | -2.07M | -9.02M | 18.08M | 13.39M | -6.32M | -20.41M | 24.97M | 18.65M | 6.8M | -10.87M | -2.57M | -42.41M |
| Operating Margin % | -5.63% | -9.42% | 13.28% | 14.32% | -4.43% | -14.93% | 8.88% | 12.49% | -1.87% | -9.93% | 11.24% | 7.56% | -4.59% | -18.91% | 13.18% | 9.02% | 3.55% | -7.83% | -1.58% | -23.45% |
| Operating Income Growth % | -33.87% | 27.73% | 60.86% | 23.58% | -137.87% | -44.41% | -26.04% | 49.42% | 67.19% | 55.8% | -27.6% | -28.2% | -192.93% | -87.69% | 1073.19% | 143.97% | -65.43% | -501.11% | - | - |
| EBITDA | -6.6M | 3.96M | 34.39M | 37.42M | 7.47M | -871K | 24.7M | 30.6M | 8.3M | 1.95M | 28.58M | 23.41M | 2.94M | -11.07M | 40.13M | 28.43M | 16.29M | -2.33M | 5.45M | -34.64M |
| EBITDA Margin % | -5.63% | 3.96% | 21.24% | 21.68% | 6.7% | -1% | 16.41% | 19.11% | 7.5% | 2.14% | 17.78% | 13.22% | 2.13% | -10.26% | 21.19% | 13.75% | 8.5% | -1.68% | 3.37% | -19.15% |
| EBITDA Growth % | -188.38% | 554.76% | 39.25% | 22.29% | -10.02% | -144.74% | -13.59% | 30.68% | 182.44% | 117.59% | -28.78% | -17.63% | -81.96% | -374.41% | 635.89% | 182.06% | -40.91% | -138.28% | - | - |
| D&A (Non-Cash Add-back) | 0 | 13.38M | 12.88M | 12.7M | 12.4M | 12.15M | 11.32M | 10.59M | 10.37M | 10.97M | 10.5M | 10.03M | 9.26M | 9.34M | 15.16M | 9.78M | 9.49M | 8.54M | 8.02M | 7.77M |
| EBIT | 0 | -9.86M | 21.65M | 28.26M | -3.67M | -16.29M | 15.01M | 19.73M | -2.35M | -6.56M | 18.82M | 15.09M | -6.49M | -18.46M | 25.25M | 18.45M | 18.24M | -9.49M | 782K | -40.86M |
| Net Interest Income | 0 | -6.22M | -6.07M | -7.15M | -6.37M | -4.69M | -9.15M | -6.01M | -4.98M | -9.65M | -5.98M | -4.49M | -10.8M | -6.56M | -4.26M | -3.16M | -1.76M | -3.59M | -4.27M | -7.52M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4.76M | 6.22M | 6.07M | 7.15M | 6.37M | 4.69M | 9.15M | 6.01M | 4.98M | 9.65M | 5.98M | 4.49M | 10.8M | 6.56M | 4.26M | 3.16M | 1.76M | 3.59M | 4.27M | 7.52M |
| Other Income/Expense | -4.74M | -3.75M | -5.92M | -3.61M | -5.11M | -7.96M | -7.52M | -6.29M | -5.26M | -7.18M | -5.24M | -2.79M | -10.98M | -4.61M | -3.99M | -3.36M | -4.33M | -2.2M | -923K | -5.97M |
| Pretax Income | -11.34M | -13.16M | 15.58M | 21.11M | -10.04M | -20.98M | 5.85M | 13.72M | -7.33M | -16.2M | 12.84M | 10.6M | -17.3M | -25.02M | 20.98M | 15.29M | 2.47M | -13.08M | -3.49M | -48.38M |
| Pretax Margin % | -9.67% | -13.17% | 9.62% | 12.23% | -9.01% | -24.04% | 3.89% | 8.57% | -6.63% | -17.83% | 7.99% | 5.98% | -12.56% | -23.18% | 11.08% | 7.39% | 1.29% | -9.42% | -2.15% | -26.75% |
| Income Tax | -2.81M | -6.15M | 7.47M | 5.13M | -4.08M | 8.19M | -43K | 442K | 532K | -16.31M | 6.69M | 4.88M | -2.93M | -5.98M | 9.11M | 10.98M | 5.31M | -7.09M | 7.81M | 5.22M |
| Effective Tax Rate % | 24.74% | 46.74% | 47.91% | 24.3% | 40.62% | -39.03% | -0.73% | 3.22% | -7.26% | 100.69% | 52.08% | 46.08% | 16.93% | 23.92% | 43.41% | 71.85% | 215.12% | 54.22% | -223.76% | -10.79% |
| Net Income | -8.53M | -7.01M | 8.12M | 15.98M | -5.96M | -29.17M | 5.9M | 13.28M | -7.86M | 112K | 6.15M | 5.71M | -14.37M | -19.03M | 11.88M | 4.3M | -2.84M | -5.99M | -11.3M | -53.6M |
| Net Margin % | -7.27% | -7.01% | 5.01% | 9.26% | -5.35% | -33.42% | 3.92% | 8.29% | -7.11% | 0.12% | 3.83% | 3.23% | -10.43% | -17.64% | 6.27% | 2.08% | -1.48% | -4.31% | -6.97% | -29.63% |
| Net Income Growth % | -43.14% | 75.97% | 37.67% | 20.34% | 24.19% | -26144.64% | -4.18% | 132.35% | 45.27% | 100.59% | -48.19% | 32.81% | -405.92% | -217.91% | 205.13% | 108.03% | -133.28% | -120.11% | - | - |
| Net Income (Continuing) | -8.53M | -7.01M | 8.12M | 15.98M | -5.96M | -29.17M | 5.9M | 13.28M | -7.86M | 112K | 6.15M | 5.71M | -14.37M | -19.03M | 11.88M | 4.3M | -2.84M | -5.99M | -11.3M | -53.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.07 | -0.06 | 0.07 | 0.13 | -0.05 | -0.25 | 0.05 | 0.11 | -0.07 | 0.00 | 0.05 | 0.05 | -0.13 | -0.17 | 0.10 | 0.04 | -0.03 | -0.05 | -0.10 | -0.49 |
| EPS Growth % | -40% | 76% | 39.2% | 18.18% | 28.57% | - | 0% | 120% | 46.15% | 100.59% | -50% | 25% | -420% | -240% | 200% | 108.16% | -135.26% | 88.89% | - | - |
| EPS (Basic) | -0.07 | -0.06 | 0.07 | 0.14 | -0.05 | -0.25 | 0.05 | 0.12 | -0.07 | 0.00 | 0.05 | 0.05 | -0.13 | -0.17 | 0.10 | 0.04 | -0.03 | -0.05 | -0.10 | -0.49 |
| Diluted Shares Outstanding | 116.89M | 116.71M | 119.91M | 119.39M | 115.89M | 115.44M | 118.45M | 117.02M | 115.04M | 114.82M | 114.66M | 112.69M | 112.1M | 112.41M | 113.2M | 115.38M | 113.7M | 112.24M | 112.15M | 109.16M |
| Basic Shares Outstanding | 116.89M | 116.71M | 116.6M | 116.47M | 115.89M | 115.44M | 115.56M | 115.47M | 115.04M | 113.64M | 113.54M | 112.25M | 112.1M | 112.41M | 113.17M | 113.69M | 113.7M | 112.24M | 112.15M | 109.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |