SWIM · Latham Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.31M | - | $161.90M | $172.64M | $111.42M | - | $150.50M | $160.12M | $110.63M | - |
| Cost of Revenue | $80.16M | - | $104.60M | $108.68M | $78.54M | - | $101.81M | $107.10M | $80.04M | - |
| Gross Profit | $37.16M | - | $57.31M | $63.96M | $32.88M | - | $48.69M | $53.02M | $30.59M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $36.59M | - | $28.59M | $31.94M | $30.62M | - | $28.34M | $26.59M | $26.25M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $13.07M | - | - | - | $12.40M | - | - | - | $10.37M | - |
| Operating Income | ($6.60M) | - | $21.51M | $24.72M | ($4.93M) | - | $13.37M | $20.01M | ($2.07M) | - |
| Interest Expense | $4.76M | - | $6.07M | $7.15M | $4.98M | - | $5.98M | $4.49M | $4.98M | - |
| Income Tax | ($2.81M) | - | $7.47M | $5.13M | ($4.08M) | - | ($43.0K) | $442.0K | $532.0K | - |
| Net Income | ($8.53M) | - | $8.12M | $15.98M | ($5.96M) | - | $5.90M | $13.28M | ($7.86M) | - |
| EPS - Basic | ($0.07) | - | $0.07 | $0.14 | ($0.05) | - | $0.05 | $0.12 | ($0.07) | - |
| EPS - Diluted | ($0.07) | - | $0.07 | $0.13 | ($0.05) | - | $0.05 | $0.11 | ($0.07) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.48M | $71.04M | $70.52M | $26.94M | $23.97M | $56.40M | $59.86M | $90.77M | $43.81M | $102.76M |
| Accounts Receivable | $89.21M | $39.91M | $81.11M | $88.55M | $83.76M | $32.30M | $66.13M | $65.87M | $73.94M | $30.41M |
| Inventory | $87.61M | $74.93M | $70.32M | $78.65M | $86.86M | $77.10M | $74.94M | $83.67M | $95.15M | $97.14M |
| Accounts Payable | $29.87M | $19.28M | - | - | $13.14M | - | - | - | - | - |
| Current Assets | $229.87M | $219.00M | $240.91M | $214.37M | $211.54M | $178.30M | $217.84M | $251.38M | $221.31M | $238.62M |
| Total Assets | $856.40M | $823.22M | $844.42M | $822.14M | $824.59M | $794.21M | $853.41M | $830.03M | $808.61M | $835.00M |
| Current Liabilities | $122.27M | $79.14M | $99.22M | $89.87M | $83.03M | $70.98M | $89.38M | $78.14M | $70.88M | $86.21M |
| Long-term Debt | $276.98M | $276.59M | $277.82M | $278.24M | $303.66M | $278.27M | $279.50M | $279.11M | $279.53M | $279.95M |
| Total Liabilities | $459.70M | $417.36M | $436.06M | $423.71M | $443.44M | $406.99M | $436.76M | $421.89M | $416.84M | $435.80M |
| Stockholders' Equity | $396.70M | $405.86M | $408.36M | $398.43M | $381.14M | $387.22M | $416.65M | $408.13M | $391.77M | $399.20M |
| Retained Earnings | ($72.23M) | ($63.69M) | ($56.68M) | ($64.80M) | ($80.78M) | ($74.82M) | ($45.65M) | ($51.54M) | ($64.82M) | ($56.96M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($47.72M) | - | - | - | ($46.88M) | - | - | - | ($34.51M) | - |
| Investing Cash Flow | ($24.90M) | - | - | - | ($8.39M) | - | - | - | ($5.34M) | - |
| Financing Cash Flow | $28.40M | - | - | - | $22.49M | - | - | - | ($19.00M) | - |
| CapEx | $10.50M | - | - | - | $3.45M | - | - | - | $5.34M | - |
| Free Cash Flow | ($58.22M) | - | - | - | ($50.33M) | - | - | - | ($39.86M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 31.7% | - | 35.4% | 37.1% | 29.5% | - | 32.4% | 33.1% | 27.7% | - |
| Operating margin | -5.6% | - | 13.3% | 14.3% | -4.4% | - | 8.9% | 12.5% | -1.9% | - |
| EBITDA margin | 5.5% | - | - | - | 6.7% | - | - | - | 7.5% | - |
| Net margin | -7.3% | - | 5.0% | 9.3% | -5.4% | - | 3.9% | 8.3% | -7.1% | - |
| Free cash flow margin | -49.6% | - | - | - | -45.2% | - | - | - | -36.0% | - |
| FCF / Net income | 6.82 | - | - | - | 8.44 | - | - | - | 5.07 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 31.2% | - | 17.7% | 18.5% | 27.5% | - | 18.8% | 16.6% | 23.7% | - |
| Effective tax rate | - | - | 47.9% | 24.3% | - | - | -0.7% | 3.2% | - | - |
| Return on assets | -1.0% | - | 1.0% | 1.9% | -0.7% | - | 0.7% | 1.6% | -1.0% | - |
| Return on equity | -2.2% | - | 2.0% | 4.0% | -1.6% | - | 1.4% | 3.3% | -2.0% | - |
| Return on invested capital | -0.8% | - | 1.6% | 2.8% | -0.6% | - | 1.9% | 2.8% | -0.2% | - |
| Liquidity | ||||||||||
| Current ratio | 1.88 | 2.77 | 2.43 | 2.39 | 2.55 | 2.51 | 2.44 | 3.22 | 3.12 | 2.77 |
| Quick ratio | 1.16 | 1.82 | 1.72 | 1.51 | 1.50 | 1.43 | 1.60 | 2.15 | 1.78 | 1.64 |
| Cash ratio | 0.22 | 0.90 | 0.71 | 0.30 | 0.29 | 0.79 | 0.67 | 1.16 | 0.62 | 1.19 |
| Leverage | ||||||||||
| Debt / Equity | 0.70 | 0.68 | 0.68 | 0.70 | 0.80 | 0.72 | 0.67 | 0.68 | 0.71 | 0.70 |
| Debt / Assets | 0.32 | 0.34 | 0.33 | 0.34 | 0.37 | 0.35 | 0.33 | 0.34 | 0.35 | 0.34 |
| Debt / EBITDA | 42.84 | - | - | - | 40.66 | - | - | - | 33.67 | - |
| Interest coverage | -1.4x | - | 3.5x | 3.5x | -1.0x | - | 2.2x | 4.5x | -0.4x | - |
| Equity multiplier | 2.16 | 2.03 | 2.07 | 2.06 | 2.16 | 2.05 | 2.05 | 2.03 | 2.06 | 2.09 |
| Liabilities / Assets | 0.54 | 0.51 | 0.52 | 0.52 | 0.54 | 0.51 | 0.51 | 0.51 | 0.52 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.19 | 0.21 | 0.14 | - | 0.18 | 0.19 | 0.14 | - |
| Inventory turnover | 0.91 | - | 1.49 | 1.38 | 0.90 | - | 1.36 | 1.28 | 0.84 | - |
| Days sales outstanding | 278d | - | 183d | 187d | 274d | - | 160d | 150d | 244d | - |
| Days inventory outstanding | 399d | - | 245d | 264d | 404d | - | 269d | 285d | 434d | - |
| Days payable outstanding | 136d | - | - | - | 61d | - | - | - | - | - |
| Cash conversion cycle | 540d | - | - | - | 617d | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 107.4x | 50.6x | - | - | 134.8x | 27.5x | - | - |
| P / B | 1.6x | - | 2.2x | 2.0x | 2.0x | - | 1.9x | 0.9x | 1.2x | - |
| P / S | 5.3x | - | 5.6x | 4.6x | 6.7x | - | 5.3x | 2.2x | 4.1x | - |
| EV / EBITDA | 134.2x | - | - | - | 137.2x | - | - | - | 83.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.3% | - | 7.6% | 7.8% | 0.7% | - | -6.4% | -9.6% | -19.7% | - |
| Revenue CAGR (3y) | -5.2% | - | -5.1% | -5.8% | -16.5% | - | -2.4% | 12.4% | -9.4% | - |
| Revenue CAGR (5y) | -4.6% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 13.0% | - | 17.7% | 20.6% | 7.5% | - | 1.1% | 5.6% | -8.3% | - |
| Operating income growth (YoY) | -33.9% | - | 60.9% | 23.6% | -137.9% | - | -26.0% | 49.4% | 67.2% | - |
| Net income growth (YoY) | -43.1% | - | 37.7% | 20.3% | 24.2% | - | -4.2% | 132.4% | 45.3% | - |
| EPS growth (YoY) | -40.0% | - | 40.0% | 18.2% | 28.6% | - | 0.0% | 120.0% | 46.2% | - |
| EPS CAGR (3y) | - | - | -11.2% | 48.1% | - | - | -34.8% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -15.7% | - | - | - | -26.3% | - | - | - | -63.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.1% | 4.8% | -2.0% | -2.4% | -2.7% | -3.0% | 6.1% | 5.7% | 4.5% | 4.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$545.91M totalSingle Reportable Segment$545.91M · 100.0%
Product / service
$545.91M totalIn Ground Swimming Pools$261.96M · 48.0%
Covers$160.76M · 29.4%
Liners$123.19M · 22.6%
Geographic
$545.91M totalUS$462.08M · 84.6%
CA$50.10M · 9.2%
AU$21.78M · 4.0%
NZ$6.28M · 1.1%
Other Geographic Areas$5.67M · 1.0%
Peer comparison
Same SIC group: Plastics Products, NEC
Comparing Latham Group against the 5 most active filers in the same SIC group.