NASDAQ : SWIM
Latham Group, Inc. — Financial statements
Industrials · Building Products & Equipment · United States
Last price 7.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 859.99M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Latham Group, Inc. (SWIM) reported revenue of 576.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 576.64M | 545.91M | 508.52M | 566.49M | 695.74M | 630.46M |
| Cost of Revenue | 384.16M | 363.82M | 354.78M | 413.55M | 479.27M | 426.29M |
| Gross Profit | 192.48M | 182.09M | 153.74M | 152.94M | 216.47M | 204.16M |
| Selling, General & Admin | 128.57M | 122.56M | 108.36M | 110.30M | 146.84M | 217.78M |
| Amortization of Goodwill & Intangibles | 28.99M | 28.94M | 27.10M | 26.52M | 28.18M | 22.57M |
| Operating Expenses | 157.56M | 151.51M | 135.47M | 136.81M | 175.02M | 240.34M |
| Operating Income | 34.92M | 30.58M | 18.28M | 16.13M | 41.45M | -36.18M |
| Interest Expense | -22.97M | -25.80M | -24.84M | -30.92M | -15.75M | -24.43M |
| Earnings From Equity Investments | 5.70M | 5.22M | 4.06M | 3.72M | 4.23M | 2.22M |
| Currency Exchange Gain (Loss) | -2.15M | 4.13M | -6.22M | 110.00K | -2.53M | -1.15M |
| Other Non Operating Income (Expenses) | 98.00K | -639.00K | -14.00K | 894.00K | -10.20M | 2.11M |
| EBT Excluding Unusual Items | 15.59M | 13.49M | -8.74M | -10.06M | 17.19M | -57.43M |
| Gain (Loss) on Sale of Investments | 3.90M | |||||
| Other Unusual Items | -4.50M | -3.46M | ||||
| Pretax Income | 9.95M | 13.49M | -8.74M | -10.06M | 13.72M | -53.53M |
| Income Tax Expense | 4.62M | 2.36M | 9.12M | -7.67M | 19.41M | 8.82M |
| Net Income | 5.33M | 11.12M | -17.86M | -2.39M | -5.69M | -62.35M |
| Net Income to Common | 5.33M | 11.12M | -17.86M | -2.39M | -5.69M | -62.35M |
| Shares Outstanding (Basic) | 116.93M | 116.42M | 115.43M | 112.90M | 113.25M | 110.64M |
| Shares Outstanding (Diluted) | 119.88M | 119.82M | 115.43M | 112.90M | 113.25M | 110.64M |
| EPS (Basic) | 0.05 | 0.10 | -0.15 | -0.02 | -0.05 | -0.56 |
| EPS (Diluted) | 0.05 | 0.09 | -0.15 | -0.02 | -0.05 | -0.56 |
| Free Cash Flow | 49.02M | 38.05M | 41.19M | 83.18M | -7.38M | 8.71M |
| Free Cash Flow Per Share | 0.41 | 0.32 | 0.36 | 0.74 | -0.07 | 0.08 |
| Dividend Per Share | 1.00 | |||||
| Gross Margin | 33.38% | 33.36% | 30.23% | 27.00% | 31.11% | 32.38% |
| Operating Margin | 6.06% | 5.60% | 3.59% | 2.85% | 5.96% | -5.74% |
| Profit Margin | 0.92% | 2.04% | -3.51% | -0.42% | -0.82% | -9.89% |
| Free Cash Flow Margin | 8.50% | 6.97% | 8.10% | 14.68% | -1.06% | 1.38% |
| EBITDA | 87.92M | 81.93M | 62.72M | 56.88M | 79.62M | -3.95M |
| EBITDA Margin | 15.25% | 15.01% | 12.33% | 10.04% | 11.44% | -0.63% |
| D&A For EBITDA | 53.00M | 51.35M | 44.45M | 40.75M | 38.17M | 32.23M |
| EBIT | 34.92M | 30.58M | 18.28M | 16.13M | 41.45M | -36.18M |
| EBIT Margin | 6.06% | 5.60% | 3.59% | 2.85% | 5.96% | -5.74% |
| Effective Tax Rate | 46.45% | 17.53% | 141.50% | |||
| Advertising Expenses | 10.00M | 8.50M | 9.20M | 9.80M | 7.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.48M | 71.04M | 56.40M | 102.76M | 32.63M | 43.95M |
| Short-Term Investments | 12.86M | 556.00K | ||||
| Cash & Short-Term Investments | 43.48M | 83.91M | 56.95M | 102.76M | 32.63M | 43.95M |
| Accounts Receivable | 95.23M | 39.91M | 32.30M | 30.41M | 48.85M | 60.75M |
| Other Receivables | 9.28M | 13.50M | 5.00M | 983.00K | 2.32M | 4.04M |
| Receivables | 104.51M | 53.42M | 37.30M | 31.39M | 51.16M | 64.79M |
| Inventory | 79.61M | 74.93M | 78.34M | 97.14M | 165.22M | 109.56M |
| Prepaid Expenses | 13.02M | 6.06M | 4.67M | 7.33M | 6.00M | 10.77M |
| Other Current Assets | 685.00K | 1.03M | ||||
| Total Current Assets | 240.63M | 219.00M | 178.30M | 238.62M | 255.01M | 229.07M |
| Property, Plant & Equipment | 169.30M | 152.26M | 144.37M | 147.71M | 136.81M | 63.51M |
| Long-Term Investments | 28.40M | 26.48M | 24.89M | 25.94M | 28.59M | 23.86M |
| Goodwill | 161.52M | 155.19M | 152.62M | 131.36M | 131.38M | 128.87M |
| Other Intangible Assets | 258.23M | 268.07M | 292.91M | 282.79M | 309.21M | 338.31M |
| Long-Term Deferred Tax Assets | 1.06M | 718.00K | 729.00K | 7.49M | 7.76M | 10.60M |
| Long-Term Deferred Charges | 800.00K | 800.00K | ||||
| Other Long-Term Assets | 444.00K | 700.00K | 383.00K | 1.09M | 913.00K | 265.00K |
| Total Assets | 860.37M | 823.22M | 794.21M | 835.00M | 869.68M | 794.48M |
| Accounts Payable | 37.99M | 19.28M | 13.14M | 17.12M | 25.45M | 38.00M |
| Accrued Expenses | 62.12M | 40.78M | 40.45M | 31.59M | 41.61M | 39.84M |
| Current Portion of Long-Term Debt | 3.25M | 3.25M | 3.25M | 21.25M | 3.25M | 17.22M |
| Current Portion of Leases | 7.78M | 8.45M | 7.96M | 7.88M | 7.03M | |
| Current Income Taxes Payable | 387.00K | 1.68M | 923.00K | 587.00K | ||
| Current Unearned Revenue | 4.33M | 3.79M | 3.79M | 4.48M | 5.93M | |
| Other Current Liabilities | 3.06M | 2.39M | 2.90M | 4.12M | 13.59M | |
| Total Current Liabilities | 111.53M | 79.14M | 70.98M | 86.21M | 86.86M | 115.17M |
| Long-Term Debt | 276.66M | 277.69M | 278.67M | 281.15M | 309.63M | 263.19M |
| Long-Term Leases | 26.29M | 26.09M | 24.82M | 28.07M | 32.58M | |
| Long-Term Deferred Tax Liabilities | 34.27M | 34.27M | 32.35M | 40.09M | 50.18M | 56.34M |
| Other Long-Term Liabilities | 188.00K | 171.00K | 174.00K | 286.00K | 7.63M | 6.14M |
| Total Liabilities | 448.94M | 417.36M | 406.99M | 435.80M | 486.89M | 440.84M |
| Common Stock | 12.00K | 12.00K | 12.00K | 11.00K | 11.00K | 12.00K |
| Additional Paid-In Capital | 473.66M | 473.42M | 467.08M | 459.68M | 440.88M | 401.85M |
| Retained Earnings | -59.47M | -63.69M | -74.82M | -56.96M | -54.57M | -48.58M |
| Comprehensive Income & Other | -2.77M | -3.88M | -5.05M | -3.54M | -3.53M | 370.00K |
| Shareholders' Equity | 411.43M | 405.86M | 387.22M | 399.20M | 382.79M | 353.64M |
| Total Liabilities & Equity | 860.37M | 823.22M | 794.21M | 835.00M | 869.68M | 794.48M |
| Total Debt | 313.98M | 315.48M | 314.69M | 338.35M | 352.49M | 280.41M |
| Net Cash (Debt) | -270.50M | -231.57M | -257.74M | -235.59M | -319.87M | -236.46M |
| Net Cash Per Share | -2.26 | -1.93 | -2.23 | -2.09 | -2.82 | -2.14 |
| Filing Date Shares Outstanding | 117.65M | 116.77M | 115.78M | 115.39M | 114.68M | 119.52M |
| Total Common Shares Outstanding | 117.54M | 116.77M | 115.76M | 114.87M | 114.68M | 119.45M |
| Working Capital | 129.10M | 139.86M | 107.32M | 152.41M | 168.14M | 113.90M |
| Book Value Per Share | 3.50 | 3.48 | 3.34 | 3.48 | 3.34 | 2.96 |
| Tangible Book Value | -8.31M | -17.40M | -58.32M | -14.96M | -57.81M | -113.54M |
| Tangible Book Value Per Share | -0.07 | -0.15 | -0.50 | -0.13 | -0.50 | -0.95 |
| Land | 2.73M | 2.68M | 2.76M | 1.81M | 1.74M | |
| Buildings | 43.45M | 38.57M | 38.99M | 9.95M | 7.37M | |
| Machinery | 125.26M | 102.25M | 88.47M | 62.05M | 54.12M | |
| Construction In Progress | 15.99M | 17.50M | 17.60M | 46.58M | 18.68M | |
| Leasehold Improvements | 15.58M | 13.74M | 12.36M | 9.64M | 4.56M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.33M | 11.12M | -17.86M | -2.39M | -5.69M | -62.35M |
| Depreciation & Amortization | 53.00M | 51.35M | 44.45M | 40.75M | 38.17M | 32.23M |
| Other Amortization | 1.72M | 1.72M | 1.72M | 1.72M | 1.57M | 6.42M |
| Loss (Gain) From Sale of Investments | -960.00K | 717.00K | -808.00K | 4.73M | -2.98M | -5.66M |
| Loss (Gain) on Equity Investments | -2.06M | -1.59M | 1.05M | -845.00K | -1.73M | -414.00K |
| Stock-Based Compensation | 8.61M | 9.25M | 7.39M | 18.80M | 50.63M | 128.78M |
| Provision & Write-off of Bad Debts | 1.50M | 1.74M | 2.07M | 5.38M | 2.01M | 986.00K |
| Other Operating Activities | 11.73M | 6.43M | 12.77M | -11.07M | 23.92M | -11.51M |
| Change in Accounts Receivable | -7.86M | -9.22M | -2.38M | 13.04M | 8.99M | -26.02M |
| Change in Inventory | 2.54M | 2.84M | 22.70M | 68.19M | -57.03M | -39.66M |
| Change in Accounts Payable | 10.57M | 5.80M | -4.04M | -8.51M | -12.36M | 10.68M |
| Change in Income Taxes | -395.00K | -8.21M | -2.98M | 1.33M | 1.72M | 338.00K |
| Change in Other Net Operating Assets | -3.59M | -8.51M | -2.77M | -14.76M | -14.91M | -125.00K |
| Operating Cash Flow | 80.12M | 63.43M | 61.31M | 116.37M | 32.31M | 33.69M |
| Capital Expenditures | -31.09M | -25.39M | -20.12M | -33.19M | -39.68M | -24.98M |
| Sale of Property, Plant & Equipment | 24.00K | 35.00K | ||||
| Cash Acquisitions | -14.25M | -4.93M | -64.53M | -5.36M | -90.51M | |
| Investment in Securities | 7.24M | |||||
| Other Investing Activities | -12.00M | -12.00M | 1.46M | |||
| Investing Cash Flow | -57.34M | -42.32M | -84.64M | -31.73M | -45.02M | -108.20M |
| Short-Term Debt Issued | 25.00M | 48.00M | 25.00M | 16.00M | ||
| Long-Term Debt Issued | 320.12M | 222.81M | ||||
| Total Debt Issued | 35.00M | 25.00M | 48.00M | 345.12M | 238.81M | |
| Short-Term Debt Repaid | -25.00M | -48.00M | -25.00M | -16.00M | ||
| Long-Term Debt Repaid | -4.07M | -22.02M | -13.88M | -286.45M | -169.14M | |
| Total Debt Repaid | -39.11M | -29.07M | -22.02M | -61.88M | -311.45M | -185.14M |
| Net Debt Issued (Repaid) | -4.11M | -4.07M | -22.02M | -13.88M | 33.68M | 53.67M |
| Issuance of Common Stock | 257.66M | 399.26M | ||||
| Repurchase of Common Stock | -3.01M | -2.90M | -280.70M | -281.64M | ||
| Common Dividends Paid | -110.03M | |||||
| Other Financing Activities | -6.87M | -1.25M | ||||
| Financing Cash Flow | -7.12M | -6.97M | -22.02M | -13.88M | 3.77M | 60.02M |
| Foreign Exchange Rate Adjustments | 886.00K | 507.00K | -1.01M | -631.00K | -2.39M | -861.00K |
| Net Cash Flow | 16.54M | 14.64M | -46.37M | 70.14M | -11.33M | -15.36M |
| Free Cash Flow | 49.02M | 38.05M | 41.19M | 83.18M | -7.38M | 8.71M |
| Free Cash Flow Margin | 8.50% | 6.97% | 8.10% | 14.68% | -1.06% | 1.38% |
| Free Cash Flow Per Share | 0.41 | 0.32 | 0.36 | 0.74 | -0.07 | 0.08 |
| Levered Free Cash Flow | 51.58M | 33.84M | 46.55M | 85.86M | 8.13M | 44.52M |
| Unlevered Free Cash Flow | 64.22M | 48.25M | 60.35M | 103.46M | 16.40M | 53.37M |
| Cash Interest Paid | 23.69M | 26.99M | 24.89M | 25.75M | 12.62M | 17.37M |
| Cash Income Tax Paid | 8.11M | 8.18M | 15.47M | 6.99M | 20.31M | 20.05M |
| Change in Working Capital | 1.26M | -17.30M | 10.53M | 59.29M | -73.59M | -54.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 877.64M | 740.76M | 804.75M | 301.81M | 377.13M | 3.00B |
| Enterprise Value | 1.15B | 985.81M | 1.06B | 562.44M | 699.84M | 3.14B |
| Last Close Price | 7.46 | 6.35 | 6.96 | 2.63 | 3.22 | 25.03 |
| PE Ratio | 163.78 | 66.59 | ||||
| Forward PE | 29.65 | 37.07 | 88.66 | 18.06 | 17.21 | 39.02 |
| PS Ratio | 1.52 | 1.36 | 1.58 | 0.53 | 0.54 | 4.76 |
| PB Ratio | 2.13 | 1.82 | 2.08 | 0.76 | 0.98 | 8.48 |
| P/FCF Ratio | 17.90 | 19.47 | 19.54 | 3.63 | 344.21 | |
| P/OCF Ratio | 10.95 | 11.68 | 13.13 | 2.59 | 11.67 | 89.04 |
| PEG Ratio | 5.76 | 9.73 | 1.68 | 1.68 | 0.43 | |
| EV/Sales Ratio | 1.99 | 1.81 | 2.09 | 0.99 | 1.01 | 4.99 |
| EV/EBITDA Ratio | 13.06 | 12.03 | 16.95 | 9.89 | 8.79 | |
| EV/EBIT Ratio | 32.88 | 32.24 | 58.17 | 34.87 | 16.89 | |
| EV/FCF Ratio | 23.42 | 25.91 | 25.81 | 6.76 | 360.73 | |
| Debt / Equity Ratio | 0.76 | 0.78 | 0.81 | 0.85 | 0.92 | 0.79 |
| Debt / EBITDA Ratio | 3.18 | 3.42 | 4.35 | 5.00 | 3.94 | |
| Debt / FCF Ratio | 6.41 | 8.29 | 7.64 | 4.07 | 32.17 | |
| Net Debt / Equity Ratio | 0.66 | 0.57 | 0.67 | 0.59 | 0.84 | 0.67 |
| Net Debt / EBITDA Ratio | 3.08 | 2.83 | 4.11 | 4.14 | 4.02 | -59.88 |
| Net Debt / FCF Ratio | 5.52 | 6.09 | 6.26 | 2.83 | -43.37 | 27.13 |
| Asset Turnover | 0.69 | 0.68 | 0.62 | 0.67 | 0.84 | 0.88 |
| Inventory Turnover | 4.86 | 4.75 | 4.04 | 3.15 | 3.49 | 4.89 |
| Quick Ratio | 1.33 | 1.74 | 1.33 | 1.56 | 0.96 | 0.94 |
| Current Ratio | 2.16 | 2.77 | 2.51 | 2.77 | 2.94 | 1.99 |
| Return on Equity (ROE) | 1.31% | 2.80% | -4.54% | -0.61% | -1.55% | -19.63% |
| Return on Assets (ROA) | 2.59% | 2.36% | 1.40% | 1.18% | 3.11% | -3.14% |
| Return on Invested Capital (ROIC) | 2.68% | 3.93% | 2.86% | 2.41% | -2.66% | -7.00% |
| Return on Capital Employed (ROCE) | 4.70% | 4.10% | 2.50% | 2.20% | 5.30% | -5.30% |
| Earnings Yield | 0.61% | 1.50% | -2.22% | -0.79% | -1.51% | -2.08% |
| FCF Yield | 5.59% | 5.14% | 5.12% | 27.56% | -1.96% | 0.29% |
| Dividend Yield | 3.98% | |||||
| Buyback Yield / Dilution | -3.43% | -3.80% | -2.25% | 0.30% | -2.35% | -7.84% |
| Total Shareholder Return | -3.43% | -3.80% | -2.25% | 0.30% | -2.35% | -3.86% |