HAYWNYSERefrigeration & Service Industry MachineryFiscal year ends December 31
Hayward Holdings, Inc.
Financials through Q1 FY2026, quarter ended Mar 28, 2026Last filing: 10-Q on Jul 29, 2026
$11.77−0.06 (-0.51%)
Close on Oct 19, 2026
- Market cap
- $2.62B
- P/E (TTM)
- 16.1
- Dividend yield
- 0.00%
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
48.0%+2.7 pts over 5 years
Operating margin
20.8%+6.6 pts over 5 years
Net margin
13.5%+8.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.7% | -5.1% | +5.1% | – | |
| Gross profit | +10.6% | -3.4% | +6.3% | – | |
| Operating income | +11.7% | -6.5% | +13.4% | – | |
| Net income | +27.7% | -5.5% | +28.5% | – | |
| EPS, diluted | +25.9% | -4.5% | +22.2% | – | |
| Free cash flow | +19.8% | +38.1% | +2.6% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 23.2% | 10.0% | |
| Return on assets | – | – | 4.9% | |
| Current ratio | – | 1.94 | 2.94 | |
| Debt to equity | – | 6.23 | 0.60 | |
| Interest coverage | – | -492.3× | 4.6× | |
| Inventory turnover | – | – | 2.7× | |
| Capex to revenue | – | 1.6% | 2.6% | |
| Diluted shares | – | 2M | 222M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hayward generated $957.97M from operations and spent $494.18M on capital expenditure, dividends and share buybacks. 27% of that went back into the business.
Generated
$957.97M
Used
$494.18M
Capital expenditure$135.88M27%Dividends$00%Share buybacks$358.30M73%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.5%
×Asset turnover0.37×
×Equity multiplier2.04×
=Return on equity, FY202510.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.5% | 0.37× | 2.04× | 10.0% |
| FY2024 | 11.3% | 0.35× | 2.17× | 8.7% |
| FY2023 | 8.1% | 0.34× | 2.30× | 6.4% |
| FY2022 | 13.6% | 0.45× | 2.26× | 13.8% |
| FY2021 | 14.5% | 0.50× | 3.54× | 25.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$151.57M
- Cash generatingOperating cash flow above zero$256.03M
- Return on assets improvedROA up on the prior year4.0% → 5.1%
- Earnings backed by cashOperating cash flow above net income$256.03M vs $151.57M
- Less leverageLong-term debt to assets fell31.8% → 29.9%
- Better liquidityCurrent ratio rose2.45 → 2.94
- No dilutionShare count did not rise221M → 222M
- Gross margin improvedGross margin up on the prior year46.31% → 48.00%
- More efficientAsset turnover rose0.36 → 0.38