SWIMNasdaqPlastics Products, NECFiscal year ends December 31
Latham Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Aug 5, 2026
$6.20+0.08 (+1.31%)
Close on Oct 19, 2026
- Market cap
- $741.15M
- P/E (TTM)
- 124.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
33.4%−2.0 pts over 5 years
Operating margin
5.6%−4.3 pts over 5 years
Net margin
2.0%−1.9 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 | +7.4% | -7.8% | +6.2% | – | |
| Gross profit | +18.4% | -5.6% | +5.0% | – | |
| Operating income | +67.3% | +0.6% | -5.2% | – | |
| Net income | – | – | -7.0% | – | |
| EPS, diluted | – | – | -10.9% | – | |
| Free cash flow | -7.6% | – | -4.1% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 6.7% | 2.8% | |
| Return on assets | – | – | 1.4% | |
| Current ratio | – | 1.78 | 2.77 | |
| Debt to equity | – | 0.79 | 0.69 | |
| Net debt to EBITDA | – | 2.49× | 2.55× | |
| Interest coverage | – | 2.2× | 1.2× | |
| Inventory turnover | – | – | 4.8× | |
| Capex to revenue | – | 4.0% | 4.7% | |
| Diluted shares | – | 103M | 120M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Latham generated $307.11M from operations and spent $705.69M on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$307.11M
Used
$705.69M
Capital expenditure$143.35M20%Dividends$00%Share buybacks$562.34M80%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.0%
×Asset turnover0.68×
×Equity multiplier2.04×
=Return on equity, FY20252.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.0% | 0.68× | 2.04× | 2.8% |
| FY2024 | -3.5% | 0.62× | 2.07× | -4.5% |
| FY2023 | -0.4% | 0.66× | 2.18× | -0.6% |
| FY2022 | -0.8% | 0.84× | 2.26× | -1.5% |
| FY2021 | -9.9% | 0.87× | 2.27× | -19.6% |
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$11.12M
- Cash generatingOperating cash flow above zero$63.43M
- Return on assets improvedROA up on the prior year-2.1% → 1.4%
- Earnings backed by cashOperating cash flow above net income$63.43M vs $11.12M
- Less leverageLong-term debt to assets fell35.0% → 33.6%
- Better liquidityCurrent ratio rose2.51 → 2.77
- No dilutionShare count did not rise115M → 120M
- Gross margin improvedGross margin up on the prior year30.23% → 33.35%
- More efficientAsset turnover rose0.61 → 0.69