Janus International Group vs Latham Group
Janus International Group is the larger business, with $884m of revenue in fiscal 2025 against $546m for Latham Group (1.6 times as much). Latham Group grew faster (7.4% against -8.3%). Janus International Group kept more of each dollar of sales as profit: a net margin of 6.1% against 2.0%. Latham Group carries less debt relative to equity (70.2% against 96.6%).
| Latest fiscal year | Janus International GroupJBI, 2025 | Latham GroupSWIM, 2025 |
|---|---|---|
| Revenue | $884m | $546m |
| Revenue growth | -8.3% | 7.4% |
| Net income | $53.8m | $11.1m |
| Operating margin | 12.6% | 5.6% |
| Net margin | 6.1% | 2.0% |
| Return on equity | 9.9% | 2.8% |
| Free cash flow | $114m | $38.0m |
| Cash | $194m | $71.0m |
| Total debt | $553m | $285m |
| Debt to equity | 96.6% | 70.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $15.9m | — |
| Employees | 2,243 | 1,804 |
| Market value | $640m | $857m |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 69 (Moderate) | 30 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 2 buys, 0 sales |