undamentalytics Newsletter
Sign in

Hayward Holdings, Inc. (HAYW) stock

Add to watchlist

Add holding +

NYSE: HAYW NYSE Building Products Next results ~January 27, 2027

B Fundamentals grade

Hayward Holdings, Inc. is a US-listed company in the building products industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$17

Cash-flow model

Base case. Range ~$12–$24 across our lower- and higher-growth cases (2.2%–12.2% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 2% below our base value.

Price used: $16.81, November 2, 2026

Hayward Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling1 purchase and 20 sales by directors and officers, last 12 monthsInsider trades
  • Funds137 adding, 164 cuttingOf 48 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hayward Holdings files

10-Q filed October 28: Hayward

Model value +3.4%

Revenue for the twelve months to September 2026 was $1.18bn, up 7.6% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to 13.5% from 17.4% a year earlier. Our model value rises from $16.23 to $16.78 a share, against a share price of $15.85. The rating stays Hold. At that price, our model says the market is pricing in about 5.1% a year of cash-flow growth for five years, faster than the -3.3% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Hayward

Revenue reached $1.18bn in the twelve months to June 2026, up 7.6% on a year earlier and holding roughly the pace seen a quarter ago. Less encouraging was the free-cash-flow margin, which slipped to 13.5% from 17.4%. Our model value is little changed at $16.23 a share, set against a share price of $12.79. On that gap we move the rating from Buy to Hold. At $12.79 the market is pricing in about 2.7% a year of cash-flow growth over five years. That assumption sits well ahead of the -3.3% a year revenue growth the company has actually delivered.

10-Q on SEC EDGAR

Where Hayward stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.17bn, up 7.8% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 17.6% from 15.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $15.97 a share, against a share price of $11.87. At that price, our model says the market is pricing in about 2.6% a year of cash-flow growth for five years, faster than the -3.6% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Hayward Holdings, Inc.'s trailing-twelve-month revenue grew 7.6% year on year, with a free-cash-flow margin of 13.5%. Where it stands out: operating margin of 21.6% ranks 3 of 45 building products companies we cover. Where it lags: stock pay as % of revenue of 1.3% ranks 33 of 41 building products companies we cover.

Our discounted-cash-flow model values the business at ~$17 per share in the base case (~$12–$24 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 16.3% while net income grew 23.1%: a 39pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.3% ranks 33 of 41 building products companies we cover (median 0.7%).
  • Short interest rising. Shares sold short rose 22% in a month to 5.6% of tradable shares.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.18 against an average estimate of $0.15: beat by 18.8%
Revenue
$260m, up 6.5% on a year earlier
Share reaction
+19.5% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
net sales growth 5% to 6% (Fiscal Year 2026); adjusted diluted earnings per share $0.86 to $0.88 (Fiscal Year 2026)
Next report
October 28, 2026; average EPS estimate $0.32

Hayward Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.3%
  • 1 week+31.1%
  • 1 month+35.6%
  • This year+8.8%
  • 1 year-0.9%
  • 5 years-28.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.2B
Operating margin
21.6%
Net margin
14.4%
EPS (TTM, diluted)
$0.77

Growth

Revenue growth
+7.6%
Change in growth rate
−0.2 pts
Share count change
−0.6%

Cash

Free cash flow (TTM)
$160M
FCF margin
13.5%
Stock pay % of revenue
1.3%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Leadership
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hayward Holdings, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 5.8% a year of cash-flow growth for five years.That is faster than the -3.3% a year revenue growth Hayward Holdings has delivered.

  • Priced in5.8%
  • Last 12 months7.6%
  • 3 years a year6.7%
  • 5 years a year-3.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($16.58, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$17
Price used
$16.58close November 3, 2026
Implied change
▲ +4%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Hayward Holdings, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($192M, FY2026 Q3 TTM), growing 4.3% and 6.4% in the next two years (forecasts, guidance and its record), then back to 7.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$12–~$24 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Hayward Holdings, Inc.'s free cash flow after stock-based pay ( $192M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Hayward Holdings, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.01 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$17 ~$12–$24 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$15 ~$13–$20 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.2 ~$5.5–$12 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$8.3 ~$7.2–$9.8 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$13 ~$8.2–$17 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hayward Holdings, Inc. with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▼ −25%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $11$16$22$30$41$55
8.5% $8$11$16$22$29$39
10% $6$9$12$17$22$30

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$26.23$9.40$13.60$15.29$15.45$16.81
Market value$5.3bn$2.2bn$3.0bn$3.4bn$3.4bn$3.7bn
+ Net debt (− = net cash)$729m$1.1bn$931m$777m$630m$720m
Enterprise value$6.0bn$3.2bn$3.9bn$4.2bn$4.1bn$4.4bn
Multiples
Price / sales 3.8x1.6x3.0x3.2x3.1x3.1x
Price / earnings 25.8x12.0x37.2x28.5x22.7x21.8x
Price / free cash flow 32.2x25.0x19.3x17.8x15.1x23.0x
EV / EBITDA 17.8x10.6x20.6x18.2x15.9x15.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

71 /100

Strong moat

How hard Hayward Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 9.4% of total assets over 5 years.

  • Pricing power 16 / 20

    Gross margin has been a median 46.4%, moving by 1.9 percentage points (standard deviation) across 6 years.

  • Durability 16 / 20

    Operating margin has been a median 20.8%; its worst year was 16.0%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 6 of 6 years, at a median 15.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (76 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.86 +12% $1.2bn +5%
Next $0.95 +10% $1.2bn +5%

Next year's EPS estimate has moved +0.5% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.6% on 90 days ago. In the last 30 days, 1 analyst raised Hayward Holdings, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Hayward Holdings, Inc., last 90 days
$0.80 $0.85 $0.90 $0.95 $1.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.84 Current fiscal year, 60 days ago: $0.86 Current fiscal year, 30 days ago: $0.86 Current fiscal year, 7 days ago: $0.86 Current fiscal year, Now: $0.86 $0.86 Next fiscal year, 90 days ago: $0.94 Next fiscal year, 60 days ago: $0.97 Next fiscal year, 30 days ago: $0.97 Next fiscal year, 7 days ago: $0.95 Next fiscal year, Now: $0.95 $0.95

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.84$0.94
60 days ago $0.86$0.97
30 days ago $0.86$0.97
7 days ago $0.86$0.95
Now $0.86$0.95

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.15 $0.18 +18.8%
Jun 2026 $0.24 $0.26 +9.2%
Mar 2026 $0.11 $0.13 +17.2%
Dec 2025 $0.28 $0.29 +3.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026
  • net sales Fiscal Year 2026 5% growth to 6% growth Raised
    “For Fiscal Year 2026, Hayward now expects net sales to increase approximately 5% to 6% from Fiscal Year 2025, compared to our prior guidance of approximately 5%.” source
  • adjusted diluted earnings per share Fiscal Year 2026 $0.86 to $0.88 Non-GAAP Raised
    “We now expect adjusted diluted earnings per share* of $0.86 to $0.88, an increase of approximately 12% to 14% from Fiscal Year 2025, compared to our prior guidance of $0.84 to $0.87.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Hayward Holdings, Inc.'s revenue by +4.3% next year and +6.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.4%, weight 45%) , management guidance (+3.6%, weight 33%) and the company's own record (+7.2%, weight 22%) . How the weights are set.

Analyst recommendations

10 analysts, Oct 2026
Buy330%
Hold770%
Sell00%

Monthly trend

  1. Oct 20263710
  2. Sep 20263710
  3. Aug 20263710
  4. Jul 202613610

Counts of recommendations published by analysts covering Hayward Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
2.56
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.2%
of shares
Employees
1,960
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −0.9%

$16.97 on October 31, 2025 to $16.81

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.2bn +7.8%
Net margin 12.0% 13.8% +14.9%
P/E multiple 28.9x 23.1x −19.9%
Share count 222m 222m −0.2%

Biggest factor: p/e multiple.

Last 3 years +50.9%

$11.14 on November 3, 2023 to $16.81

ThenNowEffect
Revenue (last 12 months) $998m $1.2bn +17.0%
Net margin 7.7% 13.8% +79.4%
P/E multiple 32.2x 23.1x −28.1%
Share count 222m 222m 0.0%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
HAYW−64%+45%+12%+1%+9%
Industry peers (median)−24%+44%+10%−12%+4%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
HAYW17%58%58%33%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
HAYW−69%−31%−22%−26%−34%
S&P 500−25%−10%−8%−19%−9%

Worst fall since March 12, 2021: 71% from November 16, 2021 to October 20, 2022. Getting back needed a 239% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$11.35 – $17.31
From 52-week high
−2.9%
vs 50-day average
+29.0%
vs 200-day average
+15.5%
Volatility (1 year)
35%
Beta vs S&P 500
0.95

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
11 up, 1 down
typical move ±7.0%
After a week
9 up, 2 down
typical move ±5.7%
After a month
7 up, 4 down
typical move ±8.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +19.5% 0.0% — —
July 29, 2026 +1.7% +0.1% +7.1% −5.7%
April 29, 2026 −5.0% +1.0% −5.6% −10.7%
February 25, 2026 +0.7% +0.3% −1.1% −13.9%
October 29, 2025 +12.3% −1.1% +5.2% +7.3%
July 30, 2025 +2.8% −0.5% +3.9% +8.3%
May 1, 2025 +5.3% +2.2% +5.4% +3.2%
February 27, 2025 +0.8% −0.1% +3.2% −4.5%
October 29, 2024 +12.2% −0.1% +10.0% +9.3%
July 30, 2024 +9.6% +1.1% +3.6% +9.0%
May 2, 2024 +4.5% +2.2% +8.7% +6.4%
February 29, 2024 +9.5% +1.3% +8.9% +14.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Hayward Holdings, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hayward Holdings, Inc.
$950M $1B $1.1B $1.1B $1.2B $1.2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $992.5M Revenue (TTM), FY24 Q1: $994.9M Revenue (TTM), FY24 Q2: $995.7M Revenue (TTM), FY24 Q3: $1B Revenue (TTM), FY24 Q4: $1.1B Revenue (TTM), FY25 Q1: $1.1B Revenue (TTM), FY25 Q2: $1.1B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.1B Revenue (TTM), FY26 Q1: $1.1B Revenue (TTM), FY26 Q2: $1.2B Revenue (TTM), FY26 Q3: $1.2B $1.2B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $992.5M
FY24 Q1 $994.9M
FY24 Q2 $995.7M
FY24 Q3 $1B
FY24 Q4 $1.1B
FY25 Q1 $1.1B
FY25 Q2 $1.1B
FY25 Q3 $1.1B
FY25 Q4 $1.1B
FY26 Q1 $1.1B
FY26 Q2 $1.2B
FY26 Q3 $1.2B
Revenue growth, TTM YoY Hayward Holdings, Inc.
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -24.5% Revenue growth, TTM YoY, FY24 Q1: -10.7% Revenue growth, TTM YoY, FY24 Q2: -0.2% Revenue growth, TTM YoY, FY24 Q3: 3.1% Revenue growth, TTM YoY, FY24 Q4: 6.0% Revenue growth, TTM YoY, FY25 Q1: 7.3% Revenue growth, TTM YoY, FY25 Q2: 8.8% Revenue growth, TTM YoY, FY25 Q3: 9.7% Revenue growth, TTM YoY, FY25 Q4: 6.7% Revenue growth, TTM YoY, FY26 Q1: 7.6% Revenue growth, TTM YoY, FY26 Q2: 7.8% Revenue growth, TTM YoY, FY26 Q3: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -24.5%
FY24 Q1 -10.7%
FY24 Q2 -0.2%
FY24 Q3 3.1%
FY24 Q4 6.0%
FY25 Q1 7.3%
FY25 Q2 8.8%
FY25 Q3 9.7%
FY25 Q4 6.7%
FY26 Q1 7.6%
FY26 Q2 7.8%
FY26 Q3 7.6%
Operating margin (TTM) Hayward Holdings, Inc.
17% 18% 19% 20% 21% 22% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 17.7% Operating margin (TTM), FY24 Q1: 17.9% Operating margin (TTM), FY24 Q2: 18.4% Operating margin (TTM), FY24 Q3: 18.7% Operating margin (TTM), FY24 Q4: 19.9% Operating margin (TTM), FY25 Q1: 19.8% Operating margin (TTM), FY25 Q2: 19.8% Operating margin (TTM), FY25 Q3: 20.2% Operating margin (TTM), FY25 Q4: 20.8% Operating margin (TTM), FY26 Q1: 21.1% Operating margin (TTM), FY26 Q2: 21.1% Operating margin (TTM), FY26 Q3: 21.6% 21.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 17.7%
FY24 Q1 17.9%
FY24 Q2 18.4%
FY24 Q3 18.7%
FY24 Q4 19.9%
FY25 Q1 19.8%
FY25 Q2 19.8%
FY25 Q3 20.2%
FY25 Q4 20.8%
FY26 Q1 21.1%
FY26 Q2 21.1%
FY26 Q3 21.6%
FCF margin (TTM) Hayward Holdings, Inc.
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 15.7% FCF margin (TTM), FY24 Q1: 17.1% FCF margin (TTM), FY24 Q2: 20.6% FCF margin (TTM), FY24 Q3: 22.0% FCF margin (TTM), FY24 Q4: 17.9% FCF margin (TTM), FY25 Q1: 24.2% FCF margin (TTM), FY25 Q2: 15.1% FCF margin (TTM), FY25 Q3: 17.4% FCF margin (TTM), FY25 Q4: 20.1% FCF margin (TTM), FY26 Q1: 6.9% FCF margin (TTM), FY26 Q2: 17.5% FCF margin (TTM), FY26 Q3: 13.5% 13.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 15.7%
FY24 Q1 17.1%
FY24 Q2 20.6%
FY24 Q3 22.0%
FY24 Q4 17.9%
FY25 Q1 24.2%
FY25 Q2 15.1%
FY25 Q3 17.4%
FY25 Q4 20.1%
FY26 Q1 6.9%
FY26 Q2 17.5%
FY26 Q3 13.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hayward Holdings took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.1B
  2. Cost of revenue $583M · 52.0%
  3. Gross profit $539M · 48.0%
  4. Research and development $27.2M · 2.4%
  5. Selling, general and admin $247M · 22.0%
  6. Other operating costs $31.3M · 2.8%
  7. Operating income $233M · 20.8%
  8. Income tax $33.1M · 2.9%
  9. Interest and other $48.6M · 4.3%
  10. Net income $152M · 13.5%

Shares of revenue. Source: Hayward Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 733 875 1,402 1,314 992 1,052 1,122 1,183
Gross profit 324 397 656 597 429 487 539 568
EBITDA 116 143 337 305 191 229 256 280
Operating income 99 125 318 286 175 209 233 256
Net income 9 43 204 179 81 119 152 170
Diluted EPS $0.05 $0.25 $0.49 $0.78 $0.37 $0.54 $0.68 $0.77
Growth (year on year)
Revenue — +19.4% +60.1% −6.3% −24.5% +6.0% +6.7% +7.6%
EBITDA — +23.7% +135.0% −9.5% −37.3% +19.7% +11.9% +13.9%
Operating income — +26.2% +155.3% −10.2% −38.6% +19.2% +11.7% +15.1%
Net income — — +370.5% −12.0% −55.0% +47.1% +27.7% +23.1%
Diluted EPS — — +96.0% +59.2% −52.6% +45.9% +25.9% +23.9%
Margins
Gross margin 44.1% 45.4% 46.8% 45.4% 43.3% 46.3% 48.0% 48.0%
EBITDA margin 15.8% 16.4% 24.0% 23.2% 19.3% 21.8% 22.8% 23.6%
Operating margin 13.5% 14.2% 22.7% 21.7% 17.7% 19.9% 20.8% 21.6%
Net margin 1.2% 4.9% 14.5% 13.6% 8.1% 11.3% 13.5% 14.4%
Free-cash-flow margin 9.4% 22.8% 11.6% 6.6% 15.7% 18.0% 20.3% 13.6%
Cash flow
Cash from operations 94 214 189 116 185 212 256 199
Capital spending 25 14 26 30 29 22 29 37
Free cash flow 69 200 163 86 156 190 227 161
Stock-based pay 2 2 15 8 9 11 13 15
Free cash flow after stock pay 67 198 148 78 146 179 214 146
Balance sheet
Cash 47 115 266 56 178 197 330 236
Total debt 0 1,303 995 1,117 1,110 974 960 956
Net debt (negative = net cash) −47 1,188 729 1,061 931 777 630 720
Diluted shares 2m 2m 201m 230m 221m 221m 222m 221m
Returned to shareholders
Dividends 0 275 0 0 — — — —
Buybacks 1 2 10 343 0 0 5 120
Total returned 1 278 10 343 0 0 5 120

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · September 26, 2026
What it owns · $3.1bn
Short-term assets $908mLonger-term assets $2.2bn
What it owes, and who funded it · $3.1bn
Short-term liabilities $273mLonger-term liabilities $1.2bnShareholders' equity $1.6bn
  • Short-term assets cover short-term liabilities $908m of assets due within a year against $273m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $908m short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $236m of cash against $946m of debt.
  • Debt below 40% of shareholders' equity Debt is 60% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 71% to 60% over five years.
  • A year's operating cash flow covers at least 20% of debt $199m of operating cash flow against $946m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hayward Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$120M
Returned to shareholders
75%
of free cash flow
Buybacks, last 3 fiscal years
$5.4M
Diluted share count
−0.6%
year over year
Total shareholder yield
3.4%
dividends 0.0% + buybacks 3.4% of market value
R&D spending
2.6%
of revenue
Sales & admin spending
21.4%
of revenue
Days sales outstanding
43 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated HAYW TREX CSW WOR APOG TILE Median
Revenue, last 12 months $1.2bn $1.2bn $1.3bn $1.4bn $1.4bn $1.4bn $1.8bn
Revenue growth, last 12 months 7.6% 7.0% 30.0% 18.4% 3.0% 6.5% 3.7%
Revenue growth, 3-year average 6.7% 7.4% 17.5% −32.9% 0.1% 3.8% 3.6%
Revenue growth, latest quarter 6.5% 7.8% 30.5% 13.2% 9.2% 5.4% 8.0%
Gross margin 48.0% 38.2% 42.1% 27.2% 23.2% 40.5% 32.0%
Operating margin 21.6% 20.2% 16.9% 5.6% 7.2% 13.6% 7.0%
Operating margin, 3-year average 20.2% 24.0% 19.2% 0.8% 7.5% 11.5% 10.7%
Net margin 14.4% 14.7% 10.2% 11.5% 4.7% 10.1% 5.1%
Cash from operations / revenue 16.8% 29.6% 15.8% 17.7% 9.0% 12.4% 12.4%
Free-cash-flow margin 13.5% 17.2% 14.2% 13.8% 6.6% 8.6% 8.9%
Free-cash-flow margin, 3-year average 17.6% 7.7% 17.0% 12.4% 7.7% 8.5% 8.5%
Stock pay / revenue 1.3% 0.8% 1.3% 1.0% 0.7% 1.2% 0.7%
Change in share count −0.6% −2.1% −2.3% −1.1% −1.4% −0.3% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth 7.6% 4.0% 16 of 46
Change in growth rate Growth -0.2pp +0.8pp 27 of 46
Gross margin Profitability 48.0% 32.1% 4 of 43
Operating margin Profitability 21.6% 7.2% 3 of 45
Net margin Profitability 14.4% 5.6% 6 of 46
Free-cash-flow margin Cash generation 13.5% 9.1% 15 of 46
Stock pay as % of revenue Cash generation 1.3% 0.7% 33 of 41
Long-term debt as % of assets Balance sheet 30.5% 25.7% 23 of 37
Change in share count Balance sheet -0.6% -0.6% 22 of 44
Days sales outstanding Balance sheet 43 days 53 days 9 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Residential Pool $1B 90.0% ▲ 6.1%
Commercial Pool $65.3M 5.8% ▲ 31.6%
Flow Control $46.8M 4.2% ▼ 6.0%
Geography
Region Revenue Share YoY
United States $883M 78.7% ▲ 7.2%
Total International $239M 21.3% ▲ 4.9%
Europe $97.1M 40.6% ▲ 5.3%
Canada $75.9M 31.8% ▲ 6.0%
Rest of World $65.9M 27.6% ▲ 3.2%

From Hayward Holdings, Inc.'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.8B
Institutions reporting
281
Shares held vs prior quarter
▲ 1.4%
Positions opened / closed
33 / 52

Top buyers and sellers, Q2 2026: 137 institutions bought and 164 sold ; the biggest buyer was FMR LLC (+8.6M shares) and the biggest seller Jennison Associates LLC (−2.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $422M 24.4M 11.0% ▲ 1.7%
FMR LLC $299M 17.3M 7.8% ▲ 99.6%
Fiduciary Management Inc $202M 11.7M 5.3% ▲ 33.7%
Jpmorgan Chase & Co $184M 10.8M 4.8% ▼ 7.8%
Vanguard Portfolio Management LLC $178M 10.3M 4.7% ▼ 0.4%
Vanguard Capital Management LLC $160M 9.3M 4.2% ▲ 0.2%
Dimensional Fund Advisors LP $147M 8.5M 3.8% ▲ 14.1%
Neuberger Berman Group LLC $135M 7.8M 3.5% ▲ 1.5%
State Street Corp $114M 6.6M 3.0% ▲ 6.0%
American Century Companies Inc $111M 6.4M 2.9% ▲ 2.0%
Mic Capital Management Uk LLP $107M 6.2M 2.8% ▼ 6.1%
Morgan Stanley $104M 6.0M 2.7% ▲ 31.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hayward Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $28,608 1 trade by 1 insider, last 12 months Insider sales History → $12.2M 20 trades by 3 insiders · 100% under pre-set plans
Net ▼ $12.1M net selling
Insider Date Trade Shares Price Value
Canning Susan M. SVP, CLO, Corporate Secretary October 30, 2026 Sell pre-set plan 2,500 $16.00 $40,000
Canning Susan M. SVP, CLO, Corporate Secretary October 29, 2026 Sell pre-set plan 2,000 $15.50 $31,000
Canning Susan M. SVP, CLO, Corporate Secretary October 15, 2026 Sell pre-set plan 3,500 $11.70 $40,950
Holleran Kevin President and CEO October 5, 2026 Sell pre-set plan 50,000 $12.40 $620,045
Canning Susan M. SVP, CLO, Corporate Secretary September 15, 2026 Sell pre-set plan 3,500 $12.84 $44,940
Holleran Kevin President and CEO September 1, 2026 Sell pre-set plan 50,000 $13.85 $692,500
Canning Susan M. SVP, CLO, Corporate Secretary August 17, 2026 Sell pre-set plan 3,500 $15.00 $52,500
Canning Susan M. SVP, CLO, Corporate Secretary August 17, 2026 Sell 3,500 $15.06 $52,710
Holleran Kevin President and CEO August 3, 2026 Sell pre-set plan 50,000 $15.31 $765,500
Holleran Kevin President and CEO July 1, 2026 Sell pre-set plan 120,000 $17.28 $2.1M
Holleran Kevin President and CEO June 30, 2026 Sell pre-set plan 50,000 $17.07 $853,500
Holleran Kevin President and CEO June 1, 2026 Sell pre-set plan 52,389 $13.79 $722,444

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 25, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Hayward Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hayward Holdings, Inc. in brief

What does Hayward Holdings, Inc. do?
Hayward Holdings, Inc. is a US-listed company in the building products industry. Its financial year ends in December.
What is Hayward Holdings, Inc.'s stock ticker?
Hayward Holdings, Inc. trades under the ticker HAYW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hayward Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hayward Holdings, Inc. reported revenue of $1.2B, 7.6% higher than a year earlier, according to its SEC filings.
What is Hayward Holdings, Inc.'s free cash flow?
Hayward Holdings, Inc.'s free-cash-flow margin is 13.5% of revenue over the trailing twelve months, ranking 15 of the 46 building products companies we cover.
What is Hayward Holdings, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Hayward Holdings, Inc.'s free cash flow after stock-based pay gives ~$17 per share in the base case, and ~$12–$24 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Hayward Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Fiduciary Management Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hayward Holdings, Inc. buying back stock, and does it pay a dividend?
Hayward Holdings, Inc. spent $120M on share repurchases over the trailing twelve months, and its diluted share count fell 0.6% over the year.
What is Hayward Holdings, Inc.'s market cap?
On November 2, 2026, Hayward Holdings, Inc.'s market capitalisation was about $3.7B, with a price-to-earnings ratio of 21.8 and net debt of $720M. Market figures come from third-party market data and may be delayed.
How much debt does Hayward Holdings, Inc. have?
Hayward Holdings, Inc.'s debt-to-equity ratio is 59.5%, from its latest balance sheet (70.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hayward Holdings, Inc.'s competitors?
In our Building Products peer group, the companies closest to Hayward Holdings, Inc. are Trex Co Inc, CSW Industrials, Inc., Worthington Enterprises, Inc., Apogee Enterprises, Inc. and Interface Inc. The side-by-side comparison below sets their revenue, margins and growth against Hayward Holdings, Inc.'s.
Are insiders buying or selling Hayward Holdings, Inc. stock?
Over the last 12 months, Hayward Holdings, Inc.'s directors and officers reported 1 open-market purchases and 20 sales on Form 4. The insider trading page charts every trade.
When is Hayward Holdings, Inc.'s next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hayward Holdings, Inc. announces its own schedule.