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Latham Group, Inc. (SWIM) stock

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NASDAQ: SWIM Nasdaq Building Products Next results ~November 3, 2026

C Fundamentals grade

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

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 41% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 41% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Latham Group, 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.

  • Insiders2 buying, 0 selling2 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds74 adding, 65 cuttingOf 30 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Latham Group files

Where Latham stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $577m, up 10.5% on a year earlier, faster than the 8.3% growth a quarter earlier. That growth ranks 8 of 37 among the building products companies we cover. Free-cash-flow margin rose to 8.5% from 2.3% a year earlier. The diluted share count is up 3.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 7 financial-health checks.

Our model value for Latham Group is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

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 ~November 3, 2026 (estimated)

Latham Group, Inc.'s trailing-twelve-month revenue grew 10.5% year on year, with a free-cash-flow margin of 8.5%. Where it stands out: revenue growth of 10.5% ranks 10 of 46 building products companies we cover. Where it lags: change in share count of 3.3% ranks 39 of 44 building products companies we cover.

Our discounted-cash-flow model values the business at ~$8.3 per share in the base case (~$5.7–$12 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 10.5% (+2.2pp vs the prior quarter).

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

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 7.8% over 90 days.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 3.3% in a year.
  • High earnings multiple. The shares trade at 168 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 1.4 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.5% ranks 34 of 41 building products companies we cover (median 0.7%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.14 against an average estimate of $0.16: missed by 11.9%
Revenue
$197m, up 14.4% on a year earlier
Share reaction
+29.4% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 3, 2026; average EPS estimate $0.15

Latham Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.3%
  • 1 week+6.6%
  • 1 month+13.7%
  • This year+17.5%
  • 1 year+0.3%
  • 5 years-53.4%
  • S&P 500 this year+11.2%

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

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$577M
Operating margin
5.1%
Net margin
0.9%
EPS (TTM, diluted)
$0.04

Growth

Revenue growth
+10.5%
Change in growth rate
+2.2 pts
Share count change
+3.3%

Cash

Free cash flow (TTM)
$49M
FCF margin
8.5%
Stock pay % of revenue
1.5%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

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

  1. Agreement
  2. 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

Latham Group, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 41% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Latham Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.19 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. — Does not apply: This model is withheld pending its input or assumption review.
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. ~$4.7 ~$4.2–$6.0 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.5 ~$0.2–$0.8 Left out: out of range vs price (0.06x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Latham Group, 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.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$25.03$3.22$2.63$6.96$6.35$7.46
Market value$2.8bn$365m$297m$803m$761m$896m
+ Net debt (− = net cash)$240m$290m$207m$232m$214m$241m
Enterprise value$3.0bn$655m$503m$1.0bn$975m$1.1bn
Multiples
Price / sales 4.4x0.5x0.5x1.6x1.4x1.6x
Price / earnings ————68.4x168.2x
Price / free cash flow n/m—3.6x19.5x20.0x18.3x
EV / EBITDA —9.6x8.9x16.5x11.9x13.8x

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

30 /100

Weak moat

How hard Latham Group'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 0 / 20

    Net income has been a median -1.7% of total assets over 6 years.

  • Pricing power 11 / 20

    Gross margin has been a median 32.6%, moving by 2.9 percentage points (standard deviation) across 6 years.

  • Durability 1 / 20

    Operating margin has been a median 2.9%; its worst year was 0.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 5 of 6 years, at a median 6.9% of revenue.

  • Discipline 11 / 20

    The diluted share count rose 10.6% over five years; stock-based pay has been a median 3.4% 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 (36 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

Next results: November 3, 2026, after the close. Analysts expect revenue of $181m and EPS of $0.15 (range $0.14 to $0.16) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.21 +35% $608m +11%
Next $0.30 +42% $645m +6%

Next year's EPS estimate has moved +7.8% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.9% on 90 days ago. In the last 30 days, 2 analysts raised Latham Group, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Latham Group, Inc., last 90 days
$0.20 $0.25 $0.30 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.22 Current fiscal year, 60 days ago: $0.21 Current fiscal year, 30 days ago: $0.21 Current fiscal year, 7 days ago: $0.21 Current fiscal year, Now: $0.21 $0.21 Next fiscal year, 90 days ago: $0.28 Next fiscal year, 60 days ago: $0.28 Next fiscal year, 30 days ago: $0.28 Next fiscal year, 7 days ago: $0.28 Next fiscal year, Now: $0.30 $0.30

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.22$0.28
60 days ago $0.21$0.28
30 days ago $0.21$0.28
7 days ago $0.21$0.28
Now $0.21$0.30

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.16 $0.14 −11.9%
Mar 2026 −$0.04 −$0.04 +8.1%
Dec 2025 −$0.08 −$0.04 +47.7%
Sept 2025 $0.10 $0.08 −13.6%

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

Analyst recommendations

7 analysts, Oct 2026
Buy343%
Hold229%
Sell229%

Monthly trend

  1. Oct 202632117
  2. Sep 202641117

Counts of recommendations published by analysts covering Latham Group, 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
6.9%
of tradable shares
Days to cover
4.68
at average volume
Short interest, 1 month
+13%
to October 15, 2026
Held by institutions
93%
of shares
Held by insiders
6.7%
of shares
Employees
1,900
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +2.9%

$7.25 on October 31, 2025 to $7.46

ThenNowEffect
Revenue (last 12 months) $522m $577m +10.5%
P/S multiple 1.6x 1.6x −3.8%
Share count 116m 120m −3.2%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +198.4%

$2.50 on November 3, 2023 to $7.46

ThenNowEffect
Revenue (last 12 months) $612m $577m −5.8%
P/S multiple 0.5x 1.6x +239.2%
Share count 112m 120m −6.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

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
SWIM−87%−18%+165%−9%+18%
Industry peers (median)−24%+45%+10%−12%+4%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
SWIM25%42%67%50%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
SWIM−89%−54%−38%−37%−34%
S&P 500−25%−10%−8%−19%−9%

Worst fall since April 23, 2021: 94% from May 17, 2021 to October 27, 2023. Getting back needed a 1450% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.76 – $7.83
From 52-week high
−4.7%
vs 50-day average
+14.1%
vs 200-day average
+20.9%
Volatility (1 year)
54%
Beta vs S&P 500
1.43

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
7 up, 5 down
typical move ±14.1%
After a week
7 up, 5 down
typical move ±19.4%
After a month
8 up, 4 down
typical move ±17.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +29.4% +1.6% +34.6% +21.8%
May 5, 2026 +0.2% +2.2% −13.6% −6.2%
March 3, 2026 +9.1% −0.2% −3.8% −18.8%
November 4, 2025 −4.4% −0.8% −6.9% −1.5%
August 5, 2025 +8.9% +0.3% +9.1% +18.7%
May 6, 2025 −1.6% −0.4% +11.4% −4.6%
March 4, 2025 +35.6% −0.1% +31.8% +22.0%
November 5, 2024 −8.9% +3.7% −13.0% +0.6%
August 6, 2024 +36.0% +0.2% +70.0% +77.7%
May 7, 2024 +25.4% +0.1% +29.5% +29.2%
March 12, 2024 −6.7% +0.9% −2.4% +4.5%
November 7, 2023 −3.5% +0.4% +6.6% +0.8%

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.

Latham Group, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

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) Latham Group, Inc.
$500M $520M $540M $560M $580M $600M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $583.5M Revenue (TTM), FY23 Q4: $566.5M Revenue (TTM), FY24 Q1: $539.4M Revenue (TTM), FY24 Q2: $522.4M Revenue (TTM), FY24 Q3: $512.1M Revenue (TTM), FY24 Q4: $508.5M Revenue (TTM), FY25 Q1: $509.3M Revenue (TTM), FY25 Q2: $521.8M Revenue (TTM), FY25 Q3: $533.2M Revenue (TTM), FY25 Q4: $545.9M Revenue (TTM), FY26 Q1: $551.8M Revenue (TTM), FY26 Q2: $576.6M $576.6M

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

View chart data
Period Revenue (TTM)
FY23 Q3 $583.5M
FY23 Q4 $566.5M
FY24 Q1 $539.4M
FY24 Q2 $522.4M
FY24 Q3 $512.1M
FY24 Q4 $508.5M
FY25 Q1 $509.3M
FY25 Q2 $521.8M
FY25 Q3 $533.2M
FY25 Q4 $545.9M
FY26 Q1 $551.8M
FY26 Q2 $576.6M
Revenue growth, TTM YoY Latham Group, Inc.
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -19.7% Revenue growth, TTM YoY, FY23 Q4: -18.6% Revenue growth, TTM YoY, FY24 Q1: -16.0% Revenue growth, TTM YoY, FY24 Q2: -14.7% Revenue growth, TTM YoY, FY24 Q3: -12.2% Revenue growth, TTM YoY, FY24 Q4: -10.2% Revenue growth, TTM YoY, FY25 Q1: -5.6% Revenue growth, TTM YoY, FY25 Q2: -0.1% Revenue growth, TTM YoY, FY25 Q3: 4.1% Revenue growth, TTM YoY, FY25 Q4: 7.4% Revenue growth, TTM YoY, FY26 Q1: 8.3% Revenue growth, TTM YoY, FY26 Q2: 10.5% 10.5%

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

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -19.7%
FY23 Q4 -18.6%
FY24 Q1 -16.0%
FY24 Q2 -14.7%
FY24 Q3 -12.2%
FY24 Q4 -10.2%
FY25 Q1 -5.6%
FY25 Q2 -0.1%
FY25 Q3 4.1%
FY25 Q4 7.4%
FY26 Q1 8.3%
FY26 Q2 10.5%
Operating margin (TTM) Latham Group, Inc.
0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 0.8% Operating margin (TTM), FY23 Q4: 2.8% Operating margin (TTM), FY24 Q1: 3.8% Operating margin (TTM), FY24 Q2: 5.2% Operating margin (TTM), FY24 Q3: 4.4% Operating margin (TTM), FY24 Q4: 3.6% Operating margin (TTM), FY25 Q1: 3.0% Operating margin (TTM), FY25 Q2: 3.9% Operating margin (TTM), FY25 Q3: 5.3% Operating margin (TTM), FY25 Q4: 5.6% Operating margin (TTM), FY26 Q1: 5.2% Operating margin (TTM), FY26 Q2: 5.1% 5.1%

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

View chart data
Period Operating margin (TTM)
FY23 Q3 0.8%
FY23 Q4 2.8%
FY24 Q1 3.8%
FY24 Q2 5.2%
FY24 Q3 4.4%
FY24 Q4 3.6%
FY25 Q1 3.0%
FY25 Q2 3.9%
FY25 Q3 5.3%
FY25 Q4 5.6%
FY26 Q1 5.2%
FY26 Q2 5.1%
FCF margin (TTM) Latham Group, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 13.1% FCF margin (TTM), FY23 Q4: 14.7% FCF margin (TTM), FY24 Q1: 12.6% FCF margin (TTM), FY24 Q2: 15.0% FCF margin (TTM), FY24 Q3: 12.6% FCF margin (TTM), FY24 Q4: 8.1% FCF margin (TTM), FY25 Q1: 6.0% FCF margin (TTM), FY25 Q2: 2.3% FCF margin (TTM), FY25 Q3: 4.5% FCF margin (TTM), FY25 Q4: 7.0% FCF margin (TTM), FY26 Q1: 5.5% FCF margin (TTM), FY26 Q2: 8.5% 8.5%

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

View chart data
Period FCF margin (TTM)
FY23 Q3 13.1%
FY23 Q4 14.7%
FY24 Q1 12.6%
FY24 Q2 15.0%
FY24 Q3 12.6%
FY24 Q4 8.1%
FY25 Q1 6.0%
FY25 Q2 2.3%
FY25 Q3 4.5%
FY25 Q4 7.0%
FY26 Q1 5.5%
FY26 Q2 8.5%

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 Latham Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $546M
  2. Cost of revenue $364M · 66.6%
  3. Gross profit $182M · 33.4%
  4. Selling, general and admin $123M · 22.5%
  5. Other operating costs $28.9M · 5.3%
  6. Operating income $30.6M · 5.6%
  7. Interest and other $17.1M · 3.1%
  8. Net income $11.1M · 2.0%

Shares of revenue. Source: Latham Group'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 Jun 2026
Income
Revenue 318 403 630 696 566 509 546 577
Gross profit 98 143 204 216 153 154 182 192
EBITDA 47 65 −4 68 57 63 82 82
Operating income 25 40 −36 30 16 18 31 29
Net income 7 16 −62 −6 −2 −18 11 5
Diluted EPS $0.08 $0.16 −$0.56 −$0.05 −$0.02 −$0.15 $0.09 $0.04
Growth (year on year)
Revenue — +26.9% +56.3% +10.4% −18.6% −10.2% +7.4% +10.5%
EBITDA — +39.5% −106.1% — −16.6% +10.3% +30.6% +19.7%
Operating income — +58.8% −190.7% — −46.3% +13.3% +67.3% +45.4%
Net income — +114.3% −490.1% — — — — —
Diluted EPS — +100.0% −450.0% — — — — —
Margins
Gross margin 30.9% 35.4% 32.4% 31.1% 27.0% 30.2% 33.4% 33.4%
EBITDA margin 14.7% 16.2% −0.6% 9.8% 10.0% 12.3% 15.0% 14.3%
Operating margin 7.9% 9.9% −5.7% 4.3% 2.8% 3.6% 5.6% 5.1%
Net margin 2.3% 4.0% −9.9% −0.8% −0.4% −3.5% 2.0% 0.9%
Free-cash-flow margin 8.6% 11.6% 1.4% −1.1% 14.7% 8.1% 7.0% 8.5%
Cash flow
Cash from operations 36 63 34 32 116 61 63 80
Capital spending 8 16 25 40 33 20 25 31
Free cash flow 27 47 9 −7 83 41 38 49
Stock-based pay 1 2 129 51 19 7 9 9
Free cash flow after stock pay 27 45 −120 −58 64 34 29 40
Balance sheet
Cash 57 59 44 33 103 56 71 43
Total debt 0 221 284 323 309 288 285 284
Net debt (negative = net cash) −57 162 240 290 207 232 214 241
Diluted shares 95m 103m 111m 113m 113m 115m 120m 120m
Returned to shareholders
Dividends — 7 110 — — — — —
Buybacks 0 1 282 281 0 0 — —
Total returned 0 7 392 281 0 0 — —

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 7 checks passed · June 27, 2026
What it owns · $860m
Short-term assets $241mLonger-term assets $620m
What it owes, and who funded it · $860m
Short-term liabilities $112mLonger-term liabilities $337mShareholders' equity $411m
  • Short-term assets cover short-term liabilities $241m of assets due within a year against $112m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $241m short-term assets against $337m of longer-dated liabilities.
  • More cash than debt $43m of cash against $280m of debt.
  • Debt below 40% of shareholders' equity Debt is 68% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 74% to 68% over five years.
  • A year's operating cash flow covers at least 20% of debt $80m of operating cash flow against $280m of debt.
  • Operating profit covers interest at least five times over Operating income of $29m against $23m of interest.

From Latham Group, 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

Diluted share count
+3.3%
year over year
Sales & admin spending
23.3%
of revenue
Days sales outstanding
60 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated SWIM NWPX CSTE JBI HAYW TREX Median
Revenue, last 12 months $577m $603m $397m $902m $1.2bn $1.2bn $1.8bn
Revenue growth, last 12 months 10.5% 15.9% −10.4% 0.3% 7.6% 7.0% 3.7%
Revenue growth, 3-year average −2.0% 11.0% 3.7% −5.4% 6.7% 7.4% 3.6%
Revenue growth, latest quarter 14.4% 18.8% — 2.4% 6.5% 7.8% 8.0%
Gross margin 33.4% 20.9% 18.4% 35.9% 48.0% 38.2% 32.0%
Operating margin 5.1% 11.8% −31.6% 9.3% 21.6% 20.2% 7.0%
Operating margin, 3-year average 4.7% 10.2% −6.8% 14.4% 20.2% 24.0% 10.7%
Net margin 0.9% 8.9% −34.6% 3.7% 14.4% 14.7% 5.1%
Cash from operations / revenue 13.9% 17.7% −9.6% 11.1% 16.8% 29.6% 12.4%
Free-cash-flow margin 8.5% 14.4% −11.8% 9.1% 13.5% 17.2% 8.9%
Free-cash-flow margin, 3-year average 8.6% 8.3% −2.3% 14.4% 17.6% 7.7% 8.5%
Stock pay / revenue 1.5% 1.2% 0.3% 1.8% 1.3% 0.8% 0.7%
Change in share count 3.3% −2.0% 0.1% −2.1% −0.6% −2.1% −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 10.5% 4.0% 10 of 46
Change in growth rate Growth +2.2pp +0.8pp 12 of 46
Gross margin Profitability 33.4% 32.1% 20 of 43
Operating margin Profitability 5.1% 7.2% 29 of 45
Net margin Profitability 0.9% 5.6% 32 of 46
Free-cash-flow margin Cash generation 8.5% 9.1% 26 of 46
Stock pay as % of revenue Cash generation 1.5% 0.7% 34 of 41
Long-term debt as % of assets Balance sheet 32.1% 25.7% 26 of 37
Change in share count Balance sheet 3.3% -0.6% 39 of 44
Days sales outstanding Balance sheet 60 days 53 days 22 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
In Ground Swimming Pools $262M 48.0% ▲ 1.1%
Covers $161M 29.4% ▲ 22.4%
Liners $123M 22.6% ▲ 4.4%
Geography
Region Revenue Share YoY
United States $462M 84.6% ▲ 7.6%
Canada $50.1M 9.2% ▲ 4.1%
Australia $21.8M 4.0% ▲ 1.5%
NZ $6.3M 1.1% ▲ 9.7%
Other Geographic Areas $5.7M 1.0% ▲ 46.5%

From Latham Group, Inc.'s 10-K filed March 4, 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
$705M
Institutions reporting
135
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
20 / 25

Top buyers and sellers, Q2 2026: 74 institutions bought and 65 sold ; the biggest buyer was Wellington Management Group LLP (+2.2M shares) and the biggest seller Emerald Advisers, LLC (−923K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Pamplona Capital Management, LLC $335M 51.8M 47.6% 0.0%
Wellington Management Group LLP $73.5M 11.4M 10.4% ▲ 24.0%
Ack Asset Management LLC $36.6M 5.7M 5.2% ▲ 9.7%
Keybank National Association $26.5M 4.1M 3.8% 0.0%
Dimensional Fund Advisors LP $24.5M 3.8M 3.5% ▲ 12.5%
Blackrock, Inc. $23.5M 3.6M 3.3% ▲ 11.3%
FMR LLC $21.6M 3.3M 3.1% ▼ 9.0%
Wasatch Advisors LP $16.3M 2.5M 2.3% ▼ 1.8%
Vanguard Capital Management LLC $14.5M 2.2M 2.1% ▼ 2.6%
Formula Growth Ltd $8.9M 1.4M 1.3% ▲ 9.6%
Geode Capital Management, LLC $8.7M 1.3M 1.2% ▲ 15.1%
Citadel Advisors LLC $8.4M 1.3M 1.2% ▲ 57.4%

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 Latham Group, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $315,745 2 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $315,745 net buying
Insider Date Trade Shares Price Value
Gloe Oliver C. CHIEF FINANCIAL OFFICER May 20, 2026 Buy 15,050 $4.90 $73,745
Cline James E Director May 19, 2026 Buy 50,000 $4.84 $242,000

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 November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • March 3, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Latham Group, 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.

Latham Group, Inc. in brief

What does Latham Group, Inc. do?
Latham Group, Inc. is a US-listed company in the building products industry. Its financial year ends in December.
What is Latham Group, Inc.'s stock ticker?
Latham Group, Inc. trades under the ticker SWIM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Latham Group, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Latham Group, Inc. reported revenue of $577M, 10.5% higher than a year earlier, according to its SEC filings.
What is Latham Group, Inc.'s free cash flow?
Latham Group, Inc.'s free-cash-flow margin is 8.5% of revenue over the trailing twelve months, ranking 26 of the 46 building products companies we cover.
Who are Latham Group, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Pamplona Capital Management, LLC, Wellington Management Group LLP and Ack Asset Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Latham Group, Inc.'s market cap?
On November 2, 2026, Latham Group, Inc.'s market capitalisation was about $896M, with a price-to-earnings ratio of 168.2 and net debt of $241M. Market figures come from third-party market data and may be delayed.
How much debt does Latham Group, Inc. have?
Latham Group, Inc.'s debt-to-equity ratio is 68.0%, from its latest balance sheet (74.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Latham Group, Inc.'s competitors?
In our Building Products peer group, the companies closest to Latham Group, Inc. are Nwpx Infrastructure, Inc., Caesarstone Ltd., Janus International Group, Inc., Hayward Holdings, Inc. and Trex Co Inc. The side-by-side comparison below sets their revenue, margins and growth against Latham Group, Inc.'s.
Are insiders buying or selling Latham Group, Inc. stock?
Over the last 12 months, Latham Group, Inc.'s directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Latham Group, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Latham Group, Inc. announces its own schedule.