SWIM (Latham Group, Inc.) Stock Financials & Earnings | Market Cap Arena

SWIM (Latham Group, Inc.) Stock Financials & Earnings | Market Cap Arena

SWIMLatham Group, Inc.

Mkt Cap$746M

Industrials·Construction·🇺🇸 United States·NASDAQ

Revenue (TTM)$546M

Net Income (TTM)$11M

EPS (TTM)$0.09

Free Cash Flow (TTM)$26M

Gross Margin33.4%

Op. Margin5.6%

Net Margin2.0%

FCF Margin4.8%

P/S Ratio (TTM)1.4x

P/E Ratio (TTM)67.1x

YoY Rev Growth+7.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$138M	$33M	-$6M
Q2 23	$177M	$50M	$13M
Q3 23	$161M	$48M	$18M
Q4 23	$91M	$21M	-$9M
Q1 24	$111M	$31M	-$2M
Q2 24	$160M	$53M	$20M
Q3 24	$150M	$49M	$13M
Q4 24	$87M	$21M	-$13M
Q1 25	$111M	$33M	-$5M
Q2 25	$173M	$64M	$25M
Q3 25	$162M	$57M	$22M
Q4 25	$100M	$28M	-$11M

Valuation

Quarter	P/S	P/E
Q1 23	1.2x	—
Q2 23	1.2x	—
Q3 23	1.3x	—
Q4 23	1.3x	—
Q1 24	1.4x	181.4x
Q2 24	1.4x	63.9x
Q3 24	1.5x	65.3x
Q4 24	1.5x	—
Q1 25	1.5x	—
Q2 25	1.4x	—
Q3 25	1.4x	—
Q4 25	1.4x	67.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$14M	-$24M
Q2 23	$51M	$37M
Q3 23	$52M	$47M
Q4 23	$28M	$23M
Q1 24	-$35M	-$40M
Q2 24	$52M	$48M
Q3 24	$37M	$33M
Q4 24	$6M	-$98K
Q1 25	-$47M	-$50M
Q2 25	$36M	$29M
Q3 25	$51M	$45M
Q4 25	$11M	$2M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$10M
Q2 23	$13M
Q3 23	$5M
Q4 23	$5M
Q1 24	$5M
Q2 24	$4M
Q3 24	$4M
Q4 24	$6M
Q1 25	$3M
Q2 25	$7M
Q3 25	$6M
Q4 25	$9M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-28.1%	-22.1%
Q2 23	-14.3%	-13.0%
Q3 23	-15.1%	-13.2%
Q4 23	-15.8%	-22.2%
Q1 24	-19.7%	-21.8%
Q2 24	-9.6%	-14.4%
Q3 24	-6.4%	-3.9%
Q4 24	-4.0%	+0.4%
Q1 25	+0.7%	+3.2%
Q2 25	+7.8%	+5.6%
Q3 25	+7.6%	+2.4%
Q4 25	+14.5%	+10.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	4.9%
Q2 23	$6M	3.3%
Q3 23	$2M	1.5%
Q4 23	$4M	4.3%
Q1 24	$1M	1.1%
Q2 24	$2M	1.3%
Q3 24	$2M	1.2%
Q4 24	$2M	2.5%
Q1 25	$2M	1.8%
Q2 25	$1M	0.8%
Q3 25	$2M	1.2%
Q4 25	$4M	3.9%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	—	—	$33M
Q2 23	—	—	$30M
Q3 23	—	—	$23M
Q4 23	—	—	$24M
Q1 24	—	—	$26M
Q2 24	—	—	$27M
Q3 24	—	—	$28M
Q4 24	$19M	$9M	—
Q1 25	—	—	$31M
Q2 25	—	—	$32M
Q3 25	—	—	$29M
Q4 25	—	—	$31M

Revenue Segments

Quarter	Covers	In-ground Swimming Pools	Liners	In-Ground Swimming Pools
Q1 23	$33M	$79M	$26M	—
Q2 23	$29M	$91M	$58M	—
Q3 23	$47M	$83M	$30M	—
Q1 24	$27M	$60M	$24M	—
Q2 24	$26M	—	$54M	$81M
Q3 24	$48M	—	$28M	$75M
Q1 25	$32M	—	$22M	$58M
Q2 25	$37M	—	$57M	$79M
Q3 25	$55M	—	$32M	$75M
Q4 25	$37M	—	$13M	$50M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$55M	$0	$55M
Q2 23	$43M	$0	$43M
Q3 23	$78M	$0	$78M
Q4 23	$103M	$0	$103M
Q1 24	$44M	$0	$44M
Q2 24	$91M	$0	$91M
Q3 24	$60M	$0	$60M
Q4 24	$56M	$0	$56M
Q1 25	$24M	$0	$24M
Q2 25	$27M	$0	$27M
Q3 25	$71M	$0	$71M
Q4 25	$71M	$0	$71M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	112M	-0.3%
Q2 23	113M	+0.5%
Q3 23	115M	+1.7%
Q4 23	115M	+0.1%
Q1 24	115M	+0.2%
Q2 24	117M	+1.7%
Q3 24	118M	+1.2%
Q4 24	115M	-2.5%
Q1 25	116M	+0.4%
Q2 25	119M	+3.0%
Q3 25	120M	+0.4%
Q4 25	117M	-2.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$264K	2K
FY 22	$317K	2K
FY 23	$322K	2K
FY 24	$280K	2K
FY 25	$295K	2K