Latham Group (SWIM) Financials

$5.95 -0.31 (-4.97%)

As of 03:49 PM Eastern

Annual Income Statements for Latham Group

This table shows Latham Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-18	-2.39	-5.69
Consolidated Net Income / (Loss)	-18	-2.39	-5.69
Net Income / (Loss) Continuing Operations	-18	-2.39	-5.69
Total Pre-Tax Income	-8.74	-10	14
Total Operating Income	18	16	30
Total Gross Profit	154	153	216
Total Revenue	509	566	696
Operating Revenue	509	566	696
Total Cost of Revenue	355	414	479
Operating Cost of Revenue	355	414	479
Total Operating Expenses	135	137	186
Selling, General & Admin Expense	108	110	147
Amortization Expense	27	27	28
Other Operating Expenses / (Income)	0.00	0.00	11
Total Other Income / (Expense), net	-27	-26	-16
Interest Expense	25	31	19
Interest & Investment Income	4.06	3.72	4.23
Other Income / (Expense), net	-6.24	1.00	-1.30
Income Tax Expense	9.12	-7.67	19
Basic Earnings per Share	($0.15)	($0.02)	($0.05)
Weighted Average Basic Shares Outstanding	115.43M	112.90M	113.25M
Diluted Earnings per Share	($0.15)	($0.02)	($0.05)
Weighted Average Diluted Shares Outstanding	115.43M	112.90M	113.25M
Weighted Average Basic & Diluted Shares Outstanding	115.78M	115.39M	114.68M

This table shows Latham Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	-29	5.90	13	-7.86	0.11	6.15	5.72	-14	-19	12
Consolidated Net Income / (Loss)	-29	5.90	13	-7.86	0.11	6.15	5.72	-14	-19	12
Net Income / (Loss) Continuing Operations	-29	5.90	13	-7.86	0.11	6.15	5.72	-14	-19	12
Total Pre-Tax Income	-21	5.85	14	-7.33	-16	13	11	-17	-25	21
Total Operating Income	-13	13	20	-2.07	-9.02	18	13	-6.32	-20	25
Total Gross Profit	21	49	53	31	21	48	50	33	19	59
Total Revenue	87	150	160	111	91	161	177	138	108	189
Operating Revenue	87	150	160	111	91	161	177	138	108	189
Total Cost of Revenue	66	102	107	80	70	113	127	104	89	131
Operating Cost of Revenue	66	102	107	80	70	113	127	104	89	131
Total Operating Expenses	34	35	33	33	30	30	37	40	40	34
Selling, General & Admin Expense	27	28	27	26	24	23	30	33	33	27
Amortization Expense	7.28	6.98	6.43	6.41	6.62	6.64	6.64	6.63	6.68	7.16
Total Other Income / (Expense), net	-6.65	-7.52	-6.29	-5.26	-7.15	-5.24	-2.79	-11	-4.61	-3.99
Interest Expense	4.69	9.16	6.01	4.98	9.65	5.98	4.49	11	6.56	4.26
Interest & Investment Income	1.28	0.94	0.53	1.31	1.26	1.77	0.66	0.04	1.64	1.33
Other Income / (Expense), net	-4.54	0.69	-0.80	-1.59	1.21	-1.03	1.04	-0.21	0.31	-1.05
Income Tax Expense	8.19	-0.04	0.44	0.53	-16	6.69	4.88	-2.93	-5.98	9.11
Basic Earnings per Share	($0.25)	$0.05	$0.12	($0.07)	$0.01	$0.05	$0.05	($0.13)	($0.17)	$0.10
Weighted Average Basic Shares Outstanding	115.43M	115.56M	115.47M	115.04M	112.90M	113.54M	112.25M	112.10M	113.25M	113.17M
Diluted Earnings per Share	($0.24)	$0.05	$0.11	($0.07)	$0.01	$0.05	$0.05	($0.13)	($0.17)	$0.10
Weighted Average Diluted Shares Outstanding	115.43M	118.45M	117.02M	115.04M	112.90M	114.66M	112.69M	112.10M	113.25M	113.20M
Weighted Average Basic & Diluted Shares Outstanding	115.78M	115.62M	115.58M	115.57M	115.39M	114.76M	114.84M	114.79M	114.68M	117.12M

This table details how cash moves in and out of Latham Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-46	70	-11
Net Cash From Operating Activities	61	116	32
Net Cash From Continuing Operating Activities	61	116	32
Net Income / (Loss) Continuing Operations	-18	-2.39	-5.69
Consolidated Net Income / (Loss)	-18	-2.39	-5.69
Depreciation Expense	44	41	38
Amortization Expense	1.72	1.72	1.57
Non-Cash Adjustments To Reconcile Net Income	25	29	77
Changes in Operating Assets and Liabilities, net	8.04	47	-79
Net Cash From Investing Activities	-85	-32	-45
Net Cash From Continuing Investing Activities	-85	-32	-45
Purchase of Property, Plant & Equipment	-20	-33	-40
Acquisitions	-65	0.00	-5.36
Sale of Property, Plant & Equipment	0.00	0.00	0.02
Divestitures	0.00	0.00	0.00
Other Investing Activities, net	0.00	1.46	0.00
Net Cash From Financing Activities	-22	-14	3.78
Net Cash From Continuing Financing Activities	-22	-14	3.78
Repayment of Debt	-22	-14	-293
Repurchase of Common Equity	0.00	0.00	-281
Issuance of Debt	0.00	0.00	320
Issuance of Common Equity	0.00	0.00	258
Effect of Exchange Rate Changes	-1.01	-0.63	-2.39
Cash Interest Paid	25	26	13
Cash Income Taxes Paid	15	6.99	20

This table details how cash moves in and out of Latham Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-3.46	-31	47	-59	25	35	-12	22	2.01	5.40
Net Cash From Operating Activities	6.16	37	52	-35	28	52	51	-14	27	20
Net Cash From Continuing Operating Activities	6.16	37	52	-35	28	52	51	-14	27	20
Net Income / (Loss) Continuing Operations	-29	5.90	13	-7.86	0.11	6.15	5.72	-14	-19	12
Consolidated Net Income / (Loss)	-29	5.90	13	-7.86	0.11	6.15	5.72	-14	-19	12
Depreciation Expense	12	11	11	10	11	11	10	9.26	9.34	9.56
Amortization Expense	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.43
Non-Cash Adjustments To Reconcile Net Income	10	3.61	5.24	5.68	3.82	4.51	9.96	11	11	13
Changes in Operating Assets and Liabilities, net	12	16	23	-43	13	30	25	-21	25	-14
Net Cash From Investing Activities	-6.74	-68	-4.49	-5.35	-3.45	-4.91	-13	-9.94	-16	-12
Net Cash From Continuing Investing Activities	-6.74	-68	-4.49	-5.35	-3.45	-4.91	-13	-9.94	-16	-12
Purchase of Property, Plant & Equipment	-6.26	-4.03	-4.49	-5.35	-4.92	-4.91	-13	-9.94	-11	-12
Acquisitions	-0.48	-	-	0.00	-	-	-	-	-4.97	-
Net Cash From Financing Activities	-1.82	-0.19	-1.00	-19	-1.00	-11	-49	47	-8.85	-0.81
Net Cash From Continuing Financing Activities	-1.82	-0.19	-1.00	-19	-1.00	-11	-49	47	-8.85	-0.81
Repayment of Debt	-1.82	-0.19	-1.00	-19	47	-11	-49	-0.91	24	-0.81
Effect of Exchange Rate Changes	-1.06	0.12	0.03	-0.09	0.86	-0.94	-0.27	-0.28	-0.56	-1.86
Cash Interest Paid	4.41	4.35	6.62	9.51	7.21	7.29	6.12	5.12	3.86	3.68
Cash Income Taxes Paid	6.56	6.34	2.54	0.04	4.00	1.78	0.57	0.64	0.31	6.65

This table presents Latham Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	794	835	870
Total Current Assets	178	239	255
Cash & Equivalents	56	103	33
Accounts Receivable	32	30	49
Inventories, net	77	97	165
Prepaid Expenses	8.54	7.33	6.00
Current Deferred & Refundable Income Taxes	3.96	0.98	2.32
Plant, Property, & Equipment, net	113	113	98
Total Noncurrent Assets	503	483	516
Long-Term Investments	25	26	25
Goodwill	153	131	131
Intangible Assets	293	283	309
Noncurrent Deferred & Refundable Income Taxes	0.73	7.49	7.76
Other Noncurrent Operating Assets	32	36	43
Total Liabilities & Shareholders' Equity	794	835	870
Total Liabilities	407	436	487
Total Current Liabilities	71	86	87
Short-Term Debt	3.25	21	3.25
Accounts Payable	13	17	26
Other Current Liabilities	55	48	58
Total Noncurrent Liabilities	336	350	400
Long-Term Debt	278	280	310
Noncurrent Deferred & Payable Income Tax Liabilities	32	40	57
Other Noncurrent Operating Liabilities	25	30	33
Total Equity & Noncontrolling Interests	387	399	383
Total Preferred & Common Equity	387	399	383
Preferred Stock	0.00	0.00	0.00
Total Common Equity	387	399	383
Common Stock	467	460	441
Retained Earnings	-75	-57	-55
Accumulated Other Comprehensive Income / (Loss)	-5.05	-3.54	-3.53
Other Equity Adjustments	0.00	0.00	0.00

This table presents Latham Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	10/1/2022
Total Assets	853	830	809	865	871	930	921
Total Current Assets	218	251	221	264	262	319	314
Cash & Equivalents	60	91	44	78	43	55	31
Accounts Receivable	66	66	74	72	82	102	103
Inventories, net	75	84	95	103	127	150	166
Prepaid Expenses	9.37	9.43	7.00	5.97	6.91	6.58	8.11
Current Deferred & Refundable Income Taxes	7.54	1.65	1.41	3.86	3.73	5.13	6.09
Plant, Property, & Equipment, net	115	113	113	110	111	105	84
Total Noncurrent Assets	521	466	475	492	498	506	522
Long-Term Investments	25	25	26	25	26	25	26
Goodwill	153	131	131	131	131	131	128
Intangible Assets	301	270	276	289	296	302	315
Noncurrent Deferred & Refundable Income Taxes	8.24	7.97	7.31	7.87	6.60	7.87	7.81
Other Noncurrent Operating Assets	33	32	34	39	39	39	45
Total Liabilities & Shareholders' Equity	853	830	809	865	871	930	921
Total Liabilities	437	422	417	473	485	555	522
Total Current Liabilities	89	78	71	87	88	106	116
Short-Term Debt	3.25	3.25	3.25	3.25	3.25	3.25	3.25
Accounts Payable	28	27	25	27	35	49	42
Other Current Liabilities	58	48	43	56	50	54	6.49
Total Noncurrent Liabilities	347	344	346	386	397	448	407
Long-Term Debt	280	279	280	298	309	357	310
Noncurrent Deferred & Payable Income Tax Liabilities	40	40	40	58	58	57	62
Other Noncurrent Operating Liabilities	28	25	26	30	31	34	34
Total Equity & Noncontrolling Interests	417	408	392	393	386	375	398
Total Preferred & Common Equity	417	408	392	393	386	375	398
Preferred Stock	0.00	0.00	0.00	0.00	-	-	0.00
Total Common Equity	417	408	392	393	386	375	398
Common Stock	465	463	461	456	453	448	439
Retained Earnings	-46	-52	-65	-57	-63	-69	-36
Accumulated Other Comprehensive Income / (Loss)	-2.59	-3.37	-4.35	-6.01	-4.01	-3.68	-5.14
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Latham Group's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-10.23%	-18.58%	10.35%
EBITDA Growth	-2.35%	-12.93%	833.89%
EBIT Growth	-29.73%	-40.32%	191.67%
NOPAT Growth	13.32%	190.66%	50.83%
Net Income Growth	-647.91%	58.06%	90.87%
EPS Growth	-650.00%	60.00%	91.07%
Operating Cash Flow Growth	-47.32%	260.18%	-4.10%
Free Cash Flow Firm Growth	-103.82%	192.68%	51.82%
Invested Capital Growth	2.76%	-10.39%	12.57%
Revenue Q/Q Growth	-0.70%	-2.92%	-4.26%
EBITDA Q/Q Growth	-12.83%	30.44%	-12.16%
EBIT Q/Q Growth	-44.76%	253.40%	-26.21%
NOPAT Q/Q Growth	-17.98%	240.27%	-209.92%
Net Income Q/Q Growth	-256.35%	88.91%	-177.45%
EPS Q/Q Growth	-250.00%	90.00%	-162.50%
Operating Cash Flow Q/Q Growth	-26.49%	1.02%	240.09%
Free Cash Flow Firm Q/Q Growth	60.70%	15.55%	55.16%
Invested Capital Q/Q Growth	-4.34%	-3.26%	-2.57%
Profitability Metrics	-	-	-
Gross Margin	30.23%	27.00%	31.11%
EBITDA Margin	11.45%	10.52%	9.84%
Operating Margin	3.59%	2.85%	4.31%
EBIT Margin	2.37%	3.02%	4.13%
Profit (Net Income) Margin	-3.51%	-0.42%	-0.82%
Tax Burden Percent	204.35%	23.74%	-41.50%
Interest Burden Percent	-72.59%	-58.72%	47.79%
Effective Tax Rate	0.00%	0.00%	141.50%
Return on Invested Capital (ROIC)	2.21%	1.87%	-2.07%
ROIC Less NNEP Spread (ROIC-NNEP)	-14.24%	-4.53%	0.82%
Return on Net Nonoperating Assets (RNNOA)	-6.75%	-2.48%	0.52%
Return on Equity (ROE)	-4.54%	-0.61%	-1.55%
Cash Return on Invested Capital (CROIC)	-0.51%	12.82%	-13.89%
Operating Return on Assets (OROA)	1.48%	2.01%	3.45%
Return on Assets (ROA)	-2.19%	-0.28%	-0.68%
Return on Common Equity (ROCE)	-4.54%	-0.61%	-1.55%
Return on Equity Simple (ROE_SIMPLE)	-4.61%	-0.60%	-1.49%
Net Operating Profit after Tax (NOPAT)	13	11	-12
NOPAT Margin	2.52%	1.99%	-1.79%
Net Nonoperating Expense Percent (NNEP)	16.45%	6.40%	-2.89%
Return On Investment Capital (ROIC_SIMPLE)	1.91%	1.61%	-1.79%
Cost of Revenue to Revenue	69.77%	73.00%	68.89%
SG&A Expenses to Revenue	21.31%	19.47%	21.11%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.64%	24.15%	26.80%
Earnings before Interest and Taxes (EBIT)	12	17	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	58	60	68
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.08	0.76	0.99
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.58	0.53	0.54
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.71	0.83	0.99
Enterprise Value to Revenue (EV/Rev)	1.98	0.84	0.91
Enterprise Value to EBITDA (EV/EBITDA)	17.27	7.96	9.24
Enterprise Value to EBIT (EV/EBIT)	83.47	27.68	22.02
Enterprise Value to NOPAT (EV/NOPAT)	78.55	42.01	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.39	4.08	19.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.12	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.73	0.75	0.82
Long-Term Debt to Equity	0.72	0.70	0.81
Financial Leverage	0.47	0.55	0.64
Leverage Ratio	2.07	2.18	2.26
Compound Leverage Factor	-1.50	-1.28	1.08
Debt to Total Capital	42.10%	43.00%	44.98%
Short-Term Debt to Total Capital	0.49%	3.03%	0.47%
Long-Term Debt to Total Capital	41.61%	39.97%	44.51%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.90%	57.00%	55.02%
Debt to EBITDA	4.84	5.05	4.57
Net Debt to EBITDA	3.44	2.89	3.73
Long-Term Debt to EBITDA	4.78	4.70	4.52
Debt to NOPAT	22.00	26.68	-25.12
Net Debt to NOPAT	15.65	15.28	-20.49
Long-Term Debt to NOPAT	21.75	24.80	-24.86
Altman Z-Score	1.91	1.29	1.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.51	2.77	2.94
Quick Ratio	1.25	1.54	0.94
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-2.96	78	-84
Operating Cash Flow to CapEx	304.77%	350.63%	81.47%
Free Cash Flow to Firm to Interest Expense	-0.12	2.51	-4.35
Operating Cash Flow to Interest Expense	2.47	3.76	1.68
Operating Cash Flow Less CapEx to Interest Expense	1.66	2.69	-0.38
Efficiency Ratios	-	-	-
Asset Turnover	0.62	0.66	0.84
Accounts Receivable Turnover	16.22	14.30	12.70
Inventory Turnover	4.07	3.15	3.49
Fixed Asset Turnover	4.50	5.36	8.61
Accounts Payable Turnover	23.44	19.26	14.83
Days Sales Outstanding (DSO)	22.50	25.53	28.75
Days Inventory Outstanding (DIO)	89.63	115.78	104.63
Days Payable Outstanding (DPO)	15.57	18.95	24.62
Cash Conversion Cycle (CCC)	96.56	122.36	108.76
Capital & Investment Metrics	-	-	-
Invested Capital	587	572	638
Invested Capital Turnover	0.88	0.94	1.16
Increase / (Decrease) in Invested Capital	16	-66	71
Enterprise Value (EV)	1,005	474	632
Market Capitalization	805	302	377
Book Value per Share	$3.35	$3.48	$3.27
Tangible Book Value per Share	($0.50)	($0.13)	($0.49)
Total Capital	669	700	696
Total Debt	282	301	313
Total Long-Term Debt	278	280	310
Net Debt	200	172	255
Capital Expenditures (CapEx)	20	33	40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	71	139
Debt-free Net Working Capital (DFNWC)	111	174	171
Net Working Capital (NWC)	107	152	168
Net Nonoperating Expense (NNE)	31	14	-6.76
Net Nonoperating Obligations (NNO)	200	172	255
Total Depreciation and Amortization (D&A)	46	42	40
Debt-free, Cash-free Net Working Capital to Revenue	10.65%	12.52%	19.95%
Debt-free Net Working Capital to Revenue	21.74%	30.66%	24.63%
Net Working Capital to Revenue	21.10%	26.90%	24.17%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.15)	($0.02)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	115.43M	112.90M	113.25M
Adjusted Diluted Earnings per Share	($0.15)	($0.02)	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	115.43M	112.90M	113.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	115.78M	115.39M	114.68M
Normalized Net Operating Profit after Tax (NOPAT)	13	11	21
Normalized NOPAT Margin	2.52%	1.99%	3.02%
Pre Tax Income Margin	-1.72%	-1.78%	1.97%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.48	0.55	1.49
NOPAT to Interest Expense	0.52	0.37	-0.65
EBIT Less CapEx to Interest Expense	-0.33	-0.52	-0.57
NOPAT Less CapEx to Interest Expense	-0.29	-0.71	-2.71
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-4,929.77%

This table displays calculated financial ratios and metrics derived from Latham Group's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.96%	-6.40%	-9.60%	-19.67%	-15.80%	-15.11%	-14.35%	-28.13%	-22.28%	16.94%
EBITDA Growth	-238.93%	-7.72%	21.48%	126.18%	134.73%	-17.50%	-10.95%	-81.34%	-1,117.57%	313.55%
EBIT Growth	-124.90%	-17.50%	33.12%	43.96%	61.13%	-28.73%	-18.64%	-191.25%	-102.97%	85,528.57%
NOPAT Growth	-44.42%	55.46%	168.19%	67.19%	55.80%	-38.69%	37.53%	43.49%	-87.69%	886.79%
Net Income Growth	-26,145.54%	-4.18%	132.35%	45.27%	100.59%	-48.19%	32.81%	-405.92%	-217.91%	205.13%
EPS Growth	-2,500.00%	0.00%	120.00%	46.15%	105.88%	-50.00%	25.00%	-550.00%	-325.00%	200.00%
Operating Cash Flow Growth	-78.20%	-28.16%	3.27%	-138.41%	4.33%	155.06%	19.78%	74.81%	534.92%	32.93%
Free Cash Flow Firm Growth	-141.50%	-113.34%	212.06%	2,517.32%	170.11%	139.42%	112.80%	100.98%	45.17%	59.92%
Invested Capital Growth	2.76%	3.91%	-8.66%	-7.78%	-10.39%	-9.74%	-2.55%	-0.95%	12.57%	43.33%
Revenue Q/Q Growth	-42.01%	-6.01%	44.74%	21.75%	-43.48%	-9.23%	28.62%	27.61%	-43.02%	-8.41%
EBITDA Q/Q Growth	-119.30%	-14.58%	323.02%	99.25%	-87.18%	12.45%	687.62%	130.60%	-130.45%	21.38%
EBIT Q/Q Growth	-224.91%	-26.76%	624.79%	53.16%	-145.82%	18.18%	320.94%	67.51%	-184.01%	34.91%
NOPAT Q/Q Growth	-167.70%	-30.43%	1,434.27%	77.02%	-172.87%	20.01%	263.21%	69.04%	-201.09%	169.23%
Net Income Q/Q Growth	-594.76%	-55.60%	268.86%	-7,121.43%	-98.18%	7.66%	139.78%	24.51%	-260.26%	175.99%
EPS Q/Q Growth	-580.00%	-54.55%	257.14%	-800.00%	-80.00%	0.00%	138.46%	23.53%	-270.00%	150.00%
Operating Cash Flow Q/Q Growth	-83.47%	-28.96%	251.90%	-222.18%	-45.51%	2.11%	450.68%	-153.47%	33.22%	-52.05%
Free Cash Flow Firm Q/Q Growth	-157.32%	-113.08%	49.23%	-17.39%	-17.28%	206.01%	1,151.65%	102.21%	53.48%	0.60%
Invested Capital Q/Q Growth	-4.34%	6.84%	-4.90%	5.72%	-3.26%	-6.10%	-3.97%	2.73%	-2.57%	1.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.57%	32.35%	33.11%	27.65%	23.33%	29.95%	28.36%	24.23%	17.91%	31.09%
EBITDA Margin	-5.71%	17.16%	18.88%	6.46%	3.95%	17.40%	14.05%	2.29%	-9.57%	17.90%
Operating Margin	-14.93%	8.88%	12.49%	-1.87%	-9.93%	11.24%	7.56%	-4.59%	-18.91%	13.18%
EBIT Margin	-20.13%	9.35%	11.99%	-3.31%	-8.60%	10.60%	8.14%	-4.74%	-18.62%	12.63%
Profit (Net Income) Margin	-33.43%	3.92%	8.29%	-7.11%	0.12%	3.83%	3.23%	-10.43%	-17.64%	6.27%
Tax Burden Percent	139.03%	100.73%	96.78%	107.26%	-0.69%	47.92%	53.92%	83.07%	76.08%	56.59%
Interest Burden Percent	119.44%	41.62%	71.46%	200.38%	207.43%	75.31%	73.48%	264.91%	124.49%	87.73%
Effective Tax Rate	0.00%	-0.73%	3.22%	0.00%	0.00%	52.08%	46.08%	0.00%	0.00%	43.41%
Return on Invested Capital (ROIC)	-9.17%	7.61%	10.49%	-1.12%	-6.51%	5.05%	3.91%	-3.13%	-15.29%	9.76%
ROIC Less NNEP Spread (ROIC-NNEP)	-19.93%	3.78%	7.52%	-3.73%	-3.50%	3.94%	3.32%	-6.67%	-17.32%	8.56%
Return on Net Nonoperating Assets (RNNOA)	-9.44%	1.85%	3.88%	-2.39%	-1.92%	2.27%	2.19%	-4.96%	-11.01%	4.41%
Return on Equity (ROE)	-18.61%	9.45%	14.37%	-3.52%	-8.42%	7.32%	6.11%	-8.09%	-26.30%	14.17%
Cash Return on Invested Capital (CROIC)	-0.51%	-1.25%	26.36%	10.36%	12.82%	10.77%	3.86%	2.75%	-13.89%	-33.57%
Operating Return on Assets (OROA)	-12.57%	5.57%	7.37%	-2.05%	-5.71%	6.93%	5.60%	-3.30%	-15.57%	11.10%
Return on Assets (ROA)	-20.87%	2.33%	5.09%	-4.41%	0.08%	2.50%	2.22%	-7.26%	-14.75%	5.51%
Return on Common Equity (ROCE)	-18.61%	9.45%	14.37%	-3.52%	-8.42%	7.32%	6.11%	-8.09%	-26.30%	14.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.74%	2.86%	1.05%	0.00%	-5.48%	-4.09%	-4.59%	0.00%	1.85%
Net Operating Profit after Tax (NOPAT)	-9.12	13	19	-1.45	-6.31	8.66	7.22	-4.42	-14	14
NOPAT Margin	-10.45%	8.95%	12.09%	-1.31%	-6.95%	5.39%	4.08%	-3.21%	-13.24%	7.46%
Net Nonoperating Expense Percent (NNEP)	10.76%	3.83%	2.97%	2.60%	-3.01%	1.10%	0.59%	3.54%	2.03%	1.19%
Return On Investment Capital (ROIC_SIMPLE)	-1.36%	-	-	-	-0.90%	-	-	-	-2.05%	-
Cost of Revenue to Revenue	75.43%	67.65%	66.89%	72.35%	76.67%	70.06%	71.64%	75.77%	82.09%	68.91%
SG&A Expenses to Revenue	31.16%	18.83%	16.60%	23.73%	25.97%	14.57%	17.05%	24.00%	30.64%	14.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.50%	23.47%	20.62%	29.52%	33.25%	18.70%	20.80%	28.82%	36.82%	17.90%
Earnings before Interest and Taxes (EBIT)	-18	14	19	-3.66	-7.81	17	14	-6.53	-20	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.98	26	30	7.15	3.59	28	25	3.16	-10	34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.08	1.87	0.86	1.17	0.76	0.82	1.10	0.87	0.99	1.06
Price to Tangible Book Value (P/TBV)	0.00	0.00	48.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.58	1.52	0.67	0.85	0.53	0.55	0.70	0.51	0.54	0.58
Price to Earnings (P/E)	0.00	68.19	29.98	111.01	0.00	0.00	0.00	0.00	0.00	57.19
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.47%	3.34%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	1.75%
Enterprise Value to Invested Capital (EV/IC)	1.71	1.59	0.90	1.11	0.83	0.88	1.06	0.93	0.99	1.03
Enterprise Value to Revenue (EV/Rev)	1.98	1.91	0.99	1.24	0.84	0.89	1.09	0.95	0.91	0.93
Enterprise Value to EBITDA (EV/EBITDA)	17.27	14.62	7.50	10.53	7.96	11.38	12.96	11.12	9.24	8.69
Enterprise Value to EBIT (EV/EBIT)	83.47	44.80	20.86	33.47	27.68	107.23	57.08	40.49	22.02	17.41
Enterprise Value to NOPAT (EV/NOPAT)	78.55	62.60	4.96	46.95	42.01	156.67	82.16	51.45	0.00	59.77
Enterprise Value to Operating Cash Flow (EV/OCF)	16.39	11.71	5.27	6.95	4.08	4.51	7.99	8.08	19.57	71.28
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	3.26	10.27	6.12	7.75	27.19	33.54	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.68	0.69	0.72	0.75	0.77	0.81	0.96	0.82	0.79
Long-Term Debt to Equity	0.72	0.67	0.68	0.71	0.70	0.76	0.80	0.95	0.81	0.78
Financial Leverage	0.47	0.49	0.52	0.64	0.55	0.58	0.66	0.74	0.64	0.52
Leverage Ratio	2.07	2.12	2.14	2.27	2.18	2.26	2.32	2.44	2.26	2.26
Compound Leverage Factor	2.47	0.88	1.53	4.54	4.52	1.70	1.70	6.47	2.81	1.98
Debt to Total Capital	42.10%	40.43%	40.89%	41.92%	43.00%	43.44%	44.69%	49.01%	44.98%	44.04%
Short-Term Debt to Total Capital	0.49%	0.46%	0.47%	0.48%	3.03%	0.47%	0.47%	0.44%	0.47%	0.46%
Long-Term Debt to Total Capital	41.61%	39.96%	40.42%	41.44%	39.97%	42.97%	44.22%	48.57%	44.51%	43.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.90%	59.57%	59.11%	58.08%	57.00%	56.56%	55.31%	50.99%	55.02%	55.96%
Debt to EBITDA	4.84	4.23	4.10	4.45	5.05	6.60	6.04	6.59	4.57	4.02
Net Debt to EBITDA	3.44	2.96	2.42	3.34	2.89	4.34	4.71	5.13	3.73	3.29
Long-Term Debt to EBITDA	4.78	4.19	4.05	4.40	4.70	6.53	5.98	6.53	4.52	3.98
Debt to NOPAT	22.00	18.13	2.71	19.83	26.68	90.90	38.32	30.49	-25.12	27.65
Net Debt to NOPAT	15.65	12.66	1.60	14.91	15.28	59.76	29.86	23.71	-20.49	22.66
Long-Term Debt to NOPAT	21.75	17.92	2.68	19.60	24.80	89.93	37.92	30.21	-24.86	27.37
Altman Z-Score	1.78	1.83	1.37	1.42	1.19	1.30	1.42	1.19	1.33	1.56
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.51	2.44	3.22	3.12	2.77	3.03	2.98	3.00	2.94	2.71
Quick Ratio	1.25	1.41	2.00	1.66	1.54	1.73	1.42	1.48	0.94	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-25	-9.67	74	50	60	72	24	1.89	-85	-184
Operating Cash Flow to CapEx	98.43%	924.50%	1,168.07%	-645.69%	574.57%	1,056.11%	378.19%	-145.60%	253.45%	165.88%
Free Cash Flow to Firm to Interest Expense	-5.30	-1.06	12.29	9.94	6.21	12.12	5.28	0.18	-13.03	-43.11
Operating Cash Flow to Interest Expense	1.31	4.07	8.72	-6.93	2.93	8.67	11.32	-1.34	4.13	4.77
Operating Cash Flow Less CapEx to Interest Expense	-0.02	3.63	7.97	-8.00	2.42	7.85	8.32	-2.26	2.50	1.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.60	0.61	0.62	0.66	0.65	0.69	0.70	0.84	0.88
Accounts Receivable Turnover	16.22	7.39	7.08	6.12	14.30	6.65	6.56	5.32	12.70	8.15
Inventory Turnover	4.07	4.03	3.52	3.18	3.15	3.21	3.12	3.19	3.49	3.94
Fixed Asset Turnover	4.50	4.55	4.67	4.95	5.36	6.00	6.58	7.42	8.61	10.17
Accounts Payable Turnover	23.44	12.87	12.04	10.49	19.26	12.44	10.06	8.73	14.83	11.73
Days Sales Outstanding (DSO)	22.50	49.37	51.59	59.66	25.53	54.85	55.60	68.64	28.75	44.78
Days Inventory Outstanding (DIO)	89.63	90.67	103.83	114.73	115.78	113.79	116.88	114.24	104.63	92.58
Days Payable Outstanding (DPO)	15.57	28.37	30.33	34.80	18.95	29.33	36.29	41.79	24.62	31.12
Cash Conversion Cycle (CCC)	96.56	111.67	125.09	139.59	122.36	139.32	136.19	141.09	108.76	106.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	587	614	575	604	572	591	629	655	638	655
Invested Capital Turnover	0.88	0.85	0.87	0.86	0.94	0.94	0.96	0.97	1.16	1.31
Increase / (Decrease) in Invested Capital	16	23	-55	-51	-66	-64	-16	-6.32	71	198
Enterprise Value (EV)	1,005	976	517	670	474	520	669	608	632	677
Market Capitalization	805	779	350	457	302	322	426	328	377	420
Book Value per Share	$3.35	$3.60	$3.53	$3.40	$3.48	$3.42	$3.36	$3.27	$3.27	$3.40
Tangible Book Value per Share	($0.50)	($0.33)	$0.06	($0.13)	($0.13)	($0.23)	($0.35)	($0.51)	($0.49)	($0.39)
Total Capital	669	699	690	675	700	694	698	736	696	711
Total Debt	282	283	282	283	301	302	312	360	313	313
Total Long-Term Debt	278	280	279	280	280	298	309	357	310	310
Net Debt	200	197	167	213	172	198	243	280	255	257
Capital Expenditures (CapEx)	6.26	4.03	4.49	5.35	4.92	4.91	13	9.94	11	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	72	86	110	71	102	134	161	139	171
Debt-free Net Working Capital (DFNWC)	111	132	176	154	174	180	177	216	171	202
Net Working Capital (NWC)	107	128	173	150	152	177	174	212	168	198
Net Nonoperating Expense (NNE)	20	7.57	6.08	6.41	-6.43	2.51	1.50	9.94	4.75	2.26
Net Nonoperating Obligations (NNO)	200	197	167	213	172	198	243	280	255	257
Total Depreciation and Amortization (D&A)	13	12	11	11	11	11	10	9.69	9.77	9.99
Debt-free, Cash-free Net Working Capital to Revenue	10.65%	14.03%	16.41%	20.37%	12.52%	17.44%	21.95%	25.02%	19.95%	23.52%
Debt-free Net Working Capital to Revenue	21.74%	25.72%	33.79%	28.49%	30.66%	30.83%	28.99%	33.59%	24.63%	27.74%
Net Working Capital to Revenue	21.10%	25.08%	33.16%	27.89%	26.90%	30.27%	28.46%	33.09%	24.17%	27.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	$0.05	$0.12	($0.07)	$0.01	$0.05	$0.05	($0.13)	($0.17)	$0.10
Adjusted Weighted Average Basic Shares Outstanding	115.43M	115.56M	115.47M	115.04M	112.90M	113.54M	112.25M	112.10M	113.25M	113.17M
Adjusted Diluted Earnings per Share	($0.24)	$0.05	$0.11	($0.07)	$0.01	$0.05	$0.05	($0.13)	($0.17)	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	115.43M	118.45M	117.02M	115.04M	112.90M	114.66M	112.69M	112.10M	113.25M	113.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	115.78M	115.62M	115.58M	115.57M	115.39M	114.76M	114.84M	114.79M	114.68M	117.12M
Normalized Net Operating Profit after Tax (NOPAT)	-9.12	9.36	19	-1.45	-6.31	13	7.22	-4.42	-14	14
Normalized NOPAT Margin	-10.45%	6.22%	12.09%	-1.31%	-6.95%	7.87%	4.08%	-3.21%	-13.24%	7.46%
Pre Tax Income Margin	-24.04%	3.89%	8.57%	-6.63%	-17.83%	7.99%	5.98%	-12.56%	-23.18%	11.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.75	1.54	3.19	-0.73	-0.81	2.85	3.22	-0.60	-3.06	5.61
NOPAT to Interest Expense	-1.94	1.47	3.22	-0.29	-0.65	1.45	1.61	-0.41	-2.18	3.31
EBIT Less CapEx to Interest Expense	-5.08	1.10	2.45	-1.81	-1.32	2.03	0.22	-1.52	-4.69	2.74
NOPAT Less CapEx to Interest Expense	-3.28	1.03	2.47	-1.36	-1.16	0.63	-1.38	-1.33	-3.81	0.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4,929.77%	3,708.69%

Frequently Asked Questions About Latham Group's Financials

When does Latham Group's financial year end?

According to the most recent income statement we have on file, Latham Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Latham Group's net income changed over the last 2 years?

Latham Group's net income appears to be on an upward trend, with a most recent value of -$17.86 million in 2024, rising from -$5.69 million in 2022. The previous period was -$2.39 million in 2023. Find out what analysts predict for Latham Group in the coming months.

What is Latham Group's operating income?

Latham Group's total operating income in 2024 was $18.28 million, based on the following breakdown:

Total Gross Profit: $153.74 million
Total Operating Expenses: $135.47 million

How has Latham Group revenue changed over the last 2 years?

Over the last 2 years, Latham Group's total revenue changed from $695.74 million in 2022 to $508.52 million in 2024, a change of -26.9%.

How much debt does Latham Group have?

Latham Group's total liabilities were at $406.99 million at the end of 2024, a 6.6% decrease from 2023, and a 16.4% decrease since 2022.

How much cash does Latham Group have?

In the past 2 years, Latham Group's cash and equivalents has ranged from $32.63 million in 2022 to $102.76 million in 2023, and is currently $56.40 million as of their latest financial filing in 2024.

How has Latham Group's book value per share changed over the last 2 years?

Over the last 2 years, Latham Group's book value per share changed from 3.27 in 2022 to 3.35 in 2024, a change of 2.5%.

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This page (NASDAQ:SWIM) was last updated on 5/21/2025 by MarketBeat.com Staff

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Latham Group (SWIM) Financials

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Latham Group (SWIM) Financials

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