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Latham Group (SWIM) Financials

Latham Group logo
$4.73 -0.05 (-1.00%)
As of 09:35 AM Eastern
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Annual Income Statements for Latham Group

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 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 7.46 16 -62 -5.69 -2.39 -18 11
Consolidated Net Income / (Loss)		 7.46 16 -62 -5.69 -2.39 -18 11
Net Income / (Loss) Continuing Operations		 7.46 16 -62 -5.69 -2.39 -18 11
Total Pre-Tax Income 		2.79 23 -54 14 -10 -8.74 13
Total Operating Income		 25 40 -36 30 16 18 31
Total Gross Profit		 98 143 204 216 153 154 182
Total Revenue		 318 403 630 696 566 509 546
Operating Revenue		 318 403 630 696 566 509 546
Total Cost of Revenue		 220 261 426 479 414 355 364
Operating Cost of Revenue		 220 261 426 479 414 355 364
Total Operating Expenses		 73 103 240 186 137 135 152
Selling, General & Admin Expense		 57 86 218 147 110 108 123
Amortization Expense		 16 17 23 28 27 27 29
Total Other Income / (Expense), net		 -22 -17 -17 -16 -30 -31 -22
Interest Expense		 23 18 24 19 31 25 26
Interest & Investment Income		 0.00 0.00 2.22 4.23 3.72 4.06 5.22
Other Income / (Expense), net		 0.30 1.11 4.86 -1.30 1.00 -6.24 3.49
Income Tax Expense		 -4.67 6.78 8.82 19 -7.67 9.12 2.36
Basic Earnings per Share		 $0.08 $0.16 ($0.56) ($0.05) ($0.02) ($0.15) $0.10
Weighted Average Basic Shares Outstanding		 95.03M 101.61M 110.64M 113.25M 112.90M 115.43M 116.42M
Diluted Earnings per Share		 $0.08 $0.16 ($0.56) ($0.05) ($0.02) ($0.15) $0.09
Weighted Average Diluted Shares Outstanding		 95.40M 102.60M 110.64M 113.25M 112.90M 115.43M 119.82M
Weighted Average Basic & Diluted Shares Outstanding		 - - 119.52M 114.68M 115.39M 115.78M 116.77M

Quarterly Income Statements for Latham Group

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/1/2023 9/30/2023 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 5.72 6.15 0.11 -7.86 13 5.90 -29 -5.96 16 8.12 -7.01
Consolidated Net Income / (Loss)		 5.72 6.15 0.11 -7.86 13 5.90 -29 -5.96 16 8.12 -7.01
Net Income / (Loss) Continuing Operations		 5.72 6.15 0.11 -7.86 13 5.90 -29 -5.96 16 8.12 -7.01
Total Pre-Tax Income 		11 13 -16 -7.33 14 5.85 -21 -10 21 16 -13
Total Operating Income		 13 18 -9.02 -2.07 20 13 -13 -4.93 25 22 -11
Total Gross Profit		 50 48 21 31 53 49 21 33 64 57 28
Total Revenue		 177 161 91 111 160 150 87 111 173 162 100
Operating Revenue		 177 161 91 111 160 150 87 111 173 162 100
Total Cost of Revenue		 127 113 70 80 107 102 66 79 109 105 72
Operating Cost of Revenue		 127 113 70 80 107 102 66 79 109 105 72
Total Operating Expenses		 37 30 30 33 33 35 34 38 39 36 39
Selling, General & Admin Expense		 30 23 24 26 27 28 27 31 32 29 31
Amortization Expense		 6.64 6.64 6.62 6.41 6.43 6.98 7.28 7.19 7.30 7.21 7.24
Total Other Income / (Expense), net		 -2.79 -5.24 -7.15 -5.26 -6.29 -7.52 -6.65 -5.11 -3.61 -5.93 -7.66
Interest Expense		 4.49 5.98 9.65 4.98 6.01 9.16 4.69 6.37 7.15 6.07 6.22
Interest & Investment Income		 0.66 1.77 1.26 1.31 0.53 0.94 1.28 0.95 0.49 1.31 2.47
Other Income / (Expense), net		 1.04 -1.03 1.21 -1.59 -0.80 0.69 -4.54 0.31 3.05 -1.17 1.31
Income Tax Expense		 4.88 6.69 -16 0.53 0.44 -0.04 8.19 -4.08 5.13 7.47 -6.15
Basic Earnings per Share		 $0.05 $0.05 $0.01 ($0.07) $0.12 $0.05 ($0.25) ($0.05) $0.14 $0.07 ($0.06)
Weighted Average Basic Shares Outstanding		 112.25M 113.54M 112.90M 115.04M 115.47M 115.56M 115.43M 115.89M 116.47M 116.60M 116.42M
Diluted Earnings per Share		 $0.05 $0.05 $0.01 ($0.07) $0.11 $0.05 ($0.24) ($0.05) $0.13 $0.07 ($0.06)
Weighted Average Diluted Shares Outstanding		 112.69M 114.66M 112.90M 115.04M 117.02M 118.45M 115.43M 115.89M 119.39M 119.91M 119.82M
Weighted Average Basic & Diluted Shares Outstanding		 114.84M 114.76M 115.39M 115.57M 115.58M 115.62M 115.78M 116.37M 116.54M 116.66M 116.77M

Annual Cash Flow Statements for Latham Group

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 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 24 2.66 -15 -11 70 -46 15
Net Cash From Operating Activities		 36 63 34 32 116 61 63
Net Cash From Continuing Operating Activities		 36 63 34 32 116 61 63
Net Income / (Loss) Continuing Operations		 7.46 16 -62 -5.69 -2.39 -18 11
Consolidated Net Income / (Loss)		 7.46 16 -62 -5.69 -2.39 -18 11
Depreciation Expense		 22 25 32 38 41 44 51
Amortization Expense		 3.15 2.32 6.42 1.57 1.72 1.72 1.72
Non-Cash Adjustments To Reconcile Net Income		 6.82 3.32 125 77 29 25 13
Changes in Operating Assets and Liabilities, net		 -3.43 16 -68 -79 47 8.04 -14
Net Cash From Investing Activities		 -27 -116 -108 -45 -32 -85 -42
Net Cash From Continuing Investing Activities		 -27 -116 -108 -45 -32 -85 -42
Purchase of Property, Plant & Equipment		 -8.17 -16 -25 -40 -33 -20 -25
Acquisitions		 -20 -100 -91 -5.36 0.00 -65 -4.93
Other Investing Activities, net		 - - 0.00 0.00 1.46 0.00 -12
Net Cash From Financing Activities		 17 54 60 3.78 -14 -22 -6.97
Net Cash From Continuing Financing Activities		 17 54 60 3.78 -14 -22 -6.97
Repayment of Debt		 -5.81 -24 -186 -293 -62 -22 -29
Issuance of Debt		 22 20 239 320 48 0.00 25
Other Financing Activities, net		 0.00 -6.62 - - 0.00 0.00 -2.90
Effect of Exchange Rate Changes		 -0.96 1.00 -0.86 -2.39 -0.63 -1.01 0.51
Cash Interest Paid		 19 16 17 13 26 25 27
Cash Income Taxes Paid		 0.17 15 20 20 6.99 15 8.18

Quarterly Cash Flow Statements for Latham Group

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/1/2023 9/30/2023 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025
Net Change in Cash & Equivalents		 -12 35 25 -59 47 -31 -3.46 -32 2.98 44 0.53
Net Cash From Operating Activities		 51 52 28 -35 52 37 6.16 -47 36 51 23
Net Cash From Continuing Operating Activities		 51 52 28 -35 52 37 6.16 -47 36 51 23
Net Income / (Loss) Continuing Operations		 5.72 6.15 0.11 -7.86 13 5.90 -29 -5.96 16 8.12 -7.01
Consolidated Net Income / (Loss)		 5.72 6.15 0.11 -7.86 13 5.90 -29 -5.96 16 8.12 -7.01
Depreciation Expense		 10 11 11 10 11 11 12 12 13 13 13
Amortization Expense		 0.43 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		 9.96 4.51 3.82 5.68 5.24 3.61 10 3.19 0.28 5.79 4.16
Changes in Operating Assets and Liabilities, net		 25 30 13 -43 23 16 12 -57 6.59 24 12
Net Cash From Investing Activities		 -13 -4.91 -3.45 -5.35 -4.49 -68 -6.74 -8.39 -6.89 -5.82 -21
Net Cash From Continuing Investing Activities		 -13 -4.91 -3.45 -5.35 -4.49 -68 -6.74 -8.39 -6.89 -5.82 -21
Purchase of Property, Plant & Equipment		 -13 -4.91 -4.92 -5.35 -4.49 -4.03 -6.26 -3.45 -6.89 -5.82 -9.23
Net Cash From Financing Activities		 -49 -11 -1.00 -19 -1.00 -0.19 -1.82 22 -26 -1.34 -2.06
Net Cash From Continuing Financing Activities		 -49 -11 -1.00 -19 -1.00 -0.19 -1.82 22 -26 -1.34 -2.06
Repayment of Debt		 -49 -11 47 -19 -1.00 -0.19 -1.82 -0.20 -26 -1.02 -1.83
Other Financing Activities, net		 - - - 0.00 - - - -2.31 -0.06 -0.31 -0.22
Effect of Exchange Rate Changes		 -0.27 -0.94 0.86 -0.09 0.03 0.12 -1.06 0.34 -0.04 -0.30 0.50
Cash Interest Paid		 6.12 7.29 7.21 9.51 6.62 4.35 4.41 6.27 8.42 6.05 6.26
Cash Income Taxes Paid		 0.57 1.78 4.00 0.04 2.54 6.34 6.56 0.34 0.04 7.64 0.16

Annual Balance Sheets for Latham Group

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 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 647 794 870 835 794 823
Total Current Assets		 167 229 255 239 178 219
Cash & Equivalents		 59 44 33 103 56 71
Accounts Receivable		 33 61 49 30 32 40
Inventories, net		 65 110 165 97 77 75
Prepaid Expenses		 6.06 11 6.00 7.33 8.54 21
Current Deferred & Refundable Income Taxes		 4.38 4.04 2.32 0.98 3.96 12
Plant, Property, & Equipment, net		 47 64 98 113 113 119
Total Noncurrent Assets		 432 502 516 483 503 485
Long-Term Investments		 25 23 25 26 25 26
Goodwill		 116 129 131 131 153 155
Intangible Assets		 289 338 309 283 293 268
Noncurrent Deferred & Refundable Income Taxes		 0.35 11 7.76 7.49 0.73 0.72
Other Noncurrent Operating Assets		 1.04 0.77 43 36 32 35
Total Liabilities & Shareholders' Equity		 647 794 870 835 794 823
Total Liabilities		 365 441 487 436 407 417
Total Current Liabilities		 94 115 87 86 71 79
Short-Term Debt		 13 17 3.25 21 3.25 3.25
Accounts Payable		 27 39 26 17 13 19
Other Current Liabilities		 - 0.00 58 48 55 57
Total Noncurrent Liabilities		 271 326 400 350 336 338
Long-Term Debt		 208 263 310 280 278 277
Noncurrent Deferred & Payable Income Tax Liabilities		 61 62 57 40 32 34
Other Noncurrent Operating Liabilities		 1.94 0.45 33 30 25 27
Total Equity & Noncontrolling Interests		 282 354 383 399 387 406
Total Preferred & Common Equity		 282 354 383 399 387 406
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 282 354 383 399 387 406
Common Stock		 265 402 441 460 467 473
Retained Earnings		 14 -49 -55 -57 -75 -64
Accumulated Other Comprehensive Income / (Loss)		 2.35 0.37 -3.53 -3.54 -5.05 -3.88
Other Equity Adjustments		 0.00 0.00 0.00 0.00 0.00 0.00

Quarterly Balance Sheets for Latham Group

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 7/2/2022 10/1/2022 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025
Total Assets		 909 921 930 871 865 809 830 853 825 822 844
Total Current Assets		 307 314 319 262 264 221 251 218 212 214 241
Cash & Equivalents		 25 31 55 43 78 44 91 60 24 27 71
Accounts Receivable		 105 103 102 82 72 74 66 66 84 89 81
Inventories, net		 162 166 150 127 103 95 84 75 87 79 70
Prepaid Expenses		 9.89 8.11 6.58 6.91 5.97 7.00 9.43 9.37 8.36 11 9.41
Current Deferred & Refundable Income Taxes		 5.39 6.09 5.13 3.73 3.86 1.41 1.65 7.54 8.59 8.89 9.57
Plant, Property, & Equipment, net		 75 84 105 111 110 113 113 115 112 114 114
Total Noncurrent Assets		 527 522 506 498 492 475 466 521 501 493 489
Long-Term Investments		 25 26 25 26 25 26 25 25 26 26 26
Goodwill		 129 128 131 131 131 131 131 153 155 155 155
Intangible Assets		 323 315 302 296 289 276 270 301 289 282 275
Noncurrent Deferred & Refundable Income Taxes		 9.80 7.81 7.87 6.60 7.87 7.31 7.97 8.24 0.73 0.73 0.73
Other Noncurrent Operating Assets		 41 45 39 39 39 34 32 33 31 29 33
Total Liabilities & Shareholders' Equity		 909 921 930 871 865 809 830 853 825 822 844
Total Liabilities		 527 522 555 485 473 417 422 437 443 424 436
Total Current Liabilities		 124 116 106 88 87 71 78 89 83 90 99
Short-Term Debt		 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Accounts Payable		 55 42 49 35 27 25 27 28 28 26 29
Other Current Liabilities		 6.64 6.49 54 50 56 43 48 58 52 60 67
Total Noncurrent Liabilities		 403 407 448 397 386 346 344 347 360 334 337
Long-Term Debt		 310 310 357 309 298 280 279 280 304 278 278
Noncurrent Deferred & Payable Income Tax Liabilities		 62 62 57 58 58 40 40 40 32 32 32
Other Noncurrent Operating Liabilities		 30 34 34 31 30 26 25 28 24 23 27
Total Equity & Noncontrolling Interests		 382 398 375 386 393 392 408 417 381 398 408
Total Preferred & Common Equity		 382 398 375 386 393 392 408 417 381 398 408
Preferred Stock		 0.00 0.00 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 382 398 375 386 393 392 408 417 381 398 408
Common Stock		 432 439 448 453 456 461 463 465 467 468 470
Retained Earnings		 -47 -36 -69 -63 -57 -65 -52 -46 -81 -65 -57
Accumulated Other Comprehensive Income / (Loss)		 -2.33 -5.14 -3.68 -4.01 -6.01 -4.35 -3.37 -2.59 -4.83 -4.85 -4.71
Other Equity Adjustments		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for Latham Group

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 116,655,775.00
DEI Adjusted Shares Outstanding		 - - - - - - 116,655,775.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.10
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 67 28 -25 -12 11 13 25
Return On Investment Capital (ROIC_SIMPLE)		 - - - -1.79% 1.61% 1.91% 3.68%
Earnings before Interest and Taxes (EBIT)		 25 41 -31 29 17 12 34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 50 69 7.33 68 60 58 87
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -390 -174 -84 78 -2.96 24
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 418 567 638 572 587 588
Increase / (Decrease) in Invested Capital		 0.00 418 148 71 -66 16 0.72
Book Value per Share		 $0.00 $2.77 $2.95 $3.27 $3.48 $3.35 $3.48
Tangible Book Value per Share		 $0.00 ($1.22) ($0.95) ($0.49) ($0.13) ($0.50) ($0.15)
Total Capital		 0.00 503 634 696 700 669 686
Total Debt		 0.00 221 280 313 301 282 280
Total Long-Term Debt		 0.00 208 263 310 280 278 277
Net Debt		 0.00 137 213 255 172 200 182
Capital Expenditures (CapEx)		 6.87 16 25 40 33 20 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 27 87 139 71 54 72
Debt-free Net Working Capital (DFNWC)		 0.00 86 131 171 174 111 143
Net Working Capital (NWC)		 0.00 73 114 168 152 107 140
Net Nonoperating Expense (NNE)		 60 12 37 -6.76 14 31 14
Net Nonoperating Obligations (NNO)		 0.00 137 213 255 172 200 182
Total Depreciation and Amortization (D&A)		 25 28 39 40 42 46 53
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.56) ($0.05) ($0.02) ($0.15) $0.10
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 110.64M 113.25M 112.90M 115.43M 116.42M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.56) ($0.05) ($0.02) ($0.15) $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 110.64M 113.25M 112.90M 115.43M 119.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 119.52M 114.68M 115.39M 115.78M 116.77M
Normalized Net Operating Profit after Tax (NOPAT)		 18 28 -25 21 11 13 25
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Latham Group

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/1/2023 9/30/2023 12/31/2023 3/30/2024 6/29/2024 9/28/2024 12/31/2024 3/29/2025 6/28/2025 9/27/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 116,655,775.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 116,655,775.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.06
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 7.22 8.66 -6.31 -1.45 19 13 -9.12 -3.45 19 11 -7.51
Return On Investment Capital (ROIC_SIMPLE)		 - - -0.90% - - - -1.36% -0.50% 2.75% 1.63% -1.09%
Earnings before Interest and Taxes (EBIT)		 14 17 -7.81 -3.66 19 14 -18 -4.62 28 20 -9.42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 28 3.59 7.15 30 26 -4.98 8.21 41 34 4.39
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 24 72 60 50 74 -9.67 -25 -37 -33 32 -8.23
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 629 591 572 604 575 614 587 638 627 593 588
Increase / (Decrease) in Invested Capital		 -16 -64 -66 -51 -55 23 16 34 52 -21 0.72
Book Value per Share		 $3.36 $3.42 $3.48 $3.40 $3.53 $3.60 $3.35 $3.29 $3.42 $3.50 $3.48
Tangible Book Value per Share		 ($0.35) ($0.23) ($0.13) ($0.13) $0.06 ($0.33) ($0.50) ($0.54) ($0.33) ($0.19) ($0.15)
Total Capital		 698 694 700 675 690 699 669 688 680 689 686
Total Debt		 312 302 301 283 282 283 282 307 281 281 280
Total Long-Term Debt		 309 298 280 280 279 280 278 304 278 278 277
Net Debt		 243 198 172 213 167 197 200 257 228 185 182
Capital Expenditures (CapEx)		 13 4.91 4.92 5.35 4.49 4.03 6.26 3.45 6.89 5.82 9.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 134 102 71 110 86 72 54 108 101 74 72
Debt-free Net Working Capital (DFNWC)		 177 180 174 154 176 132 111 132 128 145 143
Net Working Capital (NWC)		 174 177 152 150 173 128 107 129 125 142 140
Net Nonoperating Expense (NNE)		 1.50 2.51 -6.43 6.41 6.08 7.57 20 2.51 2.74 3.09 -0.49
Net Nonoperating Obligations (NNO)		 243 198 172 213 167 197 200 257 228 185 182
Total Depreciation and Amortization (D&A)		 10 11 11 11 11 12 13 13 13 13 14
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.05 $0.05 $0.01 ($0.07) $0.12 $0.05 ($0.25) ($0.05) $0.14 $0.07 ($0.06)
Adjusted Weighted Average Basic Shares Outstanding		 112.25M 113.54M 112.90M 115.04M 115.47M 115.56M 115.43M 115.89M 116.47M 116.60M 116.42M
Adjusted Diluted Earnings per Share		 $0.05 $0.05 $0.01 ($0.07) $0.11 $0.05 ($0.24) ($0.05) $0.13 $0.07 ($0.06)
Adjusted Weighted Average Diluted Shares Outstanding		 112.69M 114.66M 112.90M 115.04M 117.02M 118.45M 115.43M 115.89M 119.39M 119.91M 119.82M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 114.84M 114.76M 115.39M 115.57M 115.58M 115.62M 115.78M 116.37M 116.54M 116.66M 116.77M
Normalized Net Operating Profit after Tax (NOPAT)		 7.22 13 -6.31 -1.45 19 9.36 -9.12 -3.45 19 11 -7.51
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Latham Group, Inc. (SWIM) has shown mixed quarterly results over the last four years, with notable profitability and cash-flow strength in several 2025 quarters alongside seasoning-driven volatility in revenue and earnings. Below are the key trends drawn from quarterly income statements, cash flow statements, and balance sheets from 2022 through 2025.

  • Net income improved to positive in multiple 2025 quarters, with Q2 2025 showing net income continuing operations of about $15.98 million and Q3 2025 about $8.11 million (positive quarterly profitability).
  • Gross margin improved in 2025, with Q2 2025 gross margin around 37% and Q3 2025 around 35% (higher than many earlier quarters), signaling better product costing or mix.
  • Cash flow from operations turned strongly positive in late 2024 and 2025, led by Q3 2025 net cash from continuing operating activities of about $51.0 million and Q2 2025 of about $35.98 million (positive ongoing cash generation).
  • Free cash flow has been positive in several 2025 quarters (approximate ranges: Q3 2025 FCF around $45 million, Q2 2025 around $29 million, Q4 2025 around $14 million), reflecting operating strength after capital expenditures.
  • Balance sheet progress is visible: total equity around $408 million by Q3 2025, up from mid-2024 levels, with debt levels largely stable (long-term debt near $278 million) and cash balances around $70 million, contributing to a more manageable capital structure.
  • Revenue demonstrates seasonality and quarterly volatility, with notable swings such as Q2/Q3 revenues around the high $160–$170 million range and Q4 dipping toward the $100 million level in several years.
  • Working capital components (notably inventories and accounts payable) fluctuate across quarters, contributing to varying cash conversion cycles and CFO trajectory from period to period.
  • Balance sheet size and composition show a relatively stable asset base and liquidity profile, supporting ongoing operations, but the quarterly mix can still shift debt versus equity and affect leverage modestly.
  • Net income volatility remains, with a notable Q4 2025 net loss of about $7.01 million and a Q1 2025 net loss of about $5.96 million, indicating timing and margin pressure in certain quarters.
  • Cash flow from operations was negative in Q1 2025 (approx. $46.9 million) and continues to reflect seasonality-driven working-capital effects, suggesting short-term liquidity considerations during early-year periods.
05/20/26 07:59 AM ETAI Generated. May Contain Errors.

Latham Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Latham Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

In the past 6 years, Latham Group's net income has ranged from -$62.35 million in 2021 to $15.98 million in 2020, and is currently $11.12 million as of their latest financial filing in 2025. Check out Latham Group's forecast to explore projected trends and price targets.

Latham Group's total operating income in 2025 was $30.58 million, based on the following breakdown:
  • Total Gross Profit: $182.09 million
  • Total Operating Expenses: $151.51 million

Over the last 6 years, Latham Group's total revenue changed from $317.98 million in 2019 to $545.91 million in 2025, a change of 71.7%.

Latham Group's total liabilities were at $417.36 million at the end of 2025, a 2.5% increase from 2024, and a 14.3% increase since 2020.

In the past 5 years, Latham Group's cash and equivalents has ranged from $32.63 million in 2022 to $102.76 million in 2023, and is currently $71.04 million as of their latest financial filing in 2025.

Over the last 6 years, Latham Group's book value per share changed from 0.00 in 2019 to 3.48 in 2025, a change of 347.9%.


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Financial statements for NASDAQ:SWIM last updated on 3/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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