Latham Group (SWIM) Financials

$4.91 +0.08 (+1.66%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$4.90 0.00 (-0.10%)

As of 04/17/2025 04:07 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-5.69	-2.39	-18
Consolidated Net Income / (Loss)	-5.69	-2.39	-18
Net Income / (Loss) Continuing Operations	-5.69	-2.39	-18
Total Pre-Tax Income	14	-10	-8.74
Total Operating Income	30	16	18
Total Gross Profit	216	153	154
Total Revenue	696	566	509
Operating Revenue	696	566	509
Total Cost of Revenue	479	414	355
Operating Cost of Revenue	479	414	355
Total Operating Expenses	186	137	135
Selling, General & Admin Expense	147	110	108
Amortization Expense	28	27	27
Other Operating Expenses / (Income)	11	0.00	0.00
Total Other Income / (Expense), net	-16	-26	-27
Interest Expense	19	31	25
Interest & Investment Income	4.23	3.72	4.06
Other Income / (Expense), net	-1.30	1.00	-6.24
Income Tax Expense	19	-7.67	9.12
Basic Earnings per Share	($0.05)	($0.02)	($0.15)
Weighted Average Basic Shares Outstanding	113.25M	112.90M	115.43M
Diluted Earnings per Share	($0.05)	($0.02)	($0.15)
Weighted Average Diluted Shares Outstanding	113.25M	112.90M	115.43M
Weighted Average Basic & Diluted Shares Outstanding	114.68M	115.39M	115.78M

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29
Consolidated Net Income / (Loss)	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29
Net Income / (Loss) Continuing Operations	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29
Total Pre-Tax Income	21	-25	-17	11	13	-16	-7.33	14	5.85	-21
Total Operating Income	25	-20	-6.32	13	18	-9.02	-2.07	20	13	-13
Total Gross Profit	59	19	33	50	48	21	31	53	49	21
Total Revenue	189	108	138	177	161	91	111	160	150	87
Operating Revenue	189	108	138	177	161	91	111	160	150	87
Total Cost of Revenue	131	89	104	127	113	70	80	107	102	66
Operating Cost of Revenue	131	89	104	127	113	70	80	107	102	66
Total Operating Expenses	34	40	40	37	30	30	33	33	35	34
Selling, General & Admin Expense	27	33	33	30	23	24	26	27	28	27
Amortization Expense	7.16	6.68	6.63	6.64	6.64	6.62	6.41	6.43	6.98	7.28
Total Other Income / (Expense), net	-3.99	-4.61	-11	-2.79	-5.24	-7.15	-6.57	-6.29	-7.52	-6.65
Interest Expense	4.26	6.56	11	4.49	5.98	9.65	4.98	6.01	9.16	4.69
Interest & Investment Income	1.33	1.64	0.04	0.66	1.77	1.26	1.31	0.53	0.94	1.28
Other Income / (Expense), net	-1.05	0.31	-0.21	1.04	-1.03	1.21	-1.59	-0.80	0.69	-4.54
Income Tax Expense	9.11	-5.98	-2.93	4.88	6.69	-16	0.53	0.44	-0.04	8.19
Basic Earnings per Share	$0.10	($0.17)	($0.13)	$0.05	$0.05	$0.01	($0.07)	$0.12	$0.05	($0.25)
Weighted Average Basic Shares Outstanding	113.17M	113.25M	112.10M	112.25M	113.54M	112.90M	115.04M	115.47M	115.56M	115.43M
Diluted Earnings per Share	$0.10	($0.17)	($0.13)	$0.05	$0.05	$0.01	($0.07)	$0.11	$0.05	($0.24)
Weighted Average Diluted Shares Outstanding	113.20M	113.25M	112.10M	112.69M	114.66M	112.90M	115.04M	117.02M	118.45M	115.43M
Weighted Average Basic & Diluted Shares Outstanding	117.12M	114.68M	114.79M	114.84M	114.76M	115.39M	115.57M	115.58M	115.62M	115.78M

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

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

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	2022	2023	2024
Total Assets	870	835	794
Total Current Assets	255	239	178
Cash & Equivalents	33	103	56
Accounts Receivable	49	30	32
Inventories, net	165	97	77
Prepaid Expenses	6.00	7.33	8.54
Current Deferred & Refundable Income Taxes	2.32	0.98	3.96
Plant, Property, & Equipment, net	98	113	113
Total Noncurrent Assets	516	483	503
Long-Term Investments	25	26	25
Goodwill	131	131	153
Intangible Assets	309	283	293
Noncurrent Deferred & Refundable Income Taxes	7.76	7.49	0.73
Other Noncurrent Operating Assets	43	36	32
Total Liabilities & Shareholders' Equity	870	835	794
Total Liabilities	487	436	407
Total Current Liabilities	87	86	71
Short-Term Debt	3.25	21	3.25
Accounts Payable	26	17	13
Other Current Liabilities	58	48	55
Total Noncurrent Liabilities	400	350	336
Long-Term Debt	310	280	278
Noncurrent Deferred & Payable Income Tax Liabilities	57	40	32
Other Noncurrent Operating Liabilities	33	30	25
Total Equity & Noncontrolling Interests	383	399	387
Total Preferred & Common Equity	383	399	387
Preferred Stock	0.00	0.00	0.00
Total Common Equity	383	399	387
Common Stock	441	460	467
Retained Earnings	-55	-57	-75
Accumulated Other Comprehensive Income / (Loss)	-3.53	-3.54	-5.05
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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	921	930	871	865	809	830	853
Total Current Assets	314	319	262	264	221	251	218
Cash & Equivalents	31	55	43	78	44	91	60
Accounts Receivable	103	102	82	72	74	66	66
Inventories, net	166	150	127	103	95	84	75
Prepaid Expenses	8.11	6.58	6.91	5.97	7.00	9.43	9.37
Current Deferred & Refundable Income Taxes	6.09	5.13	3.73	3.86	1.41	1.65	7.54
Plant, Property, & Equipment, net	84	105	111	110	113	113	115
Total Noncurrent Assets	522	506	498	492	475	466	521
Long-Term Investments	26	25	26	25	26	25	25
Goodwill	128	131	131	131	131	131	153
Intangible Assets	315	302	296	289	276	270	301
Noncurrent Deferred & Refundable Income Taxes	7.81	7.87	6.60	7.87	7.31	7.97	8.24
Other Noncurrent Operating Assets	45	39	39	39	34	32	33
Total Liabilities & Shareholders' Equity	921	930	871	865	809	830	853
Total Liabilities	522	555	485	473	417	422	437
Total Current Liabilities	116	106	88	87	71	78	89
Short-Term Debt	3.25	3.25	3.25	3.25	3.25	3.25	3.25
Accounts Payable	42	49	35	27	25	27	28
Other Current Liabilities	6.49	54	50	56	43	48	58
Total Noncurrent Liabilities	407	448	397	386	346	344	347
Long-Term Debt	310	357	309	298	280	279	280
Noncurrent Deferred & Payable Income Tax Liabilities	62	57	58	58	40	40	40
Other Noncurrent Operating Liabilities	34	34	31	30	26	25	28
Total Equity & Noncontrolling Interests	398	375	386	393	392	408	417
Total Preferred & Common Equity	398	375	386	393	392	408	417
Preferred Stock	0.00	-	-	0.00	0.00	0.00	0.00
Total Common Equity	398	375	386	393	392	408	417
Common Stock	439	448	453	456	461	463	465
Retained Earnings	-36	-69	-63	-57	-65	-52	-46
Accumulated Other Comprehensive Income / (Loss)	-5.14	-3.68	-4.01	-6.01	-4.35	-3.37	-2.59
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	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	10.35%	-18.58%	-10.23%
EBITDA Growth	833.89%	-12.93%	-2.35%
EBIT Growth	191.67%	-40.32%	-29.73%
NOPAT Growth	50.83%	190.66%	13.32%
Net Income Growth	90.87%	58.06%	-647.91%
EPS Growth	91.07%	60.00%	-650.00%
Operating Cash Flow Growth	-4.10%	260.18%	-47.32%
Free Cash Flow Firm Growth	51.82%	192.68%	-103.82%
Invested Capital Growth	12.57%	-10.39%	2.76%
Revenue Q/Q Growth	-4.26%	-2.92%	-0.70%
EBITDA Q/Q Growth	-12.16%	30.44%	-12.83%
EBIT Q/Q Growth	-26.21%	253.40%	-44.76%
NOPAT Q/Q Growth	-209.92%	240.27%	-17.98%
Net Income Q/Q Growth	-177.45%	88.91%	-256.35%
EPS Q/Q Growth	-162.50%	90.00%	-250.00%
Operating Cash Flow Q/Q Growth	240.09%	1.02%	-26.49%
Free Cash Flow Firm Q/Q Growth	55.16%	15.55%	60.70%
Invested Capital Q/Q Growth	-2.57%	-3.26%	-4.34%
Profitability Metrics	-	-	-
Gross Margin	31.11%	27.00%	30.23%
EBITDA Margin	9.84%	10.52%	11.45%
Operating Margin	4.31%	2.85%	3.59%
EBIT Margin	4.13%	3.02%	2.37%
Profit (Net Income) Margin	-0.82%	-0.42%	-3.51%
Tax Burden Percent	-41.50%	23.74%	204.35%
Interest Burden Percent	47.79%	-58.72%	-72.59%
Effective Tax Rate	141.50%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.07%	1.87%	2.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.82%	-4.53%	-14.24%
Return on Net Nonoperating Assets (RNNOA)	0.52%	-2.48%	-6.75%
Return on Equity (ROE)	-1.55%	-0.61%	-4.54%
Cash Return on Invested Capital (CROIC)	-13.89%	12.82%	-0.51%
Operating Return on Assets (OROA)	3.45%	2.01%	1.48%
Return on Assets (ROA)	-0.68%	-0.28%	-2.19%
Return on Common Equity (ROCE)	-1.55%	-0.61%	-4.54%
Return on Equity Simple (ROE_SIMPLE)	-1.49%	-0.60%	-4.61%
Net Operating Profit after Tax (NOPAT)	-12	11	13
NOPAT Margin	-1.79%	1.99%	2.52%
Net Nonoperating Expense Percent (NNEP)	-2.89%	6.40%	16.45%
Return On Investment Capital (ROIC_SIMPLE)	-1.79%	1.61%	1.91%
Cost of Revenue to Revenue	68.89%	73.00%	69.77%
SG&A Expenses to Revenue	21.11%	19.47%	21.31%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.80%	24.15%	26.64%
Earnings before Interest and Taxes (EBIT)	29	17	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	60	58
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.99	0.76	2.08
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.54	0.53	1.58
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)	0.99	0.83	1.71
Enterprise Value to Revenue (EV/Rev)	0.91	0.84	1.98
Enterprise Value to EBITDA (EV/EBITDA)	9.24	7.96	17.27
Enterprise Value to EBIT (EV/EBIT)	22.02	27.68	83.47
Enterprise Value to NOPAT (EV/NOPAT)	0.00	42.01	78.55
Enterprise Value to Operating Cash Flow (EV/OCF)	19.57	4.08	16.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.12	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.82	0.75	0.73
Long-Term Debt to Equity	0.81	0.70	0.72
Financial Leverage	0.64	0.55	0.47
Leverage Ratio	2.26	2.18	2.07
Compound Leverage Factor	1.08	-1.28	-1.50
Debt to Total Capital	44.98%	43.00%	42.10%
Short-Term Debt to Total Capital	0.47%	3.03%	0.49%
Long-Term Debt to Total Capital	44.51%	39.97%	41.61%
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	55.02%	57.00%	57.90%
Debt to EBITDA	4.57	5.05	4.84
Net Debt to EBITDA	3.73	2.89	3.44
Long-Term Debt to EBITDA	4.52	4.70	4.78
Debt to NOPAT	-25.12	26.68	22.00
Net Debt to NOPAT	-20.49	15.28	15.65
Long-Term Debt to NOPAT	-24.86	24.80	21.75
Altman Z-Score	1.52	1.29	1.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.94	2.77	2.51
Quick Ratio	0.94	1.54	1.25
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-84	78	-2.96
Operating Cash Flow to CapEx	81.47%	350.63%	304.77%
Free Cash Flow to Firm to Interest Expense	-4.35	2.51	-0.12
Operating Cash Flow to Interest Expense	1.68	3.76	2.47
Operating Cash Flow Less CapEx to Interest Expense	-0.38	2.69	1.66
Efficiency Ratios	-	-	-
Asset Turnover	0.84	0.66	0.62
Accounts Receivable Turnover	12.70	14.30	16.22
Inventory Turnover	3.49	3.15	4.07
Fixed Asset Turnover	8.61	5.36	4.50
Accounts Payable Turnover	14.83	19.26	23.44
Days Sales Outstanding (DSO)	28.75	25.53	22.50
Days Inventory Outstanding (DIO)	104.63	115.78	89.63
Days Payable Outstanding (DPO)	24.62	18.95	15.57
Cash Conversion Cycle (CCC)	108.76	122.36	96.56
Capital & Investment Metrics	-	-	-
Invested Capital	638	572	587
Invested Capital Turnover	1.16	0.94	0.88
Increase / (Decrease) in Invested Capital	71	-66	16
Enterprise Value (EV)	632	474	1,005
Market Capitalization	377	302	805
Book Value per Share	$3.27	$3.48	$3.35
Tangible Book Value per Share	($0.49)	($0.13)	($0.50)
Total Capital	696	700	669
Total Debt	313	301	282
Total Long-Term Debt	310	280	278
Net Debt	255	172	200
Capital Expenditures (CapEx)	40	33	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	139	71	54
Debt-free Net Working Capital (DFNWC)	171	174	111
Net Working Capital (NWC)	168	152	107
Net Nonoperating Expense (NNE)	-6.76	14	31
Net Nonoperating Obligations (NNO)	255	172	200
Total Depreciation and Amortization (D&A)	40	42	46
Debt-free, Cash-free Net Working Capital to Revenue	19.95%	12.52%	10.65%
Debt-free Net Working Capital to Revenue	24.63%	30.66%	21.74%
Net Working Capital to Revenue	24.17%	26.90%	21.10%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.05)	($0.02)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	113.25M	112.90M	115.43M
Adjusted Diluted Earnings per Share	($0.05)	($0.02)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	113.25M	112.90M	115.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	114.68M	115.39M	115.78M
Normalized Net Operating Profit after Tax (NOPAT)	21	11	13
Normalized NOPAT Margin	3.02%	1.99%	2.52%
Pre Tax Income Margin	1.97%	-1.78%	-1.72%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.49	0.55	0.48
NOPAT to Interest Expense	-0.65	0.37	0.52
EBIT Less CapEx to Interest Expense	-0.57	-0.52	-0.33
NOPAT Less CapEx to Interest Expense	-2.71	-0.71	-0.29
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-4,929.77%	0.00%	0.00%

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

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

Frequently Asked Questions About Latham Group's Financials

When does Latham Group's fiscal year end?

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

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 4/18/2025 by MarketBeat.com Staff

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Latham Group (SWIM) Financials

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