Latham Group (SWIM) Financials

$6.20 +0.05 (+0.81%)

Closing price 07/16/2025 04:00 PM Eastern

Extended Trading

$6.19 -0.01 (-0.15%)

As of 06:37 AM 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	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	7.46	16	-62	-5.69	-2.39	-18
Consolidated Net Income / (Loss)	7.46	16	-62	-5.69	-2.39	-18
Net Income / (Loss) Continuing Operations	7.46	16	-62	-5.69	-2.39	-18
Total Pre-Tax Income	2.79	23	-54	14	-10	-8.74
Total Operating Income	25	40	-36	30	16	18
Total Gross Profit	98	143	204	216	153	154
Total Revenue	318	403	630	696	566	509
Operating Revenue	318	403	630	696	566	509
Total Cost of Revenue	220	261	426	479	414	355
Operating Cost of Revenue	220	261	426	479	414	355
Total Operating Expenses	73	103	240	186	137	135
Selling, General & Admin Expense	57	86	218	147	110	108
Amortization Expense	16	17	23	28	27	27
Other Operating Expenses / (Income)	-	0.00	0.00	11	0.00	0.00
Total Other Income / (Expense), net	-22	-17	-17	-16	-26	-27
Interest Expense	23	18	24	19	31	25
Interest & Investment Income	0.00	0.00	2.22	4.23	3.72	4.06
Other Income / (Expense), net	0.30	1.11	4.86	-1.30	1.00	-6.24
Income Tax Expense	-4.67	6.78	8.82	19	-7.67	9.12
Basic Earnings per Share	$0.08	$0.16	($0.56)	($0.05)	($0.02)	($0.15)
Weighted Average Basic Shares Outstanding	95.03M	101.61M	110.64M	113.25M	112.90M	115.43M
Diluted Earnings per Share	$0.08	$0.16	($0.56)	($0.05)	($0.02)	($0.15)
Weighted Average Diluted Shares Outstanding	95.40M	102.60M	110.64M	113.25M	112.90M	115.43M
Weighted Average Basic & Diluted Shares Outstanding	-	-	119.52M	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	Q1 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29	-5.96
Consolidated Net Income / (Loss)	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29	-5.96
Net Income / (Loss) Continuing Operations	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29	-5.96
Total Pre-Tax Income	21	-25	-17	11	13	-16	-7.33	14	5.85	-21	-10
Total Operating Income	25	-20	-6.32	13	18	-9.02	-2.07	20	13	-13	-4.93
Total Gross Profit	59	19	33	50	48	21	31	53	49	21	33
Total Revenue	189	108	138	177	161	91	111	160	150	87	111
Operating Revenue	189	108	138	177	161	91	111	160	150	87	111
Total Cost of Revenue	131	89	104	127	113	70	80	107	102	66	79
Operating Cost of Revenue	131	89	104	127	113	70	80	107	102	66	79
Total Operating Expenses	34	40	40	37	30	30	33	33	35	34	38
Selling, General & Admin Expense	27	33	33	30	23	24	26	27	28	27	31
Amortization Expense	7.16	6.68	6.63	6.64	6.64	6.62	6.41	6.43	6.98	7.28	7.19
Total Other Income / (Expense), net	-3.99	-4.61	-11	-2.79	-5.24	-7.15	-5.26	-6.29	-7.52	-6.65	-5.11
Interest Expense	4.26	6.56	11	4.49	5.98	9.65	4.98	6.01	9.16	4.69	6.37
Interest & Investment Income	1.33	1.64	0.04	0.66	1.77	1.26	1.31	0.53	0.94	1.28	0.95
Other Income / (Expense), net	-1.05	0.31	-0.21	1.04	-1.03	1.21	-1.59	-0.80	0.69	-4.54	0.31
Income Tax Expense	9.11	-5.98	-2.93	4.88	6.69	-16	0.53	0.44	-0.04	8.19	-4.08
Basic Earnings per Share	$0.10	($0.17)	($0.13)	$0.05	$0.05	$0.01	($0.07)	$0.12	$0.05	($0.25)	($0.05)
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	115.89M
Diluted Earnings per Share	$0.10	($0.17)	($0.13)	$0.05	$0.05	$0.01	($0.07)	$0.11	$0.05	($0.24)	($0.05)
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	115.89M
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	116.37M

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
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	24	2.66	-15	-11	70	-46
Net Cash From Operating Activities	36	63	34	32	116	61
Net Cash From Continuing Operating Activities	36	63	34	32	116	61
Net Income / (Loss) Continuing Operations	7.46	16	-62	-5.69	-2.39	-18
Consolidated Net Income / (Loss)	7.46	16	-62	-5.69	-2.39	-18
Depreciation Expense	22	25	32	38	41	44
Amortization Expense	3.15	2.32	6.42	1.57	1.72	1.72
Non-Cash Adjustments To Reconcile Net Income	6.82	3.32	125	77	29	25
Changes in Operating Assets and Liabilities, net	-3.43	16	-68	-79	47	8.04
Net Cash From Investing Activities	-27	-116	-108	-45	-32	-85
Net Cash From Continuing Investing Activities	-27	-116	-108	-45	-32	-85
Purchase of Property, Plant & Equipment	-8.17	-16	-25	-40	-33	-20
Acquisitions	-20	-100	-91	-5.36	0.00	-65
Sale of Property, Plant & Equipment	1.30	0.58	0.04	0.02	0.00	0.00
Divestitures	0.00	0.00	6.80	0.00	0.00	0.00
Other Investing Activities, net	-	-	0.00	0.00	1.46	0.00
Net Cash From Financing Activities	17	54	60	3.78	-14	-22
Net Cash From Continuing Financing Activities	17	54	60	3.78	-14	-22
Repayment of Debt	-5.81	-24	-186	-293	-14	-22
Repurchase of Common Equity	-0.20	-0.58	-282	-281	0.00	0.00
Issuance of Debt	22	20	239	320	0.00	0.00
Issuance of Common Equity	0.25	66	399	258	0.00	0.00
Effect of Exchange Rate Changes	-0.96	1.00	-0.86	-2.39	-0.63	-1.01
Cash Interest Paid	19	16	17	13	26	25
Cash Income Taxes Paid	0.17	15	20	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	Q1 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025
Net Change in Cash & Equivalents	5.40	2.01	22	-12	35	25	-59	47	-31	-3.46	-32
Net Cash From Operating Activities	20	27	-14	51	52	28	-35	52	37	6.16	-47
Net Cash From Continuing Operating Activities	20	27	-14	51	52	28	-35	52	37	6.16	-47
Net Income / (Loss) Continuing Operations	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29	-5.96
Consolidated Net Income / (Loss)	12	-19	-14	5.72	6.15	0.11	-7.86	13	5.90	-29	-5.96
Depreciation Expense	9.56	9.34	9.26	10	11	11	10	11	11	12	12
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	13	11	11	9.96	4.51	3.82	5.68	5.24	3.61	10	3.19
Changes in Operating Assets and Liabilities, net	-14	25	-21	25	30	13	-43	23	16	12	-57
Net Cash From Investing Activities	-12	-16	-9.94	-13	-4.91	-3.45	-5.35	-4.49	-68	-6.74	-8.39
Net Cash From Continuing Investing Activities	-12	-16	-9.94	-13	-4.91	-3.45	-5.35	-4.49	-68	-6.74	-8.39
Purchase of Property, Plant & Equipment	-12	-11	-9.94	-13	-4.91	-4.92	-5.35	-4.49	-4.03	-6.26	-3.45
Acquisitions	-	-4.97	-	-	-	-	0.00	-	-	-0.48	-4.93
Net Cash From Financing Activities	-0.81	-8.85	47	-49	-11	-1.00	-19	-1.00	-0.19	-1.82	22
Net Cash From Continuing Financing Activities	-0.81	-8.85	47	-49	-11	-1.00	-19	-1.00	-0.19	-1.82	22
Repayment of Debt	-0.81	24	-0.91	-49	-11	47	-19	-1.00	-0.19	-1.82	-0.20
Issuance of Debt	-	-25	48	-	-	-48	0.00	-	-	-	25
Other Financing Activities, net	-	-	-	-	-	-	0.00	-	-	-	-2.31
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	0.34
Cash Interest Paid	3.68	3.86	5.12	6.12	7.29	7.21	9.51	6.62	4.35	4.41	6.27
Cash Income Taxes Paid	6.65	0.31	0.64	0.57	1.78	4.00	0.04	2.54	6.34	6.56	0.34

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
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	647	794	870	835	794
Total Current Assets	167	229	255	239	178
Cash & Equivalents	59	44	33	103	56
Accounts Receivable	33	61	49	30	32
Inventories, net	65	110	165	97	77
Prepaid Expenses	6.06	11	6.00	7.33	8.54
Current Deferred & Refundable Income Taxes	4.38	4.04	2.32	0.98	3.96
Plant, Property, & Equipment, net	47	64	98	113	113
Total Noncurrent Assets	432	502	516	483	503
Long-Term Investments	25	23	25	26	25
Goodwill	116	129	131	131	153
Intangible Assets	289	338	309	283	293
Noncurrent Deferred & Refundable Income Taxes	0.35	11	7.76	7.49	0.73
Other Noncurrent Operating Assets	1.04	0.77	43	36	32
Total Liabilities & Shareholders' Equity	647	794	870	835	794
Total Liabilities	365	441	487	436	407
Total Current Liabilities	94	115	87	86	71
Short-Term Debt	13	17	3.25	21	3.25
Accounts Payable	27	39	26	17	13
Other Current Liabilities	-	0.00	58	48	55
Total Noncurrent Liabilities	271	326	400	350	336
Long-Term Debt	208	263	310	280	278
Noncurrent Deferred & Payable Income Tax Liabilities	61	62	57	40	32
Other Noncurrent Operating Liabilities	1.94	0.45	33	30	25
Total Equity & Noncontrolling Interests	282	354	383	399	387
Total Preferred & Common Equity	282	354	383	399	387
Preferred Stock	-	0.00	0.00	0.00	0.00
Total Common Equity	282	354	383	399	387
Common Stock	265	402	441	460	467
Retained Earnings	14	-49	-55	-57	-75
Accumulated Other Comprehensive Income / (Loss)	2.35	0.37	-3.53	-3.54	-5.05
Other Equity Adjustments	0.00	0.00	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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 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
Total Assets	909	921	930	871	865	809	830	853	825
Total Current Assets	307	314	319	262	264	221	251	218	212
Cash & Equivalents	25	31	55	43	78	44	91	60	24
Accounts Receivable	105	103	102	82	72	74	66	66	84
Inventories, net	162	166	150	127	103	95	84	75	87
Prepaid Expenses	9.89	8.11	6.58	6.91	5.97	7.00	9.43	9.37	8.36
Current Deferred & Refundable Income Taxes	5.39	6.09	5.13	3.73	3.86	1.41	1.65	7.54	8.59
Plant, Property, & Equipment, net	75	84	105	111	110	113	113	115	112
Total Noncurrent Assets	527	522	506	498	492	475	466	521	501
Long-Term Investments	25	26	25	26	25	26	25	25	26
Goodwill	129	128	131	131	131	131	131	153	155
Intangible Assets	323	315	302	296	289	276	270	301	289
Noncurrent Deferred & Refundable Income Taxes	9.80	7.81	7.87	6.60	7.87	7.31	7.97	8.24	0.73
Other Noncurrent Operating Assets	41	45	39	39	39	34	32	33	31
Total Liabilities & Shareholders' Equity	909	921	930	871	865	809	830	853	825
Total Liabilities	527	522	555	485	473	417	422	437	443
Total Current Liabilities	124	116	106	88	87	71	78	89	83
Short-Term Debt	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
Other Current Liabilities	6.64	6.49	54	50	56	43	48	58	52
Total Noncurrent Liabilities	403	407	448	397	386	346	344	347	360
Long-Term Debt	310	310	357	309	298	280	279	280	304
Noncurrent Deferred & Payable Income Tax Liabilities	62	62	57	58	58	40	40	40	32
Other Noncurrent Operating Liabilities	30	34	34	31	30	26	25	28	24
Total Equity & Noncontrolling Interests	382	398	375	386	393	392	408	417	381
Total Preferred & Common Equity	382	398	375	386	393	392	408	417	381
Preferred Stock	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
Common Stock	432	439	448	453	456	461	463	465	467
Retained Earnings	-47	-36	-69	-63	-57	-65	-52	-46	-81
Accumulated Other Comprehensive Income / (Loss)	-2.33	-5.14	-3.68	-4.01	-6.01	-4.35	-3.37	-2.59	-4.83
Other Equity Adjustments	0.00	0.00	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	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	26.86%	56.29%	10.35%	-18.58%	-10.23%
EBITDA Growth	0.00%	36.74%	-89.33%	833.89%	-12.93%	-2.35%
EBIT Growth	0.00%	61.30%	-176.37%	191.67%	-40.32%	-29.73%
NOPAT Growth	0.00%	-58.33%	-190.38%	50.83%	190.66%	13.32%
Net Income Growth	0.00%	114.34%	-490.09%	90.87%	58.06%	-647.91%
EPS Growth	0.00%	100.00%	-450.00%	91.07%	60.00%	-650.00%
Operating Cash Flow Growth	0.00%	77.14%	-46.66%	-4.10%	260.18%	-47.32%
Free Cash Flow Firm Growth	0.00%	0.00%	55.52%	51.82%	192.68%	-103.82%
Invested Capital Growth	0.00%	0.00%	35.45%	12.57%	-10.39%	2.76%
Revenue Q/Q Growth	0.00%	0.00%	4.46%	-4.26%	-2.92%	-0.70%
EBITDA Q/Q Growth	0.00%	0.00%	-56.77%	-12.16%	30.44%	-12.83%
EBIT Q/Q Growth	0.00%	0.00%	-49.17%	-26.21%	253.40%	-44.76%
NOPAT Q/Q Growth	0.00%	0.00%	-33.43%	-209.92%	240.27%	-17.98%
Net Income Q/Q Growth	0.00%	0.00%	-5.53%	-177.45%	88.91%	-256.35%
EPS Q/Q Growth	0.00%	0.00%	1.75%	-162.50%	90.00%	-250.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-10.23%	240.09%	1.02%	-26.49%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	55.16%	15.55%	60.70%
Invested Capital Q/Q Growth	0.00%	0.00%	24.06%	-2.57%	-3.26%	-4.34%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	30.87%	35.39%	32.38%	31.11%	27.00%	30.23%
EBITDA Margin	15.80%	17.03%	1.16%	9.84%	10.52%	11.45%
Operating Margin	7.90%	9.89%	-5.74%	4.31%	2.85%	3.59%
EBIT Margin	8.00%	10.17%	-4.97%	4.13%	3.02%	2.37%
Profit (Net Income) Margin	2.35%	3.96%	-9.89%	-0.82%	-0.42%	-3.51%
Tax Burden Percent	267.66%	70.23%	116.47%	-41.50%	23.74%	204.35%
Interest Burden Percent	10.96%	55.50%	170.92%	47.79%	-58.72%	-72.59%
Effective Tax Rate	-167.66%	29.77%	0.00%	141.50%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	13.39%	-5.14%	-2.07%	1.87%	2.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-4.20%	-26.30%	0.82%	-4.53%	-14.24%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-2.04%	-14.49%	0.52%	-2.48%	-6.75%
Return on Equity (ROE)	0.00%	11.35%	-19.63%	-1.55%	-0.61%	-4.54%
Cash Return on Invested Capital (CROIC)	0.00%	-186.61%	-35.25%	-13.89%	12.82%	-0.51%
Operating Return on Assets (OROA)	0.00%	6.34%	-4.35%	3.45%	2.01%	1.48%
Return on Assets (ROA)	0.00%	2.47%	-8.65%	-0.68%	-0.28%	-2.19%
Return on Common Equity (ROCE)	0.00%	11.35%	-19.63%	-1.55%	-0.61%	-4.54%
Return on Equity Simple (ROE_SIMPLE)	0.00%	5.68%	-17.63%	-1.49%	-0.60%	-4.61%
Net Operating Profit after Tax (NOPAT)	67	28	-25	-12	11	13
NOPAT Margin	21.15%	6.95%	-4.02%	-1.79%	1.99%	2.52%
Net Nonoperating Expense Percent (NNEP)	0.00%	17.60%	21.16%	-2.89%	6.40%	16.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-1.79%	1.61%	1.91%
Cost of Revenue to Revenue	69.13%	64.61%	67.62%	68.89%	73.00%	69.77%
SG&A Expenses to Revenue	18.05%	21.20%	34.54%	21.11%	19.47%	21.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.97%	25.50%	38.12%	26.80%	24.15%	26.64%
Earnings before Interest and Taxes (EBIT)	25	41	-31	29	17	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	69	7.33	68	60	58
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.35	8.48	0.99	0.76	2.08
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.20	0.94	4.76	0.54	0.53	1.58
Price to Earnings (P/E)	50.96	23.78	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.96%	4.21%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.24	5.67	0.99	0.83	1.71
Enterprise Value to Revenue (EV/Rev)	0.00	1.28	5.10	0.91	0.84	1.98
Enterprise Value to EBITDA (EV/EBITDA)	0.00	7.52	438.33	9.24	7.96	17.27
Enterprise Value to EBIT (EV/EBIT)	0.00	12.60	0.00	22.02	27.68	83.47
Enterprise Value to NOPAT (EV/NOPAT)	0.00	18.44	0.00	0.00	42.01	78.55
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	8.18	95.37	19.57	4.08	16.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	6.12	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.79	0.79	0.82	0.75	0.73
Long-Term Debt to Equity	0.00	0.74	0.74	0.81	0.70	0.72
Financial Leverage	0.00	0.49	0.55	0.64	0.55	0.47
Leverage Ratio	0.00	2.30	2.27	2.26	2.18	2.07
Compound Leverage Factor	0.00	1.27	3.88	1.08	-1.28	-1.50
Debt to Total Capital	0.00%	44.03%	44.22%	44.98%	43.00%	42.10%
Short-Term Debt to Total Capital	0.00%	2.59%	2.72%	0.47%	3.03%	0.49%
Long-Term Debt to Total Capital	0.00%	41.43%	41.51%	44.51%	39.97%	41.61%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	55.97%	55.78%	55.02%	57.00%	57.90%
Debt to EBITDA	0.00	3.22	38.25	4.57	5.05	4.84
Net Debt to EBITDA	0.00	1.99	29.07	3.73	2.89	3.44
Long-Term Debt to EBITDA	0.00	3.03	35.91	4.52	4.70	4.78
Debt to NOPAT	0.00	7.90	-11.07	-25.12	26.68	22.00
Net Debt to NOPAT	0.00	4.88	-8.41	-20.49	15.28	15.65
Long-Term Debt to NOPAT	0.00	7.44	-10.39	-24.86	24.80	21.75
Altman Z-Score	0.00	1.62	4.83	1.52	1.29	1.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.78	1.99	2.94	2.77	2.51
Quick Ratio	0.00	0.98	0.91	0.94	1.54	1.25
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-390	-174	-84	78	-2.96
Operating Cash Flow to CapEx	519.07%	402.68%	135.08%	81.47%	350.63%	304.77%
Free Cash Flow to Firm to Interest Expense	0.00	-21.39	-7.11	-4.35	2.51	-0.12
Operating Cash Flow to Interest Expense	1.57	3.46	1.38	1.68	3.76	2.47
Operating Cash Flow Less CapEx to Interest Expense	1.27	2.60	0.36	-0.38	2.69	1.66
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.62	0.87	0.84	0.66	0.62
Accounts Receivable Turnover	0.00	12.31	13.48	12.70	14.30	16.22
Inventory Turnover	0.00	4.02	4.89	3.49	3.15	4.07
Fixed Asset Turnover	0.00	8.52	11.37	8.61	5.36	4.50
Accounts Payable Turnover	0.00	9.51	12.87	14.83	19.26	23.44
Days Sales Outstanding (DSO)	0.00	29.64	27.07	28.75	25.53	22.50
Days Inventory Outstanding (DIO)	0.00	90.78	74.65	104.63	115.78	89.63
Days Payable Outstanding (DPO)	0.00	38.40	28.37	24.62	18.95	15.57
Cash Conversion Cycle (CCC)	0.00	82.02	73.35	108.76	122.36	96.56
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	418	567	638	572	587
Invested Capital Turnover	0.00	1.93	1.28	1.16	0.94	0.88
Increase / (Decrease) in Invested Capital	0.00	418	148	71	-66	16
Enterprise Value (EV)	0.00	517	3,213	632	474	1,005
Market Capitalization	380	380	3,000	377	302	805
Book Value per Share	$0.00	$2.77	$2.95	$3.27	$3.48	$3.35
Tangible Book Value per Share	$0.00	($1.22)	($0.95)	($0.49)	($0.13)	($0.50)
Total Capital	0.00	503	634	696	700	669
Total Debt	0.00	221	280	313	301	282
Total Long-Term Debt	0.00	208	263	310	280	278
Net Debt	0.00	137	213	255	172	200
Capital Expenditures (CapEx)	6.87	16	25	40	33	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	27	87	139	71	54
Debt-free Net Working Capital (DFNWC)	0.00	86	131	171	174	111
Net Working Capital (NWC)	0.00	73	114	168	152	107
Net Nonoperating Expense (NNE)	60	12	37	-6.76	14	31
Net Nonoperating Obligations (NNO)	0.00	137	213	255	172	200
Total Depreciation and Amortization (D&A)	25	28	39	40	42	46
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	6.72%	13.83%	19.95%	12.52%	10.65%
Debt-free Net Working Capital to Revenue	0.00%	21.43%	20.80%	24.63%	30.66%	21.74%
Net Working Capital to Revenue	0.00%	18.19%	18.07%	24.17%	26.90%	21.10%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.56)	($0.05)	($0.02)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	110.64M	113.25M	112.90M	115.43M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.56)	($0.05)	($0.02)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	110.64M	113.25M	112.90M	115.43M
Adjusted Basic & Diluted Earnings per Share	$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
Normalized Net Operating Profit after Tax (NOPAT)	18	28	-25	21	11	13
Normalized NOPAT Margin	5.53%	6.95%	-4.02%	3.02%	1.99%	2.52%
Pre Tax Income Margin	0.88%	5.64%	-8.49%	1.97%	-1.78%	-1.72%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	1.12	2.25	-1.28	1.49	0.55	0.48
NOPAT to Interest Expense	2.97	1.54	-1.04	-0.65	0.37	0.52
EBIT Less CapEx to Interest Expense	0.82	1.39	-2.30	-0.57	-0.52	-0.33
NOPAT Less CapEx to Interest Expense	2.67	0.68	-2.06	-2.71	-0.71	-0.29
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-176.48%	0.00%	0.00%	0.00%
Augmented Payout Ratio	2.68%	3.64%	-628.20%	-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	Q1 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.94%	-22.28%	-28.13%	-14.35%	-15.11%	-15.80%	-19.67%	-9.60%	-6.40%	-3.96%	0.72%
EBITDA Growth	313.55%	-1,117.57%	-81.34%	-10.95%	-17.50%	134.73%	126.18%	21.48%	-7.72%	-238.93%	14.86%
EBIT Growth	85,528.57%	-102.97%	-191.25%	-18.64%	-28.73%	61.13%	43.96%	33.12%	-17.50%	-124.90%	-26.35%
NOPAT Growth	886.79%	-87.69%	43.49%	37.53%	-38.69%	55.80%	67.19%	168.19%	55.46%	-44.42%	-137.87%
Net Income Growth	205.13%	-217.91%	-405.92%	32.81%	-48.19%	100.59%	45.27%	132.35%	-4.18%	-26,145.54%	24.19%
EPS Growth	200.00%	-325.00%	-550.00%	25.00%	-50.00%	105.88%	46.15%	120.00%	0.00%	-2,500.00%	28.57%
Operating Cash Flow Growth	32.93%	534.92%	74.81%	19.78%	155.06%	4.33%	-138.41%	3.27%	-28.16%	-78.20%	-35.84%
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%	-175.33%
Invested Capital Growth	43.33%	12.57%	-0.95%	-2.55%	-9.74%	-10.39%	-7.78%	-8.66%	3.91%	2.76%	5.60%
Revenue Q/Q Growth	-8.41%	-43.02%	27.61%	28.62%	-9.23%	-43.48%	21.75%	44.74%	-6.01%	-42.01%	27.67%
EBITDA Q/Q Growth	21.38%	-130.45%	130.60%	687.62%	12.45%	-87.18%	99.25%	323.02%	-14.58%	-119.30%	264.73%
EBIT Q/Q Growth	34.91%	-184.01%	67.51%	320.94%	18.18%	-145.82%	53.16%	624.79%	-26.76%	-224.91%	73.68%
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%	62.15%
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%	79.56%
EPS Q/Q Growth	150.00%	-270.00%	23.53%	138.46%	0.00%	-80.00%	-800.00%	257.14%	-54.55%	-580.00%	79.17%
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%	-861.44%
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%	-49.95%
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%	8.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.09%	17.91%	24.23%	28.36%	29.95%	23.33%	27.65%	33.11%	32.35%	24.57%	29.51%
EBITDA Margin	17.90%	-9.57%	2.29%	14.05%	17.40%	3.95%	6.46%	18.88%	17.16%	-5.71%	7.37%
Operating Margin	13.18%	-18.91%	-4.59%	7.56%	11.24%	-9.93%	-1.87%	12.49%	8.88%	-14.93%	-4.43%
EBIT Margin	12.63%	-18.62%	-4.74%	8.14%	10.60%	-8.60%	-3.31%	11.99%	9.35%	-20.13%	-4.15%
Profit (Net Income) Margin	6.27%	-17.64%	-10.43%	3.23%	3.83%	0.12%	-7.11%	8.29%	3.92%	-33.43%	-5.35%
Tax Burden Percent	56.59%	76.08%	83.07%	53.92%	47.92%	-0.69%	107.26%	96.78%	100.73%	139.03%	59.38%
Interest Burden Percent	87.73%	124.49%	264.91%	73.48%	75.31%	207.43%	200.38%	71.46%	41.62%	119.44%	217.20%
Effective Tax Rate	43.41%	0.00%	0.00%	46.08%	52.08%	0.00%	0.00%	3.22%	-0.73%	0.00%	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%	-2.54%
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%	-3.61%
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%	-2.19%
Return on Equity (ROE)	14.17%	-26.30%	-8.09%	6.11%	7.32%	-8.42%	-3.52%	14.37%	9.45%	-18.61%	-4.73%
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%	-3.71%
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%	-2.59%
Return on Assets (ROA)	5.51%	-14.75%	-7.26%	2.22%	2.50%	0.08%	-4.41%	5.09%	2.33%	-20.87%	-3.34%
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%	-4.73%
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%	-4.19%
Net Operating Profit after Tax (NOPAT)	14	-14	-4.42	7.22	8.66	-6.31	-1.45	19	13	-9.12	-3.45
NOPAT Margin	7.46%	-13.24%	-3.21%	4.08%	5.39%	-6.95%	-1.31%	12.09%	8.95%	-10.45%	-3.10%
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%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.05%	-	-	-	-0.90%	-	-	-	-1.36%	-0.50%
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%	70.49%
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%	27.48%
R&D to Revenue	0.00%	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%	33.94%
Earnings before Interest and Taxes (EBIT)	24	-20	-6.53	14	17	-7.81	-3.66	19	14	-18	-4.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	-10	3.16	25	28	3.59	7.15	30	26	-4.98	8.21
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	1.95
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	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	1.46
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	0.00
Dividend Yield	0.00%	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%	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	1.57
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	1.97
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	16.90
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	90.42
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	92.79
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	20.47
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	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	0.81
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	0.80
Financial Leverage	0.52	0.64	0.74	0.66	0.58	0.55	0.64	0.52	0.49	0.47	0.61
Leverage Ratio	2.26	2.26	2.44	2.32	2.26	2.18	2.27	2.14	2.12	2.07	2.11
Compound Leverage Factor	1.98	2.81	6.47	1.70	1.70	4.52	4.54	1.53	0.88	2.47	4.59
Debt to Total Capital	44.04%	44.98%	49.01%	44.69%	43.44%	43.00%	41.92%	40.89%	40.43%	42.10%	44.61%
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%	0.47%
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%	44.13%
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%	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%	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%	55.39%
Debt to EBITDA	4.02	4.57	6.59	6.04	6.60	5.05	4.45	4.10	4.23	4.84	5.18
Net Debt to EBITDA	3.29	3.73	5.13	4.71	4.34	2.89	3.34	2.42	2.96	3.44	4.34
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	5.12
Debt to NOPAT	27.65	-25.12	30.49	38.32	90.90	26.68	19.83	2.71	18.13	22.00	28.44
Net Debt to NOPAT	22.66	-20.49	23.71	29.86	59.76	15.28	14.91	1.60	12.66	15.65	23.82
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	28.13
Altman Z-Score	1.56	1.33	1.19	1.42	1.30	1.19	1.42	1.37	1.83	1.78	1.66
Noncontrolling Interest Sharing Ratio	0.00%	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	2.55
Quick Ratio	1.15	0.94	1.48	1.42	1.73	1.54	1.66	2.00	1.41	1.25	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-184	-85	1.89	24	72	60	50	74	-9.67	-25	-37
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%	-1,358.11%
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	-5.85
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	-7.36
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	-7.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.84	0.70	0.69	0.65	0.66	0.62	0.61	0.60	0.62	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	6.46
Inventory Turnover	3.94	3.49	3.19	3.12	3.21	3.15	3.18	3.52	4.03	4.07	3.88
Fixed Asset Turnover	10.17	8.61	7.42	6.58	6.00	5.36	4.95	4.67	4.55	4.50	4.53
Accounts Payable Turnover	11.73	14.83	8.73	10.06	12.44	19.26	10.49	12.04	12.87	23.44	13.32
Days Sales Outstanding (DSO)	44.78	28.75	68.64	55.60	54.85	25.53	59.66	51.59	49.37	22.50	56.51
Days Inventory Outstanding (DIO)	92.58	104.63	114.24	116.88	113.79	115.78	114.73	103.83	90.67	89.63	94.03
Days Payable Outstanding (DPO)	31.12	24.62	41.79	36.29	29.33	18.95	34.80	30.33	28.37	15.57	27.41
Cash Conversion Cycle (CCC)	106.24	108.76	141.09	136.19	139.32	122.36	139.59	125.09	111.67	96.56	123.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	655	638	655	629	591	572	604	575	614	587	638
Invested Capital Turnover	1.31	1.16	0.97	0.96	0.94	0.94	0.86	0.87	0.85	0.88	0.82
Increase / (Decrease) in Invested Capital	198	71	-6.32	-16	-64	-66	-51	-55	23	16	34
Enterprise Value (EV)	677	632	608	669	520	474	670	517	976	1,005	1,002
Market Capitalization	420	377	328	426	322	302	457	350	779	805	744
Book Value per Share	$3.40	$3.27	$3.27	$3.36	$3.42	$3.48	$3.40	$3.53	$3.60	$3.35	$3.29
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)	($0.54)
Total Capital	711	696	736	698	694	700	675	690	699	669	688
Total Debt	313	313	360	312	302	301	283	282	283	282	307
Total Long-Term Debt	310	310	357	309	298	280	280	279	280	278	304
Net Debt	257	255	280	243	198	172	213	167	197	200	257
Capital Expenditures (CapEx)	12	11	9.94	13	4.91	4.92	5.35	4.49	4.03	6.26	3.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	139	161	134	102	71	110	86	72	54	108
Debt-free Net Working Capital (DFNWC)	202	171	216	177	180	174	154	176	132	111	132
Net Working Capital (NWC)	198	168	212	174	177	152	150	173	128	107	129
Net Nonoperating Expense (NNE)	2.26	4.75	9.94	1.50	2.51	-6.43	6.41	6.08	7.57	20	2.51
Net Nonoperating Obligations (NNO)	257	255	280	243	198	172	213	167	197	200	257
Total Depreciation and Amortization (D&A)	9.99	9.77	9.69	10	11	11	11	11	12	13	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%	21.17%
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%	25.87%
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%	25.23%
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)	($0.05)
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	115.89M
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)	($0.05)
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	115.89M
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	117.12M	114.68M	114.79M	114.84M	114.76M	115.39M	115.57M	115.58M	115.62M	115.78M	116.37M
Normalized Net Operating Profit after Tax (NOPAT)	14	-14	-4.42	7.22	13	-6.31	-1.45	19	9.36	-9.12	-3.45
Normalized NOPAT Margin	7.46%	-13.24%	-3.21%	4.08%	7.87%	-6.95%	-1.31%	12.09%	6.22%	-10.45%	-3.10%
Pre Tax Income Margin	11.08%	-23.18%	-12.56%	5.98%	7.99%	-17.83%	-6.63%	8.57%	3.89%	-24.04%	-9.01%
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	-0.73
NOPAT to Interest Expense	3.31	-2.18	-0.41	1.61	1.45	-0.65	-0.29	3.22	1.47	-1.94	-0.54
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	-1.27
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	-1.08
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%	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%	0.00%

Key Financial Trends

Latham Group’s Q1 2025 results show signs of a modest recovery after several quarters of contraction, with topline growth and margin improvements. However, cash flow remains under pressure, and leverage has ticked higher. Below are key factors that could influence the company’s stock performance:

Revenue growth turned positive in Q1 2025 (0.7% YoY), after two consecutive quarters of declines.
Gross margin expanded to 29.5% in Q1 2025, up from 27.7% a year earlier, reflecting better cost control.
EBITDA margin improved to 7.37% in Q1 2025 versus 6.46% in Q1 2024.
Latham issued $25 million of debt in Q1 2025, boosting liquidity to support ongoing investments.
Net working capital remains stable at about 25% of revenue, supporting day-to-day operations.
Current ratio stayed healthy at 2.55× in Q1 2025, indicating solid short-term liquidity.
Operating cash flow declined to –$46.9 million in Q1 2025 compared to –$34.5 million in Q1 2024.
Free cash flow to firm turned negative at –$37.3 million in Q1 2025 versus +$49.5 million last year.
Cash & equivalents dropped to $23.97 million in Q1 2025 from $43.8 million in Q1 2024.
Net debt rose to $257.1 million in Q1 2025 from $212.6 million a year earlier, increasing leverage metrics.

Overall, Latham’s top-line momentum and margin improvement are encouraging, but weak cash generation and higher debt levels remain headwinds for investors to monitor.

07/17/25 05:48 AMAI Generated. May Contain Errors.

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 5 years?

Latham Group's net income appears to be on an upward trend, with a most recent value of -$17.86 million in 2024, falling from $7.46 million in 2019. 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's revenue changed over the last 5 years?

Over the last 5 years, Latham Group's total revenue changed from $317.98 million in 2019 to $508.52 million in 2024, a change of 59.9%.

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 11.5% increase since 2020.

How much cash does Latham Group have?

In the past 4 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 5 years?

Over the last 5 years, Latham Group's book value per share changed from 0.00 in 2019 to 3.35 in 2024, a change of 334.9%.

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This page (NASDAQ:SWIM) was last updated on 7/17/2025 by MarketBeat.com Staff

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Latham Group (SWIM) Financials

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