Latham Group (SWIM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Latham Group

NasdaqGS•Industrials•Building Products & Equipment

$7.10+0.19(0.03%)Market closed

Market Cap

$751.85M

P/E

141.2x

P/S

1.3x

P/B

1.8x

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers in-ground swimming pools, including fiberglass and packaged pools; and covers, such as automatic safety and all-season pool covers; and liners. It sells its products directly to dealers and distributors who warehouse the products and sell to dealers under the Latham, The Pool Company brand name, as well as sub-brands comprising Narellan, CoverStar, Radiant, and GLI brands. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability15/25

Growth22/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowRising earningsCash-backed earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 141.2x5y range 30.0x – 141.2x

Currently above its 7-quarter median.

P/S · 1.3x5y range 0.5x – 4.4x

Currently near its 19-quarter median.

P/B · 1.8x5y range 0.7x – 7.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $751.85M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $576.64M
Q. Revenue: $197.47M
TTM EBITDA: $107.85M
TTM Op. Income: $29.28M
Q. Op. Income: $25.09M
TTM Net Income: $5.33M
Q. Net Income: $12.75M
EPS: $0.11
Shares Out.: $117.48M

$576.64M in TTM revenue grew 10.5% YoY, reaching $197.47M last quarter. TTM EBITDA of $107.85M and TTM operating income of $29.28M show growth is flowing through to the bottom line. TTM net income of $5.33M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 35.5%
EBITDA Margin: 19.6%
Op. Margin: 12.7%
Net Margin: 6.5%

Op. margin of 12.7% is down 1.6% YoY — costs are rising relative to revenue. Net margin at 6.5% and gross margin of 35.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 141.2x
P/S Ratio: 1.3x
P/B Ratio: 1.8x

At 141.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.3x and P/B of 1.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 4 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $860.37M
Cash: $43.48M
Long-Term Debt: $276.56M
Book Value: $411.43M
D/E Ratio: 0.7
Debt/EBITDA: 7.1

With $860.37M in assets and $276.56M in long-term debt, D/E is 0.7and book value is $411.43M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 4% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $53.50M
TTM Free Cash Flow: $49.02M
FCF Margin: 8.5%
FCF / Net Income: 9.2

TTM FCF of $49.02M on $53.50M in operating cash flow. The FCF / Net Income ratio of 9.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 313% — an improving trend.