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MARKETS / NASDAQ / Materials / Rubber and plastics / SWIM
NASDAQ · PLASTICS PRODUCTS, NEC

Latham Group, Inc. SWIM

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$545.9M
▲ 7.4% YoY
$11.1M
$38.0M
▼ 7.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It supports its dealer network with business development tools, co-branded marketing programs, and in-house training. Its operations consist of approximately 1,850 employees on average across approximately 30 locations. It conducts its business as one operating and reportable segment that designs, manufactures, and markets in-ground swimming pools, pool covers, and pool liners. It has an operating history that spans over 70 years.

Written from the business description in Latham Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth

USD 545.9M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 545.9 · Net income 11.1
250.0M500.0M
201920222025
Compound annual growth
−7.8%
+6.2%
−7.0%
−10.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.2% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.6% · Net 2.0%
5%-5%
201920222025
ROE
FY2025 · ROE 2.8%
2%4%6%-5%-10%-15%
201920222025
Three returns, three denominators.
Gross margin33.4%
Operating margin5.6%
Net margin2.0%
EBITDAUSD 81.9M

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 38.0
30M60M
201920222025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks 0.0
100.0M200.0M-25.0M-50.0M
201920202021202220232024
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 823.2M
EquityUSD 405.9M
CashUSD 71.0M
Gross debtUSD 279.8M
Net debtUSD 208.8M
Current ratio2.77×

Net debt stands at 51% of equity.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
SWIM, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B0.50.50.60.70.60.40.3
Operating income $B0.00.00.00.0−0.00.00.0
EBITDA $B0.10.10.10.1−0.00.10.0
Income tax $B0.00.0−0.00.00.00.0−0.0
Net income $B0.0−0.0−0.0−0.0−0.10.00.0
Free cash flow $B0.00.00.1−0.00.00.00.0
EPS, diluted $0.09−0.15−0.02−0.05−0.560.160.08
Dividend / sh $◌◌◌◌1.00◌◌
Payout % — not applicable: no dividend———————
ROE %2.8−4.5−0.6−1.5−19.66.74.0
Shares out B0.120.120.110.110.120.12◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 34 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPlastics Products, NEC
Listed onNASDAQ
Incorporated inNew York
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2018

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