SWIM · NASDAQ · Construction Materials

Latham Group (SWIM)

Supplies fiberglass and vinyl-liner pools, covers, and liners for residential backyard projects.

$6.61
vs last close+0.21 (+3.20%)
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Latham Group, Inc.SWIM
Materials

Supplies in-ground residential pool systems across fiberglass pools, vinyl-liner packages, safety covers, and replacement liners. Operates as one reportable segment, with North America as the core market and Australia/New Zealand extending the fiberglass footprint.

Builds the business around fiberglass pools, package and vinyl-liner pools, automatic and all-season safety covers, and replacement liners, with spillover spas as an adjacent offering. Brands in the current lineup include Coverstar, CoverLogix, GLI Pool Products, Radiant Pools, Trilogy Pools, Viking, and Fort Wayne Pools.

Serves in-ground residential pool demand mainly in North America while also operating in Australia and New Zealand. The product mix spans the initial backyard installation and the follow-on liner and cover replacement cycle, giving the portfolio exposure to both new builds and later maintenance needs.

Execution depends on residential pool starts, homeowner spending, and continued uptake of fiberglass pools, which make up most of the in-ground pool business. Recent acquisitions have also shaped category breadth and the Australia/New Zealand footprint.

Company facts

CEOSean Gadd
ListedApr 23, 2021
ExchangeNASDAQ
HeadquartersLatham, NY
CountryUnited States
Employees1,800
CIK0001833197
ISINUS51819L1070

Market cap$751.4M
EPS (ttm)$0.0466
P/E (ttm)137.34
ROE1.3%
P/B1.83
P/S1.30
Dividend yieldDiv yield
Beta1.48vs XLB 0.87

Price target$8.50+32.8%Average of 8 analysts
ConsensusBuy4 of 8 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Mar 4, 2026Stifel NicolausTarget
Target: $8.75
Target: $9.50
Jan 15, 2026BarclaysReiterate
Rating: Target: $8
Rating: Equal WeightTarget: $7
Nov 5, 2025Stifel NicolausTarget
Target: $7
Target: $8.75
Nov 5, 2025BarclaysReiterate
Rating: Target: $6
Rating: Equal WeightTarget: $8

Next report
Nov 3, 26
in 42 days
EPS estimate
$0.16
Revenue estimate
$181.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.20−$0.03$0.14$0.08−$0.03−$0.06$0.12Pending
Estimate−$0.09−$0.05$0.13$0.10−$0.09−$0.05$0.16$0.16
Surprise−124.8%+40.0%+7.7%−20.0%+66.7%−20.0%−25.4%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$87.3M$111.4M$172.6M$161.9M$100.0M$117.3M$197.5MPending
Estimate$85.1M$110.9M$173.5M$164.9M$95.8M$118.4M$188.4M$181.4M
Surprise+2.5%+0.4%−0.5%−1.8%+4.3%−0.9%+4.8%
Estimate$0.16
ReportedDue Nov 3, 2026
Estimate$181.4M
ReportedDue Nov 3, 2026
View details

Debt to equity75.60%
Current ratio215.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$150.5M$87.3M$111.4M$172.6M$161.9M$100.0M$117.3M$197.5M
Net income$5.9M−$29.2M−$6.0M$16.0M$8.1M−$7.0M−$8.5M$12.8M
Net margin3.9%0.0%0.0%9.3%5.0%0.0%0.0%6.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$13.4M−$13.0M−$4.9M$24.7M$21.5M−$10.7M−$6.6M$25.1M
YoY growth−26.0%Loss widenedLoss widened+23.6%+60.9%Loss narrowedLoss widened+1.5%

Balance sheet, Jun 27, 2026Cash & short-term investments $43.5M · Total debt $311.0M · Total assets $860.4M · Shareholders' equity $411.4M

Revenue
$197.5M
Operating income
$25.1M
Net income
$12.8M
View details

No dividends on record.

Institutions92.97%109.38M shares
137 holders · as of Jun 30, 2026
Insiders3.36%3.95M shares
14 holders · as of Sep 10, 2026
Strategic holders0.28%332.8K shares
1 holder · as of Mar 18, 2025
Other3.39%3.99M shares
remainder

117.65M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Pamplona Capital Management, LLCInstitution
44.07%51.85Mas of Jun 30, 2026
Wellington Management Group LLPInstitution
9.66%11.36Mas of Jun 30, 2026
Kayne Anderson Rudnick Investment Management LLCInstitution
6.42%7.56Mfiled Feb 11, 2022
Ack Asset Management LLCInstitution
4.81%5.66Mas of Jun 30, 2026
Keybank National Association/OHInstitution
3.48%4.09Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 20, 2026Oliver C. Gloeofficer: CHIEF FINANCIAL OFFICER+15,050$4.90
May 19, 2026James E. Clinedirector+50,000$4.84
View details

  • POOLCORP

    Largest pool distributor in the same builder and renovation channel

  • Hayward

    Pool-equipment rival competing for the same builder and owner spend

  • Pentair

    Broad pool-segment rival spanning heating, filtration and controls

  • Waters

    ANZ-listed pool products rival with Swimart retail reach

Compare

CompanyPriceChange
Latham Group$6.61+3.20%$751.4M137.326.21.3+14.4%
POOLCORP$168.12+0.12%$6.12B15.414.81.1+2.2%
Hayward$12.98+0.74%$2.73B17.414.02.3+6.3%
Pentair$55.67−0.21%$8.90B14.011.42.2−17.0%
Waters$431.64+1.82%$41.62B105.727.69.0+113.3%
Median16.414.42.3+4.2%