SWIM Financials Latham Group, Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 6.2% per year over the past 5 years.
Net income has grown slower than revenue (-7.0% vs 6.2% per year).
Operating margin has contracted, at 5.6% in the latest year.
Free cash flow has declined 4.1% per year over the past 5 years.

Financial health

Total debt ($280M) exceeds cash ($71M); net debt is $209M.
Total debt has grown in line with revenue (4.8% vs 6.2% per year).
Operating income covered interest expense 1.2× in the latest year.
Total debt is 3.4× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$546M	$11M	33.4%	5.6%	$38M	$280M	$71M
2024	$509M	-$18M	30.2%	3.6%	$41M	$282M	$56M
2023	$566M	-$2M	27.0%	2.8%	$83M	$301M	$103M
2022	$696M	-$6M	31.1%	4.3%	-$7M	$313M	$33M
2021	$630M	-$62M	32.4%	-5.7%	$9M	$280M	$44M
2020	$403M	$16M	35.4%	9.9%	$47M	$221M	$59M
2019	$318M	$7M	30.9%	7.9%	$27M	—	$57M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$117M	-$9M	31.7%	-5.6%	-$58M	$311M	$27M
Dec '25	$100M	-$7M	28.0%	-10.7%	$14M	$280M	$71M
Sep '25	$162M	$8M	35.4%	13.3%	$45M	$281M	$71M
Jun '25	$173M	$16M	37.1%	14.3%	$29M	$281M	$27M
Mar '25	$111M	-$6M	29.5%	-4.4%	-$50M	$307M	$24M
Dec '24	$87M	-$29M	24.6%	-14.9%	-$98000	$282M	$56M
Sep '24	$150M	$6M	32.4%	8.9%	$33M	$283M	$60M
Jun '24	$160M	$13M	33.1%	12.5%	$48M	$282M	$91M
Mar '24	$111M	-$8M	27.7%	-1.9%	-$40M	$283M	$44M
Dec '23	$91M	$112000	23.3%	-9.9%	$23M	$301M	$103M
Sep '23	$161M	$6M	29.9%	11.2%	$47M	$302M	$78M
Jul '23	$177M	$6M	28.4%	7.6%	$37M	$312M	$43M
Apr '23	$138M	-$14M	24.2%	-4.6%	-$24M	$360M	$55M
Dec '22	$108M	-$19M	17.9%	-18.9%	$16M	$313M	$33M
Oct '22	$189M	$12M	31.1%	13.2%	$8M	$313M	$31M
Jul '22	$207M	$4M	32.7%	9.0%	$32M	$314M	$25M
Apr '22	$192M	-$3M	36.9%	3.5%	-$64M	$324M	$19M
Dec '21	$139M	-$6M	30.5%	-7.8%	-$1M	$280M	$44M
Oct '21	$162M	-$11M	31.5%	-1.6%	$9M	$234M	$91M
Jul '21	$181M	-$54M	32.3%	-23.4%	$47M	$237M	$77M

Valuation over time

How the market has priced SWIM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 67.0× (Dec '25) to 67.1× (Jun '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 1.4× (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is SWIM growing its revenue and profit?

Over the past 5 years, Latham Group, Inc.'s revenue has grown 6.2% per year, and net income declined 7.0% per year. These are computed facts, not advice.

How much debt does SWIM have?

As of FY2025, Latham Group, Inc. reported $280M of total debt against $71M of cash; operating income covered interest expense 1.2×.

What is SWIM's profit margin?

In FY2025, gross margin was 33.4%, operating margin 5.6%, and net margin 2.0%.

What is SWIM's P/E ratio?

As of Jun '26, Latham Group, Inc. traded at a price-to-earnings ratio of about 67.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.