Latham Group, Inc.

NASDAQ•SWIM

CEO: Mr. Scott M. Rajeski

Sector: Industrials

Industry: Construction

Listing Date: 2021-04-23

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names. 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.

Contact Information

787 Watervliet Shaker Road, Latham, NY, 12110, United States

800-833-3800

ir.lathampool.com

Market Cap

$702.94M

P/E (TTM)

63.2

64.8

Dividend Yield

52W High

$8.97

52W Low

$4.56

52W Range

33%

Rank59Top 87.6%

2.2

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Weak • 2.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$99.95M+0.00%

4-Quarter Trend

EPS

-$0.06+0.00%

4-Quarter Trend

FCF

$2.08M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Annual Revenue Growth Net sales 545.9M USD, up 7.4% from 508.5M USD, driven by volume increases and tariff-related pricing adjustments during fiscal year 2025.

Significant Net Income Turnaround Net income 11.1M USD, improving from 17.9M USD loss, reflecting 2.0% net income margin for fiscal year 2025, compared to 2024.

Adjusted EBITDA Margin Expansion Adjusted EBITDA 99.8M USD, up 24.4% from 80.2M USD, with margin expanding to 18.3% from 15.8% in 2024, reflecting operational efficiency.

Risk Factors

Inflationary Cost Pressure Risks Rising labor and raw material costs, coupled with tariff impacts, could reduce net sales and gross margins if price increases are unmitigated.

Substantial Debt Obligation Risks Substantial 279.8M USD term loan debt limits financial flexibility, requiring significant cash flow for interest and principal payments through 2029 maturity date.

Seasonality and Weather Risks Sales concentrated in second and third quarters; adverse weather conditions significantly impact demand and cause quarterly reporting variability, affecting overall financial performance.

Cybersecurity Threat Exposure Risks Potential breaches of information technology infrastructure could disrupt operations, damage reputation, and lead to significant remediation costs and litigation for the company.

Outlook

Sand States Market Expansion Targeting Florida, Texas, Arizona, and California to drive fiberglass pool conversion and automatic safety cover adoption, capturing market share in 2026.

Strategic Growth Through Acquisitions Continuing to acquire high-quality businesses, like Freedom Pools, to expand geographic reach, product portfolio, and drive operational efficiencies in future periods.

Digital Transformation Investment Focus Investing in digital platforms and AI-powered tools like Measure to enhance lead quality and dealer relationships throughout the 2026 fiscal year.

Peer Comparison

Revenue (TTM)

HTZ

$8.50B

-6.0%

ULCC

$3.72B

-1.4%

$1.85B

+28.4%

Gross Margin (Latest Quarter)

SFL

58.4%

-10.0pp

THR

46.6%

+2.0pp

ULCC

46.5%

+18.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
THR	$1.53B	26.0	11.4%	21.2%
SFL	$1.31B	-49.6	-2.6%	70.5%
HTZ	$1.22B	-1.6	193.8%	86.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-3.6%

Flat Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:May 4, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data