Latham Group, Inc. (SWIM) Financial Statements
Industry: Plastics Products (Other)
In fiscal 2025, Latham reported revenue of $545.9M, up 7.4% from $508.5M the year before. Net income was $11.1M (a 2.0% net margin), or $0.09 per diluted share. Gross margin was 33.4% and operating margin was 5.6%. Operating activities generated $63.4M of cash, leaving $38.0M of free cash flow. At fiscal year end, Latham held $823.2M in total assets against $417.4M in total liabilities.
Open the full interactive Latham financials → Quarterly statements, key ratios, valuation history and price charts.
Latham Key Stats
| Share Price | $6.09 |
|---|---|
| Market Cap | $728.0M |
| P/E Ratio | 67.7 |
| Revenue YoY Growth | +7.3% |
| 52-Week Range | $4.76 – $7.98 |
| Shares Outstanding | 117.5 million (basic, 2026 Q2) |
Latham Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $630.5M | $695.7M | $566.5M | $508.5M | $545.9M |
| Gross Profit | $204.2M | $216.5M | $152.9M | $153.7M | $182.1M |
| Operating Income | -$36.2M | $30.0M | $16.1M | $18.3M | $30.6M |
| Pre-Tax Income | -$53.5M | $13.7M | -$10.1M | -$8.7M | $13.5M |
| Income Tax | $8.8M | $19.4M | -$7.7M | $9.1M | $2.4M |
| Net Income | -$62.3M | -$5.7M | -$2.4M | -$17.9M | $11.1M |
| Diluted EPS | -$0.56 | -$0.05 | -$0.02 | -$0.15 | $0.09 |
Latham Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $161.9M | $100.0M | $117.3M | $197.5M |
| Net Income | $8.1M | -$7.0M | -$8.5M | $12.8M |
| Diluted EPS | $0.07 | -$0.06 | -$0.07 | $0.11 |
Latham Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Current Assets | $229.1M | $255.0M | $238.6M | $178.3M | $219.0M |
| Total Assets | $794.5M | $869.7M | $835.0M | $794.2M | $823.2M |
| Current Liabilities | $115.2M | $86.9M | $86.2M | $71.0M | $79.1M |
| Total Long-Term Debt | $284.0M | $312.9M | $301.2M | $281.5M | $279.8M |
| Total Liabilities | $440.8M | $486.9M | $435.8M | $407.0M | $417.4M |
| Shareholders' Equity | $353.6M | $382.8M | $399.2M | $387.2M | $405.9M |
Latham Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $33.7M | $32.3M | $116.4M | $61.3M | $63.4M |
| Cash From Investing | -$108.2M | -$45.0M | -$31.7M | -$84.6M | -$42.3M |
| Cash From Financing | $60.0M | $3.8M | -$13.9M | -$22.0M | -$7.0M |
| Free Cash Flow | $8.7M | -$7.4M | $83.2M | $41.2M | $38.0M |
Figures from Latham's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Latham financials page for every line item.
Latham Company Profile
| Ticker | SWIM |
|---|---|
| Exchange | Nasdaq |
| Industry | Plastics Products (Other) |
| Headquarters | Latham, New York |
| Incorporated in | New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001833197 |
Frequently Asked Questions
What was Latham's revenue in fiscal 2025?
Latham (SWIM) reported revenue of $545.9M for fiscal 2025.
What is Latham's annual revenue history?
Latham's annual revenue by fiscal year: 2021: $630.5M; 2022: $695.7M; 2023: $566.5M; 2024: $508.5M; 2025: $545.9M.
What was Latham's net income in fiscal 2025?
Latham reported net income of $11.1M for fiscal 2025.
What was Latham's earnings per share (EPS) in fiscal 2025?
Latham's diluted EPS was $0.09 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Latham generate in fiscal 2025?
Latham generated $38.0M of free cash flow in fiscal 2025.
What was Latham's revenue last quarter?
In its most recent reported quarter (2026 Q2), Latham reported revenue of $197.5M.
How much debt does Latham have?
Latham reported $279.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Latham are outstanding?
Latham reported a weighted average of 117.5 million basic shares outstanding in 2026 Q2.
What is Latham's market cap?
Based on its latest closing price, Latham (SWIM) has a market capitalization of about $728.0M.
When does Latham's fiscal year end?
Latham's fiscal year end, as registered with the SEC, is December 31.
Where is Latham headquartered?
Latham lists its business address in Latham, New York in its SEC filings.