Latham Group, Inc. (SWIM) Income Statement
SWIM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSWIM revenue and net income
Where SWIM's revenue goes
2025Each bar shows an amount and its share of revenue. SWIM kept 2.0% of revenue as net income.
SWIM profit margins
SWIM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.4% | −7.8% | +6.2% | — |
| Gross profit | +18.4% | −5.6% | +5.0% | — |
| Operating income | +67.3% | +0.6% | −5.2% | — |
| Net income | — | — | −7.0% | — |
| EPS (diluted) | +57.1% | −25.9% | +12.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SWIM quarterly EPS vs estimates
Latham beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.14).
SWIM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $545.9M | $508.5M | $566.5M | $695.7M | $630.5M | $403.4M | $318.0M |
| Cost of revenue | $363.8M | $354.8M | $413.5M | $479.3M | $426.3M | $260.6M | $219.8M |
| Gross profit | $182.1M | $153.7M | $152.9M | $216.5M | $204.2M | $142.8M | $98.2M |
| Sales, general & admin | $122.6M | $108.4M | $110.3M | $146.8M | $217.8M | $85.5M | $57.4M |
| Total operating expenses | $151.5M | $135.5M | $136.8M | $186.5M | $240.3M | $102.9M | $73.0M |
| Operating income | $30.6M | $18.3M | $16.1M | $30.0M | −$36.2M | $39.9M | $25.1M |
| Interest expense | $25.8M | $24.8M | $30.9M | $15.8M | $24.4M | $18.3M | $22.6M |
| Income before taxes | $13.5M | −$8.7M | −$10.1M | $13.7M | −$53.5M | $22.8M | $2.8M |
| Income taxes | $2.4M | $9.1M | −$7.7M | $19.4M | $8.8M | $6.8M | −$4.7M |
| Net income | $11.1M | −$17.9M | −$2.4M | −$5.7M | −$62.3M | $16.0M | $7.5M |
| EBITDA | $90.6M | $60.5M | $61.6M | $79.6M | $3.1M | $66.4M | $47.1M |
| EPS (diluted) | $0.11 | $0.07 | $0.06 | $0.27 | −$0.04 | $0.06 | $0.08 |
| Gross margin | 33.4% | 30.2% | 27.0% | 31.1% | 32.4% | 35.4% | 30.9% |
| Operating margin | 5.6% | 3.6% | 2.8% | 4.3% | −5.7% | 9.9% | 7.9% |
| Net margin | 2.0% | −3.5% | −0.4% | −0.8% | −9.9% | 4.0% | 2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.5M | $117.3M | $100.0M | $161.9M | $172.6M | $111.4M | $87.3M | $150.5M | $160.1M | $110.6M | $90.9M | $160.8M |
| Cost of revenue | $127.4M | $80.2M | $72.0M | $104.6M | $108.7M | $78.5M | $65.8M | $101.8M | $107.1M | $80.0M | $69.7M | $112.6M |
| Gross profit | $70.1M | $37.2M | $27.9M | $57.3M | $64.0M | $32.9M | $21.4M | $48.7M | $53.0M | $30.6M | $21.2M | $48.1M |
| Sales, general & admin | $37.6M | $36.6M | $31.4M | $28.6M | $31.9M | $30.6M | $27.2M | $28.3M | $26.6M | $26.2M | $21.6M | $23.4M |
| Total operating expenses | $45.0M | $43.8M | $38.7M | $35.8M | $39.2M | $37.8M | $34.5M | $35.3M | $33.0M | $32.7M | $30.2M | $30.1M |
| Operating income | $25.1M | −$6.6M | −$10.7M | $21.5M | $24.7M | −$4.9M | −$13.0M | $13.4M | $20.0M | −$2.1M | −$9.0M | $18.1M |
| Interest expense | $5.9M | $4.8M | $6.2M | $6.1M | $7.1M | $6.4M | $4.7M | $9.2M | $6.0M | $5.0M | $9.6M | $6.0M |
| Income before taxes | $18.9M | −$11.3M | −$13.2M | $15.6M | $21.1M | −$10.0M | −$21.0M | $5.9M | $13.7M | −$7.3M | −$16.2M | $12.8M |
| Income taxes | $6.1M | −$2.8M | −$6.2M | $7.5M | $5.1M | −$4.1M | $8.2M | −$43,000 | $442,000 | $532,000 | −$16.3M | $6.7M |
| Net income | $12.8M | −$8.5M | −$7.0M | $8.1M | $16.0M | −$6.0M | −$29.2M | $5.9M | $13.3M | −$7.9M | $112,000 | $6.2M |
| EBITDA | $38.5M | $6.5M | $6.4M | $34.5M | $41.0M | $8.7M | −$4.1M | $26.3M | $30.3M | $8.0M | $4.4M | $29.3M |
| EPS (diluted) | $0.11 | −$0.04 | −$0.04 | $0.08 | $0.12 | −$0.05 | −$0.13 | $0.08 | $0.15 | −$0.03 | $0.05 | $0.08 |
| Gross margin | 35.5% | 31.7% | 28.0% | 35.4% | 37.1% | 29.5% | 24.6% | 32.4% | 33.1% | 27.7% | 23.3% | 29.9% |
| Operating margin | 12.7% | −5.6% | −10.7% | 13.3% | 14.3% | −4.4% | −14.9% | 8.9% | 12.5% | −1.9% | −9.9% | 11.2% |
| Net margin | 6.5% | −7.3% | −7.0% | 5.0% | 9.3% | −5.4% | −33.4% | 3.9% | 8.3% | −7.1% | 0.1% | 3.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SWIM's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SWIM financial results
In fiscal year 2025 (ended December 31, 2025), Latham reported revenue of $545.9 million, up 7.4% from the year before. It had net income of $11.1 million, a net profit margin of 2.0%. Diluted earnings per share came to $0.11. Over five years revenue grew at an average rate of 6.2% a year.
See the SWIM stock overview for the latest quote and news, or the SWIM chart for price history and technical indicators.
SWIM income statement FAQ
What is Latham's annual revenue?
Latham reported total revenue of $545.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 7.4% from $508.5 million the previous year.
Is Latham profitable?
Yes. Latham reported net income of $11.1 million in fiscal 2025, a net profit margin of 2.0%; its operating margin was 5.6%.
What is Latham's gross margin?
Latham's gross margin was 33.4% in fiscal 2025: for every $100 of revenue, Latham kept $33 after the direct cost of its products and services.
How fast is Latham growing?
Revenue grew 6.2% a year on average over the last five fiscal years, from $403.4 million to $545.9 million.
What are Latham's earnings per share?
Latham earned $0.11 per diluted share in fiscal 2025, compared with $0.07 a year earlier.
When will Latham report its next earnings?
Latham is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Latham's fiscal year end?
Latham's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.