Hayward Holdings, Inc. (HAYW) Key Metrics
HAYW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.51B
- Enterprise value
- $3.19B
- P/E (TTM)
- 16.2 10-yr median 25.8
- Forward P/E
- 13.0
- PEG ratio
- 1.11
- Price / sales
- 2.1 10-yr median 3.1
- Price / book
- 1.7 10-yr median 2.3
- EV / EBITDA
- 10.2 10-yr median 14.9
- Dividend yield
- —
- Beta
- 1.18
HAYW key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHAYW valuation Price multiples at each fiscal year-end price.
HAYW returns How much profit the business earns on the capital it uses.
HAYW per-share figures Results divided by the shares outstanding at year-end.
HAYW financial health Debt, liquidity and how easily interest is covered.
HAYW efficiency & capital use Working capital cycle and where the cash goes.
HAYW valuation history
HAYW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HAYW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HAYW cash returned to shareholders
HAYW price vs earnings per share
HAYW key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $3.43B | $3.38B | $3.00B | $2.16B | $5.26B | — | — |
| Enterprise value | $3.05B | $4.16B | $3.96B | $3.21B | $5.99B | — | — |
| P/E ratio | 22.7 | 28.5 | 37.2 | 12.0 | 25.8 | — | — |
| Price / sales | 3.1 | 3.2 | 3.0 | 1.6 | 3.8 | — | — |
| Price / book | 2.2 | 2.4 | 2.3 | 1.8 | 3.8 | — | — |
| Price / free cash flow | 15.2 | 18.0 | 19.5 | 25.0 | 32.8 | — | — |
| Price / operating cash flow | 13.4 | 16.0 | 16.3 | 18.6 | 28.1 | — | — |
| EV / sales | 2.7 | 4.0 | 4.0 | 2.4 | 4.3 | — | — |
| EV / EBITDA | 10.1 | 14.9 | 16.3 | 9.4 | 16.5 | — | — |
| EV / free cash flow | 13.5 | 22.2 | 25.8 | 37.2 | 37.3 | — | — |
| Earnings yield | 4.4% | 3.5% | 2.7% | 8.3% | 3.9% | — | — |
| Free cash flow yield | 6.6% | 5.5% | 5.1% | 4.0% | 3.0% | — | — |
| Dividend yield | — | — | — | 0.0% | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.0% | 0.0% | 15.9% | 0.2% | — | — |
| Share price at fiscal year-end | $15.45 | $15.29 | $13.60 | $9.40 | $26.23 | — | — |
| Per share | |||||||
| Revenue per share | $5.05 | $4.75 | $4.50 | $5.72 | $6.99 | $18.90 | $15.83 |
| Earnings per share | $0.68 | $0.54 | $0.37 | $0.78 | $1.02 | $0.93 | $0.18 |
| Operating cash flow per share | $1.15 | $0.96 | $0.84 | $0.50 | $0.93 | $4.62 | $2.03 |
| Free cash flow per share | $1.01 | $0.85 | $0.70 | $0.38 | $0.80 | $4.28 | $1.45 |
| Cash per share | $1.80 | $0.89 | $0.92 | $0.24 | $1.33 | $2.48 | $1.02 |
| Book value per share | $7.17 | $6.43 | $5.94 | $5.32 | $6.83 | $17.35 | $3.54 |
| Tangible book value per share | $2.49 | −$2.49 | −$2.99 | −$3.41 | −$3.17 | −$26.57 | −$41.12 |
| Dividends per share | — | — | — | $0.00 | $0.00 | $5.94 | $0.01 |
| Capex per share | $0.14 | $0.11 | $0.14 | $0.13 | $0.14 | $0.34 | $0.58 |
| Debt per share | $0.06 | $4.41 | $5.27 | $4.84 | $4.95 | $28.13 | $24.79 |
| Shares outstanding | 222.2M | 221.4M | 220.7M | 229.7M | 200.6M | 46.3M | 46.3M |
| Change in shares outstanding | +0.4% | +0.3% | −3.9% | +14.5% | +333.0% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 10.0% | 8.7% | 6.4% | 13.8% | 18.7% | 8.9% | 5.2% |
| Return on invested capital (ROIC) | 11.4% | 7.9% | 6.6% | 10.3% | 12.8% | 6.6% | 4.6% |
| Return on assets (ROA) | 4.9% | 4.0% | 2.8% | 6.1% | 7.3% | 1.7% | 0.3% |
| Return on tangible assets | 7.2% | 11.7% | 8.3% | 20.6% | 21.0% | 7.6% | 1.6% |
| Free cash flow margin | 20.1% | 17.9% | 15.5% | 6.6% | 11.4% | 22.6% | 9.2% |
| Income quality (OCF / net income) | 1.69 | 1.79 | 2.29 | 0.65 | 0.92 | 4.94 | 11.02 |
| Financial health | |||||||
| Total debt | $13.3M | $975.4M | $1.16B | $1.11B | $992.8M | $1.30B | $1.15B |
| Cash & short-term investments | $399.1M | $196.6M | $203.1M | $56.2M | $265.8M | $114.9M | $47.2M |
| Net debt | −$385.8M | $778.8M | $960.0M | $1.06B | $727.0M | $1.19B | $1.10B |
| Debt / equity | 0.01 | 0.69 | 0.89 | 0.91 | 0.72 | 1.62 | 7.00 |
| Debt / assets | 0.00 | 0.33 | 0.39 | 0.39 | 0.33 | 0.50 | 0.44 |
| Net debt / EBITDA | −1.28 | 2.79 | 3.94 | 3.08 | 2.01 | 6.32 | 7.08 |
| Current ratio | 2.94 | 2.45 | 3.02 | 2.63 | 2.47 | 1.94 | 2.75 |
| Quick ratio | 2.29 | 1.76 | 2.13 | 1.41 | 1.70 | 1.28 | 1.77 |
| Interest coverage | 4.0 | 3.2 | 2.6 | 5.7 | 6.5 | 2.0 | 1.0 |
| Working capital | $628.0M | $454.0M | $485.1M | $379.9M | $446.7M | $205.8M | $245.4M |
| Invested capital | $1.21B | $2.20B | $2.27B | $2.28B | $2.10B | $1.99B | $1.26B |
| Tangible asset value | $552.9M | −$550.4M | −$659.9M | −$782.5M | −$636.8M | −$1.23B | −$1.90B |
| Net current asset value | −$606.7M | −$800.0M | −$910.1M | −$1.04B | −$858.4M | −$1.38B | −$2.05B |
| Graham number | $10.49 | $8.81 | $6.99 | $9.67 | $12.49 | $19.10 | $3.83 |
| Graham net-net per share | −$3.79 | −$4.74 | −$5.05 | −$5.56 | −$5.34 | −$32.61 | −$47.17 |
| Capital allocation | |||||||
| Dividends paid | — | — | — | $0 | $41,000 | $275.2M | $416,000 |
| Share buybacks (net) | $5.0M | $378,000 | $340,000 | $343.3M | $9.5M | $2.5M | $1.0M |
| Dividend payout ratio | — | — | — | 0.0% | 0.0% | 635.5% | 4.9% |
| Dividends + buybacks / free cash flow | 2.2% | 0.2% | 0.2% | 397.8% | 6.0% | 140.1% | 2.1% |
| Capex / revenue | 2.7% | 2.3% | 3.1% | 2.3% | 1.9% | 1.8% | 3.6% |
| Capex / operating cash flow | 12.0% | 11.5% | 16.8% | 25.6% | 14.5% | 7.3% | 28.4% |
| Capex / depreciation | 0.54 | 0.43 | 0.58 | 0.51 | 0.47 | 0.25 | 0.42 |
| Stock-based compensation / revenue | 1.2% | 1.0% | 0.9% | 0.6% | 1.1% | 0.2% | 0.2% |
| R&D / revenue | 2.4% | 2.5% | 2.5% | 1.7% | 1.6% | 2.3% | 2.7% |
| SG&A / revenue | 22.0% | 24.8% | 23.4% | 18.9% | 19.1% | 22.3% | 24.5% |
| Efficiency | |||||||
| Days sales outstanding | 92.0 | 98.2 | 95.1 | 61.7 | 45.3 | 67.8 | 92.0 |
| Days of inventory on hand | 127.6 | 143.3 | 166.8 | 126.0 | 88.8 | 99.8 | 110.8 |
| Days payables outstanding | 47.3 | 49.9 | 41.1 | 34.5 | 36.8 | 43.5 | 43.2 |
| Cash conversion cycle (days) | 172.3 | 191.6 | 220.8 | 153.2 | 97.3 | 124.1 | 159.7 |
| Receivables turnover | 3.97 | 3.72 | 3.84 | 5.91 | 8.05 | 5.39 | 3.97 |
| Payables turnover | 7.71 | 7.31 | 8.88 | 10.59 | 9.91 | 8.39 | 8.46 |
| Inventory turnover | 2.86 | 2.55 | 2.19 | 2.90 | 4.11 | 3.66 | 3.29 |
| Asset turnover | 0.37 | 0.35 | 0.34 | 0.45 | 0.50 | 0.34 | 0.28 |
| Average receivables | $282.9M | $282.9M | $258.6M | $222.2M | $174.2M | $162.6M | $184.9M |
| Average payables | $79.2M | $75.2M | $61.5M | $70.7M | $78.5M | $61.5M | $53.4M |
| Average inventory | $213.6M | $215.8M | $249.4M | $258.6M | $189.4M | $141.2M | $137.1M |
| Intangibles / total assets | 33.0% | 66.0% | 66.9% | 69.8% | 67.4% | 78.0% | 79.5% |
Computed from HAYW's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HAYW valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hayward traded at 22.7 times earnings, against a 7-year median of 25.8. Based on the latest twelve months, the trailing P/E is 16.2 and the forward P/E is 13.0. Hayward earned a return on equity of 10.0% and a return on invested capital of 11.4% in fiscal 2025. It ended the year with $13.3 million of debt and $399.1 million in cash and short-term investments, a net cash position of $385.8 million. It returned $5.0 million to shareholders: $0 in dividends and $5.0 million in share buybacks, 2% of free cash flow. The share count rose 379.8% from 46.3M to 222.2M over 6 years.
See the HAYW income statement, the HAYW chart for price history, or the HAYW stock overview for the latest quote and news.
HAYW key metrics FAQ
What is Hayward's P/E ratio?
Hayward's trailing P/E ratio is 16.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.0. At the end of fiscal 2025 it was 22.7, compared with a 7-year median of 25.8.
What is Hayward's EV/EBITDA?
Hayward's enterprise value was 10.1 times EBITDA at the end of fiscal 2025 (enterprise value $3.0 billion, EBITDA $301.8 million); the current EV/EBITDA is 10.2.
What is Hayward's return on equity?
Hayward's return on equity (ROE) was 10.0% in fiscal 2025: net income of $151.6 million on average shareholders' equity of $1.5 billion.
What is Hayward's ROIC?
Hayward's return on invested capital was 11.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hayward have?
Hayward had total debt of $13.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Hayward buy back its shares?
Yes. Hayward spent $5.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.4% over the year, to 222.2M..
What is Hayward's free cash flow yield?
Hayward generated $225.4 million of free cash flow in fiscal 2025, a free cash flow yield of 6.6% on its market value at year-end ($3.4 billion).
What is Hayward's current ratio?
Hayward's current ratio was 2.94 at the end of fiscal 2025: current assets were 2.94 times current liabilities.