Latham Group, Inc. (SWIM) Key Metrics

NASDAQ: SWIMValuation, returns, debt and efficiency ratios over 7 years.

SWIM valuation today

Trailing 12 months · as of October 18, 2026
Market cap
$720.0M
Enterprise value
$1.01B
P/E (TTM)
122.4
Forward P/E
—
PEG ratio
—
Price / sales
1.2
10-yr median 1.4
Price / book
1.8
10-yr median 1.9
EV / EBITDA
11.8
10-yr median 11.0
Dividend yield
—
Beta
1.66

SWIM key metrics, 2019–2025

Fiscal year ended December 31, 2025 · U.S. dollars

SWIM valuation Price multiples at each fiscal year-end price.

Price / sales−11.8%
1.4
2025 · hover or tap a bar for each year
2021: 4.42022: 0.5 (−88.1%)2023: 0.5 (0.0%)2024: 1.6 (+201.4%)2025: 1.4 (−11.8%)
20192025
Price / book−9.6%
1.9
2025 · hover or tap a bar for each year
2021: 7.82022: 1.0 (−87.8%)2023: 0.7 (−21.9%)2024: 2.1 (+179.0%)2025: 1.9 (−9.6%)
20192025
EV / EBITDA−36.8%
11.0
2025 · hover or tap a bar for each year
2021: 959.42022: 8.6 (−99.1%)2023: 8.6 (−0.4%)2024: 17.5 (+104.1%)2025: 11.0 (−36.8%)
20192025
Price / free cash flow+49.8%
29.2
2025 · hover or tap a bar for each year
2021: 317.82023: 3.62024: 19.5 (+446.4%)2025: 29.2 (+49.8%)
20192025
Free cash flow yield−1.7 pts
3.4%
2025 · hover or tap a bar for each year
2021: 0.3%2022: −2.0% (−2.3 pts)2023: 28.0% (+30.0 pts)2024: 5.1% (−22.9 pts)2025: 3.4% (−1.7 pts)
20192025

SWIM valuation history

Fiscal year-endToday7-year median

SWIM returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

SWIM debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

SWIM cash returned to shareholders

DividendsBuybacksFree cash flow

SWIM price vs earnings per share

Share price at year-endEPS (right axis)

SWIM key metrics

2019–2025
Latham Group, Inc. key metrics by fiscal year
2025202420232022202120202019
Valuation
Market capitalization$760.9M$803.4M$296.9M$364.7M$2.77B——
Enterprise value$1.00B$1.06B$527.3M$684.2M$3.01B——
P/E ratio68.4——————
Price / sales1.41.60.50.54.4——
Price / book1.92.10.71.07.8——
Price / free cash flow29.219.53.6—317.8——
Price / operating cash flow14.813.12.611.382.2——
EV / sales1.82.10.91.04.8——
EV / EBITDA11.017.58.68.6959.4——
EV / free cash flow38.425.76.3—344.9——
Earnings yield1.5%−2.2%−0.8%−1.6%−2.3%——
Free cash flow yield3.4%5.1%28.0%−2.0%0.3%——
Dividend yield——0.0%0.0%4.0%——
Shareholder yield (dividends + buybacks)—0.0%2.7%77.0%14.1%——
Share price at fiscal year-end$6.35$6.96$2.63$3.22$25.03——
Per share
Revenue per share$4.56$4.41$5.02$6.14$5.70$3.35$2.64
Earnings per share$0.09−$0.15−$0.02−$0.05−$0.56$0.13$0.06
Operating cash flow per share$0.43$0.53$1.03$0.29$0.30$0.52$0.30
Free cash flow per share$0.22$0.36$0.74−$0.07$0.08$0.39$0.23
Cash per share$0.59$0.49$0.91$0.29$0.40$0.49$0.47
Book value per share$3.39$3.35$3.54$3.38$3.20$2.34$1.61
Tangible book value per share−$0.15−$0.51−$0.13−$0.51−$1.03−$1.03−$1.38
Dividends per share——$0.00$0.00$0.99$0.00$0.00
Capex per share$0.21$0.17$0.29$0.35$0.23$0.14$0.07
Debt per share$2.60$2.69$2.95$3.11$2.53$1.84$1.85
Shares outstanding119.8M115.4M112.9M113.2M110.6M120.4M120.4M
Change in shares outstanding+3.8%+2.2%−0.3%+2.4%−8.1%0.0%—
Returns & profitability
Return on equity (ROE)2.8%−4.5%−0.6%−1.5%−19.6%6.7%3.8%
Return on invested capital (ROIC)3.9%2.3%1.9%2.3%−5.5%7.0%7.0%
Return on assets (ROA)1.4%−2.2%−0.3%−0.7%−8.7%2.7%1.4%
Return on tangible assets2.8%−5.1%−0.6%−1.3%−19.0%6.6%4.5%
Free cash flow margin4.8%8.1%14.7%−1.1%1.4%11.6%8.6%
Income quality (OCF / net income)4.62————3.954.78
Financial health
Total debt$311.4M$310.8M$333.1M$352.2M$280.4M$221.5M$223.2M
Cash & short-term investments$71.0M$56.4M$102.8M$32.6M$44.0M$59.3M$56.7M
Net debt$240.4M$254.4M$230.4M$319.6M$236.5M$162.2M$166.6M
Debt / equity0.770.800.830.920.790.791.15
Debt / assets0.380.390.400.400.350.340.42
Net debt / EBITDA2.654.203.744.0175.472.443.54
Current ratio2.772.512.772.941.991.782.54
Quick ratio1.821.431.641.031.041.091.83
Interest coverage1.20.70.51.9-1.52.21.1
Working capital$139.9M$107.3M$152.4M$168.1M$113.9M$73.4M$77.5M
Invested capital$646.3M$641.7M$629.6M$702.4M$590.1M$443.8M$360.4M
Tangible asset value−$17.4M−$58.3M−$15.0M−$57.8M−$113.5M−$123.6M−$166.2M
Net current asset value−$198.4M−$228.7M−$197.2M−$231.9M−$211.8M−$197.7M−$204.2M
Graham number$2.66————$2.64$1.50
Graham net-net per share−$2.25−$2.47−$2.31−$2.94−$2.65−$2.04−$1.94
Capital allocation
Dividends paid——$0$0$110.0M$582,000$200,000
Share buybacks (net)—$0$8.0M$280.7M$281.6M$0$200,000
Dividend payout ratio—————3.6%2.7%
Dividends + buybacks / free cash flow—0.0%9.7%——1.2%1.5%
Capex / revenue4.7%4.0%5.9%5.7%4.0%4.0%2.6%
Capex / operating cash flow49.4%32.8%28.5%122.8%74.1%25.8%22.9%
Capex / depreciation0.490.450.811.040.770.640.38
Stock-based compensation / revenue1.7%1.5%3.3%7.3%20.4%0.5%0.3%
SG&A / revenue22.5%21.3%19.5%21.1%34.5%21.2%18.0%
Efficiency
Days sales outstanding29.524.326.630.429.531.036.1
Days of inventory on hand76.389.6115.8104.674.770.359.1
Days payables outstanding16.315.618.824.228.027.720.1
Cash conversion cycle (days)89.598.3123.6110.976.273.775.1
Receivables turnover12.3615.0313.7212.0012.3711.7710.12
Payables turnover22.4423.4419.4315.1113.0313.1918.18
Inventory turnover4.794.073.153.494.895.196.17
Asset turnover0.680.620.660.840.870.690.60
Average receivables$44.2M$33.8M$41.3M$58.0M$51.0M$34.3M$31.4M
Average payables$16.2M$15.1M$21.3M$31.7M$32.7M$19.8M$12.1M
Average inventory$76.0M$87.1M$131.2M$137.4M$87.2M$50.2M$35.6M
Intangibles / total assets51.4%56.1%49.6%50.7%58.8%62.7%68.5%

Computed from SWIM's annual financial statements (latest annual report filed March 4, 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.

SWIM valuation and financial ratios

At the end of fiscal 2025 (December 31, 2025), Latham traded at 68.4 times earnings. Based on the latest twelve months, the trailing P/E is 122.4. Latham earned a return on equity of 2.8% and a return on invested capital of 3.9% in fiscal 2025. It ended the year with $311.4 million of debt and $71.0 million in cash and short-term investments, net debt of $240.4 million.

See the SWIM income statement, the SWIM chart for price history, or the SWIM stock overview for the latest quote and news.

SWIM key metrics FAQ

What is Latham's P/E ratio?

Latham's trailing P/E ratio is 122.4 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 68.4.

What is Latham's EV/EBITDA?

Latham's enterprise value was 11.0 times EBITDA at the end of fiscal 2025 (enterprise value $1.0 billion, EBITDA $90.6 million); the current EV/EBITDA is 11.8.

What is Latham's return on equity?

Latham's return on equity (ROE) was 2.8% in fiscal 2025: net income of $11.1 million on average shareholders' equity of $396.5 million.

What is Latham's ROIC?

Latham's return on invested capital was 3.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does Latham have?

Latham had total debt of $311.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.77 and $240.4 million of net debt (2.65 times EBITDA).

What is Latham's free cash flow yield?

Latham generated $26.0 million of free cash flow in fiscal 2025, a free cash flow yield of 3.4% on its market value at year-end ($760.9 million).

What is Latham's current ratio?

Latham's current ratio was 2.77 at the end of fiscal 2025: current assets were 2.77 times current liabilities.

Building Products & Equipment key metrics