Latham Group, Inc. (SWIM) Stock

Latham Group, Inc. (SWIM) is a Materials stock trading at $7.04 (as of 2026-08-21), with a market capitalization of $826.58M and a trailing P/E of 217.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools and related products. Its offerings include in-ground swimming pools plus accessories such as pool covers and pool liners, sold across North America, Australia, and New Zealand.

Understand Latham Group, Inc.: how it makes money

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools and related products like pool covers and pool liners, generating revenue from selling these pool systems and accessories to customers and through dealers in North America, Australia, and New Zealand.

Profitability is driven by whether Latham can offset demand softness in its core products (in-ground pools, covers, liners) with production and labor efficiency improvements in its North American fiberglass pool operations.

Revenue by segment (latest quarter)
In-Ground$0.1B
Covers$0.0B
Liners$0.0B

Business quality (Weak): The business is straightforward (pools and accessories), but the provided data shows product sales declines alongside negative operating margin, so investors should focus on execution metrics (production time and labor efficiency) and whether demand stabilizes.

Valuation: At 92× earnings, SWIM trades 287% above the Rubber & Plastic Products average (24×). Note: one-time items can distort reported P/E.

Bull case

  • Production execution improved: Latham reported a 27.0% reduction in production time across North American fiberglass plants.
  • Operational labor efficiency improved: The company reported an 8.0% labor efficiency improvement in safety cover and vinyl liner manufacturing.
  • Marketing and lead generation indicators: Latham reported an 18.0% increase in leads to dealers and a 34.0% increase in consumer sessions on its website.

Bear case

  • Core product demand pressure: In-ground pool sales declined by 10.6%.
  • Accessory categories also declined: Pool cover sales declined by 11.3%, and liner sales declined by 7.2%.
  • Operating results were weak: For the period ended 2026-03-28, operating margin was -5.6%.
Valuation — source: SEC EDGAR (first-party)
Price$7.04
Market Cap$826.58M
P/E Ratio217.3
EV / EBITDA8.6
Price / Book2.01
Price / Sales1.39
FCF Yield-12.4%
DCF Value (model)$6.17
DCF Upside vs Price-12.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$545.91M
Net Margin2.0%
Revenue Growth (YoY)7.4%
EPS Growth (YoY)-166.7%
FCF Growth (YoY)-7.6%
Financial Health — source: SEC EDGAR
Altman Z-Score2.06 (grey)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E217.3
Sector P/E (Materials)25.9
Industry P/E (Rubber & Plastic Products)24.5
vs Sector738.9%
vs Industry788.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPamplona Capital Management, LLC ($278.41M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustryRubber & Plastic Products
CEOSean Gadd
Employees1,800
CountryUS
IPO Date2021-04-23

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SWIM earnings history · SWIM institutional & insider holders · SWIM KPIs & operating metrics · SWIM financials · SWIM investor presentations & press releases · SWIM SEC filings · SWIM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.