Latham Group (SWIM) Financial Statements & Analysis

Latham Group (SWIM) Income Statement

Latham Group reported revenue of $545.91M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 7.4% from $508.52M a year earlier. Net income was $11.12M, a net margin of 2.0%. Gross margin was 33.4% and operating margin 5.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $197.47M, up 14.4% from the same quarter a year earlier.

Latham Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Latham Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	545.91	508.52	566.49	695.74	630.46	403.39	317.98
Cost of Revenue	363.82	354.78	413.55	479.27	426.29	260.62	219.82
Gross Profit	182.09	153.74	152.94	216.47	204.16	142.77	98.16
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	122.57	108.36	110.30	146.84	217.78	85.53	57.39
Operating Expenses	151.51	135.47	136.82	186.46	240.34	102.87	73.03
Operating Income	30.58	18.28	16.13	30.01	-36.18	39.90	25.13
Other Income/Expense
Interest Income	0.00	4.06	0.00	4.23	2.22	0.00	0.00
Interest Expense	25.81	-24.84	30.92	15.75	24.43	18.25	22.64
Other Income/Expense	8.71	-14.54	-26.19	-0.54	7.08	-17.14	-22.34
Income
Income Before Tax	13.49	-8.74	-10.06	13.72	-53.53	22.76	2.79
Income Tax Expense	2.36	9.12	-7.67	19.42	8.82	6.78	-4.67
Net Income	11.12	-17.86	-2.39	-5.69	-62.35	15.98	7.46
Net Income - Continuous Operations	11.12	-17.86	-2.39	-5.69	-62.35	15.98	7.46
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	90.65	62.72	61.61	67.65	3.13	66.38	47.08
EBIT	39.29	18.28	16.13	29.47	-29.10	39.90	-
Depreciation & Amortization	28.94	44.45	40.75	28.18	22.57	25.37	21.66
Earnings Per Share
Basic EPS	-	-	-	-	-1.00	-	-
Diluted EPS	-	-	-	-	-1.00	-	-
Basic Shares Outstanding	116.42	115.43	112.90	113.25	110.64	120.43	120.43
Diluted Shares Outstanding	119.82	115.43	112.90	113.25	110.64	120.43	120.43

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Latham Group Financial Statements

What was Latham Group's revenue in fiscal 2025?

Latham Group reported revenue of $545.91M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 7.4% from $508.52M a year earlier.

Is Latham Group profitable?

Yes. Latham Group earned net income of $11.12M in fiscal 2025, a net margin of 2.0%. In fiscal 2024 it lost $17.86M.

What is Latham Group's operating margin?

Latham Group's operating income was $30.58M on revenue of $545.91M in fiscal 2025, an operating margin of 5.6%, compared with 3.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition