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SWIM · Latham Group, Inc.

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers in-ground swimming pools, including fiberglass and packaged pools; and covers, such as automatic safety and all-season pool covers; and liners. It sells its products directly to dealers and distributors who warehouse the products and sell to dealers under the Latham, The Pool Company brand name, as well as sub-brands comprising Narellan, CoverStar, Radiant, and GLI brands. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.

Cap structure and valuation

Cap structure
SP$5.95
SO117.4M
Options1.2M
Warrants0.0M
FD SO118.6M
MC$705.4M
Cash$27.5M
Total debt$314.1M
EV$992.0M
TTM Multiples
EV / Revenue1.8x
EV / EBITDA12.3x
MC / Net Income82.5x
EV / FCF32.9x
MC / FCF23.4x
Ownership & coverage
Institutional91.3%
Insiders6.6%
# Institutions200
Analysts7
ConsensusBuy
Avg target$8.14
Short % float6.2%
Days to cover4.29

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-01. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

Financial statements

LTM12/31/2512/31/2412/31/2312/31/22
Total Revenue 551.81545.91508.52566.49695.74
Revenue YoY % 1.1%7.4%(10.2%)(18.6%)
Cost of Revenue 365.44363.82354.78413.55479.27
Gross Profit 186.36182.09153.74152.94216.47
Gross Profit YoY % 2.3%18.4%0.5%(29.3%)
Gross Margin % 33.8%33.4%30.2%27.0%31.1%
SG&A 128.53122.56108.36110.30146.84
Operating Expense 157.46151.51135.47136.81186.46
Operating Income 28.9130.5818.2816.1330.01
Operating Income YoY % (5.5%)67.3%13.3%(46.3%)
Operating Margin % 5.2%5.6%3.6%2.8%4.3%
EBITDA 80.9381.9362.7256.8868.19
EBITDA Margin % 14.7%15.0%12.3%10.0%9.8%
Interest Expense 24.1925.8024.8430.9215.75
Other Income / (Expense) 7.478.71(2.18)4.73(0.54)
Pretax Income 12.1913.49(8.74)(10.06)13.72
Tax Provision 3.642.369.12(7.67)19.41
Net Income 8.5511.12(17.86)(2.39)(5.69)
Net Margin % 1.5%2.0%(3.5%)(0.4%)(0.8%)
Diluted EPS $0.07$0.09-$0.15-$0.02-$0.05
Basic EPS $0.08$0.10-$0.15-$0.02-$0.05
Diluted Avg Shares 116.9119.8115.4112.9113.2
Basic Avg Shares 116.9116.4115.4112.9113.2

Insider activity (last 2 years)

Date Filed Reporter Relationship Trans. Date Code Shares Price Total Value
2026-05-21 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2026-05-20 P 15,050 $4.90 $73,745
2026-05-21 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2026-05-20 F (3,356) $4.89 -$16,411
2026-05-20 Cline James E Director 2026-05-19 P 50,000 $4.84 $242,000
2026-05-04 DELLAQUILA FRANK J Director 2026-05-01 A 17,677 $0
2026-05-04 Laven Mark Phillip Director 2026-05-01 A 17,677 $0
2026-05-04 Jackson DeLu Director 2026-05-01 A 17,677 $0
2026-05-04 Morno-Wade Suzan Director 2026-05-01 A 17,677 $0
2026-05-04 Jackson Jeffrey T Director 2026-05-01 A 17,677 $0
2026-05-04 Cline James E Director 2026-05-01 A 22,727 $0
2026-03-16 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2026-03-15 F (9,970) $6.02 -$60,019
2026-03-16 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2026-03-15 F (6,485) $6.02 -$39,040
2026-03-16 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2026-03-15 F (2,162) $6.02 -$13,015
2026-03-16 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2026-03-15 F (9,943) $6.02 -$59,857
2026-03-09 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2026-03-07 F (2,500) $6.30 -$15,750
2026-03-09 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2026-03-07 F (3,463) $6.30 -$21,817
2026-03-09 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2026-03-07 F (5,522) $6.30 -$34,789
2026-03-09 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2026-03-07 F (978) $6.30 -$6,161
2026-03-09 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2026-03-07 F (2,877) $6.30 -$18,125
2026-03-09 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2026-03-07 F (3,436) $6.30 -$21,647
2026-03-09 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2026-03-06 A 24,604 $0
2026-03-09 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2026-03-06 A 47,620 $0
2026-03-09 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2026-03-06 A 54,167 $0
2026-03-09 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2026-03-06 A 9,524 $0
2026-03-09 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2026-03-06 A 28,175 $0
2026-03-09 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2026-03-06 A 47,024 $0
2026-03-09 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2026-03-05 A 4,797 $0
2026-03-09 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2026-03-05 A 9,234 $0
2026-03-09 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2026-03-05 A 10,433 $0
2026-03-09 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2026-03-05 A 1,849 $0
2026-03-09 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2026-03-05 A 5,436 $0
2026-03-09 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2026-03-05 A 9,162 $0
2026-03-02 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2026-03-01 F (9,250) $6.71 -$62,068
2026-03-02 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2026-03-01 F (6,143) $6.71 -$41,220
2026-03-02 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2026-03-01 F (9,253) $6.71 -$62,088
2026-03-02 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2026-03-01 F (2,035) $6.71 -$13,655
2026-01-12 Gadd Sean Director, Officer (President and CEO) 2026-01-05 A 907,591 $0
2025-08-25 DELLAQUILA FRANK J Director 2025-08-22 P 5,000 $8.24 $41,200
2025-08-08 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2025-08-08 F (3,921) $7.38 -$28,937
2025-05-21 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2025-05-20 F (3,356) $6.26 -$21,009
2025-05-16 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2025-05-15 P 13,500 $6.10 $82,350
2025-05-13 Cline James E Director 2025-05-12 S (4,417) $6.45 -$28,490
2025-05-13 Cline James E Director 2025-05-09 S (45,583) $5.95 -$271,219
2025-05-02 Jackson DeLu Director 2025-05-01 A 16,814 $0
2025-05-02 Cline James E Director 2025-05-01 A 22,124 $0
2025-05-02 Laven Mark Phillip Director 2025-05-01 A 16,814 $0
2025-05-02 Morno-Wade Suzan Director 2025-05-01 A 16,814 $0
2025-05-02 DELLAQUILA FRANK J Director 2025-05-01 A 16,814 $0
2025-03-18 WC PARTNERS EXECUTIVE IV, L.P. 10% Owner 2025-03-14 S (105,250) $6.54 -$688,335
2025-03-18 WYNNCHURCH CAPITAL PARTNERS IV, L.P. 10% Owner 2025-03-14 S (3,494,750) $6.54 -$22,855,665
2025-03-17 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2025-03-15 F (9,943) $7.29 -$72,484
2025-03-17 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2025-03-15 F (6,485) $7.29 -$47,276
2025-03-17 Cowley Joshua D. Officer (CHIEF COMMERCIAL OFFICER) 2025-03-15 F (14,426) $7.29 -$105,166
2025-03-17 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2025-03-15 F (9,970) $7.29 -$72,681
2025-03-17 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2025-03-15 F (12,039) $7.29 -$87,764
2025-03-17 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2025-03-15 F (2,162) $7.29 -$15,761
2025-03-17 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2025-03-15 F (36,187) $7.29 -$263,803
2025-03-10 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2025-03-07 A 47,272 $0
2025-03-10 Cowley Joshua D. Officer (CHIEF COMMERCIAL OFFICER) 2025-03-07 A 49,114 $0
2025-03-10 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2025-03-07 A 24,557 $0
2025-03-10 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2025-03-07 A 102,320 $0
2025-03-10 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2025-03-07 A 46,904 $0
2025-03-10 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2025-03-07 A 9,463 $0
2025-03-10 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2025-03-07 A 53,411 $0
2025-03-10 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2025-03-07 A 27,831 $0
2025-03-10 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2025-03-05 A 106,332 $0
2025-03-10 Cowley Joshua D. Officer (CHIEF COMMERCIAL OFFICER) 2025-03-05 A 149,778 $0
2025-03-10 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2025-03-05 A 56,215 $0
2025-03-10 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2025-03-05 A 221,524 $0
2025-03-10 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2025-03-05 A 106,046 $0
2025-03-10 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2025-03-05 A 18,741 $0
2025-03-10 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2025-03-05 A 120,052 $0
2025-03-10 Maczko Nikki Vaughan Officer (Chief Human Resources Officer) 2025-03-05 A 29,086 $0
2025-03-03 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2025-03-01 F (9,359) $5.91 -$55,312
2025-03-03 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2025-03-01 F (2,035) $5.91 -$12,027
2025-03-03 Dhruv Kaushal Bhikhesh Officer (CIO & CISO) 2025-03-01 F (6,142) $5.91 -$36,299
2025-03-03 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2025-03-01 F (8,715) $5.91 -$51,506
2025-03-03 Cowley Joshua D. Officer (CHIEF COMMERCIAL OFFICER) 2025-03-01 F (13,064) $5.91 -$77,208
2025-03-03 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2025-03-01 F (22,814) $5.91 -$134,831
2025-01-27 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2025-01-24 F (3,559) $7.04 -$25,055
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 S (10,000) $8.35 -$83,480
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 M 20,000 $3.24 $64,800
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 D (3,928) $8.25 -$32,406
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 D (3,881) $8.35 -$32,406
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 S (6,072) $8.30 -$50,398
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 S (6,119) $8.35 -$51,094
2024-12-12 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-12-11 M (20,000) $3.24 -$64,800
2024-11-14 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2024-11-11 M 25,904 $3.24 $83,929
2024-11-14 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2024-11-11 D (14,154) $5.93 -$83,933
2024-11-14 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2024-11-11 S (11,750) $5.90 -$69,377
2024-11-14 Bahl Sanjeev Officer (CHIEF OPERATING OFFICER) 2024-11-11 M (25,904) $3.24 -$83,929
2024-11-13 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2024-11-11 P 9,000 $5.73 $51,570
2024-10-31 Gloe Oliver C. Officer (CHIEF FINANCIAL OFFICER) 2024-10-31 S (10,216) $6.44 -$65,791
2024-08-27 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-08-26 S (25,851) $6.54 -$169,066
2024-08-19 Rajeski Scott Michael Director, Officer (CHIEF EXECUTIVE OFFICER) 2024-08-16 S (33,000) $6.09 -$200,970
2024-08-09 Kunchala Suraj Officer (VICE PRESIDENT & CONTROLLER) 2024-08-09 S (10,139) $5.06 -$51,337
2024-08-09 Sheller Patrick M Officer (GENERAL COUNSEL & SECRETARY) 2024-08-09 S (3,942) $5.08 -$20,025