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Makes pumps, filters, heaters, lighting and automation equipment for residential and commercial swimming pools.
Makes pumps, filters, heaters, lighting and automation equipment for residential and commercial swimming pools.
Sells mostly through pool-equipment distributors, with the largest one, Pool Corporation, accounting for a large share of sales, so one distributor channel stands between it and installers. Worn pumps, heaters and filters on the installed base of existing pools give repeat sales beyond the new-build cycle.
Moat: narrow (brand, distribution, installed base). Large installed base of pools needing branded replacement parts drives recurring aftermarket sales.
Headquarters: Charlotte, North Carolina, US · Founded: 1925 · Employees: 1,980
Size Hayward (HAYW) is a United States Consumer Discretionary company (Recreational Products) with a market value of $3.38B, the 1461st largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.24 on 6 Nov 2026.
Performance Over six months the shares gained 11.4%, against +2.1% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 7.6% over the last twelve months (peer median +6.8%); the operating margin is 21.8% (peer median 9.3%).
Valuation It trades at 17.9× forward earnings against a peer median of 18.6× (10th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.2 points above its cost of capital (9.4% WACC).
Short interest Short interest is 4.9% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.18B | $1.12B | $1.05B | $992M | $1.31B |
| Revenue growth | — | +7% | +6% | -24% | — |
| Gross profit | $515M | $511M | $458M | $447M | $565M |
| EBITDA | $314M | $294M | $271M | $241M | $351M |
| Net income | $170M | $152M | $119M | $80.7M | $179M |
| Free cash flow | $154M | $226M | $190M | $154M | $77.8M |
| Capital expenditure | $38.5M | $30.7M | $24.3M | $31.0M | $29.6M |
| Total debt | $1.01B | $1.02B | $1.03B | $1.16B | $1.18B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hayward HAYW | $3.38B | +11% | +8% | 22% | 17.9× | 9.9% |
| Pentair PNR | $10.9B | -11% | -4% | 22% | 13.2× | 7.1% |
| Fluidra FDR.MC | $4.12B | +4% | +2% | 14% | 14.9× | 5.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HAYW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +42.0% | +3.7% | highest of 21 |
| 6-month return | +11.4% | +2.1% | 7th highest of 21 |
| Distance from 52-week high | -6.8% | -20.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +7.6% | +6.8% | 9th highest of 21 |
| Operating margin | 21.8% | 9.3% | 3rd highest of 21 |
| Forward P/E | 17.9× | 18.6× | 10th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | 2.5% | 6th most demanding of 18 |
| Growth delivered (Del g) | +5.1% | +7.9% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | +4.8 pp | -5.2 pp | 5th most demanding of 18 |
| ROIC minus cost of capital | +0.2 pp | +3.6 pp | 7th lowest of 20 |
| EV / EBITDA | 12.5× | 10.7× | 7th most expensive of 19 |
| Net debt / EBITDA | 1.7× | -0.0× | 5th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hayward HAYW | United States | $3.38B | +11% | +8% | 22% | 17.9× | 9.9% | +5.1% |
| Yamaha 7951.T | Japan | $3.39B | +7% | +5% | 8% | 15.8× | -1.7% | +4.5% |
| Technogym S.p.A TGYM.MI | Italy | $3.34B | -32% | +10% | 16% | 23.8× | 9.7% | +14.9% |
| Polaris PII | United States | $3.59B | -8% | +9% | 2% | 22.2× | 18.1% | +0.4% |
| Callaway Golf CALY | United States | $3.00B | -4% | -37% | 9% | 18.6× | 2.4% | +5.3% |
| Asmodee ASMDEE-B.ST | Sweden | $3.97B | +39% | +17% | 16% | 17.1× | -1.8% | +11.9% |
| Fluidra FDR.MC | Spain | $4.12B | +4% | +2% | 14% | 14.9× | 5.4% | +8.0% |
| Tomy 7867.T | Japan | $2.74B | +89% | +7% | 9% | 20.2× | 2.5% | +13.9% |
| Thor Industries THO | United States | $4.18B | +5% | 0% | 3% | 22.3× | 16.0% | -4.8% |
| Mattel MAT | United States | $4.39B | 0% | +3% | 9% | 12.8× | 0.2% | +3.1% |
| Acushnet GOLF | United States | $4.72B | -12% | +7% | 13% | 20.0× | 3.8% | +9.7% |
| Alpha 002292.SZ | China | $2.08B | +13% | +2% | 9% | 72.3× | 28.4% | +0.9% |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| Games Workshop GAW.L | United Kingdom | $7.15B | -17% | +7% | 42% | 25.2× | 11.7% | +12.3% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 47.3× | 32.9% | +7.9% |