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Employees: 1,804
Size Latham (SWIM) is a United States Consumer Discretionary company (Miscellaneous Manufacturing) with a market value of $924M, the 2300th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.85 on 6 Nov 2026.
Performance Over six months the shares gained 42.7%, against -2.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 11.9% over the last twelve months (peer median +10.7%); the operating margin is 7.2% (peer median 4.6%).
Valuation It trades at 30.5× forward earnings against a peer median of 11.9× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +17 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 6.2 points below its cost of capital (11.3% WACC).
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $597M | $546M | $509M | $566M | $696M |
| Revenue growth | — | +7% | -10% | -19% | — |
| Gross profit | $173M | $153M | $127M | $126M | $188M |
| EBITDA | $96.4M | $83.2M | $65.6M | $61.5M | $81.6M |
| Net income | $9.27M | $11.1M | -$17.9M | -$2.39M | -$5.69M |
| Free cash flow | $34.5M | $26.0M | $41.2M | $83.2M | -$7.38M |
| Capital expenditure | $43.4M | $37.4M | $20.1M | $33.2M | $39.7M |
| Total debt | $326M | $314M | $314M | $337M | $352M |
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.
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SWIM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +29.5% | +1.3% | 4th highest of 21 |
| 6-month return | +42.7% | -2.4% | 2nd highest of 20 |
| Distance from 52-week high | -12.4% | -31.3% | 5th highest of 21 |
| Revenue growth (TTM) | +11.9% | +10.7% | 11th highest of 21 |
| Operating margin | 7.2% | 4.6% | 5th highest of 21 |
| Forward P/E | 30.5× | 11.9× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 23.4% | 7.7% | most demanding of 14 |
| Growth delivered (Del g) | +6.2% | +1.5% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | +17.1 pp | +6.5 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | -6.2 pp | -3.0 pp | 3rd lowest of 19 |
| EV / EBITDA | 12.0× | 9.2× | 8th most expensive of 16 |
| Net debt / EBITDA | 2.4× | 2.0× | 10th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Latham SWIM | United States | $924M | +43% | +12% | 7% | 30.5× | 23.4% | +6.2% |
| ATRenew Inc. Sponsored ADR RERE | United States | $944M | -7% | +35% | 3% | 8.5× | n/a | n/a |
| Winmark WINA | United States | $944M | -29% | +9% | 60% | 23.9× | 7.7% | +5.4% |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 15.8× | 6.9% | -5.7% |
| Afya AFYA | United States | $960M | -25% | +17% | 32% | 5.9× | -16.3% | +23.2% |
| Helen of Troy HELE | United States | $876M | +51% | +1% | 7% | 9.8× | 3.9% | -3.1% |
| Aebi Schmidt AEBI | United States | $867M | -3% | +49% | 6% | 11.3× | 11.9% | n/a |
| Coursera COUR | United States | $989M | -35% | +44% | -4% | 6.4× | n/a | n/a |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 9.3× | -8.5% | +9.7% |
| Petco Health & Wellness WOOF | United States | $848M | +5% | -1% | 3% | 12.5× | 6.6% | +3.9% |
| Biglari BH | United States | $1.01B | +5% | +8% | 5% | n/a | 22.1% | -1.8% |
| Bloomin' Brands BLMN | United States | $835M | +23% | -2% | 3% | 10.5× | 10.6% | +4.5% |
| TripAdvisor TRIP | United States | $820M | -38% | -4% | 5% | 10.1× | -6.6% | +25.6% |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 16.5× | n/a | n/a |
| LGI Homes LGIH | United States | $1.06B | -2% | -2% | 4% | 17.1× | 18.3% | -6.4% |
| Reformation REF | United States | $1.07B | n/a | +16% | 6% | 57.7× | n/a | n/a |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 26.8× | 21.9% | -0.8% |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 5.5× | n/a | n/a |
| First Watch Restaurant FWRG | United States | $794M | +6% | +16% | 3% | 53.3× | n/a | n/a |
| Smith & Wesson Brands SWBI | United States | $779M | 0% | +17% | 7% | 26.3× | 10.3% | -13.1% |
| Polestar Automotive Holding UK PLC Sponsored ADR PSNY | United States | $778M | -79% | +18% | -47% | n/a | n/a | n/a |