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Hayward Holdings HAYW United States — Operating loss carryforwards subject to limitations

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Other financials

Income statement

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Revenue$318.4M+6.3%
Gross profit$155.1M+5.2%
Operating income$76.0M+6.5%
Net income$45.6M+1.8%
EPS (diluted)$0.21+5.0%

Balance sheet

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Cash & equivalents$304.1M-16.7%
Total debt$1.0B-0.7%
Total equity$1.6B+6.9%
Total assets$3.1B+2.7%

Cash flow

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Operating cash flow$322.2M+65.9%
CapEx$10.3M+49.2%
Free cash flow$311.9M+66.5%

Valuation

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Market cap$3.32B-1.4%
Enterprise value$4.04B+0.2%
P/E20.6×-5.3×
P/S2.9×-0.3×

Profitability

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Gross margin45.6%-2.3pp
Operating margin21.1%+1.3pp
Net margin13.8%+1.8pp
FCF margin13.7%

Returns & leverage

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Return on equity10.4%+1.3pp
Debt / equity0.6×0.0×
Current ratio3.3×+0.5×

Where this comes from

Reported directly by Hayward Holdings in its filing.

Tagged under the XBRL concept hayw:OperatingLossCarryforwardsSubjectToLimitationsForUse.

The source filing: Hayward Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 7:07 AM EST
Fiscal year
FY2025
Accession
0001834622-26-000008

The Company has U.S. federal net operating loss (“NOL”) carryforwards in the amount of $12.6 million as of both December 31, 2025 and 2024 from historical acquisitions. The NOL carryforwards expire between 2035 and 2037. The Internal Revenue Code of 1986 contains certain provisions that can limit a taxpayer’s ability to utilize net operating loss and tax credit carryforwards in any given year resulting from ownership changes in excess of 50 percent over a three-year period. The Company estimates that all of these NOL carryforwards may be subject to limitation and potentially expire prior to their utilization. The Company maintains a $12.6 million valuation allowance on these NOL carryforwards.

Item 8. and Supplementary Data

FAQ

What is Hayward Holdings's united states — operating loss carryforwards subject to limitations?
Hayward Holdings (HAYW) reported united states — operating loss carryforwards subject to limitations of $12.6M in Q4 2025.
What does united states — operating loss carryforwards subject to limitations mean?
This represents the portion of net operating loss carryforwards that are restricted by tax regulations, such as annual usage caps or ownership change provisions. It highlights the constraints on the company's ability to utilize its tax assets to shield future profits. Understanding these limitations is critical for accurately forecasting the company's effective tax rate and cash tax obligations.

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