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Latham Group, Inc. SWIM Covers — Net Sales

Other product segments

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Other financials

Income statement

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Revenue$117.3M+5.3%
Gross profit$37.2M+13.0%
Operating income-$6.6M-33.9%
Net income-$8.5M-43.1%
EPS (diluted)-$0.07-40.0%

Balance sheet

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Cash & equivalents$27.5M+14.7%
Total debt$313.5M+807%
Total equity$396.7M+4.1%
Total assets$856.4M+3.9%

Cash flow

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Operating cash flow-$47.7M-1.8%
CapEx$10.5M+204%
Free cash flow-$58.2M-15.7%

Valuation

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Market cap$744.39M+8.4%
Enterprise value$1.03B+47.8%
P/E77.5×
P/S1.4×0.0×

Profitability

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Gross margin33.8%+3.1pp
Operating margin5.4%+3.8pp
Net margin-2.1%-4.3pp
FCF margin5.5%-0.6pp

Returns & leverage

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Return on equity-2.7%-5.5pp
Debt / equity0.8×+0.7×
Current ratio1.9×-0.7×

Where this comes from

Reported directly by Latham Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Latham Group, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Latham Group, Inc.'s covers — net sales?
Latham Group, Inc. (SWIM) reported covers — net sales of $33.5M in Q1 2026.
How has Latham Group, Inc.'s covers — net sales changed year-over-year?
Latham Group, Inc.'s covers — net sales increased by 6.0% year-over-year, from $31.61M to $33.5M.
What is the long-term trend for Latham Group, Inc.'s covers — net sales?
Over 4 years (2021 to 2025), Latham Group, Inc.'s covers — net sales has grown at a 5.0% compound annual growth rate (CAGR), from $132.13M to $160.76M.
What does covers — net sales mean?
This metric represents the total revenue generated from the sale of pool cover products within the specified reporting segment, net of returns, allowances, and discounts. It serves as a key indicator of demand for the company's protective pool equipment and reflects the segment's contribution to overall top-line performance. Monitoring this figure helps investors assess market penetration and growth trends within the residential pool accessories category.