SWIM
IndustrialsLatham Group, Inc. · Construction · $610M
What is Latham Group, Inc.?
Latham Group is the largest designer and manufacturer of in-ground residential swimming pools in North America, with additional operations in Australia and New Zealand. The company serves homeowners through a network of independent dealers and builders.
Latham Group generates revenue by designing, manufacturing, and marketing in-ground swimming pools along with complementary products such as pool covers and pool liners. The company sells through a dealer and builder network rather than directly to consumers, giving it broad residential market reach. Its vertically integrated manufacturing model allows it to control product quality and production costs across its North American, Australian, and New Zealand markets.
Latham Group was incorporated in 2018 and is headquartered in Latham, New York.
- In-ground residential swimming pools
- Pool covers for safety and energy efficiency
- Pool liners and replacement components
- Fiberglass and polymer pool systems
Is SWIM a Good Stock to Buy?
UQS Score rates SWIM as Below Average overall, reflecting meaningful structural challenges alongside some areas of relative strength.
The Growth pillar stands out as a relative bright spot, suggesting the business has room to expand within the residential pool market. Valuation also registers as Good, meaning the stock does not appear richly priced relative to its fundamentals — a potential consideration for patient investors.
Both the Quality and Moat pillars are rated Weak, indicating limited competitive differentiation and below-average business quality metrics that weigh on the overall score.
Pro members can view the complete pillar breakdown and underlying financial metrics to form a fuller picture of SWIM's investment profile. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does SWIM pay dividends?
No — Latham Group, Inc. does not currently pay a dividend.
Latham Group does not currently pay a dividend. As a smaller-cap industrial company still navigating growth and profitability, the business retains available capital for operational needs and potential reinvestment rather than returning cash to shareholders through distributions. Income-focused investors should factor this into their assessment.
When does SWIM report earnings?
Latham Group reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's results have reflected the cyclical nature of the residential pool market, where consumer spending on home improvement and discretionary outdoor projects can fluctuate with broader economic conditions. Revenue trends have been shaped by demand shifts in the post-pandemic housing environment.
For the most recent quarter's results and guidance, visit Latham Group's investor relations page directly.
SWIM Price History
-80.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Latham Group, Inc.?
Based on Latham Group, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
SWIM Long-term Outlook
Latham Group's Growth pillar rating suggests the business retains a forward trajectory worth monitoring, even as Quality and Moat concerns temper the outlook. The residential pool market remains tied to housing activity and consumer confidence, which introduces cyclical variability. A Neutral Risk rating indicates the company does not carry extreme balance sheet or operational risk, but the path to sustained improvement depends on execution in a competitive and discretionary-spending-sensitive category.
Growth drivers
- Continued demand for residential outdoor living and pool upgrades
- Expansion of the dealer and builder distribution network
- Potential market share gains through product innovation in fiberglass pool systems
Key risks
- Cyclical exposure to housing market slowdowns and rising interest rates
- Weak competitive moat leaves the business vulnerable to pricing pressure
- Input cost volatility affecting manufacturing margins
SWIM vs Peers
Latham Group operates in the broader building products and specialty manufacturing space, where it competes — directly or indirectly — with several other industrial companies.
Janus focuses on commercial building access solutions, giving it a different end-market exposure compared to Latham's residential pool focus.
Apogee specializes in architectural glass and framing products, serving commercial construction rather than the residential outdoor living segment.
Quanex manufactures window and door components, competing in the residential building products space but with a distinct product category from swimming pools.
Frequently Asked Questions
What does Latham Group do?
Latham Group designs, manufactures, and markets in-ground residential swimming pools, along with pool covers and pool liners. It sells through a network of independent dealers and builders across North America, Australia, and New Zealand.
Does SWIM pay dividends?
No, Latham Group does not currently pay a dividend. The company retains capital for operational and growth purposes rather than distributing cash to shareholders.
When does SWIM report earnings?
Latham Group follows a standard quarterly earnings cadence for US-listed companies. For the most up-to-date schedule, check the company's investor relations page, as specific dates are subject to change.
Is SWIM a good stock to buy?
UQS Score rates SWIM as Below Average, driven by Weak Quality and Moat pillar ratings. The Growth and Valuation pillars offer some offset, but the overall profile suggests meaningful risks. Pro members can access the full breakdown to evaluate fit for their own strategy.
Is SWIM overvalued?
The UQS Valuation pillar for SWIM is rated Good, suggesting the stock is not trading at a significant premium relative to its fundamentals. However, valuation alone does not determine investment quality — see the full analysis for context.
How does SWIM compare to its competitors?
Latham Group occupies a niche position as a residential pool manufacturer, while peers like Janus International, Apogee Enterprises, and Quanex Building Products serve different segments of the building products market. UQS Score provides side-by-side pillar comparisons for Pro members.
What is SWIM's market cap bracket?
Latham Group is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but also carries higher volatility and liquidity risk compared to large- or mega-cap peers.
Who founded Latham Group?
Latham Group's corporate history traces back through several predecessor entities in the pool manufacturing industry. The current holding company structure was incorporated in 2018. Detailed founding history is available through the company's public filings and investor relations materials.
Is SWIM a long-term quality stock?
As a long-term quality indicator, SWIM's Below Average UQS Score — anchored by Weak Quality and Moat ratings — raises questions about durable competitive advantage. The Growth pillar provides some encouragement, but sustained long-term quality typically requires stronger fundamentals across all five pillars.
What is the main competitive advantage of Latham Group?
Latham Group's primary advantage lies in its scale as the largest in-ground residential pool manufacturer in North America and its established dealer network. However, the UQS Moat pillar rates this advantage as Weak, suggesting limited pricing power or barriers to entry relative to sector peers.
What sector does SWIM belong to?
Latham Group is classified in the Industrials sector, specifically within the building products and specialty manufacturing segment. Its business is closely tied to residential construction activity and consumer discretionary spending on home improvement.
Is SWIM a growth stock or value stock?
Based on UQS pillar ratings, SWIM shows characteristics of both — the Growth pillar is rated Good, while Valuation is also rated Good, suggesting the stock has not been priced at a premium. It does not fit neatly into either category given the Weak Quality and Moat ratings.
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Pro Analysis
SWIM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 46.2 | 26.7 | 18.0 | 66.5 | 64.8 | 80.2 | +2.1 |
| May 7, 2026 | 44.1 | 30.4 | 18.0 | 67.0 | 51.5 | 72.4 | +0.1 |
| May 3, 2026 | 44.0 | 30.4 | 18.0 | 67.0 | 51.5 | 72.0 | 0.0 |
| Apr 26, 2026 | 44.0 | 30.4 | 18.0 | 67.0 | 51.5 | 71.7 | +0.2 |
| Apr 23, 2026 | 43.8 | 30.4 | 18.0 | 67.0 | 51.5 | 70.5 | -0.1 |
| Apr 19, 2026 | 43.9 | 30.4 | 18.0 | 67.4 | 51.5 | 70.6 | -0.3 |
| Apr 18, 2026 | 44.2 | 30.4 | 18.0 | 67.4 | 51.5 | 72.8 | +0.3 |
| Apr 12, 2026 | 43.9 | 30.4 | 18.0 | 67.4 | 51.5 | 70.8 | -0.6 |
| Apr 5, 2026 | 44.5 | 30.4 | 18.0 | 67.5 | 51.5 | 74.5 | +0.2 |
| Apr 2, 2026 | 44.3 | 30.4 | 18.0 | 67.5 | 51.5 | 73.3 | — |
SWIM — Pillar Breakdown
Quality
— 26.6/100 (25%)Latham Group, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 66.5/100 (20%)Latham Group, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 64.8/100 (15%)Latham Group, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 79.8/100 (15%)Latham Group, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 18/100 (25%)Latham Group, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for SWIM.
Score Composition
Financial Data
More Stock Analysis
How is the SWIM UQS Score Calculated?
The UQS (Unified Quality Score) for Latham Group, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Latham Group, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Latham Group, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.