Filing Flows › Hayward Holdings (HAYW) › Q2 2025
Hayward Holdings (HAYW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Hayward Holdings (HAYW) reported revenue of $300M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +31% from the quarter before. Operating margin was 23.8%, net earnings $44.8M (15.0% of revenue).
Hayward Holdings, Q2 2025: revenue $300M (+5% year over year), operating margin 23.8%, net earnings $44.8M, operating cash flow $194M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $300M | +31% | +5% |
| Gross profit | $158M | +39% | +9% |
| Operating profit | $71.4M | +113% | +5% |
| Net earnings | $44.8M | +213% | +19% |
| Operating cash flow | $194M | — | -32% |
| Free cash flow | $187M | — | -34% |
What changed
Revenue was $299.6M in Q2 2025, up 5% year over year and up 31% from the previous quarter. Residential pool was the largest line at 89% of revenue. Commercial pool added $7.8M year over year (up 68%), 51% of the total change. Flow control declined 2%.
Gross margin was 52.7%, up 1.7 points from a year earlier. Operating profit was $71.4M, a 23.8% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, below the 24% margin then. Operating expenses grew 12% against revenue growth of 5%. The fastest-growing cost line was SG&A (+14%). Net earnings were $44.8M, up 19% year over year. The effective tax rate was 24.6%.
Operating cash flow was $194.2M (down 32% year over year), 434% of net earnings. Non-cash charges added back $12.1M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $133.9M. Capital expenditures of $6.9M left free cash flow of $187.3M.
Questions
What was Hayward Holdings' revenue in the second quarter 2025?
Hayward Holdings (HAYW) reported revenue of $300M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +31% from the quarter before.
Was Hayward Holdings profitable in the second quarter 2025?
Operating profit was $71.4M (23.8% of revenue) and net earnings $44.8M.
Source: Hayward Holdings 10-Q on SEC EDGAR.