Filing Flows › Hayward Holdings (HAYW) › Q3 2025
Hayward Holdings (HAYW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Hayward Holdings (HAYW) reported revenue of $244M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -18% from the quarter before. Operating margin was 16.8%, net earnings $24.0M (9.8% of revenue).
Hayward Holdings, Q3 2025: revenue $244M (+7% year over year), operating margin 16.8%, net earnings $24.0M, operating cash flow $94.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $244M | -18% | +7% |
| Gross profit | $125M | -21% | +11% |
| Operating profit | $41.1M | -42% | +23% |
| Net earnings | $24.0M | -46% | +46% |
| Operating cash flow | $94.6M | -51% | +44% |
| Free cash flow | $87.2M | -53% | +47% |
What changed
Revenue was $244.3M in Q3 2025, up 7% year over year and down 18% from the previous quarter. Residential pool was the largest line at 89% of revenue. Residential pool added $16.7M year over year (up 8%), 100% of the total change. Commercial pool declined 1%.
Gross margin was 51.2%, up 1.5 points from a year earlier. Operating profit was $41.1M, a 16.8% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 15% margin then. Operating expenses grew 6% against revenue growth of 7%. The fastest-growing cost line was Research & development (+10%). Net earnings were $24.0M, up 46% year over year. The effective tax rate was 23.0%.
Operating cash flow was $94.6M (up 44% year over year), 394% of net earnings. Non-cash charges added back $12.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $54.7M. Capital expenditures of $7.4M left free cash flow of $87.2M.
Questions
What was Hayward Holdings' revenue in the third quarter 2025?
Hayward Holdings (HAYW) reported revenue of $244M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -18% from the quarter before.
Was Hayward Holdings profitable in the third quarter 2025?
Operating profit was $41.1M (16.8% of revenue) and net earnings $24.0M.
Source: Hayward Holdings 10-Q on SEC EDGAR.