Filing Flows › Hayward Holdings (HAYW) › Q4 2025
Hayward Holdings (HAYW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Hayward Holdings (HAYW) reported revenue of $349M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +43% from the quarter before. Operating margin was 25.0%, net earnings $68.4M (19.6% of revenue).
Hayward Holdings, Q4 2025: revenue $349M (+7% year over year), operating margin 25.0%, net earnings $68.4M, operating cash flow −$26.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $349M | +43% | +7% |
| Gross profit | $142M | +22% | -7% |
| Operating profit | $87.3M | +113% | +14% |
| Net earnings | $68.4M | +185% | +25% |
| Operating cash flow | −$26.9M | -128% | — |
What changed
Revenue was $349.4M in Q4 2025, up 7% year over year and up 43% from the previous quarter. Residential pool was the largest line at 92% of revenue.
Gross margin was 40.7%, down 6.1 points from a year earlier. Operating profit was $87.3M, a 25.0% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 23% margin then. Operating expenses fell 28% while revenue rose 7%. The fastest-growing cost line was Research & development (+15%). Net earnings were $68.4M, up 25% year over year. The effective tax rate was 9.2%.
Operating cash flow was −$26.9M. Non-cash charges added back $19.7M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $118.6M. Capital expenditures of $8.9M exceeded it, leaving free cash flow of −$35.8M.
Questions
What was Hayward Holdings' revenue in the fourth quarter 2025?
Hayward Holdings (HAYW) reported revenue of $349M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +43% from the quarter before.
Was Hayward Holdings profitable in the fourth quarter 2025?
Operating profit was $87.3M (25.0% of revenue) and net earnings $68.4M.
Source: Hayward Holdings 10-K on SEC EDGAR.