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Latham Group (SWIM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Latham Group (SWIM) Q3 2026 earnings results →
Q3 2026 Revenue up 12% year over year to $182M · 7¢ of every $1 of revenue kept as net profit · operating margin 13.0%
Latham Group made $182M in Q3 2026 (+12% Y/Y): In-ground Swimming Pools $92.4M, Covers $59.6M, Liners $30.1M. Operating margin 13.0%, net earnings $12.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $182.2M in Q3 2026, up 13% year over year and down 8% from the previous quarter. In-ground Swimming Pools was the largest line at 51% of revenue. In-ground Swimming Pools added $17.1M year over year (up 23%), 84% of the total change. Liners declined 5%.
Gross margin was 36.7%, up 1.3 points from Q3 2025. Operating profit was $23.6M, a 13.0% margin (down 0.3 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, below the 13% margin then. Operating expenses grew 21% against revenue growth of 13%. The fastest-growing cost line was SG&A (+25%). Net earnings were $12.1M, up 49% year over year. The effective tax rate was 19.7%.
Operating cash flow was $48.8M (down 4% year over year), 405% of net earnings. Non-cash charges added back $13.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $22.3M. Capital expenditures of $6.1M left free cash flow of $42.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $182M | +12% | 13.0% | $12.1M | $48.8M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $197M | +14% | 12.7% | $12.8M | $53.5M |
| Q1 2026 | 10-Q | May 6, 2026 | $117M | +5% | -5.6% | −$8.5M | −$47.7M |
| Q4 2025 | 10-K | Mar 4, 2026 | $100M | +14% | -10.7% | −$7.0M | $23.3M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $162M | +8% | 13.3% | $8.1M | $51.0M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $173M | +8% | 14.3% | $16.0M | $36.0M |
| Q1 2025 | 10-Q | May 7, 2025 | $111M | +0.7% | -4.4% | −$6.0M | −$46.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Latham Group
We are the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. We hold the leading position in North America in every product category in which we compete. It is our view that we are the most sought-after brand in the pool industry. We are Latham, The Pool Company TM . With an operating history that spans over 70 years, we offer the industry’s broadest portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners.
In its own words, from its 10-K, filed Mar 4, 2026.
Latham Group against its Plastics Products, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +12%. Operating margin: 13.0% against the peers' median 13.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SWIM Latham Group | Q3 2026 | $182M | +12% | 13.0% |
| NWL Newell Brands | Q3 2026 | $1.9B | +4% | 1.4% |
| ATR Aptargroup | Q3 2026 | $1.0B | +6% | 13.2% |
| ENTG Entegris | Q3 2026 | $1.0B | +25% | 22.9% |
| AWI Armstrong World Industries | Q3 2026 | $476M | +12% | 27.6% |
| MYE Myers Industries | Q3 2026 | $171M | +8% | 8.7% |
| KRT Karat Packaging | Q3 2026 | $135M | +8% | 3.6% |
| CMT Core Molding Technologies | Q3 2026 | $90.2M | +54% | 1.8% |
Source: Latham Group 10-Q on SEC EDGAR · CIK 1833197 · Plastics Products, NEC
Guidance and outlook
13F: who owns SWIM and who is buying
More on SWIM
- How Latham Group makes money: revenue by segment
- Latham Group next earnings date and what analysts expect
- Latham Group stock forecast, price target and fair value
- Who owns Latham Group stock: holders, funds and Congress trades
- Latham Group guidance and outlook
- Latham Group recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Latham Group guidance history: guided vs reported
- Latham Group gross margin by quarter
- Latham Group operating margin by quarter
- Latham Group net income by quarter
- Latham Group free cash flow by quarter
- Latham Group capital expenditures by quarter
- Latham Group In-ground Swimming Pools revenue by quarter
- Latham Group Covers revenue by quarter
- Latham Group Liners revenue by quarter