Filing Flows

Filing Flows › Latham Group (SWIM) › Q3 2026 › vs Q2 2026

Latham Group (SWIM) Q3 2026 vs Q2 2026 (quarter over quarter)

Latham Group's revenue fell $15.3M (-8%) from $197M in Q2 2026 to $182M in Q3 2026. The biggest changes: Liners −$30.1M (-50%); Covers +$18.7M (+46%); In-ground Swimming Pools −$3.9M (-4%). Gross margin 36.7% against 35.5% (+1.2 pts).

Latham Group, Q3 2026: revenue $182M (+12% year over year), operating margin 13.0%, net earnings $12.1M, operating cash flow $48.8M. The chart draws each line against Q2 2026, the increases inside each band.

Latham Group: what changed, Q3 2026 vs Q2 2026Latham Group: what changed, Q3 2026 vs Q2 2026Liners−$30.1MCovers$18.7MCost of revenue−$12.0MFree cash flow (OCF − capex)−$5.3MOperating cash flow−$4.7MIn-ground Swimming Pools−$3.9MPre-tax earnings−$3.8MGross profit−$3.3MWorking capital & other−$3.2MIncome tax−$3.1M

Margins

Q3 2026Q2 2026Change
Gross margin36.7%35.5%+1.2 pts
Operating margin13.0%12.7%+0.3 pts
Net margin6.6%6.5%+0.2 pts
Free cash flow margin23.4%24.3%-0.9 pts

Every line

LineQ3 2026Q2 2026Change%
In-ground Swimming Pools$92.4M$96.3M−$3.9M-4%
Covers$59.6M$41.0M$18.7M+46%
Liners$30.1M$60.2M−$30.1M-50%
Revenue$182M$197M−$15.3M-8%
Gross profit$66.8M$70.1M−$3.3M-5%
Cost of revenue$115M$127M−$12.0M-9%
Operating profit$23.6M$25.1M−$1.5M-6%
Operating expenses$43.2M$45.0M−$1.8M-4%
Pre-tax earnings$15.0M$18.9M−$3.8M-20%
Other expense, net$8.6M$6.2M$2.4M+38%
SG&A$35.9M$37.6M−$1.8M-5%
Other operating costs$7.4M$7.4M−$8K-0.1%
Net earnings$12.1M$12.8M−$698K-5%
Income tax$3.0M$6.1M−$3.1M-51%
Depreciation & amortization$13.5M$13.7M−$217K-2%
Share-based compensation$998K$1.6M−$611K-38%
Working capital & other$22.3M$25.5M−$3.2M-13%
Operating cash flow$48.8M$53.5M−$4.7M-9%
Free cash flow (OCF − capex)$42.7M$48.0M−$5.3M-11%
Capital expenditures$6.1M$5.6M$572K+10%

Questions

How much did Latham Group's revenue grow quarter over quarter in Q3 2026?

Latham Group's revenue fell $15.3M (-8%) from $197M in Q2 2026 to $182M in Q3 2026.

What drove Latham Group's revenue change in Q3 2026?

Liners −$30.1M (-50%); Covers +$18.7M (+46%); In-ground Swimming Pools −$3.9M (-4%).

Q3 2026 results → · Compare in the interactive Sankey →