How profitable is Latham Group Inc. (SWIM)?

In FY 2025 (10-K), SWIM converted $545.9M of revenue into a 33.4% gross margin, 5.6% operating margin, and $38.0M in free cash flow (7% FCF margin).

Stock Ratings / Industrials / SWIM / financials

KRT (78) MYE (61) NWL (40) CMT (48) ⌘ Pro Terminal →

Latham Group Inc. (SWIM) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$7.46 +2.05% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $7.47

Latham Group Inc. (SWIM) carries a Roarable Rating of D+ (Sell) with 57/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 57/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.2% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $860.0M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on SWIM Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is SWIM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Latham Group Inc. (NASDAQ: SWIM) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $7.46 (+2.05% 1D, market cap $860.0M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 11/20. Across 485 tracked Industrials issuers, SWIM ranks #153 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does SWIM compare to KRT and MYE in the Industrials sector?

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Within the Industrials sector (Plastic Products), SWIM carries a Roarable D+ (57/100 RQD), trailing P/E of 76.8x, gross margin of 33.4%, and ROIC of 3.5%. By comparison, KRT (Karat Packaging Inc.) holds a B+ grade (78/100 RQD, P/E 34.4x, ROIC 29.3%, cap $1.08B) and MYE (Myers Industries Inc.) posts a C- grade (61/100 RQD, P/E 32.7x, ROIC 10.4%, cap $1.11B). Among the 5-stock peer group, CMT leads on earnings multiple (17.8x) while KRT leads on capital efficiency (29.3% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for SWIM?

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Per SWIM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001833197), Latham Group Inc. generated $545.9M in revenue (+7.4% YoY), $11.1M in net income, and $38.0M in free cash flow against $823.2M in total assets and $276.6M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Priced at 77x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $7.47 (+0.18%)🧬 Cannibal Buyback (-0.96% YoY Shares)⚙️ Cash Engine: 8/20 (D-) • 7% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 57/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.2% avg 90D alpha vs SPY • 52.2% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C-

Each axis scored 0–20

12M PRICE TARGET CONE-0.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for SWIM)Realized 20D OHLCV Swing Band: ±7.7%

Deterministic 5-Pillar Attribution (57/100 Composite)

🔍 WHY SWIM SCORES 57/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+14/20 pts (25% of score)

20D Institutional Volume Accumulation (±7.7% realized swing band)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (23% of score)

Altman Z-Score 2.11 (WATCH ZONE (1.8–3.0)) • Piotroski F-Score 9/9

▼ #1 Drag / Risk Factor: Cash Engine Quality8/20 pts (-12 pt drag)

Capital intensity & 5.6% operating margin leave 12 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$6.09+3.6% Next Q

Q2 (-2Q)

Grade C-$6.31+8.4% Next Q

Q3 (-1Q)

Grade C-$6.84+9.1% Next Q

Current

Grade D+$7.46-0.2% Hist 90D α

Trajectory: D (49) → D+ (57)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the SWIM Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 57/100 (D+) score, SWIM faces multiple-compression risk if 76.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Priced at 77x earnings—high expectations leave less room for a lukewarm quarter.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-0.96% YoY Shares) — any gross margin slip below 30.9% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($6.54) or 200D SMA ($6.17) invalidates the momentum regime and cuts Target Base ($7.43) toward Bear Floor ($5.80).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $SWIM• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “SWIM Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 57%NO 43%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How SWIM Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$38.0M (7% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $566.5M

FY24

Rev $508.5M

FY25

Rev $545.9M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$545.9M	33.4%	5.6%	$11.1M	$38.0M	3.5%
FY 2024	$508.5M	30.2%	3.6%	-$17.9M	$41.2M	2.2%
FY 2023	$566.5M	33.4%	2.8%	-$2.4M	$116.4M	3.5%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring SWIM)

✓Walkthrough of SWIM's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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SWIM // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +28.62%▲ RESISTANCE BREAKOUT

2026-11-03O $7.26H $7.46L $7.26C $7.46VOL 928.1K

RES: $6.83SUP: $5.42SMA50: $6.54SMA200: $6.17

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

SWIM Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 SWIM Butterfly Map → + Track SWIM →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

48.0%/yr Implied 5Y Growth

vs. +7.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on SWIM today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for SWIM. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for SWIM today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (SWIM)

Industrials Rank #153 of 485 ⚔️ KRT vs SWIM Full Matrix →

1. Head-to-Head Industrials Peer Comparison (SWIM vs. KRT, MYE, NWL, CMT)

Industry: Plastic Products (9 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Latham Group Inc. (SWIM) ranks #153 by composite RQD confidence (57/100, grade D+) and #262 by equity capitalization ($860.0M). Within this direct 5-issuer industry benchmark cohort, CMT leads on earnings valuation at 17.8x trailing P/E, while KRT leads on capital efficiency and profitability with 29.3% ROIC and 36.8% gross margin. KRT currently holds the highest overall quantitative score in the immediate peer group at 78/100 (B+) compared with SWIM at 57/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
SWIM ACTIVE Latham Group Inc.	D+	57/100	76.8x	33.4%	3.5%	+2.05%	$860.0M	Benchmark Subject
KRT Karat Packaging Inc.	B+	78/100	34.4x	36.8%	29.3%	-1.72%	$1.08B	/krt-vs-swim →
MYE Myers Industries Inc.	C-	61/100	32.7x	33.4%	10.4%	-2.20%	$1.11B	/mye-vs-swim →
NWL Newell Brands Inc.	D-	40/100	—	33.8%	0.5%	+15.06%	$2.21B	/nwl-vs-swim →
CMT Core Molding Technologies Inc	D	48/100	17.8x	17.4%	8.2%	+0.89%	$198.2M	/cmt-vs-swim →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001833197

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Latham Group Inc. (SWIM) reported GAAP revenue of $545.9M (+7.4% vs. FY2024 revenue of $508.5M , and -3.6% cumulative change since FY2023) , GAAP net income of $11.1M, operating cash flow of $63.4M, and free cash flow of $38.0M (-7.6% YoY). On the balance sheet, SWIM closed FY2025 with $823.2M in total assets against $276.6M in total debt (Altman Z-Score: 2.11, Piotroski F-Score: 9/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$545.9M	$11.1M	$63.4M	$38.0M	$823.2M	$276.6M
FY2024 (FY)	2024-12-31	$508.5M	-$17.9M	$61.3M	$41.2M	$794.2M	$278.3M
FY2023 (FY)	2023-12-31	$566.5M	-$2.4M	$116.4M	$116.4M	—	—

3. SWIM Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is SWIM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does SWIM compare to KRT and MYE in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for SWIM?

Where is SWIM trading relative to its 50-day, 200-day, and 52-week technical levels?

SWIM last traded at $7.46 (+2.05% on volume of 1,168,870 shares), positioning the stock +14.07% above its 50-day simple moving average ($6.54) and +20.91% above its 200-day simple moving average ($6.17). Across its 52-week range of $4.64 to $8.97, SWIM sits at the 65.1% percentile with a 14-day RSI of 73.3 (OVERBOUGHT (>70)) and an implied next-earnings move of ±7.7% ($6.89 to $8.03).

Direct Sub-Reports: SWIM RQD Cockpit SWIM 12M Forecast SWIM Earnings & Move SWIM Dividends & DRIP SWIM Insiders & 13F SWIM Whale Options SWIM Profit Sankey SWIM News & Why

ROARABLE RATING BRIEF • RQD 57/100 (D+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

SWIM — Latham Group Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:32:25Z

1. Roarable Rating Brief: What This Means to a Prospective Investor

Latham Group Inc. Scores 57 out of 100, equating to a letter grade of D+ and a verdict label of "Roarable Sell — Weak Fundamentals / Trim." The five pillars are:

Fundamental Cash Engine: 8 / 20. this pillar reflects ROIC of 3.5% and an FCF yield of 4.45%. Both are low readings relative to the scale, and this is the weakest pillar, indicating the business currently generates modest returns on invested capital.
Whale 13F Flow: 14 / 20. this pillar captures institutional accumulation and options positioning.
Insider Conviction: 11 / 20. this pillar reflects SEC Form 4 and Congressional PTR cluster flow. The score is below midpoint.
Macro Regime Fit: 11 / 20. this pillar reflects a beta of 1.0 and sector sensitivity. The score is below midpoint.
Forensic Balance Sheet: 13 / 20. this pillar reflects an Altman Z of 2.11, a Piotroski F of 9/9, and Debt/Equity of 0.68. This is the strongest pillar relative to the others.

For a prospective investor evaluating the stock today, the rating points to a profile where the balance sheet metrics are comparatively supportive, while return-generation and valuation-related measures are weak. Per the market data, the stock trades at a P/E (TTM) of 76.8 and EV/EBITDA of 21.7, which are elevated multiples against an ROIC of 3.5%. The upside case depends on earnings and cash conversion improving enough to justify those multiples; the downside risk is that the current valuation is not supported by the reported return profile. This is an analytical framing, not personalized financial advice.

2. Business Model, Unit Margins & SEC Financial Trajectory

Latham Group Inc. (SWIM) is a NASDAQ-listed issuer in the Industrials sector, within the Plastic Products industry,. The company reports revenue of $545.9M for FY 2025. Per the market data, gross margin is 33.4% and operating margin is 5.6%. Customer base and specific product lines are —

Net income moved from -$2.4M in FY 2023 to -$17.9M in FY 2024 and back to $11.1M in FY 2025, while operating income rose each year across the three periods. Per the market data, the net margin is 2% and ROIC is 3.5%. The Altman Z-Score is 2.11 and the Piotroski F-Score is 9/9, with Debt/Equity of 0.68. Free cash flow declined from $116.4M in FY 2023 to $38.0M in FY 2025 .

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case: Forensic balance sheet strength (Piotroski F 9/9, Altman Z 2.11, Debt/Equity 0.68) and FY 2025 net income turning positive at $11.1M on revenue of $545.9M. With Fundamental Cash Engine at 8/20 (ROIC 3.5%, FCF yield 4.45%) and Institutional Whale Flow at 14/20, sustained execution supports upside toward the top of the $4.64 – $8.97 52-week range.
🐻 Primary Bear Case: Weak return profile with ROIC of 3.5% and FCF yield of 4.45% against a P/E (TTM) of 76.8 and EV/EBITDA of 21.7, alongside a downgrade-driven 6.6% price drop. Investors must weigh 76.8x trailing P/E and 21.7x EV/EBITDA against 5.6% operating margins and a 1.00 macro beta if sector demand softens.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

No upstream or downstream dependencies, sector correlations, or proprietary signal links are recorded for SWIM.

Key Question #1: What drove the swing from a FY 2024 net loss of -$17.9M to a FY 2025 net income of $11.1M, and is that improvement repeatable?
Key Question #2: Why did free cash flow decline from $116.4M in FY 2023 to $38.0M in FY 2025, and what is the cash conversion trajectory?
Key Question #3: What is the current cash balance, given that cash is reported as N/A across all periods?

SWIM Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Latham Group Inc. (SWIM) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to SWIM Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 20h ago

Q2 Rundown: Latham (NASDAQ:SWIM) Vs Other Consumer Discretionary - Leisure Products Stocks

Yahoo Finance report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE StockStory • 23h ago

Why Latham (SWIM) Stock Is Down Today

StockStory report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Latham Group (NASDAQ:SWIM) Stock Rating Lowered by William Blair

MarketBeat report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Earnings to watch: Latham (SWIM) reports Q3 results tomorrow

Yahoo Finance report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH MarketBeat • 1d ago

Latham Group (NASDAQ:SWIM) Stock Price Down 6.6% Following Analyst Downgrade

MarketBeat report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Earnings To Watch: Latham Group Inc (SWIM) Reports Q3 2026 Result

Yahoo Finance report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE StockStory • 1d ago

1 Stock Under $10 to Target This Week and 2 That Underwhelm

StockStory report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Latham Group, Inc. to Participate at Conferences in November and December 2026

Yahoo Finance report covering Latham Group Inc. (SWIM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

SWIM Bull vs. Bear Conversation Board — What's Your Call at $7.46?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON SWIM 🐻 33% BEARISH CONVICTION

TA TapeReader_Pro Price Action & Volume Trader 🐂 BULLISH 🎯 Target: $9.21 (+26.0%)

📌 Pinned Debate

Forensic balance sheet strength (Piotroski F 9/9, Altman Z 2.11, Debt/Equity 0.68) and FY 2025 net income turning positive at $11.1M on

Long SWIM at $7.31 targeting $9.21. Forensic balance sheet strength (Piotroski F 9/9, Altman Z 2.11, Debt/Equity 0.68) and FY 2025 net income turning positive at $11.1M on revenue of $545.9M.. Institutional whale score is 14/20 and the risk/reward vs. the $4.64 52-week low is skewed heavily in favor of bulls.

SectorRotator 🐂 BULL

@RiskArb_Desk Fair point on 76.8x trailing P/E, but you're ignoring the forward operating leverage in Plastic Products. If gross margin (33.4%) holds, EPS grows into the multiple faster than bears think.

RI RiskArb_Desk Hedged Event Driven 🐻 BEARISH 🎯 Target: $5.92 (-19.0%)

Spot @ $7.31

Weak return profile with ROIC of 3.5% and FCF yield of 4.45% against a P/E (TTM) of 76.8 and EV/EBITDA of 21.7, alongside a downgrade-d

Sitting on the sidelines or leaning short SWIM above $7.31. Weak return profile with ROIC of 3.5% and FCF yield of 4.45% against a P/E (TTM) of 76.8 and EV/EBITDA of 21.7, alongside a downgrade-driven 6.6% price drop.. Until Fundamental Cash Engine (8/20) and FCF yield (4.45%) inflect higher, upside is capped near $8.97.