Latham (SWIM)
Market Price (4/22/2026): $5.95 | Market Cap: $694.5 MilSector: Industrials | Industry: Building Products
Latham (SWIM)
Market Price (4/22/2026): $5.95Market Cap: $694.5 MilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Luxury Consumer Goods, and Active Lifestyle & Home Recreation. | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 62x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.2% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% Key risksSWIM key risks include [1] significant profitability pressures, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Luxury Consumer Goods, and Active Lifestyle & Home Recreation. |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 62x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
| Key risksSWIM key risks include [1] significant profitability pressures, Show more. |
Qualitative Assessment
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Latham (SWIM) stock has lost about 5% since 12/31/2025 because of the following key factors:
1. Persistent Weakness in the Broader Residential Pool Market. The U.S. in-ground pool market experienced a low-to-mid-single-digit decline in 2025. This broader industry pressure, primarily influenced by high interest rates dampening demand for large-scale residential construction, created a challenging operating environment for Latham, despite the company's reported outperformance in sales compared to the market.
2. Recent Downward Adjustment in Analyst Price Targets. While Latham received positive guidance for 2026 following its Q4 2025 earnings report, analyst sentiment has shown some caution. Specifically, Barclays maintained an "Equal-Weight" rating and adjusted its price target for SWIM from $8.00 to $7.00 in early April 2026. As of late April 2026, the consensus analyst rating was "Reduce," with an average price target of $6.75.
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1. Persistent Weakness in the Broader Residential Pool Market. The U.S. in-ground pool market experienced a low-to-mid-single-digit decline in 2025. This broader industry pressure, primarily influenced by high interest rates dampening demand for large-scale residential construction, created a challenging operating environment for Latham, despite the company's reported outperformance in sales compared to the market.
2. Recent Downward Adjustment in Analyst Price Targets. While Latham received positive guidance for 2026 following its Q4 2025 earnings report, analyst sentiment has shown some caution. Specifically, Barclays maintained an "Equal-Weight" rating and adjusted its price target for SWIM from $8.00 to $7.00 in early April 2026. As of late April 2026, the consensus analyst rating was "Reduce," with an average price target of $6.75.
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Stock Movement Drivers
Fundamental Drivers
The -6.3% change in SWIM stock from 12/31/2025 to 4/21/2026 was primarily driven by a -8.4% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.35 | 5.95 | -6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 533 | 546 | 2.4% |
| P/S Multiple | 1.4 | 1.3 | -8.4% |
| Shares Outstanding (Mil) | 117 | 117 | -0.1% |
| Cumulative Contribution | -6.3% |
Market Drivers
12/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| SWIM | -6.3% | |
| Market (SPY) | -5.4% | 50.6% |
| Sector (XLI) | 10.5% | 64.7% |
Fundamental Drivers
The -21.8% change in SWIM stock from 9/30/2025 to 4/21/2026 was primarily driven by a -25.1% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.61 | 5.95 | -21.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 522 | 546 | 4.6% |
| P/S Multiple | 1.7 | 1.3 | -25.1% |
| Shares Outstanding (Mil) | 116 | 117 | -0.2% |
| Cumulative Contribution | -21.8% |
Market Drivers
9/30/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| SWIM | -21.8% | |
| Market (SPY) | -2.9% | 43.0% |
| Sector (XLI) | 11.5% | 57.8% |
Fundamental Drivers
The -7.5% change in SWIM stock from 3/31/2025 to 4/21/2026 was primarily driven by a -13.0% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.43 | 5.95 | -7.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 509 | 546 | 7.4% |
| P/S Multiple | 1.5 | 1.3 | -13.0% |
| Shares Outstanding (Mil) | 116 | 117 | -0.9% |
| Cumulative Contribution | -7.5% |
Market Drivers
3/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| SWIM | -7.5% | |
| Market (SPY) | 16.3% | 61.0% |
| Sector (XLI) | 32.2% | 65.0% |
Fundamental Drivers
The 108.0% change in SWIM stock from 3/31/2023 to 4/21/2026 was primarily driven by a 175.3% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.86 | 5.95 | 108.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 696 | 546 | -21.5% |
| P/S Multiple | 0.5 | 1.3 | 175.3% |
| Shares Outstanding (Mil) | 112 | 117 | -3.7% |
| Cumulative Contribution | 108.0% |
Market Drivers
3/31/2023 to 4/21/2026| Return | Correlation | |
|---|---|---|
| SWIM | 108.0% | |
| Market (SPY) | 63.3% | 36.8% |
| Sector (XLI) | 76.7% | 40.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SWIM Return | -8% | -87% | -18% | 165% | -9% | -3% | -77% |
| Peers Return | 33% | -49% | 25% | -7% | -31% | -1% | -46% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| SWIM Win Rate | 33% | 25% | 42% | 67% | 50% | 50% | |
| Peers Win Rate | 68% | 23% | 48% | 54% | 33% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SWIM Max Drawdown | -53% | -89% | -34% | -16% | -32% | -19% | |
| Peers Max Drawdown | -13% | -53% | -16% | -29% | -45% | -23% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: POOL, HAYW, PNR, LESL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)
How Low Can It Go
| Event | SWIM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -93.5% | -25.4% |
| % Gain to Breakeven | 1449.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to POOL, HAYW, PNR, LESL
In The Past
Latham's stock fell -93.5% during the 2022 Inflation Shock from a high on 5/17/2021. A -93.5% loss requires a 1449.8% gain to breakeven.
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About Latham (SWIM)
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was incorporated in 2018 and is headquartered in Latham, New York.
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- In-ground swimming pools: Latham designs, manufactures, and markets in-ground residential swimming pools.
- Pool covers: The company offers various types of covers designed for swimming pools.
- Pool liners: Latham provides liners used for the interior surfaces of swimming pools.
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Latham Group, Inc. (SWIM) primarily sells its in-ground residential swimming pools and related products to other companies. Its major customers are a network of independent pool builders, contractors, and dealers.
These customers are typically local, independent businesses that specialize in the sale and installation of swimming pools for residential homeowners. Due to the decentralized nature of this distribution model, Latham does not have a few dominant "major customers" that are publicly traded corporations. Therefore, specific names and symbols of public customer companies cannot be provided as they primarily serve a wide network of smaller, private entities.
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Sean Gadd
President and Chief Executive Officer
Sean Gadd was appointed President and Chief Executive Officer of Latham Group, Inc. effective January 5, 2026. He joined Latham following a 21-year career at James Hardie, where he most recently served as President of North America since 2022, holding full profit and loss responsibility for the company's largest regional business. Prior to that, he held roles as Executive Vice President, North America, Commercial (2018-2022) and Executive Vice President, Markets and Segments, North America (2015-2018), leading James Hardie's product, marketing, and sales initiatives. Gadd has been recognized for his role in driving substantial organic net sales growth at James Hardie since 2022 through material conversion and market penetration strategies.
Oliver Gloe
Chief Financial Officer
Oliver Gloe was appointed Chief Financial Officer of Latham Group, Inc. effective November 13, 2023. He joined Latham on October 30, 2023, as Vice President, Finance before transitioning to the CFO role. Gloe brings over 20 years of finance experience within global manufacturing companies, having most recently served as the Chief Financial Officer, Outdoors & Security, at Fortune Brands Innovations. His expertise includes leading global financial operations and implementing strategies to enhance customer focus and improve leverage of scale. He holds a Bachelor of Business Administration degree in Finance and an MBA in Finance and International Management.
Sanjeev Bahl
Chief Operating Officer
Sanjeev Bahl serves as the Chief Operating Officer for Latham Group, Inc. No specific background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies is available in the provided information.
Kaushal B. Dhruv
Chief Information Officer and Chief Information Security Officer
Kaushal B. Dhruv holds the positions of Chief Information Officer and Chief Information Security Officer at Latham Group, Inc. No specific background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies is available in the provided information.
Nikki Vaughan Maczko
Chief Human Resources Officer
Nikki Vaughan Maczko is the Chief Human Resources Officer of Latham Group, Inc. No specific background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies is available in the provided information.
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Here are the key risks to Latham Group, Inc.'s business:
- Macroeconomic Conditions and Consumer Discretionary Spending: Latham Group's business is highly susceptible to general economic conditions, as residential swimming pools are significant discretionary purchases for homeowners. Factors such as economic slowdowns, housing affordability, rising interest rates, and overall consumer uncertainty can directly reduce demand for new pool installations and related products.
- Supply Chain and Raw Material Costs: The company faces risks related to inflationary impacts on input costs and its reliance on global third-party suppliers for raw materials. Fluctuations in raw material prices, potential supply disruptions, and challenges in maintaining quality can significantly affect Latham Group's profitability and operational stability.
- High Indebtedness and Capital Flexibility: Latham Group carries a notable level of net debt, which has been identified as a concern by analysts, particularly in an environment of elevated interest rates. This indebtedness can limit the company's financial flexibility, potentially hindering its ability to fund new innovation projects, make strategic acquisitions, or respond effectively to market changes.
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Latham Group, Inc. (SWIM) operates in the addressable markets for in-ground residential swimming pools, pool covers, and pool liners across North America, Australia, and New Zealand.
In-Ground Residential Swimming Pools
- North America: The U.S. swimming pool construction market was valued at $16.5 billion in 2025. The overall swimming pool market size in North America was estimated at USD 5.90 billion in 2025 and is projected to reach USD 8.24 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.91%. Another report indicates that the swimming pool market size is valued to increase by USD 8.68 billion, at a CAGR of 4.9% from 2025 to 2030, with North America dominating the market.
- Australia: The Australia Swimming Pool Market size was valued at USD 56.83 Million in 2024 and is expected to expand to USD 79.74 Million by 2033, with a projected CAGR of 3.87% from 2026–2033. Another source states the market size, measured by revenue, was $1.7 billion in 2023. Around 25,000 new in-ground pools are built each year across Australia. The Australia swimming pool market is also projected to grow at a CAGR of 6.44% between 2026 and 2035.
- New Zealand: New Zealand has approximately 40,000 residential swimming pools. The NZ Pool Industry Association estimates that between 80,000 to 100,000 pools have been built over the past 45 years. Specific market size data in USD for new in-ground pool construction in New Zealand was not available.
Pool Covers
- North America: The North America Swimming Pool Cover Market is projected to grow at a CAGR of 6.8% between 2026 and 2033, with an estimated market size of USD 850 million in 2026, reaching USD 1,435 million by the end of 2033. The security swimming pool covers market in North America is estimated at USD 1,200.75 million in 2024 and is projected to reach USD 2,105.60 million by 2032, with North America identified as the fastest-growing region.
- Australia: The Australian security swimming pool covers market is predicted to grow at a CAGR of 6.2%, with a market size of USD 20.95 million in 2024.
- New Zealand: Specific market size data in USD for pool covers in New Zealand was not available, although various brands and factors influencing cost are mentioned.
Pool Liners
- North America: The North America Vinyl Swimming Pool Liner Market size was valued at USD 413.29 Million in 2023 and is projected to reach USD 591.83 Million by 2031, growing at a CAGR of 4.48%. The global vinyl liner swimming pool market was valued at $1.59 billion in 2025 and is projected to grow at an estimated CAGR of 5.1% from 2025 to 2033.
- Australia: While vinyl liners are a component of the Australian swimming pool market, specific market size data for pool liners in Australia was not available.
- New Zealand: Vinyl liners are a type of swimming pool available in New Zealand, and custom-made vinyl liners are produced there. However, specific market size data in USD for pool liners in New Zealand was not available.
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Expected Drivers of Future Revenue Growth for Latham Group (SWIM)
Latham Group, Inc. (SWIM) anticipates several key drivers to fuel its revenue growth over the next two to three years, despite expectations for a relatively flat U.S. in-ground pool market. The company projects a 9% sales growth at the midpoint for fiscal year 2026. Here are the primary expected drivers of future revenue growth:- Increased Adoption and Market Share Gains in Fiberglass Pools and Autocovers: Latham is strategically positioned to leverage its expertise in fiberglass pools and autocovers, which are identified as sectors with significant expansion potential. The company is actively working to drive the awareness and adoption of these products, particularly in key regions. Fiberglass pools accounted for 76.5% of in-ground pool sales in 2025 and are gaining market share, reaching 24% of U.S. pool starts.
- Expansion into "Sand States" and Enhanced Dealer Network: Latham plans to bolster its brand and marketing efforts in high-growth regions, specifically the "Sand States" like Florida and Texas. This strategy involves strengthening relationships with contractors and homebuilders, establishing a presence in master-planned communities, and expanding its dealer network to improve conversions and market reach.
- Strategic Acquisitions: Future revenue growth is expected to be driven not only by organic initiatives but also by strategic acquisitions. The company completed the acquisition of Freedom Pools in February 2026, which is anticipated to be immediately accretive to earnings and expand Latham's market presence in Australia and New Zealand. Latham also made smaller Coverstar acquisitions in February 2025. The company plans to continue considering select accretive acquisitions.
- Product Innovation and Direct-to-Homeowner Marketing: Latham is supporting sales growth through product innovation and the use of digital tools. The company has pioneered a "direct-to-homeowner" digital and social marketing strategy designed to create demand for its pools and generate high-quality, purchase-ready consumer leads for its dealer partners.
- Outperforming the Broader Market: Despite a forecast for U.S. in-ground pool starts to remain approximately level with 2025 in the fiscal year 2026, Latham anticipates robust revenue growth, outperforming the overall market. This suggests an expectation of continued market share gains through its strategic priorities and operational efficiencies.
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Share Repurchases
- Latham Group, Inc. spent $8.0 million on share buybacks in Q4 2022.
Share Issuance
- Latham Group, Inc. had 117 million shares outstanding in Q4 2025.
- The number of shares outstanding increased by 3.80% in one year (as of late 2025/early 2026).
Outbound Investments
- Latham Group acquired Freedom Pools, a fiberglass pool manufacturer, for approximately $17 million on February 26, 2026, fully funded with cash on hand.
- In December 2021, Latham Group acquired Radiant Pools, a manufacturer of vinyl liner aluminum swimming pools, for $90 million to expand its product portfolio and market reach.
- Latham made a strategic investment in October 2020 by acquiring a minority interest in Premier Pools & Spas.
Capital Expenditures
- Capital expenditures totaled $25.4 million for the full year 2025, up from $20.1 million in 2024.
- For fiscal year 2026, Latham Group expects capital expenditures to be in the range of $42 million to $48 million.
- Investments in 2025 were primarily directed towards facilities in Florida and Oklahoma, and molds for smaller rectangular pools with spas popular in the "Sand States."
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Latham (SWIM) Stock Pre-Market (+20%) : Strong Q4 Earnings & 2026 Guidance | 03/04/2026 | |
| Latham Earnings Notes | 12/16/2025 | |
| Latham Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| Latham (SWIM) Debt Comparison | 08/09/2025 | |
| Latham (SWIM) Operating Cash Flow Comparison | 08/09/2025 | |
| Latham (SWIM) Tax Expense Comparison | 08/09/2025 | |
| Latham (SWIM) Revenue Comparison | 08/09/2025 | |
| Latham (SWIM) Net Income Comparison | 08/09/2025 | |
| Latham (SWIM) EBITDA Comparison | 08/09/2025 | |
| Latham (SWIM) Operating Income Comparison | 08/09/2025 | |
| ARTICLES | ||
| Latham (SWIM) Stock Pre-Market (+20%): Q4 Beat, Strong ’26 Guidance & Accretive Acquisition | 03/04/2026 |
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.35 |
| Mkt Cap | 3.3 |
| Rev LTM | 1,214 |
| Op Inc LTM | 237 |
| FCF LTM | 225 |
| FCF 3Y Avg | 189 |
| CFO LTM | 256 |
| CFO 3Y Avg | 218 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.3% |
| Rev Chg 3Y Avg | -5.0% |
| Rev Chg Q | 4.9% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 3.4% |
| Op Inc Chg 3Y Avg | -3.8% |
| Op Mgn LTM | 11.0% |
| Op Mgn 3Y Avg | 12.0% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 11.6% |
| CFO/Rev 3Y Avg | 14.7% |
| FCF/Rev LTM | 5.9% |
| FCF/Rev 3Y Avg | 10.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.3 |
| P/S | 1.6 |
| P/Op Inc | 14.8 |
| P/EBIT | 14.8 |
| P/E | 22.0 |
| P/CFO | 13.0 |
| Total Yield | 4.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 12.5% |
| 3M Rtn | -7.3% |
| 6M Rtn | -22.1% |
| 12M Rtn | 15.1% |
| 3Y Rtn | 32.0% |
| 1M Excs Rtn | 4.0% |
| 3M Excs Rtn | -11.2% |
| 6M Excs Rtn | -24.8% |
| 12M Excs Rtn | -20.6% |
| 3Y Excs Rtn | -31.6% |
Price Behavior
Price Behavior
| Market Price | $5.95 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 04/23/2021 | |
| Distance from 52W High | -27.9% | |
| 50 Days | 200 Days | |
| DMA Price | $6.13 | $6.84 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -2.9% | -13.0% |
| 3M | 1YR | |
| Volatility | 56.5% | 51.5% |
| Downside Capture | 0.78 | 0.88 |
| Upside Capture | 205.00 | 160.45 |
| Correlation (SPY) | 44.7% | 48.5% |
SWIM Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.32 | 1.96 | 2.02 | 1.61 | 1.80 | 1.94 |
| Up Beta | 5.22 | 3.04 | 3.05 | 1.94 | 1.74 | 1.94 |
| Down Beta | 0.33 | 1.45 | 1.40 | 1.15 | 1.79 | 1.62 |
| Up Capture | 287% | 206% | 238% | 146% | 231% | 1617% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 18 | 29 | 59 | 121 | 350 |
| Down Capture | 275% | 184% | 188% | 172% | 149% | 112% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 14 | 23 | 33 | 65 | 123 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SWIM | |
|---|---|---|---|---|
| SWIM | 27.2% | 51.5% | 0.64 | - |
| Sector ETF (XLI) | 38.5% | 15.4% | 1.91 | 57.4% |
| Equity (SPY) | 23.7% | 12.7% | 1.52 | 50.3% |
| Gold (GLD) | 41.4% | 27.5% | 1.25 | 1.7% |
| Commodities (DBC) | 22.4% | 16.2% | 1.25 | -3.2% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 41.7% |
| Bitcoin (BTCUSD) | -10.4% | 42.7% | -0.14 | 24.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SWIM | |
|---|---|---|---|---|
| SWIM | -25.6% | 78.7% | -0.04 | - |
| Sector ETF (XLI) | 12.9% | 17.3% | 0.59 | 40.4% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 40.0% |
| Gold (GLD) | 21.6% | 17.8% | 0.99 | 8.3% |
| Commodities (DBC) | 10.9% | 18.8% | 0.47 | 8.5% |
| Real Estate (VNQ) | 4.1% | 18.8% | 0.12 | 37.2% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 17.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SWIM | |
|---|---|---|---|---|
| SWIM | -13.7% | 78.7% | -0.04 | - |
| Sector ETF (XLI) | 14.0% | 19.9% | 0.62 | 40.4% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 40.0% |
| Gold (GLD) | 13.7% | 15.9% | 0.71 | 8.3% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 8.5% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 37.2% |
| Bitcoin (BTCUSD) | 68.0% | 66.9% | 1.07 | 17.4% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/3/2026 | 11.8% | -1.4% | -16.8% |
| 11/4/2025 | -3.5% | -6.0% | -1.7% |
| 8/5/2025 | 7.3% | 7.5% | 17.0% |
| 3/4/2025 | 36.8% | 33.0% | 23.1% |
| 11/5/2024 | -11.7% | -15.7% | -2.4% |
| 8/6/2024 | 41.5% | 76.8% | 84.9% |
| 3/12/2024 | -6.1% | -1.8% | 5.2% |
| 11/7/2023 | 7.8% | -13.5% | 2.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 9 |
| # Negative | 5 | 7 | 7 |
| Median Positive | 11.8% | 11.5% | 17.0% |
| Median Negative | -3.5% | -10.6% | -10.8% |
| Max Positive | 41.5% | 76.8% | 84.9% |
| Max Negative | -11.7% | -18.8% | -16.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 580.00 Mil | 595.00 Mil | 610.00 Mil | 9.2% | Higher New | Actual: 545.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 105.00 Mil | 112.50 Mil | 120.00 Mil | 18.4% | Higher New | Actual: 95.00 Mil for 2025 | |
| 2026 Capital Expenditures | 42.00 Mil | 45.00 Mil | 48.00 Mil | 95.7% | Higher New | Actual: 23.00 Mil for 2025 | |
Prior: Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Net Sales | 540.00 Mil | 545.00 Mil | 550.00 Mil | -0.9% | Lowered | Guidance: 550.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 92.00 Mil | 95.00 Mil | 98.00 Mil | 0 | Affirmed | Guidance: 95.00 Mil for 2025 | |
| 2025 Capital Expenditures | 22.00 Mil | 23.00 Mil | 24.00 Mil | -23.3% | Lowered | Guidance: 30.00 Mil for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dellaquila, Frank J | Direct | Buy | 8252025 | 8.24 | 5,000 | 41,200 | 179,747 | Form | |
| 2 | Gloe, Oliver C | CHIEF FINANCIAL OFFICER | Direct | Buy | 5162025 | 6.10 | 13,500 | 82,350 | 2,846,443 | Form |
| 3 | Cline, James E | Direct | Sell | 5132025 | 5.95 | 45,583 | 271,219 | 1,152,325 | Form | |
| 4 | Cline, James E | Direct | Sell | 5132025 | 6.45 | 4,417 | 28,490 | 1,220,669 | Form | |
| 5 | Wc, Partners Executive Iv, Lp | Direct | Sell | 3182025 | 6.54 | 105,250 | 688,335 | 2,176,630 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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