Latham Group Inc Net Assets
Latham Group Inc net assets. Based on the latest financial reports, Latham Group Inc (SWIM) has net assets worth $411.43 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($860.37 Million) and total liabilities ($448.94 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See SWIM equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $411.43 Million |
| % of Total Assets | 47.82% |
| Annual Growth Rate | 13.11% |
| 5-Year Change | 14.77% |
| 10-Year Change | N/A |
| Growth Volatility | 16.41 |
Net Assets of Latham Group Inc (2019–2025)
Net assets of Latham Group Inc from 2019 to 2025. This chart illustrates how Latham Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore SWIM net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Latham Group Inc (2019–2025)
The table below shows the annual net assets of Latham Group Inc from 2019 to 2025. For live market cap and overall valuation, see SWIM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $405.86 Million | +4.81% |
| 2024-12-31 | $387.22 Million | -3.00% |
| 2023-12-31 | $399.20 Million | +4.29% |
| 2022-12-31 | $382.79 Million | +8.24% |
| 2021-12-31 | $353.64 Million | +25.58% |
| 2020-12-31 | $281.61 Million | +45.31% |
| 2019-12-31 | $193.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Latham Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6147400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Latham Group Inc Net Assets Breakdown (December 2025)
Latham Group Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.00K | 0.00% |
| Other Comprehensive Income | $-3.88 Million | -0.96% |
| Other Components | $473.42 Million | 116.65% |
| Total Equity | $405.86 Million | 100.00% |
Latham Group Inc Competitors by Market Cap
The table below lists competitors of Latham Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou XZB Tech Co Ltd
SHG:603040
|
$769.76 Million |
|
Beyondsoft Corp
SHE:002649
|
$770.03 Million |
|
Dometic Group AB (publ)
ST:DOM
|
$770.19 Million |
|
Ningxia Western Venture Industrial Co Ltd
SHE:000557
|
$770.40 Million |
|
HomeTrust Bancshares, Inc.
NYSE:HTB
|
$768.68 Million |
|
Nine Entertainment Co. Holdings Ltd
AU:NEC
|
$768.59 Million |
|
Xiandai Investment Co Ltd
SHE:000900
|
$768.49 Million |
|
Da-Cin Construction Co Ltd
TW:2535
|
$768.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Latham Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 387,222,000 to 405,861,000, a change of 18,639,000 (4.8%).
- Net income of 11,124,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,168,000.
- Other factors increased equity by 6,347,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.12 Million | +2.74% |
| Other Comprehensive Income | $1.17 Million | +0.29% |
| Other Changes | $6.35 Million | +1.56% |
| Total Change | $- | 4.81% |
Book Value vs Market Value Analysis
This analysis compares Latham Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.51x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $1.61 | $7.26 | x |
| 2020-12-31 | $2.34 | $7.26 | x |
| 2021-12-31 | $3.20 | $7.26 | x |
| 2022-12-31 | $3.38 | $7.26 | x |
| 2023-12-31 | $3.54 | $7.26 | x |
| 2024-12-31 | $3.35 | $7.26 | x |
| 2025-12-31 | $3.39 | $7.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Latham Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.04%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.03x
- Recent ROE (2.74%) is above the historical average (-1.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 3.85% | 2.35% | 0.60x | 2.71x | $-11.92 Million |
| 2020 | 5.68% | 3.96% | 0.62x | 2.30x | $-12.18 Million |
| 2021 | -17.63% | -9.89% | 0.79x | 2.25x | $-97.71 Million |
| 2022 | -1.49% | -0.82% | 0.80x | 2.27x | $-43.97 Million |
| 2023 | -0.60% | -0.42% | 0.68x | 2.09x | $-42.31 Million |
| 2024 | -4.61% | -3.51% | 0.64x | 2.05x | $-56.58 Million |
| 2025 | 2.74% | 2.04% | 0.66x | 2.03x | $-29.46 Million |
Industry Comparison
This section compares Latham Group Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,051,967,231
- Average return on equity (ROE) among peers: -4.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Latham Group Inc (SWIM) | $411.43 Million | 3.85% | 1.09x | $769.41 Million |
| AAON Inc (AAON) | $237.23 Million | 22.97% | 0.25x | $6.21 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $276.02 Million | -151.68% | 0.33x | $6.19 Million |
| Montana Technologies Corporation (AIRJ) | $282.06 Million | -0.82% | 0.04x | $185.65 Million |
| Apogee Enterprises Inc (APOG) | $487.90 Million | 17.43% | 1.41x | $790.49 Million |
| Alpha Pro Tech Ltd (APT) | $36.11 Million | 2.88% | 0.08x | $64.06 Million |
| Arlo Technologies (ARLO) | $203.38 Million | -42.26% | 1.67x | $1.40 Billion |
| Armstrong World Industries Inc (AWI) | $2.17 Billion | 62.52% | 0.92x | $7.01 Billion |
| Azek Company Inc (AZEK) | $1.44 Billion | 4.65% | 0.65x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $596.34 Million | 34.41% | 3.92x | $6.79 Billion |
| Carrier Global Corp (CARR) | $14.78 Billion | 8.30% | 0.49x | $45.78 Billion |
About Latham Group Inc
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers in-ground swimming pools, including fiberglass and packaged pools; and covers, such as automatic safety and all-season pool covers; and liners. It sells its products directly to dealers and distributors who warehouse the products and sell to d… Read more