Latham Group, Inc. — Earnings Quality Grade F
SWIM · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 27 days, change +4 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 7.4%, CFFO 3.5%. Cash follows revenue
Expense Quality
Inventory -2.8% vs COGS 2.6%. Normal
CapEx growth 85.8% is >2x revenue growth 7.4%
SG&A/Gross Profit = 67.3%. Normal
Gross margin 33.4%, change +3.1pp. Stable
Cash Flow Quality
CFFO/NI = 5.70. Profits backed by cash
FCF $0.0B, FCF/NI = 2.34
Accruals ratio = -6.4%. Low accruals
Cash $0.1B covers only 23% of debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 104% of equity. Over 50%
Interest coverage = 1.2x (<2x). Financial stress
Other assets 15.6% vs revenue 7.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.66 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25