Hayward Holdings, Inc. HAYW
We are a leading global designer and manufacturer of a broad portfolio of pool equipment, outdoor living products and industrial flow control products. With the pool as the centerpiece of the growing outdoor living space, the pool industry has attractive market characteristics, including significant aftermarket requirements, such as the ongoing repair, replacement, remodeling and upgrading of equipment for existing pools, innovation-led growth opportunities and a favorable industry structure. We are a leader in this market, with a highly recognized brand, one of the largest installed bases of pool equipment in the world, decades-long relationships with our key channel partners and trade customers, and a history of technological innovation. Our engineered products, which include various energy-efficient and more environmentally sustainable offerings, enhance the pool owner's outdoor living lifestyle while delivering high quality water, pleasant ambiance and ease of use. Aftermarket replacements and
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $1.05B | $992.5M | $1.31B | $1.40B | $875.4M | $733.4M | — |
| Cost of revenue | $583.5M | $564.6M | $563.0M | $717.1M | $746.0M | $478.4M | $409.9M | — |
| Gross profit | $538.7M | $487.0M | $429.4M | $597.0M | $655.8M | $397.0M | $323.5M | — |
| R&D | $27.2M | $25.8M | $24.5M | $22.4M | $22.9M | $20.0M | $19.9M | — |
| SG&A | $246.9M | $217.1M | $186.1M | $248.8M | $267.3M | $195.2M | $179.4M | — |
| Operating income | $233.2M | $208.8M | $175.2M | $285.6M | $318.0M | $124.6M | $98.7M | — |
| Interest expense | — | — | $7.1M | $356.0K | $38.0K | $253.0K | $121.0K | — |
| Pre-tax income | $184.6M | $144.2M | $101.1M | $234.2M | $260.1M | $57.8M | $12.1M | — |
| Income tax | $33.1M | $25.5M | $20.4M | $54.9M | $56.4M | $14.5M | $3.6M | — |
| Net income | $151.6M | $118.7M | $80.7M | $179.3M | $203.7M | $43.3M | $8.5M | — |
| EPS, basic | 0.70 | 0.55 | 0.38 | 0.82 | 0.52 | 0.25 | 0.05 | — |
| EPS, diluted | 0.68 | 0.54 | 0.37 | 0.78 | 0.49 | 0.25 | 0.05 | — |
| Shares, diluted (wtd. avg.) | $222.2M | $221.4M | $220.7M | $229.7M | $200.6M | $2.5M | $2.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $329.6M | $196.6M | $178.1M | $56.2M | $265.8M | $115.3M | $47.2M | $14.3M |
| Short-term investments | $69.5M | $0 | $25.0M | $0 | — | — | — | — |
| Receivables | $280.2M | $278.6M | $270.9M | $209.1M | $208.1M | $140.2M | — | — |
| Inventory | $210.7M | $216.5M | $215.2M | $283.7M | $233.4M | $145.3M | — | — |
| Total current assets | $951.2M | $767.0M | $724.7M | $612.3M | $750.5M | $424.4M | — | — |
| Property, plant and equipment | $164.6M | $160.4M | — | — | — | — | — | — |
| Goodwill | $951.2M | $943.6M | $935.0M | $932.4M | $924.3M | $920.3M | $915.1M | — |
| Other intangibles | $1.00B | $1.03B | $1.04B | $1.07B | $1.08B | $1.11B | $1.15B | — |
| Total assets | $3.15B | $2.99B | $2.95B | $2.88B | $2.98B | $2.61B | — | — |
| Accounts payable | $77.0M | $81.5M | $68.9M | $54.0M | $87.4M | $69.6M | — | — |
| Total current liabilities | $323.2M | $313.0M | $239.7M | $232.4M | $303.9M | $218.7M | — | — |
| Long-term debt | $959.8M | $971.5M | $1.11B | $1.11B | $995.0M | — | — | — |
| Total liabilities | $1.56B | $1.57B | $1.63B | $1.65B | $1.61B | $1.80B | — | — |
| Retained earnings | $851.1M | $699.6M | $580.9M | $500.2M | $320.9M | $203.0M | — | — |
| Total equity | $1.59B | $1.42B | $1.31B | $1.22B | $1.37B | $209.3M | $164.0M | $153.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $256.0M | $212.1M | $184.5M | $115.9M | $189.4M | $213.8M | $94.0M | — |
| Depreciation and amortisation | $22.8M | $20.1M | $16.0M | $19.2M | $18.8M | $18.8M | $17.2M | — |
| Stock-based compensation | $13.4M | $10.6M | $9.2M | $7.9M | $15.0M | $1.9M | $1.6M | — |
| Capital expenditure | $28.7M | $22.4M | $28.9M | $29.6M | $26.2M | $14.2M | $25.0M | — |
| Investing cash flow | -$103.8M | -$54.1M | -$55.4M | -$92.6M | -$48.8M | -$13.0M | $4.0M | — |
| Financing cash flow | -$20.8M | -$136.8M | -$7.6M | -$229.2M | $11.0M | -$135.1M | -$65.1M | — |
| Dividends paid | — | — | — | $0 | $0 | $275.2M | $211.0K | — |
| Buybacks | $5.0M | $378.0K | $0 | $343.3M | $81.0M | $2.5M | $1.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001834622-26-000008.
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