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HAYW

Hayward Holdings, Inc.

HAYW

Hayward Holdings, Inc. • NYSE
$16.45 ▼ -0.66% (-0.11)
Market Cap $3.57 B
52w High $17.73
52w Low $11.10
Dividend Yield 0%
P/E 26.53
Volume 730.85K
Outstanding Shares 216.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $237.178M ▼ $76.925M ▼ $24.028M ▼ 10.131% ▼ $0.11 ▼ $56.673M ▼
Q2-2025 $299.603M ▲ $78.021M ▲ $44.799M ▲ 14.953% ▲ $0.21 ▲ $89.372M ▲
Q1-2025 $228.841M ▼ $71.103M ▼ $14.333M ▼ 6.263% ▼ $0.07 ▼ $49.92M ▼
Q4-2024 $327.075M ▲ $80.158M ▲ $54.733M ▲ 16.734% ▲ $0.25 ▲ $96.176M ▲
Q3-2024 $227.569M $70.958M $16.501M 7.251% $0.077 $52.608M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $448.334M ▲ $3.036B ▼ $1.513B ▼ $1.523B ▲
Q2-2025 $365.051M ▲ $3.037B ▲ $1.539B ▼ $1.498B ▲
Q1-2025 $181.333M ▼ $2.985B ▼ $1.545B ▼ $1.439B ▲
Q4-2024 $196.589M ▼ $2.991B ▲ $1.567B ▲ $1.424B ▲
Q3-2024 $274.184M $2.89B $1.517B $1.373B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $24.028M ▼ $94.615M ▼ $-27.469M ▼ $-2.868M ▲ $63.633M ▼ $86.796M ▼
Q2-2025 $44.799M ▲ $194.212M ▲ $-7.471M ▼ $-4.317M ▼ $183.718M ▲ $187.306M ▲
Q1-2025 $14.333M ▼ $-5.85M ▲ $-6.111M ▼ $-3.735M ▲ $-15.256M ▲ $-11.962M ▲
Q4-2024 $54.733M ▲ $-63.694M ▼ $-254K ▲ $-10.942M ▼ $-77.595M ▼ $-70.431M ▼
Q3-2024 $16.501M $65.923M $-5.852M $-2.241M $59.128M $59.077M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial Pool
Commercial Pool
 $20.00M ▲$20.00M ▲$20.00M ▲$10.00M ▼
Flow Control
Flow Control
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Residential Pool
Residential Pool
 $300.00M ▲$200.00M ▼$270.00M ▲$220.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from the post‑pandemic peak but appears to be stabilizing and slowly recovering. The company is still solidly profitable, with healthy gross and operating margins for an industrial business. Earnings dipped meaningfully after the 2021–2022 boom years, but they remained positive throughout and have started to improve again. Overall, the income statement points to a business that went through a demand normalization phase after a surge, yet has preserved decent profitability and avoided deep margin erosion.

Balance Sheet

Balance Sheet The balance sheet looks generally sound. Total assets are steady, cash has rebuilt from a low point a few years ago, and debt has been trimmed recently rather than increased. Equity has grown significantly since before the IPO, signaling retained profits and a stronger capital base. The company still uses a noticeable amount of debt, so it remains somewhat sensitive to interest rates and refinancing conditions, but leverage appears to be moving in a more conservative direction rather than a riskier one.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been consistently positive, even when earnings softened, which suggests the accounting profits are backed by real cash. Free cash flow has remained positive each year after covering a modest level of capital spending, indicating disciplined investment and good cash conversion. This steady cash flow provides room to service debt and invest in growth, although it is not so large that the company is insulated from a severe downturn in pool-related spending.

Competitive Edge

Competitive Edge Hayward occupies a strong position in the global pool equipment market, especially in residential pools. Its brand is well known among pool professionals, it has a broad and sticky distribution network, and a large installed base that supports recurring sales of replacement parts and upgrades. The company offers a full product suite—pumps, filters, heaters, cleaners, lighting, and automation—which makes it a convenient one‑stop choice for builders and service providers. Patents, the “Totally Hayward” loyalty program, and deep ties with the professional channel all reinforce its moat. That said, it operates in a concentrated and competitive field against players like Pentair and Fluidra, and demand is tied to housing activity, weather, and discretionary consumer spending.

Innovation and R&D

Innovation and R&D Innovation is a key differentiator for Hayward. The company has leaned into smart, connected, and energy‑efficient pool systems, with its OmniLogic automation platform at the center. This ecosystem approach—extending from pumps and heaters to lighting, water features, and broader backyard control—helps lock in customers and creates upgrade opportunities. Its variable‑speed pumps, efficient heat pumps, and advanced sanitization solutions address both energy savings and environmental concerns, which are long‑term industry themes. Recent acquisitions in smart controls and commercial water treatment (including ChlorKing) expand its technology base and market reach. The main execution risk is the need to keep pace with rapid IoT and software evolution while competitors push their own smart platforms.

Summary

Overall, Hayward looks like a well‑positioned niche industrial company that benefited from an exceptional demand surge, then navigated a normalization without losing its profitability or financial footing. The business combines a resilient aftermarket component, strong relationships with professionals, and a clear strategic focus on smart and energy‑efficient solutions. Financially, it generates steady cash, has been strengthening its balance sheet, and maintains respectable margins despite cyclical pressures. Key risks include exposure to housing and discretionary spending cycles, intense competition in pool equipment and automation, and the need for ongoing technology investment to defend its smart‑pool leadership. The core story is of a mature, branded operator in a specialized market, leaning on innovation and installed‑base economics to support long‑term growth.

NEWS

October 29, 2025 · 7:01 AM UTC

Hayward Holdings Reports Third Quarter Fiscal Year 2025 Financial Results and Increases 2025 Guidance

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October 23, 2025 · 12:20 PM UTC

Halper Sadeh LLC Encourages Hayward Holdings, Inc. Shareholders to Contact the Firm to Discuss Their Rights

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October 13, 2025 · 8:00 AM UTC

Hayward Holdings Announces Third Quarter 2025 Earnings Release and Conference Call Date

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