MasterCraft vs Latham Group
Latham Group reported revenue of $546 million in fiscal 2025, 1.6 times MasterCraft's $349 million in fiscal 2026. MasterCraft's revenue grew 22.8% in its latest year, and Latham Group's grew 7.3%. MasterCraft had an operating margin of -0.3%, against 5.6% at Latham Group. Free cash flow was $22 million at MasterCraft and $38 million at Latham Group. Their fiscal years end in different months (June 30 and December 31), so the periods don't line up exactly.
Side by side
| MasterCraft | Latham Group | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $349M | $546M |
| Revenue growth | 22.8% | 7.3% |
| Revenue growth a year, last 5 years | −5.6% | 6.2% |
| Gross margin | 22.9% | 33.4% |
| Operating margin | −0.3% | 5.6% |
| Net margin | −0.5% | 2.0% |
| Free cash flow | $22M | $38M |
| Free cash flow margin | 6.4% | 7.0% |
| Return on capital | −0.2% | 4.1% |
| Net debt to EBITDA | −3.5x | 2.6x |
| Dividends and buybacks | $2M | $0M |
| Change in diluted share count | 3.9% | 3.8% |
| Last close | $20.36 | $7.85 |
| P/E at the last close | — | 98.1× |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 4 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MasterCraftLatham Group
Operating margin
Percent of revenue
MasterCraftLatham Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MasterCraftLatham Group
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MasterCraft and Latham Group pages.