MEDIUMOutside partySupplier
60%
top ten suppliers
“10-K Item 1: 'In 2025, we purchased supplies from 233 suppliers, with 60% of supplies being purchased from our top ten suppliers and 12% of supplies being purchased from our largest supplier.'”
SWIM · Concentration risk · 10-K extracted
Latham Group (SWIM) concentration risks
Updated
The most significant concentration Latham Group discloses is top ten suppliers at 60%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Latham Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
49%
top ten dealer and distributor relationships
“10-K Item 1: 'Our top ten dealer and distributor relationships accounted for 49.0% of our net sales in 2025'”
LOWOutside partyCustomer
22.6%
largest distributor
“10-K Item 1: 'Our largest distributor, which provides valuable local market support with a network of over 300 locations, accounted for 22.6% of our net sales in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Latham Group's concentration risk runs on both the supply and customer sides. In 2025, the company purchased supplies from 233 suppliers, with 60% of supplies coming from its top ten suppliers and 12% from its single largest supplier — a meaningful reliance on a small group of vendors within an otherwise broad supplier base. On the customer side, the top ten dealer and distributor relationships accounted for 49.0% of net sales in 2025, with the largest distributor alone — described as providing valuable local market support through a network of over 300 locations — representing 22.6% of net sales. Both the supplier and dealer/distributor concentrations are dependency-type exposures tied to specific counterparties rather than structural industry features, meaning disruption of a top supplier or the largest distributor would have a more direct, idiosyncratic effect than a broad-based industry headwind. Of the two, the largest distributor relationship is disclosed at a comparatively smaller share than the top-ten groupings, but its scale still makes it the single most consequential named relationship in Latham's concentration profile.
For the engine’s reasoning on SWIM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Building Products & Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARLO | Arlo Technologies, Inc. | 2 | 1 | 0 | 3 |
| AWI | Armstrong World Industries Inc | 1 | 1 | 2 | 4 |
| ASPN | Aspen Aerogels, Inc. | 1 | 0 | 0 | 1 |
| SWIM● | Latham Group, Inc. | 0 | 2 | 1 | 3 |
| AAON | AAON, Inc. | 0 | 1 | 0 | 1 |
| APOG | Apogee Enterprises, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.