公司概述
Pool Corporation operates as a distributor specializing in swimming pool supplies, equipment, and related leisure products, including maintenance chemicals, accessories, repair parts, and irrigation items for both domestic and international markets. This business model positions the company firmly within the Industrials sector, specifically the Industrial Distribution industry, where it focuses on the logistics and supply chain management of essential leisure infrastructure components. The enterprise commands a market capitalization of $7.47B and generated annual revenue of $5.29B, supported by a workforce of 6,000 employees. These valuation and revenue figures indicate that the company maintains a significant operational footprint and holds a substantial position within its niche market, reflecting the economic weight of its distribution network and product portfolio.
财务健康
The company reported revenue of $5.29B and net income of $404.42M for the trailing twelve months, while EBITDA stood at $631.17M. The substantial gap between the $5.29B revenue and the $404.42M net income reveals a cost structure characterized by significant operating expenses, where costs consume approximately 92.3% of total revenue before reaching the bottom line. Despite these operating costs, the business generated free cash flow of $203.11M, which indicates a positive cash generation capability that supports financial flexibility for capital expenditures or debt servicing. The gross margin stands at 29.7%, suggesting a healthy markup on product sales relative to the cost of goods sold. The operating margin is 5.3%, indicating the efficiency of core business operations after accounting for selling, general, and administrative expenses. Furthermore, the profit margin is 7.7%, which reflects the final profitability available to shareholders after all expenses, interest, and taxes have been deducted. Regarding liquidity and leverage, the company holds $104.96M in cash against total debt of $1.54B, resulting in a debt-to-equity ratio of 129.51, which characterizes a highly leveraged balance sheet structure. The current ratio is 2.24, indicating that the company possesses more than double the current assets required to cover its short-term liabilities, suggesting robust short-term liquidity. Return on equity is 33.1% and return on assets is 10.4%, metrics that reveal highly effective management in generating returns relative to the capital invested in the company and its total asset base.
估值评估
The trailing twelve-month P/E ratio is 18.69, while the forward P/E is projected at 17.06. The difference between the trailing and forward P/E ratios implies that the market expects earnings to expand in the future, as the lower forward multiple suggests anticipated growth will compress the valuation relative to current earnings. The price-to-book ratio is 6.26, which indicates that the stock trades at a significant premium over its book value, reflecting investor confidence in the company's intangible assets and brand equity beyond the tangible asset base. Alternative valuation metrics such as the price-to-sales ratio of 1.41 and an EV/EBITDA of 14.09 provide additional context, suggesting the market values the company based on its sales scale and enterprise cash generation capabilities. The 52-week high is $345.00 and the 52-week low is $195.49. Without the current specific share price provided in the input data, the precise percentage deviation from the high or low cannot be calculated, but the trading range defines the recent volatility band within which the stock has moved. The beta value is 1.26, which means the stock price exhibits higher volatility relative to the broader market, moving approximately 26% more than the market index during periods of price fluctuation.
Growth & Income
Revenue growth year-over-year is -0.5%, while earnings growth year-over-year is -12.9%. The earnings growth rate is declining at a faster pace than the revenue growth rate, which implies that margin compression or specific cost pressures are impacting profitability more severely than top-line sales volume. For dividend payers, the company offers a dividend yield of 2.5% with a payout ratio of 45.6%. Given the recent decline in earnings and the high leverage indicated by the debt-to-equity ratio, the sustainability of this payout depends on whether earnings can stabilize or improve to cover the dividend obligations. Since the company is currently experiencing negative earnings growth, the focus shifts to capital allocation efficiency rather than aggressive dividend expansion. The overall growth and income profile presents a mixed picture of a mature distribution business with a solid dividend yield but facing near-term headwinds in revenue and profitability.