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Hayward Holdings
(NYSE:HAYW)
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Rating:70Outperform
Price Target:
$16.50
▲(13.64% Upside)
Action:Upgraded
Date:10/29/26
The score is driven primarily by solid underlying profitability and positive cash generation, reinforced by a strongly constructive earnings call with raised guidance and robust free-cash-flow expectations. Technicals support the uptrend, but overbought signals increase near-term risk, while valuation appears fair rather than compelling and there is no dividend yield to bolster returns.
Positive Factors
Recurring Aftermarket Demand
An installed base producing more than 85% of sales gives Hayward a durable replacement and maintenance revenue stream. This reduces reliance on new pool construction, supports demand visibility across cycles, and provides a foundation for sustained sales as equipment ages.
Negative Factors
Weak New-Construction Market
A prolonged decline in new pool construction limits demand from initial equipment installations and keeps the company exposed to a weak portion of the market. Continued permitting softness could constrain volume growth and leave aftermarket demand carrying more of the burden.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Aftermarket Demand
An installed base producing more than 85% of sales gives Hayward a durable replacement and maintenance revenue stream. This reduces reliance on new pool construction, supports demand visibility across cycles, and provides a foundation for sustained sales as equipment ages.
Read all positive factors
Hayward Holdings (HAYW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.14B
Dividend YieldN/A
Average Volume (3M)3.90M
Price to Earnings (P/E)18.7
Beta (1Y)0.87
Revenue Growth7.57%
EPS Growth23.19%
CountryUS
Employees1,960
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.79
Shares Outstanding212,119,580
10 Day Avg. Volume3,453,293
30 Day Avg. Volume3,896,494
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)2.10
Price to Sales (P/S)2.98
P/FCF Ratio14.85
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue2.77
Enterprise Value/Gross Profit6.21
Enterprise Value/Ebitda10.30
Forecast
1Y Price Target
$17.33Price Target Upside19.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.86
Revenue Forecast (FY)$1.18B
Hayward Holdings Business Overview & Revenue Model
Company Description
Hayward Holdings, Inc., established in 1925 and headquartered in Charlotte, North Carolina, specializes in the development, manufacturing, and global marketing of a diverse range of swimming pool equipment and integrated automation systems. Its ex...
How the Company Makes Money
Hayward primarily makes money by manufacturing and selling swimming pool equipment and related replacement parts and accessories. Revenue is generated from product sales across core categories such as pool pumps and motors, filtration products, he...
Hayward Holdings Earnings Call Summary
Earnings Call Date:Oct 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Mar 03, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Hayward delivered solid sales, volume, EBITDA and EPS growth; reported resilient aftermarket demand, share gains and healthy channel conditions; raised its full-year outlook; and maintained strong liquidity and leverage. The main challenges were inflation and tariff pressures, a difficult new construction market, declines in Europe and Canada, lower operating cash flow and cautious fourth-quarter assumptions.Positive Updates
Quarterly Sales and EPS Growth
Third-quarter net sales increased 6% to $260 million, driven by favorable price realization and higher volumes. Adjusted diluted EPS increased 29% to $0.18, and year-to-date net sales increased 8%.
Negative Updates
Europe and Rest of World Sales Decline
Europe and Rest of World net sales declined 6% to $34 million in the third quarter. Europe declined 18%, largely due to the timing of initial shipments from Wuxi, China, while Rest of World increased 6% in the quarter but was down 4% year-to-date. The company also cited lower volume, customary late-season discount programs and geopolitical pressures.
Read all updates
Q3-2026 Updates
Positive
Negative
Quarterly Sales and EPS Growth
Third-quarter net sales increased 6% to $260 million, driven by favorable price realization and higher volumes. Adjusted diluted EPS increased 29% to $0.18, and year-to-date net sales increased 8%.
Read all positive updates
Company Guidance
For full year 2026, Hayward expects net sales growth of approximately 5% to 6%, adjusted diluted EPS of $0.86 to $0.88, an increase of approximately 12% to 14% year-over-year, free cash flow of around $200 million, exceeding 100% of net income, approximately $47 million of net interest expense, a normalized effective tax rate of about 24%, and capital expenditures of approximately $40 million; fourth-quarter net sales are expected to be flat to positive 3%, with pricing positive, low to mid-single digits, and more positive price in there than volume, while full year gross margin is expected to be in line at approximately 48%, inflation in '26 is expected to be mid -- slightly higher than mid-single digits, and 2026 net price realization is expected to be mid-single-digit positive; for the 2027 early buy, the company cited a mid-single-digit price increase before discounts and low single-digit volume growth expected once the program closes.Hayward Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.12B | 1.05B | 992.45M | 1.31B | 1.40B |
| Gross Profit | 527.50M | 511.23M | 501.96M | 446.59M | 564.91M | 623.13M |
| EBITDA | 317.86M | 301.81M | 278.89M | 243.37M | 343.07M | 362.21M |
| Net Income | 169.81M | 151.57M | 118.66M | 80.69M | 179.35M | 203.72M |
Balance Sheet | ||||||
| Total Assets | 3.10B | 3.15B | 2.99B | 2.95B | 2.88B | 2.98B |
| Cash, Cash Equivalents and Short-Term Investments | 475.44M | 399.11M | 196.59M | 203.10M | 56.18M | 265.80M |
| Total Debt | 956.39M | 13.26M | 975.39M | 1.16B | 1.11B | 992.83M |
| Total Liabilities | 1.51B | 1.56B | 1.57B | 1.63B | 1.65B | 1.61B |
| Stockholders Equity | 1.59B | 1.59B | 1.42B | 1.31B | 1.22B | 1.37B |
Cash Flow | ||||||
| Free Cash Flow | 160.45M | 225.36M | 187.78M | 153.55M | 86.32M | 162.25M |
| Operating Cash Flow | 198.51M | 256.03M | 212.07M | 184.54M | 115.94M | 189.39M |
| Investing Cash Flow | -259.50M | -103.78M | -54.13M | -55.38M | -92.57M | -48.78M |
| Financing Cash Flow | -131.40M | -20.85M | -136.79M | -7.61M | -229.24M | 10.96M |
Hayward Holdings Technical Analysis
Positive
14.52
Price Trends
12.94
Positive
14.13
Positive
14.56
Positive
Market Momentum
0.14
Negative
78.82
Negative
97.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HAYW, the sentiment is Positive. The current price of 14.52 is above the 20-day moving average (MA) of 12.20, above the 50-day MA of 12.94, and below the 200-day MA of 14.56, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 78.82 is Negative, neither overbought nor oversold. The STOCH value of 97.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HAYW.
Hayward Holdings Risk Analysis
Hayward Holdings disclosed 50 risk factors in its most recent earnings report. Hayward Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hayward Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $9.42B | 18.11 | 18.54% | 0.25% | 6.82% | 36.28% | |
73 Outperform | $23.11B | 25.56 | 23.21% | 1.30% | 15.96% | 5.54% | |
70 Outperform | $3.14B | 18.72 | 10.62% | ― | 7.57% | 23.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $763.25M | 29.51 | 7.51% | 0.98% | 20.23% | -15.15% | |
42 Neutral | $112.00M | -2.94 | -299.98% | ― | 8.05% | 21.73% |
* Industrials Sector Average
HAYW
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Hayward Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Hayward Holdings Strengthens Accounting Leadership With New Officer
Positive
Oct 2, 2026
On September 30, 2026, Hayward Holdings’ board appointed Jared Arrowood as Chief Accounting Officer and principal accounting officer, effective October 1, 2026, while Senior Vice President, Chief Financial Officer and Treasurer Eifion Jones ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.