HAYW
Hayward Holdings, Inc.
HAYW's fundamentals are strong: it turned 14% of its revenue into free cash flow and earnings per share grew 24%. At 21x earnings, it's trading below its usual 25x. Analysts expect earnings growth.
HAYW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Stable |
HAYW's profitability is currently strong, and its revenue, cash flow and balance sheet are stable.
HAYW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.5x | $7.41 | -56% |
| Forward | 18x | $16.69 | — |
| Current | 21x | $16.69 | — |
| Fair | 25x | $19.73 | +18% |
| Expensive | 37x | $29.13 | +75% |
Historical ranges are pointers, not guarantees.
HAYW's PE is in its fair range at 21x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
HAYW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HAYW, with profitability improving.
HAYW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.91 | +16% |
| Q3 2026 | $0.78 | +24% |
| Q2 2026 | $0.74 | +25% |
| Q1 2026 | $0.73 | +30% |
| Q4 2025 | $0.68 | +26% |
| Q3 2025 | $0.63 | +47% |
| Q2 2025 | $0.59 | +44% |
| Q1 2025 | $0.56 | +51% |
| Q4 2024 | $0.54 | +46% |
HAYW's earnings per share have fallen from their peak: $0.78 over the past year, against $1.71 in mid-2022.
HAYW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $260.1M | +6.5% |
| Q2 2026 | $318.4M | +6.3% |
| Q1 2026 | $255.2M | +12% |
| Q4 2025 | $349.4M | +6.8% |
| Q3 2025 | $244.3M | +7.4% |
| Q2 2025 | $299.6M | +5.3% |
| Q1 2025 | $228.8M | +7.7% |
| Q4 2024 | $327.1M | +17% |
HAYW's revenue has grown year over year for 12 quarters in a row: $260M last quarter, up 6.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.5 points |
| Q2 2026 | 24% | 0 points |
| Q1 2026 | 17% | +2 points |
| Q4 2025 | 25% | +1.6 points |
| Q3 2025 | 17% | +2.1 points |
| Q2 2025 | 24% | -0.1 points |
| Q1 2025 | 15% | +0.1 points |
| Q4 2024 | 23% | +3.5 points |
HAYW's operating margin was 19% last quarter, up 2.5 points from the same quarter a year ago.
HAYW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $43M | -51% |
| Q2 2026 | $311.9M | +67% |
| Q1 2026 | -$157.8M | -$146.4M |
| Q4 2025 | -$35.8M | +$34.6M |
| Q3 2025 | $87.2M | +48% |
| Q2 2025 | $187.3M | -34% |
| Q1 2025 | -$11.4M | +$71.8M |
| Q4 2024 | -$70.4M | -$29.7M |
HAYW still generates free cash flow, though less than at its 2026 peak: $161M over the past year.
HAYW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -4.3M shares |
| 1 year | -2.6% | -5.9M shares |
| 3 years | -2% | -4.3M shares |
| 5 years | -11% | -27.3M shares |
| Available history | -6.5% | -15.2M shares |
HAYW has 217M diluted shares, down 2.6% from a year ago, with $119M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $51M |
| Q2 2026 | $58.5M |
| Q1 2026 | $5.9M |
| Q4 2025 | $3.9M |
| Q3 2025 | $68,000 |
| Q2 2025 | $80,000 |
| Q1 2025 | $993,000 |
| Q4 2023 | $118,000 |
HAYW spent $119M buying back its own shares over the past year.
HAYW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 2.9x | Moderate |
HAYW's net debt is about 2.5 years of its operating earnings (EBITDA), up from 1.9 years a year ago.
HAYW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.5 | Neutral |
| Stochastic | 89.4 | Overbought |
HAYW's weekly RSI is 63 (neutral) and its Stochastic is 89 (overbought).
HAYW PE vs Industrials Sector
| Metric | HAYW | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 11% below |
| PE % | 34 | 58 | 24 pts below |
HAYW is trading at 21x earnings, a 11% discount to the Industrials sector's median of 24x.
HAYW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.7 | 21% above |
| 20 week MA | $14.3 | 17% above |
| 50 week MA | $14.9 | 12% above |
| 100 week MA | $14.8 | 13% above |
| 200 week MA | $14.1 | 19% above |
HAYW is in an uptrend: it's above all five of its weekly moving averages, and 19% above its 200-week average.
HAYW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $17.0 | $24.6 | +44% |
| 2022 | $24.6 | $9.38 | -62% |
| 2023 | $9.38 | $13.6 | +45% |
| 2024 | $13.6 | $15.4 | +14% |
| 2025 | $15.4 | $15.9 | +3.2% |
| 2026 YTD | $15.9 | $16.7 | +4.7% |
HAYW has finished higher in four of the last five years. It's up 4.7% so far in 2026.