Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $3,937 | $5,296 | $6,180 | $5,542 | $5,311 |
| Gross Profit | $1,131 | $1,617 | $1,933 | $1,660 | $1,575 |
| Operating Income | $464 | $833 | $1,026 | $747 | $617 |
| Net Income | $367 | $651 | $748 | $523 | $434 |
Over the five-year period, POOL CORPORATION’s financial performance exhibited noticeable cycles of growth followed by recent declines. From 2020 to 2022, revenues increased steadily from approximately USD 3.94 billion to USD 6.18 billion, with 2021 marking an approximate 34% growth over 2020 and a further 17% rise in 2022. Similarly, gross profit, operating income, and net income grew over this period—with gross profit increasing from USD 1.13 billion to USD 1.93 billion, operating income rising from USD 464 million to USD 1.03 billion, and net income climbing from USD 367 million to USD 748 million. These increases suggest that the company successfully expanded its market reach and improved operational efficiency during this initial period, likely benefiting from robust market demand in the pool and spa industry. However, beginning in 2023, all key metrics experienced significant downturns. Revenues fell by roughly 10% to USD 5.54 billion in 2023 and dipped further to USD 5.31 billion in 2024. Gross profit, operating income, and net income also showed declines—with net income dropping approximately 30% from 2022 to 2023 and continuing a downward trend into 2024. The operating margin, which had peaked above 16% in 2022, fell back to roughly 11.6% by 2024, indicating reduced earnings efficiency. This reversal could be driven by factors such as market cyclicality, rising input costs, or a less favorable operating environment. Overall, while POOL CORPORATION demonstrated strong growth in the early period, the recent declines in profitability metrics call for careful monitoring of operational efficiencies and market conditions to ensure long-term financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.