Pool(NASDAQ) POOL

Pool Corporation helps people build and maintain their backyard swimming pools and outdoor living spaces. The company acts as a middleman between manufacturers and the professional contractors who service homeowners. These offerings ensure pool water stays safe and equipment works properly throughout the year.

What Is in the Catalog?

• Maintenance Products: Chemicals, accessories, and supplies for keeping pool water clean; accounted for 14% of net sales in 2025.
• Equipment and Parts: Replacement pumps, filters, heaters, and lighting systems used for repairs and upgrades.
• Building Materials: Concrete, tiles, decking, and stones used to build or remodel in-ground and above-ground pools.
• Irrigation and Landscape: Watering systems, lawn care equipment, and professional supplies for gardens and outdoor spaces.
• Outdoor Living: Discretionary products like hot tubs, grills, and components for outdoor kitchens.

Recent Business Moves

• Acquired Sun Wholesale Supply in December 2021 to distribute chemicals and supplies to franchised retail stores.
• Expanded the Pinch A Penny franchise network with new store locations following the 2021 acquisition.
• Renamed the National Pool Tile network to National Pool Trends (NPT) in November 2025.
• Introduced POOL360 WaterTest, a digital tool that helps professional customers manage pool water chemistry for homeowners.

Why the Business Stands Out

The company operates a network of 456 sales centers across North America, Europe, and Australia to reach over 125,000 professional customers. Its large-scale distribution system allows small, family-owned service businesses to access a massive inventory of 200,000 different products quickly.

The Financial Scorecard

• Net sales reached $982.2 million in Q4 2025, a 0.5% decrease from Q4 2024.
• Operating income was $52 million in Q4 2025, down 14.2% from the previous year.
• Free cash flow hit $71.9 million in Q4 2025, a 54.2% drop from $157 million in Q4 2024.
• The company generated 64% of its 2025 sales from recurring maintenance and minor repairs on existing pools.

The Bottom Line

Pool Corporation has transitioned from a standard wholesaler into a technology-enabled distributor for the outdoor living industry. Its focus on recurring maintenance products provides a steady revenue stream even when new home construction slows down.