POOLPOOL CORP

Wholesale-Misc Durable Goods

Revenue: $5.3B; 0.4% YoY
Operating margin: 11.0%; 5.6% YoY
EBITDA: $623M; 4.8% YoY
Market cap: $7.4B
Employees: 6,000; $882K revenue each
Net debt / EBITDA: 1.8×; $1.1B net debt
AI in 10-K: 3.3; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
90% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowYes
145% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
20% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$882K · 48th pct
Bottom quartile of its SIC industry
Quiet on AINo
3.3 per 10K words · 73rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
1.8× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$7.4B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$6M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$5.3B	$6.2B	$5.5B	$5.3B	$5.3B	0.4%
Operating income	$833M	$1.0B	$747M	$617M	$580M	6.0%
Net income	$651M	$748M	$523M	$434M	$406M	6.4%
Operating cash flow	$313M	$485M	$888M	$659M	$366M	44%
Capex	$38M	$44M	$60M	$59M	$56M	5.3%
Stock-based comp	$15M	$15M	$20M	$19M	$23M	18%
Buybacks	$138M	$471M	$306M	$306M	$346M	13%
Dividends	$120M	$151M	$167M	$180M	$185M	2.9%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $8M · 10
Open-market sells, 12 mo: $2M · 5
Net: $6M

Pay vs performance

No pay-versus-performance disclosure yet.