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| 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 financials show an initial period of strong growth followed by a noticeable decline starting in 2023. In 2020, revenue stood at approximately $3.94 billion, growing by about 35% to $5.30 billion in 2021. This robust increase was accompanied by significant improvements in profitability, as evidenced by net income rising from $366.7 million in 2020 to $650.6 million in 2021—a nearly 77% jump. However, while 2022 saw a further increase in revenue to roughly $6.18 billion and a moderate rise in net income to $748.5 million, the growth trend reversed sharply in 2023. Revenue fell by approximately 10% to around $5.54 billion, and net income dropped by over 30% to $523.2 million, indicating the presence of significant year-over-year pressures. In 2024, the decline continued with revenue slipping marginally to $5.31 billion and net income contracting further to $434.3 million. The gross profit and operating income trends echoed these patterns, with both metrics reaching their peaks in 2022 before experiencing marked declines in subsequent years. This reversal suggests that factors such as changing market conditions, potential cost pressures, or operational adjustments could have impacted profitability post-2022. Overall, while POOL CORPORATION demonstrated considerable strength in the early part of the period by realizing significant revenue and profit growth, the downturn in the latter years raises concerns about sustainability. Continued evaluation of cost management and market positioning will be vital to restore its momentum and ensure long-term financial health in the competitive pool and outdoor living products industry.
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.