Pool Corp (POOL) stock price is $170.77, up 1.61% on the day, as of Oct 20, 2026. It has a market cap of $6.16Bn and a P/E ratio of 15.41, and is classified in the Industrial Distribution industry (Industrials sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap6.16 Bn
P/E15.41
P/S1.14
Div. Yield0.00
Total Debt (Qtr)1.34 Bn
Revenue Growth (1y) (Qtr)2.15
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About
Pool Corporation operates as the world’s largest wholesale distributor of swimming pool supplies equipment and related leisure products and is a leading distributor of irrigation and landscape maintenance products in the United States.
Pool Corporation generates revenue by selling a broad range of products including pool chemicals cleaning supplies equipment repair parts building materials such as concrete plumbing electrical components tile decking hardscapes natural…
Pool Corporation operates as the world’s largest wholesale distributor of swimming pool supplies equipment and related leisure products and is a leading distributor of irrigation and landscape maintenance products in the United States.
Pool Corporation generates revenue by selling a broad range of products including pool chemicals cleaning supplies equipment repair parts building materials such as concrete plumbing electrical components tile decking hardscapes natural stone irrigation system components landscape maintenance equipment and commercial pool products to customers such as pool builders pool service companies retail stores commercial pool operators landscape contractors and irrigation contractors.
The company operates through the following segments:
SCP Distributors distributes swimming pool supplies equipment and related leisure products domestically through its sales center network and internationally through the same network serving pool builders service companies retailers and commercial operators.
Superior Pool Products distributes swimming pool supplies equipment and related leisure products domestically through its sales center network serving similar customer groups as SCP with a focus on distinctive product selection and service personnel.
Horizon Distributors distributes irrigation landscape maintenance and related products including irrigation system components professional turf care equipment and supplies to residential and commercial customers.
National Pool Trends distributes swimming pool tile decking materials interior pool surfacing products and also provides hardscapes and other outdoor living products to the swimming pool and irrigation landscape markets.
Sun Wholesale Supply distributes swimming pool supplies equipment and related leisure products primarily to independently owned and operated Pinch A Penny franchise locations operates a specialty chemical re packaging plant that supplies proprietary pool chemicals to the Pinch A Penny network and also provides chemical products to the SCP and Superior networks.
Pool Corporation holds the position as the largest wholesale distributor of swimming pool and related backyard products in the United States and is one of the leading distributors of irrigation and landscape maintenance products competing against regional and local distributors a limited number of other national wholesale distributors mass market retailers and large pool supply retailers its competitive advantages stem from the breadth of its product offering the quality and level of its customer service including online communications and ease of ordering the availability of sales and marketing programs the stability of its relationships with customers and suppliers competitive pricing and geographic proximity to its customers.
The company serves a diverse customer base that includes pool builders pool service companies retail stores commercial pool operators landscape contractors irrigation construction contractors and independently owned and operated Pinch A Penny franchise stores among others.
Sector:IndustrialsSector rationalePool Corporation operates as a wholesale distributor of swimming pool supplies, equipment, irrigation, and landscape maintenance products. According to the sector definitions, industrial distribution is explicitly listed under the Industrials sector, and the company's revenue model is based on selling these capital goods and supplies to business customers like pool builders and landscape contractors.Industry:Industrial DistributionIndustrial DistributionPrimaryPool Corporation operates as a wholesale distributor of swimming pool supplies, equipment, and irrigation products. It generates revenue from the resale of products like pool chemicals, cleaning supplies, and irrigation system components to pool builders, service companies, and retail stores.Classified using BQ-MICSCIK: 0000945841
Bull & bear
Investment Thesis
▲ Bull case
Pool Corporation's integrated platform of proprietary brands, technology, and franchise networks creates a structural advantage that remains underappreciated by the market, as highlighted by management's assertion that these advantages 'are not simply replicated by adding locations' and that the company has built 'something that goes well beyond distribution.' This defensible moat, reinforced by decades of supplier relationships and field expertise, positions Pool to capture share across maintenance, remodel, and discretionary categories even without a recovery in new pool construction. The installed base of 5 million in-ground pools provides a stable, recurring revenue foundation that is largely insulated from cyclical swings in discretionary spending, a dynamic management explicitly states is central to their growth thesis. The company's ability to leverage existing investments in technology like Pool360—which rose to 13% of net sales in Q1—and its private label chemical lines, which carry structurally higher margins and are gaining traction across the enterprise, suggests ongoing margin expansion opportunities that are not fully reflected in current guidance. Furthermore, the deferral of equipment replacement due to longer-lasting variable-speed pumps and LED lighting transitioning into their replacement cycle represents a hidden catalyst that could drive sustained equipment demand over the next 12–24 months, a point management acknowledged when discussing deferred investment in the market. Finally, the focus on productivity-first growth—evidenced by consolidating one sales center while still planning five new openings for the full year—combined with expectations for expense growth to moderate as the company 'grows into the capacity that we have already built,' indicates improving operating leverage that could drive earnings expansion beyond the current low-single-digit top-line outlook.
Pool Corporation's integrated platform of proprietary brands, technology, and franchise networks creates a structural advantage that remains underappreciated by the market, as highlighted by management's assertion that these advantages 'are not simply replicated by adding locations' and that the company has built 'something that goes well beyond distribution.' This defensible moat, reinforced by decades of supplier relationships and field expertise, positions Pool to capture share across maintenance, remodel, and discretionary categories even without a recovery in new pool construction. The installed base of 5 million in-ground pools provides a stable, recurring revenue foundation that is largely insulated from cyclical swings in discretionary spending, a dynamic management explicitly states is central to their growth thesis. The company's ability to leverage existing investments in technology like Pool360—which rose to 13% of net sales in Q1—and its private label chemical lines, which carry structurally higher margins and are gaining traction across the enterprise, suggests ongoing margin expansion opportunities that are not fully reflected in current guidance. Furthermore, the deferral of equipment replacement due to longer-lasting variable-speed pumps and LED lighting transitioning into their replacement cycle represents a hidden catalyst that could drive sustained equipment demand over the next 12–24 months, a point management acknowledged when discussing deferred investment in the market. Finally, the focus on productivity-first growth—evidenced by consolidating one sales center while still planning five new openings for the full year—combined with expectations for expense growth to moderate as the company 'grows into the capacity that we have already built,' indicates improving operating leverage that could drive earnings expansion beyond the current low-single-digit top-line outlook.
Pool Corporation faces significant headwinds from persistent softness in discretionary demand and weather-related volatility in key markets, which management acknowledged but did not fully quantify in terms of lasting impact, as seen in Florida's 1% sales decline and Arizona's minimal 1% growth despite otherwise constructive trends in maintenance activity. The company's reliance on pricing as a growth lever—contributing approximately 3% to Q1 sales growth—risks encountering demand elasticity limits, particularly in semi-discretionary categories like heaters and lights, where management admitted demand has declined in some areas and is 'already baked in' from prior years, suggesting limited pricing power without volume concessions. Furthermore, while equipment sales grew 7% in Q1, this growth diluted gross margin due to the category's lower relative margins, a dynamic management acknowledged as a 'very pleasant surprise' but one that may not be sustainable if driven by temporary factors like atypical weather in California and Texas rather than structural demand shifts. The ongoing incentive compensation reload, estimated at $15 million and explicitly noted by the CFO as offsetting natural operating leverage, represents a material and underdiscussed drag on profitability that could prevent expense growth from moderating as expected, especially given that the company expects this reset to persist at 'low single-digit growth' levels. Finally, the company's inventory increased by approximately $200 million from year-end to $1.7 billion, driven partly by opportunistic purchases ahead of seasonable price increases, raising the risk of excess inventory if demand fails to meet expectations—a concern amplified by the CFO's admission that net cash provided by operations declined year-over-year due to higher inventory purchases, suggesting working capital pressures could emerge if the anticipated peak-season sell-through does not materialize as planned.
Pool Corporation faces significant headwinds from persistent softness in discretionary demand and weather-related volatility in key markets, which management acknowledged but did not fully quantify in terms of lasting impact, as seen in Florida's 1% sales decline and Arizona's minimal 1% growth despite otherwise constructive trends in maintenance activity. The company's reliance on pricing as a growth lever—contributing approximately 3% to Q1 sales growth—risks encountering demand elasticity limits, particularly in semi-discretionary categories like heaters and lights, where management admitted demand has declined in some areas and is 'already baked in' from prior years, suggesting limited pricing power without volume concessions. Furthermore, while equipment sales grew 7% in Q1, this growth diluted gross margin due to the category's lower relative margins, a dynamic management acknowledged as a 'very pleasant surprise' but one that may not be sustainable if driven by temporary factors like atypical weather in California and Texas rather than structural demand shifts. The ongoing incentive compensation reload, estimated at $15 million and explicitly noted by the CFO as offsetting natural operating leverage, represents a material and underdiscussed drag on profitability that could prevent expense growth from moderating as expected, especially given that the company expects this reset to persist at 'low single-digit growth' levels. Finally, the company's inventory increased by approximately $200 million from year-end to $1.7 billion, driven partly by opportunistic purchases ahead of seasonable price increases, raising the risk of excess inventory if demand fails to meet expectations—a concern amplified by the CFO's admission that net cash provided by operations declined year-over-year due to higher inventory purchases, suggesting working capital pressures could emerge if the anticipated peak-season sell-through does not materialize as planned.