# Fluidra (FLUIF.US)

Canonical: https://gigainvestors.com/s/FLUIF

Analysis as of: 2026-10-16T07:28:34.399Z. 

Listing currency: USD. Reporting currency: EUR.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $22.51 per share; close as of 2026-10-14.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 46% since Oct 2021

Story as of 2026-10-16T10:01:28.245Z; price observation 2026-10-14.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in leisure; annual sales are EUR 2.2 billion.

- Source: https://www.cnmv.es/webservices/verdocumento/ver?e=9psaeLxyZn4huC%2FJnyqEFyJs3cK80xVpwaYndxidzOuEhY8wWp9yOrsFup0pipEp (filed 2026-03-26); FY2025: revenue 2221085000; grossProfit 1300852000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FLUIF.US: Fluidra, S.A., together with its subsidiaries, designs, manufactures, distributes, and markets accessories and machinery for swimming-pools, irrigation and water treatment, and residential and commercial pool purification market worldwide. It offers basic equipment, which includes pumps, valves, filters, heaters, ladders, showers, grates, lights, and cleaning accessories; specialized equipment, such as robotic cleaners, pool covers, fire and water features, slides, diving boards, and connected products; spare parts; and above-ground pools and ponds. The company also provides products and services for public-use aquatic facilities, including hotel and resort swimming pools, water parks, municipal swimming pools, competition pools, fountains, lagoons, and aquariums; and wellness products comprising saunas, steam baths, sensory showers, and Nordic baths. In addition, it offers systems for maintaining water quality in residential pools, such as disinfection systems comprising salt chlorinators and UV equipment, pH regulators, and pumps and other accessories; and chemical products. Further, the company provides fluid handling and control systems and components, such as pipes, valves, and thermoplastic made accessories designed to carry fluids. Additionally, it offers irrigation accessories for landscaping around pools, and fluid handling and flow control products for industrial use. It sells its products under the AstralPool, Zodiac, Jandy, Polaris, Gre, Cepex, CtxPro, S.R. Smith, CMP, Piscine Laghetto, AquaForte, Certikin, BARACUDA, Cover-Pools, BAC pool systems, taylor, and Grand Effects brand names. The company was formerly known as Aquaria de Inv. Corp., S.L. and changed its name to Fluidra, S.A. in September 2007. Fluidra, S.A. was founded in 1969 and is headquartered in Sant Cugat del Vallès, Spain.

### Why customers stay

Margins ranged from 54.9% to 58.6% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2023: grossProfit / revenue = 54.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2024: grossProfit / revenue = 58.4%.

- Source: https://www.cnmv.es/webservices/verdocumento/ver?e=9psaeLxyZn4huC%2FJnyqEFyJs3cK80xVpwaYndxidzOuEhY8wWp9yOrsFup0pipEp (filed 2026-03-26); FY2025: grossProfit / revenue = 58.6%.

### Where the cash goes

Paid dividends in 6 of 6 years; bought back EUR 108 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2020: growth capex 0; upkeep 21839000; owner earnings 190875000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2021: growth capex 0; upkeep 42869000; owner earnings 332096000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2022: growth capex 0; upkeep 49641000; owner earnings 267393000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2023: growth capex 0; upkeep 64130000; owner earnings 206973000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); FY2024: growth capex 0; upkeep 73108000; owner earnings 225870000. Growth capex / owner earnings = 0.

- Source: https://www.cnmv.es/webservices/verdocumento/ver?e=9psaeLxyZn4huC%2FJnyqEFyJs3cK80xVpwaYndxidzOuEhY8wWp9yOrsFup0pipEp (filed 2026-03-26); FY2025: growth capex 0; upkeep 71099000; owner earnings 266250000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); Dividend observations: [[2020,40752000],[2021,75932000],[2022,159874000],[2023,133774000],[2024,107715000],[2025,116734000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.cnmv.es/webservices/verdocumento/ver?e=9psaeLxyZn4huC%2FJnyqEFyJs3cK80xVpwaYndxidzOuEhY8wWp9yOrsFup0pipEp (filed 2026-03-26); FY2025: cash repurchases 107956000 EUR.

### Are managers owners

Insiders own 46.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FLUIF.US SharesStats.PercentInsiders = 46.394000000000005 percentage points; cache date 2026-10-16.

### What the price says

The price is 1.7 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-26); Closing price 22.51 USD; reporting-to-trading FX 1.12128; FY2025 annual sales per share 11.696637631326992; price multiple 1.7163283801281537. FY2025 cash earnings/share 1.4021209315901064. Closing-price date 2026-10-14.

## Monthly share-price history (USD per share)

- 2019-04: $11.35 per share

- 2019-05: $10.78 per share

- 2019-06: $10.78 per share

- 2019-07: $13.10 per share

- 2019-08: $13.00 per share

- 2019-09: $13.00 per share

- 2019-10: $12.00 per share

- 2019-11: $12.45 per share

- 2019-12: $12.45 per share

- 2020-01: $12.45 per share

- 2020-02: $13.62 per share

- 2020-03: $13.67 per share

- 2020-04: $13.67 per share

- 2020-05: $10.86 per share

- 2020-06: $10.86 per share

- 2020-07: $15.70 per share

- 2020-08: $17.18 per share

- 2020-09: $16.55 per share

- 2020-10: $17.59 per share

- 2020-11: $20.87 per share

- 2020-12: $25.90 per share

- 2021-01: $23.55 per share

- 2021-02: $25.50 per share

- 2021-03: $28.66 per share

- 2021-04: $30.50 per share

- 2021-05: $30.50 per share

- 2021-06: $40.82 per share

- 2021-07: $42.20 per share

- 2021-08: $42.06 per share

- 2021-09: $42.00 per share

- 2021-10: $42.00 per share

- 2021-11: $39.10 per share

- 2021-12: $39.10 per share

- 2022-01: $34.35 per share

- 2022-02: $30.65 per share

- 2022-03: $30.86 per share

- 2022-04: $27.80 per share

- 2022-05: $26.17 per share

- 2022-06: $21.17 per share

- 2022-07: $20.00 per share

- 2022-08: $20.00 per share

- 2022-09: $15.19 per share

- 2022-10: $13.45 per share

- 2022-11: $14.54 per share

- 2022-12: $14.88 per share

- 2023-01: $17.28 per share

- 2023-02: $17.28 per share

- 2023-03: $18.13 per share

- 2023-04: $16.36 per share

- 2023-05: $17.00 per share

- 2023-06: $19.89 per share

- 2023-07: $22.12 per share

- 2023-08: $22.12 per share

- 2023-09: $21.39 per share

- 2023-10: $19.01 per share

- 2023-11: $18.40 per share

- 2023-12: $21.44 per share

- 2024-01: $20.97 per share

- 2024-02: $22.41 per share

- 2024-03: $22.41 per share

- 2024-04: $22.93 per share

- 2024-05: $22.93 per share

- 2024-06: $22.96 per share

- 2024-07: $20.83 per share

- 2024-08: $20.83 per share

- 2024-09: $20.83 per share

- 2024-10: $20.83 per share

- 2024-11: $20.83 per share

- 2024-12: $23.99 per share

- 2025-01: $26.18 per share

- 2025-02: $23.50 per share

- 2025-03: $23.60 per share

- 2025-04: $21.57 per share

- 2025-05: $24.36 per share

- 2025-06: $24.81 per share

- 2025-07: $27.00 per share

- 2025-08: $28.29 per share

- 2025-09: $28.29 per share

- 2025-10: $29.05 per share

- 2025-11: $29.05 per share

- 2025-12: $27.22 per share

- 2026-01: $30.25 per share

- 2026-02: $30.25 per share

- 2026-03: $30.25 per share

- 2026-04: $25.19 per share

- 2026-05: $25.19 per share

- 2026-06: $25.19 per share

- 2026-07: $22.00 per share

- 2026-08: $22.51 per share

- 2026-09: $22.51 per share

- 2026-10: $22.51 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original annual-report filing](https://www.cnmv.es/webservices/verdocumento/ver?e=9psaeLxyZn4huC%2FJnyqEFyJs3cK80xVpwaYndxidzOuEhY8wWp9yOrsFup0pipEp); period 2025-12-31, filed 2026-03-26.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.