LESL · Leslie'S, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $1.24B | $1.33B | $1.45B | $1.56B | $1.11B |
| Cost of Revenue | $802.27M | $853.33M | $902.99M | $888.38M | $651.52M |
| Gross Profit | $439.65M | $476.79M | $548.22M | $673.74M | $460.71M |
| R&D | - | - | - | - | - |
| SG&A | $425.68M | $419.67M | $446.04M | $434.99M | $314.34M |
| Total Operating Expenses | - | - | - | - | - |
| D&A | $29.30M | $29.20M | $29.80M | $27.80M | $28.90M |
| Operating Income | ($169.85M) | $57.12M | $102.18M | $238.75M | $146.38M |
| Interest Expense | $62.92M | $70.39M | $65.44M | $30.24M | $84.10M |
| Income Tax | $4.20M | $10.10M | $9.50M | $49.09M | $2.63M |
| Net Income | ($236.97M) | ($23.38M) | $27.24M | $159.03M | $58.56M |
| EPS - Basic | ($25.57) | ($2.60) | $3.00 | $17.20 | $7.40 |
| EPS - Diluted | ($25.57) | ($2.60) | $3.00 | $17.00 | $7.40 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $64.34M | $108.50M | $55.42M | $112.29M | $345.06M |
| Accounts Receivable | $23.22M | $45.47M | $29.40M | $45.30M | $38.86M |
| Inventory | $207.98M | $234.28M | $311.84M | $361.69M | $198.79M |
| Accounts Payable | $51.89M | $67.62M | $58.56M | $156.46M | $100.96M |
| Current Assets | $328.79M | $422.43M | $420.29M | $542.38M | $603.27M |
| Total Assets | $741.48M | $1.05B | $1.03B | $1.11B | $1.04B |
| Current Liabilities | $209.06M | $246.92M | $225.83M | $347.96M | $311.27M |
| Long-term Debt | $752.05M | $769.07M | $773.28M | $779.73M | $786.13M |
| Total Liabilities | $1.15B | $1.23B | $1.20B | $1.31B | $1.26B |
| Stockholders' Equity | ($407.99M) | ($177.15M) | ($161.36M) | ($197.95M) | ($217.56M) |
| Retained Earnings | ($521.17M) | ($284.20M) | ($260.83M) | ($288.07M) | ($422.46M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $8.82M | $107.47M | $6.47M | $66.64M | $103.41M |
| Investing Cash Flow | ($25.35M) | ($47.16M) | ($52.54M) | ($138.98M) | ($26.81M) |
| Financing Cash Flow | ($27.64M) | ($7.22M) | ($10.80M) | ($158.87M) | ($10.43M) |
| CapEx | $25.49M | $47.24M | $38.58M | $31.73M | $20.63M |
| Free Cash Flow | ($16.67M) | $60.22M | ($32.11M) | $34.92M | $82.78M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 35.4% | 35.8% | 37.8% | 43.1% | 41.4% |
| Operating margin | -13.7% | 4.3% | 7.0% | 15.3% | 13.2% |
| EBITDA margin | -11.3% | 6.5% | 9.1% | 17.1% | 15.8% |
| Net margin | -19.1% | -1.8% | 1.9% | 10.2% | 5.3% |
| Free cash flow margin | -1.3% | 4.5% | -2.2% | 2.2% | 7.4% |
| FCF / Net income | 0.07 | -2.58 | -1.18 | 0.22 | 1.41 |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 34.3% | 31.6% | 30.7% | 27.8% | 28.3% |
| Effective tax rate | - | - | 25.9% | 23.6% | 4.3% |
| Return on assets | -32.0% | -2.2% | 2.6% | 14.3% | 5.6% |
| Return on equity | 58.1% | 13.2% | -16.9% | -80.3% | -26.9% |
| Return on invested capital | -39.0% | 7.6% | 12.4% | 31.4% | 24.6% |
| Liquidity | |||||
| Current ratio | 1.57 | 1.71 | 1.86 | 1.56 | 1.94 |
| Quick ratio | 0.58 | 0.76 | 0.48 | 0.52 | 1.30 |
| Cash ratio | 0.31 | 0.44 | 0.25 | 0.32 | 1.11 |
| Leverage | |||||
| Debt / Equity | -1.84 | -4.34 | -4.79 | -3.94 | -3.61 |
| Debt / Assets | 1.01 | 0.73 | 0.75 | 0.70 | 0.75 |
| Debt / EBITDA | - | 8.91 | 5.86 | 2.93 | 4.49 |
| Interest coverage | -2.7x | 0.8x | 1.6x | 7.9x | 1.7x |
| Equity multiplier | -1.82 | -5.93 | -6.41 | -5.61 | -4.80 |
| Liabilities / Assets | 1.55 | 1.17 | 1.16 | 1.18 | 1.21 |
| Efficiency | |||||
| Asset turnover | 1.67 | 1.27 | 1.40 | 1.41 | 1.07 |
| Inventory turnover | 3.86 | 3.64 | 2.90 | 2.46 | 3.28 |
| Days sales outstanding | 7d | 12d | 7d | 11d | 13d |
| Days inventory outstanding | 95d | 100d | 126d | 149d | 111d |
| Days payable outstanding | 24d | 29d | 24d | 64d | 57d |
| Cash conversion cycle | 78d | 84d | 110d | 95d | 68d |
| Valuation | |||||
| P / E | - | - | 37.7x | 17.3x | 55.6x |
| P / B | - | - | - | - | - |
| P / S | 0.0x | 8.8x | 14.4x | 35.1x | 57.9x |
| EV / EBITDA | - | 142.9x | 163.9x | 208.0x | 370.2x |
| Growth | |||||
| Revenue growth (YoY) | -6.6% | -8.3% | -7.1% | 40.4% | - |
| Revenue CAGR (3y) | -7.4% | 6.1% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -7.8% | -13.0% | -18.6% | 46.2% | - |
| Operating income growth (YoY) | - | -44.1% | -57.2% | 63.1% | - |
| Net income growth (YoY) | -913.6% | - | -82.9% | 171.6% | - |
| EPS growth (YoY) | -883.5% | - | -82.4% | 129.7% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -57.8% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -130.3% | -9.8% | 18.5% | 9.0% | - |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.33
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Retail Stores, NEC
Comparing Leslie's against the 5 most active filers in the same SIC group.