Leslie's, Inc.(LESL)Earnings, Financials & Key Ratios

LESL•NASDAQ

$1.52

$14M mkt cap·Price updated May 6, 2026

SectorConsumer Cyclical IndustryHome Improvement Retail Sub-IndustryHome improvement and flooring retailers

AboutLeslie's, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards. The company also provides pool maintenance products, including pool closing and opening supplies, filter catridges, chlorine floaters, backwash and vacuum hoses, and cleaning attachments; parts, such as automatic pool cleaner parts, pool filter and pump parts, and pool heater and heat pump parts; and safety, recreational, and fitness-related products. In addition, it provides pool equipment and repair services. The company markets its products through 952 company operated locations in 38 states and e-commerce websites. It serves the residential, professional, and commercial consumers. The company was founded in 1963 and is headquartered in Phoenix, Arizona.Show more

Revenue$1.24B-6.6%
EBITDA$47M-47.4%
Net Income-$237M-913.6%
EPS (Diluted)-25.51-881.2%
Gross Margin35.4%-1.2%
EBITDA Margin3.82%-43.7%
Operating Margin1.13%-73.8%
Net Margin-19.08%-985.6%
ROIC1.61%-70.3%
Interest Coverage0.22-72.6%

Technical→

LESL Key Insights

Leslie's, Inc. (LESL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

LESL Price & Volume

Leslie's, Inc. (LESL) stock price & volume — 10-year historical chart

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LESL Growth Metrics

Leslie's, Inc. (LESL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years2.23%

3 Years-7.36%

TTM-21.21%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-7223.83%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-7639.58%

Return on Capital

10 Years24.99%

5 Years17.67%

3 Years7.4%

Last Year2.09%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
FLXSFlexsteel Industries, Inc.Direct Competitor	293.98M	54.99	15.49	6.86%	4.75%	12.17%	0.35
POOLPool CorporationDirect Competitor	6.9B	187.99	17.33	-0.41%	7.58%	32.17%	0.29
SSDSimpson Manufacturing Co., Inc.Direct Competitor	8.04B	194.28	23.58	4.51%	14.92%	16.86%	0.24
HAYWHayward Holdings, Inc.Direct Competitor	3.24B	14.92	21.94	6.71%	13.98%	10.32%	0.01
WSOWatsco, Inc.Product Competitor	17.57B	432.06	35.27	-4.98%	6.85%	15.31%	0.15
BLDRBuilders FirstSource, Inc.Product Competitor	8.85B	80.03	20.57	-7.38%	1.97%	6.92%	1.30
IBPInstalled Building Products, Inc.Product Competitor	8.06B	299.13	30.81	1%	8.93%	39.12%	1.48
SITESiteOne Landscape Supply, Inc.Product Competitor	5.42B	122.22	36.27	3.62%	3.24%	9.09%	0.58

Compare LESL vs Peers

Leslie's, Inc. (LESL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FLXS

Most directly comparable listed peer for LESL.

Scale Benchmark

vs HD

Larger-name benchmark to compare LESL against a more recognizable public peer.

Peer Set

Compare Top 5

vs FLXS, POOL, SSD, HAYW

LESL Income Statement

Leslie's, Inc. (LESL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Oct'25	TTM
Sales/Revenue	892.6M	928.2M	1.11B	1.34B	1.56B	1.45B	1.33B	1.24B	1.21B
Revenue Growth %	-	3.99%	19.83%	20.74%	16.32%	-7.1%	-8.34%	-6.63%	-21.21%
Cost of Goods Sold	535.46M	548.46M	651.52M	747.76M	888.38M	902.99M	853.33M	802.27M	794.82M
COGS % of Revenue	59.99%	59.09%	58.58%	55.68%	56.87%	62.22%	64.15%	64.6%	-
Gross Profit	357.14M▲ 0%	379.74M▲ 6.3%	460.71M▲ 21.3%	595.16M▲ 29.2%	673.74M▲ 13.2%	548.22M▼ 18.6%	476.79M▼ 13.0%	439.65M▼ 7.8%	419M▲ 0%
Gross Margin %	40.01%	40.91%	41.42%	44.32%	43.13%	37.78%	35.85%	35.4%	34.52%
Gross Profit Growth %	-	6.33%	21.32%	29.18%	13.2%	-18.63%	-13.03%	-7.79%	-
Operating Expenses	241.67M	258.15M	314.34M	386.07M	434.99M	446.04M	419.67M	425.68M	423.93M
OpEx % of Revenue	27.07%	27.81%	28.26%	28.75%	27.85%	30.74%	31.55%	34.28%	-
Selling, General & Admin	241.67M	258.15M	314.34M	386.07M	434.99M	446.04M	409.71M	425.68M	421.8M
SG&A % of Revenue	27.07%	27.81%	28.26%	28.75%	27.85%	30.74%	30.8%	34.28%	-
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-1.76M	0	-1.09M	-2.38M	-397K	0	9.96M	0	1000K
Operating Income	115.47M▲ 0%	121.59M▲ 5.3%	146.38M▲ 20.4%	209.09M▲ 42.8%	238.75M▲ 14.2%	102.18M▼ 57.2%	57.12M▼ 44.1%	13.97M▼ 75.5%	-1.95M▲ 0%
Operating Margin %	12.94%	13.1%	13.16%	15.57%	15.28%	7.04%	4.29%	1.13%	-0.16%
Operating Income Growth %	-	5.3%	20.39%	42.84%	14.19%	-57.2%	-44.1%	-75.54%	-
EBITDA	147.08M	152.01M	177.9M	235.64M	269.52M	136.32M	90.19M	47.44M	6.04M
EBITDA Margin %	16.48%	16.38%	15.99%	17.55%	17.25%	9.39%	6.78%	3.82%	0.5%
EBITDA Growth %	-	3.35%	17.03%	32.46%	14.38%	-49.42%	-33.84%	-47.41%	-95.25%
D&A (Non-Cash Add-back)	31.61M	30.42M	31.52M	26.55M	30.77M	34.14M	33.08M	33.47M	7.99M
EBIT	113.71M	121.59M	145.29M	197.54M	238.36M	102.18M	57.12M	-169.85M	-185.77M
Net Interest Income	-91.66M	-98.58M	-84.1M	-34.41M	-30.24M	-65.44M	-70.39M	-62.92M	-60.69M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	91.66M	98.58M	84.1M	34.41M	30.24M	65.44M	70.39M	62.92M	60.69M
Other Income/Expense	-93.42M	-106.03M	-85.19M	-45.96M	-30.64M	-65.44M	-70.39M	-246.75M	-254.67M
Pretax Income	22.05M▲ 0%	15.56M▼ 29.5%	61.19M▲ 293.3%	163.13M▲ 166.6%	208.12M▲ 27.6%	36.74M▼ 82.3%	-13.28M▼ 136.1%	-232.77M▼ 1653.1%	-259.6M▲ 0%
Pretax Margin %	2.47%	1.68%	5.5%	12.15%	13.32%	2.53%	-1%	-18.74%	-21.39%
Income Tax	4.93M	14.86M	2.63M	36.49M	49.09M	9.5M	10.1M	4.2M	15.78M
Effective Tax Rate %	22.34%	95.49%	4.29%	22.37%	23.59%	25.85%	-76.07%	-1.8%	-6.08%
Net Income	17.13M▲ 0%	702K▼ 95.9%	58.56M▲ 8242.0%	126.63M▲ 116.2%	159.03M▲ 25.6%	27.24M▼ 82.9%	-23.38M▼ 185.8%	-236.97M▼ 913.6%	-275.38M▲ 0%
Net Margin %	1.92%	0.08%	5.27%	9.43%	10.18%	1.88%	-1.76%	-19.08%	-22.69%
Net Income Growth %	-	-95.9%	8242.02%	116.24%	25.58%	-82.87%	-185.82%	-913.6%	-7223.83%
Net Income (Continuing)	17.13M	702K	58.56M	126.63M	159.03M	27.24M	-23.38M	-236.97M	-275.38M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.84▲ 0%	0.08▼ 95.9%	6.20▲ 8057.9%	13.40▲ 116.1%	17.00▲ 26.9%	2.96▼ 82.6%	-2.60▼ 187.8%	-25.51▼ 881.2%	-29.62▲ 0%
EPS Growth %	-	-95.86%	8057.89%	116.13%	26.87%	-82.59%	-187.84%	-881.15%	-7639.58%
EPS (Basic)	1.84	0.08	6.20	13.60	17.20	2.96	-2.53	-25.51	-
Diluted Shares Outstanding	9.33M	9.33M	9.33M	9.5M	9.31M	9.24M	9.23M	9.29M	9.3M
Basic Shares Outstanding	9.33M	9.33M	9.33M	9.27M	9.22M	9.19M	9.23M	9.29M	9.3M
Dividend Payout Ratio	-	176.64%	-	-	-	-	-	-	-

LESL Balance Sheet

Leslie's, Inc. (LESL) balance sheet — assets, liabilities & shareholders' equity

Line item	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Oct'25	TTM
Total Current Assets	255.33M	282.09M	372.13M	603.27M	542.38M	420.29M	422.43M	328.79M	267.03M
Cash & Short-Term Investments	77.57M	90.9M	157.07M	345.06M	112.29M	55.42M	108.5M	64.34M	3.62M
Cash Only	77.57M	90.9M	157.07M	345.06M	112.29M	55.42M	108.5M	64.34M	3.62M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	28.7M	33.87M	31.48M	38.86M	45.3M	29.4M	45.47M	23.22M	15.86M
Days Sales Outstanding	11.74	13.32	10.33	10.56	10.58	7.39	12.48	6.82	7.96
Inventory	143.22M	149.73M	148.97M	198.79M	361.69M	311.84M	234.28M	207.98M	210.01M
Days Inventory Outstanding	97.63	99.64	83.46	97.03	148.6	126.05	100.21	94.62	117.82
Other Current Assets	0	0	34.61M	8.88M	15.6M	10.13M	9.44M	33.25M	37.55M
Total Non-Current Assets	197.83M	197.63M	374.31M	440.52M	567.25M	614.15M	627.89M	593.38M	382.41M
Property, Plant & Equipment	80.26M	78.51M	244.05M	282.62M	314.56M	341.75M	368.94M	345.53M	316.37M
Fixed Asset Turnover	11.12x	11.82x	4.56x	4.75x	4.97x	4.25x	3.61x	3.59x	3.56x
Goodwill	84.52M	89.74M	93.3M	101.11M	173.51M	180.7M	180.7M	180.7M	29.87M
Intangible Assets	27.13M	27.98M	27.89M	27.91M	40.19M	38.16M	34.43M	30.73M	0
Long-Term Investments	4.3M	-21.33M	0	0	0	0	0	0	0
Other Non-Current Assets	-8.73M	1.4M	2.49M	25.15M	37.72M	45.95M	39.66M	36.42M	145.98M
Total Assets	453.16M▲ 0%	479.72M▲ 5.9%	746.44M▲ 55.6%	1.04B▲ 39.8%	1.11B▲ 6.3%	1.03B▼ 6.8%	1.05B▲ 1.5%	741.48M▼ 29.4%	649.44M▲ 0%
Asset Turnover	1.97x	1.93x	1.49x	1.29x	1.41x	1.40x	1.27x	1.67x	1.42x
Asset Growth %	-	5.86%	55.6%	39.84%	6.31%	-6.78%	1.54%	-29.41%	-77.49%
Total Current Liabilities	137.16M	165.52M	258.2M	309.71M	347.96M	225.83M	246.92M	209.06M	188.04M
Accounts Payable	61.6M	68.35M	92.37M	100.96M	156.46M	58.56M	67.62M	51.89M	45.23M
Days Payables Outstanding	41.99	45.48	51.75	49.28	64.28	23.67	28.92	23.61	34.84
Short-Term Debt	8.34M	8.34M	62.8M	69.17M	68.47M	70.89M	71.46M	74.72M	73.86M
Deferred Revenue (Current)	0	0	0	6.68M	5.54M	6.79M	6.27M	0	15.71M
Other Current Liabilities	51.99M	67.43M	68.75M	24.81M	10.59M	2.46M	79.63M	82.45M	68.95M
Current Ratio	1.86x	1.70x	1.44x	1.95x	1.56x	1.86x	1.71x	1.57x	1.57x
Quick Ratio	0.82x	0.80x	0.86x	1.31x	0.52x	0.48x	0.76x	0.58x	0.58x
Cash Conversion Cycle	67.38	67.48	42.04	58.31	94.9	109.77	83.76	77.84	90.94
Total Non-Current Liabilities	1.2B	1.2B	1.32B	950.08M	959.63M	969.97M	980.55M	940.41M	951.25M
Long-Term Debt	1.19B	1.19B	1.18B	786.13M	779.73M	773.28M	769.07M	752.05M	170.62M
Capital Lease Obligations	0	0	130.23M	160.04M	179.84M	193.22M	209.07M	185.08M	570.63M
Deferred Tax Liabilities	1.06M	1.24M	53.82M	59.21M	68.22M	74.97M	0	287K	1.84M
Other Non-Current Liabilities	14.37M	13.82M	5.46M	3.92M	65K	3.47M	2.42M	2.99M	790.59M
Total Liabilities	1.34B	1.37B	1.57B	1.26B	1.31B	1.2B	1.23B	1.15B	1.14B
Total Debt	1.2B	1.19B	1.37B	1.02B	1.03B	1.04B	1.05B	1.01B	244.48M
Net Debt	1.12B	1.1B	1.22B	670.28M	915.74M	981.97M	941.08M	947.51M	240.85M
Debt / Equity	-	-	-	-	-	-	-	-	-0.50x
Debt / EBITDA	8.14x	7.86x	7.72x	4.31x	3.81x	7.61x	11.64x	21.33x	40.44x
Net Debt / EBITDA	7.62x	7.26x	6.83x	2.84x	3.40x	7.20x	10.43x	19.97x	19.97x
Interest Coverage	1.26x	1.23x	1.74x	6.08x	7.90x	1.56x	0.81x	0.22x	-3.06x
Total Equity	-888.95M▲ 0%	-887.36M▲ 0.2%	-827M▲ 6.8%	-217.56M▲ 73.7%	-197.95M▲ 9.0%	-161.36M▲ 18.5%	-177.15M▼ 9.8%	-407.99M▼ 130.3%	-489.85M▲ 0%
Equity Growth %	-	0.18%	6.8%	73.69%	9.01%	18.48%	-9.78%	-130.31%	-315.99%
Book Value per Share	-95.28	-95.10	-88.64	-22.90	-21.27	-17.47	-19.18	-43.92	-52.69
Total Shareholders' Equity	-888.95M	-887.36M	-827M	-217.56M	-197.95M	-161.36M	-177.15M	-407.99M	-489.85M
Common Stock	157K	0	157K	190K	183K	184K	185K	9K	9K
Retained Earnings	-607.13M	-887.36M	-549.09M	-422.46M	-288.07M	-260.83M	-284.2M	-521.17M	-604.15M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-272.29M	0	-278.06M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0

LESL Cash Flow Statement

Leslie's, Inc. (LESL) cash flow — operating, investing & free cash flow history

Line item	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Oct'25	TTM
Cash from Operations	43.28M	57.82M	103.41M	169.56M	66.64M	6.47M	107.47M	8.82M	8.82M
Operating CF Margin %	4.85%	6.23%	9.3%	12.63%	4.27%	0.45%	8.08%	0.71%	-
Operating CF Growth %	-	33.6%	78.84%	63.97%	-60.7%	-90.29%	1560.99%	-91.79%	-23.2%
Net Income	17.13M	702K	58.56M	126.63M	159.03M	27.24M	-23.38M	-236.97M	-275.38M
Depreciation & Amortization	31.61M	30.42M	28.93M	26.55M	30.77M	34.14M	33.08M	33.47M	33.07M
Stock-Based Compensation	1.78M	2.13M	1.78M	24.22M	11.35M	11.7M	8.59M	6.2M	4.6M
Deferred Taxes	1.41M	-754K	-7.82M	2.85M	2.47M	-6.33M	3.43M	4.46M	16.42M
Other Non-Cash Items	4.82M	5.45M	4.85M	12.15M	3.63M	8.69M	4.12M	184.81M	202.13M
Working Capital Changes	-13.46M	19.86M	17.11M	-22.84M	-140.6M	-68.98M	81.63M	16.85M	51.93M
Change in Receivables	-4.3M	-5.63M	-31.02M	-12.89M	-7.62M	16.1M	-18.68M	23.65M	15.61M
Change in Inventory	-4.92M	-3.8M	1.76M	-47.79M	-143.15M	54.33M	85.88M	26.3M	54.71M
Change in Payables	2.04M	23.83M	39.34M	36.04M	23.84M	-120.05M	1.89M	-15.73M	-10.98M
Cash from Investing	-40.22M	-37M	-26.81M	-35.35M	-138.98M	-52.54M	-47.16M	-25.35M	-25.03M
Capital Expenditures	-28.79M	-27.44M	-20.63M	-28.93M	-31.73M	-38.58M	-47.24M	-25.49M	-25.14M
CapEx % of Revenue	3.23%	2.96%	1.85%	2.15%	2.03%	2.66%	3.55%	2.05%	-
Acquisitions	-11.76M	-9.62M	-6.19M	-8.87M	-107.66M	-15.55M	0	0	55K
Investments	-	-	-	-	-	-	-	-	-
Other Investing	325K	64K	7K	2.44M	408K	1.59M	81K	141K	56K
Cash from Financing	-24.39M	-7.5M	-10.43M	53.78M	-158.87M	-10.8M	-7.22M	-27.64M	-15.73M
Debt Issued (Net)	-23.66M	-6.25M	-10.43M	-395.23M	-8.1M	-8.1M	-6.22M	-27.56M	-15.69M
Equity Issued (Net)	0	0	0	1000K	-1000K	-1000K	-998K	0	-25K
Dividends Paid	0	-1.24M	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	-152.15M	-2.36M	-998K	0	-25K
Other Financing	-724K	0	0	-9.58M	1.38M	-347K	0	-76K	-19K
Net Change in Cash	-21.32M▲ 0%	13.33M▲ 162.5%	66.17M▲ 396.4%	187.99M▲ 184.1%	-231.21M▼ 223.0%	-56.87M▲ 75.4%	53.09M▲ 193.3%	-44.16M▼ 183.2%	-7.99M▲ 0%
Free Cash Flow	14.49M▲ 0%	30.38M▲ 109.6%	82.78M▲ 172.5%	140.63M▲ 69.9%	34.92M▼ 75.2%	-32.11M▼ 191.9%	60.22M▲ 287.6%	-16.67M▼ 127.7%	7.63M▲ 0%
FCF Margin %	1.62%	3.27%	7.44%	10.47%	2.24%	-2.21%	4.53%	-1.34%	0.63%
FCF Growth %	-	109.58%	172.51%	69.88%	-75.17%	-191.95%	287.57%	-127.68%	-93.83%
FCF per Share	1.55	3.26	8.87	14.80	3.75	-3.48	6.52	-1.79	-1.79
FCF Conversion (FCF/Net Income)	2.53x	82.37x	1.77x	1.34x	0.42x	0.24x	-4.60x	-0.04x	-0.03x
Interest Paid	90.06M	90.48M	88.68M	36.41M	32.62M	63.06M	63.24M	0	30.77M
Taxes Paid	7.33M	12.94M	15.3M	28.56M	41.15M	22.56M	10.93M	0	3.56M

LESL Key Ratios

Leslie's, Inc. (LESL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	-	-	-	-	-	-	-	77.93%
Return on Invested Capital (ROIC)	40.72%	36.29%	37.28%	30.6%	9.96%	5.41%	1.61%	1.61%
Gross Margin	40.91%	41.42%	44.32%	43.13%	37.78%	35.85%	35.4%	34.52%
Net Margin	0.08%	5.27%	9.43%	10.18%	1.88%	-1.76%	-19.08%	-22.69%
Debt / Equity	-	-	-	-	-	-	-	-0.50x
Interest Coverage	1.23x	1.74x	6.08x	7.90x	1.56x	0.81x	0.22x	-3.06x
FCF Conversion	82.37x	1.77x	1.34x	0.42x	0.24x	-4.60x	-0.04x	-0.03x
Revenue Growth	3.99%	19.83%	20.74%	16.32%	-7.1%	-8.34%	-6.63%	-21.21%

LESL Frequently Asked Questions

Leslie's, Inc. (LESL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Leslie's, Inc. (LESL) reported $1.21B in revenue for fiscal year 2025. This represents a 36% increase from $892.6M in 2018.

Leslie's, Inc. (LESL) saw revenue decline by 6.6% over the past year.

Leslie's, Inc. (LESL) reported a net loss of $275.4M for fiscal year 2025.

Dividend & Returns

Leslie's, Inc. (LESL) generated $7.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Leslie's, Inc.(LESL)Earnings, Financials & Key Ratios

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