Leslie's, Inc. (LESL) Financial Ratios
8 years of historical data (2018–2025) · Consumer Cyclical · Home Improvement
EV/EBITDA
↓
18.75
+14% vs avg
5yr avg: 16.44
30Y Low13.6·High19.4
P/FCF
↓
N/A
—
5yr avg: 38.34
30Y Low8.8·High78.4
P/B Ratio
N/A
—
5yr avg: N/A
ROE
N/A
—
5yr avg: N/A
Debt/EBITDA
↑
18.36
↑+101% vs avg
5yr avg: 9.15
30Y Low3.8·High18.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LESL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Leslie's, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $86M | $46M | $528M | $1.0B | $2.7B | $3.9B | — | — | — |
| Enterprise Value | $1.0B | $993M | $1.5B | $2.0B | $3.7B | $4.6B | — | — | — |
| P/E Ratio → | -0.36 | — | — | 38.24 | 17.31 | 30.73 | — | — | — |
| P/S Ratio | 0.07 | 0.04 | 0.40 | 0.72 | 1.75 | 2.91 | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | 8.77 | — | 78.42 | 27.82 | — | — | — |
| P/OCF | 9.73 | 5.18 | 4.92 | 161.59 | 41.09 | 23.07 | — | — | — |
P/E links to full P/E history page with 30-year chart
LESL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Leslie's, Inc.'s enterprise value stands at 18.8x EBITDA, 14% above its 5-year average of 16.4x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 54% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.80 | 1.10 | 1.40 | 2.34 | 3.41 | — | — | — |
| EV / EBITDA | 18.75 | 18.03 | 16.29 | 14.87 | 13.56 | 19.45 | — | — | — |
| EV / EBIT | 47.76 | 45.91 | 25.72 | 19.84 | 15.33 | 23.20 | — | — | — |
| EV / FCF | — | — | 24.40 | — | 104.64 | 32.59 | — | — | — |
LESL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Leslie's, Inc. earns an operating margin of 1.7%, roughly in line with the Consumer Cyclical sector average. Operating margins have compressed from 7.0% to 1.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 2.5% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.4% | 35.4% | 35.8% | 37.8% | 43.1% | 44.3% | 41.4% | 40.9% | 40.0% |
| Operating Margin | 1.7% | 1.7% | 4.3% | 7.0% | 15.3% | 15.6% | 13.2% | 13.1% | 12.9% |
| Net Profit Margin | -19.1% | -19.1% | -1.8% | 1.9% | 10.2% | 9.4% | 5.3% | 0.1% | 1.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — |
| ROA | -26.5% | -26.5% | -2.2% | 2.5% | 14.8% | 14.1% | 9.6% | 0.2% | 3.8% |
| ROIC | 2.5% | 2.5% | 5.4% | 10.0% | 30.6% | 37.3% | 36.3% | 40.7% | 37.4% |
| ROCE | 3.2% | 3.2% | 7.1% | 13.0% | 31.9% | 34.2% | 36.5% | 38.6% | 36.5% |
LESL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Leslie's, Inc. carries a Debt/EBITDA ratio of 18.4x, which is highly leveraged (285% above the sector average of 4.8x). Net debt stands at $948M ($1.0B total debt minus $64M cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 18.36 | 18.36 | 11.64 | 7.61 | 3.81 | 4.31 | 7.72 | 7.86 | 8.14 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 17.20 | 17.20 | 10.43 | 7.20 | 3.40 | 2.84 | 6.83 | 7.26 | 7.62 |
| Debt / FCF | — | — | 15.63 | — | 26.23 | 4.77 | 14.68 | 36.34 | 77.29 |
| Interest Coverage | 0.34 | 0.34 | 0.81 | 1.56 | 7.88 | 5.74 | 1.73 | 1.23 | 1.24 |
LESL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.57x means Leslie's, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.58x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.86x to 1.57x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.57 | 1.57 | 1.71 | 1.86 | 1.56 | 1.95 | 1.44 | 1.70 | 1.86 |
| Quick Ratio | 0.58 | 0.58 | 0.76 | 0.48 | 0.52 | 1.31 | 0.86 | 0.80 | 0.82 |
| Cash Ratio | 0.31 | 0.31 | 0.44 | 0.25 | 0.32 | 1.11 | 0.61 | 0.55 | 0.57 |
| Asset Turnover | — | 1.67 | 1.27 | 1.40 | 1.41 | 1.29 | 1.49 | 1.93 | 1.97 |
| Inventory Turnover | 3.86 | 3.86 | 3.64 | 2.90 | 2.46 | 3.76 | 4.37 | 3.66 | 3.74 |
| Days Sales Outstanding | — | 6.82 | 12.48 | 7.39 | 10.58 | 10.56 | 10.33 | 13.32 | 11.74 |
LESL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Leslie's, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 176.6% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.6% | 5.8% | 3.3% | — | — | — |
| FCF Yield | — | — | 11.4% | — | 1.3% | 3.6% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.2% | 5.6% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.2% | 0.2% | 5.6% | 0.0% | — | — | — |
| Shares Outstanding | — | $9M | $9M | $9M | $9M | $10M | $9M | $9M | $9M |
Peer Comparison
Compare LESL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LESLYou | $86M | -0.4 | 18.8 | — | 35.4% | 1.7% | — | 2.5% | 18.4 |
 FLXS | $347M | 18.3 | 12.1 | 10.3 | 22.2% | 6.0% | 12.7% | 9.9% | 2.0 |
 POOL | $7B | 18.3 | 11.9 | 23.6 | 29.7% | 11.0% | 33.1% | 22.3% | 0.6 |
 SSD | $8B | 24.3 | 15.8 | 28.0 | 45.9% | 19.0% | 18.0% | 15.9% | 0.9 |
 HAYW | $3B | 22.1 | 10.0 | 14.4 | 45.6% | 21.1% | 10.0% | 10.2% | 0.0 |
 WSO | $16B | 32.7 | 22.2 | 30.4 | 28.0% | 9.6% | 15.8% | 16.6% | 0.7 |
 BLDR | $9B | 20.7 | 10.4 | 10.4 | 29.0% | 5.2% | 10.1% | 6.4% | 4.1 |
 IBP | $6B | 22.5 | 13.5 | 19.5 | 34.0% | 13.0% | 37.5% | 20.7% | 2.1 |
 SITE | $5B | 32.7 | 15.0 | 19.8 | 34.8% | 5.1% | 9.3% | 7.3% | 2.6 |
 LZB | $2B | 16.1 | 13.6 | 12.8 | 44.0% | 6.1% | 9.7% | 7.7% | 4.0 |
 TREX | $5B | 26.5 | 16.0 | 36.4 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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LESL — Frequently Asked Questions
Quick answers to the most common questions about buying LESL stock.
What is Leslie's, Inc.'s P/E ratio?
Leslie's, Inc.'s current P/E ratio is -0.4x. The historical average is 28.8x.
What is Leslie's, Inc.'s EV/EBITDA?
Leslie's, Inc.'s current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.4x.
Is LESL stock overvalued?
Based on historical data, Leslie's, Inc. is trading at a P/E of -0.4x. Compare with industry peers and growth rates for a complete picture.
What are Leslie's, Inc.'s profit margins?
Leslie's, Inc. has 35.4% gross margin and 1.7% operating margin.
How much debt does Leslie's, Inc. have?
Leslie's, Inc.'s Debt/EBITDA ratio is 18.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.