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  3. Financial Ratios
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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Leslie's, Inc. (LESL) Quarterly Financial Ratios

Last 25 quarters of trend data · Consumer Cyclical · Home Improvement

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →-0.04——0.96———3.19——15.866.02—
———-69.9%———-46.9%——+33.7%+6.6%—
P/S Ratio0.010.030.030.040.220.590.330.341.591.830.600.712.38
—-95.4%-91.2%-87.7%-86.4%-67.9%-45.0%-52.1%-33.1%-36.2%-57.7%-31.5%-41.1%
P/B Ratio—————————————
—————————————
P/FCF——0.270.19——3.871.17——3.772.72—
——-92.9%-83.4%——+2.9%-56.9%———-22.9%—
EV / EBITDA20.19—5.905.19——13.914.14——10.765.61—
——-57.6%+25.3%——+29.3%-26.2%——+19.0%+11.3%—
EV / EBIT16.77——3.94——13.914.49——13.156.01—
———-12.4%——+5.8%-25.3%——+34.0%+14.5%—

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Leslie's, Inc.'s operating margin was -37.8% in Q1 2026, down 46.5 pp QoQ and down 15.1 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of -10.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 32.4% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin35.4%18.4%38.6%39.6%24.8%27.2%36.0%40.2%28.8%29.0%37.0%41.2%33.4%
—-32.4%+7.1%-1.5%-13.8%-6.0%-2.8%-2.5%-13.9%-13.4%-18.9%-8.6%-10.9%
Operating Margin1.1%-37.8%8.7%13.7%-27.3%-22.7%6.6%17.2%-16.2%-21.0%8.9%19.0%-11.8%
—-66.8%+30.5%-20.4%-68.8%-8.1%-25.5%-9.5%-36.7%-51.6%-54.2%-25.8%-550.3%
Net Margin-19.1%-56.4%-41.8%4.3%-29.0%-25.4%-2.5%10.6%-18.3%-22.7%3.8%11.9%-14.8%
—-121.7%-1577.3%-59.2%-58.2%-11.9%-165.4%-10.3%-23.6%-46.6%-68.7%-35.0%-354.1%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE—————————————
—————————————
ROA-26.5%-11.9%-18.8%2.1%-5.1%-4.4%-0.9%5.5%-3.3%-3.9%1.5%6.3%-2.8%
—-170.0%-1943.2%-61.2%-54.7%-13.5%-160.7%-12.6%-17.3%-40.6%-70.8%-47.5%-229.4%
ROIC1.6%-28.7%3.9%6.6%-4.4%-3.8%2.5%8.6%-2.6%-3.3%3.4%9.7%-2.1%
—-664.7%+56.6%-23.8%-68.5%-14.9%-26.5%-11.0%-26.1%-29.6%-68.4%-56.1%-294.0%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

The current ratio has weakened 19.4% YoY to 1.42x, tightening the short-term liquidity position.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity—————————————
—————————————
Debt / EBITDA21.33—24.0219.97——39.739.96——22.028.62—
——-39.5%+100.5%——+80.4%+15.5%——+115.1%+52.3%—
Current Ratio1.571.421.571.471.561.761.711.601.731.921.861.702.02
—-19.4%-8.1%-8.0%-9.8%-8.1%-8.1%-6.1%-14.5%-4.1%+19.4%+16.5%+45.0%
Quick Ratio0.580.300.580.430.310.360.760.540.280.280.480.320.34
—-16.6%-24.2%-21.1%+8.4%+28.2%+58.7%+70.5%-16.3%-8.6%-7.5%-49.3%-9.4%
Interest Coverage0.22-4.112.184.33-3.04-2.521.555.38-1.68-2.142.256.55-1.46
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 25 years · Updated daily

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Frequently Asked Questions

What is Leslie's, Inc.'s quarterly P/E ratio trend?

Leslie's, Inc.'s current P/E is -0.0x. The average P/E over the last 1 quarters is 1.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Leslie's, Inc.'s margins change by quarter?

Leslie's, Inc.'s current operating margin is 1.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at LESL quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Leslie's, Inc.'s business trajectory between earnings reports.

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