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LEVILevi Strauss & Co.
$19.63$7.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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LEVI logo

Levi Strauss & Co.

LEVI
NYSE · Apparel Manufacturing
$19.63
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$7.68B
P/E13.5x
52W High$25.70
Volume1.83M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Expansion Drives Recovery Amid Debt Volatility

Levi Strauss is executing a disciplined cost and pricing strategy, expanding gross margins by 390 basis points to 62.7% and operating margins to 15.3% in 2026Q2, which has driven EPS growth of 29.4% year-over-year. The company's cash generation remains robust,...

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

LEVI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-32% Peers

P/E is 32% below peer median

03

Market leadership

RS 36 · Lag

Laggard (Underperforming 64% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 8
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 8.0% in 2026Q2, while gross margin expanded to 62.7% and operating margin reached 15.3%, reflecting strong cost control and pricing power.

Analyst Consensus+46.7% target
Buy(18 analysts)
14 Buy4 Hold0 Sell

The Bull Case

Upside Catalysts

Premium denim structural shift

Levi Strauss is benefiting from a durable shift toward premium denim, supported by strong consumer search data indicating sustained demand.

Global brand leadership

As the world's largest branded apparel company, Levi's operates in over 110 countries, generating significant revenue and market presence.

DTC margin expansion potential

The bull case includes a potential re-rating to 18x multiples if direct-to-consumer (DTC) initiatives outperform and expand margins.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LEVI-3.60%
S&P 500 (^GSPC)+12.39%
1-Year Return
LEVI-12.47%
S&P 500 (^GSPC)+15.77%
3-Year Return
LEVI+62.93%
S&P 500 (^GSPC)+71.68%
5-Year Return
LEVI-13.02%
S&P 500 (^GSPC)+66.45%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
13.5x
Forward P/EExpansion
12.7x
EV/EBITDA20th %ile
10.4x
FCF YieldCash Flow
4.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.5x
18.9x
20th· Low
EV/EBITDA
10.4x
14.4x
20th· Low
Price/FCF
23.7x
27.2x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$11.58-41.0%
Base (Fair)$22.97+15.9%
Bull$34.50+75.8%
$11.58 Bear$22.97 Base$34.50 Bull
Current Market Price: $19.63
Trades at a 14.5% discount to Base DCF ($22.97)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$6.28B-1.2% YoY
Net income
$578M+174.5% YoY
Free cash flow
$324M-51.7% YoY
Operating margin
10.8%+6.6 pts YoY
ROIC (TTM)13.9%
Avg ROIC 5Y-
ROE (TTM)27.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 8, 2026
$0.28+14.8%
vs $0.24
$1.6B+2.7%
vs $1.5B
Q2 2026
Apr 7, 2026
$0.42+14.3%
vs $0.37
$1.7B+5.7%
vs $1.6B
Q1 2026
Jan 28, 2026
$0.41+5.1%
vs $0.39
$1.8B+3.1%
vs $1.7B
Q4 2025
Oct 9, 2025
$0.34+11.1%
vs $0.31
$1.5B+3.0%
vs $1.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Fast Company·1d ago
Levi's, Marks & Spencer launch a collaborative effort to get fashion suppliers on renewable energy

When it comes to making the fashion industry more sustainable, there's only so much a brand can change about its own actions. Around 70% of the industry's total emissions come from upstream activities in supply chains, like fiber and fabric production.

Zacks Investment Research·Sep 16, 2026
Levi Strauss' Lifestyle Category Expansion Widens Its Growth Runway

LEVI is broadening beyond jeans as women's, tops and DTC growth gains traction, widening its lifestyle opportunity and fiscal 2026 outlook.

Zacks Investment Research·Aug 27, 2026
Levi Strauss' International Momentum Strengthens Growth Prospects

LEVI gains momentum abroad, with Asia and Latin America leading growth as international markets strengthen the brand's expansion.

Zacks Investment Research·Aug 12, 2026
Levi Strauss' DTC-First Strategy Strengthens Growth Momentum

LEVI accelerates DTC growth as digital gains, customer engagement and retail execution lift sales and raise its 2026 outlook.

Filtered for Levi Strauss & Co.More Headlines
04

Compare before deciding

Benchmark LEVI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Levi Strauss & Co. (LEVI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LEVI logoLEVILevi Strauss & Co.Current
$19.63$7.68B13.54-1.15%9.2%27.21%2.71%
HBI logoHBIHanesbrands Inc.
$6.47$2.29B-7.11-3.63%9.59%73.92%—
PVH logoPVHPVH Corp.
$75.39$3.48B142.253.44%-0.98%-1.76%—
RL logoRLRalph Lauren Corporation
$337.47$20.59B22.3314.63%11.76%35.64%—
VFC logoVFCV.F. Corporation
$13.52$5.32B21.131.06%2.88%15.95%—
GES logoGESGuess', Inc.
$16.81$876.67M21.837.88%2.56%14.19%—

Compare LEVI vs Peers

Levi Strauss & Co. (LEVI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HBI

Most directly comparable listed peer for LEVI.

Scale Benchmark

vs TJX

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

Peer Set

Compare Top 5

vs HBI, PVH, RL, VFC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

LEVI SEC Filings & Documents

Levi Strauss & Co. (LEVI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 8, 2026·SEC

Material company update

Jun 15, 2026·SEC

Material company update

Apr 27, 2026·SEC

10-K Annual Reports

2
FY 2026

Jan 28, 2026·SEC

FY 2025

Jan 29, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Jul 8, 2026·SEC

FY 2026

Apr 7, 2026·SEC

FY 2025

Oct 9, 2025·SEC

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LEVI Frequently Asked Questions

Levi Strauss & Co. (LEVI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Levi Strauss & Co.'s revenue?

Levi Strauss & Co. (LEVI) reported $6.61B in revenue for fiscal year 2025. This represents a 42% increase from $4.65B in 2000.

How fast is Levi Strauss & Co. growing?

Levi Strauss & Co. (LEVI) saw revenue decline by 1.2% over the past year.

Is LEVI profitable?

Yes, Levi Strauss & Co. (LEVI) is profitable, generating $639.2M in net income for fiscal year 2025 (9.2% net margin).

Dividend & Returns
Does LEVI pay dividends?

Yes, Levi Strauss & Co. (LEVI) pays a dividend with a yield of 2.71%. This makes it attractive for income-focused investors.

What is LEVI's return on equity?

Levi Strauss & Co. (LEVI) has a return on equity (ROE) of 27.2%. This is excellent, indicating efficient use of shareholder capital.

What is Levi Strauss & Co.'s free cash flow?

Levi Strauss & Co. (LEVI) generated $575.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LEVI back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

See returns →