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MARKETS / NASDAQ / LESL
NASDAQ · RETAIL-RETAIL STORES, NEC · MID CAP

Leslie's, Inc. LESL

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▼ 6.6% YoY
$-237.0M
$-16.7M
▼ 127.7% YoY
In brief

What this company does

Leslie's, Inc. offers an assortment of pool and spa care products, most of which are exclusive to Leslie's, manufacturer certified installation and repair services, and, in some markets, weekly pool maintenance services. Leslie's, Inc. operates over 1,000 retail locations under the Leslie's and In The Swim brands. As of October 4, 2025, Leslie's, Inc. employed approximately 3,790 employees, of which approximately 2,990 worked within its physical network, 210 worked as in-field service technicians, 360 worked in its corporate office, and 230 worked in its distribution centers. As of October 4, 2025, one supplier represented more than 10% of Leslie's, Inc.'s annual purchases. Leslie's, Inc. operates a wholesale specialty pool and spa parts distribution business, an integrated manufacturing plant, and a regionally located, hub-and-spoke distribution system throughout the continental United States. Leslie's, Inc. was founded in 1963 by Phil Leslie Jr. in Southern California.

Written from the business description in Leslie's, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 December 2025. Every sentence was checked against that document before publication.

Growth
USD 1.2B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income -0.2
0.80B-0.08B-0.16B2019202020212022202320242025
Compound annual growth
−7.4%
+2.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−19 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -13.7% · Net -19.1%
5%10%15%-5%-10%-15%2019202020212022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -16.7
50M100M-20M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2024 · Dividends — · Net buybacks 0.0
80M201920202021202220232024

Total assetsUSD 741.5M
EquityUSD -408.0M
CashUSD 64.3M
Gross debtUSD 752.1M
Net debtUSD 687.7M
Current ratio1.57×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B1.21.31.51.61.31.10.9
Operating income $B−0.20.10.10.20.20.10.1
EBITDA $B−0.10.10.10.30.20.20.1
Income tax $B0.00.00.00.00.00.00.0
Net income $B−0.2−0.00.00.20.10.10.0
Free cash flow $B−0.00.1−0.00.00.10.10.0
EPS, diluted $−25.57−2.532.950.850.670.370.00
Dividend / sh $·······
Payout %······177
ROE %·······
Shares out B0.010.010.180.180.190.16·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 63 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Retail Stores, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsOctober 4
SEC categorysmaller reporting company
Data on record since2019

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