Leslie's, Inc. (LESL) Key Metrics
LESL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $955,278
- Enterprise value
- $979.5M
- P/E (TTM)
- — 10-yr median 30.8
- Forward P/E
- 11.9
- PEG ratio
- —
- Price / sales
- 0.0 10-yr median 0.7
- Price / book
- —
- EV / EBITDA
- 25.8 10-yr median 15.9
- Dividend yield
- —
- Beta
- 1.75
LESL key metrics, FY2018–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsLESL valuation Price multiples at each fiscal year-end price.
Price / sales−90.6%
0.0
FY2025 · hover or tap a bar for each year
FY2018FY2025
Free cash flow yield−42.9 pts
−32.6%
FY2025 · hover or tap a bar for each year
FY2018FY2025
LESL returns How much profit the business earns on the capital it uses.
Return on invested capital−4.0 pts
1.7%
FY2025 · hover or tap a bar for each year
FY2018FY2025
Return on assets−24.2 pts
−26.5%
FY2025 · hover or tap a bar for each year
FY2018FY2025
Free cash flow margin−5.9 pts
−1.3%
FY2025 · hover or tap a bar for each year
FY2018FY2025
Asset turnover+8.6%
1.39
FY2025 · hover or tap a bar for each year
FY2018FY2025
LESL per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−7.2%
$133.68
FY2025 · hover or tap a bar for each year
FY2018FY2025
Earnings per share
−$25.51
FY2025 · hover or tap a bar for each year
FY2018FY2025
Free cash flow per share
−$1.79
FY2025 · hover or tap a bar for each year
FY2018FY2025
Book value per share
−$43.92
FY2025 · hover or tap a bar for each year
FY2018FY2025
Shares outstanding+0.6%
9.3M
FY2025 · hover or tap a bar for each year
FY2018FY2025
LESL financial health Debt, liquidity and how easily interest is covered.
Net debt+$6.4M
$947.5M
FY2025 · hover or tap a bar for each year
FY2018FY2025
Current ratio−8.1%
1.57
FY2025 · hover or tap a bar for each year
FY2018FY2025
Interest coverage−72.6%
0.2
FY2025 · hover or tap a bar for each year
FY2018FY2025
Debt / assets+36.6%
1.36
FY2025 · hover or tap a bar for each year
FY2018FY2025
LESL efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding0 days
11 days
FY2025 · hover or tap a bar for each year
FY2018FY2025
Days of inventory−16 days
101 days
FY2025 · hover or tap a bar for each year
FY2018FY2025
Days payables outstanding0 days
27 days
FY2025 · hover or tap a bar for each year
FY2018FY2025
Cash conversion cycle−16 days
84 days
FY2025 · hover or tap a bar for each year
FY2018FY2025
Capex / revenue−1.5 pts
2.1%
FY2025 · hover or tap a bar for each year
FY2018FY2025
LESL valuation history
Fiscal year-endToday8-year median
LESL returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LESL debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LESL cash returned to shareholders
DividendsBuybacksFree cash flow
LESL price vs earnings per share
Share price at year-endEPS (right axis)
LESL key metrics
FY2018–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $51.1M | $583.6M | $1.05B | $2.74B | $3.90B | — | — | — |
| Enterprise value | $998.6M | $1.52B | $2.03B | $3.65B | $4.57B | — | — | — |
| P/E ratio | — | — | 38.4 | 17.2 | 30.8 | — | — | — |
| Price / sales | 0.0 | 0.4 | 0.7 | 1.8 | 2.9 | — | — | — |
| Price / free cash flow | — | 9.7 | — | 78.4 | 27.8 | — | — | — |
| Price / operating cash flow | 5.8 | 5.4 | 161.6 | 41.1 | 23.0 | — | — | — |
| EV / sales | 0.8 | 1.1 | 1.4 | 2.3 | 3.4 | — | — | — |
| EV / EBITDA | — | 16.9 | 14.9 | 13.6 | 20.4 | — | — | — |
| EV / free cash flow | — | 25.3 | — | 104.6 | 32.5 | — | — | — |
| Earnings yield | −463.8% | −4.0% | 2.6% | 5.8% | 3.2% | — | — | — |
| Free cash flow yield | −32.6% | 10.3% | −3.1% | 1.3% | 3.6% | — | — | — |
| Dividend yield | — | — | — | 0.1% | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | — | 0.2% | 0.2% | 5.6% | 0.0% | — | — | — |
| Share price at fiscal year-end | $5.50 | $63.20 | $113.20 | $294.20 | $410.80 | — | — | — |
| Per share | ||||||||
| Revenue per share | $133.68 | $144.04 | $157.13 | $167.84 | $141.35 | $119.21 | $99.48 | $95.67 |
| Earnings per share | −$25.51 | −$2.53 | $2.95 | $17.09 | $13.33 | $6.28 | $0.08 | $1.84 |
| Operating cash flow per share | $0.95 | $11.64 | $0.70 | $7.16 | $17.85 | $11.08 | $6.20 | $4.64 |
| Free cash flow per share | −$1.79 | $6.52 | −$3.48 | $3.75 | $14.80 | $8.87 | $3.26 | $1.55 |
| Cash per share | $6.93 | $11.75 | $6.00 | $12.06 | $36.32 | $16.83 | $9.74 | $8.31 |
| Book value per share | −$43.92 | −$19.18 | −$17.47 | −$21.27 | −$22.90 | −$88.64 | −$95.10 | −$95.28 |
| Tangible book value per share | −$66.68 | −$42.48 | −$41.17 | −$44.23 | −$36.48 | −$101.62 | −$107.72 | −$107.24 |
| Dividends per share | — | — | — | $0.15 | $0.00 | $0.01 | $0.13 | $0.13 |
| Capex per share | $2.74 | $5.12 | $4.18 | $3.41 | $3.05 | $2.21 | $2.94 | $3.09 |
| Debt per share | $108.92 | $113.66 | $112.32 | $110.45 | $106.87 | $147.11 | $128.06 | $128.38 |
| Shares outstanding | 9.3M | 9.2M | 9.2M | 9.3M | 9.5M | 9.3M | 9.3M | 9.3M |
| Change in shares outstanding | +0.6% | −0.0% | −0.8% | −2.0% | +1.8% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on invested capital (ROIC) | 1.7% | 5.7% | 9.8% | 31.2% | 38.6% | 46.3% | 27.1% | 38.8% |
| Return on assets (ROA) | −26.5% | −2.2% | 2.5% | 14.8% | 14.1% | 9.6% | 0.2% | 3.8% |
| Return on tangible assets | −44.7% | −2.8% | 3.3% | 17.8% | 13.8% | 9.4% | 0.2% | 5.0% |
| Free cash flow margin | −1.3% | 4.5% | −2.2% | 2.2% | 10.5% | 7.4% | 3.3% | 1.6% |
| Income quality (OCF / net income) | — | — | 0.24 | 0.42 | 1.34 | 1.77 | 82.37 | 2.53 |
| Financial health | ||||||||
| Total debt | $1.01B | $1.05B | $1.04B | $1.03B | $1.02B | $1.37B | $1.19B | $1.20B |
| Cash & short-term investments | $64.3M | $108.5M | $55.4M | $112.3M | $345.1M | $157.1M | $90.9M | $77.6M |
| Net debt | $947.5M | $941.1M | $982.0M | $915.7M | $670.3M | $1.22B | $1.10B | $1.12B |
| Debt / assets | 1.36 | 1.00 | 1.00 | 0.93 | 0.97 | 1.84 | 2.49 | 2.64 |
| Net debt / EBITDA | — | 10.43 | 7.20 | 3.40 | 2.99 | 6.98 | 7.26 | 7.71 |
| Current ratio | 1.57 | 1.71 | 1.86 | 1.56 | 1.95 | 1.44 | 1.70 | 1.86 |
| Quick ratio | 0.58 | 0.76 | 0.48 | 0.52 | 1.31 | 0.86 | 0.80 | 0.82 |
| Interest coverage | 0.2 | 0.8 | 1.6 | 7.9 | 6.1 | 1.7 | 1.2 | 1.3 |
| Working capital | $119.7M | $175.5M | $194.5M | $194.4M | $293.6M | $113.9M | $116.6M | $118.2M |
| Invested capital | $539.5M | $763.9M | $820.6M | $717.8M | $452.7M | $388.5M | $216.6M | $231.3M |
| Tangible asset value | −$619.4M | −$392.3M | −$380.2M | −$411.7M | −$346.6M | −$948.2M | −$1.01B | −$1.00B |
| Net current asset value | −$820.7M | −$805.0M | −$775.5M | −$765.2M | −$658.1M | −$1.20B | −$1.08B | −$1.09B |
| Graham net-net per share | −$103.47 | −$104.79 | −$104.20 | −$105.34 | −$82.92 | −$141.29 | −$126.03 | −$125.55 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | $1.4M | $0 | $53,000 | $1.2M | $1.2M |
| Share buybacks (net) | — | $998,000 | $2.4M | $152.1M | $0 | $0 | — | — |
| Dividend payout ratio | — | — | — | 0.9% | 0.0% | 0.1% | 176.6% | 7.2% |
| Dividends + buybacks / free cash flow | — | 1.7% | — | 439.7% | 0.0% | 0.1% | 4.1% | 8.6% |
| Capex / revenue | 2.1% | 3.6% | 2.7% | 2.0% | 2.2% | 1.9% | 3.0% | 3.2% |
| Capex / operating cash flow | 288.9% | 44.0% | 596.2% | 47.6% | 17.1% | 19.9% | 47.5% | 66.5% |
| Capex / depreciation | 0.76 | 1.43 | 1.13 | 1.03 | 1.09 | 0.71 | 0.90 | 0.91 |
| Stock-based compensation / revenue | 0.5% | 0.6% | 0.8% | 0.7% | 1.8% | 0.2% | 0.2% | 0.2% |
| SG&A / revenue | 34.3% | 31.6% | 30.7% | 27.8% | 28.7% | 28.3% | 27.8% | 27.1% |
| Efficiency | ||||||||
| Days sales outstanding | 10.6 | 10.3 | 9.4 | 9.8 | 9.6 | 10.7 | 12.3 | 11.7 |
| Days of inventory on hand | 100.6 | 116.8 | 136.1 | 115.1 | 84.9 | 83.7 | 97.5 | 97.6 |
| Days payables outstanding | 27.2 | 27.0 | 43.5 | 52.9 | 47.2 | 45.0 | 43.2 | 42.0 |
| Cash conversion cycle (days) | 84.0 | 100.1 | 102.1 | 72.1 | 47.2 | 49.4 | 66.5 | 67.4 |
| Receivables turnover | 34.50 | 35.53 | 38.86 | 37.12 | 38.18 | 34.04 | 29.67 | 31.10 |
| Payables turnover | 13.43 | 13.53 | 8.40 | 6.90 | 7.74 | 8.11 | 8.44 | 8.69 |
| Inventory turnover | 3.63 | 3.13 | 2.68 | 3.17 | 4.30 | 4.36 | 3.74 | 3.74 |
| Asset turnover | 1.39 | 1.28 | 1.35 | 1.45 | 1.50 | 1.81 | 1.99 | 1.97 |
| Average receivables | $36.0M | $37.4M | $37.3M | $42.1M | $35.2M | $32.7M | $31.3M | $28.7M |
| Average payables | $59.8M | $63.1M | $107.5M | $128.7M | $96.7M | $80.4M | $65.0M | $61.6M |
| Average inventory | $221.1M | $273.1M | $336.8M | $280.2M | $173.9M | $149.3M | $146.5M | $143.2M |
| Intangibles / total assets | 28.5% | 20.5% | 21.2% | 19.3% | 12.4% | 16.2% | 24.5% | 24.6% |
Computed from LESL's annual financial statements (latest annual report filed December 18, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LESL valuation and financial ratios
Leslie's earned a return on invested capital of 1.7% in fiscal 2025. It ended the year with $1.0 billion of debt and $64.3 million in cash and short-term investments, net debt of $947.5 million.
See the LESL income statement, the LESL chart for price history, or the LESL stock overview for the latest quote and news.
LESL key metrics FAQ
What is Leslie's's ROIC?
Leslie's's return on invested capital was 1.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Leslie's have?
Leslie's had total debt of $1.0 billion at the end of fiscal 2025.
What is Leslie's's free cash flow yield?
Leslie's generated -$16.7 million of free cash flow in fiscal 2025, a free cash flow yield of −32.6% on its market value at year-end ($51.1 million).
What is Leslie's's current ratio?
Leslie's's current ratio was 1.57 at the end of fiscal 2025: current assets were 1.57 times current liabilities.