vs
Side-by-side financial comparison of Claritev Corp (CTEV) and Leslie's, Inc. (LESL). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $147.1M, roughly 1.7× Leslie's, Inc.). Claritev Corp runs the higher net margin — -32.7% vs -56.4%, a 23.7% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -16.0%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-85.5M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs -11.7%).
Leslie's, Inc., operating as Leslie's Swimming Pool Supplies, is the largest retailer of swimming pool supplies and related products. The company is headquartered in Phoenix, Arizona, and has a particularly strong retail presence in Arizona, California, Florida, Georgia and Texas.
CTEV vs LESL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $147.1M |
| Net Profit | $-80.6M | $-83.0M |
| Gross Margin | — | 18.4% |
| Operating Margin | -3.1% | -46.7% |
| Net Margin | -32.7% | -56.4% |
| Revenue YoY | 6.2% | -16.0% |
| Net Profit YoY | 41.6% | -86.2% |
| EPS (diluted) | $-4.88 | $-8.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $147.1M | ||
| Q4 25 | $246.6M | $389.2M | ||
| Q3 25 | $246.0M | — | ||
| Q2 25 | $241.6M | $500.3M | ||
| Q1 25 | $231.3M | $177.1M | ||
| Q4 24 | $232.1M | $175.2M | ||
| Q3 24 | $230.5M | $397.9M | ||
| Q2 24 | $233.5M | $569.6M |
| Q1 26 | — | $-83.0M | ||
| Q4 25 | $-80.6M | $-162.8M | ||
| Q3 25 | $-69.8M | — | ||
| Q2 25 | $-62.6M | $21.7M | ||
| Q1 25 | $-71.3M | $-51.3M | ||
| Q4 24 | $-138.0M | $-44.6M | ||
| Q3 24 | $-391.4M | $-9.9M | ||
| Q2 24 | $-576.7M | $60.6M |
| Q1 26 | — | 18.4% | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 39.6% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 27.2% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 40.2% |
| Q1 26 | — | -46.7% | ||
| Q4 25 | -3.1% | -38.6% | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 6.9% | 13.7% | ||
| Q1 25 | 4.2% | -27.3% | ||
| Q4 24 | -17.8% | -22.7% | ||
| Q3 24 | -146.7% | 6.6% | ||
| Q2 24 | -224.4% | 17.2% |
| Q1 26 | — | -56.4% | ||
| Q4 25 | -32.7% | -41.8% | ||
| Q3 25 | -28.4% | — | ||
| Q2 25 | -25.9% | 4.3% | ||
| Q1 25 | -30.8% | -29.0% | ||
| Q4 24 | -59.4% | -25.4% | ||
| Q3 24 | -169.8% | -2.5% | ||
| Q2 24 | -247.0% | 10.6% |
| Q1 26 | — | $-8.92 | ||
| Q4 25 | $-4.88 | $-20.59 | ||
| Q3 25 | $-4.23 | — | ||
| Q2 25 | $-3.81 | $0.12 | ||
| Q1 25 | $-4.38 | $-0.28 | ||
| Q4 24 | $-8.49 | $-4.82 | ||
| Q3 24 | $-24.25 | $-2.46 | ||
| Q2 24 | $-35.78 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.8M | $3.6M |
| Total DebtLower is stronger | $4.6B | $781.6M |
| Stockholders' EquityBook value | $-173.9M | $-489.9M |
| Total Assets | $4.9B | $649.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.6M | ||
| Q4 25 | $16.8M | $64.3M | ||
| Q3 25 | $39.2M | — | ||
| Q2 25 | $56.4M | $42.7M | ||
| Q1 25 | $23.1M | $17.3M | ||
| Q4 24 | $16.8M | $11.6M | ||
| Q3 24 | $86.6M | $108.5M | ||
| Q2 24 | $48.8M | $74.4M |
| Q1 26 | — | $781.6M | ||
| Q4 25 | $4.6B | $756.6M | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | $776.6M | ||
| Q1 25 | $4.5B | $858.1M | ||
| Q4 24 | $4.5B | $796.6M | ||
| Q3 24 | $4.5B | $783.7M | ||
| Q2 24 | $4.5B | $783.7M |
| Q1 26 | — | $-489.9M | ||
| Q4 25 | $-173.9M | $-408.0M | ||
| Q3 25 | $-101.8M | — | ||
| Q2 25 | $-39.9M | $-246.2M | ||
| Q1 25 | $14.8M | $-269.5M | ||
| Q4 24 | $84.0M | $-220.0M | ||
| Q3 24 | $207.6M | $-177.1M | ||
| Q2 24 | $603.4M | $-168.2M |
| Q1 26 | — | $649.4M | ||
| Q4 25 | $4.9B | $741.5M | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.1B | $989.5M | ||
| Q1 25 | $5.1B | $1.0B | ||
| Q4 24 | $5.2B | $967.0M | ||
| Q3 24 | $5.3B | $1.1B | ||
| Q2 24 | $5.7B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $66.3M | $-81.1M |
| Free Cash FlowOCF − Capex | $36.4M | $-85.5M |
| FCF MarginFCF / Revenue | 14.8% | -58.1% |
| Capex IntensityCapex / Revenue | 12.1% | 2.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $7.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-81.1M | ||
| Q4 25 | $66.3M | $48.2M | ||
| Q3 25 | $19.9M | — | ||
| Q2 25 | $61.2M | $114.9M | ||
| Q1 25 | $-30.1M | $-49.2M | ||
| Q4 24 | $-33.4M | $-105.1M | ||
| Q3 24 | $72.8M | $47.1M | ||
| Q2 24 | $18.5M | $175.5M |
| Q1 26 | — | $-85.5M | ||
| Q4 25 | $36.4M | $41.8M | ||
| Q3 25 | $-16.3M | — | ||
| Q2 25 | $36.6M | $107.1M | ||
| Q1 25 | $-68.9M | $-55.8M | ||
| Q4 24 | $-63.8M | $-109.8M | ||
| Q3 24 | $41.1M | $34.1M | ||
| Q2 24 | $-7.0M | $165.2M |
| Q1 26 | — | -58.1% | ||
| Q4 25 | 14.8% | 10.7% | ||
| Q3 25 | -6.6% | — | ||
| Q2 25 | 15.2% | 21.4% | ||
| Q1 25 | -29.8% | -31.5% | ||
| Q4 24 | -27.5% | -62.6% | ||
| Q3 24 | 17.8% | 8.6% | ||
| Q2 24 | -3.0% | 29.0% |
| Q1 26 | — | 2.9% | ||
| Q4 25 | 12.1% | 1.7% | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.2% | 1.6% | ||
| Q1 25 | 16.8% | 3.7% | ||
| Q4 24 | 13.1% | 2.7% | ||
| Q3 24 | 13.8% | 3.2% | ||
| Q2 24 | 10.9% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
