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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and Leslie's, Inc. (LESL). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $147.1M, roughly 1.1× Leslie's, Inc.). On growth, Commercial Vehicle Group, Inc. posted the faster year-over-year revenue change (-5.2% vs -16.0%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-85.5M). Over the past eight quarters, Commercial Vehicle Group, Inc.'s revenue compounded faster (-10.8% CAGR vs -11.7%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs LESL — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.1× larger
CVGI
$154.8M
$147.1M
LESL
Growing faster (revenue YoY)
CVGI
CVGI
+10.8% gap
CVGI
-5.2%
-16.0%
LESL
More free cash flow
CVGI
CVGI
$94.2M more FCF
CVGI
$8.7M
$-85.5M
LESL
Faster 2-yr revenue CAGR
CVGI
CVGI
Annualised
CVGI
-10.8%
-11.7%
LESL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVGI
CVGI
LESL
LESL
Revenue
$154.8M
$147.1M
Net Profit
$-83.0M
Gross Margin
9.7%
18.4%
Operating Margin
-1.2%
-46.7%
Net Margin
-56.4%
Revenue YoY
-5.2%
-16.0%
Net Profit YoY
-86.2%
EPS (diluted)
$-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.

Revenue
CVGI
CVGI
LESL
LESL
Q1 26
$147.1M
Q4 25
$154.8M
$389.2M
Q3 25
$152.5M
Q2 25
$172.0M
$500.3M
Q1 25
$169.8M
$177.1M
Q4 24
$163.3M
$175.2M
Q3 24
$171.8M
$397.9M
Q2 24
$193.7M
$569.6M
Net Profit
CVGI
CVGI
LESL
LESL
Q1 26
$-83.0M
Q4 25
$-162.8M
Q3 25
$-7.1M
Q2 25
$-4.8M
$21.7M
Q1 25
$-4.3M
$-51.3M
Q4 24
$-44.6M
Q3 24
$9.5M
$-9.9M
Q2 24
$-1.6M
$60.6M
Gross Margin
CVGI
CVGI
LESL
LESL
Q1 26
18.4%
Q4 25
9.7%
38.6%
Q3 25
10.5%
Q2 25
11.4%
39.6%
Q1 25
10.5%
24.8%
Q4 24
8.0%
27.2%
Q3 24
9.6%
36.0%
Q2 24
10.6%
40.2%
Operating Margin
CVGI
CVGI
LESL
LESL
Q1 26
-46.7%
Q4 25
-1.2%
-38.6%
Q3 25
-0.7%
Q2 25
0.5%
13.7%
Q1 25
0.8%
-27.3%
Q4 24
-3.2%
-22.7%
Q3 24
-0.6%
6.6%
Q2 24
0.5%
17.2%
Net Margin
CVGI
CVGI
LESL
LESL
Q1 26
-56.4%
Q4 25
-41.8%
Q3 25
-4.6%
Q2 25
-2.8%
4.3%
Q1 25
-2.5%
-29.0%
Q4 24
-25.4%
Q3 24
5.5%
-2.5%
Q2 24
-0.8%
10.6%
EPS (diluted)
CVGI
CVGI
LESL
LESL
Q1 26
$-8.92
Q4 25
$-20.59
Q3 25
Q2 25
$0.12
Q1 25
$-0.28
Q4 24
$-4.82
Q3 24
$-2.46
Q2 24
$-0.05
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVGI
CVGI
LESL
LESL
Cash + ST InvestmentsLiquidity on hand
$3.6M
Total DebtLower is stronger
$104.9M
$781.6M
Stockholders' EquityBook value
$133.4M
$-489.9M
Total Assets
$391.7M
$649.4M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
LESL
LESL
Q1 26
$3.6M
Q4 25
$64.3M
Q3 25
Q2 25
$42.7M
Q1 25
$17.3M
Q4 24
$11.6M
Q3 24
$108.5M
Q2 24
$74.4M
Total Debt
CVGI
CVGI
LESL
LESL
Q1 26
$781.6M
Q4 25
$104.9M
$756.6M
Q3 25
$108.2M
Q2 25
$118.2M
$776.6M
Q1 25
$117.4M
$858.1M
Q4 24
$135.5M
$796.6M
Q3 24
$128.8M
$783.7M
Q2 24
$142.0M
$783.7M
Stockholders' Equity
CVGI
CVGI
LESL
LESL
Q1 26
$-489.9M
Q4 25
$133.4M
$-408.0M
Q3 25
$136.5M
Q2 25
$142.6M
$-246.2M
Q1 25
$136.7M
$-269.5M
Q4 24
$135.6M
$-220.0M
Q3 24
$179.3M
$-177.1M
Q2 24
$169.6M
$-168.2M
Total Assets
CVGI
CVGI
LESL
LESL
Q1 26
$649.4M
Q4 25
$391.7M
$741.5M
Q3 25
$400.3M
Q2 25
$429.8M
$989.5M
Q1 25
$419.8M
$1.0B
Q4 24
$424.6M
$967.0M
Q3 24
$495.3M
$1.1B
Q2 24
$503.2M
$1.1B
Debt / Equity
CVGI
CVGI
LESL
LESL
Q1 26
Q4 25
0.79×
Q3 25
0.79×
Q2 25
0.83×
Q1 25
0.86×
Q4 24
1.00×
Q3 24
0.72×
Q2 24
0.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVGI
CVGI
LESL
LESL
Operating Cash FlowLast quarter
$12.3M
$-81.1M
Free Cash FlowOCF − Capex
$8.7M
$-85.5M
FCF MarginFCF / Revenue
5.6%
-58.1%
Capex IntensityCapex / Revenue
2.3%
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
LESL
LESL
Q1 26
$-81.1M
Q4 25
$12.3M
$48.2M
Q3 25
$-1.7M
Q2 25
$18.9M
$114.9M
Q1 25
$15.2M
$-49.2M
Q4 24
$-26.6M
$-105.1M
Q3 24
$-17.1M
$47.1M
Q2 24
$12.6M
$175.5M
Free Cash Flow
CVGI
CVGI
LESL
LESL
Q1 26
$-85.5M
Q4 25
$8.7M
$41.8M
Q3 25
$-3.5M
Q2 25
$17.4M
$107.1M
Q1 25
$11.4M
$-55.8M
Q4 24
$-30.6M
$-109.8M
Q3 24
$-20.3M
$34.1M
Q2 24
$6.4M
$165.2M
FCF Margin
CVGI
CVGI
LESL
LESL
Q1 26
-58.1%
Q4 25
5.6%
10.7%
Q3 25
-2.3%
Q2 25
10.1%
21.4%
Q1 25
6.7%
-31.5%
Q4 24
-18.7%
-62.6%
Q3 24
-11.8%
8.6%
Q2 24
3.3%
29.0%
Capex Intensity
CVGI
CVGI
LESL
LESL
Q1 26
2.9%
Q4 25
2.3%
1.7%
Q3 25
1.2%
Q2 25
0.9%
1.6%
Q1 25
2.2%
3.7%
Q4 24
2.4%
2.7%
Q3 24
1.9%
3.2%
Q2 24
3.2%
1.8%
Cash Conversion
CVGI
CVGI
LESL
LESL
Q1 26
Q4 25
Q3 25
Q2 25
5.29×
Q1 25
Q4 24
Q3 24
-1.79×
Q2 24
2.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

LESL
LESL

Segment breakdown not available.

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