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Side-by-side financial comparison of LANDS' END, INC. (LE) and MATERION Corp (MTRN). Click either name above to swap in a different company.

MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $317.5M, roughly 1.7× LANDS' END, INC.). MATERION Corp runs the higher net margin — 3.5% vs 1.6%, a 1.9% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 0.1%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% CAGR vs -0.9%).

Lands' End, Inc. is an American retailer of clothing, baggage, and furniture which began as a mail-order yachting supply company in 1963 in Chicago. The company is named after Land's End; after promotional materials were printed, the founder noticed the typographical error in the location of the apostrophe, but could not afford to reprint the material. The company operates 26 domestic stores as of February 2024. Lands' End is headquartered in Dodgeville, Wisconsin.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

LE vs MTRN — Head-to-Head

Bigger by revenue
MTRN
MTRN
1.7× larger
MTRN
$549.8M
$317.5M
LE
Growing faster (revenue YoY)
MTRN
MTRN
+30.7% gap
MTRN
30.8%
0.1%
LE
Higher net margin
MTRN
MTRN
1.9% more per $
MTRN
3.5%
1.6%
LE
Faster 2-yr revenue CAGR
MTRN
MTRN
Annualised
MTRN
13.6%
-0.9%
LE

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
LE
LE
MTRN
MTRN
Revenue
$317.5M
$549.8M
Net Profit
$5.2M
$19.4M
Gross Margin
51.8%
14.9%
Operating Margin
5.3%
5.1%
Net Margin
1.6%
3.5%
Revenue YoY
0.1%
30.8%
Net Profit YoY
198.3%
9.5%
EPS (diluted)
$0.17

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
LE
LE
MTRN
MTRN
Q1 26
$549.8M
Q4 25
$317.5M
$489.8M
Q3 25
$444.8M
Q2 25
$261.2M
$431.7M
Q1 25
$420.3M
Q4 24
$318.6M
$436.9M
Q3 24
$317.2M
$436.7M
Q2 24
$285.5M
$425.9M
Net Profit
LE
LE
MTRN
MTRN
Q1 26
$19.4M
Q4 25
$5.2M
$6.6M
Q3 25
$25.4M
Q2 25
$-8.3M
$25.1M
Q1 25
$17.7M
Q4 24
$-593.0K
$-48.9M
Q3 24
$-5.3M
$22.3M
Q2 24
$-6.4M
$19.0M
Gross Margin
LE
LE
MTRN
MTRN
Q1 26
14.9%
Q4 25
51.8%
13.0%
Q3 25
19.4%
Q2 25
50.8%
19.1%
Q1 25
18.1%
Q4 24
50.6%
21.3%
Q3 24
47.9%
18.5%
Q2 24
48.7%
19.0%
Operating Margin
LE
LE
MTRN
MTRN
Q1 26
5.1%
Q4 25
5.3%
2.2%
Q3 25
7.9%
Q2 25
-0.9%
8.5%
Q1 25
6.5%
Q4 24
2.9%
-8.8%
Q3 24
0.8%
7.2%
Q2 24
0.8%
7.5%
Net Margin
LE
LE
MTRN
MTRN
Q1 26
3.5%
Q4 25
1.6%
1.3%
Q3 25
5.7%
Q2 25
-3.2%
5.8%
Q1 25
4.2%
Q4 24
-0.2%
-11.2%
Q3 24
-1.7%
5.1%
Q2 24
-2.3%
4.5%
EPS (diluted)
LE
LE
MTRN
MTRN
Q1 26
Q4 25
$0.17
$0.30
Q3 25
$1.22
Q2 25
$-0.27
$1.21
Q1 25
$0.85
Q4 24
$-0.02
$-2.34
Q3 24
$-0.17
$1.07
Q2 24
$-0.20
$0.91

Balance Sheet & Financial Strength

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

Metric
LE
LE
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$36.3M
$16.2M
Total DebtLower is stronger
$489.9M
Stockholders' EquityBook value
$231.0M
$957.0M
Total Assets
$852.7M
$1.9B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LE
LE
MTRN
MTRN
Q1 26
$16.2M
Q4 25
$36.3M
$13.7M
Q3 25
$16.4M
Q2 25
$18.1M
$12.6M
Q1 25
$15.6M
Q4 24
$30.4M
$16.7M
Q3 24
$25.6M
$17.9M
Q2 24
$27.4M
$17.1M
Total Debt
LE
LE
MTRN
MTRN
Q1 26
$489.9M
Q4 25
$460.6M
Q3 25
$458.9M
Q2 25
$427.6M
Q1 25
$453.0M
Q4 24
$443.9M
Q3 24
Q2 24
Stockholders' Equity
LE
LE
MTRN
MTRN
Q1 26
$957.0M
Q4 25
$231.0M
$943.3M
Q3 25
$934.6M
Q2 25
$230.1M
$910.6M
Q1 25
$887.9M
Q4 24
$223.6M
$868.9M
Q3 24
$226.5M
$931.9M
Q2 24
$234.6M
$907.1M
Total Assets
LE
LE
MTRN
MTRN
Q1 26
$1.9B
Q4 25
$852.7M
$1.8B
Q3 25
$1.8B
Q2 25
$760.5M
$1.7B
Q1 25
$1.8B
Q4 24
$843.6M
$1.7B
Q3 24
$802.5M
$1.9B
Q2 24
$800.1M
$1.8B
Debt / Equity
LE
LE
MTRN
MTRN
Q1 26
0.51×
Q4 25
0.49×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
LE
LE
MTRN
MTRN
Operating Cash FlowLast quarter
$-15.7M
Free Cash FlowOCF − Capex
$-22.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-3.03×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LE
LE
MTRN
MTRN
Q1 26
Q4 25
$-15.7M
$19.5M
Q3 25
$18.3M
Q2 25
$-22.5M
$49.9M
Q1 25
$15.5M
Q4 24
$-17.1M
$76.3M
Q3 24
$30.7M
$5.1M
Q2 24
$-25.8M
$20.3M
Free Cash Flow
LE
LE
MTRN
MTRN
Q1 26
Q4 25
$-22.4M
Q3 25
Q2 25
$-30.7M
Q1 25
$3.2M
Q4 24
$-27.8M
Q3 24
$26.0M
$-24.3M
Q2 24
$-32.6M
FCF Margin
LE
LE
MTRN
MTRN
Q1 26
Q4 25
-7.1%
Q3 25
Q2 25
-11.8%
Q1 25
0.8%
Q4 24
-8.7%
Q3 24
8.2%
-5.6%
Q2 24
-11.4%
Capex Intensity
LE
LE
MTRN
MTRN
Q1 26
Q4 25
2.1%
Q3 25
Q2 25
3.2%
Q1 25
2.9%
Q4 24
3.3%
Q3 24
1.5%
6.7%
Q2 24
2.4%
Cash Conversion
LE
LE
MTRN
MTRN
Q1 26
Q4 25
-3.03×
2.97×
Q3 25
0.72×
Q2 25
1.99×
Q1 25
0.88×
Q4 24
Q3 24
0.23×
Q2 24
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LE
LE

U Se Commerce$179.8M57%
Business Outfitters Revenue$78.8M25%
Licensing And Retail$20.2M6%
Other$19.8M6%
Third Party$18.9M6%

MTRN
MTRN

Segment breakdown not available.

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