vs
Side-by-side financial comparison of Leslie's, Inc. (LESL) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $131.8M, roughly 1.1× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -56.4%, a 65.9% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -16.0%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
LESL vs LOAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $131.8M |
| Net Profit | $-83.0M | $12.5M |
| Gross Margin | 18.4% | 52.1% |
| Operating Margin | -46.7% | 18.0% |
| Net Margin | -56.4% | 9.5% |
| Revenue YoY | -16.0% | 19.3% |
| Net Profit YoY | -86.2% | 239.5% |
| EPS (diluted) | $-8.92 | $0.13 |
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 | $389.2M | $131.8M | ||
| Q3 25 | — | $126.8M | ||
| Q2 25 | $500.3M | $123.1M | ||
| Q1 25 | $177.1M | $114.7M | ||
| Q4 24 | $175.2M | $110.4M | ||
| Q3 24 | $397.9M | $103.5M | ||
| Q2 24 | $569.6M | $97.0M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $12.5M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | $21.7M | $16.7M | ||
| Q1 25 | $-51.3M | $15.3M | ||
| Q4 24 | $-44.6M | $3.7M | ||
| Q3 24 | $-9.9M | $8.7M | ||
| Q2 24 | $60.6M | $7.6M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 52.1% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | 39.6% | 53.8% | ||
| Q1 25 | 24.8% | 52.1% | ||
| Q4 24 | 27.2% | 48.9% | ||
| Q3 24 | 36.0% | 51.1% | ||
| Q2 24 | 40.2% | 49.0% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 18.0% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | 13.7% | 22.2% | ||
| Q1 25 | -27.3% | 22.8% | ||
| Q4 24 | -22.7% | 19.2% | ||
| Q3 24 | 6.6% | 22.1% | ||
| Q2 24 | 17.2% | 22.9% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 9.5% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | 4.3% | 13.6% | ||
| Q1 25 | -29.0% | 13.4% | ||
| Q4 24 | -25.4% | 3.3% | ||
| Q3 24 | -2.5% | 8.4% | ||
| Q2 24 | 10.6% | 7.9% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $0.13 | ||
| Q3 25 | — | $0.29 | ||
| Q2 25 | $0.12 | $0.17 | ||
| Q1 25 | $-0.28 | $0.16 | ||
| Q4 24 | $-4.82 | $-11023.48 | ||
| Q3 24 | $-2.46 | $0.09 | ||
| Q2 24 | $0.33 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6M | $84.8M |
| Total DebtLower is stronger | $781.6M | $715.7M |
| Stockholders' EquityBook value | $-489.9M | $1.2B |
| Total Assets | $649.4M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $84.8M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | $42.7M | $103.3M | ||
| Q1 25 | $17.3M | $80.5M | ||
| Q4 24 | $11.6M | $54.1M | ||
| Q3 24 | $108.5M | $55.2M | ||
| Q2 24 | $74.4M | $73.2M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | $776.6M | $277.7M | ||
| Q1 25 | $858.1M | $277.5M | ||
| Q4 24 | $796.6M | $277.3M | ||
| Q3 24 | $783.7M | $602.1M | ||
| Q2 24 | $783.7M | $250.7M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $-246.2M | $1.1B | ||
| Q1 25 | $-269.5M | $1.1B | ||
| Q4 24 | $-220.0M | $1.1B | ||
| Q3 24 | $-177.1M | $769.8M | ||
| Q2 24 | $-168.2M | $758.4M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $2.0B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $989.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $967.0M | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× |
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 | $-81.1M | $30.4M |
| Free Cash FlowOCF − Capex | $-85.5M | — |
| FCF MarginFCF / Revenue | -58.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $30.4M | ||
| Q3 25 | — | $29.7M | ||
| Q2 25 | $114.9M | $23.8M | ||
| Q1 25 | $-49.2M | $28.4M | ||
| Q4 24 | $-105.1M | $20.7M | ||
| Q3 24 | $47.1M | $16.3M | ||
| Q2 24 | $175.5M | $7.1M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $107.1M | — | ||
| Q1 25 | $-55.8M | — | ||
| Q4 24 | $-109.8M | — | ||
| Q3 24 | $34.1M | — | ||
| Q2 24 | $165.2M | — |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 21.4% | — | ||
| Q1 25 | -31.5% | — | ||
| Q4 24 | -62.6% | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | 29.0% | — |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 1.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | 5.29× | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | 2.89× | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
