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Side-by-side financial comparison of Leslie's, Inc. (LESL) and Metropolitan Bank Holding Corp. (MCB). Click either name above to swap in a different company.

Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $88.5M, roughly 1.7× Metropolitan Bank Holding Corp.). Metropolitan Bank Holding Corp. runs the higher net margin — 35.5% vs -56.4%, a 91.9% gap on every dollar of revenue. On growth, Metropolitan Bank Holding Corp. posted the faster year-over-year revenue change (25.4% vs -16.0%). Over the past eight quarters, Metropolitan Bank Holding Corp.'s revenue compounded faster (14.3% 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.

Sandy Spring Bancorp, Inc. was a bank holding company headquartered in Olney, Maryland and operating in the Washington metropolitan area. In addition to banking services, the company offered commercial and personal lines of insurance, surety bonds, workers compensation insurance, and professional liability insurance protection as well as financial planning, wealth management, and asset management for high-net-worth individuals, businesses, and associations. In April 2025, the company was acqu...

LESL vs MCB — Head-to-Head

Bigger by revenue
LESL
LESL
1.7× larger
LESL
$147.1M
$88.5M
MCB
Growing faster (revenue YoY)
MCB
MCB
+41.4% gap
MCB
25.4%
-16.0%
LESL
Higher net margin
MCB
MCB
91.9% more per $
MCB
35.5%
-56.4%
LESL
Faster 2-yr revenue CAGR
MCB
MCB
Annualised
MCB
14.3%
-11.7%
LESL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LESL
LESL
MCB
MCB
Revenue
$147.1M
$88.5M
Net Profit
$-83.0M
$31.4M
Gross Margin
18.4%
Operating Margin
-46.7%
Net Margin
-56.4%
35.5%
Revenue YoY
-16.0%
25.4%
Net Profit YoY
-86.2%
92.2%
EPS (diluted)
$-8.92
$2.92

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
LESL
LESL
MCB
MCB
Q1 26
$147.1M
$88.5M
Q4 25
$389.2M
$88.4M
Q3 25
$79.8M
Q2 25
$500.3M
$76.3M
Q1 25
$177.1M
$70.6M
Q4 24
$175.2M
$71.0M
Q3 24
$397.9M
$71.5M
Q2 24
$569.6M
$67.7M
Net Profit
LESL
LESL
MCB
MCB
Q1 26
$-83.0M
$31.4M
Q4 25
$-162.8M
$28.9M
Q3 25
$7.1M
Q2 25
$21.7M
$18.8M
Q1 25
$-51.3M
$16.4M
Q4 24
$-44.6M
$21.4M
Q3 24
$-9.9M
$12.3M
Q2 24
$60.6M
$16.8M
Gross Margin
LESL
LESL
MCB
MCB
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%
Operating Margin
LESL
LESL
MCB
MCB
Q1 26
-46.7%
Q4 25
-38.6%
46.6%
Q3 25
12.8%
Q2 25
13.7%
35.1%
Q1 25
-27.3%
33.1%
Q4 24
-22.7%
44.1%
Q3 24
6.6%
24.6%
Q2 24
17.2%
35.3%
Net Margin
LESL
LESL
MCB
MCB
Q1 26
-56.4%
35.5%
Q4 25
-41.8%
32.6%
Q3 25
8.9%
Q2 25
4.3%
24.6%
Q1 25
-29.0%
23.2%
Q4 24
-25.4%
30.2%
Q3 24
-2.5%
17.2%
Q2 24
10.6%
24.8%
EPS (diluted)
LESL
LESL
MCB
MCB
Q1 26
$-8.92
$2.92
Q4 25
$-20.59
$2.74
Q3 25
$0.67
Q2 25
$0.12
$1.76
Q1 25
$-0.28
$1.45
Q4 24
$-4.82
$1.89
Q3 24
$-2.46
$1.08
Q2 24
$0.33
$1.50

Balance Sheet & Financial Strength

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

Metric
LESL
LESL
MCB
MCB
Cash + ST InvestmentsLiquidity on hand
$3.6M
Total DebtLower is stronger
$781.6M
Stockholders' EquityBook value
$-489.9M
$948.3M
Total Assets
$649.4M
$8.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LESL
LESL
MCB
MCB
Q1 26
$3.6M
Q4 25
$64.3M
$393.6M
Q3 25
$385.9M
Q2 25
$42.7M
$152.5M
Q1 25
$17.3M
$196.5M
Q4 24
$11.6M
$200.3M
Q3 24
$108.5M
$318.5M
Q2 24
$74.4M
$244.7M
Total Debt
LESL
LESL
MCB
MCB
Q1 26
$781.6M
Q4 25
$756.6M
Q3 25
Q2 25
$776.6M
Q1 25
$858.1M
Q4 24
$796.6M
Q3 24
$783.7M
Q2 24
$783.7M
Stockholders' Equity
LESL
LESL
MCB
MCB
Q1 26
$-489.9M
$948.3M
Q4 25
$-408.0M
$743.1M
Q3 25
$732.0M
Q2 25
$-246.2M
$723.0M
Q1 25
$-269.5M
$737.8M
Q4 24
$-220.0M
$729.8M
Q3 24
$-177.1M
$715.2M
Q2 24
$-168.2M
$692.4M
Total Assets
LESL
LESL
MCB
MCB
Q1 26
$649.4M
$8.8B
Q4 25
$741.5M
$8.3B
Q3 25
$8.2B
Q2 25
$989.5M
$7.9B
Q1 25
$1.0B
$7.6B
Q4 24
$967.0M
$7.3B
Q3 24
$1.1B
$7.4B
Q2 24
$1.1B
$7.3B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LESL
LESL
MCB
MCB
Q1 26
$-81.1M
Q4 25
$48.2M
$88.7M
Q3 25
$31.8M
Q2 25
$114.9M
$18.4M
Q1 25
$-49.2M
$7.8M
Q4 24
$-105.1M
$148.5M
Q3 24
$47.1M
$4.8M
Q2 24
$175.5M
$35.3M
Free Cash Flow
LESL
LESL
MCB
MCB
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
FCF Margin
LESL
LESL
MCB
MCB
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%
Capex Intensity
LESL
LESL
MCB
MCB
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%
Cash Conversion
LESL
LESL
MCB
MCB
Q1 26
Q4 25
3.07×
Q3 25
4.47×
Q2 25
5.29×
0.98×
Q1 25
0.47×
Q4 24
6.93×
Q3 24
0.39×
Q2 24
2.89×
2.10×

Financial Flow Comparison

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

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