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Side-by-side financial comparison of Leslie's, Inc. (LESL) and METHODE ELECTRONICS INC (MEI). Click either name above to swap in a different company.
METHODE ELECTRONICS INC is the larger business by last-quarter revenue ($246.9M vs $147.1M, roughly 1.7× Leslie's, Inc.). METHODE ELECTRONICS INC runs the higher net margin — -4.0% vs -56.4%, a 52.4% gap on every dollar of revenue. On growth, METHODE ELECTRONICS INC posted the faster year-over-year revenue change (-15.6% vs -16.0%). METHODE ELECTRONICS INC produced more free cash flow last quarter ($-11.6M vs $-85.5M). Over the past eight quarters, METHODE ELECTRONICS INC'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.
Methode Electronics is an American multinational company headquartered in Chicago, Illinois, with engineering, manufacturing and sales operations in more than 35 locations in 14 countries. The company employs around 6,500 people worldwide.
LESL vs MEI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $246.9M |
| Net Profit | $-83.0M | $-9.9M |
| Gross Margin | 18.4% | 19.3% |
| Operating Margin | -46.7% | 1.2% |
| Net Margin | -56.4% | -4.0% |
| Revenue YoY | -16.0% | -15.6% |
| Net Profit YoY | -86.2% | -518.8% |
| EPS (diluted) | $-8.92 | $-0.28 |
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 | $246.9M | ||
| Q3 25 | — | $240.5M | ||
| Q2 25 | $500.3M | $257.1M | ||
| Q1 25 | $177.1M | $239.9M | ||
| Q4 24 | $175.2M | $292.6M | ||
| Q3 24 | $397.9M | $258.5M | ||
| Q2 24 | $569.6M | $277.3M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $-9.9M | ||
| Q3 25 | — | $-10.3M | ||
| Q2 25 | $21.7M | $-28.3M | ||
| Q1 25 | $-51.3M | $-14.4M | ||
| Q4 24 | $-44.6M | $-1.6M | ||
| Q3 24 | $-9.9M | $-18.3M | ||
| Q2 24 | $60.6M | $-57.3M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 19.3% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 39.6% | 7.6% | ||
| Q1 25 | 24.8% | 17.2% | ||
| Q4 24 | 27.2% | 19.8% | ||
| Q3 24 | 36.0% | 17.3% | ||
| Q2 24 | 40.2% | 12.8% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 1.2% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 13.7% | -9.2% | ||
| Q1 25 | -27.3% | -0.9% | ||
| Q4 24 | -22.7% | 3.2% | ||
| Q3 24 | 6.6% | -2.9% | ||
| Q2 24 | 17.2% | -22.2% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | -4.0% | ||
| Q3 25 | — | -4.3% | ||
| Q2 25 | 4.3% | -11.0% | ||
| Q1 25 | -29.0% | -6.0% | ||
| Q4 24 | -25.4% | -0.5% | ||
| Q3 24 | -2.5% | -7.1% | ||
| Q2 24 | 10.6% | -20.7% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $-0.28 | ||
| Q3 25 | — | $-0.29 | ||
| Q2 25 | $0.12 | $-0.79 | ||
| Q1 25 | $-0.28 | $-0.41 | ||
| Q4 24 | $-4.82 | $-0.05 | ||
| Q3 24 | $-2.46 | $-0.52 | ||
| Q2 24 | $0.33 | $-1.62 |
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 | $118.5M |
| Total DebtLower is stronger | $781.6M | $332.5M |
| Stockholders' EquityBook value | $-489.9M | $679.3M |
| Total Assets | $649.4M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $118.5M | ||
| Q3 25 | — | $121.1M | ||
| Q2 25 | $42.7M | $103.6M | ||
| Q1 25 | $17.3M | $103.8M | ||
| Q4 24 | $11.6M | $97.0M | ||
| Q3 24 | $108.5M | $111.3M | ||
| Q2 24 | $74.4M | $161.5M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $332.5M | ||
| Q3 25 | — | $323.4M | ||
| Q2 25 | $776.6M | $317.6M | ||
| Q1 25 | $858.1M | $327.9M | ||
| Q4 24 | $796.6M | $340.6M | ||
| Q3 24 | $783.7M | $296.0M | ||
| Q2 24 | $783.7M | $330.9M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $679.3M | ||
| Q3 25 | — | $688.1M | ||
| Q2 25 | $-246.2M | $693.3M | ||
| Q1 25 | $-269.5M | $704.3M | ||
| Q4 24 | $-220.0M | $738.3M | ||
| Q3 24 | $-177.1M | $744.4M | ||
| Q2 24 | $-168.2M | $766.0M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $989.5M | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $967.0M | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.43× |
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 | $-7.4M |
| Free Cash FlowOCF − Capex | $-85.5M | $-11.6M |
| FCF MarginFCF / Revenue | -58.1% | -4.7% |
| Capex IntensityCapex / Revenue | 2.9% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $52.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $-7.4M | ||
| Q3 25 | — | $25.1M | ||
| Q2 25 | $114.9M | $35.4M | ||
| Q1 25 | $-49.2M | $28.1M | ||
| Q4 24 | $-105.1M | $-48.0M | ||
| Q3 24 | $47.1M | $10.9M | ||
| Q2 24 | $175.5M | $24.9M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $-11.6M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $107.1M | $26.3M | ||
| Q1 25 | $-55.8M | $19.6M | ||
| Q4 24 | $-109.8M | $-58.4M | ||
| Q3 24 | $34.1M | $-2.7M | ||
| Q2 24 | $165.2M | $15.8M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | -4.7% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | 21.4% | 10.2% | ||
| Q1 25 | -31.5% | 8.2% | ||
| Q4 24 | -62.6% | -20.0% | ||
| Q3 24 | 8.6% | -1.0% | ||
| Q2 24 | 29.0% | 5.7% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 1.7% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | 1.6% | 3.5% | ||
| Q1 25 | 3.7% | 3.5% | ||
| Q4 24 | 2.7% | 3.6% | ||
| Q3 24 | 3.2% | 5.3% | ||
| Q2 24 | 1.8% | 3.3% |
| 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.
