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Side-by-side financial comparison of Leslie's, Inc. (LESL) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $121.0M, roughly 1.2× Ramaco Resources, Inc.). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -56.4%, a 45.4% gap on every dollar of revenue. On growth, Leslie's, Inc. posted the faster year-over-year revenue change (-16.0% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-85.5M). Over the past eight quarters, Leslie's, Inc.'s revenue compounded faster (-11.7% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
LESL vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $121.0M |
| Net Profit | $-83.0M | $-13.3M |
| Gross Margin | 18.4% | 15.8% |
| Operating Margin | -46.7% | -12.0% |
| Net Margin | -56.4% | -11.0% |
| Revenue YoY | -16.0% | -27.7% |
| Net Profit YoY | -86.2% | -5468.2% |
| 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.
| Q1 26 | $147.1M | — | ||
| Q4 25 | $389.2M | — | ||
| Q3 25 | — | $121.0M | ||
| Q2 25 | $500.3M | $153.0M | ||
| Q1 25 | $177.1M | $134.7M | ||
| Q4 24 | $175.2M | $170.9M | ||
| Q3 24 | $397.9M | $167.4M | ||
| Q2 24 | $569.6M | $155.3M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | — | ||
| Q3 25 | — | $-13.3M | ||
| Q2 25 | $21.7M | $-14.0M | ||
| Q1 25 | $-51.3M | $-9.5M | ||
| Q4 24 | $-44.6M | $3.9M | ||
| Q3 24 | $-9.9M | $-239.0K | ||
| Q2 24 | $60.6M | $5.5M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | 39.6% | 12.3% | ||
| Q1 25 | 24.8% | 15.2% | ||
| Q4 24 | 27.2% | 20.4% | ||
| Q3 24 | 36.0% | 19.5% | ||
| Q2 24 | 40.2% | 21.0% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | — | ||
| Q3 25 | — | -12.0% | ||
| Q2 25 | 13.7% | -9.1% | ||
| Q1 25 | -27.3% | -8.9% | ||
| Q4 24 | -22.7% | 3.7% | ||
| Q3 24 | 6.6% | 1.0% | ||
| Q2 24 | 17.2% | 3.5% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | — | ||
| Q3 25 | — | -11.0% | ||
| Q2 25 | 4.3% | -9.1% | ||
| Q1 25 | -29.0% | -7.0% | ||
| Q4 24 | -25.4% | 2.3% | ||
| Q3 24 | -2.5% | -0.1% | ||
| Q2 24 | 10.6% | 3.6% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $-0.28 | — | ||
| Q4 24 | $-4.82 | $0.06 | ||
| Q3 24 | $-2.46 | $-0.03 | ||
| Q2 24 | $0.33 | $0.08 |
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 | $193.8M |
| Total DebtLower is stronger | $781.6M | $116.3M |
| Stockholders' EquityBook value | $-489.9M | $526.9M |
| Total Assets | $649.4M | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | — | ||
| Q3 25 | — | $193.8M | ||
| Q2 25 | $42.7M | $28.1M | ||
| Q1 25 | $17.3M | $43.5M | ||
| Q4 24 | $11.6M | $33.0M | ||
| Q3 24 | $108.5M | $22.9M | ||
| Q2 24 | $74.4M | $27.6M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | $776.6M | — | ||
| Q1 25 | $858.1M | — | ||
| Q4 24 | $796.6M | $88.2M | ||
| Q3 24 | $783.7M | — | ||
| Q2 24 | $783.7M | — |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | — | ||
| Q3 25 | — | $526.9M | ||
| Q2 25 | $-246.2M | $347.4M | ||
| Q1 25 | $-269.5M | $355.2M | ||
| Q4 24 | $-220.0M | $362.8M | ||
| Q3 24 | $-177.1M | $361.8M | ||
| Q2 24 | $-168.2M | $366.1M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | — | ||
| Q3 25 | — | $849.7M | ||
| Q2 25 | $989.5M | $674.6M | ||
| Q1 25 | $1.0B | $685.7M | ||
| Q4 24 | $967.0M | $674.7M | ||
| Q3 24 | $1.1B | $645.4M | ||
| Q2 24 | $1.1B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-81.1M | $-1.4M |
| Free Cash FlowOCF − Capex | $-85.5M | $-17.5M |
| FCF MarginFCF / Revenue | -58.1% | -14.5% |
| Capex IntensityCapex / Revenue | 2.9% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | — | ||
| Q3 25 | — | $-1.4M | ||
| Q2 25 | $114.9M | $-4.3M | ||
| Q1 25 | $-49.2M | $26.0M | ||
| Q4 24 | $-105.1M | $15.7M | ||
| Q3 24 | $47.1M | $37.4M | ||
| Q2 24 | $175.5M | $34.4M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | $107.1M | $-19.8M | ||
| Q1 25 | $-55.8M | $7.6M | ||
| Q4 24 | $-109.8M | $5.1M | ||
| Q3 24 | $34.1M | $25.6M | ||
| Q2 24 | $165.2M | $20.3M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | 21.4% | -13.0% | ||
| Q1 25 | -31.5% | 5.6% | ||
| Q4 24 | -62.6% | 3.0% | ||
| Q3 24 | 8.6% | 15.3% | ||
| Q2 24 | 29.0% | 13.1% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | 1.6% | 10.2% | ||
| Q1 25 | 3.7% | 13.7% | ||
| Q4 24 | 2.7% | 6.2% | ||
| Q3 24 | 3.2% | 7.0% | ||
| Q2 24 | 1.8% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.89× | 6.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
