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Side-by-side financial comparison of Leslie's, Inc. (LESL) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $147.1M, roughly 1.0× Leslie's, Inc.). OPKO HEALTH, INC. runs the higher net margin — -21.1% vs -56.4%, a 35.3% gap on every dollar of revenue. On growth, Leslie's, Inc. posted the faster year-over-year revenue change (-16.0% vs -19.2%). OPKO HEALTH, INC. produced more free cash flow last quarter ($-28.6M vs $-85.5M). Over the past eight quarters, OPKO HEALTH, INC.'s revenue compounded faster (-7.5% 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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
LESL vs OPK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $148.5M |
| Net Profit | $-83.0M | $-31.3M |
| Gross Margin | 18.4% | 43.1% |
| Operating Margin | -46.7% | -25.8% |
| Net Margin | -56.4% | -21.1% |
| Revenue YoY | -16.0% | -19.2% |
| Net Profit YoY | -86.2% | -322.8% |
| EPS (diluted) | $-8.92 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | — | $151.7M | ||
| Q2 25 | $500.3M | $156.8M | ||
| Q1 25 | $177.1M | $150.0M | ||
| Q4 24 | $175.2M | $183.6M | ||
| Q3 24 | $397.9M | $173.6M | ||
| Q2 24 | $569.6M | $182.2M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $-31.3M | ||
| Q3 25 | — | $21.6M | ||
| Q2 25 | $21.7M | $-148.4M | ||
| Q1 25 | $-51.3M | $-67.6M | ||
| Q4 24 | $-44.6M | $14.0M | ||
| Q3 24 | $-9.9M | $24.9M | ||
| Q2 24 | $60.6M | $-10.3M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 43.1% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | 39.6% | 31.5% | ||
| Q1 25 | 24.8% | 28.4% | ||
| Q4 24 | 27.2% | 46.1% | ||
| Q3 24 | 36.0% | 23.1% | ||
| Q2 24 | 40.2% | 28.4% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | -25.8% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | 13.7% | -38.3% | ||
| Q1 25 | -27.3% | -44.8% | ||
| Q4 24 | -22.7% | -18.0% | ||
| Q3 24 | 6.6% | 8.2% | ||
| Q2 24 | 17.2% | -33.9% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | -21.1% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | 4.3% | -94.7% | ||
| Q1 25 | -29.0% | -45.1% | ||
| Q4 24 | -25.4% | 7.6% | ||
| Q3 24 | -2.5% | 14.3% | ||
| Q2 24 | 10.6% | -5.7% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $-0.04 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | $0.12 | $-0.19 | ||
| Q1 25 | $-0.28 | $-0.10 | ||
| Q4 24 | $-4.82 | $0.02 | ||
| Q3 24 | $-2.46 | $0.03 | ||
| Q2 24 | $0.33 | $-0.01 |
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 | $364.4M |
| Total DebtLower is stronger | $781.6M | $344.0M |
| Stockholders' EquityBook value | $-489.9M | $1.3B |
| Total Assets | $649.4M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $364.4M | ||
| Q3 25 | — | $412.0M | ||
| Q2 25 | $42.7M | $267.3M | ||
| Q1 25 | $17.3M | $428.8M | ||
| Q4 24 | $11.6M | $426.6M | ||
| Q3 24 | $108.5M | $400.1M | ||
| Q2 24 | $74.4M | $40.6M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $344.0M | ||
| Q3 25 | — | $344.2M | ||
| Q2 25 | $776.6M | $343.3M | ||
| Q1 25 | $858.1M | $439.2M | ||
| Q4 24 | $796.6M | $437.2M | ||
| Q3 24 | $783.7M | $441.0M | ||
| Q2 24 | $783.7M | $201.9M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $-246.2M | $1.3B | ||
| Q1 25 | $-269.5M | $1.3B | ||
| Q4 24 | $-220.0M | $1.4B | ||
| Q3 24 | $-177.1M | $1.4B | ||
| Q2 24 | $-168.2M | $1.4B |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $1.9B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $989.5M | $2.0B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $967.0M | $2.2B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-85.5M | $-28.6M |
| FCF MarginFCF / Revenue | -58.1% | -19.3% |
| Capex IntensityCapex / Revenue | 2.9% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $-25.9M | ||
| Q3 25 | — | $-34.6M | ||
| Q2 25 | $114.9M | $-83.4M | ||
| Q1 25 | $-49.2M | $-34.6M | ||
| Q4 24 | $-105.1M | $-44.4M | ||
| Q3 24 | $47.1M | $-77.1M | ||
| Q2 24 | $175.5M | $-26.4M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $-28.6M | ||
| Q3 25 | — | $-37.8M | ||
| Q2 25 | $107.1M | $-86.7M | ||
| Q1 25 | $-55.8M | $-37.7M | ||
| Q4 24 | $-109.8M | $-49.8M | ||
| Q3 24 | $34.1M | $-85.0M | ||
| Q2 24 | $165.2M | $-33.7M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | -19.3% | ||
| Q3 25 | — | -24.9% | ||
| Q2 25 | 21.4% | -55.3% | ||
| Q1 25 | -31.5% | -25.2% | ||
| Q4 24 | -62.6% | -27.1% | ||
| Q3 24 | 8.6% | -49.0% | ||
| Q2 24 | 29.0% | -18.5% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 1.8% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 3.7% | 2.1% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 3.2% | 4.6% | ||
| Q2 24 | 1.8% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -1.60× | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| Q2 24 | 2.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
