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Side-by-side financial comparison of Leslie's, Inc. (LESL) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $91.5M, roughly 1.6× Proficient Auto Logistics, Inc). Proficient Auto Logistics, Inc runs the higher net margin — -1.5% vs -56.4%, a 54.9% gap on every dollar of revenue.

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

LESL vs PAL — Head-to-Head

Bigger by revenue
LESL
LESL
1.6× larger
LESL
$147.1M
$91.5M
PAL
Higher net margin
PAL
PAL
54.9% more per $
PAL
-1.5%
-56.4%
LESL

Income Statement — Q1 FY2026 vs Q3 FY2024

Metric
LESL
LESL
PAL
PAL
Revenue
$147.1M
$91.5M
Net Profit
$-83.0M
$-1.4M
Gross Margin
18.4%
Operating Margin
-46.7%
-2.4%
Net Margin
-56.4%
-1.5%
Revenue YoY
-16.0%
Net Profit YoY
-86.2%
EPS (diluted)
$-8.92
$-0.05

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
PAL
PAL
Q1 26
$147.1M
Q4 25
$389.2M
Q2 25
$500.3M
Q1 25
$177.1M
Q4 24
$175.2M
Q3 24
$397.9M
$91.5M
Q2 24
$569.6M
Q1 24
$188.7M
Net Profit
LESL
LESL
PAL
PAL
Q1 26
$-83.0M
Q4 25
$-162.8M
Q2 25
$21.7M
Q1 25
$-51.3M
Q4 24
$-44.6M
Q3 24
$-9.9M
$-1.4M
Q2 24
$60.6M
Q1 24
$-34.6M
Gross Margin
LESL
LESL
PAL
PAL
Q1 26
18.4%
Q4 25
38.6%
Q2 25
39.6%
Q1 25
24.8%
Q4 24
27.2%
Q3 24
36.0%
Q2 24
40.2%
Q1 24
28.8%
Operating Margin
LESL
LESL
PAL
PAL
Q1 26
-46.7%
Q4 25
-38.6%
Q2 25
13.7%
Q1 25
-27.3%
Q4 24
-22.7%
Q3 24
6.6%
-2.4%
Q2 24
17.2%
Q1 24
-16.2%
Net Margin
LESL
LESL
PAL
PAL
Q1 26
-56.4%
Q4 25
-41.8%
Q2 25
4.3%
Q1 25
-29.0%
Q4 24
-25.4%
Q3 24
-2.5%
-1.5%
Q2 24
10.6%
Q1 24
-18.3%
EPS (diluted)
LESL
LESL
PAL
PAL
Q1 26
$-8.92
Q4 25
$-20.59
Q2 25
$0.12
Q1 25
$-0.28
Q4 24
$-4.82
Q3 24
$-2.46
$-0.05
Q2 24
$0.33
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
LESL
LESL
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$3.6M
$16.8M
Total DebtLower is stronger
$781.6M
$64.0M
Stockholders' EquityBook value
$-489.9M
$338.5M
Total Assets
$649.4M
$498.2M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LESL
LESL
PAL
PAL
Q1 26
$3.6M
Q4 25
$64.3M
Q2 25
$42.7M
Q1 25
$17.3M
Q4 24
$11.6M
Q3 24
$108.5M
$16.8M
Q2 24
$74.4M
Q1 24
$8.4M
Total Debt
LESL
LESL
PAL
PAL
Q1 26
$781.6M
Q4 25
$756.6M
Q2 25
$776.6M
Q1 25
$858.1M
Q4 24
$796.6M
Q3 24
$783.7M
$64.0M
Q2 24
$783.7M
Q1 24
$882.7M
Stockholders' Equity
LESL
LESL
PAL
PAL
Q1 26
$-489.9M
Q4 25
$-408.0M
Q2 25
$-246.2M
Q1 25
$-269.5M
Q4 24
$-220.0M
Q3 24
$-177.1M
$338.5M
Q2 24
$-168.2M
Q1 24
$-231.0M
Total Assets
LESL
LESL
PAL
PAL
Q1 26
$649.4M
Q4 25
$741.5M
Q2 25
$989.5M
Q1 25
$1.0B
Q4 24
$967.0M
Q3 24
$1.1B
$498.2M
Q2 24
$1.1B
Q1 24
$1.1B
Debt / Equity
LESL
LESL
PAL
PAL
Q1 26
Q4 25
Q2 25
Q1 25
Q4 24
Q3 24
0.19×
Q2 24
Q1 24

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
PAL
PAL
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
PAL
PAL
Q1 26
$-81.1M
Q4 25
$48.2M
Q2 25
$114.9M
Q1 25
$-49.2M
Q4 24
$-105.1M
Q3 24
$47.1M
Q2 24
$175.5M
Q1 24
$-43.2M
Free Cash Flow
LESL
LESL
PAL
PAL
Q1 26
$-85.5M
Q4 25
$41.8M
Q2 25
$107.1M
Q1 25
$-55.8M
Q4 24
$-109.8M
Q3 24
$34.1M
Q2 24
$165.2M
Q1 24
$-56.5M
FCF Margin
LESL
LESL
PAL
PAL
Q1 26
-58.1%
Q4 25
10.7%
Q2 25
21.4%
Q1 25
-31.5%
Q4 24
-62.6%
Q3 24
8.6%
Q2 24
29.0%
Q1 24
-29.9%
Capex Intensity
LESL
LESL
PAL
PAL
Q1 26
2.9%
Q4 25
1.7%
Q2 25
1.6%
Q1 25
3.7%
Q4 24
2.7%
Q3 24
3.2%
Q2 24
1.8%
Q1 24
7.0%
Cash Conversion
LESL
LESL
PAL
PAL
Q1 26
Q4 25
Q2 25
5.29×
Q1 25
Q4 24
Q3 24
Q2 24
2.89×
Q1 24

Financial Flow Comparison

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

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