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Side-by-side financial comparison of Leslie's, Inc. (LESL) and PAMT CORP (PAMT). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $141.3M, roughly 1.0× PAMT CORP). PAMT CORP runs the higher net margin — -20.7% vs -56.4%, a 35.7% gap on every dollar of revenue. On growth, PAMT CORP posted the faster year-over-year revenue change (-15.1% vs -16.0%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-85.5M). Over the past eight quarters, Leslie's, Inc.'s revenue compounded faster (-11.7% CAGR vs -12.0%).
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.
LESL vs PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $141.3M |
| Net Profit | $-83.0M | $-29.3M |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | -27.0% |
| Net Margin | -56.4% | -20.7% |
| Revenue YoY | -16.0% | -15.1% |
| Net Profit YoY | -86.2% | 7.4% |
| EPS (diluted) | $-8.92 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | — | $150.3M | ||
| Q2 25 | $500.3M | $151.1M | ||
| Q1 25 | $177.1M | $155.3M | ||
| Q4 24 | $175.2M | $166.5M | ||
| Q3 24 | $397.9M | $182.6M | ||
| Q2 24 | $569.6M | $182.9M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $-29.3M | ||
| Q3 25 | — | $-5.6M | ||
| Q2 25 | $21.7M | $-9.6M | ||
| Q1 25 | $-51.3M | $-8.1M | ||
| Q4 24 | $-44.6M | $-31.6M | ||
| Q3 24 | $-9.9M | $2.4M | ||
| Q2 24 | $60.6M | $-2.9M |
| 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% | — |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | -27.0% | ||
| Q3 25 | — | -3.8% | ||
| Q2 25 | 13.7% | -7.3% | ||
| Q1 25 | -27.3% | -5.9% | ||
| Q4 24 | -22.7% | -22.6% | ||
| Q3 24 | 6.6% | 1.3% | ||
| Q2 24 | 17.2% | -0.4% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | -20.7% | ||
| Q3 25 | — | -3.7% | ||
| Q2 25 | 4.3% | -6.4% | ||
| Q1 25 | -29.0% | -5.2% | ||
| Q4 24 | -25.4% | -19.0% | ||
| Q3 24 | -2.5% | 1.3% | ||
| Q2 24 | 10.6% | -1.6% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $-1.38 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | $0.12 | $-0.46 | ||
| Q1 25 | $-0.28 | $-0.37 | ||
| Q4 24 | $-4.82 | $-1.44 | ||
| Q3 24 | $-2.46 | $0.11 | ||
| Q2 24 | $0.33 | $-0.13 |
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 | $83.7M |
| Total DebtLower is stronger | $781.6M | $333.9M |
| Stockholders' EquityBook value | $-489.9M | $210.5M |
| Total Assets | $649.4M | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $83.7M | ||
| Q3 25 | — | $115.6M | ||
| Q2 25 | $42.7M | $117.3M | ||
| Q1 25 | $17.3M | $102.7M | ||
| Q4 24 | $11.6M | $110.7M | ||
| Q3 24 | $108.5M | $92.3M | ||
| Q2 24 | $74.4M | $114.0M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | $776.6M | — | ||
| Q1 25 | $858.1M | — | ||
| Q4 24 | $796.6M | $325.6M | ||
| Q3 24 | $783.7M | — | ||
| Q2 24 | $783.7M | — |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $210.5M | ||
| Q3 25 | — | $239.5M | ||
| Q2 25 | $-246.2M | $244.9M | ||
| Q1 25 | $-269.5M | $269.6M | ||
| Q4 24 | $-220.0M | $277.5M | ||
| Q3 24 | $-177.1M | $308.9M | ||
| Q2 24 | $-168.2M | $306.7M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $697.9M | ||
| Q3 25 | — | $715.2M | ||
| Q2 25 | $989.5M | $707.9M | ||
| Q1 25 | $1.0B | $712.6M | ||
| Q4 24 | $967.0M | $741.7M | ||
| Q3 24 | $1.1B | $756.7M | ||
| Q2 24 | $1.1B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-85.5M | $-25.0M |
| FCF MarginFCF / Revenue | -58.1% | -17.7% |
| Capex IntensityCapex / Revenue | 2.9% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $-5.8M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | $114.9M | $12.2M | ||
| Q1 25 | $-49.2M | $5.0M | ||
| Q4 24 | $-105.1M | $15.2M | ||
| Q3 24 | $47.1M | $15.5M | ||
| Q2 24 | $175.5M | $18.7M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | $107.1M | $5.9M | ||
| Q1 25 | $-55.8M | $-6.8M | ||
| Q4 24 | $-109.8M | $-39.9M | ||
| Q3 24 | $34.1M | $-33.6M | ||
| Q2 24 | $165.2M | $4.1M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | 21.4% | 3.9% | ||
| Q1 25 | -31.5% | -4.4% | ||
| Q4 24 | -62.6% | -24.0% | ||
| Q3 24 | 8.6% | -18.4% | ||
| Q2 24 | 29.0% | 2.2% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 1.6% | 4.2% | ||
| Q1 25 | 3.7% | 7.6% | ||
| Q4 24 | 2.7% | 33.1% | ||
| Q3 24 | 3.2% | 26.9% | ||
| Q2 24 | 1.8% | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| 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.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
