vs
Side-by-side financial comparison of Leslie's, Inc. (LESL) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $143.3M, roughly 1.0× Piedmont Realty Trust, Inc.). Piedmont Realty Trust, Inc. runs the higher net margin — -31.4% vs -56.4%, a 25.0% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -16.0%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
LESL vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $143.3M |
| Net Profit | $-83.0M | $-45.0M |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | — |
| Net Margin | -56.4% | -31.4% |
| Revenue YoY | -16.0% | 0.4% |
| Net Profit YoY | -86.2% | -27.9% |
| EPS (diluted) | $-8.92 | $-0.10 |
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 | $143.3M | ||
| Q4 25 | $389.2M | $142.9M | ||
| Q3 25 | — | $139.2M | ||
| Q2 25 | $500.3M | $140.3M | ||
| Q1 25 | $177.1M | $142.7M | ||
| Q4 24 | $175.2M | $143.2M | ||
| Q3 24 | $397.9M | $139.3M | ||
| Q2 24 | $569.6M | $143.3M |
| Q1 26 | $-83.0M | $-45.0M | ||
| Q4 25 | $-162.8M | $-43.2M | ||
| Q3 25 | — | $-13.5M | ||
| Q2 25 | $21.7M | $-16.8M | ||
| Q1 25 | $-51.3M | $-10.1M | ||
| Q4 24 | $-44.6M | $-30.0M | ||
| Q3 24 | $-9.9M | $-11.5M | ||
| Q2 24 | $60.6M | $-9.8M |
| 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% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | -27.3% | — | ||
| Q4 24 | -22.7% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 17.2% | — |
| Q1 26 | -56.4% | -31.4% | ||
| Q4 25 | -41.8% | -30.3% | ||
| Q3 25 | — | -9.7% | ||
| Q2 25 | 4.3% | -12.0% | ||
| Q1 25 | -29.0% | -7.1% | ||
| Q4 24 | -25.4% | -20.9% | ||
| Q3 24 | -2.5% | -8.3% | ||
| Q2 24 | 10.6% | -6.8% |
| Q1 26 | $-8.92 | $-0.10 | ||
| Q4 25 | $-20.59 | $-0.34 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | $0.12 | $-0.14 | ||
| Q1 25 | $-0.28 | $-0.08 | ||
| Q4 24 | $-4.82 | $-0.25 | ||
| Q3 24 | $-2.46 | $-0.09 | ||
| 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 | $2.3M |
| Total DebtLower is stronger | $781.6M | — |
| Stockholders' EquityBook value | $-489.9M | $1.5B |
| Total Assets | $649.4M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | $2.3M | ||
| Q4 25 | $64.3M | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | $42.7M | $3.3M | ||
| Q1 25 | $17.3M | $2.9M | ||
| Q4 24 | $11.6M | $109.6M | ||
| Q3 24 | $108.5M | $133.6M | ||
| Q2 24 | $74.4M | $138.5M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $776.6M | $2.2B | ||
| Q1 25 | $858.1M | $2.2B | ||
| Q4 24 | $796.6M | $2.2B | ||
| Q3 24 | $783.7M | $2.2B | ||
| Q2 24 | $783.7M | $2.2B |
| Q1 26 | $-489.9M | $1.5B | ||
| Q4 25 | $-408.0M | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $-246.2M | $1.5B | ||
| Q1 25 | $-269.5M | $1.6B | ||
| Q4 24 | $-220.0M | $1.6B | ||
| Q3 24 | $-177.1M | $1.6B | ||
| Q2 24 | $-168.2M | $1.7B |
| Q1 26 | $649.4M | $4.0B | ||
| Q4 25 | $741.5M | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $989.5M | $4.0B | ||
| Q1 25 | $1.0B | $4.0B | ||
| Q4 24 | $967.0M | $4.1B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.1B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $-85.5M | — |
| FCF MarginFCF / Revenue | -58.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | 110.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $140.6M | ||
| Q3 25 | — | $35.8M | ||
| Q2 25 | $114.9M | $50.1M | ||
| Q1 25 | $-49.2M | $3.7M | ||
| Q4 24 | $-105.1M | $198.1M | ||
| Q3 24 | $47.1M | $42.9M | ||
| Q2 24 | $175.5M | $66.8M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $107.1M | — | ||
| Q1 25 | $-55.8M | — | ||
| Q4 24 | $-109.8M | — | ||
| Q3 24 | $34.1M | — | ||
| Q2 24 | $165.2M | — |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 21.4% | — | ||
| Q1 25 | -31.5% | — | ||
| Q4 24 | -62.6% | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | 29.0% | — |
| Q1 26 | 2.9% | 110.3% | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 1.8% | — |
| 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.
