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Side-by-side financial comparison of Leslie's, Inc. (LESL) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $147.1M, roughly 1.7× Leslie's, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs -16.0%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $-85.5M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
LESL vs PLMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $253.4M |
| Net Profit | $-83.0M | — |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | 28.7% |
| Net Margin | -56.4% | — |
| Revenue YoY | -16.0% | 62.7% |
| Net Profit YoY | -86.2% | — |
| EPS (diluted) | $-8.92 | $2.05 |
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.
| Q1 26 | $147.1M | — | ||
| Q4 25 | $389.2M | $253.4M | ||
| Q3 25 | — | $244.7M | ||
| Q2 25 | $500.3M | $203.3M | ||
| Q1 25 | $177.1M | $174.6M | ||
| Q4 24 | $175.2M | $155.8M | ||
| Q3 24 | $397.9M | $148.5M | ||
| Q2 24 | $569.6M | $131.1M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | — | ||
| Q3 25 | — | $51.5M | ||
| Q2 25 | $21.7M | $46.5M | ||
| Q1 25 | $-51.3M | $42.9M | ||
| Q4 24 | $-44.6M | — | ||
| Q3 24 | $-9.9M | $30.5M | ||
| Q2 24 | $60.6M | $25.7M |
| 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% | 28.7% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | 13.7% | 29.5% | ||
| Q1 25 | -27.3% | 30.8% | ||
| Q4 24 | -22.7% | 28.9% | ||
| Q3 24 | 6.6% | 25.9% | ||
| Q2 24 | 17.2% | 25.5% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | — | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | 4.3% | 22.9% | ||
| Q1 25 | -29.0% | 24.6% | ||
| Q4 24 | -25.4% | — | ||
| Q3 24 | -2.5% | 20.5% | ||
| Q2 24 | 10.6% | 19.6% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $2.05 | ||
| Q3 25 | — | $1.87 | ||
| Q2 25 | $0.12 | $1.68 | ||
| Q1 25 | $-0.28 | $1.57 | ||
| Q4 24 | $-4.82 | $1.29 | ||
| Q3 24 | $-2.46 | $1.15 | ||
| Q2 24 | $0.33 | $1.00 |
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 | $106.9M |
| Total DebtLower is stronger | $781.6M | — |
| Stockholders' EquityBook value | $-489.9M | $942.7M |
| Total Assets | $649.4M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $106.9M | ||
| Q3 25 | — | $111.7M | ||
| Q2 25 | $42.7M | $81.3M | ||
| Q1 25 | $17.3M | $119.3M | ||
| Q4 24 | $11.6M | $80.4M | ||
| Q3 24 | $108.5M | $86.5M | ||
| Q2 24 | $74.4M | $47.8M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $776.6M | — | ||
| Q1 25 | $858.1M | — | ||
| Q4 24 | $796.6M | — | ||
| Q3 24 | $783.7M | — | ||
| Q2 24 | $783.7M | — |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $942.7M | ||
| Q3 25 | — | $878.1M | ||
| Q2 25 | $-246.2M | $847.2M | ||
| Q1 25 | $-269.5M | $790.4M | ||
| Q4 24 | $-220.0M | $729.0M | ||
| Q3 24 | $-177.1M | $703.3M | ||
| Q2 24 | $-168.2M | $532.6M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $989.5M | $2.8B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $967.0M | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.0B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | $-85.5M | $409.0M |
| FCF MarginFCF / Revenue | -58.1% | 161.4% |
| Capex IntensityCapex / Revenue | 2.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $409.1M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | $114.9M | $120.9M | ||
| Q1 25 | $-49.2M | $87.2M | ||
| Q4 24 | $-105.1M | $261.2M | ||
| Q3 24 | $47.1M | $100.3M | ||
| Q2 24 | $175.5M | $55.1M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | $107.1M | $120.8M | ||
| Q1 25 | $-55.8M | $87.1M | ||
| Q4 24 | $-109.8M | $260.9M | ||
| Q3 24 | $34.1M | $100.1M | ||
| Q2 24 | $165.2M | — |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | 21.4% | 59.4% | ||
| Q1 25 | -31.5% | 49.9% | ||
| Q4 24 | -62.6% | 167.5% | ||
| Q3 24 | 8.6% | 67.4% | ||
| Q2 24 | 29.0% | — |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 1.6% | 0.0% | ||
| Q1 25 | 3.7% | 0.0% | ||
| Q4 24 | 2.7% | 0.2% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 1.8% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | 5.29× | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | 2.89× | 2.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
