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Side-by-side financial comparison of Leslie's, Inc. (LESL) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $93.6M, roughly 1.6× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -56.4%, a 112.4% gap on every dollar of revenue. On growth, PennyMac Mortgage Investment Trust posted the faster year-over-year revenue change (-13.3% vs -16.0%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
LESL vs PMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $93.6M |
| Net Profit | $-83.0M | $52.4M |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | 38.6% |
| Net Margin | -56.4% | 56.0% |
| Revenue YoY | -16.0% | -13.3% |
| Net Profit YoY | -86.2% | 12.5% |
| EPS (diluted) | $-8.92 | $0.49 |
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 | $93.6M | ||
| Q3 25 | — | $99.2M | ||
| Q2 25 | $500.3M | $70.2M | ||
| Q1 25 | $177.1M | $44.5M | ||
| Q4 24 | $175.2M | $107.9M | ||
| Q3 24 | $397.9M | $80.9M | ||
| Q2 24 | $569.6M | $71.2M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $52.4M | ||
| Q3 25 | — | $58.3M | ||
| Q2 25 | $21.7M | $7.5M | ||
| Q1 25 | $-51.3M | $9.7M | ||
| Q4 24 | $-44.6M | $46.5M | ||
| Q3 24 | $-9.9M | $41.4M | ||
| Q2 24 | $60.6M | $25.4M |
| 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% | 38.6% | ||
| Q3 25 | — | 47.4% | ||
| Q2 25 | 13.7% | 24.2% | ||
| Q1 25 | -27.3% | -14.2% | ||
| Q4 24 | -22.7% | 51.1% | ||
| Q3 24 | 6.6% | 32.8% | ||
| Q2 24 | 17.2% | 40.2% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 56.0% | ||
| Q3 25 | — | 58.7% | ||
| Q2 25 | 4.3% | 10.7% | ||
| Q1 25 | -29.0% | 21.8% | ||
| Q4 24 | -25.4% | 43.1% | ||
| Q3 24 | -2.5% | 51.2% | ||
| Q2 24 | 10.6% | 35.7% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $0.49 | ||
| Q3 25 | — | $0.55 | ||
| Q2 25 | $0.12 | $-0.04 | ||
| Q1 25 | $-0.28 | $-0.01 | ||
| Q4 24 | $-4.82 | $0.45 | ||
| Q3 24 | $-2.46 | $0.36 | ||
| Q2 24 | $0.33 | $0.17 |
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 | $190.5M |
| Total DebtLower is stronger | $781.6M | $1.1B |
| Stockholders' EquityBook value | $-489.9M | $1.9B |
| Total Assets | $649.4M | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $190.5M | ||
| Q3 25 | — | $181.0M | ||
| Q2 25 | $42.7M | $108.6M | ||
| Q1 25 | $17.3M | $204.2M | ||
| Q4 24 | $11.6M | $103.2M | ||
| Q3 24 | $108.5M | $102.8M | ||
| Q2 24 | $74.4M | $336.3M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | $776.6M | $1.2B | ||
| Q1 25 | $858.1M | $968.4M | ||
| Q4 24 | $796.6M | $1.0B | ||
| Q3 24 | $783.7M | $5.2B | ||
| Q2 24 | $783.7M | $5.4B |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $-246.2M | $1.9B | ||
| Q1 25 | $-269.5M | $1.9B | ||
| Q4 24 | $-220.0M | $1.9B | ||
| Q3 24 | $-177.1M | $1.9B | ||
| Q2 24 | $-168.2M | $1.9B |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $21.3B | ||
| Q3 25 | — | $18.5B | ||
| Q2 25 | $989.5M | $16.8B | ||
| Q1 25 | $1.0B | $14.9B | ||
| Q4 24 | $967.0M | $14.4B | ||
| Q3 24 | $1.1B | $13.1B | ||
| Q2 24 | $1.1B | $12.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $-85.5M | — |
| FCF MarginFCF / Revenue | -58.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $-7.2B | ||
| Q3 25 | — | $-1.3B | ||
| Q2 25 | $114.9M | $-2.0B | ||
| Q1 25 | $-49.2M | $-594.3M | ||
| Q4 24 | $-105.1M | $-2.7B | ||
| Q3 24 | $47.1M | $-983.8M | ||
| Q2 24 | $175.5M | $243.8M |
| 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% | — | ||
| 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 | — | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | 5.29× | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | — | -23.76× | ||
| Q2 24 | 2.89× | 9.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
