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Side-by-side financial comparison of Leslie's, Inc. (LESL) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $147.1M, roughly 1.0× Leslie's, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -56.4%, a 61.2% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -16.0%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-85.5M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
LESL vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $153.1M |
| Net Profit | $-83.0M | $7.3M |
| Gross Margin | 18.4% | 31.5% |
| Operating Margin | -46.7% | 12.0% |
| Net Margin | -56.4% | 4.8% |
| Revenue YoY | -16.0% | 22.3% |
| Net Profit YoY | -86.2% | 8.5% |
| EPS (diluted) | $-8.92 | $0.62 |
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 | $153.1M | ||
| Q3 25 | — | $138.0M | ||
| Q2 25 | $500.3M | $129.8M | ||
| Q1 25 | $177.1M | $122.8M | ||
| Q4 24 | $175.2M | $125.1M | ||
| Q3 24 | $397.9M | $124.8M | ||
| Q2 24 | $569.6M | $118.8M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $7.3M | ||
| Q3 25 | — | $2.3M | ||
| Q2 25 | $21.7M | $518.0K | ||
| Q1 25 | $-51.3M | $4.8M | ||
| Q4 24 | $-44.6M | $6.8M | ||
| Q3 24 | $-9.9M | $1.3M | ||
| Q2 24 | $60.6M | $6.0M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | 39.6% | 30.9% | ||
| Q1 25 | 24.8% | 33.2% | ||
| Q4 24 | 27.2% | 34.1% | ||
| Q3 24 | 36.0% | 35.8% | ||
| Q2 24 | 40.2% | 35.7% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 12.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | 13.7% | 7.3% | ||
| Q1 25 | -27.3% | 11.5% | ||
| Q4 24 | -22.7% | 12.7% | ||
| Q3 24 | 6.6% | 14.3% | ||
| Q2 24 | 17.2% | 12.5% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 4.8% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | 4.3% | 0.4% | ||
| Q1 25 | -29.0% | 3.9% | ||
| Q4 24 | -25.4% | 5.4% | ||
| Q3 24 | -2.5% | 1.0% | ||
| Q2 24 | 10.6% | 5.1% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $0.62 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | $0.12 | $0.04 | ||
| Q1 25 | $-0.28 | $0.40 | ||
| Q4 24 | $-4.82 | $0.56 | ||
| Q3 24 | $-2.46 | $0.11 | ||
| Q2 24 | $0.33 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | $781.6M | $286.7M |
| Stockholders' EquityBook value | $-489.9M | $-17.3M |
| Total Assets | $649.4M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $21.7M | ||
| Q3 25 | — | $16.0M | ||
| Q2 25 | $42.7M | $17.1M | ||
| Q1 25 | $17.3M | $31.5M | ||
| Q4 24 | $11.6M | $33.5M | ||
| Q3 24 | $108.5M | $14.7M | ||
| Q2 24 | $74.4M | $7.5M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | $776.6M | $310.9M | ||
| Q1 25 | $858.1M | $280.7M | ||
| Q4 24 | $796.6M | $280.4M | ||
| Q3 24 | $783.7M | $280.2M | ||
| Q2 24 | $783.7M | $269.7M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $-17.3M | ||
| Q3 25 | — | $-25.7M | ||
| Q2 25 | $-246.2M | $-29.0M | ||
| Q1 25 | $-269.5M | $-29.7M | ||
| Q4 24 | $-220.0M | $-35.6M | ||
| Q3 24 | $-177.1M | $-42.8M | ||
| Q2 24 | $-168.2M | $-44.6M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $403.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | $989.5M | $399.8M | ||
| Q1 25 | $1.0B | $351.9M | ||
| Q4 24 | $967.0M | $349.7M | ||
| Q3 24 | $1.1B | $342.3M | ||
| Q2 24 | $1.1B | $321.4M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $-85.5M | $35.2M |
| FCF MarginFCF / Revenue | -58.1% | 23.0% |
| Capex IntensityCapex / Revenue | 2.9% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $39.6M | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | $114.9M | $4.3M | ||
| Q1 25 | $-49.2M | $5.6M | ||
| Q4 24 | $-105.1M | $26.7M | ||
| Q3 24 | $47.1M | $12.5M | ||
| Q2 24 | $175.5M | $-4.8M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | $107.1M | $533.0K | ||
| Q1 25 | $-55.8M | $292.0K | ||
| Q4 24 | $-109.8M | $21.6M | ||
| Q3 24 | $34.1M | $11.1M | ||
| Q2 24 | $165.2M | $-6.0M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | 21.4% | 0.4% | ||
| Q1 25 | -31.5% | 0.2% | ||
| Q4 24 | -62.6% | 17.3% | ||
| Q3 24 | 8.6% | 8.9% | ||
| Q2 24 | 29.0% | -5.0% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 1.6% | 2.9% | ||
| Q1 25 | 3.7% | 4.3% | ||
| Q4 24 | 2.7% | 4.0% | ||
| Q3 24 | 3.2% | 1.2% | ||
| Q2 24 | 1.8% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | 5.29× | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | 2.89× | -0.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
