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Side-by-side financial comparison of Leslie's, Inc. (LESL) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $147.1M, roughly 1.1× Leslie's, Inc.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -56.4%, a 81.7% gap on every dollar of revenue. On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% vs -16.0%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-85.5M). Over the past eight quarters, PARK NATIONAL CORP's revenue compounded faster (4.9% 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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
LESL vs PRK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $168.3M |
| Net Profit | $-83.0M | $42.6M |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | — |
| Net Margin | -56.4% | 25.3% |
| Revenue YoY | -16.0% | 2.2% |
| Net Profit YoY | -86.2% | 10.4% |
| EPS (diluted) | $-8.92 | $2.62 |
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 | $168.3M | ||
| Q3 25 | — | $169.5M | ||
| Q2 25 | $500.3M | $168.7M | ||
| Q1 25 | $177.1M | $157.9M | ||
| Q4 24 | $175.2M | $164.7M | ||
| Q3 24 | $397.9M | $170.3M | ||
| Q2 24 | $569.6M | $157.7M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $42.6M | ||
| Q3 25 | — | $47.2M | ||
| Q2 25 | $21.7M | $48.1M | ||
| Q1 25 | $-51.3M | $42.2M | ||
| Q4 24 | $-44.6M | $38.6M | ||
| Q3 24 | $-9.9M | $38.2M | ||
| Q2 24 | $60.6M | $39.4M |
| 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% | — | ||
| Q3 25 | — | 34.3% | ||
| Q2 25 | 13.7% | 35.2% | ||
| Q1 25 | -27.3% | 32.4% | ||
| Q4 24 | -22.7% | — | ||
| Q3 24 | 6.6% | 27.4% | ||
| Q2 24 | 17.2% | 30.6% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 25.3% | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | 4.3% | 28.5% | ||
| Q1 25 | -29.0% | 26.7% | ||
| Q4 24 | -25.4% | 23.5% | ||
| Q3 24 | -2.5% | 22.4% | ||
| Q2 24 | 10.6% | 25.0% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $2.62 | ||
| Q3 25 | — | $2.92 | ||
| Q2 25 | $0.12 | $2.97 | ||
| Q1 25 | $-0.28 | $2.60 | ||
| Q4 24 | $-4.82 | $2.38 | ||
| Q3 24 | $-2.46 | $2.35 | ||
| Q2 24 | $0.33 | $2.42 |
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 | $233.5M |
| Total DebtLower is stronger | $781.6M | — |
| Stockholders' EquityBook value | $-489.9M | $1.4B |
| Total Assets | $649.4M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $233.5M | ||
| Q3 25 | — | $218.9M | ||
| Q2 25 | $42.7M | $193.1M | ||
| Q1 25 | $17.3M | $237.6M | ||
| Q4 24 | $11.6M | $160.6M | ||
| Q3 24 | $108.5M | $201.7M | ||
| Q2 24 | $74.4M | $261.5M |
| 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 | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $-246.2M | $1.3B | ||
| Q1 25 | $-269.5M | $1.3B | ||
| Q4 24 | $-220.0M | $1.2B | ||
| Q3 24 | $-177.1M | $1.2B | ||
| Q2 24 | $-168.2M | $1.2B |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $9.8B | ||
| Q3 25 | — | $9.9B | ||
| Q2 25 | $989.5M | $9.9B | ||
| Q1 25 | $1.0B | $9.9B | ||
| Q4 24 | $967.0M | $9.8B | ||
| Q3 24 | $1.1B | $9.9B | ||
| Q2 24 | $1.1B | $9.9B |
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 | $198.3M |
| Free Cash FlowOCF − Capex | $-85.5M | $191.9M |
| FCF MarginFCF / Revenue | -58.1% | 114.1% |
| Capex IntensityCapex / Revenue | 2.9% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $198.3M | ||
| Q3 25 | — | $52.6M | ||
| Q2 25 | $114.9M | $49.7M | ||
| Q1 25 | $-49.2M | $37.9M | ||
| Q4 24 | $-105.1M | $178.8M | ||
| Q3 24 | $47.1M | $43.8M | ||
| Q2 24 | $175.5M | $50.9M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $191.9M | ||
| Q3 25 | — | $51.1M | ||
| Q2 25 | $107.1M | $48.4M | ||
| Q1 25 | $-55.8M | $36.8M | ||
| Q4 24 | $-109.8M | $169.7M | ||
| Q3 24 | $34.1M | $41.7M | ||
| Q2 24 | $165.2M | $49.0M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 114.1% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | 21.4% | 28.7% | ||
| Q1 25 | -31.5% | 23.3% | ||
| Q4 24 | -62.6% | 103.0% | ||
| Q3 24 | 8.6% | 24.5% | ||
| Q2 24 | 29.0% | 31.1% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 3.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | 1.6% | 0.8% | ||
| Q1 25 | 3.7% | 0.7% | ||
| Q4 24 | 2.7% | 5.6% | ||
| Q3 24 | 3.2% | 1.2% | ||
| Q2 24 | 1.8% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.65× | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | 5.29× | 1.03× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | 2.89× | 1.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
