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Side-by-side financial comparison of Leslie's, Inc. (LESL) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.
PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $147.1M, roughly 1.1× Leslie's, Inc.). Leslie's, Inc. runs the higher net margin — -56.4% vs -82.0%, a 25.6% gap on every dollar of revenue. On growth, Leslie's, Inc. posted the faster year-over-year revenue change (-16.0% vs -22.7%). PTC THERAPEUTICS, INC. produced more free cash flow last quarter ($-36.6M vs $-85.5M). Over the past eight quarters, PTC THERAPEUTICS, INC.'s revenue compounded faster (-11.5% 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.
PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.
LESL vs PTCT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $147.1M | $164.7M |
| Net Profit | $-83.0M | $-135.0M |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | -43.3% |
| Net Margin | -56.4% | -82.0% |
| Revenue YoY | -16.0% | -22.7% |
| Net Profit YoY | -86.2% | -104.8% |
| EPS (diluted) | $-8.92 | $-1.63 |
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 | $164.7M | ||
| Q3 25 | — | $211.0M | ||
| Q2 25 | $500.3M | $178.9M | ||
| Q1 25 | $177.1M | $1.2B | ||
| Q4 24 | $175.2M | $213.2M | ||
| Q3 24 | $397.9M | $196.8M | ||
| Q2 24 | $569.6M | $186.7M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $-135.0M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | $21.7M | $-64.8M | ||
| Q1 25 | $-51.3M | $866.6M | ||
| Q4 24 | $-44.6M | $-65.9M | ||
| Q3 24 | $-9.9M | $-106.7M | ||
| Q2 24 | $60.6M | $-99.2M |
| 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% | -43.3% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 13.7% | -19.5% | ||
| Q1 25 | -27.3% | 82.5% | ||
| Q4 24 | -22.7% | -76.2% | ||
| Q3 24 | 6.6% | -27.7% | ||
| Q2 24 | 17.2% | -21.5% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | -82.0% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | 4.3% | -36.3% | ||
| Q1 25 | -29.0% | 73.7% | ||
| Q4 24 | -25.4% | -30.9% | ||
| Q3 24 | -2.5% | -54.2% | ||
| Q2 24 | 10.6% | -53.1% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $-1.63 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | $0.12 | $-0.83 | ||
| Q1 25 | $-0.28 | $10.04 | ||
| Q4 24 | $-4.82 | $-0.85 | ||
| Q3 24 | $-2.46 | $-1.39 | ||
| Q2 24 | $0.33 | $-1.29 |
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 | $1.9B |
| Total DebtLower is stronger | $781.6M | — |
| Stockholders' EquityBook value | $-489.9M | $-205.3M |
| Total Assets | $649.4M | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $1.9B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $42.7M | $2.0B | ||
| Q1 25 | $17.3M | $2.0B | ||
| Q4 24 | $11.6M | $1.1B | ||
| Q3 24 | $108.5M | $1.0B | ||
| Q2 24 | $74.4M | $1.1B |
| 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 | $-205.3M | ||
| Q3 25 | — | $-155.8M | ||
| Q2 25 | $-246.2M | $-206.5M | ||
| Q1 25 | $-269.5M | $-185.8M | ||
| Q4 24 | $-220.0M | $-1.1B | ||
| Q3 24 | $-177.1M | $-1.1B | ||
| Q2 24 | $-168.2M | $-980.2M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $2.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $989.5M | $2.6B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $967.0M | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.9B |
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 | $-34.3M |
| Free Cash FlowOCF − Capex | $-85.5M | $-36.6M |
| FCF MarginFCF / Revenue | -58.1% | -22.3% |
| Capex IntensityCapex / Revenue | 2.9% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $702.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $-34.3M | ||
| Q3 25 | — | $-66.3M | ||
| Q2 25 | $114.9M | $-58.3M | ||
| Q1 25 | $-49.2M | $870.1M | ||
| Q4 24 | $-105.1M | $-30.0M | ||
| Q3 24 | $47.1M | $-77.0M | ||
| Q2 24 | $175.5M | $-71.5M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $-36.6M | ||
| Q3 25 | — | $-69.7M | ||
| Q2 25 | $107.1M | $-59.6M | ||
| Q1 25 | $-55.8M | $868.4M | ||
| Q4 24 | $-109.8M | $-33.8M | ||
| Q3 24 | $34.1M | $-77.5M | ||
| Q2 24 | $165.2M | $-78.8M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | -22.3% | ||
| Q3 25 | — | -33.1% | ||
| Q2 25 | 21.4% | -33.3% | ||
| Q1 25 | -31.5% | 73.8% | ||
| Q4 24 | -62.6% | -15.8% | ||
| Q3 24 | 8.6% | -39.4% | ||
| Q2 24 | 29.0% | -42.2% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 1.4% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 1.6% | 0.7% | ||
| Q1 25 | 3.7% | 0.1% | ||
| Q4 24 | 2.7% | 1.8% | ||
| Q3 24 | 3.2% | 0.3% | ||
| Q2 24 | 1.8% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -4.17× | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.