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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

Bigger by revenue
PTCT
PTCT
1.1× larger
PTCT
$164.7M
$147.1M
LESL
Growing faster (revenue YoY)
LESL
LESL
+6.7% gap
LESL
-16.0%
-22.7%
PTCT
Higher net margin
LESL
LESL
25.6% more per $
LESL
-56.4%
-82.0%
PTCT
More free cash flow
PTCT
PTCT
$48.8M more FCF
PTCT
$-36.6M
$-85.5M
LESL
Faster 2-yr revenue CAGR
PTCT
PTCT
Annualised
PTCT
-11.5%
-11.7%
LESL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LESL
LESL
PTCT
PTCT
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.

Revenue
LESL
LESL
PTCT
PTCT
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
Net Profit
LESL
LESL
PTCT
PTCT
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
Gross Margin
LESL
LESL
PTCT
PTCT
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%
Operating Margin
LESL
LESL
PTCT
PTCT
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%
Net Margin
LESL
LESL
PTCT
PTCT
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%
EPS (diluted)
LESL
LESL
PTCT
PTCT
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
LESL
LESL
PTCT
PTCT
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.

Cash + ST Investments
LESL
LESL
PTCT
PTCT
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
Total Debt
LESL
LESL
PTCT
PTCT
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
Stockholders' Equity
LESL
LESL
PTCT
PTCT
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
Total Assets
LESL
LESL
PTCT
PTCT
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
LESL
LESL
PTCT
PTCT
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.

Operating Cash Flow
LESL
LESL
PTCT
PTCT
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
Free Cash Flow
LESL
LESL
PTCT
PTCT
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
FCF Margin
LESL
LESL
PTCT
PTCT
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%
Capex Intensity
LESL
LESL
PTCT
PTCT
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%
Cash Conversion
LESL
LESL
PTCT
PTCT
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.

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