vs
Side-by-side financial comparison of Leslie's, Inc. (LESL) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $147.1M, roughly 1.3× Leslie's, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -56.4%, a 104.3% gap on every dollar of revenue. On growth, Leslie's, Inc. posted the faster year-over-year revenue change (-16.0% vs -21.9%). Over the past eight quarters, Leslie's, Inc.'s revenue compounded faster (-11.7% CAGR vs -15.4%).
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.
LESL vs RILY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $188.3M |
| Net Profit | $-83.0M | $90.3M |
| Gross Margin | 18.4% | 79.5% |
| Operating Margin | -46.7% | 32.3% |
| Net Margin | -56.4% | 47.9% |
| Revenue YoY | -16.0% | -21.9% |
| Net Profit YoY | -86.2% | 1710.8% |
| EPS (diluted) | $-8.92 | $2.78 |
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 | $188.3M | ||
| Q3 25 | — | $215.3M | ||
| Q2 25 | $500.3M | $188.2M | ||
| Q1 25 | $177.1M | $197.2M | ||
| Q4 24 | $175.2M | $241.0M | ||
| Q3 24 | $397.9M | $225.5M | ||
| Q2 24 | $569.6M | $256.0M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $90.3M | ||
| Q3 25 | — | $91.1M | ||
| Q2 25 | $21.7M | $139.5M | ||
| Q1 25 | $-51.3M | $-10.0M | ||
| Q4 24 | $-44.6M | $-5.6M | ||
| Q3 24 | $-9.9M | $-284.4M | ||
| Q2 24 | $60.6M | $-433.6M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | 39.6% | 81.3% | ||
| Q1 25 | 24.8% | 81.4% | ||
| Q4 24 | 27.2% | 79.8% | ||
| Q3 24 | 36.0% | 82.1% | ||
| Q2 24 | 40.2% | 84.5% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 32.3% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | 13.7% | 5.7% | ||
| Q1 25 | -27.3% | -31.2% | ||
| Q4 24 | -22.7% | -69.2% | ||
| Q3 24 | 6.6% | -36.4% | ||
| Q2 24 | 17.2% | -90.8% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 47.9% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | 4.3% | 74.1% | ||
| Q1 25 | -29.0% | -5.1% | ||
| Q4 24 | -25.4% | -2.3% | ||
| Q3 24 | -2.5% | -126.1% | ||
| Q2 24 | 10.6% | -169.4% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $2.78 | ||
| Q3 25 | — | $2.91 | ||
| Q2 25 | $0.12 | $4.50 | ||
| Q1 25 | $-0.28 | $-0.39 | ||
| Q4 24 | $-4.82 | $-0.01 | ||
| Q3 24 | $-2.46 | $-9.39 | ||
| Q2 24 | $0.33 | $-14.35 |
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 | $226.6M |
| Total DebtLower is stronger | $781.6M | $1.4B |
| Stockholders' EquityBook value | $-489.9M | $-171.5M |
| Total Assets | $649.4M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | $42.7M | $267.4M | ||
| Q1 25 | $17.3M | $138.3M | ||
| Q4 24 | $11.6M | $146.9M | ||
| Q3 24 | $108.5M | $159.2M | ||
| Q2 24 | $74.4M | $236.9M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $776.6M | $1.3B | ||
| Q1 25 | $858.1M | $1.4B | ||
| Q4 24 | $796.6M | $1.5B | ||
| Q3 24 | $783.7M | — | ||
| Q2 24 | $783.7M | — |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $-171.5M | ||
| Q3 25 | — | $-260.5M | ||
| Q2 25 | $-246.2M | $-351.7M | ||
| Q1 25 | $-269.5M | $-496.8M | ||
| Q4 24 | $-220.0M | $-488.2M | ||
| Q3 24 | $-177.1M | $-497.6M | ||
| Q2 24 | $-168.2M | $-218.3M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $989.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $967.0M | $1.8B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $3.2B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $-85.5M | — |
| FCF MarginFCF / Revenue | -58.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $26.2M | ||
| Q3 25 | — | $-60.6M | ||
| Q2 25 | $114.9M | $-25.6M | ||
| Q1 25 | $-49.2M | $184.0K | ||
| Q4 24 | $-105.1M | $-2.7M | ||
| Q3 24 | $47.1M | $19.5M | ||
| Q2 24 | $175.5M | $111.5M |
| 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 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | 5.29× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
