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Side-by-side financial comparison of Leslie's, Inc. (LESL) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $147.1M, roughly 1.4× Leslie's, Inc.). SunOpta Inc. runs the higher net margin — 0.4% vs -56.4%, a 56.8% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs -16.0%). SunOpta Inc. produced more free cash flow last quarter ($12.1M vs $-85.5M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
LESL vs STKL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | ||
|---|---|---|
| Revenue | $147.1M | $205.4M |
| Net Profit | $-83.0M | $816.0K |
| Gross Margin | 18.4% | 12.4% |
| Operating Margin | -46.7% | 3.3% |
| Net Margin | -56.4% | 0.4% |
| Revenue YoY | -16.0% | 16.6% |
| Net Profit YoY | -86.2% | 113.1% |
| EPS (diluted) | $-8.92 | $0.01 |
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 | — | ||
| Q3 25 | — | $205.4M | ||
| Q2 25 | $500.3M | $191.5M | ||
| Q1 25 | $177.1M | $201.6M | ||
| Q4 24 | $175.2M | $193.9M | ||
| Q3 24 | $397.9M | $175.9M | ||
| Q2 24 | $569.6M | $169.5M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | — | ||
| Q3 25 | — | $816.0K | ||
| Q2 25 | $21.7M | $4.4M | ||
| Q1 25 | $-51.3M | $4.8M | ||
| Q4 24 | $-44.6M | $-8.7M | ||
| Q3 24 | $-9.9M | $-6.2M | ||
| Q2 24 | $60.6M | $-5.3M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | 39.6% | 14.8% | ||
| Q1 25 | 24.8% | 15.0% | ||
| Q4 24 | 27.2% | 10.9% | ||
| Q3 24 | 36.0% | 13.0% | ||
| Q2 24 | 40.2% | 12.5% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | 13.7% | 5.5% | ||
| Q1 25 | -27.3% | 5.2% | ||
| Q4 24 | -22.7% | 1.4% | ||
| Q3 24 | 6.6% | 0.5% | ||
| Q2 24 | 17.2% | 1.2% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | — | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | 4.3% | 2.3% | ||
| Q1 25 | -29.0% | 2.4% | ||
| Q4 24 | -25.4% | -4.5% | ||
| Q3 24 | -2.5% | -3.5% | ||
| Q2 24 | 10.6% | -3.1% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | — | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | $0.12 | $0.03 | ||
| Q1 25 | $-0.28 | $0.04 | ||
| Q4 24 | $-4.82 | $-0.08 | ||
| Q3 24 | $-2.46 | $-0.05 | ||
| Q2 24 | $0.33 | $-0.04 |
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 | $2.2M |
| Total DebtLower is stronger | $781.6M | $250.8M |
| Stockholders' EquityBook value | $-489.9M | $162.8M |
| Total Assets | $649.4M | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | — | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | $42.7M | $2.2M | ||
| Q1 25 | $17.3M | $2.3M | ||
| Q4 24 | $11.6M | $1.6M | ||
| Q3 24 | $108.5M | $2.9M | ||
| Q2 24 | $74.4M | $3.2M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | $776.6M | $263.3M | ||
| Q1 25 | $858.1M | $260.6M | ||
| Q4 24 | $796.6M | $265.2M | ||
| Q3 24 | $783.7M | $289.9M | ||
| Q2 24 | $783.7M | $303.1M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | — | ||
| Q3 25 | — | $162.8M | ||
| Q2 25 | $-246.2M | $159.8M | ||
| Q1 25 | $-269.5M | $154.8M | ||
| Q4 24 | $-220.0M | $148.6M | ||
| Q3 24 | $-177.1M | $155.0M | ||
| Q2 24 | $-168.2M | $158.8M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | — | ||
| Q3 25 | — | $694.1M | ||
| Q2 25 | $989.5M | $704.9M | ||
| Q1 25 | $1.0B | $690.7M | ||
| Q4 24 | $967.0M | $668.5M | ||
| Q3 24 | $1.1B | $699.3M | ||
| Q2 24 | $1.1B | $704.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $-85.5M | $12.1M |
| FCF MarginFCF / Revenue | -58.1% | 5.9% |
| Capex IntensityCapex / Revenue | 2.9% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | — | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | $114.9M | $-4.5M | ||
| Q1 25 | $-49.2M | $22.3M | ||
| Q4 24 | $-105.1M | $33.1M | ||
| Q3 24 | $47.1M | $17.2M | ||
| Q2 24 | $175.5M | $-5.6M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | — | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | $107.1M | $-9.2M | ||
| Q1 25 | $-55.8M | $9.5M | ||
| Q4 24 | $-109.8M | $24.0M | ||
| Q3 24 | $34.1M | $11.7M | ||
| Q2 24 | $165.2M | $-15.3M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | 21.4% | -4.8% | ||
| Q1 25 | -31.5% | 4.7% | ||
| Q4 24 | -62.6% | 12.4% | ||
| Q3 24 | 8.6% | 6.6% | ||
| Q2 24 | 29.0% | -9.0% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | 1.6% | 2.5% | ||
| Q1 25 | 3.7% | 6.3% | ||
| Q4 24 | 2.7% | 4.7% | ||
| Q3 24 | 3.2% | 3.2% | ||
| Q2 24 | 1.8% | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.03× | ||
| Q2 25 | 5.29× | -1.03× | ||
| Q1 25 | — | 4.63× | ||
| 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.
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |