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Side-by-side financial comparison of Leslie's, Inc. (LESL) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $103.6M, roughly 1.4× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -56.4%, a 66.7% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -16.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-85.5M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
LESL vs TCMD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $103.6M |
| Net Profit | $-83.0M | $10.6M |
| Gross Margin | 18.4% | 78.2% |
| Operating Margin | -46.7% | 18.1% |
| Net Margin | -56.4% | 10.3% |
| Revenue YoY | -16.0% | 21.0% |
| Net Profit YoY | -86.2% | 9.4% |
| EPS (diluted) | $-8.92 | $0.45 |
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 | $103.6M | ||
| Q3 25 | — | $85.8M | ||
| Q2 25 | $500.3M | $78.9M | ||
| Q1 25 | $177.1M | $61.3M | ||
| Q4 24 | $175.2M | $85.6M | ||
| Q3 24 | $397.9M | $73.1M | ||
| Q2 24 | $569.6M | $73.2M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $10.6M | ||
| Q3 25 | — | $8.2M | ||
| Q2 25 | $21.7M | $3.2M | ||
| Q1 25 | $-51.3M | $-3.0M | ||
| Q4 24 | $-44.6M | $9.7M | ||
| Q3 24 | $-9.9M | $5.2M | ||
| Q2 24 | $60.6M | $4.3M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | 39.6% | 74.5% | ||
| Q1 25 | 24.8% | 74.0% | ||
| Q4 24 | 27.2% | 75.2% | ||
| Q3 24 | 36.0% | 75.0% | ||
| Q2 24 | 40.2% | 73.9% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 18.1% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | 13.7% | 5.2% | ||
| Q1 25 | -27.3% | -7.4% | ||
| Q4 24 | -22.7% | 14.6% | ||
| Q3 24 | 6.6% | 9.3% | ||
| Q2 24 | 17.2% | 8.0% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 10.3% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | 4.3% | 4.1% | ||
| Q1 25 | -29.0% | -4.9% | ||
| Q4 24 | -25.4% | 11.4% | ||
| Q3 24 | -2.5% | 7.1% | ||
| Q2 24 | 10.6% | 5.9% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $0.45 | ||
| Q3 25 | — | $0.36 | ||
| Q2 25 | $0.12 | $0.14 | ||
| Q1 25 | $-0.28 | $-0.13 | ||
| Q4 24 | $-4.82 | $0.40 | ||
| Q3 24 | $-2.46 | $0.21 | ||
| Q2 24 | $0.33 | $0.18 |
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 | $83.4M |
| Total DebtLower is stronger | $781.6M | $0 |
| Stockholders' EquityBook value | $-489.9M | $218.9M |
| Total Assets | $649.4M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $83.4M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | $42.7M | $81.5M | ||
| Q1 25 | $17.3M | $83.6M | ||
| Q4 24 | $11.6M | $94.4M | ||
| Q3 24 | $108.5M | $82.1M | ||
| Q2 24 | $74.4M | $73.6M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | $776.6M | — | ||
| Q1 25 | $858.1M | — | ||
| Q4 24 | $796.6M | — | ||
| Q3 24 | $783.7M | $27.0M | ||
| Q2 24 | $783.7M | $27.8M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $218.9M | ||
| Q3 25 | — | $204.9M | ||
| Q2 25 | $-246.2M | $194.9M | ||
| Q1 25 | $-269.5M | $205.6M | ||
| Q4 24 | $-220.0M | $216.6M | ||
| Q3 24 | $-177.1M | $207.9M | ||
| Q2 24 | $-168.2M | $200.7M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $273.9M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | $989.5M | $273.0M | ||
| Q1 25 | $1.0B | $280.2M | ||
| Q4 24 | $967.0M | $297.9M | ||
| Q3 24 | $1.1B | $287.7M | ||
| Q2 24 | $1.1B | $278.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-85.5M | $16.8M |
| FCF MarginFCF / Revenue | -58.1% | 16.2% |
| Capex IntensityCapex / Revenue | 2.9% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $17.3M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | $114.9M | $14.8M | ||
| Q1 25 | $-49.2M | $417.0K | ||
| Q4 24 | $-105.1M | $16.3M | ||
| Q3 24 | $47.1M | $10.3M | ||
| Q2 24 | $175.5M | $13.1M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | $107.1M | $14.4M | ||
| Q1 25 | $-55.8M | $38.0K | ||
| Q4 24 | $-109.8M | $15.9M | ||
| Q3 24 | $34.1M | $9.3M | ||
| Q2 24 | $165.2M | $12.6M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | 21.4% | 18.2% | ||
| Q1 25 | -31.5% | 0.1% | ||
| Q4 24 | -62.6% | 18.5% | ||
| Q3 24 | 8.6% | 12.7% | ||
| Q2 24 | 29.0% | 17.3% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 1.6% | 0.5% | ||
| Q1 25 | 3.7% | 0.6% | ||
| Q4 24 | 2.7% | 0.5% | ||
| Q3 24 | 3.2% | 1.3% | ||
| Q2 24 | 1.8% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | 5.29× | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | 2.89× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
