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Side-by-side financial comparison of Leslie's, Inc. (LESL) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Leslie's, Inc. is the larger business by last-quarter revenue ($147.1M vs $132.6M, roughly 1.1× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs -56.4%, a 73.5% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs -16.0%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
LESL vs UE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $132.6M |
| Net Profit | $-83.0M | $22.6M |
| Gross Margin | 18.4% | — |
| Operating Margin | -46.7% | — |
| Net Margin | -56.4% | 17.1% |
| Revenue YoY | -16.0% | 12.2% |
| Net Profit YoY | -86.2% | -6.7% |
| EPS (diluted) | $-8.92 | $0.18 |
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 | $132.6M | ||
| Q4 25 | $389.2M | $119.6M | ||
| Q3 25 | — | $120.1M | ||
| Q2 25 | $500.3M | $114.1M | ||
| Q1 25 | $177.1M | $118.2M | ||
| Q4 24 | $175.2M | $116.4M | ||
| Q3 24 | $397.9M | $112.4M | ||
| Q2 24 | $569.6M | $106.5M |
| Q1 26 | $-83.0M | $22.6M | ||
| Q4 25 | $-162.8M | $12.4M | ||
| Q3 25 | — | $14.9M | ||
| Q2 25 | $21.7M | $58.0M | ||
| Q1 25 | $-51.3M | $8.2M | ||
| Q4 24 | $-44.6M | $30.1M | ||
| Q3 24 | $-9.9M | $9.1M | ||
| Q2 24 | $60.6M | $30.8M |
| 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% | 11.3% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | 13.7% | 53.9% | ||
| Q1 25 | -27.3% | 7.6% | ||
| Q4 24 | -22.7% | 27.6% | ||
| Q3 24 | 6.6% | 8.9% | ||
| Q2 24 | 17.2% | 30.6% |
| Q1 26 | -56.4% | 17.1% | ||
| Q4 25 | -41.8% | 10.4% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | 4.3% | 50.8% | ||
| Q1 25 | -29.0% | 6.9% | ||
| Q4 24 | -25.4% | 25.9% | ||
| Q3 24 | -2.5% | 8.1% | ||
| Q2 24 | 10.6% | 28.9% |
| Q1 26 | $-8.92 | $0.18 | ||
| Q4 25 | $-20.59 | $0.09 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | $0.12 | $0.46 | ||
| Q1 25 | $-0.28 | $0.07 | ||
| Q4 24 | $-4.82 | $0.25 | ||
| Q3 24 | $-2.46 | $0.07 | ||
| Q2 24 | $0.33 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | $781.6M | — |
| Stockholders' EquityBook value | $-489.9M | $1.4B |
| Total Assets | $649.4M | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | $50.0M | ||
| Q4 25 | $64.3M | $48.9M | ||
| Q3 25 | — | $77.8M | ||
| Q2 25 | $42.7M | $53.0M | ||
| Q1 25 | $17.3M | $48.0M | ||
| Q4 24 | $11.6M | $41.4M | ||
| Q3 24 | $108.5M | $67.9M | ||
| Q2 24 | $74.4M | $78.6M |
| 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 | $1.4B | ||
| Q4 25 | $-408.0M | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $-246.2M | $1.4B | ||
| Q1 25 | $-269.5M | $1.4B | ||
| Q4 24 | $-220.0M | $1.4B | ||
| Q3 24 | $-177.1M | $1.3B | ||
| Q2 24 | $-168.2M | $1.3B |
| Q1 26 | $649.4M | $3.4B | ||
| Q4 25 | $741.5M | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | $989.5M | $3.3B | ||
| Q1 25 | $1.0B | $3.3B | ||
| Q4 24 | $967.0M | $3.3B | ||
| Q3 24 | $1.1B | $3.2B | ||
| 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 | $39.1M |
| Free Cash FlowOCF − Capex | $-85.5M | — |
| FCF MarginFCF / Revenue | -58.1% | — |
| Capex IntensityCapex / Revenue | 2.9% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | $39.1M | ||
| Q4 25 | $48.2M | $182.7M | ||
| Q3 25 | — | $55.7M | ||
| Q2 25 | $114.9M | $43.5M | ||
| Q1 25 | $-49.2M | $32.6M | ||
| Q4 24 | $-105.1M | $153.2M | ||
| Q3 24 | $47.1M | $36.6M | ||
| Q2 24 | $175.5M | $41.2M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | $107.1M | $19.6M | ||
| Q1 25 | $-55.8M | $11.9M | ||
| Q4 24 | $-109.8M | $42.5M | ||
| Q3 24 | $34.1M | $12.2M | ||
| Q2 24 | $165.2M | $19.9M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | 21.4% | 17.2% | ||
| Q1 25 | -31.5% | 10.0% | ||
| Q4 24 | -62.6% | 36.6% | ||
| Q3 24 | 8.6% | 10.8% | ||
| Q2 24 | 29.0% | 18.6% |
| Q1 26 | 2.9% | 1.5% | ||
| Q4 25 | 1.7% | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | 1.6% | 20.9% | ||
| Q1 25 | 3.7% | 17.5% | ||
| Q4 24 | 2.7% | 95.1% | ||
| Q3 24 | 3.2% | 21.7% | ||
| Q2 24 | 1.8% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | 5.29× | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 2.89× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
