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Leslie's
(OTC:LESLQ)
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Rating:38Underperform
Price Target:
$0.03
▼(-95.28% Downside)
Action:Reiterated
Date:10/11/26
The score is driven primarily by materially deteriorating financial fundamentals (declining revenue, compressed margins, and severe recent losses) alongside a fragile capital structure with deeply negative equity. Technical indicators add further downside risk, with the price far below major moving averages and weak momentum readings. Valuation provides little support because the company is loss-making (negative P/E) and no dividend yield is indicated.
Positive Factors
Recurring consumables demand
Recurring chemical purchases create a repeat-revenue foundation within Leslie's business model, supported by ongoing pool maintenance needs. This recurring demand can provide a more durable revenue base than one-time equipment sales and support customer retention across swimming seasons.
Negative Factors
Sustained revenue contraction
Revenue has continued to decline across the periods shown, indicating that the business is not currently converting its market presence into top-line growth. Persistent contraction can reduce operating leverage, constrain reinvestment, and make recovery dependent on reversing the underlying sales trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables demand
Recurring chemical purchases create a repeat-revenue foundation within Leslie's business model, supported by ongoing pool maintenance needs. This recurring demand can provide a more durable revenue base than one-time equipment sales and support customer retention across swimming seasons.
Read all positive factors
Leslie's (LESLQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$261.30K
Dividend YieldN/A
Average Volume (3M)7.70M
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue Growth-5.68%
EPS Growth-196.96%
CountryUS
Employees3,790
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-26.99
Shares Outstanding9,365,475
10 Day Avg. Volume18,756,970
30 Day Avg. Volume7,703,925
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.11
Price to Sales (P/S)0.04
P/FCF Ratio-2.74
Enterprise Value/Market Cap4.05K
Enterprise Value/Revenue0.90
Enterprise Value/Gross Profit2.66
Enterprise Value/Ebitda-6.46
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-5.33
Revenue Forecast (FY)$1.09B
Leslie's Business Overview & Revenue Model
Company Description
Leslie's, Inc. operates as a leading direct-to-consumer brand specializing in comprehensive pool and spa care throughout the United States. The company actively markets and sells a vast array of supplies, equipment, and related services to ensure ...
How the Company Makes Money
Leslie's primarily makes money by selling pool and spa care products and related services through its owned retail store base and online sales channels. The largest recurring revenue driver is consumable pool and spa chemicals (e.g., sanitation an...
Leslie's Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
26
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.24B | 1.33B | 1.45B | 1.56B | 1.34B |
| Gross Profit | 397.63M | 439.65M | 476.79M | 548.22M | 673.74M | 595.16M |
| EBITDA | -163.72M | -136.39M | 90.19M | 136.32M | 269.13M | 224.09M |
| Net Income | -250.49M | -236.97M | -23.38M | 27.24M | 159.03M | 126.63M |
Balance Sheet | ||||||
| Total Assets | 722.19M | 741.48M | 1.05B | 1.03B | 1.11B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 45.91M | 64.34M | 108.50M | 55.42M | 112.29M | 345.06M |
| Total Debt | 1.02B | 1.01B | 1.05B | 1.04B | 1.03B | 1.02B |
| Total Liabilities | 1.21B | 1.15B | 1.23B | 1.20B | 1.31B | 1.26B |
| Stockholders Equity | -492.74M | -407.99M | -177.15M | -161.36M | -197.95M | -217.56M |
Cash Flow | ||||||
| Free Cash Flow | -6.34M | -16.67M | 60.22M | -32.11M | 34.92M | 140.63M |
| Operating Cash Flow | 10.62M | 8.82M | 107.47M | 6.47M | 66.64M | 169.56M |
| Investing Cash Flow | -16.82M | -25.35M | -47.16M | -52.54M | -138.98M | -35.35M |
| Financing Cash Flow | 9.42M | -27.64M | -7.22M | -10.80M | -158.87M | 53.78M |
Leslie's Technical Analysis
Negative
0.53
Price Trends
0.59
Negative
3.01
Negative
2.23
Negative
Market Momentum
-0.21
Negative
19.12
Positive
6.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LESLQ, the sentiment is Negative. The current price of 0.53 is above the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.59, and below the 200-day MA of 2.23, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 19.12 is Positive, neither overbought nor oversold. The STOCH value of 6.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LESLQ.
Leslie's Risk Analysis
Leslie's disclosed 46 risk factors in its most recent earnings report. Leslie's reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Leslie's Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.83T | 20.83 | 30.50% | ― | 15.77% | 88.63% | |
72 Outperform | $49.92B | 22.71 | 48.28% | 1.09% | 15.18% | 7.28% | |
69 Neutral | $3.29B | 8.74 | 18.38% | 1.08% | 3.68% | 12.68% | |
64 Neutral | $17.56B | 17.55 | 39.30% | 2.82% | 3.98% | -5.90% | |
62 Neutral | $14.48B | -43.03 | 11.48% | ― | 7.46% | -2.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
38 Underperform | $261.30K | >-0.01 | 51.86% | ― | -5.68% | -196.96% |
* Consumer Cyclical Sector Average
LESLQ
Leslie's
0.03
-4.34
-99.38%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.