Leslie's (LESL) Gross Margin (2019 - 2026)
Leslie's (LESL) reported Gross Margin of 36.45% for fiscal Q3 2026 (quarter ended Jul 4, 2026), down 3.10 percentage points from 39.55% a year earlier but up 7.58 percentage points from the prior quarter.
Leslie's (LESL) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jul 4, 2026, Leslie's' Gross Margin came in at 33.71%, down 0.90 percentage points year-over-year; for FY2025 (ended Oct 4, 2025), it was 35.40%, down 0.44 percentage points from FY2024.
- Gross Margin has declined for four consecutive fiscal years, with a five-year change of -6.02 percentage points (FY2020 to FY2025).
- By fiscal year, Gross Margin came in at 35.85% in FY2024 (-1.93 pp), 37.78% in FY2023 (-5.35 pp), 43.13% in FY2022 (-1.19 pp) and 44.32% in FY2021 (+2.90 pp).
- Five-year quarterly Gross Margin spans a low of 18.40% in fiscal Q1 2026 and a high of 45.99% in fiscal Q4 2021.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of -1.59 percentage points.
- The high point for year-over-year Gross Margin in five years was fiscal Q2 2026 (a gain of 4.07 percentage points); the low point was fiscal Q1 2026 (a drop of 8.83 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 28.88% (Q2 2026), 18.40% (Q1 2026) and 38.56% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 52.15% |
| 10 | Leslie's | 2.25 Mn | -128.54 Mn | 167.13 Mn | 36.45% |
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 36.45% |
| Apr 4, 2026 | 28.88% |
| Jan 3, 2026 | 18.40% |
| Oct 4, 2025 | 38.56% |
| Jun 28, 2025 | 39.55% |
| Mar 29, 2025 | 24.81% |
| Dec 28, 2024 | 27.23% |
| Sep 28, 2024 | 36.00% |
| Jun 29, 2024 | 40.17% |
| Mar 30, 2024 | 28.80% |
| Dec 30, 2023 | 28.98% |
| Sep 30, 2023 | 37.04% |
| Jul 1, 2023 | 41.19% |
| Apr 1, 2023 | 33.44% |
| Dec 31, 2022 | 33.47% |
| Oct 1, 2022 | 45.67% |
| Jul 2, 2022 | 45.07% |
| Apr 2, 2022 | 37.54% |
| Jan 1, 2022 | 36.42% |
| Oct 2, 2021 | 45.99% |
Leslie's Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LESL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LESL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LESL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();