Leslie's (LESL) Net Margin (2019 - 2026)
Leslie's' (LESL) quarterly Net Margin came in at 28.42% in Q2 2026, up 56.0% year-on-year from 18.22% in Q2 2025, and up 49.61% quarter-over-quarter from 56.39% in Q1 2026.
Leslie's (LESL) Net Margin (2019 - 2026) Analysis & Trends
Leslie's' Net Margin history runs 8 years deep, the most recent figure standing at 28.42% for Q2 2026.
- On a quarterly basis, Net Margin rose 56.0% year-over-year to 28.42% in Q2 2026; TTM through Apr 2026 was 18.3%, a 1565.0% decrease from a year earlier, with the FY2025 full-year figure at 14.81%, down 1381.0% from the prior year.
- Net Margin improved to 28.42% in Q2 2026 per LESL's latest filing, from 56.39% in the prior quarter.
- Across five years, Net Margin topped out at 18.26% in Q3 2022 and bottomed at 56.39% in Q1 2026.
- The 5-year median for Net Margin is 11.32% (2022), against an average of 10.53%.
- Across the five-year window, Net Margin jumped 1305 bps in 2022 and sank 3096 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 15.51% in 2022, then plunged by 47 bps to 22.74% in 2023, then fell by 12 bps to 25.43% in 2024, then declined by 11 bps to 28.2% in 2025, then decreased by 1 bps to 28.42% in 2026.
- Per Business Quant, the three latest LESL Net Margin figures stand at 28.42% (Q2 2026), 56.39% (Q1 2026), and 28.2% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 3.56% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 15.61% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 9.15% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 3.09% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 2.06% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | -2.26% |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | 4.58% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 13.78% |
| 10 | Leslie's | 8.63 Mn | -8.29 Mn | 53.35 Mn | -28.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | -28.42% |
| Jan 3, 2026 | -56.39% |
| Oct 4, 2025 | -28.20% |
| Jun 28, 2025 | 4.34% |
| Mar 29, 2025 | -28.97% |
| Dec 28, 2024 | -25.43% |
| Sep 28, 2024 | 0.07% |
| Jun 29, 2024 | 10.65% |
| Mar 30, 2024 | -18.31% |
| Dec 30, 2023 | -22.74% |
| Sep 30, 2023 | 2.35% |
| Jul 1, 2023 | 11.88% |
| Apr 1, 2023 | -14.81% |
| Dec 31, 2022 | -15.51% |
| Oct 1, 2022 | 12.70% |
| Jul 2, 2022 | 18.26% |
| Apr 2, 2022 | -3.26% |
| Jan 1, 2022 | -7.82% |
| Oct 2, 2021 | 11.59% |
| Jul 3, 2021 | 19.92% |