Levi Strauss & Co. (LEVI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.24	$0.28	+16.7%	—	$1.6B	—
Q1 26	$0.37	$0.42	+13.5%	—	$1.7B	—
Q4 25	$0.39	$0.41	+5.1%	—	$1.8B	—
Q3 25	$0.31	$0.34	+9.7%	—	$1.5B	—
Q2 25	$0.13	$0.22	+69.2%	—	$1.4B	—
Q1 25	$0.28	$0.38	+35.7%	—	$1.5B	—
Q4 24	$0.48	$0.5	+4.2%	—	$1.8B	—
Q3 24	$0.31	$0.33	+6.5%	—	$1.5B	—
Q2 24	$0.11	$0.16	+45.5%	—	$1.4B	—
Q1 24	$0.21	$0.26	+23.8%	—	—	—
Q4 23	$0.44	$0.44	0.0%	—	$1.6B	—
Q3 23	$0.27	$0.28	+3.7%	—	$1.5B	—
Q2 23	$0.03	$0.04	+33.3%	—	$1.3B	—
Q1 23	$0.33	$0.34	+3.0%	—	$1.7B	—
Q4 22	$0.29	$0.34	+17.2%	—	$1.6B	—
Q3 22	$0.37	$0.4	+8.1%	—	$1.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.46	—	—	$6.3B	—
FY24	—	$0.53	—	—	$6.4B	—
FY23	—	$0.63	—	—	$6.2B	—
FY22	—	$1.43	—	—	$6.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.6B	$4.9B	$5.6B	$5.8B	$4.5B	$5.8B	$6.2B	$6.2B	$6.4B	$6.3B
YoY change	+1.3%	+7.72%	+13.7%	+3.37%	-22.7%	+29.4%	+7.02%	+0.17%	+2.85%	-1.15%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.6B	4.9B	5.6B	5.8B	4.5B	5.8B	6.2B	6.2B	6.4B	6.3B
Cost of revenue	2.2B	2.3B	2.6B	2.7B	2.1B	2.4B	2.6B	2.7B	2.5B	2.4B
Gross profit	2.3B	2.6B	3B	3.1B	2.4B	3.3B	3.5B	3.5B	3.8B	3.9B
Gross margin	51.2%	52.3%	53.8%	53.8%	52.8%	58.1%	57.5%	56.9%	60%	61.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9B	2.1B	2.5B	2.5B	2.3B	2.7B	2.9B	3.1B	3.2B	3.2B
Operating expenses	1.9B	2.1B	2.5B	2.5B	2.3B	2.7B	2.9B	3.1B	3.2B	3.2B
Operating income	462.2M	480.1M	540.4M	566.7M	95.6M	686.2M	667.2M	463.8M	569.7M	704.6M
Operating margin	10.2%	9.79%	9.69%	9.83%	2.15%	11.9%	10.8%	7.51%	8.96%	11.2%
Non-operating income, net	16.8M	-66.1M	5.5M	-40M	-211.6M	-33.1M	8.1M	-152.7M	-308.9M	-22M
Pretax income	407.3M	348.8M	500M	477.6M	-189.8M	580.2M	649.6M	265.2M	219M	634M
Income tax	116.1M	64.2M	214.8M	82.6M	-62.6M	26.7M	80.5M	15.6M	8.4M	132M
Net income	291.2M	284.6M	285.2M	395M	-127.1M	553.5M	569.1M	249.6M	210.6M	578.1M
Net margin	6.4%	5.8%	5.12%	6.85%	-2.86%	9.6%	9.23%	4.04%	3.31%	9.2%
EBITDA	574.6M	590.2M	671.1M	672.4M	244.2M	841.8M	841.3M	625.6M	761.5M	919.2M
EPS	0.76	0.75	0.75	1.01	-0.32	1.38	1.43	0.63	0.53	1.46
Diluted EPS	0.76	0.72	0.72	0.97	-0.32	1.35	1.41	0.62	0.52	1.45

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.3B	1.5B	1.6B	1.4B	1.5B	1.8B	1.5B	1.4B	1.5B	1.8B	1.7B	1.6B
Cost of revenue	552.6M	671.5M	692.6M	569.5M	606.1M	712.7M	579.2M	540.2M	591.8M	693M	664.2M	582.9M
Gross profit	784.2M	839.5M	949.7M	871.7M	910.7M	1.1B	947.6M	905.8M	951.6M	1.1B	1.1B	979.1M
Gross margin	58.7%	55.6%	57.8%	60.5%	60%	61.3%	62.1%	62.6%	61.7%	60.8%	61.9%	62.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	767.8M	713M	778.2M	794.7M	765.6M	900.7M	749.3M	791M	775.6M	859.8M	871.7M	843.4M
Operating expenses	767.8M	713M	778.2M	794.7M	765.6M	900.7M	749.3M	791M	775.6M	859.8M	871.7M	843.4M
Operating income	16.4M	126.5M	171.5M	77M	145.1M	226.3M	198.3M	114.8M	176M	213M	206.6M	135.7M
Operating margin	1.23%	8.37%	10.4%	5.34%	9.57%	12.3%	13%	7.94%	11.4%	12.1%	11.9%	8.69%
Non-operating income, net	-10.4M	-118.4M	-24.4M	-54.7M	-115.2M	-15M	-10.8M	-500K	-7.3M	-900K	34.7M	-600K
Pretax income	-7.2M	-3.4M	136.6M	12M	19.8M	199.9M	176.6M	102.5M	156.2M	198.7M	228.2M	122.2M
Income tax	-5.6M	-13M	9.7M	-6M	-900K	17.3M	36.4M	22.9M	34.2M	38.5M	51.1M	27.4M
Net income	-1.6M	9.6M	126.9M	18M	20.7M	182.6M	135M	67M	218.1M	158M	175.8M	87.3M
Net margin	-0.12%	0.64%	7.73%	1.25%	1.36%	9.93%	8.84%	4.63%	14.1%	8.95%	10.1%	5.59%
EBITDA	52.3M	137.8M	214.1M	121.5M	214.9M	274.7M	243.4M	171.5M	229.2M	265.1M	272.4M	194M
EPS	-0	0.02	0.32	0.05	0.05	0.46	0.34	0.17	0.55	0.4	0.45	0.23
Diluted EPS	-0	0.02	0.32	0.04	0.05	0.46	0.34	0.17	0.55	0.4	0.45	0.22

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	6.5B	7.3B	10.2B	6.6B	6.2B	7B	8.7B	7.6B
Enterprise value	—	—	—	6.5B	8.4B	11.6B	8.2B	7.9B	8.5B	10.2B	8.9B
Shares outstanding	385.5M	377.1M	377.1M	389.1M	397.3M	399.8M	397.3M	397.2M	398.2M	395.5M	395.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	16.5	—	18.5	11.5	24.7	33	15.1	14.1
P/S	—	—	—	1.13	1.64	1.77	1.06	1	1.09	1.39	1.15
P/B	—	—	—	4.15	5.62	6.14	3.45	3.01	3.53	3.82	3.34
EV/EBITDA	—	—	—	9.71	34.3	13.7	9.7	12.7	11.1	11.1	9.15
EV/Sales	—	—	—	1.13	1.88	2.01	1.32	1.28	1.33	1.62	1.35
Earnings yield	—	—	—	6.05%	—	5.41%	8.66%	4.06%	3.03%	6.63%	7.1%
FCF yield	—	—	—	3.63%	4.64%	5.58%	-0.59%	1.98%	9.65%	3.54%	7.74%
PEG	—	—	—	—	—	—	—	—	—	—	0.4

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	51.2%	52.3%	53.8%	53.8%	52.8%	58.1%	57.5%	56.9%	60%	61.7%	62.7%
Operating margin	10.2%	9.79%	9.69%	9.83%	2.15%	11.9%	10.8%	7.51%	8.96%	11.2%	9.04%
Net margin	6.4%	5.8%	5.12%	6.85%	-2.86%	9.6%	9.23%	4.04%	3.31%	9.2%	9.66%
ROE	49.3%	34.3%	29.5%	25.1%	-9.78%	33.2%	29.9%	12.2%	10.7%	25.4%	25.4%
ROA	9.75%	8.47%	8.05%	9.33%	-2.25%	9.38%	9.43%	4.12%	3.3%	8.44%	7.17%
ROIC	25.9%	30.8%	23.6%	29.8%	4.04%	21.8%	16.7%	11.4%	15.7%	14.9%	16%
Return on tangible assets	12%	10.2%	9.56%	10.7%	-2.53%	12.2%	12%	5.08%	3.88%	9.8%	11.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.21	2.27	2.17	2.46	2.02	1.45	1.43	1.48	1.42	1.55	1.6
Quick ratio	1.27	1.41	1.33	1.7	1.49	0.97	0.71	0.75	0.8	0.94	0.98
Debt / equity	1.79	1.3	1.09	0.65	2.05	1.35	1.1	1.07	1.12	1.01	1.01
Debt / assets	0.36	0.32	0.3	0.24	0.47	0.38	0.35	0.36	0.35	0.34	0.35
Net debt / EBITDA	1.19	0.75	0.51	-0	4.37	1.59	1.89	2.85	2	1.58	1.37
Interest coverage	6.57	6.08	10	8.21	-1.31	8.96	26.3	6.78	6.24	14	14.6
Effective tax rate	28.5%	18.4%	43%	17.3%	0%	4.6%	12.4%	5.88%	3.84%	20.8%	21.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	11.8	13	14.8	14.8	11.2	14.4	15.5	15.6	16	15.9	16.9
EPS (basic)	0.76	0.75	0.75	1.01	-0.32	1.38	1.43	0.63	0.53	1.46	1.46
EPS (diluted)	0.76	0.72	0.72	0.97	-0.32	1.35	1.41	0.62	0.52	1.45	1.4
Book value per share	1.53	2.2	2.56	4.04	3.27	4.17	4.79	5.15	4.95	5.76	5.91
FCF per share	0.53	1.08	0.69	0.61	0.85	1.43	-0.1	0.31	1.68	0.78	1.44
Cash per share	0.97	1.68	1.89	2.61	4.01	2.26	1.26	1	1.73	2.15	2.54
Capex per share	0.27	0.31	0.42	0.45	0.33	0.42	0.67	0.79	0.57	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.26%	2.42%	2.86%	3.04%	2.93%	2.9%	4.33%	5.08%	3.58%	—	—
Capex / operating cash flow	28.9%	26.4%	34.9%	38.4%	27.5%	28.9%	36.1%	80.9%	55.7%	—	—
Payout ratio	20.6%	24.6%	31.6%	28.8%	-50.1%	18.9%	30.6%	76.3%	94.3%	36.8%	40%
Dividend yield	—	—	—	1.74%	0.87%	1.02%	2.65%	3.1%	2.85%	2.44%	3.23%

Yield

3.23%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.16

ex-dividend Jul 22, 2026

Payout ratio

40%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 22, 2026	$0.16
Apr 22, 2026	$0.14
Feb 10, 2026	$0.14
Oct 20, 2025	$0.14
Jul 24, 2025	$0.14
Apr 24, 2025	$0.13
Feb 12, 2025	$0.13
Oct 29, 2024	$0.13

Period	Q2 23	Q3 23	Q4 23	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.3B	$1.5B	$1.6B	$1.4B	$1.5B	$1.8B	$1.5B	$1.4B	$1.5B	$1.8B	$1.7B	$1.6B
YoY change	-9.13%	-0.41%	+3.37%	+7.81%	+0.38%	+12%	—	+0.33%	+1.75%	-4.02%	+14.1%	+8.02%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	375.6M	633.6M	713.1M	1B	1.6B	901.8M	500.2M	398.8M	690M	848.8M
Receivables	479M	485.5M	534.2M	782.8M	540.2M	707.6M	697M	752.7M	710M	774.7M
Inventory	716.2M	759.4M	883.8M	884.2M	817.7M	898M	1.4B	1.3B	1.2B	1.2B
Total current assets	1.7B	2B	2.3B	2.9B	3.1B	2.7B	2.8B	2.6B	2.9B	3.2B
Property, plant & equipment	14.4M	2.3M	-5.6M	13.3M	965.8M	1.1B	1.1B	1.2B	1.2B	1.2B
Goodwill & intangibles	554.5M	560.4M	558.2M	557.1M	624.4M	1.4B	1.3B	1.1B	948.4M	950M
Total assets	3B	3.4B	3.5B	4.2B	5.6B	5.9B	6B	6.1B	6.4B	6.8B
Accounts payable	270.3M	289.5M	351.3M	360.3M	375.4M	524.8M	657.2M	567.9M	663.4M	597.6M
Short-term debt	38.9M	38.5M	31.9M	7.6M	254.8M	251.3M	247.4M	258M	258.8M	260.7M
Total current liabilities	761.7M	879.1M	1.1B	1.2B	1.5B	1.9B	2B	1.8B	2B	2B
Long-term debt	1B	1B	1B	1B	2.4B	2B	1.8B	1.9B	2B	2B
Total liabilities	2.4B	2.5B	2.6B	2.7B	4.3B	4.2B	4.1B	4B	4.4B	4.6B
Shareholders' equity	591.1M	829.4M	966.6M	1.6B	1.3B	1.7B	1.9B	2B	2B	2.3B
Total debt	1.1B	1.1B	1.1B	1B	2.7B	2.2B	2.1B	2.2B	2.2B	2.3B
Net debt	685M	443.7M	339M	80.1M	1.2B	1.4B	1.7B	1.8B	1.5B	1.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	471.6M	294.5M	398.8M	641.4M	577.1M	690M	574.4M	736.7M	707.5M	848.8M	812M	977.8M
Receivables	560.7M	690.2M	752.7M	581.8M	679.5M	710M	654.9M	617.5M	722.9M	774.7M	728.9M	586.2M
Inventory	1.3B	1.4B	1.3B	1.2B	1.3B	1.2B	1.1B	1.2B	1.3B	1.2B	1.1B	1.2B
Total current assets	2.5B	2.6B	2.6B	2.6B	2.7B	2.9B	2.7B	2.9B	3B	3.2B	2.9B	3B
Property, plant & equipment	1.6B	1.6B	1.2B	1.7B	1.8B	1.2B	1.7B	1.8B	1.8B	1.2B	1.8B	1.8B
Goodwill & intangibles	1.3B	1.1B	1.1B	1.2B	958.4M	948.4M	945M	947.8M	947M	950M	952M	949.6M
Total assets	5.9B	5.9B	6.1B	6.2B	6.3B	6.4B	6.2B	6.5B	6.7B	6.8B	6.6B	6.6B
Accounts payable	464.2M	573.5M	567.9M	623.1M	667.8M	663.4M	556.9M	683.5M	621.4M	597.6M	487.6M	598.5M
Short-term debt	373.8M	279.4M	258M	248.4M	261M	258.8M	254M	260.8M	266.8M	260.7M	266.7M	268.3M
Total current liabilities	1.8B	1.8B	1.8B	1.9B	1.9B	2B	1.8B	2B	2B	2B	1.8B	1.9B
Long-term debt	1.9B	1.8B	1.9B	1.9B	2B	2B	1.9B	2B	2B	2B	2B	2B
Total liabilities	4B	3.9B	4B	4.2B	4.4B	4.4B	4.2B	4.4B	4.5B	4.6B	4.4B	4.4B
Shareholders' equity	1.9B	1.9B	2B	2B	1.9B	2B	2B	2.1B	2.2B	2.3B	2.2B	2.3B
Total debt	2.2B	2.1B	2.2B	2.2B	2.3B	2.2B	2.2B	2.2B	2.3B	2.3B	2.3B	2.3B
Net debt	1.8B	1.8B	1.8B	1.6B	1.7B	1.5B	1.6B	1.6B	1.7B	1.5B	1.6B	1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	291.2M	284.6M	285.2M	395M	-127.1M	553.5M	569.1M	249.6M	210.6M	578.1M
Depreciation & amortization	103.9M	117.4M	120.2M	123.9M	141.8M	143.2M	158.9M	165.3M	193.2M	206.3M
Stock-based compensation	9.3M	25.8M	18.4M	55.2M	50.9M	60.1M	60.8M	74.4M	62.8M	81.6M
Change in working capital	-116.5M	14.2M	-100.8M	-117.1M	453.8M	-125.4M	—	—	—	-217.5M
Operating cash flow	356.8M	449.4M	456.7M	456.5M	473.7M	577.4M	740.6M	387.4M	408.7M	529.6M
Capital expenditure	-103M	-118.6M	-159.4M	-175.4M	-130.4M	-166.9M	-267.1M	-313.6M	-227.5M	—
Investing cash flow	-68.3M	-124.4M	-199.4M	-231.2M	-188.6M	-571.8M	-235.7M	-240.7M	-281.1M	152.7M
Dividends paid	-60M	-70M	-90M	-113.9M	-63.6M	-104.4M	-174.3M	-190.5M	-198.5M	-212.9M
Share repurchases	-2.6M	-25.1M	-27.1M	-3.1M	-56.2M	-85.9M	-175.7M	-8.1M	-90.1M	-150.5M
Financing cash flow	-470.8M	-181.6M	-149.9M	29.7M	-22.1M	-840.9M	-358M	-214.1M	-319.3M	-400.2M
Net change in cash	-182.3M	143.5M	107.4M	255M	263.1M	-835.3M	146.9M	-67.4M	-191.7M	282.1M
Free cash flow	203.6M	407.3M	261M	236.8M	339.2M	570.4M	-39M	121.9M	670.9M	308.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-1.6M	—	126.9M	17.9M	—	—	135M	67M	218.1M	158M	175.8M	87.3M
Depreciation & amortization	39.8M	—	43.1M	44.1M	—	—	49.2M	50.4M	51.8M	54.9M	55.6M	57.2M
Stock-based compensation	20.8M	—	18M	16.8M	—	—	19.3M	24.9M	23.6M	13.8M	15.8M	24.3M
Change in working capital	—	—	—	—	—	—	—	—	—	—	55.9M	115.6M
Operating cash flow	21.9M	—	158.6M	73.5M	—	—	212.3M	121.4M	24.8M	266.8M	211.5M	270.8M
Capital expenditure	-70.5M	—	-56.5M	-40.2M	—	—	-66.6M	-39.5M	—	—	—	—
Investing cash flow	-22.9M	—	-40.4M	-35.3M	—	—	-71.1M	-58.6M	221.8M	-78M	85.7M	-37.9M
Dividends paid	-47.6M	—	-47.6M	-47.7M	—	—	-51.4M	-51.4M	-55.4M	-54.7M	-53.8M	-53.9M
Share repurchases	0	—	0	-16.9M	—	—	-30M	-500K	-120M	0	-200M	200M
Financing cash flow	-71.9M	-100M	-100M	-68.4M	0	0	-97.5M	-54.9M	-178.1M	-61.8M	-284.1M	144.2M
Net change in cash	-72.9M	-100M	18.2M	-30.2M	0	0	43.7M	7.9M	68.5M	127M	13.1M	377.1M
Free cash flow	215.7M	—	202.4M	222.6M	—	—	-14.1M	146M	-39.4M	215.7M	152.1M	230.9M

Levi Strauss & Co. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement