LENasdaqRetail-Family Clothing StoresFiscal year ends January 31
LANDS' END, INC.
Financials through Q2 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 3, 2026
$9.64−0.21 (-2.13%)
Close on Oct 19, 2026
- Market cap
- $290.24M
- P/E (TTM)
- 0.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
55.9%+13.5 pts over 5 years
Operating margin
3.8%+0.9 pts over 5 years
Net margin
0.5%−0.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.7% | -3.9% | -4.0% | -2.0% | |
| Gross profit | -0.5% | +3.1% | +1.4% | -0.0% | |
| Operating income | -13.1% | +21.4% | +1.5% | – | |
| Net income | -11.6% | – | -12.7% | – | |
| EPS, diluted | -10.0% | – | -11.4% | – | |
| Free cash flow | +32.7% | – | -19.8% | +3.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -33.5% | 3.0% | 2.3% | |
| Return on assets | -9.2% | 1.0% | 0.7% | |
| Current ratio | 2.44 | 1.57 | 1.61 | |
| Debt to equity | 1.82 | 0.70 | 0.93 | |
| Net debt to EBITDA | -2.09× | 2.85× | 2.81× | |
| Interest coverage | -6.2× | 1.5× | 1.2× | |
| Inventory turnover | 2.3× | 2.2× | 1.9× | |
| Capex to revenue | 2.5% | 2.1% | 2.5% | |
| Diluted shares | 32M | 33M | 31M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lands' End generated $340.26M from operations and spent $179.32M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
Generated
$340.26M
Used
$179.32M
Capital expenditure$158.95M89%Dividends$00%Share buybacks$20.37M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.5%
×Asset turnover1.53×
×Equity multiplier3.14×
=Return on equity, FY20252.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.5% | 1.53× | 3.14× | 2.3% |
| FY2024 | 0.5% | 1.46× | 3.28× | 2.6% |
| FY2023 | -10.1% | 1.37× | 3.04× | -42.0% |
| FY2022 | -1.0% | 1.24× | 2.69× | -3.2% |
| FY2021 | 2.0% | 1.57× | 2.68× | 8.6% |
| FY2020 | 0.8% | 1.32× | 3.01× | 3.0% |
| FY2019 | 1.3% | 1.30× | 3.31× | 5.7% |
| FY2018 | 0.8% | 1.30× | 3.55× | 3.7% |
| FY2017 | 2.0% | 1.26× | 3.87× | 9.7% |
| FY2016 | -8.2% | 1.12× | 3.65× | -33.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$5.51M
- Cash generatingOperating cash flow above zero$49.62M
- Return on assets improvedROA up on the prior year0.8% → 0.7%
- Earnings backed by cashOperating cash flow above net income$49.62M vs $5.51M
- Less leverageLong-term debt to assets fell29.4% → 28.5%
- Better liquidityCurrent ratio rose1.63 → 1.61
- No dilutionShare count did not rise32M → 31M
- Gross margin improvedGross margin up on the prior year56.59% → 55.92%
- More efficientAsset turnover rose1.42 → 1.52