LEATOTCMotorcycles, Bicycles & PartsFiscal year ends December 31
Leatt Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$11.00+0.10 (+0.92%)
Close on Oct 19, 2026
- Market cap
- $71.11M
- P/E (TTM)
- 19.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
44.0%−1.1 pts over 5 years
Operating margin
6.5%−8.6 pts over 5 years
Net margin
5.3%−6.2 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 | +40.6% | -6.7% | +9.9% | +12.9% | |
| Gross profit | +53.7% | -4.4% | +9.4% | +11.0% | |
| Operating income | – | -32.5% | -7.2% | +15.8% | |
| Net income | – | -31.1% | -5.9% | +19.0% | |
| EPS, diluted | – | -32.0% | -7.2% | +17.7% | |
| Free cash flow | -53.6% | -28.0% | -3.6% | +5.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -6.2% | 33.9% | 8.1% | |
| Return on assets | -4.2% | 19.9% | 6.6% | |
| Current ratio | 2.65 | 2.16 | 4.87 | |
| Debt to equity | – | – | 0.02 | |
| Net debt to EBITDA | – | – | -2.28× | |
| Inventory turnover | 1.9× | 2.3× | 1.8× | |
| Capex to revenue | 1.5% | 3.8% | 1.7% | |
| Diluted shares | 5M | 6M | 6M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Leatt generated $17.13M from operations and spent $6.85M on capital expenditure, dividends and share buybacks. 96% of that went back into the business.
Generated
$17.13M
Used
$6.85M
Capital expenditure$6.59M96%Dividends$00%Share buybacks$255.06K4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.3%
×Asset turnover1.26×
×Equity multiplier1.22×
=Return on equity, FY20258.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.3% | 1.26× | 1.22× | 8.1% |
| FY2024 | -5.0% | 0.94× | 1.20× | -5.6% |
| FY2023 | 1.7% | 0.95× | 1.24× | 2.0% |
| FY2022 | 13.0% | 1.51× | 1.48× | 29.2% |
| FY2021 | 17.3% | 1.92× | 1.71× | 57.2% |
| FY2020 | 11.5% | 1.74× | 1.70× | 33.9% |
| FY2019 | 4.9% | 1.83× | 1.56× | 13.9% |
| FY2018 | 4.9% | 1.91× | 1.51× | 14.2% |
| FY2017 | 1.2% | 1.71× | 1.57× | 3.2% |
| FY2016 | -2.8% | 1.50× | 1.49× | -6.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$3.26M
- Cash generatingOperating cash flow above zero$1.81M
- Return on assets improvedROA up on the prior year-4.6% → 7.0%
- Earnings backed by cashOperating cash flow above net income$1.81M vs $3.26M
- Less leverageLong-term debt to assets fell0.0% → 0.0%
- Better liquidityCurrent ratio rose5.20 → 4.87
- No dilutionShare count did not rise6M → 6M
- Gross margin improvedGross margin up on the prior year40.23% → 43.97%
- More efficientAsset turnover rose0.92 → 1.33