LEVINYSEApparel & Other Finishd Prods of Fabrics & Similar MatlFiscal year ends November 29
LEVI STRAUSS & CO
Financials through Q3 FY2026, quarter ended Aug 30, 2026Last filing: 10-Q on Oct 7, 2026
$20.63+0.19 (+0.93%)
Close on Oct 19, 2026
- Market cap
- $8.06B
- P/E (TTM)
- 14.2
- Dividend yield
- 2.62%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
61.7%+8.9 pts over 5 years
Operating margin
10.8%+12.7 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.1% | +0.6% | +7.1% | +3.4% | |
| Gross profit | +6.0% | +3.0% | +10.5% | +5.5% | |
| Operating income | +157.9% | +1.6% | – | +4.6% | |
| EPS, diluted | +178.8% | +0.9% | – | – | |
| Free cash flow | -54.1% | – | -1.9% | +10.5% | |
| Dividend per share | +8.0% | +7.1% | +27.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 69.3% | -8.9% | – | |
| Return on assets | 9.9% | -2.6% | – | |
| Current ratio | 2.21 | 2.02 | 1.55 | |
| Debt to equity | 2.05 | 1.20 | 0.46 | |
| Net debt to EBITDA | 1.18× | 1.18× | 0.32× | |
| Interest coverage | 6.3× | -1.0× | 13.9× | |
| Inventory turnover | 3.4× | 2.5× | 2.0× | |
| Capex to revenue | 2.3% | 2.9% | 3.5% | |
| Diluted shares | – | 397M | 400M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Levi Strauss generated $2.83B from operations and spent $2.47B on capital expenditure, dividends and share buybacks. 48% of that went back into the business.
Generated
$2.83B
Used
$2.47B
Capital expenditure$1.20B48%Dividends$880.60M36%Share buybacks$390.30M16%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.5%
×Asset turnover0.97×
×Equity multiplier3.09×
=Return on equity, FY202410.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 3.5% | 0.97× | 3.09× | 10.5% |
| FY2023 | 4.3% | 0.97× | 3.06× | 12.6% |
| FY2020 | -2.9% | 0.90× | 3.45× | -8.9% |
| FY2019 | 6.8% | 1.48× | 3.50× | 35.5% |
| FY2018 | 5.1% | 1.62× | 5.09× | 41.7% |
| FY2017 | 5.7% | 1.55× | 5.26× | 46.6% |
| FY2016 | 6.4% | 1.55× | 6.99× | 69.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$529.60M
- Return on assets improvedROA up on the prior year3.5% → –
- Earnings backed by cashOperating cash flow above net income$529.60M vs –
- Less leverageLong-term debt to assets fell15.6% → 15.2%
- Better liquidityCurrent ratio rose1.42 → 1.55
- No dilutionShare count did not rise402M → 400M
- Gross margin improvedGross margin up on the prior year60.63% → 61.73%
- More efficientAsset turnover rose1.00 → 0.99