This page shows Lands End Inc (LE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lands End Inc has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -6.0% the prior year.
Lands End Inc's revenue declined 10.7% year-over-year, from $1.3B to $1.2B. This contraction results in a growth score of 15/100.
Lands End Inc carries a low D/E ratio of 0.97, meaning only $0.97 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.
Lands End Inc's current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
While Lands End Inc generated $53.1M in operating cash flow, capex of $37.8M consumed most of it, leaving $15.4M in free cash flow. This results in a low score of 28/100, reflecting heavy capital investment rather than weak cash generation.
Lands End Inc generates a 2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from -55.7% the prior year.
Lands End Inc scores 2.22, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Lands End Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lands End Inc generates $8.53 in operating cash flow ($53.1M OCF vs $6.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lands End Inc earns $1.3 in operating income for every $1 of interest expense ($51.0M vs $40.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Lands End Inc generated $1.2B in revenue in fiscal year 2025. This represents a decrease of 10.7% from the prior year.
Lands End Inc's EBITDA was $84.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 317.0% from the prior year.
Lands End Inc reported $6.2M in net income in fiscal year 2025. This represents an increase of 104.8% from the prior year.
Lands End Inc earned $0.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 104.9% from the prior year.
Cash & Balance Sheet
Lands End Inc generated $15.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 83.9% from the prior year.
Lands End Inc held $18.1M in cash against $222.2M in long-term debt as of fiscal year 2025.
Lands End Inc had 31M shares outstanding in fiscal year 2025. This represents a decrease of 2.7% from the prior year.
Margins & Returns
Lands End Inc's gross margin was 56.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 8.2 percentage points from the prior year.
Lands End Inc's operating margin was 4.4% in fiscal year 2025, reflecting core business profitability. This is up 10.4 percentage points from the prior year.
Lands End Inc's net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.7 percentage points from the prior year.
Lands End Inc's ROE was 2.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 58.4 percentage points from the prior year.
Capital Allocation
Lands End Inc invested $37.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.2% from the prior year.
LE Income Statement
| Metric | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $255.3M+12.1% | $227.8M-16.7% | $273.5M+1.2% | $270.4M+18.2% | $228.7M-45.1% | $416.4M+28.2% | $324.7M+0.4% | $323.4M |
| Cost of Revenue | $150.7M+17.3% | $128.5M-18.4% | $157.5M-4.7% | $165.3M+12.8% | $146.5M-57.5% | $344.6M+100.2% | $172.1M-6.3% | $183.8M |
| Gross Profit | $143.4M+8.1% | $132.7M-17.6% | $161.1M+6.1% | $151.9M+9.3% | $139.0M-28.5% | $194.4M+27.4% | $152.6M+9.3% | $139.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $129.4M+4.8% | $123.5M-12.4% | $140.9M+4.0% | $135.5M+6.4% | $127.4M-22.2% | $163.7M+21.0% | $135.3M+9.2% | $123.9M |
| Operating Income | $4.0M+268.1% | -$2.4M-125.5% | $9.3M+273.6% | $2.5M+11.3% | $2.2M-85.8% | $15.8M+115.6% | -$101.3M-1847.3% | $5.8M |
| Interest Expense | $9.3M0.0% | $9.3M-9.8% | $10.3M-1.7% | $10.4M+1.1% | $10.3M-27.5% | $14.3M+22.1% | $11.7M-2.9% | $12.0M |
| Income Tax | -$1.6M+52.1% | -$3.4M-355.6% | -$738K+71.9% | -$2.6M-66.9% | -$1.6M-48.1% | -$1.1M-131.4% | -$459K-123.4% | $2.0M |
| Net Income | -$3.7M+55.6% | -$8.3M-1293.3% | -$593K+88.7% | -$5.3M+18.5% | -$6.4M-68.2% | -$3.8M+96.6% | -$112.4M-1301.8% | -$8.0M |
| EPS (Diluted) | $-0.12+55.6% | $-0.27-1250.0% | $-0.02+88.2% | $-0.17+15.0% | $-0.20 | N/A | $-3.52-1308.0% | $-0.25 |
LE Balance Sheet
| Metric | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $800.6M+5.3% | $760.5M-9.8% | $843.6M+5.1% | $802.5M+0.3% | $800.1M-1.4% | $811.5M-14.4% | $947.6M-6.6% | $1.0B |
| Current Assets | $405.1M+10.9% | $365.1M-19.5% | $453.5M+9.3% | $414.8M+2.4% | $405.0M-1.3% | $410.3M-24.1% | $540.2M+9.6% | $492.8M |
| Cash & Equivalents | $21.3M+17.2% | $18.1M-40.3% | $30.4M+18.5% | $25.6M-6.2% | $27.4M+8.0% | $25.3M-31.3% | $36.8M+38.4% | $26.6M |
| Inventory | $301.8M+15.0% | $262.4M-21.9% | $335.9M+7.6% | $312.0M+8.1% | $288.6M-4.3% | $301.7M-28.5% | $422.2M+6.6% | $396.1M |
| Accounts Receivable | $39.0M+8.3% | $36.0M+1.4% | $35.5M+29.6% | $27.4M-20.9% | $34.7M-1.8% | $35.3M+12.3% | $31.4M+25.2% | $25.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $0 | N/A | $106.7M |
| Total Liabilities | $575.5M+8.5% | $530.4M-14.4% | $619.9M+7.6% | $576.0M+1.9% | $565.5M-0.8% | $569.9M-18.2% | $696.7M+7.4% | $648.7M |
| Current Liabilities | $250.5M+27.5% | $196.5M-24.5% | $260.2M+2.7% | $253.4M+15.7% | $219.1M-15.7% | $259.9M-10.6% | $290.9M+5.2% | $276.4M |
| Long-Term Debt | $219.6M-1.2% | $222.2M-2.3% | $227.6M-1.2% | $230.2M-1.2% | $233.1M-1.3% | $236.2M+9.7% | $215.3M-1.2% | $218.0M |
| Total Equity | $225.1M-2.2% | $230.1M+2.9% | $223.6M-1.3% | $226.5M-3.4% | $234.6M-2.9% | $241.6M-3.7% | $250.9M-31.4% | $365.8M |
| Retained Earnings | -$106.3M-3.6% | -$102.6M+9.1% | -$112.9M-0.5% | -$112.3M-5.9% | -$106.0M-6.6% | -$99.4M-9.5% | -$90.8M-520.4% | $21.6M |
LE Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.9M+202.1% | -$22.5M-31.2% | -$17.1M-155.7% | $30.7M+219.0% | -$25.8M-127.5% | $93.9M+617.1% | -$18.2M-127.7% | $65.6M |
| Capital Expenditures | $8.9M+7.1% | $8.3M-22.4% | $10.7M+125.4% | $4.7M-29.7% | $6.7M+5.6% | $6.4M+12.5% | $5.7M-45.9% | $10.5M |
| Free Cash Flow | $14.1M+145.7% | -$30.7M-10.6% | -$27.8M-206.9% | $26.0M+179.8% | -$32.6M-137.2% | $87.5M+467.2% | -$23.8M-143.3% | $55.1M |
| Investing Cash Flow | -$8.9M-7.0% | -$8.3M+22.4% | -$10.7M-126.1% | -$4.7M+29.9% | -$6.7M-5.6% | -$6.4M-12.4% | -$5.7M+45.9% | -$10.5M |
| Financing Cash Flow | -$10.3M-131.9% | $32.4M-0.3% | $32.5M+215.8% | -$28.1M-180.3% | $35.0M+135.4% | -$98.7M-394.4% | $33.5M+191.9% | -$36.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $1.0M-52.0% | $2.1M-29.5% | $3.0M-0.3% | $3.0M |
LE Financial Ratios
| Metric | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.2%-2.1pp | 58.3%-0.6pp | 58.9%+2.7pp | 56.2%-4.6pp | 60.8%+14.1pp | 46.7%-0.3pp | 47.0%+3.8pp | 43.2% |
| Operating Margin | 1.6%+2.6pp | -1.0%-4.4pp | 3.4%+2.5pp | 0.9%-0.1pp | 1.0%-2.8pp | 3.8%+35.0pp | -31.2%-33.0pp | 1.8% |
| Net Margin | -1.4%+2.2pp | -3.6%-3.4pp | -0.2%+1.7pp | -1.9%+0.9pp | -2.8%-1.9pp | -0.9%+33.7pp | -34.6%-32.1pp | -2.5% |
| Return on Equity | -1.6%+2.0pp | -3.6%-3.3pp | -0.3%+2.0pp | -2.3%+0.4pp | -2.8%-1.2pp | -1.6%+43.2pp | -44.8%-42.6pp | -2.2% |
| Return on Assets | -0.5%+0.6pp | -1.1%-1.0pp | -0.1%+0.6pp | -0.7%+0.2pp | -0.8%-0.3pp | -0.5%+11.4pp | -11.9%-11.1pp | -0.8% |
| Current Ratio | 1.62-0.2 | 1.86+0.1 | 1.74+0.1 | 1.64-0.2 | 1.85+0.3 | 1.58-0.3 | 1.86+0.1 | 1.78 |
| Debt-to-Equity | 0.980.0 | 0.97-0.1 | 1.020.0 | 1.02+0.0 | 0.99+0.0 | 0.98+0.1 | 0.86+0.3 | 0.60 |
| FCF Margin | 5.5%+19.0pp | -13.5%-3.3pp | -10.2%-19.8pp | 9.6%+23.8pp | -14.2%-35.3pp | 21.0%+28.4pp | -7.3%-24.4pp | 17.0% |
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Frequently Asked Questions
What is Lands End Inc's annual revenue?
Lands End Inc (LE) reported $1.2B in total revenue for fiscal year 2025. This represents a -10.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lands End Inc's revenue growing?
Lands End Inc (LE) revenue declined by 10.7% year-over-year, from $1.3B to $1.2B in fiscal year 2025.
Is Lands End Inc profitable?
Yes, Lands End Inc (LE) reported a net income of $6.2M in fiscal year 2025, with a net profit margin of 0.5%.
What is Lands End Inc's EBITDA?
Lands End Inc (LE) had EBITDA of $84.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lands End Inc have?
As of fiscal year 2025, Lands End Inc (LE) had $18.1M in cash and equivalents against $222.2M in long-term debt.
What is Lands End Inc's gross margin?
Lands End Inc (LE) had a gross margin of 56.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lands End Inc's operating margin?
Lands End Inc (LE) had an operating margin of 4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lands End Inc's net profit margin?
Lands End Inc (LE) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Lands End Inc's return on equity (ROE)?
Lands End Inc (LE) has a return on equity of 2.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lands End Inc's free cash flow?
Lands End Inc (LE) generated $15.4M in free cash flow during fiscal year 2025. This represents a -83.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lands End Inc's operating cash flow?
Lands End Inc (LE) generated $53.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lands End Inc's total assets?
Lands End Inc (LE) had $760.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lands End Inc's capital expenditures?
Lands End Inc (LE) invested $37.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Lands End Inc's current ratio?
Lands End Inc (LE) had a current ratio of 1.86 as of fiscal year 2025, which is generally considered healthy.
What is Lands End Inc's debt-to-equity ratio?
Lands End Inc (LE) had a debt-to-equity ratio of 0.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lands End Inc's return on assets (ROA)?
Lands End Inc (LE) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lands End Inc's Altman Z-Score?
Lands End Inc (LE) has an Altman Z-Score of 2.22, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lands End Inc's Piotroski F-Score?
Lands End Inc (LE) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lands End Inc's earnings high quality?
Lands End Inc (LE) has an earnings quality ratio of 8.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lands End Inc cover its interest payments?
Lands End Inc (LE) has an interest coverage ratio of 1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lands End Inc?
Lands End Inc (LE) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.