Lands End Inc Financials
This page shows Lands End Inc (LE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Lands' End's gross-margin recovery is rebuilding profit, but interest-heavy financing and a sticky cost base absorb most gains.
Across the past two years, gross margin climbed from48.4% to55.9% , showing materially better merchandise economics on a smaller revenue base. Even so, net income was only$5.5M because the SG&A base stayed near$561M and interest expense still consumed most of operating profit.
The cash story is stronger than earnings alone imply: operating cash flow was
Balance-sheet repair is real but incomplete: total liabilities fell to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lands End Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lands End Inc has an operating margin of 3.8%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is down from 4.4% the prior year.
Lands End Inc's revenue grew a modest 0.7% year-over-year to $1.2B. This slow but positive growth earns a score of 17/100.
Lands End Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Lands End Inc's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.
Lands End Inc has a free cash flow margin of 1.8%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Lands End Inc's ROE of 1.1% shows moderate profitability relative to equity, earning a score of 36/100. This is down from 2.7% the prior year.
Lands End Inc scores 2.42, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lands End Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Lands End Inc generates $9.01 in operating cash flow ($49.6M OCF vs $5.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lands End Inc earns $1.2 in operating income for every $1 of interest expense ($44.3M vs $36.7M). 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 2026. This represents an increase of 0.7% from the prior year.
Lands End Inc's EBITDA was $74.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.2% from the prior year.
Lands End Inc reported $5.5M in net income in fiscal year 2026. This represents a decrease of 11.6% from the prior year.
Lands End Inc earned $0.18 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 10.0% from the prior year.
Cash & Balance Sheet
Lands End Inc generated $20.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 32.7% from the prior year.
Lands End Inc held $23.1M in cash against $0 in long-term debt as of fiscal year 2026.
Lands End Inc had 31M shares outstanding in fiscal year 2026. This represents an increase of 0.4% from the prior year.
Margins & Returns
Lands End Inc's gross margin was 55.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Lands End Inc's operating margin was 3.8% in fiscal year 2026, reflecting core business profitability. This is down 0.6 percentage points from the prior year.
Lands End Inc's net profit margin was 0.5% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.
Lands End Inc's ROE was 1.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.
Capital Allocation
Lands End Inc invested $29.2M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 22.6% from the prior year.
LE Income Statement
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $205.1M-49.0% | $402.3M+45.0% | $277.5M+21.8% | $227.8M-16.7% | $273.5M+1.2% | $270.4M+18.2% | $228.7M-45.1% | $416.4M |
| Cost of Revenue | $127.4M-49.6% | $252.8M+65.2% | $153.0M+19.1% | $128.5M-18.4% | $157.5M-4.7% | $165.3M+12.8% | $146.5M-57.5% | $344.6M |
| Gross Profit | $111.5M-46.8% | $209.6M+27.4% | $164.5M+23.9% | $132.7M-17.6% | $161.1M+6.1% | $151.9M+9.3% | $139.0M-28.5% | $194.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $126.5M-25.5% | $169.7M+22.5% | $138.6M+12.3% | $123.5M-12.4% | $140.9M+4.0% | $135.5M+6.4% | $127.4M-22.2% | $163.7M |
| Operating Income | -$44.1M-270.4% | $25.9M+54.4% | $16.8M+807.5% | -$2.4M-125.5% | $9.3M+273.6% | $2.5M+11.3% | $2.2M-85.8% | $15.8M |
| Interest Expense | $5.5M-37.1% | $8.8M-6.8% | $9.4M+1.6% | $9.3M-9.8% | $10.3M-1.7% | $10.4M+1.1% | $10.3M-27.5% | $14.3M |
| Income Tax | $102.0M+1947.8% | $5.0M+123.1% | $2.2M+166.4% | -$3.4M-355.6% | -$738K+71.9% | -$2.6M-66.9% | -$1.6M-48.1% | -$1.1M |
| Net Income | $330.7M+2594.5% | $12.3M+137.7% | $5.2M+162.5% | -$8.3M-1293.3% | -$593K+88.7% | -$5.3M+18.5% | -$6.4M-68.2% | -$3.8M |
| EPS (Diluted) | $10.56 | N/A | $0.17+163.0% | $-0.27-1250.0% | $-0.02+88.2% | $-0.17+15.0% | $-0.20 | N/A |
LE Balance Sheet
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $905.7M+20.6% | $751.1M-11.9% | $852.7M+12.1% | $760.5M-9.8% | $843.6M+5.1% | $802.5M+0.3% | $800.1M-1.4% | $811.5M |
| Current Assets | $392.7M+8.8% | $361.0M-21.7% | $460.8M+26.2% | $365.1M-19.5% | $453.5M+9.3% | $414.8M+2.4% | $405.0M-1.3% | $410.3M |
| Cash & Equivalents | $23.1M+30.7% | $17.7M-51.3% | $36.3M+100.4% | $18.1M-40.3% | $30.4M+18.5% | $25.6M-6.2% | $27.4M+8.0% | $25.3M |
| Inventory | $299.9M+11.6% | $268.8M-22.7% | $347.6M+32.5% | $262.4M-21.9% | $335.9M+7.6% | $312.0M+8.1% | $288.6M-4.3% | $301.7M |
| Accounts Receivable | $33.8M-18.1% | $41.3M+12.4% | $36.7M+1.9% | $36.0M+1.4% | $35.5M+29.6% | $27.4M-20.9% | $34.7M-1.8% | $35.3M |
| Goodwill | N/A | $0 | N/A | N/A | N/A | N/A | N/A | $0 |
| Total Liabilities | $404.6M-20.2% | $506.8M-18.5% | $621.6M+17.2% | $530.4M-14.4% | $619.9M+7.6% | $576.0M+1.9% | $565.5M-0.8% | $569.9M |
| Current Liabilities | $249.3M+11.3% | $223.9M-14.6% | $262.3M+33.5% | $196.5M-24.5% | $260.2M+2.7% | $253.4M+15.7% | $219.1M-15.7% | $259.9M |
| Long-Term Debt | $0-100.0% | $214.2M-1.2% | $216.9M-2.4% | $222.2M-2.3% | $227.6M-1.2% | $230.2M-1.2% | $233.1M-1.3% | $236.2M |
| Total Equity | $501.1M+105.1% | $244.3M+5.7% | $231.0M+0.4% | $230.1M+2.9% | $223.6M-1.3% | $226.5M-3.4% | $234.6M-2.9% | $241.6M |
| Retained Earnings | $167.5M+288.6% | -$88.8M+12.1% | -$101.1M+1.5% | -$102.6M+9.1% | -$112.9M-0.5% | -$112.3M-5.9% | -$106.0M-6.6% | -$99.4M |
LE Cash Flow Statement
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$74.2M-214.5% | $64.8M+514.1% | -$15.7M+30.3% | -$22.5M-31.2% | -$17.1M-155.7% | $30.7M+219.0% | -$25.8M-127.5% | $93.9M |
| Capital Expenditures | $10.2M+93.8% | $5.3M-22.2% | $6.8M-18.1% | $8.3M-22.4% | $10.7M+125.4% | $4.7M-29.7% | $6.7M+5.6% | $6.4M |
| Free Cash Flow | -$84.4M-241.8% | $59.5M+365.3% | -$22.4M+27.0% | -$30.7M-10.6% | -$27.8M-206.9% | $26.0M+179.8% | -$32.6M-137.2% | $87.5M |
| Investing Cash Flow | $288.6M+5577.8% | -$5.3M+21.9% | -$6.7M+18.6% | -$8.3M+22.4% | -$10.7M-126.1% | -$4.7M+29.9% | -$6.7M-5.6% | -$6.4M |
| Financing Cash Flow | -$209.2M-166.6% | -$78.5M-316.1% | $36.3M+12.0% | $32.4M-0.3% | $32.5M+215.8% | -$28.1M-180.3% | $35.0M+135.4% | -$98.7M |
| 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 | N/A | N/A | $1.0M-52.0% | $2.1M |
LE Financial Ratios
| Metric | Q2'27 | Q4'26 | Q3'26 | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.4%+2.3pp | 52.1%-7.2pp | 59.3%+1.0pp | 58.3%-0.6pp | 58.9%+2.7pp | 56.2%-4.6pp | 60.8%+14.1pp | 46.7% |
| Operating Margin | -21.5%-27.9pp | 6.4%+0.4pp | 6.0%+7.1pp | -1.0%-4.4pp | 3.4%+2.5pp | 0.9%-0.1pp | 1.0%-2.8pp | 3.8% |
| Net Margin | 161.2%+158.2pp | 3.0%+1.2pp | 1.9%+5.5pp | -3.6%-3.4pp | -0.2%+1.7pp | -1.9%+0.9pp | -2.8%-1.9pp | -0.9% |
| Return on Equity | 66.0%+61.0pp | 5.0%+2.8pp | 2.2%+5.8pp | -3.6%-3.3pp | -0.3%+2.0pp | -2.3%+0.4pp | -2.8%-1.2pp | -1.6% |
| Return on Assets | 36.5%+34.9pp | 1.6%+1.0pp | 0.6%+1.7pp | -1.1%-1.0pp | -0.1%+0.6pp | -0.7%+0.2pp | -0.8%-0.3pp | -0.5% |
| Current Ratio | 1.58-0.0 | 1.61-0.1 | 1.76-0.1 | 1.86+0.1 | 1.74+0.1 | 1.64-0.2 | 1.85+0.3 | 1.58 |
| Debt-to-Equity | 0.00-0.9 | 0.88-0.1 | 0.94-0.0 | 0.97-0.1 | 1.020.0 | 1.02+0.0 | 0.99+0.0 | 0.98 |
| FCF Margin | -41.1%-56.0pp | 14.8%+22.9pp | -8.1%+5.4pp | -13.5%-3.3pp | -10.2%-19.8pp | 9.6%+23.8pp | -14.2%-35.3pp | 21.0% |
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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 2026. This represents a 0.7% 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 grew by 0.7% year-over-year, from $1.2B to $1.2B in fiscal year 2026.
Is Lands End Inc profitable?
Yes, Lands End Inc (LE) reported a net income of $5.5M in fiscal year 2026, with a net profit margin of 0.5%.
What is Lands End Inc's EBITDA?
Lands End Inc (LE) had EBITDA of $74.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lands End Inc have?
As of fiscal year 2026, Lands End Inc (LE) had $23.1M in cash and equivalents against $0 in long-term debt.
What is Lands End Inc's gross margin?
Lands End Inc (LE) had a gross margin of 55.9% in fiscal year 2026, 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 3.8% in fiscal year 2026, 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 2026, 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 1.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Lands End Inc's free cash flow?
Lands End Inc (LE) generated $20.4M in free cash flow during fiscal year 2026. This represents a 32.7% 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 $49.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Lands End Inc's total assets?
Lands End Inc (LE) had $905.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Lands End Inc's capital expenditures?
Lands End Inc (LE) invested $29.2M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Lands End Inc's current ratio?
Lands End Inc (LE) had a current ratio of 1.58 as of fiscal year 2026, 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 0.00 as of fiscal year 2026, 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 0.6% for fiscal year 2026, 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 2.42, 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 4 out of 9, indicating neutral 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 to 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 9.01x, 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 1.2x, 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 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.