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Lands End Inc Financials

LE
FY2025 annual
Revenue $1.2B +0.7% YoY
Net Income $5.5M -11.6% YoY
EPS (Diluted) $0.18 -10.0% YoY
Free Cash Flow $20.4M +32.7% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended May 1, 2026 Reported Currency USD FYE January

Lands End Inc (LE) reported $1.2B in revenue for fiscal year 2025, up 0.7% from the prior fiscal year. This page shows its 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).

Rhea AI LE FY2025

Margin expansion, not sales growth, is carrying Lands' End: gross profitability stays high while operating and net returns remain thin.

As sales stabilized, gross margin rose from 48.4% to 55.9% by FY2025, indicating the earnings recovery came more from merchandise economics than volume. That improvement still stops above the bottom line: FY2025 operating margin was 3.8%, while net margin was only 0.5%, so interest and other below-operating costs absorb much of the operating result.

Cash generation is positive but not fully flexible: FY2025 operating cash flow was $49.6M, while free cash flow was only $20.4M. Capital spending absorbs a substantial share of internally generated cash, making cash conversion more informative than earnings alone.

Inventory remained $269M against FY2025 sales near $1.2B, meaning working capital is materially tied to merchandise rather than receivables. Liquidity is adequate but not expansive: a 1.6x current ratio covers short-term obligations, while debt-to-equity at 0.9x shows leverage remains a meaningful financing component.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 33 / 100
Financial Health Score 33/100

Scored against operating companies for FY2025. 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.

Profitability
35

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.

Growth
17

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.

Leverage
24

Lands End Inc has elevated debt relative to equity (D/E of 0.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.

Liquidity
45

Lands End Inc's current ratio of 1.61 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
39

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.

Returns
38

Lands End Inc's ROE of 2.3% shows moderate profitability relative to equity, earning a score of 38/100. This is down from 2.6% the prior year.

Altman Z-Score Grey Zone
2.23

Lands End Inc scores 2.23, 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.

Piotroski F-Score Partial
5/8

Lands End Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
9.01x

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.

Interest Coverage At Risk
1.21x

Lands End Inc earns $1.21 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

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Earnings & Revenue

Revenue
$1.2B
YoY+0.7%
5Y CAGR-4.0%
10Y CAGR-2.0%

Lands End Inc generated $1.2B in revenue in fiscal year 2025. This represents an increase of 0.7% from the prior year.

EBITDA
$74.4M
YoY-12.2%
5Y CAGR-1.1%
10Y CAGR+19.7%

Lands End Inc's EBITDA was $74.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.2% from the prior year.

Net Income
$5.5M
YoY-11.6%
5Y CAGR-12.7%

Lands End Inc reported $5.5M in net income in fiscal year 2025. This represents a decrease of 11.6% from the prior year.

EPS (Diluted)
$0.18
YoY-10.0%
5Y CAGR-11.4%

Lands End Inc earned $0.18 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 10.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$20.4M
YoY+32.7%
5Y CAGR-19.8%
10Y CAGR+3.8%

Lands End Inc generated $20.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 32.7% from the prior year.

Cash & Debt
$17.7M
YoY+9.4%
5Y CAGR-12.2%
10Y CAGR-22.6%

Lands End Inc held $17.7M in cash against $214.2M in long-term debt as of fiscal year 2025.

Shares Outstanding
31M

Lands End Inc had 31M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
55.9%
YoY-0.7pp
5Y CAGR+13.5pp
10Y CAGR+10.0pp

Lands End Inc's gross margin was 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.

Operating Margin
3.8%
YoY-0.6pp
5Y CAGR+0.9pp
10Y CAGR+4.2pp

Lands End Inc's operating margin was 3.8% in fiscal year 2025, reflecting core business profitability. This is down 0.6 percentage points from the prior year.

Net Margin
0.5%
YoY-0.1pp
5Y CAGR-0.3pp
10Y CAGR+1.8pp

Lands End Inc's net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity
2.3%
YoY-0.4pp
5Y CAGR-0.7pp
10Y CAGR+7.3pp

Lands End Inc's ROE was 2.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.

Capital Allocation

Capital Expenditures
$29.2M
YoY-22.6%
5Y CAGR-0.6%
10Y CAGR+2.8%

Lands End Inc invested $29.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 22.6% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

LE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LE quarterly income statement
MetricQ2'27Q4'26Q3'26Q2'26Q4'25Q3'25Q2'25Q1'25
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
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+2540.0%$0.40+135.3%$0.17+163.0%-$0.27-1250.0%-$0.02+88.2%-$0.17+15.0%-$0.20-$0.29

Not reported in any period shown, so not listed: R&D Expenses.

LE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LE quarterly balance sheet
MetricQ2'27Q4'26Q3'26Q2'26Q4'25Q3'25Q2'25Q1'25
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
GoodwillN/A$0N/AN/AN/AN/AN/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

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LE quarterly cash flow statement
MetricQ2'27Q4'26Q3'26Q2'26Q4'25Q3'25Q2'25Q1'25
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
Share BuybacksN/AN/AN/AN/AN/AN/A$1.0M-52.0%$2.1M

Not reported in any period shown, so not listed: Dividends Paid.

LE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LE quarterly financial ratios
MetricQ2'27Q4'26Q3'26Q2'26Q4'25Q3'25Q2'25Q1'25
Gross Margin54.4%+2.3pp52.1%-7.2pp59.3%+1.0pp58.3%-0.6pp58.9%+2.7pp56.2%-4.6pp60.8%+14.1pp46.7%
Operating Margin-21.5%-27.9pp6.4%+0.4pp6.0%+7.1pp-1.0%-4.4pp3.4%+2.5pp0.9%-0.1pp1.0%-2.8pp3.8%
Net Margin161.2%3.0%+1.2pp1.9%+5.5pp-3.6%-3.4pp-0.2%+1.7pp-1.9%+0.9pp-2.8%-1.9pp-0.9%
Return on Equity66.0%+61.0pp5.0%+2.8pp2.2%+5.8pp-3.6%-3.3pp-0.3%+2.0pp-2.3%+0.4pp-2.8%-1.2pp-1.6%
Return on Assets36.5%+34.9pp1.6%+1.0pp0.6%+1.7pp-1.1%-1.0pp-0.1%+0.6pp-0.7%+0.2pp-0.8%-0.3pp-0.5%
Current Ratio1.580.0x1.61-0.1x1.76-0.1x1.86+0.1x1.74+0.1x1.64-0.2x1.85+0.3x1.58
Debt-to-Equity0.00-0.9x0.88-0.1x0.940.0x0.97-0.1x1.020.0x1.020.0x0.990.0x0.98
FCF Margin-41.1%-56.0pp14.8%+22.9pp-8.1%+5.4pp-13.5%-3.3pp-10.2%-19.8pp9.6%+23.8pp-14.2%-35.3pp21.0%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

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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 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 2025.

Is Lands End Inc profitable?

Yes, Lands End Inc (LE) reported a net income of $5.5M in fiscal year 2025, with a net profit margin of 0.5%.

Lands End Inc (LE) reported diluted earnings per share of $0.18 for fiscal year 2025. This represents a -10.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lands End Inc (LE) had EBITDA of $74.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Lands End Inc (LE) had $17.7M in cash and equivalents against $214.2M in long-term debt.

Lands End Inc (LE) had a gross margin of 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lands End Inc (LE) had an operating margin of 3.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

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.

Lands End Inc (LE) has a return on equity of 2.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Lands End Inc (LE) generated $20.4M in free cash flow during fiscal year 2025. 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.

Lands End Inc (LE) generated $49.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lands End Inc (LE) had $751.1M in total assets as of fiscal year 2025, including both current and long-term assets.

Lands End Inc (LE) invested $29.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Lands End Inc (LE) had 31M shares outstanding as of fiscal year 2025.

Lands End Inc (LE) had a current ratio of 1.61 as of fiscal year 2025, which is generally considered healthy.

Lands End Inc (LE) had a debt-to-equity ratio of 0.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lands End Inc (LE) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Lands End Inc (LE) has an Altman Z-Score of 2.23, 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.

Lands End Inc (LE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

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.

Lands End Inc (LE) has an interest coverage ratio of 1.21x, 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.

Lands End Inc (LE) scores 33 out of 100 on our Financial Health Score, indicating weak 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.

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