Levi Strauss & Co. Financials
This page shows Levi Strauss & Co. (LEVI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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
Levi Strauss & Co. has an operating margin of 10.8%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is up from 4.4% the prior year.
Levi Strauss & Co.'s revenue grew a modest 4.1% year-over-year to $6.3B. This slow but positive growth earns a score of 40/100.
Levi Strauss & Co. carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Levi Strauss & Co.'s current ratio of 1.55 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Levi Strauss & Co.'s free cash flow margin of 4.9% results in a low score of 25/100. Capital expenditures of $221.4M absorb a large share of operating cash flow.
Levi Strauss & Co. earns a strong 25.4% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 10.7% the prior year.
Levi Strauss & Co. scores 2.97, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Levi Strauss & Co. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Levi Strauss & Co. generates $0.92 in operating cash flow ($529.6M OCF vs $578.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Levi Strauss & Co. earns $13.9 in operating income for every $1 of interest expense ($677.6M vs $48.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Levi Strauss & Co. generated $6.3B in revenue in fiscal year 2025. This represents an increase of 4.1% from the prior year.
Levi Strauss & Co.'s EBITDA was $883.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 93.9% from the prior year.
Levi Strauss & Co. generated $308.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 54.1% from the prior year.
Levi Strauss & Co. reported $578.1M in net income in fiscal year 2025. This represents an increase of 174.5% from the prior year.
Levi Strauss & Co. earned $1.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 178.8% from the prior year.
Levi Strauss & Co. held $757.9M in cash against $1.0B in long-term debt as of fiscal year 2025.
Levi Strauss & Co. paid $0.54 per share in dividends in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Levi Strauss & Co.'s gross margin was 61.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
Levi Strauss & Co.'s operating margin was 10.8% in fiscal year 2025, reflecting core business profitability. This is up 6.4 percentage points from the prior year.
Levi Strauss & Co.'s net profit margin was 9.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.7 percentage points from the prior year.
Levi Strauss & Co.'s ROE was 25.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.7 percentage points from the prior year.
Levi Strauss & Co. spent $30.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 66.1% from the prior year.
Levi Strauss & Co. invested $221.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 2.7% from the prior year.
LEVI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B+14.4% | $1.5B+6.7% | $1.4B-5.3% | $1.5B-12.7% | $1.7B+34.1% | $1.3B-13.6% | $1.5B+13.0% | $1.3B |
| Cost of Revenue | $693.0M+17.1% | $591.8M+9.6% | $540.2M-6.7% | $579.2M-13.4% | $668.9M+31.0% | $510.7M-23.9% | $671.5M+21.5% | $552.6M |
| Gross Profit | $1.1B+12.7% | $951.6M+5.1% | $905.8M-4.4% | $947.6M-12.3% | $1.1B+36.0% | $794.7M-5.3% | $839.5M+7.1% | $784.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $857.3M+10.5% | $775.6M-1.9% | $791.0M+5.6% | $749.3M-12.2% | $853.0M+33.0% | $641.5M-10.0% | $713.0M-7.1% | $767.8M |
| Operating Income | $210.6M+25.8% | $167.4M+55.0% | $108.0M-43.6% | $191.6M-8.1% | $208.5M+36.9% | $152.3M+337.6% | $34.8M+251.5% | $9.9M |
| Interest Expense | $13.4M+7.2% | $12.5M+5.9% | $11.8M+8.3% | $10.9M-4.4% | $11.4M+8.6% | $10.5M-8.7% | $11.5M-12.9% | $13.2M |
| Income Tax | $38.5M+12.6% | $34.2M+49.3% | $22.9M-37.1% | $36.4M+130.4% | $15.8M+61.2% | $9.8M+175.4% | -$13.0M-132.1% | -$5.6M |
| Net Income | $158.0M-27.6% | $218.1M+225.5% | $67.0M-50.4% | $135.0M-26.0% | $182.5M+43.8% | $126.9M+1221.9% | $9.6M+700.0% | -$1.6M |
| EPS (Diluted) | $0.39-29.1% | $0.55+223.5% | $0.17-50.0% | $0.34-26.1% | $0.46+48.4% | $0.31+1450.0% | $0.02 | $0.00 |
LEVI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8B+2.9% | $6.7B+1.9% | $6.5B+5.4% | $6.2B-2.8% | $6.4B+5.3% | $6.1B+3.1% | $5.9B-0.3% | $5.9B |
| Current Assets | $3.2B+4.9% | $3.0B+2.7% | $2.9B+10.5% | $2.7B-7.0% | $2.9B+8.1% | $2.6B+2.8% | $2.6B+0.8% | $2.5B |
| Cash & Equivalents | $757.9M+23.7% | $612.8M-6.2% | $653.6M+13.8% | $574.4M-16.8% | $690.0M+73.0% | $398.8M+35.4% | $294.5M-37.6% | $471.6M |
| Inventory | $1.2B-3.8% | $1.3B+3.0% | $1.2B+16.4% | $1.1B-5.1% | $1.1B-12.3% | $1.3B-6.1% | $1.4B+4.6% | $1.3B |
| Accounts Receivable | $774.7M+7.2% | $722.9M+17.1% | $617.5M-5.7% | $654.9M-7.8% | $710.0M-5.7% | $752.7M+9.1% | $690.2M+23.1% | $560.7M |
| Goodwill | $280.6M+0.6% | $278.8M+0.1% | $278.4M+0.8% | $276.2M-0.5% | $277.6M-8.6% | $303.7M+1.0% | $300.7M-19.4% | $373.2M |
| Total Liabilities | $4.6B+1.7% | $4.5B+1.1% | $4.4B+6.7% | $4.2B-5.5% | $4.4B+9.9% | $4.0B+1.9% | $3.9B-0.5% | $4.0B |
| Current Liabilities | $2.0B+2.7% | $2.0B0.0% | $2.0B+11.9% | $1.8B-12.0% | $2.0B+12.5% | $1.8B-1.1% | $1.8B+0.5% | $1.8B |
| Long-Term Debt | $1.0B-0.3% | $1.0B+0.9% | $1.0B+4.7% | $987.4M-0.7% | $994.0M-1.5% | $1.0B+0.5% | $1.0B+0.4% | $1.0B |
| Total Equity | $2.3B+5.4% | $2.2B+3.5% | $2.1B+2.7% | $2.0B+3.2% | $2.0B-3.7% | $2.0B+5.4% | $1.9B+0.2% | $1.9B |
| Retained Earnings | $1.9B+5.0% | $1.8B+3.8% | $1.7B+0.9% | $1.7B+3.2% | $1.7B-4.5% | $1.8B+4.7% | $1.7B-2.2% | $1.7B |
LEVI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $266.8M+975.8% | $24.8M-86.6% | $185.5M+253.3% | $52.5M-82.3% | $297.3M+14.8% | $258.9M+405.7% | $51.2M-82.1% | $286.2M |
| Capital Expenditures | $51.1M-20.4% | $64.2M+62.5% | $39.5M-40.7% | $66.6M+1.4% | $65.7M+4.0% | $63.2M-8.4% | $69.0M-2.1% | $70.5M |
| Free Cash Flow | $215.7M+647.5% | -$39.4M-127.0% | $146.0M+1135.5% | -$14.1M-106.1% | $231.6M+18.3% | $195.7M+1199.4% | -$17.8M-108.3% | $215.7M |
| Investing Cash Flow | -$59.0M-149.2% | $120.0M+304.8% | -$58.6M+17.6% | -$71.1M+20.0% | -$88.9M-11.4% | -$79.8M-0.5% | -$79.4M-27.2% | -$62.4M |
| Financing Cash Flow | -$63.1M+65.8% | -$184.7M-236.4% | -$54.9M+43.7% | -$97.5M-8.1% | -$90.2M-20.3% | -$75.0M+48.3% | -$145.0M-101.7% | -$71.9M |
| Dividends Paid | $54.7M-1.3% | $55.4M+7.8% | $51.4M0.0% | $51.4M0.0% | $51.4M+8.0% | $47.6M-0.2% | $47.7M+0.2% | $47.6M |
| Share Buybacks | $0 | $0-100.0% | $500K-98.3% | $30.0M-1.3% | $30.4M | $0 | $0 | $0 |
LEVI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.8%-0.9pp | 61.7%-1.0pp | 62.6%+0.6pp | 62.1%+0.3pp | 61.8%+0.9pp | 60.9%+5.3pp | 55.6%-3.1pp | 58.7% |
| Operating Margin | 11.9%+1.1pp | 10.8%+3.4pp | 7.5%-5.1pp | 12.6%+0.6pp | 11.9%+0.2pp | 11.7%+9.4pp | 2.3%+1.6pp | 0.7% |
| Net Margin | 8.9%-5.2pp | 14.1%+9.5pp | 4.6%-4.2pp | 8.8%-1.6pp | 10.4%+0.7pp | 9.7%+9.1pp | 0.6%+0.8pp | -0.1% |
| Return on Equity | 6.9%-3.1pp | 10.1%+6.9pp | 3.2%-3.4pp | 6.6%-2.6pp | 9.3%+3.1pp | 6.2%+5.7pp | 0.5% | N/A |
| Return on Assets | 2.3%-1.0pp | 3.3%+2.3pp | 1.0%-1.1pp | 2.2%-0.7pp | 2.9%+0.8pp | 2.1%+1.9pp | 0.2%+0.2pp | -0.0% |
| Current Ratio | 1.55+0.0 | 1.52+0.0 | 1.48-0.0 | 1.50+0.1 | 1.42-0.1 | 1.48+0.1 | 1.420.0 | 1.41 |
| Debt-to-Equity | 0.46-0.0 | 0.48-0.0 | 0.490.0 | 0.49-0.0 | 0.50+0.0 | 0.49-0.0 | 0.520.0 | 0.52 |
| FCF Margin | 12.2%+14.8pp | -2.5%-12.7pp | 10.1%+11.0pp | -0.9%-14.2pp | 13.2%-1.8pp | 15.0%+16.2pp | -1.2%-17.3pp | 16.1% |
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Frequently Asked Questions
What is Levi Strauss & Co.'s annual revenue?
Levi Strauss & Co. (LEVI) reported $6.3B in total revenue for fiscal year 2025. This represents a 4.1% 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 Levi Strauss & Co.'s revenue growing?
Levi Strauss & Co. (LEVI) revenue grew by 4.1% year-over-year, from $6.0B to $6.3B in fiscal year 2025.
Is Levi Strauss & Co. profitable?
Yes, Levi Strauss & Co. (LEVI) reported a net income of $578.1M in fiscal year 2025, with a net profit margin of 9.2%.
What is Levi Strauss & Co.'s earnings per share (EPS)?
Levi Strauss & Co. (LEVI) reported diluted earnings per share of $1.45 for fiscal year 2025. This represents a 178.8% 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.
What is Levi Strauss & Co.'s EBITDA?
Levi Strauss & Co. (LEVI) had EBITDA of $883.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Levi Strauss & Co. have?
As of fiscal year 2025, Levi Strauss & Co. (LEVI) had $757.9M in cash and equivalents against $1.0B in long-term debt.
What is Levi Strauss & Co.'s gross margin?
Levi Strauss & Co. (LEVI) had a gross margin of 61.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Levi Strauss & Co.'s operating margin?
Levi Strauss & Co. (LEVI) had an operating margin of 10.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Levi Strauss & Co.'s net profit margin?
Levi Strauss & Co. (LEVI) had a net profit margin of 9.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Levi Strauss & Co. pay dividends?
Yes, Levi Strauss & Co. (LEVI) paid $0.54 per share in dividends during fiscal year 2025.
What is Levi Strauss & Co.'s return on equity (ROE)?
Levi Strauss & Co. (LEVI) has a return on equity of 25.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Levi Strauss & Co.'s free cash flow?
Levi Strauss & Co. (LEVI) generated $308.2M in free cash flow during fiscal year 2025. This represents a -54.1% 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 Levi Strauss & Co.'s operating cash flow?
Levi Strauss & Co. (LEVI) generated $529.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Levi Strauss & Co.'s total assets?
Levi Strauss & Co. (LEVI) had $6.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Levi Strauss & Co.'s capital expenditures?
Levi Strauss & Co. (LEVI) invested $221.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Levi Strauss & Co. buy back shares?
Yes, Levi Strauss & Co. (LEVI) spent $30.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
What is Levi Strauss & Co.'s current ratio?
Levi Strauss & Co. (LEVI) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Levi Strauss & Co.'s debt-to-equity ratio?
Levi Strauss & Co. (LEVI) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Levi Strauss & Co.'s return on assets (ROA)?
Levi Strauss & Co. (LEVI) had a return on assets of 8.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Levi Strauss & Co.'s Altman Z-Score?
Levi Strauss & Co. (LEVI) has an Altman Z-Score of 2.97, 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 Levi Strauss & Co.'s Piotroski F-Score?
Levi Strauss & Co. (LEVI) has a Piotroski F-Score of 6 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Levi Strauss & Co.'s earnings high quality?
Levi Strauss & Co. (LEVI) has an earnings quality ratio of 0.92x, considered mixed 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 Levi Strauss & Co. cover its interest payments?
Levi Strauss & Co. (LEVI) has an interest coverage ratio of 13.9x, meaning it can comfortably 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 Levi Strauss & Co.?
Levi Strauss & Co. (LEVI) scores 59 out of 100 on our Financial Profile, indicating moderate 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.