Levi Strauss
LEVI NYSE· Apparel, Accessories & Luxury Goods
Last close · Oct 27, 2026
$21.78
KIRA · Stoqly’s AI analyst, in plain words
- Levi Strauss had $6.3B of revenue in fiscal 2025, up 4.1% on the year before. Over five years, revenue changed +7.1% a year on average.
- Its operating margin was 10.8%, up 6.4 pts: of every 100 in sales, about 11 is left after running the business.
- Levi Strauss made $578M of net profit in fiscal 2025.
- Free cash flow was $308M in fiscal 2025, 4.9% of revenue.
- Levi Strauss returned $243M to shareholders in fiscal 2025, 79% of free cash flow. The diluted share count fell 0.7%.
- Levi Strauss owes $276M more than it holds in cash, about 0.3 years of operating profit.
Market cap
$8.5B
P/E
14.5x
Revenue
$6.3B
Net income
$578M
Free cash flow
$308M
Operating margin
10.8%
Levi Strauss in 30 seconds · fiscal 2025
Are sales growing?
+4.1%
Only a little. Sales grew 4.1% last year.
Does it make a profit?
9.2%
A little. It keeps 9.2% of every sale as profit.
Does profit turn into cash?
4.9%
Partly. 4.9% of sales ends up as free cash.
Is debt under control?
0.3x
Yes. It could repay its debt with 0.3 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
14.5x
One share costs 14.5 times its yearly profit per share. Typical for its sector: 17.9x.
What Levi Strauss does
Levi Strauss designs and sells jeans, casual pants, activewear, tops, jackets and accessories for men, women and children. Its brands include Levi's, Levi Strauss Signature, a lower-priced line sold through mass-market retailers in the U.S. and Canada, and Beyond Yoga, an activewear brand. Its products are sold in about 120 countries and about 50,000 retail locations, and it says over half of its net revenue in fiscal 2025 came from outside the U.S. The Levi's brand made 94% of net revenue in fiscal 2025, Levi Strauss Signature 4% and Beyond Yoga 2%. It reports the Levi's brands in three regional segments: the Americas, Europe and Asia. It sells both wholesale, to department stores, specialty shops and online sellers, and directly to shoppers. Its own stores brought in 33% of net revenue and its own websites 11%, while its top ten wholesale customers made up 24%.
Biggest risks, in its own words
- Losing value in the Levi's name and the reputation of its brands.
- Failing to predict what shoppers want and to offer new, on-trend products at attractive prices.
- Its reliance on a group of key wholesale customers for a large share of sales.
- Its reliance on outside contract manufacturers, many of them overseas, and the risk of tariffs or trade disputes.
- Fiscal year ends
- November 30, 2025
- Latest annual report
- 10-K · Jan 28, 2026
- Legal name
- LEVI STRAUSS & CO
- CIK
- 0000094845
Levi Strauss · LEVI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $5.8B | $6.2B | $5.8B | $6.0B | $6.3B |
| Revenue growth | 29.5% | 7.0% | −5.3% | 3.3% | 4.1% |
| Gross margin | 58.1% | 57.5% | 57.5% | 60.6% | 61.7% |
| Operating margin | 11.9% | 10.5% | 6.1% | 4.4% | 10.8% |
| Net income | $554M | $569M | $250M | $211M | $578M |
| Net margin | 9.6% | 9.2% | 4.3% | 3.5% | 9.2% |
| Diluted EPS | $1.35 | $1.41 | $0.62 | $0.52 | $1.45 |
| Cash | |||||
| Cash from operations | $737M | $228M | $436M | $898M | $530M |
| Capital expenditure | $167M | $267M | $314M | $228M | $221M |
| Free cash flow | $570M | −$39.0M | $122M | $671M | $308M |
| FCF margin | 9.9% | −0.6% | 2.1% | 11.1% | 4.9% |
| Dividends paid | $104M | $174M | $191M | $199M | $213M |
| Share buybacks | $85.9M | $176M | $8.1M | $90.1M | $30.5M |
| Share count change | 3.1% | −1.5% | −0.5% | 0.2% | −0.7% |
| Debt and strength | |||||
| Cash and short-term investments | $902M | $500M | $399M | $690M | $849M |
| Debt incl. finance leases | $1.0B | $996M | $1.0B | $1,000M | $1.1B |
| Shareholders' equity | $1.7B | $1.9B | $2.0B | $2.0B | $2.3B |
| Net debt / EBITDA | 0.2x | 0.6x | 1.2x | 0.7x | 0.3x |
| Current ratio | 1.5x | 1.4x | 1.5x | 1.4x | 1.6x |
| Interest coverage | 9.4x | 25.2x | 7.7x | 6.3x | 13.9x |
| Returns and quality | |||||
| Return on capital | 42.8% | 27.0% | 13.2% | 10.3% | 22.2% |
| Return on equity | 37.3% | 31.9% | 12.6% | 10.5% | 27.2% |
| Piotroski F-score | 6 | 5 | 5 | 6 | 7 |
| Altman Z'' | 2.9 | 3.0 | 2.8 | 2.5 | 3.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$42.5M
7 insiders
Of sales under plans
83%
$35.4M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Levi Strauss · LEVI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Levi Strauss LEVI | $8.5B | 4.1% | 10.8% | 4.9% | 22.2% | 14.5x | 7 |
| Amer Sports AS | $15.9B | 26.7% | 10.7% | 7.8% | 8.5% | — | 7 |
| Under Armour UAA | $2.0B | −3.8% | −3.3% | −3.3% | −6.0% | — | 3 |
| Tapestry TPR | $23.4B | 14.2% | 23.9% | 22.6% | 77.9% | — | 7 |
| Ralph Lauren RL | $24.0B | 14.6% | 14.5% | 9.2% | 45.4% | 24.7x | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $21.78 a share, the company is worth $8.5B: 14.5 times its earnings of the last four quarters.
Levi Strauss grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000094845). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.