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Levi Strauss & Co.

LEVI Consumer Cyclical Apparel Manufacturing

Levi Strauss & Co.’s revenue for fiscal 2025 (year ended November 2025) was $6.3 billion, up 4.14% from fiscal 2024. In the quarter to August 2026, revenue grew 4.30%, EPS fell 20.6%, free cash flow grew 212.7% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.

22.51 0.10 −0.44%
Market cap
$8.7B
P/E
14.8×
Fwd P/E
13.9×
Dividend yield
2.67%
F-score
7/9
Altman Z
2.97
Beneish M
−2.38
Dividend safety
75/100
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions trades per month

Total sells 42.53
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — 1 2 — 1 6 5 1 — — —
Insider Ownership 74.90%

Capital & Financial Ratios $m

Market Cap 8,670.00
Revenue 6,680.00
Net Income 589.70
Free Cash Flow 643.70
Net Debt 264.30
Current Ratio 1.63 (at or above 1.5: strong)
Debt/Equity 0.43 (at or below 0.5: strong)
P/E ratio 14.84
Fwd P/E 13.90
P/S ratio 1.30
P/B ratio 3.60
Past 5Y EPS Growth —
This Y EPS Growth 16.90% (at or above 15%: strong)
Next Y EPS Growth 6.83%
Next Y revenue growth 7.26%
Next 5Y EPS Growth 11.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 1.4×; over the ten years it ranged from 0.9× in 2020 to 2.7× in 2021.
P/E against its own 10 years 37.75%
10-year low 10-year high
P/S against its own 10 years 56.03%
10-year low 10-year high
P/B against its own 10 years 31.17%
10-year low 10-year high
EV/Sales against its own 10 years 57.70%
10-year low 10-year high
EV/FCF against its own 10 years 17.91%
10-year low 10-year high

Dividends

Payout Ratio 0.40
Annual Dividend Rate 0.60
Annual Dividend Yield 2.67%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.60
0.14
0.14
0.16
0.16
2025 0.54
0.13
0.13
0.14
0.14
2024 0.50
0.12
0.12
0.13
0.13
2023 0.48
0.12
0.12
0.12
0.12
2022 0.44
0.10
0.10
0.12
0.12
2021 0.26
0.04
0.06
0.08
0.08
2020 0.16
0.08
0.08
2019 0.15
0.15
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 399 690 849 779
Receivables 753 710 775 745
Inventory 1,290 1,131 1,238 1,254
Other 196 320 293 464
2,638 2,851 3,154 3,242
2023 2024 2025 Q'26
Payables 568 663 598 685
ST’ Debt — — — —
Other — — — —
1,788 2,011 2,033 1,991

Compound Annual Growth %

10y 5y 3y
Sales 3.41% 7.13% 0.61%
Cash Flow 9.27% 2.43% 32.42%
Earnings 10.69% 0.00% 0.52%
Book Value 18.98% 11.89% 6.18%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.36 Actual 0.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.39 0.41 Beat by 0.02
Q1 FY26 0.37 0.42 Beat by 0.05
Q2 FY26 0.24 0.28 Beat by 0.04
Q3 FY26 0.36 0.48 Beat by 0.12
Q4 FY26 0.38 — Reports 27 January 2027

EPS $

Feb May Aug Nov Year
’26 0.45 0.22 0.43 — —
’25 0.34 0.17 0.55 0.40 1.45
’24 (0.03) 0.04 0.05 0.46 0.52
’23 0.29 0.00 0.02 0.32 0.62
’22 0.48 0.12 0.43 0.38 1.41
’21 0.35 0.16 0.47 0.37 1.35
’20 0.37 (0.91) 0.07 0.14 (0.32)
Fiscal quarters ending in the months shown.

Revenue $m

Feb May Aug Nov Year
’26 1,743 1,562 1,610 — —
’25 1,527 1,446 1,543 1,766 6,282
’24 1,480 1,359 1,443 1,750 6,032
’23 1,689 1,337 1,511 1,305 5,842
’22 1,592 1,471 1,517 1,589 6,169
’21 1,306 1,276 1,498 1,685 5,764
’20 1,506 498 1,063 1,386 4,453
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Feb May Aug Nov Year
’26 212 271 103 — —
’25 53 186 25 267 530
’24 286 263 52 297 898
’23 (161) 286 51 259 436
’22 86 60 64 18 228
’21 69 179 251 238 737
’20 198 (157) 200 229 470
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Feb May Aug Nov Year
’26 152 231 44 — —
’25 (14) 168 (39) 216 331
’24 214 223 2 232 671
’23 (272) 216 (18) 196 122
’22 13 13 (12) (52) (39)
’21 32 148 210 180 570
’20 153 (187) 185 188 339
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to November

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low — — — 16.00 9.09 19.25 13.57 12.42 14.87 12.17 (4.5%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High — — — 24.50 21.83 30.84 25.25 19.36 24.34 24.82 +0.2% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 13,200 13,800 15,100 15,800 14,800 16,600 18,000 19,100 18,700 19,000 +4.1% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.34 0.36 0.37 0.36 0.30 0.35 0.34 0.31 0.32 0.33 (0.5%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 4,553 4,904 5,575 5,763 4,453 5,764 6,169 5,842 6,032 6,282 +3.6% 6,738 7,047 7,394 +5.6%
Gross margin, % 51.16 52.26 53.77 53.81 52.84 58.06 57.53 57.53 60.63 61.73 +10.6 pt
EBT 407 349 500 478 (190) 580 650 266 218 634 +5.0%
EBT margin, % 8.95 7.11 8.97 8.29 (4.26) 10.07 10.53 4.56 3.61 10.09 +1.1 pt
Net income 291 285 285 395 (127) 554 569 250 211 578 +7.9%
Depreciation 119 148 120 124 142 143 171 256 310 209 +6.5%
Per share, $
Per share, $ Revenue 12.14 13.04 14.78 14.81 11.21 14.35 15.52 14.71 15.15 15.88 +3.0%
Earnings 0.78 0.76 0.76 1.01 (0.32) 1.38 1.43 0.63 0.53 1.46 +7.3%
Cash flow 0.82 1.40 1.11 1.06 1.18 1.84 0.57 1.10 2.26 1.34 +5.6%
Capex (0.23) (0.32) (0.42) (0.45) (0.33) (0.42) (0.67) (0.79) (0.57) (0.50) +9.2%
Free cash flow 0.59 1.08 0.69 0.61 0.85 1.42 (0.10) 0.31 1.68 0.84 +4.0%
Book value 1.58 2.20 2.56 4.04 3.27 4.15 4.79 5.15 4.95 5.76 +15.5%
Shares, m 375 376 377 389 397 402 397 397 398 396 +0.6%
Valuation, ×
Valuation, × P/E 18.74 18.74 18.74 16.48 0.00 18.53 11.48 24.74 34.30 15.27 17.7
P/S 1.49 1.49 1.49 1.12 1.64 1.78 1.06 1.05 1.20 1.40 1.4
P/B 8.37 8.37 8.37 4.12 5.62 6.17 3.45 3.01 3.67 3.87 5.5
EV/Sales 1.55 1.55 1.55 1.13 1.69 1.94 1.27 1.29 1.38 1.56 1.5
EV/FCF 35.79 35.79 35.79 27.47 22.15 19.60 (201.07) 61.96 12.42 29.57 7.9
Cash, $m
Cash, $m Operating cash flow 307 526 420 412 470 737 228 436 898 530 +6.3%
Capex (86) (119) (159) (175) (130) (167) (267) (314) (227) (198) +9.8%
Free cash flow 221 407 261 237 339 570 (39) 122 671 331 +4.6%
Balance, $m
Balance, $m Working capital 924 1,118 1,236 1,703 1,577 840 846 850 841 1,121 +2.2%
Total debt 1,022 1,039 1,020 1,007 1,547 1,021 985 1,009 994 1,039 +0.2%
Net debt 646 405 307 (8) (47) 119 484 611 304 190 (12.7%)
Shareholders’ equity 591 829 967 1,572 1,299 1,666 1,904 2,046 1,971 2,279 +16.2%
Returns, %
Returns, % ROA 9.91 8.87 8.21 10.15 (2.57) 9.59 9.53 4.13 3.39 8.74 (1.2) pt
ROIC 23.35 24.30 26.52 22.66 (4.25) 24.03 16.92 8.34 7.22 17.15 (6.2) pt
ROE 58.69 39.62 31.53 31.09 (8.85) 37.33 31.89 12.64 10.49 27.21 (31.5) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 13 Oct 2026

Levi Strauss & Co. vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RL Ralph Lauren Corporation $23.8B 24.4× 20.4× +14.00% (above 0%: growing) +20.44% (above 0%: growing) +2,652.68% (above 0%: growing) 73.69% 17.47% Compare
LEVI Levi Strauss & Co. $8.7B 14.8× 13.9× +4.30% (above 0%: growing) −20.60% (below 0%: shrinking) +212.72% (above 0%: growing) 66.21% 13.81%
VFC V.F. Corporation $7.2B 25.7× 15.6× −5.18% (below 0%: shrinking) n/m +50.99% (above 0%: growing) 54.93% (4.98%) Compare
ZGN Ermenegildo Zegna N.V. $5.7B — (loss-making) 32.1× — n/m +56.38% (above 0%: growing) 55.40% 0.00% Compare
KTB Kontoor Brands, Inc. $4.1B 15.3× 13.9× −11.24% (below 0%: shrinking) −11.28% (below 0%: shrinking) +104.36% (above 0%: growing) 56.18% 15.49% Compare
PVH PVH Corp. $4.1B — (loss-making) 14.2× −3.24% (below 0%: shrinking) n/m +111.16% (above 0%: growing) 63.03% (9.10%) Compare
FIGS FIGS, Inc. $3.6B 57.6× 55.2× +28.81% (above 0%: growing) +325.00% (above 0%: growing) +427.35% (above 0%: growing) 75.20% 17.93% Compare
COLM Columbia Sportswear Company $3.3B 17.4× 13.1× +1.51% (above 0%: growing) n/m +324.26% (above 0%: growing) 58.34% 5.03% Compare
UA Under Armour, Inc. $2.1B — (loss-making) — −3.19% (below 0%: shrinking) n/m +600.79% (above 0%: growing) 54.09% 4.26% Compare
Median of peers $4.1B 24.4× 15.6× −3.19% +20.44% +217.71% 57.26% 4.65%

All 23 Apparel Manufacturing stocks →

Pay and ownership Proxy statement filed 11 March 2026

Ownership

Directors and executive officers, together less than 1% of the votes
Margaret E. Haas 14.30% of the votes
Mimi L. Haas 13.90% of the votes
Robert D. Haas 12.30% of the votes
Peter E. Haas Jr. Family Fund 8.00% of the votes
Daniel S. Haas 8.00% of the votes
Jennifer C. Haas 7.10% of the votes
Bradley J. Haas 6.80% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Levi Strauss & Co. (LEVI) Latest News

26 Oct

Impact 3 ·

23 Oct

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21 Oct

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19 Oct

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16 Oct

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12 Oct

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10 Oct

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9 Oct

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8 Oct

Impact 4 ·
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Impact 4 · transcript
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7 Oct

Impact 4 ·
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Impact 3 ·
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stockrow.com/LEVI · Data as of Oct 13, 2026 · For information only; not investment advice. · © 2026 stockrow.com