NYSE : LEVI
Levi Strauss & Co. — Financial statements
Consumer Discretionary · Apparel Manufacturing · United States
Last price 22.5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.63B
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Financial statements
Levi Strauss & Co. (LEVI) reported revenue of 6.68B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.68B | 6.28B | 6.03B | 5.84B | 6.17B | 5.76B |
| Cost of Revenue | 2.56B | 2.40B | 2.37B | 2.48B | 2.62B | 2.42B |
| Gross Profit | 4.12B | 3.88B | 3.66B | 3.36B | 3.55B | 3.35B |
| Selling, General & Admin | 3.40B | 3.16B | 3.01B | 2.83B | 2.88B | 2.66B |
| Operating Expenses | 3.40B | 3.16B | 3.01B | 2.83B | 2.88B | 2.66B |
| Operating Income | 714.40M | 718.70M | 649.00M | 528.50M | 667.20M | 686.20M |
| Interest Expense | -52.30M | -48.60M | -41.80M | -45.90M | -25.70M | -72.90M |
| Interest & Investment Income | 4.70M | |||||
| Currency Exchange Gain (Loss) | 7.00M | -9.90M | -13.70M | -23.10M | -5.80M | -9.00M |
| Other Non Operating Income (Expenses) | 14.50M | 7.00M | -4.10M | -3.50M | 15.20M | 12.40M |
| EBT Excluding Unusual Items | 688.30M | 667.20M | 589.40M | 456.00M | 650.90M | 616.70M |
| Merger & Restructuring Charges | -51.30M | -36.60M | -263.80M | -69.60M | -9.10M | |
| Impairment of Goodwill | 2.50M | -36.30M | -75.40M | -11.60M | ||
| Gain (Loss) on Sale of Investments | 8.30M | 6.60M | 11.80M | 3.40M | 6.90M | |
| Asset Writedown | -2.50M | -2.50M | -75.10M | -29.10M | ||
| Legal Settlements | 41.50M | -3.50M | -8.40M | |||
| Other Unusual Items | 80.70M | -2.70M | -19.00M | 12.50M | -36.50M | |
| Pretax Income | 769.20M | 634.00M | 217.60M | 266.30M | 649.60M | 580.20M |
| Income Tax Expense | 168.50M | 132.00M | 7.20M | 15.70M | 80.50M | 26.70M |
| Earnings From Continuing Operations | 600.70M | 502.00M | 210.40M | 250.60M | 569.10M | 553.50M |
| Earnings From Discontinued Operations | -11.00M | 76.10M | 200.00K | -1.00M | ||
| Net Income to Company | 589.70M | 578.10M | 210.60M | 249.60M | 569.10M | 553.50M |
| Net Income | 589.70M | 578.10M | 210.60M | 249.60M | 569.10M | 553.50M |
| Net Income to Common | 589.70M | 578.10M | 210.60M | 249.60M | 569.10M | 553.50M |
| Shares Outstanding (Basic) | 388.79M | 395.52M | 398.23M | 397.21M | 397.34M | 401.63M |
| Shares Outstanding (Diluted) | 393.52M | 399.75M | 402.37M | 401.72M | 403.84M | 409.78M |
| EPS (Basic) | 1.52 | 1.46 | 0.53 | 0.63 | 1.43 | 1.38 |
| EPS (Diluted) | 1.49 | 1.45 | 0.52 | 0.62 | 1.41 | 1.35 |
| Free Cash Flow | 643.00M | 308.20M | 670.90M | 121.90M | -39.00M | 570.40M |
| Free Cash Flow Per Share | 1.63 | 0.77 | 1.67 | 0.30 | -0.10 | 1.39 |
| Dividend Per Share | 0.58 | 0.54 | 0.50 | 0.48 | 0.44 | 0.26 |
| Gross Margin | 61.61% | 61.73% | 60.63% | 57.53% | 57.53% | 58.06% |
| Operating Margin | 10.70% | 11.44% | 10.76% | 9.05% | 10.82% | 11.91% |
| Profit Margin | 8.83% | 9.20% | 3.49% | 4.27% | 9.23% | 9.60% |
| Free Cash Flow Margin | 9.63% | 4.91% | 11.12% | 2.09% | -0.63% | 9.90% |
| EBITDA | 937.70M | 924.70M | 841.90M | 693.80M | 826.10M | 829.40M |
| EBITDA Margin | 14.04% | 14.72% | 13.96% | 11.88% | 13.39% | 14.39% |
| D&A For EBITDA | 223.30M | 206.00M | 192.90M | 165.30M | 158.90M | 143.20M |
| EBIT | 714.40M | 718.70M | 649.00M | 528.50M | 667.20M | 686.20M |
| EBIT Margin | 10.70% | 11.44% | 10.76% | 9.05% | 10.82% | 11.91% |
| Effective Tax Rate | 21.91% | 20.82% | 3.31% | 5.90% | 12.39% | 4.60% |
| Advertising Expenses | 437.00M | 430.20M |
Balance sheet
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 641.40M | 757.90M | 690.00M | 398.80M | 429.60M | 810.30M |
| Short-Term Investments | 137.90M | 90.90M | 70.60M | 91.50M | ||
| Cash & Short-Term Investments | 779.30M | 848.80M | 690.00M | 398.80M | 500.20M | 901.80M |
| Receivables | 745.20M | 774.70M | 710.00M | 752.70M | 697.00M | 707.60M |
| Inventory | 1.25B | 1.24B | 1.13B | 1.29B | 1.42B | 898.00M |
| Other Current Assets | 323.50M | 292.50M | 319.80M | 196.00M | 213.90M | 202.50M |
| Total Current Assets | 3.24B | 3.15B | 2.85B | 2.64B | 2.83B | 2.71B |
| Property, Plant & Equipment | 1.83B | 1.83B | 1.75B | 1.71B | 1.59B | 1.61B |
| Goodwill | 285.00M | 280.60M | 277.60M | 303.70M | 365.70M | 386.90M |
| Other Intangible Assets | 192.90M | 194.40M | 196.60M | 267.60M | 286.70M | 291.30M |
| Long-Term Deferred Tax Assets | 834.60M | 830.10M | 798.50M | 729.50M | 625.00M | 573.10M |
| Other Long-Term Assets | 545.60M | 560.00M | 498.80M | 400.60M | 339.70M | 332.60M |
| Total Assets | 6.93B | 6.85B | 6.38B | 6.05B | 6.04B | 5.90B |
| Accounts Payable | 684.80M | 597.60M | 663.40M | 567.90M | 657.20M | 524.80M |
| Accrued Expenses | 694.10M | 771.90M | 715.80M | 644.70M | 773.30M | 765.00M |
| Short-Term Debt | 5.50M | 12.50M | 11.70M | 5.90M | ||
| Current Portion of Leases | 275.80M | 260.70M | 247.40M | 245.50M | 235.70M | 245.40M |
| Current Income Taxes Payable | 39.90M | 55.60M | 40.30M | 41.80M | 13.10M | 14.50M |
| Other Current Liabilities | 296.40M | 346.70M | 338.10M | 275.10M | 290.60M | 314.00M |
| Total Current Liabilities | 1.99B | 2.03B | 2.01B | 1.79B | 1.98B | 1.87B |
| Long-Term Debt | 1.04B | 1.04B | 994.00M | 1.01B | 984.50M | 1.02B |
| Long-Term Leases | 1.01B | 1.01B | 943.00M | 913.10M | 859.10M | 969.50M |
| Pension & Post-Retirement Benefits | 243.30M | 252.70M | 253.60M | 246.90M | 254.30M | 315.20M |
| Other Long-Term Liabilities | 225.10M | 240.20M | 203.90M | 50.30M | 54.60M | 59.40M |
| Total Liabilities | 4.51B | 4.57B | 4.41B | 4.01B | 4.13B | 4.23B |
| Common Stock | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K |
| Additional Paid-In Capital | 811.80M | 788.10M | 732.60M | 686.70M | 625.60M | 584.80M |
| Retained Earnings | 1.96B | 1.90B | 1.67B | 1.75B | 1.70B | 1.47B |
| Comprehensive Income & Other | -361.40M | -407.20M | -434.50M | -390.90M | -421.70M | -394.40M |
| Total Common Equity | 2.42B | 2.28B | 1.97B | 2.05B | 1.90B | 1.67B |
| Shareholders' Equity | 2.42B | 2.28B | 1.97B | 2.05B | 1.90B | 1.67B |
| Total Liabilities & Equity | 6.93B | 6.85B | 6.38B | 6.05B | 6.04B | 5.90B |
| Total Debt | 2.33B | 2.31B | 2.19B | 2.18B | 2.09B | 2.24B |
| Net Cash (Debt) | -1.55B | -1.46B | -1.50B | -1.78B | -1.59B | -1.34B |
| Net Cash Per Share | -3.94 | -3.64 | -3.73 | -4.44 | -3.94 | -3.27 |
| Filing Date Shares Outstanding | 383.47M | 390.47M | 395.88M | 397.98M | 394.84M | 398.02M |
| Total Common Shares Outstanding | 383.47M | 390.38M | 395.40M | 397.35M | 393.73M | 399.78M |
| Working Capital | 1.25B | 1.12B | 840.60M | 850.10M | 846.30M | 840.30M |
| Book Value Per Share | 6.30 | 5.84 | 4.98 | 5.15 | 4.84 | 4.17 |
| Tangible Book Value | 1.94B | 1.80B | 1.50B | 1.48B | 1.25B | 987.50M |
| Tangible Book Value Per Share | 5.05 | 4.62 | 3.78 | 3.71 | 3.18 | 2.47 |
| Land | 6.70M | 7.50M | 8.40M | 8.20M | 8.20M | |
| Buildings | 584.20M | 558.60M | 551.90M | 498.00M | 472.20M | |
| Machinery | 574.30M | 626.50M | 551.80M | 490.00M | 487.40M | |
| Construction In Progress | 80.10M | 11.80M | 168.00M | 165.90M | 67.80M |
Cash flow statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 589.70M | 578.10M | 210.60M | 249.60M | 569.10M | 553.50M |
| Depreciation & Amortization | 223.30M | 206.00M | 192.90M | 165.30M | 158.90M | 143.20M |
| Loss (Gain) From Sale of Assets | -42.10M | -164.10M | ||||
| Asset Writedown & Restructuring Costs | 10.20M | 19.10M | 139.50M | 156.60M | 37.80M | 21.90M |
| Stock-Based Compensation | 72.60M | 81.60M | 62.80M | 74.40M | 60.80M | 60.10M |
| Other Operating Activities | -19.30M | -33.40M | -57.90M | -101.90M | -48.20M | -17.60M |
| Change in Accounts Receivable | -48.90M | -48.90M | 14.80M | -49.90M | -6.70M | -181.50M |
| Change in Inventory | -51.60M | -51.60M | 14.90M | 142.90M | -543.00M | -84.70M |
| Change in Accounts Payable | -69.30M | -69.30M | 105.10M | -95.70M | 134.60M | 150.50M |
| Change in Other Net Operating Assets | 188.50M | 12.10M | 215.70M | -105.80M | -135.20M | 91.90M |
| Operating Cash Flow | 852.00M | 529.60M | 898.40M | 435.50M | 228.10M | 737.30M |
| Capital Expenditures | -209.00M | -221.40M | -227.50M | -313.60M | -267.10M | -166.90M |
| Sale of Property, Plant & Equipment | 700.00K | 23.10M | ||||
| Cash Acquisitions | -34.40M | -12.10M | -390.90M | |||
| Divestitures | 96.30M | 194.70M | ||||
| Investment in Securities | -41.70M | -89.40M | 70.80M | 20.20M | 3.90M | |
| Other Investing Activities | -199.90M | 24.30M | -19.20M | 14.20M | 11.20M | -17.90M |
| Investing Cash Flow | -353.60M | -68.70M | -281.10M | -240.70M | -235.70M | -571.80M |
| Short-Term Debt Issued | 200.00M | 404.00M | ||||
| Long-Term Debt Issued | 542.50M | 489.30M | ||||
| Total Debt Issued | -1.30M | 542.50M | 200.00M | 404.00M | 489.30M | |
| Short-Term Debt Repaid | -200.00M | -404.00M | ||||
| Long-Term Debt Repaid | -550.40M | -1.02B | ||||
| Total Debt Repaid | -550.40M | -200.00M | -404.00M | -1.02B | ||
| Net Debt Issued (Repaid) | -1.30M | -7.90M | -534.00M | |||
| Repurchase of Common Stock | -236.30M | -172.20M | -114.80M | -30.60M | -204.70M | -195.20M |
| Common Dividends Paid | -224.00M | -212.90M | -198.50M | -190.50M | -174.30M | -104.40M |
| Other Financing Activities | -7.10M | -7.20M | -6.00M | 7.00M | 13.60M | -7.30M |
| Financing Cash Flow | -468.70M | -400.20M | -319.30M | -214.10M | -365.40M | -840.90M |
| Foreign Exchange Rate Adjustments | -1.10M | 7.20M | -6.80M | -11.50M | -7.70M | -11.60M |
| Net Cash Flow | 28.60M | 67.90M | 291.20M | -30.80M | -380.70M | -687.00M |
| Free Cash Flow | 643.00M | 308.20M | 670.90M | 121.90M | -39.00M | 570.40M |
| Free Cash Flow Margin | 9.63% | 4.91% | 11.12% | 2.09% | -0.63% | 9.90% |
| Free Cash Flow Per Share | 1.63 | 0.77 | 1.67 | 0.30 | -0.10 | 1.39 |
| Levered Free Cash Flow | 340.51M | 355.41M | 721.40M | 111.92M | -47.36M | 473.16M |
| Unlevered Free Cash Flow | 373.20M | 385.79M | 747.52M | 140.61M | -31.30M | 518.72M |
| Cash Interest Paid | 37.00M | 37.00M | 38.20M | 42.80M | 37.50M | 54.40M |
| Cash Income Tax Paid | 183.60M | 159.80M | 102.30M | 89.30M | 129.30M | 109.60M |
| Change in Working Capital | 18.70M | -157.70M | 350.50M | -108.50M | -550.30M | -23.80M |
Ratios
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.63B | 8.61B | 6.93B | 6.11B | 6.35B | 10.94B |
| Enterprise Value | 10.18B | 10.20B | 8.60B | 7.92B | 7.86B | 11.96B |
| Last Close Price | 22.50 | 21.45 | 16.51 | 14.16 | 14.36 | 23.67 |
| PE Ratio | 15.07 | 14.89 | 32.89 | 24.49 | 11.16 | 19.76 |
| Forward PE | 14.37 | 15.79 | 12.77 | 11.91 | 11.78 | 17.95 |
| PS Ratio | 1.29 | 1.37 | 1.15 | 1.05 | 1.03 | 1.90 |
| PB Ratio | 3.57 | 3.78 | 3.52 | 2.99 | 3.34 | 6.57 |
| P/TBV Ratio | 4.45 | 4.77 | 4.63 | 4.14 | 5.08 | 11.07 |
| P/FCF Ratio | 13.42 | 27.94 | 10.32 | 50.14 | 19.17 | |
| P/OCF Ratio | 10.13 | 16.26 | 7.71 | 14.03 | 27.86 | 14.83 |
| PEG Ratio | 1.35 | 1.58 | 0.94 | 1.48 | 2.10 | 0.35 |
| EV/Sales Ratio | 1.52 | 1.62 | 1.43 | 1.36 | 1.27 | 2.07 |
| EV/EBITDA Ratio | 10.86 | 11.03 | 10.22 | 11.42 | 9.51 | 14.41 |
| EV/EBIT Ratio | 14.25 | 14.19 | 13.25 | 14.99 | 11.78 | 17.42 |
| EV/FCF Ratio | 15.83 | 33.09 | 12.82 | 65.01 | 20.96 | |
| Debt / Equity Ratio | 0.96 | 1.01 | 1.11 | 1.07 | 1.10 | 1.35 |
| Debt / EBITDA Ratio | 1.72 | 1.73 | 1.76 | 2.05 | 1.77 | 1.91 |
| Debt / FCF Ratio | 3.62 | 7.48 | 3.26 | 17.89 | 3.93 | |
| Net Debt / Equity Ratio | 0.64 | 0.64 | 0.76 | 0.87 | 0.84 | 0.80 |
| Net Debt / EBITDA Ratio | 1.65 | 1.57 | 1.78 | 2.57 | 1.93 | 1.61 |
| Net Debt / FCF Ratio | 2.41 | 4.73 | 2.24 | 14.62 | -40.79 | 2.35 |
| Asset Turnover | 0.98 | 0.95 | 0.97 | 0.97 | 1.03 | 1.00 |
| Inventory Turnover | 2.02 | 2.03 | 1.96 | 1.83 | 2.26 | 2.82 |
| Quick Ratio | 0.77 | 0.80 | 0.70 | 0.64 | 0.60 | 0.86 |
| Current Ratio | 1.63 | 1.55 | 1.42 | 1.48 | 1.43 | 1.45 |
| Return on Equity (ROE) | 26.25% | 23.63% | 10.48% | 12.69% | 31.89% | 37.33% |
| Return on Assets (ROA) | 6.57% | 6.79% | 6.53% | 5.46% | 6.99% | 7.43% |
| Return on Invested Capital (ROIC) | 14.77% | 15.79% | 17.20% | 13.58% | 17.99% | 24.38% |
| Return on Capital Employed (ROCE) | 14.50% | 14.90% | 14.90% | 12.40% | 16.40% | 17.00% |
| Earnings Yield | 6.64% | 6.71% | 3.04% | 4.08% | 8.96% | 5.06% |
| FCF Yield | 7.45% | 3.58% | 9.69% | 1.99% | -0.61% | 5.22% |
| Dividend Yield | 2.84% | 2.45% | 2.85% | 3.12% | 2.73% | 0.95% |
| Payout Ratio | 42.87% | 36.83% | 94.25% | 76.32% | 30.63% | 18.86% |
| Buyback Yield / Dilution | 1.75% | 0.65% | -0.16% | 0.53% | 1.45% | -3.14% |
| Total Shareholder Return | 4.59% | 3.10% | 2.69% | 3.65% | 4.17% | -2.19% |