Levi Strauss & Co. (LEVI) Financials

$22.71 -0.32 (-1.39%)

Closing price 03:59 PM Eastern

Extended Trading

$22.75 +0.04 (+0.18%)

As of 06:54 PM Eastern

Annual Income Statements for Levi Strauss & Co.

This table shows Levi Strauss & Co.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/29/2015	11/27/2016	11/26/2017	11/25/2018	11/24/2019	11/29/2020	11/28/2021	11/27/2022	11/26/2023	12/1/2024	11/30/2025
Net Income / (Loss) Attributable to Common Shareholders	209	291	281	287	395	-127	554	569	250	211	578
Consolidated Net Income / (Loss)	210	291	285	285	395	-127	554	569	250	211	578
Net Income / (Loss) Continuing Operations	210	291	285	285	395	-127	554	569	251	210	502
Total Pre-Tax Income	310	407	349	500	478	-190	580	650	266	218	634
Total Operating Income	431	462	480	540	567	-85	686	647	354	263	678
Total Gross Profit	2,269	2,329	2,563	2,998	3,101	2,353	3,347	3,549	3,361	3,657	3,878
Total Revenue	4,494	4,553	4,904	5,575	5,763	4,453	5,764	6,169	5,842	6,032	6,282
Operating Revenue	4,494	4,553	4,904	5,575	5,763	4,453	5,764	6,169	5,842	6,032	6,282
Total Cost of Revenue	2,226	2,224	2,341	2,577	2,662	2,100	2,417	2,620	2,481	2,375	2,404
Operating Cost of Revenue	2,226	2,224	2,341	2,577	2,662	2,100	2,417	2,620	2,481	2,375	2,404
Total Operating Expenses	1,838	1,867	2,083	2,458	2,535	2,438	2,661	2,902	3,006	3,394	3,200
Selling, General & Admin Expense	1,824	1,867	2,083	2,458	2,535	2,348	2,661	2,882	2,896	3,092	3,173
Impairment Charge	-	-	-	-	-	-	0.00	12	90	117	2.50
Restructuring Charge	14	-	-	0.00	0.00	90	-	9.10	20	186	25
Total Other Income / (Expense), net	-121	-55	-131	-40	-89	-105	-106	3.10	-88	-45	-44
Interest Expense	95	73	91	55	66	82	109	26	46	42	49
Other Income / (Expense), net	-25	18	-40	15	-23	-22	3.40	29	-42	-3.30	5.00
Income Tax Expense	101	116	64	215	83	-63	27	81	16	7.20	132
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-1.00	0.20	76
Basic Earnings per Share	-	-	$0.75	$0.75	$1.01	($0.32)	$1.38	$1.43	$0.63	$0.53	$1.46
Weighted Average Basic Shares Outstanding	37.46M	37.47M	376.18M	377.14M	389.08M	397.32M	401.63M	397.34M	397.21M	398.23M	395.52M
Diluted Earnings per Share	-	-	$0.73	$0.73	$0.97	($0.32)	$1.35	$1.41	$0.62	$0.52	$1.45
Weighted Average Diluted Shares Outstanding	37.46M	37.47M	384.34M	388.61M	408.37M	397.32M	409.78M	403.84M	401.72M	402.37M	399.75M
Weighted Average Basic & Diluted Shares Outstanding	37.46M	37.47M	37.52M	377.50M	390.70M	398.06M	398.02M	394.84M	397.98M	395.88M	390.47M
Cash Dividends to Common per Share	-	-	-	$0.24	$0.30	$0.16	$0.26	$0.44	$0.48	$0.50	$0.54

This table shows Levi Strauss & Co.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	12/1/2024	3/2/2025	6/1/2025	8/31/2025	11/30/2025	3/1/2026
Net Income / (Loss) Attributable to Common Shareholders	100	37	-11	18	21	71	135	67	218	158	176
Consolidated Net Income / (Loss)	9.60	127	-11	18	21	183	135	67	218	158	176
Net Income / (Loss) Continuing Operations	100	37	-9.80	17	23	71	140	80	122	160	177
Total Pre-Tax Income	-3.40	137	-12	11	22	200	177	103	156	199	228
Total Operating Income	35	151	0.60	21	33	212	192	108	167	211	199
Total Gross Profit	840	950	870	832	874	1,127	948	906	952	1,073	1,078
Total Revenue	1,511	1,642	1,480	1,359	1,443	1,840	1,527	1,446	1,543	1,766	1,743
Operating Revenue	1,511	1,642	1,480	1,359	1,443	1,840	1,527	1,446	1,543	1,766	1,743
Total Cost of Revenue	672	693	610	526	569	713	579	540	592	693	664
Operating Cost of Revenue	672	693	610	526	569	713	579	540	592	693	664
Total Operating Expenses	715	889	869	812	841	1,026	756	798	784	862	880
Selling, General & Admin Expense	713	798	756	756	726	895	749	791	776	857	872
Restructuring Charge	1.50	0.90	113	55	3.40	14	6.70	6.80	8.60	2.40	7.90
Total Other Income / (Expense), net	-38	-15	-12	-9.90	-11	-12	-15	-5.50	-11	-12	30
Interest Expense	12	11	10	10	10	11	11	12	13	13	13
Other Income / (Expense), net	-27	-4.10	-2.30	0.40	-0.40	-1.00	-4.10	6.30	1.30	1.50	43
Income Tax Expense	-13	9.70	-1.90	-6.20	-0.50	17	36	23	34	39	51
Net Income / (Loss) Discontinued Operations	-	-	-0.80	0.80	-2.00	-	-5.20	-13	96	-2.20	-1.30
Basic Earnings per Share	$0.02	$0.32	($0.03)	$0.05	$0.05	$0.46	$0.34	$0.17	$0.55	$0.40	$0.45
Weighted Average Basic Shares Outstanding	397.77M	397.21M	398.94M	398.80M	398.19M	398.23M	396.58M	396.41M	395.66M	395.52M	389.91M
Diluted Earnings per Share	$0.02	$0.31	($0.03)	$0.04	$0.05	$0.46	$0.34	$0.17	$0.55	$0.39	$0.45
Weighted Average Diluted Shares Outstanding	400.99M	401.72M	398.94M	402.91M	402.40M	402.37M	400.05M	399.05M	399.53M	399.75M	394.20M
Weighted Average Basic & Diluted Shares Outstanding	397.13M	397.98M	398.03M	397.50M	396.73M	395.88M	395.33M	395.65M	390.83M	390.47M	384.60M
Cash Dividends to Common per Share	$0.12	-	$0.12	$0.12	$0.13	-	$0.13	$0.13	$0.14	-	$0.14

This table details how cash moves in and out of Levi Strauss & Co.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/29/2015	11/27/2016	11/26/2017	11/25/2018	11/24/2019	11/29/2020	11/28/2021	11/27/2022	11/26/2023	12/1/2024	11/30/2025
Net Change in Cash & Equivalents	20	57	258	79	221	563	-687	-381	-31	291	68
Net Cash From Operating Activities	218	307	526	420	412	470	737	228	436	898	530
Net Cash From Continuing Operating Activities	218	307	526	420	412	470	737	228	436	898	530
Net Income / (Loss) Continuing Operations	210	291	285	285	395	-127	554	569	250	211	578
Consolidated Net Income / (Loss)	210	291	285	285	395	-127	554	569	250	211	578
Depreciation Expense	102	104	117	120	124	142	143	159	165	193	206
Non-Cash Adjustments To Reconcile Net Income	3.49	-14	79	20	58	118	118	99	208	217	-100
Changes in Operating Assets and Liabilities, net	-114	-90	15	-5.04	-164	337	-78	-599	-187	278	-154
Net Cash From Investing Activities	-81	-68	-124	-179	-243	-189	-572	-236	-241	-281	-69
Net Cash From Continuing Investing Activities	-81	-68	-124	-179	-243	-189	-572	-236	-241	-281	-69
Purchase of Property, Plant & Equipment	-105	-103	-119	-159	-175	-130	-167	-267	-314	-228	-221
Acquisitions	-	-	-	0.00	0.00	-55	-391	0.00	-12	-34	0.00
Purchase of Investments	-	-	-5.77	-20	-102	-97	-141	-60	16	-17	-111
Sale of Property, Plant & Equipment	9.03	17	-	-	-	-	-	-	0.00	0.00	23
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	195
Sale and/or Maturity of Investments	15	17	0.00	0.00	34	94	127	93	71	0.00	46
Other Investing Activities, net	-	-	-	-	-	0.00	-	-1.20	-1.90	-1.80	0.00
Net Cash From Financing Activities	-95	-174	-152	-149	55	286	-841	-365	-214	-319	-400
Net Cash From Continuing Financing Activities	-95	-174	-152	-149	55	286	-841	-365	-214	-319	-400
Repayment of Debt	-385	-298	-70	-2.59	-24	196	-541	-390	-193	-6.00	-558
Repurchase of Common Equity	-4.18	-2.56	-25	-27	-23	-56	-86	-176	-8.10	-90	-151
Payment of Dividends	-50	-60	-70	-90	-114	-64	-104	-174	-191	-199	-213
Issuance of Debt	869	223	538	0.00	0.00	300	0.00	404	200	0.00	543
Other Financing Activities, net	-525	-36	-525	-29	-41	-91	-109	-29	-23	-25	-22
Effect of Exchange Rate Changes	-22	-7.66	-	-	-2.81	-4.20	-12	-7.70	-12	-6.80	7.20
Cash Interest Paid	78	67	52	51	54	74	54	38	43	38	37
Cash Income Taxes Paid	61	57	55	96	97	50	110	129	89	102	160

This table details how cash moves in and out of Levi Strauss & Co.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	12/1/2024	3/2/2025	6/1/2025	8/31/2025	11/30/2025	3/1/2026
Net Change in Cash & Equivalents	-177	104	118	125	-64	113	-116	79	-41	145	-41
Net Cash From Operating Activities	51	259	286	263	52	297	53	186	25	267	212
Net Cash From Continuing Operating Activities	51	259	286	263	52	297	53	186	25	267	212
Net Income / (Loss) Continuing Operations	9.60	127	-11	18	21	183	135	67	218	158	176
Consolidated Net Income / (Loss)	9.60	127	-11	18	21	183	135	67	218	158	176
Depreciation Expense	43	43	45	44	50	54	49	50	52	55	56
Non-Cash Adjustments To Reconcile Net Income	118	59	24	12	142	25	22	26	-129	-22	-19
Changes in Operating Assets and Liabilities, net	-120	30	228	189	-160	36	-154	42	-116	76	-0.60
Net Cash From Investing Activities	-79	-80	-72	-70	-51	-89	-71	-59	120	-59	26
Net Cash From Continuing Investing Activities	-79	-80	-72	-70	-51	-89	-71	-59	120	-59	26
Purchase of Property, Plant & Equipment	-69	-63	-72	-40	-50	-66	-67	-40	-64	-51	-59
Purchase of Investments	-7.00	-11	0.00	5.10	-0.60	-23	-4.00	-42	-11	-54	-27
Divestitures	-	-	-	-	-	-	0.00	-	-	-	96
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	23
Other Investing Activities, net	-	-1.90	-0.10	-0.20	-0.20	-0.50	-0.50	0.50	-	-	-6.50
Net Cash From Financing Activities	-145	-75	-95	-68	-66	-90	-98	-55	-185	-63	-284
Net Cash From Continuing Financing Activities	-145	-75	-95	-68	-66	-90	-98	-55	-185	-63	-284
Repayment of Debt	-95	-26	-6.30	-0.70	5.80	-4.80	2.20	-2.80	-551	-6.30	0.80
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	-	-	-	-200
Repurchase of Common Equity	-	-	-25	-17	-18	-30	-30	-0.50	-	-120	0.00
Payment of Dividends	-48	-48	-48	-48	-52	-51	-51	-51	-55	-55	-54
Other Financing Activities, net	-2.20	-1.30	-15	-3.10	-2.70	-3.60	-18	-0.20	-2.40	-0.80	-31
Effect of Exchange Rate Changes	-4.00	0.30	-1.90	-	0.40	-5.30	0.50	7.20	-0.90	0.40	5.00
Cash Income Taxes Paid	26	23	17	44	14	27	19	66	35	41	28

This table presents Levi Strauss & Co.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/29/2015	11/27/2016	11/26/2017	11/25/2018	11/24/2019	11/29/2020	11/28/2021	11/27/2022	11/26/2023	12/1/2024	11/30/2025
Total Assets	2,884	2,987	3,358	3,543	4,232	5,641	5,900	6,038	6,054	6,376	6,849
Total Current Assets	1,528	1,686	1,997	2,288	2,870	3,126	2,710	2,828	2,638	2,851	3,154
Cash & Equivalents	319	376	634	713	934	1,497	810	430	399	690	758
Short-Term Investments	-	-	-	0.00	81	97	92	71	-	0.00	91
Accounts Receivable	498	479	485	534	783	540	708	697	753	710	775
Inventories, net	607	716	759	884	884	818	898	1,417	1,290	1,131	1,238
Prepaid Expenses	105	115	119	157	188	175	203	214	196	212	239
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	108	54
Plant, Property, & Equipment, net	391	394	424	461	530	455	503	623	681	687	682
Total Noncurrent Assets	965	907	936	794	833	2,060	2,688	2,587	2,735	2,837	3,013
Goodwill	235	234	237	236	236	265	387	366	304	278	281
Intangible Assets	43	43	43	43	43	47	291	287	268	197	194
Noncurrent Deferred & Refundable Income Taxes	581	523	538	398	408	498	573	625	730	799	830
Other Noncurrent Operating Assets	106	107	118	117	146	1,251	1,436	1,310	1,435	1,529	1,687
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	35	21
Total Liabilities & Shareholders' Equity	2,884	2,987	3,358	3,543	4,232	5,641	5,900	6,038	6,054	6,376	6,849
Total Liabilities	2,484	2,396	2,528	2,576	2,661	4,342	4,234	4,134	4,007	4,405	4,570
Total Current Liabilities	846	762	879	1,052	1,167	1,549	1,870	1,982	1,788	2,011	2,033
Accounts Payable	238	270	290	351	360	375	525	657	568	663	598
Accrued Expenses	246	252	302	348	552	663	825	842	759	866	930
Current Employee Benefit Liabilities	182	181	227	299	223	179	275	247	215	234	245
Other Current Liabilities	20	4.88	-	-	0.00	292	245	236	246	247	261
Total Noncurrent Liabilities	1,638	1,634	1,649	1,524	1,494	2,793	2,365	2,153	2,220	2,395	2,538
Long-Term Debt	1,005	1,006	1,039	1,020	1,007	1,547	1,021	985	1,009	994	1,039
Noncurrent Employee Benefit Liabilities	537	529	495	377	342	324	315	254	247	254	253
Other Noncurrent Operating Liabilities	57	64	95	116	145	64	59	55	50	1,147	1,246
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	332	512	702	667	1,572	1,299	1,666	1,904	2,046	1,971	2,279
Total Preferred & Common Equity	330	510	697	660	1,564	0.00	0.00	1,904	2,046	1,971	2,279
Total Common Equity	330	510	697	660	1,564	1,299	1,666	1,904	2,046	1,971	2,279
Common Stock	3.67	1.82	0.38	0.38	658	627	585	626	687	733	789
Retained Earnings	706	935	1,101	1,084	1,310	1,114	1,475	1,699	1,750	1,672	1,897
Accumulated Other Comprehensive Income / (Loss)	-379	-427	-404	-425	-	-441	-394	-	-391	-	-407

This table presents Levi Strauss & Co.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	8/28/2022	2/26/2023	5/28/2023	8/27/2023	2/25/2024	5/26/2024	8/25/2024	3/2/2025	6/1/2025	8/31/2025	3/1/2026
Total Assets	5,899	5,874	5,892	5,874	5,962	6,186	6,254	6,198	6,533	6,656	6,575
Total Current Assets	2,780	2,649	2,544	2,566	2,525	2,650	2,746	2,652	2,929	3,007	2,910
Cash & Equivalents	499	322	472	295	517	641	577	574	654	613	717
Short-Term Investments	101	0.00	0.00	0.00	-	-	-	-	83	95	95
Accounts Receivable	660	769	561	690	662	582	680	655	618	723	729
Inventories, net	1,292	1,335	1,314	1,374	1,150	1,220	1,275	1,073	1,249	1,286	1,121
Prepaid Expenses	228	223	198	207	196	207	214	241	221	232	248
Other Current Nonoperating Assets	-	-	-	-	-	-	-	108	105	58	0.00
Plant, Property, & Equipment, net	547	625	660	677	674	686	699	673	673	677	669
Total Noncurrent Assets	2,572	2,600	2,687	2,631	2,763	2,850	2,809	2,874	2,931	2,972	2,996
Goodwill	365	369	373	301	296	318	281	276	278	279	282
Intangible Assets	288	286	285	269	266	275	198	196	196	195	194
Noncurrent Deferred & Refundable Income Taxes	566	636	669	724	762	774	778	801	824	808	827
Other Noncurrent Operating Assets	1,353	1,309	1,361	1,338	1,439	1,482	1,552	1,565	1,611	1,672	1,694
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	36	22	19	0.00
Total Liabilities & Shareholders' Equity	5,899	5,874	5,892	5,874	5,962	6,186	6,254	6,198	6,533	6,656	6,575
Total Liabilities	4,070	3,906	3,954	3,933	3,985	4,232	4,380	4,164	4,443	4,494	4,368
Total Current Liabilities	1,866	1,774	1,798	1,808	1,770	1,869	1,946	1,769	1,980	1,979	1,845
Accounts Payable	690	475	464	574	498	623	668	557	684	621	488
Accrued Expenses	707	734	770	760	846	794	815	779	849	872	890
Current Employee Benefit Liabilities	229	169	190	195	181	206	210	179	193	225	202
Other Current Liabilities	239	234	237	240	246	246	254	248	255	261	267
Total Noncurrent Liabilities	2,205	2,132	2,156	2,125	2,215	2,363	2,434	2,395	2,463	2,515	2,523
Long-Term Debt	964	994	1,000	1,005	1,006	1,006	1,021	987	1,034	1,043	1,049
Noncurrent Employee Benefit Liabilities	296	300	299	297	311	419	444	473	479	485	241
Other Noncurrent Operating Liabilities	945	838	856	823	898	938	970	916	951	987	1,232
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,829	1,968	1,938	1,941	1,976	1,954	1,873	2,035	2,090	2,163	2,207
Total Preferred & Common Equity	1,829	1,968	1,938	1,941	1,976	1,954	1,873	2,035	2,090	2,163	2,207
Total Common Equity	1,829	1,968	1,938	1,941	1,976	1,954	1,873	2,035	2,090	2,163	2,207
Common Stock	610	628	650	669	693	708	720	736	762	762	730
Retained Earnings	1,628	1,758	1,709	1,671	1,667	1,620	1,571	1,726	1,741	1,806	1,863
Accumulated Other Comprehensive Income / (Loss)	-409	-419	-422	-398	-383	-375	-419	-427	-413	-405	-387

This table displays calculated financial ratios and metrics derived from Levi Strauss & Co.'s official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/29/2015	11/27/2016	11/26/2017	11/25/2018	11/24/2019	11/29/2020	11/28/2021	11/27/2022	11/26/2023	12/1/2024	11/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.46%	2.59%	7.72%	13.69%	3.37%	-22.74%	29.45%	7.02%	0.17%	2.85%	4.14%
EBITDA Growth	29.99%	256.92%	-50.97%	14.95%	-1.15%	-94.86%	2,327.99%	0.17%	-42.89%	-4.70%	96.40%
EBIT Growth	39.01%	273.78%	-54.19%	52.32%	-2.07%	-119.77%	741.49%	-2.07%	-53.93%	-16.17%	163.15%
NOPAT Growth	36.98%	26.78%	18.51%	-42.58%	52.02%	-112.71%	1,198.91%	-13.48%	-41.29%	-23.62%	111.22%
Net Income Growth	101.22%	77.49%	-2.28%	0.48%	38.47%	-132.18%	535.48%	2.82%	-56.14%	-15.63%	174.50%
EPS Growth	0.00%	0.00%	0.00%	0.00%	32.88%	-132.99%	521.88%	4.44%	-56.03%	-16.13%	178.85%
Operating Cash Flow Growth	-6.26%	80.81%	71.57%	-20.07%	-1.95%	13.93%	57.01%	-69.06%	90.93%	106.29%	-41.05%
Free Cash Flow Firm Growth	-70.42%	-1,147.45%	185.49%	-167.04%	-62.06%	15.19%	-41.91%	-126.41%	271.60%	902.04%	-64.81%
Invested Capital Growth	7.90%	4.59%	-50.07%	2.52%	19.76%	-19.15%	40.51%	33.81%	11.26%	-14.40%	12.30%
Revenue Q/Q Growth	-2.24%	0.63%	3.51%	2.31%	-0.40%	-3.94%	5.47%	-1.53%	0.88%	3.21%	-4.67%
EBITDA Q/Q Growth	-35.54%	187.89%	3.56%	-105.65%	-50.22%	-61.78%	14.84%	-3.72%	0.02%	19.95%	0.42%
EBIT Q/Q Growth	-27.20%	193.17%	0.26%	-97.56%	-50.77%	-119.87%	18.33%	-5.01%	-0.64%	32.66%	0.47%
NOPAT Q/Q Growth	47.96%	-7.51%	11.58%	-22.88%	3.74%	-87.07%	12.57%	-3.59%	-3.77%	25.67%	-3.97%
Net Income Q/Q Growth	105.59%	-3.73%	8.00%	-13.09%	-0.37%	-44.42%	21.05%	-0.39%	-8.71%	35.87%	-4.07%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-3.00%	-33.33%	19.47%	0.71%	-10.14%	40.54%	-4.61%
Operating Cash Flow Q/Q Growth	-16.65%	90.82%	5.57%	-7.28%	-2.13%	4.93%	1.34%	-49.17%	124.02%	4.47%	-5.45%
Free Cash Flow Firm Q/Q Growth	111.14%	-475.90%	281.34%	175.01%	326.45%	-86.30%	-74.52%	82.95%	141.69%	10.39%	-39.58%
Invested Capital Q/Q Growth	-49.72%	81.16%	-3.53%	-55.49%	-50.13%	-6.40%	28.52%	8.89%	-1.26%	-1.81%	-1.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.48%	102.31%	52.26%	107.54%	53.81%	52.84%	58.06%	57.53%	56.90%	60.04%	61.73%
EBITDA Margin	11.67%	26.33%	11.98%	24.31%	11.59%	0.77%	14.45%	13.52%	7.71%	7.14%	14.15%
Operating Margin	9.59%	20.30%	9.79%	19.39%	9.83%	-1.91%	11.91%	10.48%	5.72%	4.16%	10.79%
EBIT Margin	9.02%	21.11%	8.98%	19.92%	9.44%	-2.41%	11.96%	10.95%	5.03%	4.10%	10.87%
Profit (Net Income) Margin	4.67%	12.79%	5.80%	10.23%	6.85%	-2.85%	9.60%	9.23%	4.04%	3.31%	9.20%
Tax Burden Percent	67.62%	143.01%	81.59%	114.09%	82.70%	67.00%	95.40%	87.61%	94.12%	96.16%	91.18%
Interest Burden Percent	76.53%	169.54%	79.24%	180.09%	87.82%	176.47%	84.14%	96.19%	85.25%	83.97%	92.88%
Effective Tax Rate	32.38%	56.99%	18.41%	85.91%	17.30%	0.00%	4.60%	12.39%	5.88%	3.84%	20.82%
Return on Invested Capital (ROIC)	24.16%	26.09%	20.39%	23.80%	32.52%	-4.19%	42.86%	27.15%	13.18%	10.30%	23.71%
ROIC Less NNEP Spread (ROIC-NNEP)	14.99%	20.99%	1.60%	18.00%	-10.26%	446.50%	-183.00%	28.05%	-1.96%	0.82%	53.83%
Return on Net Nonoperating Assets (RNNOA)	42.18%	32.64%	1.28%	15.94%	-1.39%	-4.66%	-5.53%	4.74%	-0.54%	0.19%	3.50%
Return on Equity (ROE)	66.34%	58.73%	21.67%	63.53%	31.12%	-8.85%	37.33%	31.89%	12.64%	10.49%	27.21%
Cash Return on Invested Capital (CROIC)	16.56%	-77.32%	87.18%	42.61%	14.53%	16.98%	9.18%	-1.77%	2.52%	25.81%	12.12%
Operating Return on Assets (OROA)	14.01%	16.36%	13.87%	32.19%	13.99%	-2.18%	11.95%	11.31%	5.15%	4.20%	10.32%
Return on Assets (ROA)	7.25%	9.92%	8.97%	16.53%	10.16%	-2.57%	9.59%	9.53%	4.13%	3.39%	8.74%
Return on Common Equity (ROCE)	50.69%	49.73%	18.41%	48.00%	27.27%	-8.83%	37.33%	31.89%	12.64%	10.49%	27.21%
Return on Equity Simple (ROE_SIMPLE)	63.55%	57.15%	40.83%	43.21%	25.26%	0.00%	0.00%	29.89%	12.20%	10.69%	0.00%
Net Operating Profit after Tax (NOPAT)	291	330	392	308	469	-60	655	566	333	254	537
NOPAT Margin	6.49%	14.52%	7.99%	5.53%	8.13%	-1.34%	11.36%	9.18%	5.38%	4.00%	8.54%
Net Nonoperating Expense Percent (NNEP)	9.16%	5.10%	18.79%	5.80%	42.77%	-450.70%	225.86%	-0.90%	15.15%	9.48%	-30.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	19.61%	10.88%	8.57%	16.17%
Cost of Revenue to Revenue	49.52%	97.69%	47.74%	92.46%	46.19%	47.16%	41.94%	42.47%	43.10%	39.96%	38.27%
SG&A Expenses to Revenue	40.58%	82.01%	42.47%	88.22%	43.98%	52.72%	46.16%	46.71%	49.39%	51.08%	50.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.89%	82.01%	42.47%	88.22%	43.98%	54.75%	46.16%	47.05%	51.18%	55.89%	50.94%
Earnings before Interest and Taxes (EBIT)	406	961	440	555	544	-108	690	675	311	261	683
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	525	1,199	588	676	668	34	833	834	476	454	889
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.22	0.00	0.94	3.88	5.37	6.09	3.15	2.91	3.52	3.78
Price to Tangible Book Value (P/TBV)	0.00	2.68	0.00	0.00	4.72	7.07	10.26	4.79	4.03	4.63	4.77
Price to Revenue (P/Rev)	0.00	0.14	0.00	0.11	1.05	1.57	1.76	0.97	0.96	1.09	1.37
Price to Earnings (P/E)	0.00	2.14	0.00	0.00	15.35	0.00	18.31	10.52	23.82	32.89	14.89
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.97%	1.76%	1.03%	2.90%	4.01%	2.86%	3.04%
Earnings Yield	0.00%	0.00%	0.00%	46.10%	6.51%	0.00%	5.46%	9.50%	4.20%	3.04%	6.71%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.97	3.86	5.47	5.75	2.71	2.47	3.18	3.68
Enterprise Value to Revenue (EV/Rev)	0.00	0.31	0.00	0.23	1.05	1.56	1.78	1.05	1.06	1.14	1.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	9.08	202.73	12.31	7.76	13.76	15.93	9.90
Enterprise Value to EBIT (EV/EBIT)	0.00	2.89	0.00	0.00	11.16	0.00	14.87	9.59	21.08	27.73	12.89
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	12.94	0.00	15.67	11.43	19.72	28.47	16.40
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	14.72	14.81	13.91	28.38	15.06	8.05	16.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	28.97	28.82	73.17	0.00	103.23	11.36	32.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.91	1.79	1.30	2.18	0.65	1.20	0.61	0.52	0.49	0.50	0.46
Long-Term Debt to Equity	2.54	1.73	1.25	2.11	0.64	1.19	0.61	0.52	0.49	0.50	0.46
Financial Leverage	2.81	1.55	0.80	0.44	0.14	-0.01	0.03	0.17	0.28	0.23	0.07
Leverage Ratio	9.15	5.92	4.47	7.68	3.06	3.44	3.89	3.34	3.06	3.09	3.11
Compound Leverage Factor	7.00	5.02	3.54	6.92	2.69	6.07	3.27	3.22	2.61	2.60	2.89
Debt to Total Capital	74.41%	64.21%	56.50%	104.24%	39.23%	54.62%	38.00%	34.09%	33.03%	33.53%	31.32%
Short-Term Debt to Total Capital	9.43%	2.36%	2.02%	3.16%	0.29%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	64.98%	61.85%	54.48%	101.07%	38.93%	54.01%	38.00%	34.09%	33.03%	33.53%	31.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.50%	9.88%	6.95%	30.36%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	21.10%	61.70%	36.55%	65.40%	60.46%	45.38%	62.00%	65.91%	66.97%	66.47%	68.68%
Debt to EBITDA	2.22	1.77	1.83	3.12	1.52	45.61	1.23	1.18	2.12	2.19	1.17
Net Debt to EBITDA	1.61	2.29	0.76	1.00	0.00	-0.86	0.14	0.58	1.28	0.67	0.21
Long-Term Debt to EBITDA	1.94	3.41	1.77	3.02	1.51	45.09	1.23	1.18	2.12	2.19	1.17
Debt to NOPAT	4.00	6.42	2.75	6.83	2.16	-26.26	1.56	1.74	3.04	3.91	1.94
Net Debt to NOPAT	2.90	4.15	1.13	2.21	0.00	0.49	0.18	0.86	1.84	1.20	0.35
Long-Term Debt to NOPAT	3.49	6.18	2.65	6.62	2.15	-25.96	1.56	1.74	3.04	3.91	1.94
Altman Z-Score	0.00	0.00	0.00	3.08	4.07	2.30	3.32	2.82	2.65	2.60	2.96
Noncontrolling Interest Sharing Ratio	23.59%	15.32%	15.07%	48.89%	12.39%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	4.43	2.27	4.35	2.46	2.02	1.45	1.43	1.48	1.42	1.55
Quick Ratio	0.97	2.24	1.27	2.37	1.54	1.38	0.86	0.60	0.64	0.70	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	200	-1,959	1,675	552	209	241	140	-37	64	636	274
Operating Cash Flow to CapEx	228.49%	358.44%	443.39%	527.40%	235.06%	360.12%	441.76%	85.40%	138.87%	394.90%	267.07%
Free Cash Flow to Firm to Interest Expense	2.10	-26.77	18.32	9.98	3.16	2.94	1.28	-1.44	1.38	15.23	5.64
Operating Cash Flow to Interest Expense	2.29	8.38	5.75	15.20	6.22	5.71	6.74	8.88	9.49	21.49	10.90
Operating Cash Flow Less CapEx to Interest Expense	1.29	3.02	4.46	9.44	3.57	4.13	5.21	-1.52	2.66	16.05	6.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.55	1.55	1.55	3.23	1.48	0.90	1.00	1.03	1.02	1.02	0.95
Accounts Receivable Turnover	9.17	9.32	10.17	21.87	8.75	6.73	9.24	8.78	8.52	8.69	8.46
Inventory Turnover	3.69	3.36	3.17	6.27	3.01	2.47	2.82	2.26	1.97	2.01	2.03
Fixed Asset Turnover	11.48	11.61	11.99	25.20	11.64	9.05	12.04	10.96	9.48	9.21	9.18
Accounts Payable Turnover	9.41	8.74	8.36	16.09	7.48	5.71	5.37	4.43	4.35	4.12	3.81
Days Sales Outstanding (DSO)	39.80	39.17	35.89	66.75	41.71	54.23	39.51	41.56	42.82	42.00	43.13
Days Inventory Outstanding (DIO)	99.04	108.58	115.02	116.35	121.22	147.92	129.54	161.25	185.49	181.79	179.83
Days Payable Outstanding (DPO)	38.80	41.74	43.64	90.75	48.79	63.95	67.97	82.34	83.95	88.49	95.72
Cash Conversion Cycle (CCC)	100.04	106.01	107.28	208.69	114.13	138.20	101.08	120.47	144.36	135.30	127.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,252	2,562	1,279	1,312	1,571	1,270	1,785	2,388	2,657	2,275	2,394
Invested Capital Turnover	3.72	3.59	2.55	4.30	4.00	3.13	3.77	2.96	2.45	2.58	2.78
Increase / (Decrease) in Invested Capital	92	2,620	-1,283	32	259	-301	514	603	269	-383	262
Enterprise Value (EV)	0.00	0.00	0.00	0.00	6,067	6,954	10,255	6,474	6,557	7,231	8,800
Market Capitalization	0.00	0.00	0.00	0.00	6,059	6,983	10,136	5,989	5,946	6,927	8,610
Book Value per Share	$8.82	$13.60	$18.57	$17.56	$3.98	$3.27	$4.14	$4.83	$5.15	$4.97	$5.83
Tangible Book Value per Share	$1.38	$12.40	$11.11	$10.13	$3.27	$2.49	$2.46	$3.17	$3.71	$3.77	$4.61
Total Capital	1,566	3,303	1,907	2,019	2,586	2,864	2,686	2,888	3,056	2,965	3,318
Total Debt	1,165	2,121	1,077	1,052	1,014	1,564	1,021	985	1,009	994	1,039
Total Long-Term Debt	1,017	2,043	1,039	1,020	1,007	1,547	1,021	985	1,009	994	1,039
Net Debt	846	1,370	444	678	-0.61	-29	119	484	611	304	190
Capital Expenditures (CapEx)	96	171	119	159	175	130	167	267	314	228	198
Debt-free, Cash-free Net Working Capital (DFCFNWC)	511	1,176	523	555	696	1.30	-62	346	451	151	272
Debt-free Net Working Capital (DFNWC)	830	1,927	1,157	1,268	1,711	1,595	840	846	850	841	1,121
Net Working Capital (NWC)	682	1,849	1,118	1,236	1,703	1,577	840	846	850	841	1,121
Net Nonoperating Expense (NNE)	82	79	107	23	74	68	101	-2.72	83	43	-42
Net Nonoperating Obligations (NNO)	852	690	450	345	-0.61	-29	119	484	611	304	115
Total Depreciation and Amortization (D&A)	119	238	148	120	124	142	143	159	165	193	206
Debt-free, Cash-free Net Working Capital to Revenue	11.37%	25.82%	10.66%	19.90%	12.07%	0.03%	-1.07%	5.61%	7.30%	2.37%	4.34%
Debt-free Net Working Capital to Revenue	18.46%	42.32%	23.58%	45.48%	29.68%	35.82%	14.58%	13.72%	13.76%	13.23%	17.85%
Net Working Capital to Revenue	15.17%	40.61%	22.80%	44.33%	29.55%	35.43%	14.58%	13.72%	13.76%	13.23%	17.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.01	($0.32)	$1.38	$1.43	$0.63	$0.53	$1.46
Adjusted Weighted Average Basic Shares Outstanding	37.46M	37.47M	37.52M	37.60M	389.08M	397.32M	401.63M	397.34M	397.21M	398.23M	395.52M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.97	($0.32)	$1.35	$1.41	$0.62	$0.52	$1.45
Adjusted Weighted Average Diluted Shares Outstanding	37.46M	37.47M	37.52M	37.60M	408.37M	397.32M	409.78M	403.84M	401.72M	402.37M	399.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.01	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.46M	37.47M	37.52M	37.60M	394.12M	398.06M	398.02M	394.84M	397.98M	395.88M	390.47M
Normalized Net Operating Profit after Tax (NOPAT)	301	661	392	308	469	3.71	655	585	437	548	558
Normalized NOPAT Margin	6.70%	14.52%	7.99%	11.06%	8.13%	0.08%	11.36%	9.48%	7.06%	8.62%	8.88%
Pre Tax Income Margin	6.91%	17.89%	7.11%	8.97%	8.29%	-4.26%	10.07%	10.53%	4.29%	3.45%	10.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.26	6.57	4.82	10.04	8.21	-1.31	6.30	26.28	6.78	6.24	14.05
NOPAT to Interest Expense	3.06	9.03	4.29	11.15	7.07	-0.72	5.98	22.04	7.24	6.08	11.04
EBIT Less CapEx to Interest Expense	3.26	5.40	3.52	14.32	5.56	-2.89	4.78	15.88	-0.05	0.80	9.97
NOPAT Less CapEx to Interest Expense	2.06	6.70	2.99	5.38	4.43	-2.31	4.46	11.65	0.41	0.63	6.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.82%	20.60%	24.60%	63.10%	28.84%	-50.04%	18.86%	30.63%	76.32%	94.25%	36.83%
Augmented Payout Ratio	25.81%	21.48%	33.42%	41.05%	34.62%	-94.26%	34.38%	61.50%	79.57%	137.04%	62.86%

This table displays calculated financial ratios and metrics derived from Levi Strauss & Co.'s official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	12/1/2024	3/2/2025	6/1/2025	8/31/2025	11/30/2025	3/1/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	390,467,287.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	390,467,287.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.45
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.41%	3.37%	-7.77%	7.81%	0.38%	12.02%	3.15%	6.42%	6.95%	0.91%	14.13%
EBITDA Growth	-78.26%	0.05%	-77.89%	44.98%	57.17%	39.70%	451.75%	151.83%	167.60%	1.95%	25.43%
EBIT Growth	-95.82%	-1.34%	-101.80%	271.67%	269.14%	43.64%	11,129.41%	436.62%	422.29%	2.22%	28.69%
NOPAT Growth	-86.82%	-4.96%	-100.22%	374.03%	30.04%	37.99%	36,116.25%	156.64%	291.03%	-11.43%	1.38%
Net Income Growth	-94.45%	-15.79%	-109.24%	1,225.00%	115.63%	43.81%	1,373.58%	272.22%	953.62%	-13.42%	30.22%
EPS Growth	-95.35%	-18.42%	-110.34%	0.00%	150.00%	48.39%	1,233.33%	325.00%	1,000.00%	-15.22%	32.35%
Operating Cash Flow Growth	-20.50%	1,354.49%	277.86%	-8.18%	2.15%	14.83%	-81.64%	-29.41%	-52.58%	-10.26%	302.86%
Free Cash Flow Firm Growth	23.58%	71.79%	147.63%	155.93%	185.77%	548.37%	-13.95%	-55.16%	-93.61%	-112.88%	-86.76%
Invested Capital Growth	22.70%	11.26%	-11.99%	-10.93%	-13.92%	-14.40%	-5.57%	-2.51%	4.52%	12.30%	4.98%
Revenue Q/Q Growth	13.03%	8.69%	-5.16%	-7.47%	5.25%	21.29%	-17.01%	-5.29%	6.74%	14.41%	-1.32%
EBITDA Q/Q Growth	11.14%	273.67%	-77.97%	58.47%	20.48%	232.13%	-10.91%	-30.42%	33.88%	21.09%	11.20%
EBIT Q/Q Growth	35.00%	1,716.05%	-101.84%	925.93%	34.08%	606.69%	-11.26%	-39.04%	47.59%	25.73%	13.77%
NOPAT Q/Q Growth	251.52%	476.61%	-100.20%	11,832.14%	-3.57%	511.86%	-21.52%	-44.86%	55.89%	29.86%	-9.18%
Net Income Q/Q Growth	700.00%	1,221.88%	-108.35%	269.81%	15.00%	781.64%	-26.03%	-50.37%	225.52%	-27.56%	11.27%
EPS Q/Q Growth	0.00%	1,450.00%	-109.68%	233.33%	25.00%	820.00%	-26.09%	-50.00%	223.53%	-29.09%	15.38%
Operating Cash Flow Q/Q Growth	-82.11%	405.66%	10.47%	-8.11%	-80.10%	468.45%	-82.34%	253.33%	-86.63%	975.81%	-20.73%
Free Cash Flow Firm Q/Q Growth	16.51%	72.86%	361.11%	-5.47%	28.03%	41.89%	-49.78%	-50.88%	-81.68%	-454.76%	141.45%
Invested Capital Q/Q Growth	3.39%	-1.26%	-7.21%	-5.97%	-0.08%	-1.81%	2.36%	-2.93%	7.13%	-1.14%	2.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.56%	57.83%	58.20%	60.48%	60.04%	61.26%	62.06%	62.64%	61.66%	60.75%	61.88%
EBITDA Margin	3.37%	11.58%	2.69%	4.61%	5.27%	14.44%	15.50%	11.39%	14.29%	15.12%	17.04%
Operating Margin	2.30%	9.21%	-0.03%	1.52%	2.00%	11.54%	12.55%	7.47%	10.85%	11.93%	11.40%
EBIT Margin	0.54%	8.96%	-0.17%	1.55%	1.97%	11.49%	12.28%	7.90%	10.93%	12.01%	13.85%
Profit (Net Income) Margin	0.64%	7.73%	-0.68%	1.25%	1.36%	9.92%	8.84%	4.63%	14.13%	8.95%	10.09%
Tax Burden Percent	-282.35%	92.90%	83.46%	150.00%	104.55%	91.30%	76.44%	65.37%	139.63%	79.52%	77.04%
Interest Burden Percent	-41.98%	92.86%	470.37%	53.81%	66.22%	94.60%	94.19%	89.68%	92.59%	93.68%	94.57%
Effective Tax Rate	0.00%	7.10%	0.00%	-50.00%	-4.55%	8.70%	20.61%	22.34%	21.90%	19.38%	22.39%
Return on Invested Capital (ROIC)	4.04%	20.95%	-0.04%	5.70%	5.14%	27.15%	26.61%	16.44%	23.56%	26.70%	24.10%
ROIC Less NNEP Spread (ROIC-NNEP)	1.39%	18.47%	-1.60%	2.81%	3.30%	24.68%	22.24%	10.13%	48.46%	18.15%	32.23%
Return on Net Nonoperating Assets (RNNOA)	0.41%	5.12%	-0.54%	0.74%	1.03%	5.62%	4.34%	1.34%	8.43%	1.18%	4.04%
Return on Equity (ROE)	4.46%	26.07%	-0.58%	6.44%	6.17%	32.77%	30.95%	17.78%	31.99%	27.88%	28.14%
Cash Return on Invested Capital (CROIC)	-6.24%	2.52%	20.90%	20.72%	23.03%	25.81%	22.54%	22.63%	19.17%	12.12%	17.70%
Operating Return on Assets (OROA)	0.56%	9.15%	-0.18%	1.58%	2.00%	11.75%	12.93%	8.07%	11.16%	11.41%	14.09%
Return on Assets (ROA)	0.66%	7.90%	-0.70%	1.27%	1.39%	10.14%	9.31%	4.73%	14.43%	8.50%	10.26%
Return on Common Equity (ROCE)	4.46%	26.07%	-0.58%	6.44%	6.17%	32.77%	30.95%	17.78%	31.99%	27.88%	28.14%
Return on Equity Simple (ROE_SIMPLE)	14.08%	0.00%	6.29%	7.37%	8.28%	0.00%	17.51%	19.39%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	24	140	-0.28	33	32	194	152	84	131	170	154
NOPAT Margin	1.61%	8.55%	-0.02%	2.28%	2.09%	10.54%	9.96%	5.80%	8.47%	9.62%	8.85%
Net Nonoperating Expense Percent (NNEP)	2.65%	2.48%	1.56%	2.88%	1.84%	2.48%	4.37%	6.31%	-24.89%	8.54%	-8.13%
Return On Investment Capital (ROIC_SIMPLE)	-	4.60%	-	-	-	6.54%	5.03%	2.69%	4.08%	5.12%	4.74%
Cost of Revenue to Revenue	44.44%	42.17%	41.80%	39.52%	39.96%	38.74%	37.94%	37.36%	38.34%	39.25%	38.12%
SG&A Expenses to Revenue	47.19%	48.57%	50.76%	55.14%	50.47%	48.66%	49.08%	54.70%	50.25%	48.55%	50.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.29%	54.11%	58.22%	58.96%	50.70%	55.78%	49.52%	55.17%	50.81%	48.83%	50.48%
Earnings before Interest and Taxes (EBIT)	8.10	147	-2.70	22	30	211	188	114	169	212	241
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	190	42	66	80	266	237	165	221	267	297
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.78	2.91	3.61	4.48	4.14	3.52	3.50	3.28	4.09	3.78	3.92
Price to Tangible Book Value (P/TBV)	3.94	4.03	5.04	6.43	5.56	4.63	4.55	4.24	5.24	4.77	5.00
Price to Revenue (P/Rev)	0.88	0.96	1.18	1.42	1.26	1.09	1.11	1.06	1.34	1.37	1.33
Price to Earnings (P/E)	14.86	23.82	57.35	60.79	43.99	32.89	19.97	16.93	14.69	14.89	13.98
Dividend Yield	3.52%	4.01%	2.67%	2.18%	2.51%	2.86%	2.84%	3.69%	2.95%	3.04%	2.48%
Earnings Yield	6.73%	4.20%	1.74%	1.64%	2.27%	3.04%	5.01%	5.91%	6.81%	6.71%	7.15%
Enterprise Value to Invested Capital (EV/IC)	2.29	2.47	3.09	3.93	3.54	3.18	3.23	3.17	3.79	3.68	3.64
Enterprise Value to Revenue (EV/Rev)	1.00	1.06	1.26	1.48	1.33	1.14	1.18	1.10	1.39	1.40	1.37
Enterprise Value to EBITDA (EV/EBITDA)	12.92	13.76	23.17	26.08	21.65	15.93	11.62	9.58	10.38	9.90	9.37
Enterprise Value to EBIT (EV/EBIT)	19.66	21.08	48.06	52.13	41.68	27.73	16.73	13.18	13.52	12.89	12.07
Enterprise Value to NOPAT (EV/NOPAT)	17.81	19.72	35.52	40.44	40.55	28.47	18.68	15.56	16.44	16.40	16.52
Enterprise Value to Operating Cash Flow (EV/OCF)	31.66	15.06	8.63	10.61	9.53	8.05	11.32	12.18	16.40	16.62	12.91
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	103.23	13.84	17.88	14.21	11.36	13.93	13.81	20.23	32.08	21.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.49	0.51	0.51	0.54	0.50	0.49	0.49	0.48	0.46	0.48
Long-Term Debt to Equity	0.52	0.49	0.51	0.51	0.54	0.50	0.49	0.49	0.48	0.46	0.48
Financial Leverage	0.30	0.28	0.34	0.26	0.31	0.23	0.20	0.13	0.17	0.07	0.13
Leverage Ratio	3.12	3.06	3.00	3.10	3.18	3.09	3.03	3.15	3.20	3.11	3.01
Compound Leverage Factor	-1.31	2.84	14.12	1.67	2.11	2.93	2.86	2.82	2.96	2.92	2.85
Debt to Total Capital	34.97%	33.03%	33.73%	33.99%	35.27%	33.53%	32.67%	33.09%	32.53%	31.32%	32.23%
Short-Term Debt to Total Capital	1.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	33.65%	33.03%	33.73%	33.99%	35.27%	33.53%	32.67%	33.09%	32.53%	31.32%	32.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.03%	66.97%	66.27%	66.01%	64.73%	66.47%	67.33%	66.91%	67.47%	68.68%	67.77%
Debt to EBITDA	2.19	2.12	3.06	2.88	2.70	2.19	1.52	1.38	1.18	1.17	1.11
Net Debt to EBITDA	1.57	1.28	1.49	1.04	1.17	0.67	0.64	0.40	0.38	0.21	0.25
Long-Term Debt to EBITDA	2.11	2.12	3.06	2.88	2.70	2.19	1.52	1.38	1.18	1.17	1.11
Debt to NOPAT	3.02	3.04	4.69	4.46	5.05	3.91	2.45	2.25	1.87	1.94	1.95
Net Debt to NOPAT	2.17	1.84	2.28	1.62	2.19	1.20	1.03	0.65	0.60	0.35	0.44
Long-Term Debt to NOPAT	2.91	3.04	4.69	4.46	5.05	3.91	2.45	2.25	1.87	1.94	1.95
Altman Z-Score	2.42	2.56	2.63	2.76	2.57	2.58	2.72	2.52	2.82	2.73	2.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.48	1.43	1.42	1.41	1.42	1.50	1.48	1.52	1.55	1.58
Quick Ratio	0.54	0.64	0.67	0.65	0.65	0.70	0.70	0.68	0.72	0.80	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-474	-129	336	317	406	576	289	142	26	-92	38
Operating Cash Flow to CapEx	74.20%	409.65%	399.44%	653.73%	104.60%	452.51%	78.83%	469.62%	38.69%	529.37%	356.06%
Free Cash Flow to Firm to Interest Expense	-41.18	-12.24	33.56	30.80	40.22	50.55	26.55	12.05	2.08	-6.90	2.92
Operating Cash Flow to Interest Expense	4.45	24.66	28.60	25.51	5.18	26.08	4.82	15.72	1.98	19.91	16.15
Operating Cash Flow Less CapEx to Interest Expense	-1.55	18.64	21.44	21.61	0.23	20.32	-1.29	12.37	-3.14	16.15	11.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.02	1.02	1.02	1.02	1.02	1.05	1.02	1.02	0.95	1.02
Accounts Receivable Turnover	9.07	8.52	8.46	10.77	8.99	8.69	9.73	10.82	9.40	8.46	9.39
Inventory Turnover	2.00	1.97	2.07	2.04	1.90	2.01	2.26	2.04	1.99	2.03	2.27
Fixed Asset Turnover	10.01	9.48	9.31	9.14	8.95	9.21	9.51	9.55	9.57	9.18	9.68
Accounts Payable Turnover	4.23	4.35	5.28	4.75	4.06	4.12	4.76	3.86	3.95	3.81	4.77
Days Sales Outstanding (DSO)	40.24	42.82	43.16	33.89	40.59	42.00	37.53	33.73	38.84	43.13	38.87
Days Inventory Outstanding (DIO)	182.09	185.49	176.66	178.88	191.90	181.79	161.79	178.66	183.71	179.83	160.84
Days Payable Outstanding (DPO)	86.32	83.95	69.15	76.77	89.92	88.49	76.73	94.55	92.46	95.72	76.58
Cash Conversion Cycle (CCC)	136.01	144.36	150.67	136.00	142.57	135.30	122.60	117.84	130.09	127.24	123.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,691	2,657	2,465	2,318	2,317	2,275	2,328	2,260	2,421	2,394	2,444
Invested Capital Turnover	2.51	2.45	2.30	2.50	2.46	2.58	2.67	2.83	2.78	2.78	2.72
Increase / (Decrease) in Invested Capital	498	269	-336	-284	-375	-383	-137	-58	105	262	116
Enterprise Value (EV)	6,154	6,557	7,618	9,113	8,195	7,231	7,527	7,156	9,186	8,800	8,890
Market Capitalization	5,405	5,946	7,129	8,748	7,751	6,927	7,114	6,859	8,851	8,610	8,653
Book Value per Share	$4.89	$5.15	$4.95	$4.91	$4.71	$4.97	$5.14	$5.29	$5.47	$5.83	$5.65
Tangible Book Value per Share	$3.46	$3.71	$3.54	$3.42	$3.51	$3.77	$3.95	$4.09	$4.27	$4.61	$4.43
Total Capital	2,986	3,056	2,982	2,960	2,894	2,965	3,022	3,124	3,206	3,318	3,256
Total Debt	1,044	1,009	1,006	1,006	1,021	994	987	1,034	1,043	1,039	1,049
Total Long-Term Debt	1,005	1,009	1,006	1,006	1,021	994	987	1,034	1,043	1,039	1,049
Net Debt	750	611	489	365	443	304	413	297	335	190	237
Capital Expenditures (CapEx)	69	63	72	40	50	66	67	40	64	50	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	503	451	238	140	222	151	309	213	320	272	252
Debt-free Net Working Capital (DFNWC)	797	850	754	781	799	841	883	949	1,028	1,121	1,064
Net Working Capital (NWC)	758	850	754	781	799	841	883	949	1,028	1,121	1,064
Net Nonoperating Expense (NNE)	15	14	10	15	11	11	17	17	-87	12	-22
Net Nonoperating Obligations (NNO)	750	611	489	365	443	304	294	170	259	115	237
Total Depreciation and Amortization (D&A)	43	43	45	44	50	54	49	50	52	55	56
Debt-free, Cash-free Net Working Capital to Revenue	8.21%	7.30%	3.93%	2.27%	3.61%	2.37%	4.82%	3.28%	4.86%	4.34%	3.88%
Debt-free Net Working Capital to Revenue	13.01%	13.76%	12.47%	12.69%	12.98%	13.23%	13.79%	14.63%	15.60%	17.85%	16.38%
Net Working Capital to Revenue	12.37%	13.76%	12.47%	12.69%	12.98%	13.23%	13.79%	14.63%	15.60%	17.85%	16.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.32	($0.03)	$0.05	$0.05	$0.46	$0.34	$0.17	$0.55	$0.40	$0.45
Adjusted Weighted Average Basic Shares Outstanding	397.77M	397.21M	398.94M	398.80M	398.19M	398.23M	396.58M	396.41M	395.66M	395.52M	389.91M
Adjusted Diluted Earnings per Share	$0.02	$0.31	($0.03)	$0.04	$0.05	$0.46	$0.34	$0.17	$0.55	$0.39	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	400.99M	401.72M	398.94M	402.91M	402.40M	402.37M	400.05M	399.05M	399.53M	399.75M	394.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	397.13M	397.98M	398.03M	397.50M	396.73M	395.88M	395.33M	395.65M	390.83M	390.47M	384.60M
Normalized Net Operating Profit after Tax (NOPAT)	25	141	81	54	24	207	157	89	137	172	160
Normalized NOPAT Margin	1.68%	8.60%	5.20%	3.74%	1.56%	11.23%	10.31%	6.17%	8.91%	9.73%	9.20%
Pre Tax Income Margin	-0.23%	8.32%	-0.82%	0.83%	1.31%	10.87%	11.57%	7.09%	10.12%	11.25%	13.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.70	14.01	-0.27	2.17	2.96	18.54	17.20	9.69	13.50	15.83	18.42
NOPAT to Interest Expense	2.12	13.38	-0.03	3.19	3.14	17.00	13.95	7.11	10.46	12.67	11.77
EBIT Less CapEx to Interest Expense	-5.30	7.99	-7.43	-1.74	-1.99	12.77	11.09	6.34	8.37	12.07	13.89
NOPAT Less CapEx to Interest Expense	-3.88	7.36	-7.19	-0.71	-1.81	11.24	7.84	3.76	5.33	8.91	7.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	69.57%	76.32%	153.50%	132.66%	125.61%	94.25%	56.71%	50.77%	34.78%	36.83%	34.79%
Augmented Payout Ratio	85.33%	79.57%	173.61%	161.78%	164.13%	137.04%	83.41%	70.19%	44.89%	62.86%	54.26%

Financials Breakdown Chart

Frequently Asked Questions About Levi Strauss & Co.'s Financials

When does Levi Strauss & Co.'s financial year end?

According to the most recent income statement we have on file, Levi Strauss & Co.'s fiscal year ends in November. Their fiscal year 2025 ended on November 30, 2025.

How has Levi Strauss & Co.'s net income changed over the last 10 years?

Levi Strauss & Co.'s net income appears to be on an upward trend, with a most recent value of $578.10 million in 2025, rising from $209.89 million in 2015. The previous period was $210.60 million in 2024. Check out Levi Strauss & Co.'s forecast to explore projected trends and price targets.

What is Levi Strauss & Co.'s operating income?

Levi Strauss & Co.'s total operating income in 2025 was $677.60 million, based on the following breakdown:

Total Gross Profit: $3.88 billion
Total Operating Expenses: $3.20 billion

How has Levi Strauss & Co.'s revenue changed over the last 10 years?

Over the last 10 years, Levi Strauss & Co.'s total revenue changed from $4.49 billion in 2015 to $6.28 billion in 2025, a change of 39.8%.

How much debt does Levi Strauss & Co. have?

Levi Strauss & Co.'s total liabilities were at $4.57 billion at the end of 2025, a 3.8% increase from 2024, and a 84.0% increase since 2015.

How much cash does Levi Strauss & Co. have?

In the past 10 years, Levi Strauss & Co.'s cash and equivalents has ranged from $318.57 million in 2015 to $1.50 billion in 2020, and is currently $757.90 million as of their latest financial filing in 2025.

How has Levi Strauss & Co.'s book value per share changed over the last 10 years?

Over the last 10 years, Levi Strauss & Co.'s book value per share changed from 8.82 in 2015 to 5.83 in 2025, a change of -33.9%.

Related Companies

Financial statements for NYSE:LEVI last updated on 4/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Levi Strauss & Co. (LEVI) Financials

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