Loading…
Global denim apparel brand known for Levi's jeans, selling casual wear through wholesale, retail and direct-to-consumer channels.
Global denim apparel brand known for Levi's jeans, selling casual wear through wholesale, retail and direct-to-consumer channels.
Sells jeans through department and specialty stores and increasingly through its own stores and websites, where it keeps the full retail margin. Products are made by contract factories. The Haas family keeps control through Class B shares.
Moat: narrow (brand, distribution). Iconic, century-plus-old denim brand retains recognition, though the category faces intense competition.
Headquarters: San Francisco, California, US · Founded: 1853 · Employees: 19,000
Size Levi Strauss & (LEVI) is a United States Consumer Discretionary company (Apparel/Footwear) with a market value of $8.77B, the 841st largest of 3,117 United States companies the cockpit tracks. Shares closed at $22.87 on 6 Nov 2026.
Performance Over six months the shares gained 0.9%, against +3.7% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +5.4%); the operating margin is 12.7% (peer median 14.5%).
Valuation It trades at 14.6× forward earnings against a peer median of 14.3× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.7 points above its cost of capital (10.1% WACC).
Credit Levi Strauss & has 3 bonds outstanding ($1.56B), rated BB+ by the agencies and trading like BBB- at a weighted spread of 135 bp.
Short interest Short interest is 9.1% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.68B | $6.28B | $6.04B | $6.18B | $6.17B |
| Revenue growth | — | +4% | -2% | 0% | — |
| Gross profit | $4.22B | $3.87B | $3.67B | $3.49B | $3.53B |
| EBITDA | $1.07B | $920M | $856M | $699M | $830M |
| Net income | $572M | $439M | $211M | $250M | $569M |
| Free cash flow | $659M | $324M | $617M | $120M | -$39.0M |
| Capital expenditure | $209M | $221M | $228M | $316M | $267M |
| Total debt | $2.33B | $2.31B | $2.19B | $2.18B | $2.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Levi Strauss & LEVI | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% |
| V.F VFC | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% |
| Gap GAP | $7.55B | -8% | +1% | 11% | 8.4× | -2.3% |
| Kontoor Brands KTB | $4.21B | +5% | +16% | 13% | 13.2× | 1.1% |
| PVH PVH | $4.15B | +1% | +2% | 8% | 8.1× | 2.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LEVI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.1% | +10.0% | 6th highest of 21 |
| 6-month return | +0.9% | +3.7% | 10th lowest of 21 |
| Distance from 52-week high | -11.0% | -18.6% | 7th highest of 21 |
| Revenue growth (TTM) | +5.0% | +5.4% | 11th highest of 21 |
| Operating margin | 12.7% | 14.5% | 8th lowest of 21 |
| Forward P/E | 14.6× | 14.3× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.2% | 6.9% | 10th least demanding of 21 |
| Growth delivered (Del g) | +7.1% | +14.0% | 7th lowest of 21 |
| Hurdle (Req g minus delivered) | -1.9 pp | -11.2 pp | 7th most demanding of 21 |
| ROIC minus cost of capital | +6.7 pp | +8.5 pp | 10th lowest of 21 |
| EV / EBITDA | 9.7× | 9.1× | 9th most expensive of 18 |
| Net debt / EBITDA | 1.4× | 0.6× | 9th most indebted of 18 |
| Bond spread | 135 bp | 151 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Levi Strauss & LEVI | United States | $8.77B | +1% | +5% | 13% | 14.6× | 5.2% | +7.1% |
| Shenzhou Intl 2313.HK | Hong Kong | $8.08B | -7% | +2% | 16% | 11.8× | -4.5% | +5.4% |
| V.F VFC | United States | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% | +0.8% |
| Huali Industrial 300979.SZ | China | $7.09B | +6% | -10% | 14% | 19.7× | -4.4% | +12.4% |
| Crocs CROX | United States | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% | +23.9% |
| Deckers Brands DECK | United States | $11.6B | -14% | +6% | 23% | 11.0× | -3.3% | +16.5% |
| Bosideng International 3998.HK | Hong Kong | $6.64B | +3% | +8% | 18% | 10.3× | -10.8% | +14.2% |
| Birkenstock BIRK | United States | $6.64B | -5% | +20% | 24% | 13.9× | 7.4% | +19.9% |
| Brunello Cucinelli BC.MI | Italy | $6.61B | +4% | +10% | 18% | 37.8× | 20.6% | +20.9% |
| Gildan Activewear GIL.TO | Canada | $6.48B | -40% | +40% | 15% | 6.8× | 6.5% | +13.7% |
| On Holding AG Class A ONON | United States | $12.3B | +6% | +29% | 14% | 20.0× | 22.0% | +51.6% |
| Lululemon Athletica LULU | United States | $12.8B | -16% | +2% | 18% | 13.4× | -8.9% | +20.3% |
| Ermenegildo Zegna ZGN | United States | $5.96B | +7% | +11% | 9% | 31.1× | 20.3% | +11.3% |
| Youngor Fashion 600177.SS | China | $5.69B | +10% | -5% | -3% | 12.8× | 23.3% | +0.1% |
| Moncler MONC.MI | Italy | $13.8B | -11% | +3% | 29% | 19.5× | 10.8% | +16.8% |
| Burberry BRBY.L | United Kingdom | $5.38B | -4% | -2% | 7% | 28.8× | 19.1% | +0.6% |
| Li Ning 2331.HK | Hong Kong | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% | +14.6% |
| Abc-mart 2670.T | Japan | $5.03B | +20% | +4% | 17% | 16.2× | -10.0% | +11.4% |
| Fosun International 0656.HK | Hong Kong | $4.82B | +11% | -1% | 3% | 12.9× | 10.6% | +4.1% |
| Ryohin Keikaku 7453.T | Japan | $16.4B | +31% | +18% | 11% | 32.4× | 9.5% | +15.3% |
| HLA 600398.SS | China | $4.47B | -6% | +7% | 11% | 14.3× | -13.1% | +3.8% |
Levi Strauss & has 3 bonds outstanding with $1.56B face value. The agencies rate it BB+; its bonds trade like BBB-. Weighted yield 4.87%, a spread of 135 bp over government bonds.