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Retails furniture, mattresses, appliances and electronics through the Leon's and The Brick banners across Canada.
Retails furniture, mattresses, appliances and electronics through the Leon's and The Brick banners across Canada.
Earns the margin on furniture and appliances, with extended warranties and customer financing offered at the sale adding income. The 2013 purchase of The Brick added a second national banner with its own store base. It owns much of its store real estate, and the Leon family remains a large shareholder.
Moat: narrow (scale, brand, distribution). Largest furniture/appliance retailer in Canada, with scale buying power and a national distribution network.
Headquarters: Toronto, Canada · Founded: 1909 · Employees: 8,215
Size Leon's Furniture (LNF.TO) is a Canada Consumer Discretionary company (Specialty Stores) with a market value of $1.43B, the 211th largest of 420 Canada companies the cockpit tracks. Shares closed at C$29.25 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against -8.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 0.1% over the last twelve months (peer median +8.0%); the operating margin is 8.3% (peer median 5.8%).
Valuation It trades at 13.3× forward earnings against a peer median of 15.9× (8th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.9 points above its cost of capital (7.5% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$2.54B | C$2.57B | C$2.50B | C$2.45B | C$2.52B |
| Revenue growth | — | +3% | +2% | -2% | — |
| Gross profit | C$1.03B | C$1.05B | C$1.00B | C$975M | C$999M |
| EBITDA | C$323M | C$331M | C$298M | C$293M | C$365M |
| Net income | C$158M | C$157M | C$154M | C$139M | C$179M |
| Free cash flow | C$268M | C$223M | C$270M | C$191M | -C$33.7M |
| Capital expenditure | C$35.2M | C$39.7M | C$59.8M | C$44.6M | C$27.8M |
| Total debt | C$478M | C$475M | C$426M | C$454M | C$557M |
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 |
|---|---|---|---|---|---|---|
| Leon's Furniture LNF.TO | $1.43B | +16% | 0% | 8% | 13.3× | -3.3% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
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 | LNF.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.9% | -0.1% | 2nd highest of 21 |
| 6-month return | +15.8% | -8.2% | 7th highest of 21 |
| Distance from 52-week high | -2.0% | -24.6% | 2nd highest of 21 |
| Revenue growth (TTM) | -0.1% | +8.0% | 6th lowest of 21 |
| Operating margin | 8.3% | 5.8% | 8th highest of 21 |
| Forward P/E | 13.3× | 15.9× | 8th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -3.3% | -0.3% | 6th least demanding of 17 |
| Growth delivered (Del g) | +3.0% | +5.6% | 6th lowest of 17 |
| Hurdle (Req g minus delivered) | -6.3 pp | -4.8 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | +3.9 pp | +2.4 pp | 9th highest of 20 |
| EV / EBITDA | 6.6× | 7.3× | 4th cheapest of 13 |
| Net debt / EBITDA | 0.3× | 2.1× | 5th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Leon's Furniture LNF.TO | Canada | $1.43B | +16% | 0% | 8% | 13.3× | -3.3% | +3.0% |
| National Vision EYE | United States | $1.42B | -22% | +8% | 4% | 16.3× | 15.6% | +3.0% |
| Itochu Enex 8133.T | Japan | $1.41B | +3% | +2% | 3% | n/a | -7.1% | +2.9% |
| Sun Art Retail 6808.HK | Hong Kong | $1.37B | -24% | -10% | 0% | n/a | 1.6% | -9.4% |
| Bilia BILI-A.ST | Sweden | $1.37B | +9% | +1% | 3% | 14.6× | 0.9% | +6.0% |
| Pets At Home PETS.L | United Kingdom | $1.51B | +48% | -1% | 7% | 15.9× | 9.2% | +5.2% |
| Savers Value Village SVV | United States | $1.52B | +22% | +10% | 8% | 18.2× | 12.9% | +15.0% |
| Luk Fook Holdings (International) 0590.HK | Hong Kong | $1.58B | -9% | +29% | 20% | 6.1× | n/a | n/a |
| SILICON 2 257720.KS | South Korea | $1.30B | -39% | +55% | 19% | 7.2× | -14.8% | +62.2% |
| Rusta RUSTA.ST | Sweden | $1.28B | -17% | +8% | 8% | 18.7× | 2.5% | +7.3% |
| Honasa Consumer HONASA.NS | India | $1.61B | +32% | +21% | 10% | 52.9× | 42.5% | +39.1% |
| Chengdu Fusen Noble-House Industrial 002818.SZ | China | $1.26B | -8% | -22% | 42% | 11.2× | -2.7% | -1.0% |
| Nextage 3186.T | Japan | $1.25B | -26% | +24% | 4% | 11.2× | -0.1% | +22.0% |
| Kidswant Digital Technology 301078.SZ | China | $1.24B | -25% | +5% | 5% | 21.8× | -0.6% | +4.2% |
| Sally Beauty SBH | United States | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% | +1.0% |
| Beijing Caishikou Department Store 605599.SS | China | $1.71B | -23% | +37% | 4% | 13.3× | -17.2% | +32.7% |
| MarineMax HZO | United States | $1.16B | +21% | -6% | 2% | 32.8× | n/a | n/a |
| Sinomach Automobile 600335.SS | China | $1.16B | -14% | -11% | 2% | n/a | -10.9% | -4.2% |
| Bluestone Jewellery and Lifestyle BLUESTONE.NS | India | $1.15B | +41% | +38% | 9% | 132.9× | n/a | n/a |
| TUHU Car 9690.HK | Hong Kong | $1.14B | -13% | +16% | 0% | 21.3× | -17.8% | +12.7% |
| Chow Sang Sang Holdings International 0116.HK | Hong Kong | $1.13B | +7% | +16% | 20% | 3.1× | n/a | n/a |