Levi Strauss & Co (LEVI)

Levi Strauss & Co. designs, markets, and sells apparels and related accessories for men, women, and children in the United States and internationally. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Levi Strauss Signature, Denizen, and Beyond Yoga brands. It sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees; and directly to consumers through company-operated mainline and outlet stores, company-operated e-commerce sites, and select shop-in-shops located in department stores and other third-party retail locations. The company also operates brand-dedicated stores and shop-in-shops. Levi Strauss & Co. was founded in 1853 and is headquartered in San Francisco, California.

Ticker: LEVI
Exchange: NYSE
Sector: Consumer Cyclical
Industry: Apparel Manufacturing
Market cap: $8.77B
52-week range: $17.72 - $25.70

Valuation

Share price: $22.87 (close of Nov 6, 2026)
P/E (TTM): 15.05x
Price to book: 3.63x
Price to free cash flow: 13.64x
Enterprise value: $10.32B
Book value per share: $6.30

Price performance

Period	Change
1 day	-1.00%
5 days	+1.64%
1 month	+11.40%
3 months	-5.88%
6 months	-0.69%
Year to date	+10.27%
1 year	+14.29%
3 years	+55.68%
5 years	-15.30%
All time	+2.05%

Short interest

As of: Oct 15, 2026
Short % of float: 9.14%
Shares short: 9.00M
Days to cover: 1.23
Change since prior report: +4.06%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 25.37%
Return on invested capital: 11.90%
Return on assets: 8.44%
Return on capital employed: 14.07%
Gross margin: 61.73%
Net margin: 9.20%
EBITDA margin: 14.07%
Revenue growth: 4.14%
Net income growth: 174.50%
Free cash flow growth: -54.06%

Cash flow and balance sheet

Free cash flow yield (TTM): 7.33%
Current ratio: 1.63x
Net debt to EBITDA: 1.49x

Latest reported year

Period end: Nov 30, 2025
Fiscal year: 2025
Revenue: $6.28B
Cost of revenue: $2.40B
Gross profit: $3.88B
EBITDA: $883.90M
Net income: $578.10M
Earnings per share: $1.46
Interest expense: $48.60M
Shares outstanding: 395.52M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-11-30	$6.28B	$3.88B	$578.10M	$1.46
2024-12-01	$6.03B	$3.66B	$210.60M	$0.53
2023-11-26	$5.84B	$3.36B	$249.60M	$0.63
2022-11-27	$6.17B	$3.55B	$569.10M	$1.43
2021-11-28	$5.76B	$3.35B	$553.50M	$1.38
2020-11-29	$4.45B	$2.35B	-$127.10M	-$0.32
2019-11-24	$5.76B	$3.10B	$394.61M	$1.01
2018-11-25	$5.58B	$3.00B	$283.14M	$0.75
2017-11-26	$4.90B	$2.56B	$281.40M	$0.75
2016-11-27	$4.55B	$2.33B	$291.05M	$7.77

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-11-30	61.73%	9.20%	25.37%	11.90%
2024-12-01	60.63%	3.49%	10.69%	6.14%
2023-11-26	57.53%	4.27%	12.20%	8.01%
2022-11-27	57.53%	9.23%	29.89%	14.17%
2021-11-28	58.06%	9.60%	33.23%	22.45%
2020-11-29	52.84%	-2.85%	-9.78%	-1.37%
2019-11-24	53.81%	6.85%	25.11%	18.72%
2018-11-25	53.77%	5.08%	42.42%	18.94%
2017-11-26	52.26%	5.74%	40.06%	23.37%
2016-11-27	51.16%	6.39%	56.87%	22.23%

Cash and debt by year

Period end	Cash	Debt
2025-11-30	$848.80M	$1.04B
2024-12-01	$690.00M	$994.00M
2023-11-26	$398.80M	$1.01B
2022-11-27	$500.20M	$984.50M
2021-11-28	$901.80M	$1.02B
2020-11-29	$1.59B	$1.55B
2019-11-24	$1.01B	$1.01B
2018-11-25	$713.12M	$1.02B
2017-11-26	$633.62M	$1.04B
2016-11-27	$375.56M	$1.01B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-11-30	$308.20M	$81.60M
2024-12-01	$670.90M	$62.80M
2023-11-26	$121.90M	$74.40M
2022-11-27	-$39.00M	$60.80M
2021-11-28	$570.40M	$60.10M
2020-11-29	$339.20M	$50.90M
2019-11-24	$236.83M	$55.19M
2018-11-25	$260.96M	$18.41M
2017-11-26	$407.32M	$25.81M
2016-11-27	$203.60M	$9.33M

Dividend history

Most recent payment: Oct 21, 2026
Paid in the last twelve months: $0.60

Payment date	Dividend per share
2026-10-21	$0.16
2026-07-22	$0.16
2026-04-22	$0.14
2026-02-10	$0.14
2025-10-20	$0.14
2025-07-24	$0.14
2025-04-24	$0.13
2025-02-12	$0.13

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-07	Aug 2026	$0.36
2026-07-08	May 2026	$0.24
2026-04-07	Feb 2026	$0.37
2026-01-28	Nov 2025	$0.39
2025-10-09	Aug 2025	$0.31
2025-07-10	May 2025	$0.14
2025-04-07	Feb 2025	$0.28
2025-01-29	Nov 2024	$0.48

Filings and sources

Company website: levistrauss.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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