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NYSE · Consumer Discretionary

LEVI STRAUSS & CO (LEVI)

As-reported financials and SEC filings for LEVI STRAUSS & CO. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About LEVI STRAUSS & CO

Levi Strauss & Co designs, markets, and sells apparel products under brands including Levi's, Dockers, Levi Strauss Signature, and Beyond Yoga. Its product range includes jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and accessories for men, women, and children. The company serves customers globally through approximately 50,000 retail locations, brand-dedicated stores, and e-commerce platforms.

Snapshot

Revenue
$6.28B
Revenue growth (YoY)
4.1%
Net income
$578.1M
Diluted EPS
$1.45
Gross margin
61.7%
Operating margin
10.8%
Net margin
9.2%
FCF margin
4.9%
ROE
25.4%
net income / fiscal-year-end equity
P/E
14.5×
trailing when available, otherwise FY EPS
Market cap
$7.84B
Long-term debt / equity
0.46×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended November 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Levi Strauss

  • Revenue grew 4.1% to $6.3B in FY2025, in line with the 3.3% the year before.
  • Operating margin is 10.8% in FY2025, -1.1 pp against 11.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.6B, up 8.0% from Q2 FY2025.
  • Free cash flow was $308M in FY2025, 4.9% of revenue.
  • Net income rose 174.5% to $578M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Levi Strauss’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin61.7%
89th percentile of 275
Operating margin10.8%
76th percentile of 348
Net margin9.2%
80th percentile of 377
FCF margin4.9%
57th percentile of 351
Revenue growth (YoY)+4.1%
54th percentile of 394
ROE25.4%
82nd percentile of 343
P/E14.5×
32nd percentile of 249
Long-term debt / equity0.46×
50th percentile of 234
Short interest3.48d
44th percentile of 401

Levi Strauss’s gross margin of 61.7% ranks in the 89th percentile of the 275 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 6 insider sales totaling $23.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$215.1M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$80.2M3.2MAdded
Citadel AdvisorsquantQ2 2026$58.3M2.3MAdded
Renaissance TechnologiesquantQ2 2026$25.1M1.0MNew
D. E. ShawquantQ2 2026$15.7M632.9KReduced
AQR Capital ManagementquantQ2 2026$15.4M622.1KReduced
Millennium ManagementquantQ2 2026$13.6M548.0KReduced
Point72 Asset ManagementquantQ2 2026$4.9M198.7KReduced
Gotham Asset ManagementQ2 2026$1.8M72.1KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
6
$23.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-23
filed 2026-07-24
Singh Harmit JEVP & Chief Fin. & Growth Ofc.Sell98.1K$24.22$2.4M
2026-06-12
filed 2026-06-15
Haas Robert D.10% ownerSell202.1K$24.02$4.9M
2026-06-11
Haas Robert D.10% ownerSell488.9K$24.11$11.8M
2026-06-11
filed 2026-06-12
Peter E. Haas Jr. Family Fund10% ownerSell145.7K$24.01$3.5M
2026-06-11
filed 2026-06-12
Haas Margaret E.10% ownerSell47.7K$24.01$1.1M
2026-06-10
filed 2026-06-11
Haas Robert D.10% ownerSell3.2K$24.00$76K
2026-06-03
Jedrzejek DavidSVP and General CounselSell336$22.82$8K
2026-05-27
filed 2026-05-28
Haas Robert D.10% ownerSell5.8K$24.00$140K
2026-05-27
filed 2026-05-28
Peter E. Haas Jr. Family Fund10% ownerSell4.3K$24.00$104K
2026-05-27
filed 2026-05-28
Haas Margaret E.10% ownerSell2.3K$24.01$55K
2026-05-26
filed 2026-05-28
Haas Robert D.10% ownerSell192.5K$22.68$4.4M
2026-05-22
filed 2026-05-26
Haas Robert D.10% ownerSell176.5K$22.01$3.9M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.1M
settled 2026-08-14
Change vs prior
+0.7%
vs previous settlement
Days to cover
3.48
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-147.1M+0.7%3.48
2026-07-317.0M-5.9%3.05
2026-07-157.5M-4.1%1.78
2026-06-307.8M+4.5%2.88
2026-06-157.5M-25.4%3.48
2026-05-2910.0M+2.6%3.96
2026-05-159.8M+19.7%3.33
2026-04-308.1M-11.9%2.88

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$6.28B$6.03B$5.84B$6.17B$5.76B
Gross profit$3.88B$3.66B$3.36B$3.55B$3.35B
Operating income$677.6M$262.7M$354.4M$646.5M$686.2M
Net income$578.1M$210.6M$249.6M$569.1M$553.5M
Diluted EPS$1.45$0.52$0.62$1.41$1.35

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$529.6M$898.4M$435.5M$228.1M$737.3M
Capital expenditure$221.4M$227.5M$313.6M$267.1M$166.9M
Free cash flow$308.2M$670.9M$121.9M$-39.0M$570.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.56B8.0%$87.3M$0.22
Q1 FY2026$1.74B14.1%$175.8M$0.45
Q4 FY2025$1.77B0.9%$158.0M$0.40
Q3 FY2025$1.54B7.0%$218.1M$0.55
Q2 FY2025$1.45B6.4%$67.0M$0.17
Q1 FY2025$1.53B3.1%$135.0M$0.34
Q4 FY2024$1.75B34.1%$182.6M$0.46
Q3 FY2024$1.44B-4.5%$20.7M$0.05

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryApparel & Other Finishd Prods of Fabrics & Similar Matl
Latest annual periodFY2025 (ended November 30, 2025)
Latest reported quarterQ2 FY2026 (ended May 31, 2026)
Oldest indexed filing2021
SEC CIK94845

Selected SEC filings

10-Q2026-07-08
View on EDGAR →
8-K2026-08-18
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K2026-07-08
View on EDGAR →
8-K2026-06-15
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.