LAKELAND INDUSTRIES INC LAKE
Overview – Lakeland Fire + Safety is a global provider of quality safety products that protect the world's workers, first responders, and communities during the most critical situations. The Company's products, which are governed by rigorous safety standards and regulations, are used to either protect the wearer from their environment or protect a product or process from the wearer in a broad range of markets around the world, including chemical, clean room, energy, fire service, manufacturing, and utility applications. Lakeland's product portfolio includes firefighter protective apparel and accessories, high-end chemical protective suits, limited use/disposable protective clothing, durable woven garments, high performance FR/AR apparel, and high visibility clothing. On March 27, 2026, the Company sold its high performance FR/AR apparel and high visibility clothing line to National Safety Apparel. For additional information, please see Note 14 to our consolidated financial statements.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $192.6M | $167.2M | $124.7M | $112.8M | $118.4M | $159.0M | $107.8M | $99.0M | $96.0M |
| Cost of revenue | — | $129.3M | $98.5M | $73.5M | $67.0M | $67.5M | $79.7M | $69.9M | $65.1M | $59.8M |
| Gross profit | — | $63.3M | $68.7M | $51.2M | $45.8M | $50.9M | $79.3M | $37.9M | $33.9M | $36.2M |
| R&D | — | — | — | — | — | — | $200.0K | $200.0K | $200.0K | $280.0K |
| Total operating expenses | — | $77.0M | $67.4M | $45.2M | $40.3M | $34.9M | $35.4M | $32.0M | $30.3M | $27.7M |
| Operating income | — | -$15.5M | -$9.3M | $6.0M | $5.5M | $16.0M | $43.9M | $5.9M | $3.6M | $8.5M |
| Interest expense | — | $2.1M | $1.6M | $52.0K | $37.0K | $15.0K | $23.0K | $116.0K | $125.0K | $163.0K |
| Pre-tax income | — | -$17.7M | -$18.4M | $9.4M | $5.5M | $16.2M | $43.9M | $5.8M | $3.5M | $8.3M |
| Income tax | — | $7.6M | $281.0K | $3.9M | $3.6M | $4.8M | $8.6M | $2.5M | $2.0M | $7.9M |
| Net income | — | -$25.3M | -$18.1M | $5.4M | $1.9M | $11.4M | $35.3M | $3.3M | $1.5M | $440.0K |
| EPS, basic | — | -2.63 | -2.43 | 0.74 | 0.25 | 1.44 | 4.43 | 0.41 | 0.18 | 0.06 |
| EPS, diluted | — | -2.63 | -2.43 | 0.72 | 0.24 | 1.41 | 4.34 | 0.41 | 0.18 | 0.06 |
| Shares, diluted (wtd. avg.) | — | $9.6M | $7.4M | $7.5M | $7.7M | $8.1M | $8.1M | $8.0M | $8.2M | $7.7M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $12.5M | $17.5M | $25.2M | $24.6M | $52.7M | $52.6M | $14.6M | $12.8M | $15.8M |
| Short-term investments | — | — | — | $2.2M | $0 | — | — | — | — | — |
| Receivables | — | $32.0M | $27.6M | $19.2M | $17.3M | $14.8M | $21.7M | $17.7M | $16.5M | $14.1M |
| Inventory | — | $82.5M | $82.7M | $51.2M | $58.2M | $47.7M | $43.6M | $44.2M | $42.4M | $42.9M |
| Total current assets | — | $134.2M | $136.5M | $101.5M | $105.6M | $120.6M | $123.3M | $79.8M | $75.5M | $76.5M |
| Property, plant and equipment | — | $11.6M | $13.9M | $10.7M | $9.1M | $8.7M | $9.8M | $10.1M | $10.8M | $8.8M |
| Goodwill | — | $15.3M | $16.2M | $13.7M | $8.5M | $871.0K | $871.0K | $871.0K | $871.0K | $871.0K |
| Other intangibles | — | $31.7M | $25.5M | $6.8M | $6.0M | $0 | — | — | — | — |
| Total assets | — | $209.9M | $212.5M | $153.7M | $142.9M | $140.8M | $139.6M | $99.4M | $94.7M | $94.5M |
| Accounts payable | — | $15.6M | $15.7M | $7.4M | $6.6M | $5.9M | $7.4M | $7.2M | $6.2M | $6.9M |
| Short-term debt | — | $1.9M | $939.0K | $298.0K | $405.0K | $0 | $0 | $1.2M | $158.0K | $158.0K |
| Total current liabilities | — | $38.0M | $34.9M | $18.3M | $18.6M | $12.0M | $16.2M | $12.9M | $10.3M | $10.4M |
| Long-term debt | — | $30.4M | $16.4M | — | — | — | — | $0 | $1.2M | $1.3M |
| Total liabilities | — | $80.8M | $65.9M | $30.3M | $22.9M | $15.7M | $17.8M | $14.4M | $11.5M | $11.7M |
| Retained earnings | — | $23.9M | $50.3M | $69.3M | $64.8M | $62.9M | $51.5M | $17.6M | $14.3M | $12.8M |
| Total equity | — | $129.1M | $146.6M | $123.5M | $120.0M | $125.1M | $121.8M | $85.1M | $83.2M | $82.8M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$15.8M | -$15.9M | $10.9M | -$5.5M | $12.8M | $40.7M | $3.6M | $1.8M | $648.0K |
| Depreciation and amortisation | — | $2.8M | $2.6M | $1.9M | $1.5M | $1.9M | $2.0M | $1.6M | $965.0K | $775.0K |
| Stock-based compensation | — | $3.4M | $1.6M | $1.4M | $1.5M | $1.7M | $1.7M | -$403.0K | $744.0K | $424.0K |
| Capital expenditure | — | $671.0K | $1.5M | $2.1M | $2.0M | $801.0K | $1.7M | $1.0M | $3.1M | $905.0K |
| Investing cash flow | — | -$1.2M | -$47.7M | -$5.1M | -$14.8M | -$3.6M | -$1.7M | -$1.0M | -$3.1M | -$905.0K |
| Financing cash flow | — | $12.5M | $56.6M | -$3.5M | -$5.9M | -$9.8M | -$1.3M | -$688.0K | -$1.6M | $5.6M |
| Dividends paid | — | $1.2M | $887.0K | $908.0K | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-167279.
Others in SIC 3842
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ISRG | INTUITIVE SURGICAL INC | $129.55B | 46.6x | 20.5% |
| EW | Edwards Lifesciences Corp | $51.82B | 49.1x | 11.5% |
| STE | STERIS plc | $21.90B | 28.3x | 8.7% |
| ZBH | ZIMMER BIOMET HOLDINGS, INC. | $18.71B | 27.6x | 7.2% |
| ALGN | ALIGN TECHNOLOGY INC | $11.27B | 28.1x | 0.9% |
| MSA | MSA Safety Inc | $7.28B | 26.6x | 3.7% |
| ESTA | ESTABLISHMENT LABS HOLDINGS INC. | $2.21B | — | 27.1% |
| CDRE | Cadre Holdings, Inc. | $1.27B | 29.2x | 7.5% |