Forensic Analysis · Retail / Consumer Discretionary · as of Jun 28, 2026
LANDS' END, INC. (LE)
A forensic read on LANDS' END, INC. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
1.7
Altman Z-score
Clean
Earnings quality
3
Forensic signals
1.1
P / E (ttm)
114.7%
ROE
$366M
Market cap
LANDS' END, INC. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 1.7, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
6%Return on invested capital.Return on invested capital is 6% and rising from 3% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
0% of revStock-based comp load.Stock-based compensation ran 0% of revenue and 27% of free cash flow in FY2026 — about $0.18 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
$110MGoodwill impairments.Took $110M of goodwill writedowns across 2 year(s) (FY2021 ($3M), FY2024 ($107M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin0.5%
Debt / Equity0.93x
Free Cash Flow$20.4M
Latest Revenue$1.16B
Return on Equity2.3%
Revenue Growth YoY+0.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on LANDS' END, INC.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about LE's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown