Stocktoria
Leatt Corp LEAT
Leatt Corp (LEAT) earns a Piotroski F-score of 7/9 (strong financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $61.9M at a 5.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.37 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
How it ranks in Manufacturing · percentile among 2036 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 7/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.727 |
| Retained earnings / assets | 0.612 |
| EBIT / assets | 0.077 |
| Equity / liabilities | 4.303 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| LEAT | Leatt Corp | 7/9 | 11.8 | 22.9 | +40.6% |
| LVWR | LiveWire Group, Inc. | 3/9 | -6 | — | -3.6% |
| LOBO | LOBO TECHNOLOGIES LTD. | 4/9 | 0.2 | — | +9.6% |
| EZGO | EZGO Technologies Ltd. | 1/9 | 3.34 | — | +32.7% |
| FOXF | FOX FACTORY HOLDING CORP | 4/9 | 1.15 | — | +5.3% |
| HOG | HARLEY-DAVIDSON, INC. | 8/9 | 4.9 | 7.8 | -13.8% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
About Leatt Corp
Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities in South Africa and internationally. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck. It also provides helmets for head and brain protection; and body armor products, including chest protectors, full upper body protectors, upper body protection vests, back protectors, knee braces, knee and elbow guards, off-road motorcycle boots, and mountain biking shoes. In addition, the company offers other products, parts, and accessories, such as goggles and hydrations bags, as well as apparel items that comprise suits, jackets, jerseys, pants, shorts, socks, gloves, sunglasses, and bicycle components; and aftermarket support products; toolbelt, duffel, gear, and helmet bags; backpacks, hats, and hydration kits; and casual clothing and caps. Further, it acts as the original equipment manufacturer for personal protective equipment sold by other brands. The company's products are used by riders of motorcycles, bicycles, snowmobiles, and ATVs. It sells its products to customers through a network of distributors and retailers; and directs end consumers through digital channels and online store at leatt.com. The company was formerly known as Treadzone, Inc. and changed its name to Leatt Corporation in May 2005. Leatt Corporation was founded in 2001 and is headquartered in Durbanville, South Africa.
FAQ
Is LEAT financially healthy?
Leatt Corp's Piotroski F-score is 7/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does LEAT pay a dividend?
No, Leatt Corp does not currently pay a dividend.
How profitable is LEAT?
In FY2025, Leatt Corp had a net margin of 5.3% and a return on equity of 7.7%.
Is LEAT overvalued or undervalued?
Leatt Corp trades at about 23.5× trailing earnings — above its 10-year norm (10-year range 10.2×–69.2×, median 17.5×). Stocktoria reports the data, not buy/sell advice.
Is LEAT a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Leatt Corp: a Piotroski F-score of 7/9, an Altman Z″ in the safe zone, a P/E of about 22.9×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.