Tearsheet

Lakeland Industries (LAKE)

Market Price (12/26/2025): $8.72 | Market Cap: $85.0 Mil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Lakeland Industries (LAKE)

Market Price (12/26/2025): $8.72
Market Cap: $85.0 Mil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 27%	Weak multi-year price returns 2Y Excs Rtn is -98%, 3Y Excs Rtn is -111%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.8%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
2	Megatrend and thematic drivers Megatrends include Industrial Safety & Protection. Themes include Personal Protective Equipment (PPE), Hazardous Material Protection, and Industrial Fire Safety.		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -47%
3			Key risks [LAKE] key risks include [1] operational inefficiencies leading to elevated inventory, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 27%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%
2	Megatrend and thematic drivers Megatrends include Industrial Safety & Protection. Themes include Personal Protective Equipment (PPE), Hazardous Material Protection, and Industrial Fire Safety.
3	Weak multi-year price returns 2Y Excs Rtn is -98%, 3Y Excs Rtn is -111%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
5	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.8%
6	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -47%
8	Key risks [LAKE] key risks include [1] operational inefficiencies leading to elevated inventory, Show more.

Valuation, Metrics & Events

	12/26/25	2024	2023	2022
Share Price CYE	$8.72	$25.38	$18.30	$13.01
Market Cap CYE ($ Mil)	85.0	188.5	135.9	97.8
Total Debt ($ Mil)	52.2	31.6	12.3	5.2
Total Cash ($ Mil)	17.2	17.5	25.2	24.6
Enterprise Value ($ Mil)	120.1	220.1	148.2	103.0
Valuation Ratios
P/S TTM	0.4	1.1	1.1	0.9
P/EBIT TTM	-3.0	-11.4	14.5	18.3
P/E TTM	-2.3	-10.5	25.1	53.7
P/FCF TTM	-3.7	-10.9	15.4	-13.5
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8
P/EBIT TTM (Sector)	7.7	8.3	7.8	6.4
P/E TTM (Sector)	10.4	11.1	10.3	8.4
P/FCF TTM (Sector)	11.3	12.4	9.6	7.3

	12/26/25	2024	2023
Share Price CYE	$8.72	$25.38	$18.30
Market Cap CYE ($ Mil)	85.0	188.5	135.9
Total Debt ($ Mil)	52.2	31.6	12.3
Total Cash ($ Mil)	17.2	17.5	25.2
Enterprise Value ($ Mil)	120.1	220.1	148.2
Valuation Ratios
P/S TTM	0.4	1.1	1.1
P/EBIT TTM	-3.0	-11.4	14.5
P/E TTM	-2.3	-10.5	25.1
P/FCF TTM	-3.7	-10.9	15.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.8
P/E TTM (Sector)	10.4	11.1	10.3
P/FCF TTM (Sector)	11.3	12.4	9.6

	LAKE	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.2
Rev Chg Q	4.0%	7.3%
Rev Chg LTM	27.4%	6.1%
Rev Chg 3Y Avg	20.7%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-5.8%	18.8%
CFO/Rev LTM	-10.8%	20.4%
Net Inc Mgn	-19.4%	13.1%
VALUATION	VERY LOW
P/S	0.4	3.3
P/CFO	-4.1	15.8
P/FCF	-3.7	20.7
P/E	-2.3	23.5
STABILITY	FAIR
Debt/Equity	0.61	0.21
Cash/Assets	0.08	0.07

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Metric	Value	Date	Source
Fire segment as a percentage of revenue	46%	4092025	Link
Number of employees	Approximately 2,100	4162025	Link
Global distributor network	Over 2,000	4162025	Link
Number of acquisitions in the last year	4	2112025	Link
Number of patents owned	14	4172025	Link

Recent
12/09/2025	Earnings Release	Rev: $47 Mil (A) vs. $49 Mil (E) EPS: -0.70 (A) vs. $0.17 (E)
Upcoming
4/08/2026	Earnings Release	Rev: - EPS: -

LAKE Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Lakeland Industries (LAKE) experienced a significant stock decline of approximately 42.4% during the period from August 31, 2025, to December 26, 2025, driven by several key factors:

1. Significant Net Loss and EPS Miss in Q3 Fiscal Year 2026: The company reported a substantial net loss of USD 15.96 million for the third quarter of fiscal year 2026, which ended October 31, 2025. This contrasts sharply with a net income of USD 0.086 million reported in the same period a year prior. Furthermore, Lakeland Industries reported an earnings per share (EPS) of -$0.70, significantly missing analysts' consensus estimates of $0.17 by a considerable margin. This poor financial performance, reported on December 9, 2025, likely had a major negative impact on investor sentiment.

2. Analyst Downgrades and Reduced Price Targets: Following the disappointing Q3 FY2026 earnings report, several financial analysts downgraded Lakeland Industries' stock and lowered their price targets on December 10, 2025. Notably, DA Davidson downgraded the stock from a "Strong Buy" rating to a "Hold" and reduced its price target from $20 to $14. Other firms like Lake Street and Roth Capital also lowered their price targets, indicating a diminished outlook from the analyst community.

Show more Lakeland Industries (LAKE) experienced a significant stock decline of approximately 42.4% during the period from August 31, 2025, to December 26, 2025, driven by several key factors:

1. Significant Net Loss and EPS Miss in Q3 Fiscal Year 2026: The company reported a substantial net loss of USD 15.96 million for the third quarter of fiscal year 2026, which ended October 31, 2025. This contrasts sharply with a net income of USD 0.086 million reported in the same period a year prior. Furthermore, Lakeland Industries reported an earnings per share (EPS) of -$0.70, significantly missing analysts' consensus estimates of $0.17 by a considerable margin. This poor financial performance, reported on December 9, 2025, likely had a major negative impact on investor sentiment.

2. Analyst Downgrades and Reduced Price Targets: Following the disappointing Q3 FY2026 earnings report, several financial analysts downgraded Lakeland Industries' stock and lowered their price targets on December 10, 2025. Notably, DA Davidson downgraded the stock from a "Strong Buy" rating to a "Hold" and reduced its price target from $20 to $14. Other firms like Lake Street and Roth Capital also lowered their price targets, indicating a diminished outlook from the analyst community.

3. Substantial Net Loss in Fiscal Year 2025 Due to Non-Cash Charges: Lakeland Industries reported a net loss of $18.4 million for the fourth quarter of fiscal year 2025 (ended January 31, 2025). This was primarily attributed to significant non-cash charges, including a $10.5 million goodwill impairment and a $7.6 million write-off of its investment in Bodytrak. These substantial write-downs, though reported prior to the specified period, contributed to a full fiscal year 2025 net loss of $18.1 million and likely established a negative sentiment that continued to affect the stock's performance into the latter half of 2025.

4. Persistent High Operating Expenses and Margin Pressures: The company faced ongoing challenges with increased operating expenses and pressure on gross profit margins. For instance, in Q3 fiscal year 2025 (reported December 5, 2024), operating expenses rose by 82.5% due to acquisition-related costs and non-recurring items, while gross profit as a percentage of net sales decreased. These persistent operational cost pressures and reduced profitability, coupled with the Q3 FY2026 net loss despite increased sales, suggest underlying profitability concerns impacting investor confidence throughout the period.

5. Inventory Build-up and Tariff Challenges: Lakeland Industries encountered challenges with inventory build-up, which negatively impacted its cash flow and working capital in Q3 fiscal year 2025. Additionally, the company cited tariff pressures and broader economic uncertainties as factors impacting its operations and profitability during Q4 fiscal year 2025. These ongoing operational headwinds likely contributed to a cautious outlook from investors, further pressuring the stock price during the specified time frame. Show less

Stock Movement Drivers

Fundamental Drivers

The -41.1% change in LAKE stock from 9/25/2025 to 12/25/2025 was primarily driven by a -40.3% change in the company's P/S Multiple.

	9252025	12252025	Change
Stock Price ($)	14.84	8.74	-41.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	191.63	193.46	0.95%
P/S Multiple	0.74	0.44	-40.31%
Shares Outstanding (Mil)	9.53	9.75	-2.33%
Cumulative Contribution			-41.14%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025

	Return	Correlation
LAKE	-41.1%
Market (SPY)	4.9%	9.1%
Sector (XLY)	3.8%	-0.6%

Fundamental Drivers

The -32.8% change in LAKE stock from 6/26/2025 to 12/25/2025 was primarily driven by a -36.6% change in the company's P/S Multiple.

	6262025	12252025	Change
Stock Price ($)	13.00	8.74	-32.76%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	177.65	193.46	8.90%
P/S Multiple	0.70	0.44	-36.61%
Shares Outstanding (Mil)	9.50	9.75	-2.67%
Cumulative Contribution			-32.81%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025

	Return	Correlation
LAKE	-32.8%
Market (SPY)	13.1%	15.4%
Sector (XLY)	14.2%	9.3%

Fundamental Drivers

The -61.8% change in LAKE stock from 12/25/2024 to 12/25/2025 was primarily driven by a -60.7% change in the company's P/S Multiple.

	12252024	12252025	Change
Stock Price ($)	22.88	8.74	-61.81%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	151.82	193.46	27.42%
P/S Multiple	1.12	0.44	-60.65%
Shares Outstanding (Mil)	7.43	9.75	-31.29%
Cumulative Contribution			-65.55%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025

	Return	Correlation
LAKE	-61.8%
Market (SPY)	15.8%	33.6%
Sector (XLY)	5.3%	31.6%

Fundamental Drivers

The -29.9% change in LAKE stock from 12/26/2022 to 12/25/2025 was primarily driven by a -48.0% change in the company's P/S Multiple.

	12262022	12252025	Change
Stock Price ($)	12.47	8.74	-29.93%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	110.64	193.46	74.84%
P/S Multiple	0.85	0.44	-47.99%
Shares Outstanding (Mil)	7.51	9.75	-29.78%
Cumulative Contribution			-36.14%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025

	Return	Correlation
LAKE	-51.0%
Market (SPY)	48.3%	32.4%
Sector (XLY)	38.1%	29.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
LAKE Return	152%	-20%	-39%	41%	39%	-65%	-16%
Peers Return	�	�	-13%	18%	11%	15%	�
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
LAKE Win Rate	58%	42%	42%	58%	67%	42%
Peers Win Rate	�	62%	45%	45%	55%	57%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
LAKE Max Drawdown	-2%	-31%	-48%	-18%	-17%	-69%
Peers Max Drawdown	�	�	-30%	-13%	-10%	-17%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DD, MMM, MSA, KMB, CDRE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	LAKE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-75.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	308.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-39.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	64.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	35 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-39.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	64.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	220 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-66.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	199.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2,031 days	1,480 days

Compare to GIL, HBI, NKE, TPR, LULU

In The Past

Lakeland Industries's stock fell -75.5% during the 2022 Inflation Shock from a high on 2/9/2021. A -75.5% loss requires a 308.0% gain to breakeven.

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About Lakeland Industries (LAKE)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire. The company also provides durable woven garments, including electrostatic dissipative apparel used in electronics clean rooms; flame resistant meta aramid, para aramid, and FR cotton coveralls/pants/jackets used in petrochemical, refining operations, and electrical utilities; FR fabrics; and cotton and polycotton coveralls, lab coats, pants, and shirts. In addition, it provides high visibility clothing comprising reflective apparel, including vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats, and gloves; and gloves and sleeves that are used in the automotive, glass, and metal fabrication industries. The company sells its products to a network of approximately 1,600 safety and industrial supply distributors through in-house sales teams, customer service group, and independent sales representatives. It serves end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry; and federal, state, and local governmental agencies and departments. The company was incorporated in 1982 and is headquartered in Huntsville, Alabama.

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Here are 1-2 brief analogies for Lakeland Industries (LAKE):

Carhartt for specialized industrial safety gear: Lakeland manufactures protective clothing for hazardous industrial environments, similar to how Carhartt is known for durable workwear, but with a focus on advanced safety and protection.
A focused 3M for protective work apparel: While 3M offers a broad range of industrial and safety products, Lakeland specializes specifically in manufacturing comprehensive lines of protective clothing, acting like a dedicated apparel division for industrial safety.

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Chemical Protective Clothing: Garments offering protection against hazardous chemicals in liquid, vapor, and particulate forms.
Flame Resistant (FR) and Arc Flash Clothing: Apparel designed to protect workers from fire, intense heat, and electrical arc flash hazards.
Heat Protective Apparel: Specialized suits and garments for protection in extreme high-heat industrial environments, including molten splash.
Cleanroom and Controlled Environment Apparel: Garments manufactured for use in cleanroom and other contamination-controlled environments.
General Protective Workwear: Everyday industrial workwear, including high-visibility clothing for enhanced worker safety.

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Major Customers of Lakeland Industries (LAKE)

Lakeland Industries (LAKE) primarily sells its protective clothing and accessories to other companies and organizations, making it a business-to-business (B2B) seller. Based on the company's public filings (such as its 10-K report), Lakeland Industries has a diversified customer base, and no single customer accounts for 10% or more of its consolidated net sales. Therefore, there are no individually named "major customers" to list with their symbols. Instead, Lakeland Industries serves a broad range of industries and organizations that require personal protective equipment (PPE). These include:

Chemical and Petrochemical Industries
Oil & Gas and Utilities
Fire & Rescue Services and First Responders
Healthcare Facilities
Government Agencies
Hazardous Waste Management
Construction and Manufacturing (e.g., automotive, general manufacturing, steel & metal fabrication)
Pharmaceutical and Food Processing Industries

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James Jenkins, President and Chief Executive Officer
James Jenkins was appointed President and Chief Executive Officer of Lakeland Industries, Inc. on June 1, 2024. He also serves as the Executive Chairman of the Board since August 2023, and previously held the position of Acting President and CEO since February 1, 2024. Jenkins joined Lakeland as a director in September 2016 and has held multiple leadership roles, including Chairman of the Board. Prior to his tenure at Lakeland, he began his career as a partner at a regional law firm and subsequently held executive roles at Transcat, Inc.
Roger D. Shannon, Chief Financial Officer and Company Secretary
Roger D. Shannon was appointed as Lakeland Industries' Chief Financial Officer on February 1, 2023. He is a Certified Public Accountant (CPA) and a Chartered Financial Analyst (CFA) charter holder. Before joining Lakeland, Mr. Shannon served as CFO and Treasurer at Charah Solutions, Inc., and prior to that, he was the CFO at Adtran, Inc. For over nine years, he held the CFO and Treasurer position at Steel Technologies. His extensive background also includes senior finance roles at Brown-Forman Corporation and British American Tobacco, as well as accounting positions at Vulcan Materials Company, Lexmark International, and KPMG.
Hui An, Chief Operating Officer
Hui An serves as the Chief Operating Officer of Lakeland Industries.
Laurel Yartz, Chief Human Resources Officer
Laurel Yartz is the Chief Human Resources Officer for Lakeland Industries.
Barry Phillips, Senior Vice President of Global Sales
Barry Phillips joined Lakeland Industries as Senior Vice President of Global Sales in June 2024. He brings over 37 years of experience in global sales leadership and strategic market development, with a particular focus on the fire services sector. His career includes senior positions at leading safety product companies where he managed global B2B sales and operations teams, contributing to significant revenue growth.

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Key Risks to Lakeland Industries (LAKE)

Macroeconomic Headwinds and Supply Chain Disruptions: Lakeland Industries faces significant challenges from raw material inflation, high tariffs, and increased freight costs. These factors have directly contributed to substantial margin compression and profitability shortfalls for the company. This has also been cited by management as a reason for withdrawing guidance.
Operational Inefficiencies and Integration Risks from Acquisitions: The company is grappling with operational issues such as elevated inventory levels and difficulties in reducing them without impacting market share. Furthermore, Lakeland's strategy of growth through acquisitions has introduced integration costs and operational challenges that have weighed on profitability, while organic sales have experienced a decline.
Softening Market Demand and Intense Competitive Pricing: Lakeland Industries has reported a decrease in industrial demand, leading to distributors reducing their inventory and customers deferring purchases. This softened demand, coupled with increased competitive pricing across various market segments, has further tightened margins and impacted the company's revenue performance.

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Lakeland Industries (symbol: LAKE) manufactures and sells a range of safety garments and accessories for the industrial protective clothing market globally. Their main products include disposable protective clothing, chemical protective clothing, fire protective clothing, high-visibility clothing, and medical protective clothing.

Industrial Protective Clothing: The global industrial protective clothing market was estimated at approximately USD 16.8 billion in 2024 and is projected to grow to about USD 67.3 billion by 2034, with a compound annual growth rate (CAGR) of 14.8% from 2025 to 2034. Another estimate valued the global market at USD 18.35 billion in 2022, expected to reach USD 31.18 billion by 2030 with a CAGR of 6.9% from 2023 to 2030. The U.S. region held approximately 87% of the industrial protective clothing market share, with USD 5.7 billion in revenue in 2024.
Disposable Protective Clothing: The global disposable protective apparel market is projected to grow from USD 25.1 billion in 2025 to USD 36.8 billion by 2035, at a CAGR of 3.9%. Another report indicated the global disposable protective clothing market was valued at USD 3.30 billion in 2023 and is projected to reach USD 5.08 billion by 2030, growing at a CAGR of 6.38%. North America is a key market for disposable protective clothing, globally.
Chemical Protective Clothing: The global chemical protective clothing market was valued at USD 1.49 billion in 2024 and is projected to reach USD 2.84 billion by 2033, exhibiting a CAGR of 7.42% from 2025 to 2033. Another estimate placed the global market size at USD 1.57 billion in 2024, expected to reach USD 2.44 billion by 2033 with a CAGR of 4.81%. North America dominates the chemical protective clothing market in terms of market share and revenue.
Fire Protective Clothing / Flame Retardant (FR) Apparel: The global flame retardant apparel market is expected to grow from USD 4 billion in 2023 to USD 7.16 billion by 2033, at a CAGR of 6%. The global flame resistant clothing market was valued at USD 2.10 billion in 2024 and is expected to reach USD 2.74 billion by 2031, with a CAGR of 3.90%. North America is the largest flame-retardant apparel market.
High Visibility Clothing: The global high visibility clothing market size was estimated at USD 1.814 billion in 2024 and is projected to reach USD 2.6951 billion by 2030, growing at a CAGR of 6.9% from 2025 to 2030. Another report indicated the global market size was worth around USD 1.78 billion in 2024 and is predicted to grow to around USD 3.68 billion by 2035 with a CAGR of 6.83% from 2025 to 2035. North America emerged as the most significant global High Visibility Clothing market, holding a 35.45% market revenue share in 2024.
Medical Protective Clothing: The global medical protective clothing market size was valued at USD 579.75 million in 2024 and is projected to reach USD 1139.75 million by 2033, growing at a CAGR of 7.80% during the forecast period (2025-2033). Another source reported the global market size was USD 373.7 million in 2019 and is expected to reach USD 661.0 million by 2027, growing at a CAGR of 7.4% from 2020 to 2027. North America is the most significant global medical protective clothing market shareholder.

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Here are 3-5 expected drivers of future revenue growth for Lakeland Industries (LAKE) over the next 2-3 years:

Strategic Acquisitions: Lakeland Industries has been actively pursuing and integrating acquisitions, such as Veridian and the LHD Group's Fire division, which have significantly contributed to recent revenue growth and are expected to continue providing momentum. The company has also acquired Pacific Helmets and Jolly Scarpe, with these acquisitions anticipated to boost revenues in fiscal year 2025 and 2026. Lakeland also maintains a robust acquisition pipeline to further expand its offerings and market presence.
Growth in Fire Services Segment: The fire services segment is a key strategic focus and a significant driver of revenue growth. This segment saw a 100% year-over-year increase in Q1 2026 and represents 45% of total revenue. Lakeland is focused on accelerating growth within this fragmented sector and is expanding its fire services product lines through both organic growth and strategic acquisitions.
Expansion into New Markets and Geographies: Lakeland Industries is investing resources in high-growth geographies and actively expanding its global markets, channels, and customer base. The company has reported strong organic growth in the U.S. and Europe, indicating successful penetration and expansion in these regions.
Product Line Enhancements and New Product Introductions: The company is committed to enhancing its product lines, adding extensions, and introducing innovative new products. A strategic investment has been made to enter the "Connected Worker" market, signaling a focus on leveraging technology for future growth. The expansion of both fire services and industrial product lines is also a key initiative.

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Here's a summary of Lakeland Industries' (LAKE) capital allocation decisions over the last 3-5 years:

Share Repurchases

In February 2021, the Board of Directors approved a stock repurchase program authorizing up to $5 million, which was subsequently increased by an additional $5 million in July 2021.
The company repurchased $5.4 million of its common stock during the fiscal year ended January 31, 2023.
As of January 31, 2025, $5.0 million remained authorized under the stock repurchase program.

Share Issuance

For the fiscal year ended January 31, 2025, Lakeland Industries issued 2,093,000 shares of common stock in an underwritten offering, generating approximately $46.2 million in net proceeds after expenses. These proceeds were utilized to reduce the company's revolving credit facility.

Outbound Investments

During the fiscal year ended January 31, 2025, Lakeland Industries completed acquisitions of Veridian Limited, LHD Group Deutschland GmbH, and Jolly Scarpe S.p.A., which significantly contributed to increased net sales.
On November 30, 2023 (fiscal year ended January 31, 2024), the company acquired New Zealand-based Pacific Helmets NZ Limited in an all-cash transaction valued at approximately $8.6 million (NZ$14,000,000). This acquisition enhanced Lakeland's product portfolio, particularly in fire service protective helmets.
In October 2021 (fiscal year ended January 31, 2022), Lakeland Industries initiated an investment in Inova Design Solutions Ltd (Bodytrak), acquiring 508,905 shares. Further investments were made in April 2022 for $1.9 million and in October 2022 for $1.2 million, resulting in Lakeland owning 22.5% of Bodytrak's total share capital.

Capital Expenditures

Capital expenditures for the fiscal year ended January 31, 2024, amounted to $2.1 million, primarily directed towards manufacturing facilities in Vietnam and Mexico.
For the fiscal year ended January 31, 2023, capital expenditures were approximately $2.0 million.
Lakeland Industries anticipates capital expenditures of approximately $3.0 million for the upcoming fiscal year (FY26), with a focus on enhancing manufacturing capabilities and investing in a new ERP system.

Better Bets than Lakeland Industries (LAKE)

INDUSTRY: Apparel, Accessories & Luxury Goods

Higher Op Mgn LTM (Value for LAKE: -5.8%)

LULU (22.0%)

Lululemon Athletica

GIL (21.7%)

Gildan Activewear

TPR (18.7%)

Tapestry

RL (15.2%)

Ralph Lauren

NKE (7.4%)

Nike

Higher CFO/Rev LTM (Value for LAKE: -10.8%)

LULU (16.8%)

Lululemon Athletica

TPR (16.8%)

Tapestry

RL (14.4%)

Ralph Lauren

LEVI (8.5%)

Levi Strauss

NKE (7.6%)

Nike

Higher FCF/Rev LTM (Value for LAKE: -12.0%)

TPR (15.0%)

Tapestry

LULU (10.2%)

Lululemon Athletica

RL (8.8%)

Ralph Lauren

NKE (6.5%)

Nike

LEVI (4.9%)

Levi Strauss

Higher Total Yield (Value for LAKE: -42.8%)

LULU (7.0%)

Lululemon Athletica

GIL (5.7%)

Gildan Activewear

RL (4.8%)

Ralph Lauren

NKE (3.3%)

Nike

TPR (2.1%)

Tapestry

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for LAKE: 20.7% | 0.4x)

FLL (21.1% | 0.3x)

Full House Resorts

STKS (40.4% | 0.1x)

One Hospitality

TRNR (161.4% | 0.3x)

Interactive Strength

VSTD (25.8% | 0.1x)

Vestand

AREB (57.2% | 0.0x)

American Rebel

Higher Rev Chg LTM (Value for LAKE: 27.4%)

CVNA (45.5%)

Carvana

SGI (39.3%)

Somnigroup International

MELI (36.9%)

MercadoLibre

ONON (33.3%)

RIVN (28.2%)

Rivian Automotive

Higher Rev Chg 3Y Avg (Value for LAKE: 20.7%)

LVS (51.6%)

Las Vegas Sands

CCL (45.9%)

Carnival

MELI (39.5%)

MercadoLibre

RCL (37.7%)

Royal Caribbean

DASH (27.8%)

DoorDash

Higher Op Mgn LTM (Value for LAKE: -5.8%)

MCD (46.1%)

McDonald's

BKNG (34.5%)

Booking

HD (13.0%)

Home Depot

AMZN (11.4%)

Amazon.com

TSLA (5.1%)

Tesla

Higher CFO/Rev LTM (Value for LAKE: -10.8%)

MCD (39.9%)

McDonald's

BKNG (33.2%)

Booking

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

HD (10.6%)

Home Depot

Higher FCF/Rev LTM (Value for LAKE: -12.0%)

BKNG (31.9%)

Booking

MCD (28.1%)

McDonald's

HD (8.4%)

Home Depot

TSLA (7.1%)

Tesla

AMZN (2.0%)

Amazon.com

Higher Total Yield (Value for LAKE: -42.8%)

HD (6.9%)

Home Depot

MCD (6.0%)

McDonald's

BKNG (3.6%)

Booking

AMZN (2.9%)

Amazon.com

TSLA (0.3%)

Tesla

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LAKE: 20.7% | 0.4x)

SNEX (29.6% | 0.0x)

StoneX

STNE (21.3% | 0.3x)

StoneCo

OSCR (46.4% | 0.3x)

Oscar Health

VVX (26.7% | 0.4x)

V2X

ASTH (41.6% | 0.4x)

Astrana Health

Higher Rev Chg LTM (Value for LAKE: 27.4%)

NVDA (65.2%)

NVIDIA

PLTR (47.2%)

Palantir Technologies

MU (45.4%)

Micron Technology

LLY (36.8%)

Eli Lilly

AMD (31.8%)

Advanced Micro Devices

Higher Rev Chg 3Y Avg (Value for LAKE: 20.7%)

NVDA (91.6%)

NVIDIA

PLTR (29.3%)

Palantir Technologies

MU (28.3%)

Micron Technology

AVGO (25.2%)

Broadcom

LLY (23.4%)

Eli Lilly

Higher Op Mgn LTM (Value for LAKE: -5.8%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for LAKE: -10.8%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for LAKE: -12.0%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for LAKE: -42.8%)

META (3.8%)

Meta Platforms

MSFT (3.6%)

Microsoft

GOOGL (3.5%)

Alphabet

AAPL (2.8%)

Apple

NVDA (2.2%)

NVIDIA

		Best Bets In Consumer Discretionary Sector
	LAKE	ABNB	BKNG	DUOL	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH
What You Pay
P/E	-2.3	31.8	35.0	21.5	26.5	30.5	22.1	12.1	25.1	21.4	17.3
P/EBIT	-3.0	30.9	21.0	78.3	18.3	13.4	14.7	8.9	22.2	18.6	10.2
What You Get
Rev Chg Q	4.0%	9.7%	12.7%	41.1%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%
Rev Chg LTM	27.4%	10.2%	13.0%	39.9%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%
Rev Chg 3Y Avg	20.7%	14.2%	17.8%	41.7%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%
FCF/Rev 3Y Avg	-5.0%	40.2%	35.6%	30.3%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Lakeland Industries Earnings Notes
2	With Lakeland Industries Stock Sliding, Have You Assessed The Risk?	Return

	Title
0	ARTICLES

Trade Ideas

Select ideas related to LAKE. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	13.3%	13.3%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.3%	5.3%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.4%	3.4%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.7%	19.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.8%	1.8%	-1.6%

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EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
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KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
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ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
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FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

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WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Lakeland Industries

Peers to compare with:

Financials

	LAKE	DD	MMM	MSA	KMB	CDRE	Median
Name	Lakeland.	DuPont d.	3M	MSA Safe.	Kimberly.	Cadre
Mkt Price	8.74	41.07	160.34	161.45	101.08	42.38	71.73
Mkt Cap	0.1	17.2	85.6	6.3	33.6	1.7	11.8
Rev LTM	193	13,518	24,825	1,864	18,883	619	7,691
Op Inc LTM	-11	2,143	5,082	391	3,160	85	1,267
FCF LTM	-23	1,316	1,588	283	2,102	61	799
FCF 3Y Avg	-10	658	2,393	173	2,456	49	416
CFO LTM	-21	2,064	2,541	349	2,872	66	1,207
CFO 3Y Avg	-8	1,986	3,715	228	3,221	55	1,107

Growth & Margins

	LAKE	DD	MMM	MSA	KMB	CDRE	Median
Name	Lakeland.	DuPont d.	3M	MSA Safe.	Kimberly.	Cadre
Rev Chg LTM	27.4%	14.0%	1.1%	3.3%	-3.1%	19.9%	8.6%
Rev Chg 3Y Avg	20.7%	1.3%	-10.3%	7.8%	-2.1%	12.4%	4.5%
Rev Chg Q	4.0%	7.3%	3.5%	8.3%	-1.6%	42.5%	5.7%
QoQ Delta Rev Chg LTM	1.0%	1.6%	0.9%	2.0%	-0.4%	8.1%	1.3%
Op Mgn LTM	-5.8%	15.9%	20.5%	21.0%	16.7%	13.7%	16.3%
Op Mgn 3Y Avg	0.2%	14.9%	1.1%	21.3%	15.2%	12.2%	13.6%
QoQ Delta Op Mgn LTM	-3.5%	0.1%	1.0%	-0.3%	0.3%	1.5%	0.2%
CFO/Rev LTM	-10.8%	15.3%	10.2%	18.7%	15.2%	10.7%	12.9%
CFO/Rev 3Y Avg	-3.6%	15.9%	13.8%	12.4%	16.5%	10.2%	13.1%
FCF/Rev LTM	-12.0%	9.7%	6.4%	15.2%	11.1%	9.9%	9.8%
FCF/Rev 3Y Avg	-5.0%	5.2%	8.8%	9.4%	12.5%	9.1%	8.9%

Valuation

	LAKE	DD	MMM	MSA	KMB	CDRE	Median
Name	Lakeland.	DuPont d.	3M	MSA Safe.	Kimberly.	Cadre
Mkt Cap	0.1	17.2	85.6	6.3	33.6	1.7	11.8
P/S	0.4	1.3	3.4	3.4	1.8	2.8	2.3
P/EBIT	-3.0	24.4	16.5	15.8	11.0	22.0	16.1
P/E	-2.3	-22.3	25.2	22.6	13.8	38.0	18.2
P/CFO	-4.1	8.3	33.7	18.1	11.7	26.0	14.9
Total Yield	-42.8%	-0.6%	4.9%	4.7%	12.1%	3.5%	4.1%
Dividend Yield	1.3%	3.9%	0.9%	0.3%	4.9%	0.9%	1.1%
FCF Yield 3Y Avg	-6.3%	1.9%	4.7%	2.5%	5.6%	3.9%	3.2%
D/E	0.6	0.5	0.2	0.1	0.2	0.2	0.2
Net D/E	0.4	0.4	0.1	0.1	0.2	0.1	0.1

Returns

	LAKE	DD	MMM	MSA	KMB	CDRE	Median
Name	Lakeland.	DuPont d.	3M	MSA Safe.	Kimberly.	Cadre
1M Rtn	-40.9%	6.4%	-6.5%	0.3%	-3.5%	-0.4%	-1.9%
3M Rtn	-41.1%	38.5%	5.2%	-4.1%	-15.9%	18.9%	0.6%
6M Rtn	-32.8%	49.8%	7.3%	-3.9%	-18.5%	32.0%	1.7%
12M Rtn	-61.8%	35.8%	25.3%	-3.2%	-20.4%	32.6%	11.1%
3Y Rtn	-29.9%	58.8%	78.3%	19.0%	-17.4%	118.1%	38.9%
1M Excs Rtn	-41.4%	3.9%	-8.8%	1.4%	-6.0%	0.4%	-2.8%
3M Excs Rtn	-46.1%	33.5%	0.3%	-9.1%	-20.9%	14.0%	-4.4%
6M Excs Rtn	-45.6%	36.9%	-5.6%	-16.8%	-31.4%	19.1%	-11.2%
12M Excs Rtn	-78.4%	18.9%	9.5%	-18.0%	-36.8%	9.3%	-4.3%
3Y Excs Rtn	-110.8%	-20.1%	-6.2%	-54.2%	-98.1%	23.2%	-37.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 1/31	LTM	2025	2024	2023	2022	2021	2020
Period End	10/31/2025	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020
Filing Date	12/9/2025	4/17/2025	4/11/2024	4/18/2023	4/21/2022	4/16/2021	4/15/2020
Key Financials
Total Revenue	193	167	125	113	118	159	108
EBITDA	-25	-13	12	7	18	46	8
Operating Income	-11	1	6	6	16	44	6
Net Income	-38	-18	5	2	11	35	3
EPS	-4.45	-2.43	0.74	0.25	1.44	4.43	0.41
Growth Rates
Total Revenue Growth	27.4%	34.1%	10.5%	-4.7%	-25.5%	47.5%	8.9%
EBITDA Growth	-561.9%	-216.2%	64.3%	-61.1%	-60.7%	510.9%	64.4%
Operating Income Growth	-496.0%	-78.8%	8.1%	-65.5%	-63.4%	646.9%	64.8%
Net Income Growth	-6014.0%	-433.2%	189.6%	-83.5%	-67.8%	976.8%	124.9%
Margins
EBITDA Margin	-12.7%	-8.0%	9.2%	6.2%	15.2%	28.9%	7.0%
Operating Income Margin	-5.8%	0.8%	4.8%	4.9%	13.6%	27.6%	5.5%
Net Income Margin	-19.4%	-10.8%	4.4%	1.7%	9.6%	22.2%	3.0%
Cash & Debt
Total Cash	17	17	25	25	53	53	15
Total Debt	52	32	12	5	5	2	3
Net Debt / (Cash)	35	14	-13	-19	-48	-50	-11
Cash Flows
Net Cash from Operations	-21	-16	11	-5	13	41	4
Free Cash from Operations	-23	-17	9	-7	12	39	3
Returns to Shareholders
Dividends	1	1	1	-0	-0	-0	-0
Share Repurchases	0	0	1	6	10	0	1

$ Mil \| FY: 1/31	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	10/31/2025	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023
Filing Date	12/9/2025	9/9/2025	6/9/2025	4/17/2025	12/10/2024	9/6/2024	6/6/2024	4/11/2024	12/7/2023	9/6/2023	6/7/2023	4/18/2023
Key Financials Quarterly
Total Revenue	48	52	47	47	46	39	36	31	32	33	29	29
Ebitda	-1	-3	-3	-18	2	-0	3	1	4	4	2	0
Operating Income	-6	-0	-5	-0	1	-2	2	-3	4	4	2	0
Net Income	-16	1	-4	-18	0	-1	2	-1	3	2	1	0
EPS	-1.64	0.08	-0.41	-2.48	0.01	-0.19	0.22	-0.13	0.35	0.33	0.18	0.03
Key Financials TTM
Total Revenue TTM	193	192	178	167	152	138	132	125	122	119	114	113
Ebitda TTM	-25	-22	-20	-13	5	7	12	12	11	10	8	7
Operating Income TTM	-11	-4	-6	1	-2	1	6	6	9	8	6	6
Net Income TTM	-38	-21	-24	-18	-1	2	6	5	7	5	2	2
Growth Rates Quarterly
Total Revenue Growth	4.0%	36.3%	28.7%	49.3%	44.5%	16.5%	26.5%	7.7%	11.6%	17.3%	5.2%	8.2%
EBITDA Growth	-129.6%	-873.7%	-218.5%	-2316.8%	-52.1%	-106.6%	19.1%	154.1%	47.9%	101.9%	30.0%	-80.8%
Operating Income Growth	-837.9%	70.8%	-310.4%	95.6%	-77.7%	-142.7%	13.6%	-4438.2%	63.0%	107.8%	33.7%	-93.2%
Net Income Growth	-18652.3%	155.7%	-336.7%	-1787.2%	-96.7%	-155.8%	25.2%	-633.9%	82.9%	383.3%	16.9%	-63.8%
Margins Quarterly
EBITDA Margin	-1.2%	-5.2%	-7.3%	-38.4%	4.2%	-0.7%	7.9%	2.6%	12.8%	12.9%	8.4%	1.1%
Operating Income Margin	-12.5%	-0.9%	-9.9%	-0.3%	1.8%	-4.1%	6.1%	-10.6%	11.4%	11.3%	6.8%	0.3%
Net Income Margin	-33.5%	1.5%	-8.4%	-39.5%	0.2%	-3.6%	4.6%	-3.1%	8.3%	7.5%	4.6%	0.6%
Cash & Debt
Total Cash	17	18	19	17	16	25	28	25	26	24	26	25
Total Debt	52	42	40	32	46	44	25	12	11	8	5	5
Net Debt / (Cash)	35	25	22	14	30	19	-3	-13	-16	-16	-21	-19
Cash Flows Quarterly
FCF from Operations	-8	-5	-5	-3	-8	-4	0	3	4	0	4	-0
Cash Flows TTM
FCF from Operations TTM	-21	-21	-21	-16	-9	3	8	11	8	3	-4	-5
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	-0	0	0	0	-0	0	0	1	0
Return on Invested Capital (ROIC) Quarterly
ROIC	-20.0%	-1.8%	-14.4%	-0.6%	1.8%	-8.9%	22.7%	-62.0%	61.1%	57.4%	41.9%	1.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-9.4%	-3.2%	-5.2%	1.4%	-2.9%	0.8%	12.0%	16.3%	38.2%	31.4%	16.0%	11.7%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Disposables	50	55	67	104	53
Fire Service	26	15	8	8	9
Chemical	20	22	24	31	23
Wovens	13	8	7	7	2
High Performance Wear	7	5	4	2	10
High Visibility	7	6	6	4	8
Gloves	2	2	2	3	3
Total	125	113	118	159	108

Price Behavior

Price Behavior

Market Price	$8.74
Market Cap ($ Bil)	0.1
First Trading Date	03/26/1990
Distance from 52W High	-66.8%
	50 Days	200 Days
DMA Price	$14.09	$15.52
DMA Trend	down	down
Distance from DMA	-38.0%	-43.7%
	3M	1YR
Volatility	92.6%	68.2%
Downside Capture	152.41	141.67
Upside Capture	-128.62	26.03
Correlation (SPY)	8.8%	33.3%

LAKE Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.94	1.11	1.06	1.18	1.24	0.97
Up Beta	1.70	0.50	1.33	1.51	1.17	0.96
Down Beta	0.58	2.35	2.31	2.29	1.52	1.39
Up Capture	127%	80%	34%	11%	70%	42%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	8	19	30	65	128	366
Down Capture	260%	77%	52%	106%	119%	94%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	22	32	59	119	371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of LAKE With Other Asset Classes (Last 1Y)
	LAKE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-61.4%	8.3%	19.2%	71.9%	8.9%	6.0%	-10.1%
Annualized Volatility	67.9%	24.3%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	-1.07	0.27	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		31.3%	33.4%	-0.9%	10.6%	25.3%	19.1%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of LAKE With Other Asset Classes (Last 5Y)
	LAKE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-17.0%	9.8%	14.9%	18.7%	11.7%	4.8%	32.7%
Annualized Volatility	48.1%	23.8%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	-0.20	0.37	0.70	0.97	0.51	0.17	0.60
Correlation With Other Assets		25.1%	27.4%	5.6%	6.2%	19.2%	15.2%

Based On 10-Year Data

		Comparison of LAKE With Other Asset Classes (Last 10Y)
	LAKE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.8%	13.1%	14.7%	14.9%	6.9%	5.2%	69.3%
Annualized Volatility	47.6%	22.0%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.13	0.55	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		13.1%	11.7%	4.8%	1.3%	4.7%	7.5%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	1,458,540
Short Interest: % Change Since 11302025	27.4%
Average Daily Volume	544,782
Days-to-Cover Short Interest	2.68
Basic Shares Quantity	9,752,582
Short % of Basic Shares	15.0%

Returns Analyses

	Title
0	With Lakeland Industries Stock Sliding, Have You Assessed The Risk?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
12/9/2025	-39.0%	-44.6%
9/10/2025	3.2%	5.5%	25.5%
4/9/2025	-14.3%	-13.6%	-7.0%
12/6/2024	-4.0%	-1.1%	9.5%
9/4/2024	-7.8%	-17.7%	-19.0%
4/11/2024	-4.9%	-10.6%	0.1%
12/7/2023	-1.8%	2.6%	14.5%
9/6/2023	11.5%	9.9%	11.0%
...
SUMMARY STATS
# Positive	3	6	9
# Negative	15	12	9
Median Positive	3.2%	3.8%	11.0%
Median Negative	-4.9%	-10.0%	-10.7%
Max Positive	11.5%	9.9%	37.0%
Max Negative	-39.0%	-44.6%	-19.8%

	Forward Returns
12/9/2025	-39.0%	-44.6%
9/10/2025	3.2%	5.5%	25.5%
4/9/2025	-14.3%	-13.6%	-7.0%
12/6/2024	-4.0%	-1.1%	9.5%
9/4/2024	-7.8%	-17.7%	-19.0%
4/11/2024	-4.9%	-10.6%	0.1%
12/7/2023	-1.8%	2.6%	14.5%
9/6/2023	11.5%	9.9%	11.0%
4/13/2023	-7.4%	-8.6%	-18.3%
12/8/2022	-6.0%	-4.3%	4.8%
9/8/2022	-8.6%	-10.9%	-10.1%
4/19/2022	-0.7%	-8.1%	-5.5%
12/9/2021	1.7%	5.0%	12.0%
9/9/2021	-13.0%	-11.3%	-11.3%
4/15/2021	-3.3%	1.5%	-8.1%
12/10/2020	-1.2%	1.0%	37.0%
9/9/2020	-1.9%	-5.2%	1.8%
4/15/2020	-3.4%	-9.5%	-19.8%
SUMMARY STATS
# Positive	3	6	9
# Negative	15	12	9
Median Positive	3.2%	3.8%	11.0%
Median Negative	-4.9%	-10.0%	-10.7%
Max Positive	11.5%	9.9%	37.0%
Max Negative	-39.0%	-44.6%	-19.8%

SEC Filings

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Report Date	Filing Date	Filing
10312025	12092025	10-Q 10/31/2025
7312025	9092025	10-Q 7/31/2025
4302025	6092025	10-Q 4/30/2025
1312025	4172025	10-K 1/31/2025
10312024	12102024	10-Q 10/31/2024
7312024	9062024	10-Q 7/31/2024
4302024	6062024	10-Q 4/30/2024
1312024	4112024	10-K 1/31/2024
10312023	12072023	10-Q 10/31/2023
7312023	9062023	10-Q 7/31/2023
4302023	6072023	10-Q 4/30/2023
1312023	4182023	10-K 1/31/2023
10312022	12082022	10-Q 10/31/2022
7312022	9082022	10-Q 7/31/2022
4302022	6092022	10-Q 4/30/2022
1312022	4212022	10-K 1/31/2022

Insider Activity

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External Quote Links

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7	FinViz

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Lakeland Industries (LAKE)

Market Price (12/26/2025): $8.72 | Market Cap: $85.0 MilSector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Lakeland Industries (LAKE)

Market Price (12/26/2025): $8.72Market Cap: $85.0 MilSector: Consumer DiscretionaryIndustry: Apparel, Accessories & Luxury Goods

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

LAKE Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Lakeland Industries (LAKE)

Major Customers of Lakeland Industries (LAKE)

James Jenkins, President and Chief Executive Officer

Roger D. Shannon, Chief Financial Officer and Company Secretary

Hui An, Chief Operating Officer

Laurel Yartz, Chief Human Resources Officer

Barry Phillips, Senior Vice President of Global Sales

Key Risks to Lakeland Industries (LAKE)

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Lakeland Industries (LAKE)

INDUSTRY: Apparel, Accessories & Luxury Goods

Higher Op Mgn LTM (Value for LAKE: -5.8%)

Higher CFO/Rev LTM (Value for LAKE: -10.8%)

Higher FCF/Rev LTM (Value for LAKE: -12.0%)

Higher Total Yield (Value for LAKE: -42.8%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for LAKE: 20.7% | 0.4x)

Higher Rev Chg LTM (Value for LAKE: 27.4%)

Higher Rev Chg 3Y Avg (Value for LAKE: 20.7%)

Higher Op Mgn LTM (Value for LAKE: -5.8%)

Higher CFO/Rev LTM (Value for LAKE: -10.8%)

Higher FCF/Rev LTM (Value for LAKE: -12.0%)

Higher Total Yield (Value for LAKE: -42.8%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LAKE: 20.7% | 0.4x)

Higher Rev Chg LTM (Value for LAKE: 27.4%)

Higher Rev Chg 3Y Avg (Value for LAKE: 20.7%)

Higher Op Mgn LTM (Value for LAKE: -5.8%)

Higher CFO/Rev LTM (Value for LAKE: -10.8%)

Higher FCF/Rev LTM (Value for LAKE: -12.0%)

Higher Total Yield (Value for LAKE: -42.8%)

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Market Price (12/26/2025): $8.72 | Market Cap: $85.0 Mil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Market Price (12/26/2025): $8.72
Market Cap: $85.0 Mil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods