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Tandy Leather Factory, Inc.

TLF Consumer Cyclical Specialty Retail

Tandy Leather Factory, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $76.3 million, up 2.60% from fiscal 2024.

Revenue
+1.52%
EPS
+350.0%
Free cash flow
−120.9%

Quarter to June 2026, against a year earlier

2.13 0.15 −6.58%
Market cap
$17.4M
P/E
0.0×
Fwd P/E
—
Dividend yield
0.00%
F-score
6/9
Altman Z
2.79
Beneish M
−1.97
Dividend safety
30/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.16%

Capital & Financial Ratios $m

Size
Market Cap 17.41
Revenue ttm 77.21
Net income ttm (1.65)
Free cash flow ttm (2.30)
Net debt Q (6.44)
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.23
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.37
Financial health
Current ratio Q 4.55 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (16.00)
Growth
Revenue growth Q +1.52% (above 0%: growing)
Operating income growth Q +722.73% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A +20.00% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.4×; over the ten years it ranged from 0.0× in 2025 to 0.9× in 2017.
P/S against its own 10 years 0.04%
10-year low 10-year high
P/B against its own 10 years 0.59%
10-year low 10-year high
EV/Sales against its own 10 years 8.95%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 12 13 16 6
Receivables 1 1 0 0
Inventory 38 36 33 37
Other 0 0 0 0
51 51 51 44
2023 2024 2025 Q'26
Payables 2 3 2 3
ST’ Debt — — — —
Other — — — —
9 10 10 10

Compound Annual Growth %

10y 5y 3y
Sales (0.97%) 3.56% (1.69%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 3.58% 0.00% 95.03%
Book Value 0.31% 0.15% 0.73%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY13 Estimate 0.18 Actual 0.16

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY13 0.18 0.16 Miss by 0.02

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.05 — — —
’25 1.35 (0.02) (0.17) (0.08) 1.10
’24 0.06 0.01 (0.02) 0.03 0.09
’23 0.08 0.06 0.08 0.23 0.45
’22 0.08 (0.07) 0.09 0.06 0.15
’21 0.08 0.06 0.00 0.01 0.16
’20 (0.19) (0.20) (0.11) (0.04) (0.54)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 20 18 — — —
’25 19 18 17 22 76
’24 19 17 17 20 74
’23 20 17 18 21 76
’22 21 18 19 22 80
’21 21 19 19 23 83
’20 17 9 16 22 64
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1 (3) — — —
’25 (1) (4) (1) 5 (1)
’24 1 (1) (1) 5 5
’23 1 2 (1) 3 5
’22 0 (2) (2) 5 1
’21 2 (5) 1 6 4
’20 (4) (7) (3) 2 (13)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 0 (4) — — —
’25 (2) 18 (28) 29 17
’24 0 (1) (1) 4 2
’23 1 1 (1) 3 4
’22 0 (2) (3) 5 1
’21 2 (5) 0 5 3
’20 (4) (7) (4) 2 (14)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 83 82 83 75 64 83 80 76 74 76 77 (0.9%) — — — —
Gross margin, % 62.36 59.56 61.22 56.01 56.27 56.86 57.88 59.25 56.19 57.04 59.49 (5.3) pt
EBT 10 6 6 (3) (6) 2 1 5 1 12 (2) +2.1%
EBT margin, % 12.30 7.69 7.47 (3.46) (9.80) 2.65 1.75 5.96 1.47 16.12 (2.97) +3.8 pt
Net income 6 2 4 (2) (5) 1 1 4 1 9 (2) +4.0%
Per share, $
Per share, $ Revenue 8.91 8.92 9.06 8.35 7.07 9.49 9.61 9.14 8.76 9.27 9.47 +0.4%
Earnings 0.69 0.27 0.48 (0.21) (0.54) 0.16 0.15 0.45 0.10 1.11 (0.18) +5.4%
Cash flow 0.83 0.27 0.85 1.17 (1.38) 0.43 0.14 0.54 0.54 (0.07) 0.15 n/m
Capex (0.17) (0.18) (0.12) (0.02) (0.14) (0.11) (0.07) (0.07) (0.35) 2.11 (0.43) n/m
Free cash flow 0.66 0.09 0.73 1.15 (1.52) 0.31 0.06 0.47 0.18 2.04 (0.28) +13.3%
Book value 5.77 6.05 6.35 6.29 5.76 5.91 6.15 6.76 6.73 6.39 5.76 +1.1%
Shares, m 9 9 9 9 9 9 8 8 8 8 8 (1.4%)
Valuation, ×
Valuation, × P/E 11.67 28.33 11.24 0.00 0.00 34.75 28.44 10.42 56.82 2.26 0.00 18.4
P/S 0.90 0.85 0.63 0.68 0.45 0.54 0.47 0.51 0.55 0.30 0.23 0.6
P/B 1.39 1.26 0.90 0.91 0.56 0.87 0.74 0.69 0.71 0.43 0.37 0.8
EV/Sales 0.79 0.72 0.45 0.47 0.31 0.43 0.38 0.36 0.37 0.09 0.14 0.4
EV/FCF 10.59 73.51 5.52 3.41 (1.42) 12.94 57.09 6.84 17.58 0.39 (4.80) 18.6
Cash, $m
Cash, $m Operating cash flow 8 2 8 10 (13) 4 1 5 5 (1) 1 n/m
Capex (2) (2) (1) 0 (1) (1) (1) (1) (3) 17 (4) n/m
Free cash flow 6 1 7 10 (14) 3 1 4 2 17 (2) +11.8%
Balance, $m
Balance, $m Working capital 45 46 52 40 38 38 38 42 41 41 35 (1.1%)
Net debt (9) (11) (15) (11) (6) (10) (8) (12) (13) (16) (6) +6.0%
Shareholders’ equity 54 56 58 56 52 52 51 56 57 53 47 (0.2%)
Returns, %
Returns, % ROA 9.47 3.45 5.88 (2.43) (6.29) 1.82 1.73 5.36 1.12 11.27 (2.09) +1.8 pt
ROIC 14.56 8.82 8.63 (3.54) (8.65) 3.44 1.99 6.24 0.89 (1.65) (0.59) (16.2) pt
ROE 12.23 4.52 7.70 (3.32) (9.02) 2.61 2.38 6.99 1.46 16.59 (3.17) +4.4 pt
People
People Employees 614 656 684 578 496 593 605 515 542 538 — (1.5%)
Revenue/emp, $m 0.14 0.13 0.12 0.13 0.13 0.14 0.13 0.15 0.14 0.14 — +0.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Tandy Leather Factory, Inc. vs peers in Specialty Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BARK BARK, Inc. $75.5M — (loss-making) — (loss-making) −18.14% (below 0%: shrinking) n/m +123.40% (above 0%: growing) 58.89% (5.91%) Compare
PTLE PTL Limited $58.4M — — — — — — — Compare
SPWH Sportsman's Warehouse Holdings, Inc. $43.1M — (loss-making) — (loss-making) +0.57% (above 0%: growing) n/m +54.22% (above 0%: growing) 32.48% (0.38%) Compare
NAAS NaaS Technology Inc. Sponsored ADR $37.1M — (loss-making) — (loss-making) −35.99% (below 0%: shrinking) n/m −165.45% (below 0%: shrinking) 15.91% (398.93%) Compare
JBDI JBDI Holdings Limited $20.1M — — — — +82.28% (above 0%: growing) — — Compare
RECT Rectitude Holdings Ltd. $19.7M — — — — −160.94% (below 0%: shrinking) — — Compare
TLF Tandy Leather Factory, Inc. $17.4M — (loss-making) — +1.52% (above 0%: growing) n/m −120.94% (below 0%: shrinking) 64.81% 3.01%
TKLF Tokyo Lifestyle Co., Ltd. $5.9M 5.2× — +32.52% (above 0%: growing) −83.33% (below 0%: shrinking) −188.65% (below 0%: shrinking) 17.85% 0.00% Compare
CGTL Creative Global Technology Holdings Limited $4.3M — — — — +134.20% (above 0%: growing) — — Compare
Median of peers $28.6M — — −8.78% — +54.22% 25.17% (3.14%)

All 45 Specialty Retail stocks →

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Directors and executive officers, together 36.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tandy Leather Factory, Inc. (TLF) Latest News

18 Aug

Impact 3 ·

11 Aug

Impact 4 ·
Impact 3 ·

18 May

Impact 3 · · Zacks

11 May

Impact 3 · · GlobeNewswire

2 Mar

Impact 3 · · Zacks

24 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire

3 Feb

Impact 3 · · GlobeNewswireSimply Wall St.

15 Jan

Impact 3 · · Zacks

10 Nov

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire

30 Oct

Impact 4 · · Simply Wall St.

19 Sep

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

12 Aug

Impact 4 · · Associated Press Finance

1 Aug

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

31 Jul

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

30 Jul

Impact 3 · · Simply Wall St.

29 Jul

Impact 3 ·

28 Jul

Impact 3 ·

25 Jul

Impact 3 ·

24 Jul

Impact 3 ·
Impact 3 ·

11 Jul

Impact 3 ·

4 Jul

Impact 3 ·

3 Jul

Impact 3 ·

16 May

Impact 3 · · Simply Wall St.

12 May

Impact 4 ·
stockrow.com/TLF · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com