Saturday 17 October 2026
Export TLF’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 1.52%, EPS grew 350.0% and free cash flow fell 120.9%, each against the same quarter a year earlier.
2.39
0.01
+0.42%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 5 | 7 | 3 | 2 | 9 | 7 | 8 | 4 | 6 |
P/E ratio |
11.67 | 28.33 | 11.24 | 0.00 | 0.00 | 34.75 | 28.44 | 10.42 | 56.82 | 2.26 |
P/S ratio |
0.90 | 0.85 | 0.63 | 0.68 | 0.45 | 0.54 | 0.47 | 0.51 | 0.55 | 0.30 |
Altman Z-Score |
6.26 | 5.87 | 5.02 | 3.82 | 2.97 | 4.23 | 4.38 | 4.55 | 4.25 | 2.79 |
Altman Z″-Score (non-manufacturers) |
11.23 | 10.91 | 10.99 | 8.11 | 7.54 | 8.77 | 9.81 | 10.88 | 9.80 | 6.93 |
P/FCF ratio |
12.12 | 86.74 | 7.77 | 4.97 | 0.00 | 16.52 | 71.93 | 9.87 | 25.99 | 1.34 |
Beneish M-Score |
(2.65) | (2.45) | (2.86) | 2.68 | (1.33) | (2.95) | (2.96) | (2.78) | (2.27) | (1.97) |
P/Operating CF |
12.81 | 12.09 | 6.71 | 20.09 | 16.65 | 7.81 | 7.45 | 11.74 | 9.02 | 4.53 |
P/B ratio |
1.39 | 1.26 | 0.90 | 0.91 | 0.56 | 0.87 | 0.74 | 0.69 | 0.71 | 0.43 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 30 |
Price to Tangible BV |
1.42 | 1.28 | 0.91 | 0.91 | 0.56 | 0.87 | 0.74 | 0.69 | 0.71 | 0.43 |
EV/Sales |
0.79 | 0.72 | 0.45 | 0.47 | 0.31 | 0.43 | 0.38 | 0.36 | 0.37 | 0.09 |
EV/EBITDA |
5.44 | 7.21 | 4.61 | 9.92 | 0.00 | 5.32 | 5.19 | 3.00 | 5.14 | 1.27 |
EV/Operating CF |
8.47 | 24.14 | 4.77 | 3.36 | (1.57) | 9.45 | 26.17 | 5.97 | 6.05 | (11.85) |
EV/FCF |
10.59 | 73.51 | 5.52 | 3.41 | (1.42) | 12.94 | 57.09 | 6.84 | 17.58 | 0.39 |
Quick Ratio |
2.11 | 2.20 | 3.03 | 2.22 | 1.04 | 0.96 | 0.97 | 1.42 | 1.41 | 1.69 |
Current Ratio |
6.47 | 6.51 | 7.41 | 4.29 | 3.95 | 4.13 | 5.33 | 5.74 | 5.11 | 5.16 |
Net Debt/EBITDA |
(0.79) | (1.30) | (1.88) | (2.99) | 6.00 | (1.47) | (1.37) | (1.35) | (2.48) | (3.10) |
Debt/Assets |
10.43% | 10.12% | 11.68% | 18.07% | 5.27% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.14 | 0.13 | 0.15 | 0.26 | 0.08 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
1.23 | 1.15 | 1.11 | 0.96 | 0.82 | 1.11 | 1.13 | 1.08 | 1.01 | 0.94 |
Operating CF/Net income |
1.21 | 0.99 | 1.77 | (5.50) | 2.56 | 2.74 | 0.94 | 1.20 | 5.50 | (0.06) |
Capex/Depreciation |
(0.90) | (0.88) | (0.51) | (0.03) | (0.24) | (0.23) | (0.14) | (0.12) | (0.63) | 2.82 |
Interest Coverage |
66.37 | 31.02 | 19.55 | (72.14) | (906.86) | 143.75 | (154.22) | — | — | — |
| 12.23% | 4.52% | 7.70% | (3.32%) | (9.02%) | 2.61% | 2.38% | 6.99% | 1.46% | 16.59% | |
| 9.47% | 3.45% | 5.88% | (2.43%) | (6.29%) | 1.82% | 1.73% | 5.36% | 1.12% | 11.27% | |
ROIC |
14.56% | 8.82% | 8.63% | (3.54%) | (8.65%) | 3.44% | 1.99% | 6.24% | 0.89% | (1.65%) |
Return on Tangible Assets |
10.54% | 4.00% | 6.64% | (3.58%) | (9.71%) | 2.71% | 2.48% | 7.13% | 1.56% | 17.84% |
Average Days of Receivables |
2.47 | 2.04 | 1.79 | 9.93 | 17.67 | 7.00 | 3.05 | 2.45 | 3.51 | 2.03 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.24% | 0.29% | 0.39% | 1.03% | 1.38% | 0.96% | 1.32% | 1.01% | 0.74% | 0.63% |
Graham Net Nets |
0.49 | 0.54 | 0.79 | 0.56 | 0.95 | 0.64 | 0.79 | 0.91 | 0.81 | 0.73 |
Graham Number |
9.47 | 6.04 | 8.49 | 0.00 | 0.00 | 4.44 | 4.71 | 8.27 | 3.57 | 13.19 |
Earnings Yield |
8.57% | 3.53% | 8.90% | (3.70%) | (16.88%) | 2.88% | 3.52% | 9.59% | 1.76% | 44.16% |
Free Cash Flow Yield |
8.25% | 1.15% | 12.86% | 20.13% | (47.56%) | 6.05% | 1.39% | 10.13% | 3.85% | 74.52% |
Revenue per Share |
8.91 | 8.92 | 9.06 | 8.35 | 7.07 | 9.49 | 9.61 | 9.14 | 8.76 | 9.27 |
Operating CF per Share |
0.83 | 0.27 | 0.85 | 1.17 | (1.38) | 0.43 | 0.14 | 0.54 | 0.54 | (0.07) |
Capex per Share |
(0.17) | (0.18) | (0.12) | (0.02) | (0.14) | (0.11) | (0.07) | (0.07) | (0.35) | 2.11 |
Free Cash Flow per Share |
0.66 | 0.09 | 0.73 | 1.15 | (1.52) | 0.31 | 0.06 | 0.47 | 0.18 | 2.04 |
Cash per Share |
1.81 | 1.96 | 2.62 | 2.79 | 1.14 | 1.17 | 0.95 | 1.46 | 1.56 | 1.95 |
Shareholders Equity per Share |
5.77 | 6.05 | 6.35 | 6.29 | 5.76 | 5.91 | 6.15 | 6.76 | 6.73 | 6.39 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.77 | 6.05 | 6.35 | 6.29 | 5.76 | 5.91 | 6.15 | 6.76 | 6.73 | 6.39 |
Free Cash Flow |
6.18 | 0.81 | 6.71 | 10.32 | (13.79) | 2.72 | 0.53 | 3.96 | 1.57 | 16.80 |
Working Capital |
45.07 | 46.39 | 51.74 | 40.28 | 38.09 | 38.24 | 38.38 | 42.32 | 40.65 | 40.78 |
Capital Expenditures |
(1.54) | (1.66) | (1.06) | (0.16) | (1.27) | (1.00) | (0.62) | (0.58) | (2.98) | 17.36 |
Net Current Asset Value |
36.35 | 37.84 | 41.32 | 28.82 | 27.51 | 28.87 | 30.14 | 35.46 | 32.77 | 16.54 |
EV/EBIT |
6.35 | 9.34 | 6.22 | 0.00 | 0.00 | 15.27 | 21.76 | 6.14 | 43.82 | 0.00 |
Capex to Sales |
0.02 | 0.02 | 0.01 | 0.00 | 0.02 | 0.01 | 0.01 | 0.01 | 0.04 | (0.23) |
Price to Operating Income |
7.27 | 11.02 | 8.75 | 0.00 | 0.00 | 19.50 | 27.41 | 8.87 | 64.76 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.11 | 0.12 | 0.14 | 0.48 | 0.43 | 0.37 | 0.40 | 0.44 | 0.38 | 0.60 |
Cash ROIC |
7.93% | 1.00% | 7.35% | 10.75% | (20.74%) | 4.37% | 0.89% | 5.78% | 2.22% | 24.47% |
Accounts Receivable Turnover |
148.85 | 161.26 | 191.40 | 61.25 | 24.93 | 35.26 | 71.16 | 128.77 | 121.26 | 133.90 |
Accounts Payable Turnover |
17.31 | 16.54 | 14.14 | 8.34 | 4.88 | 6.78 | 8.60 | 11.47 | 11.97 | 12.46 |
Inventory Turnover |
0.94 | 0.98 | 0.95 | 1.15 | 0.92 | 0.95 | 0.89 | 0.82 | 0.89 | 0.95 |
Average Days of Payables |
18.97 | 26.39 | 24.37 | 63.71 | 74.72 | 48.98 | 33.24 | 27.41 | 34.83 | 23.98 |
Days of Inventory on Hand |
388.00 | 378.26 | 376.77 | 266.25 | 479.00 | 389.79 | 412.34 | 446.39 | 398.26 | 370.04 |
Average Receivables |
0.56 | 0.51 | 0.43 | 1.22 | 2.57 | 2.34 | 1.13 | 0.59 | 0.61 | 0.57 |
Average Payables |
1.80 | 2.02 | 2.28 | 3.95 | 5.75 | 5.26 | 3.93 | 2.71 | 2.72 | 2.63 |
Average Inventory |
33.38 | 33.86 | 33.92 | 28.67 | 30.41 | 37.43 | 38.16 | 38.11 | 36.77 | 34.40 |
Average Assets |
67.63 | 71.76 | 74.83 | 78.45 | 77.90 | 74.39 | 70.83 | 70.36 | 73.53 | 80.78 |
Average Common Equity |
52.33 | 54.79 | 57.09 | 57.35 | 54.31 | 51.85 | 51.48 | 53.90 | 56.75 | 54.87 |
Columns are period end dates