Saturday 17 October 2026 Export TLF’s income statement to Excel — free account

Tandy Leather Factory, Inc.

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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Market cap: $19.5M
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.16%

Capital & Financial Ratios $m

Market Cap 19.50

Revenue 77.21

Net Income (1.65)

Free Cash Flow (2.30)

Net Debt (6.44)

Current Ratio 4.55

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.25

P/B ratio 0.42

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth 20.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 3.28%

10-year low 10-year high

P/B against its own 10 years 4.57%

10-year low 10-year high

EV/Sales against its own 10 years 11.80%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

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%

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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.03	0.05	—	—	—
’25	1.47	(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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.32	7.00	5.38	3.91	2.60	3.15	3.45	3.75	3.92	2.56	Analyst estimates 2026–2028 Powerpack
	High	8.25	9.05	8.40	6.95	5.82	5.30	8.66	4.74	5.30	5.48
People
People	Employees	614	656	684	578	496	593	605	515	542	538
	Revenue/emp, $m	0.14	0.13	0.12	0.13	0.13	0.14	0.13	0.15	0.14	0.14
Income, $m
Income, $m	Revenue	83	82	83	75	64	83	80	76	74	76
	Gross margin, %	62.36	59.56	61.22	56.01	56.27	56.86	57.88	59.25	56.19	57.04
	EBT	10	6	6	(3)	(6)	2	1	5	1	12
	EBT margin, %	12.30	7.69	7.47	(3.46)	(9.80)	2.65	1.75	5.96	1.47	16.12
	Net income	6	2	4	(2)	(5)	1	1	4	1	9
	Depreciation	2	2	2	6	5	4	4	5	5	6
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
	Earnings	0.69	0.27	0.48	(0.21)	(0.54)	0.16	0.15	0.45	0.10	1.11
	Cash flow	0.83	0.27	0.85	1.17	(1.38)	0.43	0.14	0.54	0.54	(0.07)
	Capex	(0.17)	(0.18)	(0.12)	(0.02)	(0.14)	(0.11)	(0.07)	(0.07)	(0.35)	2.11
	Free cash flow	0.66	0.09	0.73	1.15	(1.52)	0.31	0.06	0.47	0.18	2.04
	Book value	5.77	6.05	6.35	6.29	5.76	5.91	6.15	6.76	6.73	6.39
	Shares, m	9	9	9	9	9	9	8	8	8	8
Valuation, ×
Valuation, ×	P/E	11.67	28.33	11.24	0.00	0.00	34.75	28.44	10.42	56.82	2.26
	P/S	0.90	0.85	0.63	0.68	0.45	0.54	0.47	0.51	0.55	0.30
	P/B	1.39	1.26	0.90	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/FCF	10.59	73.51	5.52	3.41	(1.42)	12.94	57.09	6.84	17.58	0.39
Cash, $m
Cash, $m	Operating cash flow	8	2	8	10	(13)	4	1	5	5	(1)
	Capex	(2)	(2)	(1)	0	(1)	(1)	(1)	(1)	(3)	17
	Free cash flow	6	1	7	10	(14)	3	1	4	2	17
Balance, $m
Balance, $m	Working capital	45	46	52	40	38	38	38	42	41	41
	Total debt	7	7	9	14	4	0	0	0	—	—
	Net debt	(9)	(11)	(15)	(11)	(6)	(10)	(8)	(12)	(13)	(16)
	Shareholders’ equity	54	56	58	56	52	52	51	56	57	53
Returns, %
Returns, %	ROA	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)
	ROE	12.23	4.52	7.70	(3.32)	(9.02)	2.61	2.38	6.99	1.46	16.59

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PTLE PTL Limited	$56.9M	—	—	—	—	—	—	—	Compare
ZOOZ ZOOZ Strategy Ltd.	$50.4M	55.5×	—	—	−300.00% (below 0%: shrinking)	+53.24% (above 0%: growing)	—	—	Compare
NPT Texxon Holding Limited	$45.0M	—	—	—	—	−188.72% (below 0%: shrinking)	—	—	Compare
SPWH Sportsman's Warehouse Holdings, Inc.	$42.7M	— (loss-making)	— (loss-making)	+0.57% (above 0%: growing)	n/m	+54.22% (above 0%: growing)	32.48%	(0.38%)	Compare
JBDI JBDI Holdings Limited	$20.1M	—	—	—	—	+82.28% (above 0%: growing)	—	—	Compare
TLF Tandy Leather Factory, Inc.	$19.5M	— (loss-making)	—	+1.52% (above 0%: growing)	n/m	−120.94% (below 0%: shrinking)	64.81%	3.01%
RECT Rectitude Holdings Ltd.	$18.8M	—	—	—	—	−160.94% (below 0%: shrinking)	—	—	Compare
TCSGQ Container Store (The)	$9.2M	— (loss-making)	— (loss-making)	−10.54% (below 0%: shrinking)	n/m	−41.74% (below 0%: shrinking)	55.47%	(7.36%)	Compare
TKLF Tokyo Lifestyle Co., Ltd.	$6.6M	5.6×	—	+32.52% (above 0%: growing)	−83.33% (below 0%: shrinking)	−188.65% (below 0%: shrinking)	17.85%	0.00%	Compare
Median of peers	$31.4M	—	—	+0.57%	—	−41.74%	32.48%	(0.38%)

All 49 Specialty Retail stocks →