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

Winmark Corporation

Winmark Corporation’s revenue for fiscal 2025 (year ended December 2025) was $86.1 million, up 5.86% from fiscal 2024. In the quarter to September 2026, revenue grew 23.2%, EPS grew 5.22%, free cash flow fell 5.68% and total debt was flat, each against the same quarter a year earlier.

315.66 1.40 +0.45%

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Market cap: $1.1B
P/E: 27.3×
Fwd P/E: 31.8×
Dividend yield: 0.95%
F-score: 6/9
Altman Z: 17.96
Beneish M: −2.82
Dividend safety: 26/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.63

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	2	—	—	—	—	—	—	—

Insider Ownership 16.95%

Capital & Financial Ratios $m

Market Cap 1,130.00

Revenue 91.79

Net Income 41.43

Free Cash Flow 41.50

Net Debt 31.86

Current Ratio 3.20

Debt/Equity (1.60)

P/E ratio 27.27

Fwd P/E 31.80

P/S ratio 12.34

P/B ratio 0.00

Past 5Y EPS Growth 7.92%

This Y EPS Growth (1.68%)

Next Y EPS Growth 0.14%

Next Y revenue growth 3.39%

Next 5Y EPS Growth 7.45%

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 68.04%

10-year low 10-year high

P/S against its own 10 years 66.27%

10-year low 10-year high

EV/Sales against its own 10 years 66.13%

10-year low 10-year high

EV/FCF against its own 10 years 44.17%

10-year low 10-year high

Dividends

Payout Ratio 0.27

Annual Dividend Rate 3.00

Annual Dividend Yield 0.95%

	total	individual payouts
2027	Powerpack
2026	3.84	0.96 1.02 1.02
2025	3.84	0.90 0.96 0.96 10.00
2024	3.50	0.80 0.90 0.90 0.90
2023	2.30	0.70 0.80 0.80 9.40
2022	2.55	0.45 0.70 0.70 0.70
2021	1.60	0.25 0.45 0.45 0.45
2020	0.55	0.25 0.05 0.25 3.00
2019	0.90	0.15 0.25 0.25 0.25
2018	0.56	0.11 0.15 0.15 0.15
2017	0.43	0.10 0.11 0.11 0.11
2016	0.37	0.07 0.10 0.10 0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	13	12	10	28
Receivables	2	1	2	2
Inventory	0	0	0	1
Other	—	—	—	—
	17	15	14	33

	2023	2024	2025	Q'26
Payables	2	2	2	2
ST’ Debt	—	—	—	—
Other	—	—	—	—
	10	5	6	10

Compound Annual Growth %

	10y	5y	3y
Sales	2.17%	5.43%	1.87%
Cash Flow	7.24%	0.76%	0.84%
Earnings	6.69%	6.91%	1.85%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	21	22	28	—	—
’25	22	20	23	21	86
’24	20	20	22	20	81
’23	21	20	22	20	83
’22	20	19	21	21	81
’21	19	19	20	20	78
’20	19	12	18	17	66

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	12	11	13	—	—
’25	15	9	12	9	45
’24	13	8	12	8	42
’23	14	9	12	9	44
’22	13	9	12	10	44
’21	14	10	12	13	48
’20	14	9	9	11	43

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	12	8	13	—	—
’25	15	9	12	9	45
’24	13	8	12	8	42
’23	14	9	12	9	44
’22	13	5	12	10	40
’21	13	10	12	13	48
’20	13	8	8	10	39

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.50	2.81	3.21	—	—
’25	2.71	2.89	3.02	2.69	11.30
’24	2.41	2.85	3.03	2.60	10.89
’23	2.49	2.85	3.05	2.64	11.04
’22	2.65	2.54	2.93	2.86	10.97
’21	2.40	2.33	2.67	3.09	10.48
’20	1.87	1.33	2.43	2.09	7.72

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	88.00	109.90	123.65	152.70	115.00	165.82	183.94	233.21	330.25	295.79	Analyst estimates 2026–2028 Powerpack
	High	133.07	139.05	187.10	199.50	215.00	277.99	255.03	451.30	431.67	527.37
People
People	Employees	103	107	107	98	90	85	83	83	89	87
	Revenue/emp, $m	0.65	0.65	0.68	0.75	0.73	0.92	0.98	1.00	0.91	0.99
Income, $m
Income, $m	Revenue	67	70	73	73	66	78	81	83	81	86
	Gross margin, %	96.84	96.51	96.22	96.63	96.82	96.24	95.44	94.64	95.84	96.39
	EBT	36	36	39	41	39	50	51	51	51	53
	EBT margin, %	53.90	52.25	54.18	56.57	58.31	63.76	62.38	61.70	63.01	61.75
	Net income	22	25	30	32	30	40	39	40	40	42
	Depreciation	1	1	1	1	1	0	1	1	1	1
Per share, $
Per share, $	Revenue	16.13	17.20	18.71	19.09	17.76	21.30	23.34	23.92	23.12	24.24
	Earnings	5.39	6.06	7.77	8.37	8.02	10.87	11.30	11.55	11.36	11.73
	Cash flow	6.37	6.21	9.02	13.19	11.62	13.17	12.56	12.64	11.99	12.65
	Capex	(6.37)	(6.28)	(6.14)	(2.39)	(1.12)	(0.08)	(1.05)	(0.11)	(0.06)	(0.05)
	Free cash flow	0.00	(0.07)	2.87	10.80	10.50	13.09	11.50	12.53	11.93	12.59
	Book value	(1.90)	(8.81)	(1.24)	3.24	(3.06)	(10.64)	(17.67)	(17.00)	(14.52)	(15.12)
	Shares, m	4	4	4	4	4	4	3	3	4	4
Valuation, ×
Valuation, ×	P/E	23.14	21.72	20.46	23.69	23.20	22.82	21.01	35.35	34.60	34.52
	P/S	7.73	7.69	8.50	10.39	10.46	11.66	10.18	17.05	17.00	16.70
	P/B	0.00	0.00	0.00	61.18	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	8.19	8.46	8.64	10.25	10.58	12.10	10.93	17.74	17.66	17.34
	EV/FCF	(181,518.18)	(2,200.50)	56.22	18.11	17.89	19.69	20.37	33.86	34.20	33.39
Cash, $m
Cash, $m	Operating cash flow	26	25	35	51	43	48	44	44	42	45
	Capex	(26)	(25)	(24)	(9)	(4)	0	(4)	0	0	0
	Free cash flow	0	0	11	41	39	48	40	44	42	45
Balance, $m
Balance, $m	Working capital	15	12	12	29	7	7	8	6	10	8
	Total debt	43	64	26	22	18	43	69	65	60	60
	Net debt	25	48	4	(16)	2	29	55	51	48	50
	Shareholders’ equity	(8)	(36)	(5)	12	(11)	(39)	(62)	(59)	(51)	(54)
Returns, %
Returns, %	ROA	46.15	50.46	63.09	59.26	64.01	137.08	137.48	135.23	143.17	161.05
	ROIC	140.67	201.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	(114.98)	(112.84)	(148.69)	841.63	5,576.53	(158.22)	(78.29)	(66.53)	(72.51)	(79.55)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 16 Oct 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
RH RH	$2.2B	19.1×	27.9×	+2.56% (above 0%: growing)	+15.22% (above 0%: growing)	+23.83% (above 0%: growing)	48.24%	11.67%	Compare
SBH Sally Beauty Holdings, Inc.	$1.6B	8.4×	5.9×	+0.23% (above 0%: growing)	+23.91% (above 0%: growing)	+25.44% (above 0%: growing)	52.41%	9.24%	Compare
SVV Savers Value Village, Inc.	$1.6B	62.9×	21.8×	+7.43% (above 0%: growing)	+16.67% (above 0%: growing)	+104.50% (above 0%: growing)	56.87%	9.43%	Compare
ARHS Arhaus, Inc.	$1.4B	20.0×	13.3×	+7.38% (above 0%: growing)	+12.00% (above 0%: growing)	+130.85% (above 0%: growing)	44.71%	14.10%	Compare
EYE National Vision Holdings, Inc.	$1.4B	27.7×	22.2×	+2.55% (above 0%: growing)	+45.45% (above 0%: growing)	−133.21% (below 0%: shrinking)	58.23%	4.27%	Compare
HZO MarineMax, Inc.	$1.2B	291×	77.1×	−6.98% (below 0%: shrinking)	n/m	+0.54% (above 0%: growing)	35.68%	6.09%	Compare
WINA Winmark Corporation	$1.1B	27.3×	31.8×	+23.23% (above 0%: growing)	+5.22% (above 0%: growing)	−5.68% (below 0%: shrinking)	82.89%	56.60%
WOOF Petco Health and Wellness Company, Inc.	$683.1M	21.2×	32.0×	+0.05% (above 0%: growing)	+180.00% (above 0%: growing)	+136.50% (above 0%: growing)	39.70%	3.21%	Compare
BWMX Betterware de Mexico SAPI de C	$644.0M	8.8×	7.7×	+30.92% (above 0%: growing)	+28.89% (above 0%: growing)	−11.82% (below 0%: shrinking)	65.49%	16.37%	Compare
Median of peers	$1.4B	20.6×	22.0×	+2.56%	+23.91%	+24.64%	50.33%	9.33%

All 49 Specialty Retail stocks →

Winmark Corporation (WINA) key facts

Strength: Winmark Corporation’s revenue for fiscal 2025 (year ended December 2025) was $86.1 million, up 5.86% from fiscal 2024.
Strength: Net income was $41.7 million, or $11.73 per share (basic), a net margin of 48.4%.
Winmark Corporation (WINA) is a Specialty Retail company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, WINA traded at $315.66, a market capitalization of $1.1 billion.
At that price the stock trades at 27.3× trailing-twelve-month earnings and 12.3× sales; its P/E is higher than 68% of its own readings over the past ten years.
Winmark Corporation pays an annual dividend of $3.00 per share, a yield of 0.95%, with a payout ratio of 26.8%.
Return on equity was −79.6% and debt-to-equity -1.60.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 17.96 (safe zone) for fiscal 2025.