Winmark Corporation logo WINA - Winmark Corporation

Price: -- -- | PRICE TARGET: $445.00 DETAILS
HIGH: $445.00
LOW: $445.00
MEDIAN: $445.00
CONSENSUS: $445.00
UPSIDE: 21.96%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 86.1 81.3 83.2 81.4 78.2 66.1 73.3 72.5 69.7 66.6 69.4 61.2 55.7 51.9 51.3 41.2 37.3 35.4 31.2 27.4 26.6 27.2 31.2 33.4 36.1 47.5 66.6 96.4 88.8 91.5 100.2 83.6 51.8
Cost of Revenue 3.1 3.4 4.9 4.7 4.8 4.7 4.5 4.7 5.7 4.4 8.4 4.3 3.8 4.4 2.4 3.9 4.6 3.1 4.9 4.5 5.5 7.2 10.7 12.4 15.9 23.1 37.1 58.2 54.7 62.1 74.4 64.2 40.9
Gross Profit 83.0 77.9 78.4 76.7 73.4 61.3 68.8 67.8 64.0 62.2 61.0 56.9 51.9 47.5 49.0 37.3 32.7 32.3 26.3 22.9 21.1 20.0 20.6 21.1 20.2 24.5 29.5 38.2 34.1 29.4 25.8 19.4 10.9
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 28.4 24.9 25.1 23.2 22.3 21.2 25.7 26.0 25.3 23.8 24.1 23.8 22.2 20.3 24.2 18.6 19.1 24.2 19.9 17.5 16.6 13.3 14.2 14.7 15.4 18.7 28.3 29.1 25 23.6 21 15.9 9.3
Other Expenses 0 (0.0) (0.0) (0.1) (0.2) (0.1) (0.1) (0.0) 0.0 0.0 (0.1) 0.1 (0.0) (0.0) (0.0) 0.2 2.8 0 0 0 0 0 0 5.7 (1.1) 2.2 2.3 2.1 1.9 1.8 1.8 1.3 0.8
Operating Expenses 28.4 24.9 25.1 23.1 22.1 21.1 25.7 26.1 25.3 23.9 23.9 23.9 22.2 20.2 24.1 18.8 21.9 24.2 19.9 17.5 16.6 13.3 14.2 20.4 14.3 20.9 30.6 31.2 26.9 25.4 22.8 17.2 10.1
Operating Income
Operating Income 54.6 52.9 53.3 53.6 51.3 40.2 43.1 41.8 38.8 38.3 37.1 33.1 29.8 27.3 24.8 18.5 10.8 8.1 6.4 5.4 4.5 6.6 6.4 0.6 6.0 3.6 (1.1) 7 7.2 4 3 2.2 0.8
Interest Expense 2.4 2.9 3.1 2.9 1.5 1.7 1.7 2.5 2.4 2.4 1.9 0.5 0.2 0.4 0.1 1.0 1.3 1.3 1.5 0.7 0 0 0 0.3 1.0 1.2 0 0.7 0 0.1 0 0.1 0.3
Interest Income 0 1.2 1.2 0.1 0 0.0 0.1 0 0 0 0 0 0 0.1 0.0 0.3 0.5 0.2 0.5 0.9 0.3 0.3 0.2 0.3 0.3 0.3 0 0 0 0 0 0 0
Profitability
EBITDA 56.7 55.2 55.5 54.6 52.0 41.1 43.9 42.1 39.2 38.6 37.5 33.5 30.2 24.0 24.0 19.0 11.7 5.5 6.7 5.6 4.7 6.7 6.6 1.2 6.9 5.8 1.2 9.1 9.1 5.8 4.8 3.5 1.6
EBIT 55.6 54.1 54.5 53.6 51.3 40.2 43.1 41.8 38.8 38.2 37.1 33.1 29.8 23.5 23.5 18.5 11.1 5.2 6.4 5.4 4.5 6.6 6.4 6.3 6.0 3.6 (1.1) 7 7.2 4 3 2.2 0.8
Income Before Tax 53.1 51.2 51.4 50.8 49.9 38.5 41.5 39.3 36.4 35.9 35.2 32.6 29.6 23.2 23.4 17.6 9.8 3.8 5.1 5.8 3.7 6.9 6.5 6.4 5.3 (0.2) (13.8) 11.9 5.3 4.3 3.3 2.3 0.6
Income Tax Expense 11.5 11.3 11.2 11.4 9.9 8.7 9.3 9.2 11.9 13.7 13.4 12.5 11.4 10.2 9.3 7.2 4.0 2.7 2.1 2.3 1.6 2.8 2.5 2.5 2.1 0.2 (5.2) 4.7 2.1 1.7 1.3 0.9 0.3
Net Income 41.7 40.0 40.2 39.4 39.9 29.8 32.1 30.1 24.6 22.2 21.8 20.1 18.2 12.9 14.1 10.3 5.8 1.1 3.0 3.4 2.1 4.1 4.0 3.8 3.2 (0.4) (8.6) 7.2 3.2 2.6 2 1.4 0.3
Per Share Data
EPS (Basic) 11.73 11.36 11.55 11.30 10.87 8.02 8.37 7.26 6.06 5.39 4.89 3.96 3.60 2.57 2.83 2.05 1.10 0.21 0.56 0.58 0.35 0.68 0.71 0.69 0.59 -0.07 -1.65 1.28 0.53 0.40 0.28 0.19 0.06
EPS (Diluted) 11.30 10.89 11.04 10.97 10.48 7.72 7.84 7.26 5.66 5.13 4.69 3.85 3.48 2.47 2.69 1.98 1.10 0.21 0.54 0.56 0.29 0.50 0.57 0.63 0.55 -0.07 -1.65 1.24 0.52 0.40 0.28 0.19 0.06
Shares Outstanding 3.5 3.5 3.5 3.5 3.7 3.7 3.8 4.1 4.1 4.1 4.5 5.1 5.1 5.0 5.0 5.0 5.3 5.5 5.5 5.8 6.0 5.8 5.7 5.6 5.4 5.4 5.2 5.7 6.0 6.5 7.1 7.4 5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 10.5 12.2 13.4 13.6 11.4 6.7 25.1 2.5 1.1 1.3 9.5 2.1 6.0 4.2 4.7 1.1 2.0 0 2.4 3.1 1.4 0.1 1.1 4.9
Short-Term Investments 0 0 0.1 0.3 2.9 0 0 18.5 15.3 17.2 20.8 18.3 1.4 2.3 1.9 2.9 0 0 0 0 0 0 0 0
Net Receivables 1.9 1.4 1.5 2.0 1.8 10.5 15.0 20.7 19.3 20.2 1.8 2.9 2.4 2.3 2.6 3.2 6.2 11.2 13.9 12.9 13.2 16.4 16.7 11.1
Inventory 0.4 0.4 0.4 0.8 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.4 0.5 0.7 1.1 1.4 2 10.1 5.7 2.7 4.3 3 2.1
Other Current Assets 0 0.1 0.0 0.1 0.0 0.0 0.1 0.8 2.5 1.9 0 0.2 0.5 0.6 1.1 1.6 2.3 8.8 4.2 3.5 2.6 2.8 9.2 9.4
Total Current Assets 14.1 15.4 16.7 18.1 17.4 18.3 41.2 24.3 21.4 22.8 32.6 24.7 11.0 10.3 11.7 10.6 12.2 22 30.6 25.2 19.9 23.6 30 27.5
Non-Current Assets
Property, Plant & Equipment 3.0 3.5 4.1 4.4 5.0 5.6 6.4 0.9 0.5 0.8 1.8 0.5 0.3 0.2 0.3 0.7 1.5 4.4 6 5.6 6 6.9 5.4 1.9
Goodwill 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 2.3 2.6 3.0 3.3 0 0 0 0 0 0 0 0 0.7 0.6 0.5 0.5 0.5 1.8 4.8 6.8 1.1 1.1 1 2.2
Long-Term Investments 0 0 0 0.0 0.2 4.6 12.5 20.5 25.9 24.4 21.7 3,833.3 0 0 (1,139.8) 0.8 0 0 0 0 0 0 0 0
Other Non-Current Assets 0.5 0.5 0.5 0.4 0.4 0.4 0.5 (1,147.8) (1,956.5) (3,331.9) 0.7 32.6 12.7 7.8 3.6 0.5 0.5 1.4 1.7 0.2 2.2 2.4 3.2 0.2
Total Non-Current Assets 10.8 11.5 12.2 12.4 9.5 13.1 20.6 22.4 27.0 25.8 24.2 33.4 13.8 8.9 4.5 1.7 2.5 7.6 12.5 12.6 9.3 10.4 9.6 4.3
Total Assets 24.9 26.8 29.0 30.5 26.9 31.3 61.8 46.7 48.4 48.6 56.8 58.1 24.8 19.2 16.2 12.3 14.7 29.6 43.1 37.8 29.2 34 39.6 31.8
Current Liabilities
Account Payables 1.7 1.6 1.7 2.1 2.1 1.8 1.0 1.4 2.1 1.7 1.4 1.1 1.1 1.5 1.6 1.8 2.9 5.4 11.3 6.6 5.7 7.1 9.8 6.1
Short-Term Debt 0 0 4.2 4.2 4.2 5.3 6.8 6.3 3.8 2.0 9.2 12.4 0 0 0 0.0 0.8 9.3 14.5 2.1 0.1 0.1 0.2 0.3
Deferred Revenue 1.7 1.7 0 1.6 1.6 1.7 1.7 1.7 1.7 1.9 1.5 1.0 0.6 0.6 0.6 0.5 0 0 0 0 0 0 0 0
Other Current Liabilities 2.3 0.6 2.3 0 0 0 (1.6) (1.3) 1.4 2.1 5.0 0 0 0 0 0 0.8 4.5 3.7 7.3 5.6 5.4 7.5 4.1
Total Current Liabilities 5.7 5.1 10.5 10.6 10.0 11.4 11.9 12.5 9.5 7.4 20.1 18.5 3.0 3.6 4.2 5.2 6.8 19.2 29.5 16 11.4 12.6 17.5 10.5
Non-Current Liabilities
Long-Term Debt 62.4 59.9 64.8 69.1 43.4 17.6 21.9 28.3 65.4 43.3 17.4 22.1 0 0 0 0.2 4.0 7.5 3.5 4.3 0.1 0.3 0.4 1.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 1.1 2.0 3.3 0.2 (631.4) 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities (0.2) 1.7 1.4 1.2 1.0 0.8 1.9 1.1 4.3 1.0 1.3 0 0.2 0.1 0.1 0.3 0.5 0 (0.1) 0 0 (0.1) 0 0.1
Total Non-Current Liabilities 72.9 72.8 77.7 81.5 56.0 31.3 37.5 39.0 69.6 49.1 21.4 25.7 0.2 0.1 0.1 0.4 4.4 7.5 3.4 4.3 0.1 0.2 0.4 1.5
Total Liabilities 78.6 77.9 88.1 92.1 66.0 42.7 49.4 51.5 79.1 56.4 41.5 44.2 3.2 3.8 4.3 5.7 11.3 26.7 32.9 20.3 11.5 12.8 17.9 12
Stockholders' Equity
Common Stock 19.6 14.8 7.8 1.8 0 9.3 11.9 4.4 1.5 3.0 0 427.5 5.2 3.0 3.7 1.4 1.4 1.3 0 7.5 10.9 0 0 0
Retained Earnings (73.3) (65.8) (66.9) (63.4) (39.1) (20.7) 0.5 (9.2) (32.2) (10.8) 15.3 13.5 16.3 12.3 8.3 4.4 1.2 1.6 10.2 10 6.7 4.2 2.1 0.8
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 (4.1) 0 (0.0) 0.0 (0.0) 0.0 0.1 (0.1) 0.8 0.8 0 0 (4.1) (2.9) (1.8) (0.9) (0.3)
Total Stockholders' Equity (53.7) (51.0) (59.2) (61.6) (39.1) (11.4) 12.4 (4.8) (30.7) (7.9) 15.3 13.9 21.6 15.4 11.9 6.6 3.5 2.9 10.2 17.5 17.7 21.2 21.7 19.8
Total Liabilities & Equity 24.9 26.8 29.0 30.5 26.9 31.3 61.8 46.7 48.4 48.6 56.8 58.1 24.8 19.2 16.2 12.3 14.7 29.6 43.1 37.8 29.2 34 39.6 31.8
Debt Metrics
Total Debt 64.8 63.0 72.8 77.6 52.4 28.8 35.0 34.6 69.2 45.3 28.0 34.4 0 0 0 0.2 4.8 16.8 18 6.4 0.2 0.4 0.6 1.7
Net Debt 54.3 50.8 59.4 64.0 41.0 22.2 9.8 32.1 68.1 44.1 18.5 32.3 (6.0) (4.2) (4.7) (0.9) 2.8 16.8 15.6 3.3 (1.2) 0.3 (0.5) (3.2)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 41.7 40.0 40.2 39.4 39.9 29.8 32.1 30.1 24.6 22.2 2.1 4.1 4.0 3.8 3.2 (0.4) (8.6) 7.2 3.2 2.6 2 1.4 0.3
Depreciation & Amortization 0.7 0.8 1.1 0.9 0.7 0.9 0.7 0.3 0.4 0.4 0.2 0.1 0.2 0.5 1.0 2.2 2.3 2.1 1.9 1.8 1.8 1.3 0.8
Stock-Based Compensation 2.3 2.0 2.0 1.7 1.4 1.3 1.7 2.0 2.0 1.8 1,050.6 0 196 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1.6) (2.0) 0.2 1.3 5.4 (3.3) (3.1) 1.6 (1.2) 2.2 0.6 (0.3) 0.3 0.5 2.3 8.7 (1.1) (5.9) 0.6 3.5 (5.3) 0.3 (2.5)
Other Non-Cash Items 2.0 1.6 1.1 0.8 2.3 15.7 21.0 0.1 0.9 0.0 (585.1) 0.6 0.3 0.1 0.3 (0.2) 1.5 0 0.2 (0.1) (0.1) 0.4 0.2
Operating Cash Flow 44.9 42.2 44.0 43.8 48.3 43.2 50.6 34.9 25.2 25.7 5.1 4.7 5.1 5.4 7.4 10.1 1.4 3.2 6.1 7.5 (2) 2.6 (1.4)
Investing Activities
Capital Expenditure (0.2) (0.2) (0.4) (3.7) (0.3) (4.2) (9.2) (23.8) (25.5) (26.3) (6.6) (0.2) (0.1) (0.1) (0.0) (0.7) (2.8) (2.3) (0.4) (0.3) (2.3) (4) (1.3)
Acquisitions 0 0 0 0.0 0 0 0 0 0 0 0.1 0.0 101.5 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 (1.8) (3.5) (4.3) (4.6) (2.9) 0 0 0 0 0 (0.2) (0.5) (8)
Sales/Maturities of Investments 0 0 0 0 0 0 0 215.8 0.2 0.1 1.9 1.1 (101.5) 0 0 0 0 0 0 0.4 6.3 1.2 0
Other Investing Activities 0 0 0 0 0 0 0 (191.5) 25.3 23.0 0.8 (1.7) (0.1) (0.1) 0 3.7 (0.4) 1.4 (6.6) 0 0 (2.3) (1)
Investing Cash Flow (0.2) (0.2) (0.4) (3.7) (0.3) (4.2) (9.2) 0.5 0.1 (3.2) (5.6) (4.4) (4.4) (4.8) (3.0) 3.0 (3.2) (0.9) (7) 0.1 3.8 (5.6) (10.3)
Financing Activities
Net Debt Issuance 0 (9.2) (4.2) 25.8 25.8 (2.6) (2.3) (32.8) 23.9 (21) 0 0 0 (0.2) (5.4) (12.0) (1.2) 11.6 6.1 (0.2) (0.2) (1.1) (1.5)
Stock Repurchased (2.4) 0 0 (49.1) (44.2) (49.0) (24.0) (1.8) (49.9) (1.6) (4.0) (0.0) (1.9) 0 (0.1) 0 0 (16.5) (4.2) (6.3) (2.9) 0 0
Dividends Paid (49.1) (38.9) (43.7) (19.3) (33.2) (14.2) (3.4) (2.2) (1.8) (1.5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 4.8 8.3 8.3 10.9 2.8 2.3 1.9 0.3 0 0 0 0 0 0.1 0 0 0.1 (0.1) 0 (0.1)
Financing Cash Flow (46.6) (43.0) (43.9) (37.9) (43.3) (57.6) (18.9) (34.0) (25.4) (22.2) (2.6) 1.5 (1.3) 1.0 (5.4) (11.1) (0.6) (2.9) 2.6 (6.3) (2.9) (0.8) 16.2
Cash Position
Net Change in Cash (1.9) (1.1) (0.3) 2.2 4.8 (18.5) 22.6 1.4 (0.2) 0.2 (3.0) 1.8 (0.6) 1.6 (1.0) (11.1) (0.6) (2.9) 2.6 (6.3) (2.9) (0.8) 16.2
Cash at Beginning 12.3 13.4 13.7 11.4 6.7 25.2 2.6 1.2 1.3 1.0 6.0 4.2 4.7 3.1 2.0 13.1 2.4 3.1 1.4 0.1 1.1 4.9 0.4
Cash at End 10.5 12.3 13.4 13.7 11.4 6.7 25.2 2.6 1.1 1.3 2.9 6.0 4.2 4.7 1.1 2.0 1.8 0.2 4 (6.2) (1.8) 4.1 16.6
Free Cash Flow 44.7 42.0 43.6 40.1 48.1 39.1 41.5 11.1 (0.3) (0.6) (1.4) 4.5 5.0 5.3 7.4 9.4 (1.4) 0.9 5.7 7.2 (4.3) (1.4) (2.7)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 86.1 81.3 83.2 81.4 78.2 66.1 73.3 72.5 69.7 66.6 69.4 61.2 55.7 51.9 51.3 41.2 37.3 35.4 31.2 27.4 26.6 27.2 31.2 33.4 36.1 47.5 66.6 96.4 88.8 91.5 100.2 83.6 51.8
Gross Profit 83.0 77.9 78.4 76.7 73.4 61.3 68.8 67.8 64.0 62.2 61.0 56.9 51.9 47.5 49.0 37.3 32.7 32.3 26.3 22.9 21.1 20.0 20.6 21.1 20.2 24.5 29.5 38.2 34.1 29.4 25.8 19.4 10.9
Operating Income 54.6 52.9 53.3 53.6 51.3 40.2 43.1 41.8 38.8 38.3 37.1 33.1 29.8 27.3 24.8 18.5 10.8 8.1 6.4 5.4 4.5 6.6 6.4 0.6 6.0 3.6 (1.1) 7 7.2 4 3 2.2 0.8
Net Income 41.7 40.0 40.2 39.4 39.9 29.8 32.1 30.1 24.6 22.2 21.8 20.1 18.2 12.9 14.1 10.3 5.8 1.1 3.0 3.4 2.1 4.1 4.0 3.8 3.2 (0.4) (8.6) 7.2 3.2 2.6 2 1.4 0.3
EPS (Diluted) 11.30 10.89 11.04 10.97 10.48 7.72 7.84 7.26 5.66 5.13 4.69 3.85 3.48 2.47 2.69 1.98 1.10 0.21 0.54 0.56 0.29 0.50 0.57 0.63 0.55 -0.07 -1.65 1.24 0.52 0.40 0.28 0.19 0.06
Balance Sheet
Cash & Equivalents 10.5 12.2 13.4 13.6 11.4 6.7 25.1 2.5 1.1 1.3 9.5 2.1 6.0 4.2 4.7 1.1 2.0 0 2.4 3.1 1.4 0.1 1.1 4.9
Total Assets 24.9 26.8 29.0 30.5 26.9 31.3 61.8 46.7 48.4 48.6 56.8 58.1 24.8 19.2 16.2 12.3 14.7 29.6 43.1 37.8 29.2 34 39.6 31.8
Total Debt 64.8 63.0 72.8 77.6 52.4 28.8 35.0 34.6 69.2 45.3 28.0 34.4 0 0 0 0.2 4.8 16.8 18 6.4 0.2 0.4 0.6 1.7
Stockholders' Equity (53.7) (51.0) (59.2) (61.6) (39.1) (11.4) 12.4 (4.8) (30.7) (7.9) 15.3 13.9 21.6 15.4 11.9 6.6 3.5 2.9 10.2 17.5 17.7 21.2 21.7 19.8
Cash Flow
Operating Cash Flow 44.9 42.2 44.0 43.8 48.3 43.2 50.6 34.9 25.2 25.7 5.1 4.7 5.1 5.4 7.4 10.1 1.4 3.2 6.1 7.5 (2) 2.6 (1.4)
Capital Expenditure (0.2) (0.2) (0.4) (3.7) (0.3) (4.2) (9.2) (23.8) (25.5) (26.3) (6.6) (0.2) (0.1) (0.1) (0.0) (0.7) (2.8) (2.3) (0.4) (0.3) (2.3) (4) (1.3)
Free Cash Flow 44.7 42.0 43.6 40.1 48.1 39.1 41.5 11.1 (0.3) (0.6) (1.4) 4.5 5.0 5.3 7.4 9.4 (1.4) 0.9 5.7 7.2 (4.3) (1.4) (2.7)