WINA (Winmark Corporation) Stock Financials & Earnings

WINAWinmark Corporation

Mkt Cap$2B

Revenue (TTM)$86M

Net Income (TTM)$42M

EPS (TTM)$11.31

Free Cash Flow (TTM)$45M

Gross Margin96.4%

Op. Margin63.4%

Net Margin48.4%

FCF Margin51.9%

P/S Ratio (TTM)18.3x

P/E Ratio (TTM)37.8x

YoY Rev Growth+5.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$21M	$19M	$12M
Q2 23	$20M	$19M	$13M
Q3 23	$22M	$21M	$15M
Q4 23	$20M	$19M	$13M
Q1 24	$20M	$19M	$12M
Q2 24	$20M	$19M	$13M
Q3 24	$22M	$21M	$15M
Q4 24	$20M	$19M	$13M
Q1 25	$22M	$21M	$14M
Q2 25	$20M	$20M	$13M
Q3 25	$23M	$22M	$15M
Q4 25	$21M	$20M	$13M

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	—	—	$7M
Q2 23	—	—	$6M
Q3 23	—	—	$6M
Q4 23	$6M	$700K	—
Q1 24	—	—	$7M
Q2 24	—	—	$6M
Q3 24	—	—	$6M
Q4 24	—	—	$6M
Q1 25	—	—	$7M
Q2 25	$7M	—	—
Q3 25	—	—	$7M
Q4 25	—	—	$7M

Revenue Segments

Quarter	Franchise fees	Merchandise sales	Other	Royalties	Franchise	Product	Product and Service, Other	Royalty
Q1 24	$365K	$1M	$529K	$17M	—	—	—	—
Q2 24	$367K	$926K	$529K	$18M	—	—	—	—
Q3 24	—	—	—	—	$451K	$703K	$529K	$20M
Q2 25	—	—	—	—	$338K	$804K	$566K	$19M
Q3 25	—	—	—	—	$418K	$694K	$564K	$21M
Q4 25	—	—	—	—	$438K	$844K	$569K	$19M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$25M	$125K	$25M
Q2 23	$32M	$90K	$32M
Q3 23	$41M	$124K	$41M
Q4 23	$13M	$75K	$13M
Q1 24	$23M	$34K	$23M
Q2 24	$29M	$0	$29M
Q3 24	$37M	$0	$37M
Q4 24	$12M	$0	$12M
Q1 25	$22M	$0	$22M
Q2 25	$29M	$0	$29M
Q3 25	$40M	$0	$40M
Q4 25	$10M	$0	$10M

Shares Outstanding

Revenue Per Employee

Revenue / Employee