Growth & profitability
- Revenue has grown 3.6% per year over the past 5 years.
- Operating margin has expanded, at -1.3% in the latest year.
Shareholder returns
- Dividends have been paid for 1 consecutive year, consuming 140.0% of earnings.
TLF Financials TANDY LEATHER FACTORY INC
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $76M | $9M | 57.0% | -1.3% | -$8M | — | $16M |
| 2024 | $74M | $827000 | 56.2% | 0.8% | $2M | — | $13M |
| 2023 | $76M | $4M | 59.2% | 5.8% | $4M | — | $12M |
| 2022 | $80M | $1M | 57.9% | 1.7% | $519000 | $0 | $8M |
| 2021 | $83M | $1M | 56.9% | 2.8% | $3M | $415000 | $10M |
| 2020 | $64M | -$5M | 56.3% | -9.9% | -$14M | $446000 | $10M |
| 2019 | $75M | -$2M | 56.0% | -3.5% | $10M | $0 | $16M |
| 2018 | $83M | $4M | 61.2% | 7.2% | $7M | $9M | $24M |
| 2017 | $82M | $2M | 59.6% | 7.7% | $773776 | $7M | $18M |
| 2016 | — | $6M | — | — | $6M | $7M | $17M |
| 2015 | — | $6M | — | — | $6M | $4M | $11M |
| 2014 | — | $8M | — | — | -$1M | $6M | $11M |
| 2013 | — | $7M | — | — | $4M | $3M | $11M |
| 2012 | — | $6M | — | — | -$772426 | $3M | $8M |
| 2011 | — | $5M | — | — | $5M | $3M | $11M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $20M | $222000 | 61.0% | 1.9% | $319000 | — | $10M |
| Dec '25 | $22M | -$930000 | 54.3% | -2.8% | $4M | — | $16M |
| Sep '25 | $17M | -$1M | 58.9% | -3.9% | -$3M | — | $12M |
| Jun '25 | $18M | -$199000 | 59.5% | 0.4% | -$7M | — | $16M |
| Mar '25 | $19M | $12M | 56.3% | 1.4% | -$2M | — | $24M |
| Dec '24 | $20M | $332000 | 53.0% | 0.9% | $4M | — | $13M |
| Sep '24 | $17M | -$132000 | 57.8% | -1.5% | -$1M | — | $10M |
| Jun '24 | $17M | $101000 | 58.0% | 0.4% | -$715000 | — | $12M |
| Mar '24 | $19M | $525000 | 56.7% | 3.4% | -$141000 | — | $12M |
| Dec '23 | $21M | $2M | 55.1% | 8.4% | $3M | — | $12M |
| Sep '23 | $18M | $636000 | 62.4% | 5.0% | -$1M | — | $9M |
| Jun '23 | $17M | $531000 | 62.5% | 4.5% | $1M | — | $10M |
| Mar '23 | $20M | $664000 | 58.1% | 4.8% | $710000 | — | $9M |
| Dec '22 | $22M | $448000 | 55.7% | 1.4% | $5M | $0 | $8M |
| Sep '22 | $19M | $723000 | 60.8% | 5.1% | -$3M | $0 | $3M |
| Jun '22 | $18M | -$589000 | 57.0% | -4.0% | -$2M | $0 | $6M |
| Mar '22 | $21M | $645000 | 58.2% | 4.0% | $113000 | $405000 | $10M |
| Dec '21 | $23M | $85000 | 53.1% | 2.6% | $5M | $415000 | $10M |
| Sep '21 | $19M | -$16000 | 57.5% | 0.1% | $422000 | $423000 | $6M |
| Jun '21 | $19M | $540000 | 60.8% | 3.9% | -$5M | $433000 | $6M |
Valuation over time
How the market has priced TLF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 30.2× (Mar '23) to 2.1× (Jun '26).
- The price-to-sales ratio has fallen from 0.5× (Mar '23) to 0.3× (Jun '26).
- The dividend yield has risen from 56.9% (Dec '25) to 66.6% (Jun '26).
P/E
P/S
Dividend yield %
Frequently asked questions
Is TLF growing its revenue and profit?
Over the past 5 years, TANDY LEATHER FACTORY INC's revenue has grown 3.6% per year. These are computed facts, not advice.
How much debt does TLF have?
As of FY2025, TANDY LEATHER FACTORY INC reported — of total debt against $16M of cash.
What is TLF's profit margin?
In FY2025, gross margin was 57.0%, operating margin -1.3%, and net margin 11.9%.
What is TLF's P/E ratio?
As of Jun '26, TANDY LEATHER FACTORY INC traded at a price-to-earnings ratio of about 2.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.