WINA Financials Winmark Corp

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 28 h ago Overview →

Growth & profitability

Revenue has grown 5.4% per year over the past 5 years.
Net income has grown faster than revenue (6.9% vs 5.4% per year).
Operating margin has expanded, at 63.4% in the latest year.
Free cash flow has grown 0.7% per year over the past 5 years.

Financial health

Total debt has grown faster than revenue (36.3% vs 5.4% per year).
Operating income covered interest expense 22× in the latest year.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 117.9% of earnings and 109.9% of free cash flow.
The dividend has grown 28.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$86M	$42M	96.4%	63.4%	$45M	—	$10M
2024	$81M	$40M	95.8%	65.1%	$42M	—	$12M
2023	$83M	$40M	94.6%	64.0%	$44M	—	$13M
2022	$81M	$39M	95.4%	65.9%	$44M	—	$14M
2021	$78M	$40M	96.2%	65.6%	$48M	$48M	$11M
2020	$66M	$30M	96.8%	60.9%	$43M	$22M	$7M
2019	$73M	$32M	96.6%	58.8%	$50M	$26M	$25M
2018	$73M	$30M	96.2%	57.6%	$34M	—	$2M
2017	$70M	$25M	96.5%	55.6%	$25M	—	$1M
2016	$67M	$22M	96.8%	57.4%	$26M	—	$1M
2015	$69M	—	0.0%	53.4%	$22M	—	$1M
2014	$61M	—	0.0%	54.0%	—	—	$2M
2013	$56M	—	0.0%	53.4%	—	—	$11M
2012	$52M	—	0.0%	52.6%	—	—	$2M
2011	$51M	—	0.0%	48.4%	—	—	$9M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$21M	$9M	0.0%	59.3%	$12M	—	$20M
Dec '25	$21M	$10M	0.0%	61.7%	$9M	—	$10M
Sep '25	$23M	$11M	0.0%	65.9%	$12M	—	$40M
Jun '25	$20M	$11M	0.0%	64.0%	$9M	—	$29M
Mar '25	$22M	$10M	0.0%	62.0%	$15M	—	$22M
Dec '24	$20M	$10M	0.0%	65.3%	$8M	—	$12M
Sep '24	$22M	$11M	0.0%	69.4%	$12M	—	$37M
Jun '24	$20M	$10M	0.0%	64.7%	$8M	—	$29M
Mar '24	$20M	$9M	0.0%	60.8%	$13M	—	$23M
Dec '23	$20M	$10M	0.0%	62.5%	$9M	—	$13M
Sep '23	$22M	$11M	0.0%	67.8%	$12M	—	$41M
Jul '23	$20M	$10M	0.0%	65.1%	$9M	—	$32M
Apr '23	$21M	$9M	0.0%	60.4%	$14M	—	$25M
Dec '22	$21M	$10M	0.0%	63.4%	$10M	—	$14M
Sep '22	$21M	$10M	0.0%	68.1%	$12M	—	$17M
Jun '22	$19M	$9M	0.0%	64.8%	$9M	—	$9M
Mar '22	$20M	$10M	0.0%	67.0%	$13M	—	$287500
Dec '21	$20M	$12M	0.0%	63.4%	$13M	$48M	$11M
Sep '21	$20M	$10M	0.0%	68.4%	$12M	—	$38M
Jun '21	$19M	$9M	0.0%	62.9%	$10M	—	$7M

Valuation over time

How the market has priced WINA 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 risen from 29.1× (Mar '23) to 36.9× (Jun '26).
The price-to-sales ratio has risen from 14.1× (Mar '23) to 17.8× (Jun '26).
The dividend yield has risen from 1.7% (Mar '23) to 3.2% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is WINA growing its revenue and profit?

Over the past 5 years, Winmark Corp's revenue has grown 5.4% per year, and net income grown 6.9% per year. These are computed facts, not advice.

How much debt does WINA have?

As of FY2025, Winmark Corp reported — of total debt against $10M of cash; operating income covered interest expense 22×.

What is WINA's profit margin?

In FY2025, gross margin was 96.4%, operating margin 63.4%, and net margin 48.4%.

What is WINA's P/E ratio?

As of Jun '26, Winmark Corp traded at a price-to-earnings ratio of about 36.9× (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.