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MARKETS / NASDAQ / TLF
NASDAQ · LEATHER & LEATHER PRODUCTS · SMALL CAP

Tandy Leather Factory Inc. TLF

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$76.3M
▲ 2.6% YoY
$9.1M
▲ 1000.6% YoY
$-8.1M
▼ 617.1% YoY
In brief

What this company does

We sell our products primarily through company-leased stores and through orders generated from our global websites, and through our commercial division. The Company currently operates a total of 101 retail stores. We carry a wide assortment of products organized into a number of categories, including leather, hand tools, hardware, kits, liquids, machines, and other supplies. We operate a production facility in Benbrook, Texas, where we produce kits, thread lace, belt strips and straps, and Craftaid® tooling templates, and provide some custom production services for commercial and business customers. As of December 31, 2025, we employed globally 538 people, 401 of whom were employed on a full-time basis.

Written from the business description in Tandy Leather Factory, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 76.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 76.3 · Net income 9.1
40M80M200920112013201520172019202120232025
Compound annual growth
−1.7%
+3.6%
−1.0%
+1.6%
+95.0%
+3.6%
+5.4%
+94.3%
+5.7%
+6.8%
+98.7%
+14.3%
+3.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -1.3% · Net 11.9%
5%10%-5%200920112013201520172019202120232025
ROE
FY2025 · ROE 16.6%
5%10%15%-5%200920112013201520172019202120232025

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders
USD 14.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -8.1
4M8M-5M-10M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 12.7 · Net buybacks 1.4
5M10MDividendsNet buybacks20092012201520172019202120232025

USD 12.7M in dividends and USD 1.4M in buybacks — 155% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 86.6M
EquityUSD 52.6M
CashUSD 16.1M
Current ratio5.16×

Equity funds 61% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Operating income $B−0.00.00.00.00.0−0.0−0.00.00.00.00.00.00.00.00.00.00.0
EBITDA $B−0.00.00.00.00.0−0.0−0.00.00.00.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.0−0.0−0.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.0−0.0−0.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B−0.00.00.00.00.0−0.00.00.00.00.00.0−0.00.0−0.00.00.00.0
EPS, diluted $1.100.090.450.150.16−0.54−0.210.480.270.690.630.750.710.550.470.410.31
Dividend / sh $·················
Payout %1400·········33·45·185·
ROE %16.61.57.02.42.6−9.0−3.37.74.612.412.816.417.715.614.813.29.9
Shares out B0.010.010.010.010.010.01·0.010.010.010.010.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityLeather & Leather Products
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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