MARKETS / NASDAQ / WINA
NASDAQ · RETAIL-MISCELLANEOUS RETAIL · LARGE CAP

Winmark Corporation WINA

16 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$86.1M
▲ 5.9% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$11.30
Dividend / sh · FY25
Payout · FY25
118%
ROE · FY25
Net margin · FY25
48.4%
Dividend coverage
3.6×
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Result
USD 86.1M
Revenue, FY2025 · full 16-year series below
Revenue Net income
0.0250.050.0750.10.10.0201020132016201920222025
0.0250.050.0750.10.10.02016201920222025

48 cents of every revenue dollar became profit this year.

Per share
USD 11.30
Diluted EPS, FY2025
EPS Dividend
481211.30201020132016201920222025
481211.302016201920222025

Earnings covered the dividend 3.6 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
200040006000201020132016201920222025
2000400060002016201920222025
Operating margin63.4%
Net margin48.4%
Return on assets161.0%

Returned to shareholders
USD 49.1M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 49.1M
Net buybacksUSD -2.5M
Share of profit117.9%
Consecutive raises3 years

USD 49.1M in dividends — 118% of the year's profit, so the payout drew on cash built up earlier.

Growth
+131.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+1.9%
+131.3%
+2.2%
+5.0%
Net income
+1.9%
+6.9%
+6.7%
+9.7%
EPS, diluted
+1.0%
+7.9%
+9.2%
+12.3%
Dividend / share
+57.1%
+40.8%
+32.2%
Returned to shareholders
−8.3%
−2.2%
−4.2%
+19.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.00B
Shares outstanding, FY2025
0.010.00201020132016201920222025
0.000.002016201920222025
Change, 5 years−4.9%
Change, 10 years−13.4%

The share count shrank 5% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 24.9M
total assets, end of FY2025
Total assetsUSD 24.9M
EquityUSD -53.7M
CashUSD 10.3M
Current ratio2.49×

Equity funds -216% of total assets.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
Operating income $B
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
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
Net income $B
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
EPS, diluted $
11.30
10.89
11.04
10.97
10.48
7.72
7.84
7.26
5.66
5.11
4.69
3.85
3.48
2.47
2.69
1.98
Dividend / sh $
·
·
3.10
2.55
1.60
0.80
0.90
0.56
0.43
0.37
0.27
0.23
0.19
0.15
0.11
·
Payout %
118
97
109
49
83
48
11
7
7
7
6
134
5
202
4
3
ROE %
·
·
·
·
·
5576.5
841.6
·
·
·
·
67.2
65.0
48.8
48.5
44.9
Shares out B
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
·
0.00
0.01

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
48 of 48
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed