Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $66.5M | $69.8M | $72.5M | $73.3M | $66.1M | $78.2M | $81.4M | $83.2M | $81.3M | $86.1M |
| Revenue growth | — | 4.9% | 3.9% | 1.1% | -9.9% | 18.4% | 4.1% | 2.3% | -2.3% | 5.9% |
| Operating income | $38.2M | $38.8M | $41.8M | $43.1M | $40.2M | $51.3M | $53.6M | $53.3M | $52.9M | $54.6M |
| Operating margin | 57.4% | 55.6% | 57.6% | 58.8% | 60.9% | 65.6% | 65.9% | 64.0% | 65.1% | 63.4% |
| Net income | $22.1M | $24.6M | $30.1M | $32.1M | $29.8M | $39.9M | $39.4M | $40.2M | $40.0M | $41.7M |
| Net margin | 33.3% | 35.2% | 41.5% | 43.9% | 45.1% | 51.0% | 48.4% | 48.3% | 49.2% | 48.4% |
| EPS (diluted) | $5.11 | $5.66 | $7.26 | $7.84 | $7.72 | $10.48 | $10.97 | $11.04 | $10.89 | $11.30 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26.3M | $25.2M | $34.9M | $50.6M | $43.2M | $48.3M | $43.8M | $44.0M | $42.2M | $44.9M |
| Capital expenditures | $68.6K | $72.6K | $694K | $169K | $45.1K | $74.7K | $139K | $384K | $195K | $192K |
| Free cash flow | $26.2M | $25.1M | $34.2M | $50.5M | $43.2M | $48.3M | $43.7M | $43.6M | $42.0M | $44.7M |
| Share buybacks | $1.57M | $49.9M | $1.85M | $24.0M | $49.0M | $44.2M | $49.1M | — | — | $2.42M |
| Dividends paid | $1.53M | $1.76M | $2.17M | $3.45M | $14.2M | $33.2M | $19.3M | $43.7M | $38.9M | $49.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.25M | $1.07M | $2.50M | $25.1M | $6.66M | $11.4M | $13.6M | $13.4M | $12.2M | $10.3M |
| Total assets | $48.6M | $48.8M | $46.7M | $61.8M | $31.3M | $26.9M | $30.5M | $29.0M | $26.8M | $24.9M |
| Long-term debt | — | — | — | $25.7M | $21.9M | $47.7M | — | — | — | — |
| Shareholders' equity | -$12.9M | -$35.7M | -$4.81M | $12.4M | -$11.4M | -$39.1M | -$61.6M | -$59.2M | -$51.0M | -$53.7M |
| Retained earnings | -$10.8M | -$37.2M | -$9.23M | $519K | -$20.7M | -$39.1M | -$63.4M | -$66.9M | -$65.8M | -$73.3M |
| Shares (wtd avg diluted) | 4.33M | 4.34M | 4.15M | 4.10M | 3.86M | 3.81M | 3.59M | 3.64M | 3.67M | 3.69M |
Every figure is extracted from WINMARK CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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