Winmark (WINA) Financial Statements & Analysis

Winmark (WINA) Income Statement

Winmark reported revenue of $86.06M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 5.9% from $81.29M a year earlier. Net income was $41.65M, up 4.3% year over year, a net margin of 48.4%. Gross margin was 96.4% and operating margin 63.4%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 26, 2026), revenue was $27.89M, up 23.2% from the same quarter a year earlier.

Winmark Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Winmark Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	86.06	81.29	83.24	81.41	78.22	66.06	73.30	72.51	69.75
Cost of Revenue	3.10	3.42	4.86	4.70	4.79	4.73	4.50	4.67	5.70
Gross Profit	82.95	77.87	78.38	76.71	73.43	61.34	68.80	67.84	64.04
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	28.36	24.94	25.11	23.16	22.30	21.20	25.75	26.04	25.25
Operating Expenses	28.36	24.94	25.10	23.10	22.09	21.12	25.67	26.08	25.26
Operating Income	54.59	52.93	53.28	53.61	51.34	40.21	43.13	41.76	38.78
Other Income/Expense
Interest Income	0.99	1.15	1.17	0.09	0.00	0.04	0.07	0.00	0.00
Interest Expense	2.45	2.86	3.09	-2.91	1.47	1.74	1.73	2.48	2.35
Other Income/Expense	-1.46	-1.71	-1.92	-2.83	-1.47	-1.69	-1.66	-2.48	-2.35
Income
Income Before Tax	53.14	51.22	51.36	50.78	49.87	38.52	41.47	39.28	36.43
Income Tax Expense	11.48	11.27	11.18	11.36	9.95	8.69	9.32	9.16	11.87
Net Income	41.65	39.95	40.18	39.42	39.92	29.82	32.15	30.13	24.57
Net Income - Continuous Operations	41.65	39.95	40.18	39.42	39.92	29.82	32.15	30.13	24.57
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	56.68	55.20	55.52	54.22	52.01	41.11	43.94	42.08	39.16
EBIT	55.58	54.08	54.45	53.61	51.34	-	-	-	-
Depreciation & Amortization	1.09	1.12	1.06	0.60	0.67	0.85	0.75	0.31	0.36
Earnings Per Share
Basic EPS	12.00	11.00	12.00	11.00	11.00	8.00	8.00	7.00	6.00
Diluted EPS	11.00	11.00	11.00	11.00	10.00	8.00	8.00	7.00	6.00
Basic Shares Outstanding	3.55	3.52	3.48	3.49	3.67	3.72	3.84	4.15	4.06
Diluted Shares Outstanding	3.69	3.67	3.64	3.59	3.81	3.86	4.10	4.15	4.34

Source: Company financial statements from annual and quarterly filings. Data as of Sep 26, 2026. Data sources and methodology

Frequently Asked Questions About Winmark Financial Statements

What was Winmark's revenue in fiscal 2025?

Winmark reported revenue of $86.06M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 5.9% from $81.29M a year earlier.

Is Winmark profitable?

Yes. Winmark earned net income of $41.65M in fiscal 2025, a net margin of 48.4%. In fiscal 2024 it earned $39.95M.

What is Winmark's operating margin?

Winmark's operating income was $54.59M on revenue of $86.06M in fiscal 2025, an operating margin of 63.4%, compared with 65.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition