Winmark Corp (WINA) financials
Winmark revenue and earnings by year
Winmark's revenue was $86.1 million in the fiscal year to December 27, 2025, up 5.9% from the year before. Net income was $41.7 million, 48.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 86 | 81 | 83 | 81 | 78 | 66 | 73 | 73 | 70 | 67 |
| Revenue growth | 5.9% | -2.3% | 2.3% | 4.1% | 18.4% | -9.9% | 1.1% | 3.9% | 4.9% | — |
| Gross profit | 83 | 78 | 78 | 77 | 73 | 61 | 69 | 68 | 64 | 62 |
| Gross margin | 96.4% | 95.8% | 94.2% | 94.2% | 93.9% | 92.8% | 93.9% | 93.6% | 91.8% | 93.3% |
| Operating income | 55 | 53 | 53 | 54 | 51 | 40 | 43 | 42 | 39 | 38 |
| Operating margin | 63.4% | 65.1% | 64.0% | 65.8% | 65.4% | 60.7% | 58.7% | 57.6% | 55.6% | 57.5% |
| Net income | 42 | 40 | 40 | 39 | 40 | 30 | 32 | 30 | 25 | 22 |
| Net margin | 48.4% | 49.2% | 48.3% | 48.4% | 51.0% | 45.1% | 43.9% | 41.5% | 35.2% | 33.3% |
| Diluted EPS | $11.30 | $10.89 | $11.04 | $10.97 | $10.48 | $7.72 | $7.84 | $7.26 | $5.70 | $5.13 |
| Free cash flow | 45 | 42 | 44 | 44 | 48 | 39 | 41 | 11 | -0 | -0 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WINA in Markets.
How Winmark makes money
Revenue by segment in the quarter to September 26, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Royalty | $21.7M | 77.8% |
| Advertising | $3.83M | 13.7% |
| Product | $1.03M | 3.7% |
| Product & Service Other | $499K | 1.8% |
| Software Fees | $497K | 1.8% |
| Franchise | $330K | 1.2% |
See also: WINA valuation and P/E history · WINA returns
No forecast, no recommendation. This page describes Winmark Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.