WINMARK CORPORATION

WINA ·Consumer Cyclical, Specialty Retail, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Revenue $86.1M $81.3M $83.2M $81.4M $78.2M $66.1M $73.3M $72.5M
Cost of Revenue $3.1M $3.4M $4.5M $3.7M $2.9M $2.1M $2.5M $2.7M
Gross Profit $83.0M $77.9M $78.8M $77.7M $75.3M $64.0M $70.8M $69.8M
Gross Margin 96.4% 95.8% 94.6% 95.4% 96.2% 96.8% 96.6% 96.2%
Operating Expenses
Research & Development
SG&A Expense $28.4M $24.9M $25.1M $23.2M $22.3M $21.2M $25.7M $26.0M
Operating Income $54.6M $52.9M $53.3M $53.6M $51.3M $40.2M $43.1M $41.8M
Operating Margin 63.4% 65.1% 64.0% 65.9% 65.6% 60.9% 58.8% 57.6%
Interest Expense $3.1M $2.9M $1.5M $1.7M $1.7M $2.4M
Pretax Income $53.1M $51.2M $51.4M $50.8M $49.9M $38.5M $41.5M $39.3M
Income Tax Expense $11.5M $11.3M $11.2M $11.4M $9.9M $8.7M $9.3M $9.2M
Net Income $41.7M $40.0M $40.2M $39.4M $39.9M $29.8M $32.1M $30.1M
Net Margin 48.4% 49.2% 48.3% 48.4% 51.0% 45.1% 43.9% 41.5%
EPS (Basic) $11.73 $11.36 $11.55 $11.30 $10.87 $8.02 $8.37 $7.77
EPS (Diluted) $11.30 $10.89 $11.04 $10.97 $10.48 $7.72 $7.84 $7.26
Shares Outstanding (Basic) 3.5M 3.5M 3.5M 3.5M 3.7M 3.7M 3.8M 3.9M
Shares Outstanding (Diluted) 3.7M 3.7M 3.6M 3.6M 3.8M 3.9M 4.1M 4.1M
Dividends Per Share $3.10 $2.55 $1.60 $0.80 $0.90 $0.56
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