Winmark Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021	Dec '20 Dec 26, 2020
Operating Revenue	82.28	79.16	81.27	79.58	76.52	64.43
Other Revenue	2.24	2.13	1.97	1.83	1.69	1.63
Revenue	84.52	81.29	83.24	81.41	78.22	66.06
Revenue Growth (YoY)	3.35%	-2.35%	2.25%	4.08%	18.40%	-9.87%
Cost of Revenue	3.13	3.42	4.86	4.7	4.79	4.73
Gross Profit	81.38	77.87	78.38	76.71	73.43	61.34
Selling, General & Admin	27.04	24.94	25.11	23.16	22.3	21.2
Operating Expenses	27.04	24.94	25.1	23.1	22.09	21.12
Operating Income	54.35	52.93	53.28	53.61	51.34	40.21
Interest Expense	-2.53	-2.86	-3.09	-2.91	-1.45	-1.74
Interest & Investment Income	1.01	1.15	1.17	0.09	-	0.04
Other Non Operating Income (Expenses)	-	-	-	-	-0.02	-
EBT Excluding Unusual Items	52.83	51.22	51.36	50.78	49.87	38.52
Pretax Income	52.83	51.22	51.36	50.78	49.87	38.52
Income Tax Expense	11.55	11.27	11.18	11.36	9.95	8.69
Net Income	41.28	39.95	40.18	39.42	39.92	29.82
Net Income to Common	41.28	39.95	40.18	39.42	39.92	29.82
Net Income Growth	2.97%	-0.56%	1.91%	-1.24%	33.86%	-7.23%
Shares Outstanding (Basic)	4	4	3	3	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.34%	0.74%	1.34%	-5.72%	-1.37%	-5.79%
EPS (Basic)	11.66	11.36	11.55	11.30	10.87	8.02
EPS (Diluted)	11.21	10.89	11.04	10.97	10.48	7.72
EPS Growth	2.56%	-1.36%	0.64%	4.68%	35.75%	-1.53%
Free Cash Flow	44.66	41.96	43.61	43.65	48.06	39.06
Free Cash Flow Per Share	12.14	11.44	11.98	12.15	12.61	10.11
Dividend Per Share	3.720	3.500	3.100	2.550	1.600	0.800
Dividend Growth	9.41%	12.90%	21.57%	59.38%	100.00%	-11.11%
Gross Margin	96.29%	95.80%	94.16%	94.23%	93.88%	92.84%
Operating Margin	64.30%	65.11%	64.01%	65.85%	65.63%	60.87%
Profit Margin	48.84%	49.15%	48.27%	48.43%	51.04%	45.15%
Free Cash Flow Margin	52.84%	51.62%	52.39%	53.62%	61.45%	59.13%
EBITDA	55.1	53.73	54.05	54.22	51.77	40.7
EBITDA Margin	65.19%	66.10%	64.93%	66.59%	66.18%	61.60%
D&A For EBITDA	0.75	0.8	0.77	0.6	0.43	0.48
EBIT	54.35	52.93	53.28	53.61	51.34	40.21
EBIT Margin	64.30%	65.11%	64.01%	65.85%	65.63%	60.87%
Effective Tax Rate	21.87%	22.00%	21.77%	22.37%	19.95%	22.57%
Revenue as Reported	84.52	81.29	83.24	81.41	78.22	66.06
Advertising Expenses	-	0.6	0.7	0.5	0.3	0.27

Updated Oct 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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