Winmark Corporation
NASDAQ: WINA · CONSUMER CYCLICAL · SPECIALTY RETAIL
Updated 2026-06-05
Winmark Corporation (WINA) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $37.61M | $56.95M | $58.11M | $56.80M | $42.12M | $47.75M | $43.54M | $53.04M | $54.73M | $47.41M | $48.58M | $48.40M | $46.66M | $61.84M | $31.34M | $26.90M | $30.46M | $28.50M | $26.84M | $24.88M |
| Cash & equivalents | $1.04M | $1.25M | $2.14M | $9.49M | $2.26M | $9.02M | $2.23M | $10.64M | $2.09M | $1.01M | $1.25M | $1.07M | $2.50M | $25.13M | $6.68M | $11.41M | $13.62M | $13.36M | $12.19M | $10.46M |
| Current assets | $11.53M | $15.74M | $24.69M | $32.61M | $18.88M | $23.67M | $18.93M | $30.68M | $28.44M | $24.43M | $22.79M | $21.37M | $24.25M | $41.20M | $18.28M | $17.43M | $18.10M | $16.75M | $15.37M | $14.10M |
| Total liabilities | $21.85M | $44.28M | $44.22M | $41.48M | $19.11M | $12.64M | $25.61M | $14.89M | $33.12M | $78.08M | $56.43M | $79.08M | $51.47M | $49.39M | $42.72M | $65.98M | $92.09M | $87.65M | $77.89M | $78.57M |
| Current liabilities | $9.23M | $17.55M | $18.53M | $20.06M | $15.28M | $7.78M | $20.51M | $10.51M | $29.00M | $7.51M | $7.36M | $9.45M | $12.48M | $11.93M | $11.38M | $9.98M | $10.60M | $10.46M | $5.09M | $5.67M |
| Long-term debt | $12.14M | $26.17M | $22.07M | $17.36M | — | $0.00 | $0.00 | $277400.00 | $25800.00 | $64.32M | $43.33M | $65.36M | $28.33M | $22.71M | $18.21M | $43.38M | $69.07M | $64.85M | $59.94M | $59.96M |
| Shareholder equity | $15.76M | $12.67M | $13.89M | $15.33M | $23.01M | $35.11M | $17.93M | $38.14M | $21.61M | $-30.67M | $-7.85M | $-30.68M | $-4.81M | $12.45M | $-11.38M | $-39.08M | $-61.63M | $-59.16M | $-51.05M | $-53.68M |
| Retained earnings | $15.21M | $12.36M | $13.50M | $15.32M | $22.50M | $34.46M | $17.93M | $35.20M | $21.22M | $-31.05M | $-10.82M | $-32.15M | $-9.23M | $519000.00 | $-20.66M | $-39.08M | $-63.44M | $-66.92M | $-65.84M | $-73.30M |
| Accounts receivable | $3.02M | $2.48M | $2.86M | $1.76M | $2.14M | $1.43M | $2.64M | $18.61M | $25.32M | $22.45M | $20.16M | $19.29M | $20.67M | $14.97M | $10.49M | $1.77M | $2.00M | $189600.00 | $1.43M | $1.95M |
| Inventory | $68700.00 | $145000.00 | $141500.00 | $111400.00 | $85900.00 | $68500.00 | $71200.00 | $96700.00 | $93500.00 | $45200.00 | $87500.00 | $97100.00 | $107600.00 | $86000.00 | $106600.00 | $325200.00 | $770600.00 | $386100.00 | $397600.00 | $362500.00 |
| Goodwill | $608000.00 | — | — | — | — | $0.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 | $607500.00 |
Frequently asked questions
What is Winmark Corporation's revenue?
Winmark Corporation's trailing twelve-month revenue is $84.99M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is WINA?
In its most recent fiscal year, WINA ran a gross margin of 96.39%, an operating margin of 63.44%, and a net margin of 48.40%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does WINA generate?
WINA produced $44.70M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is WINA's balance sheet healthy?
WINA holds $10.46M in cash and equivalents against $59.96M in long-term debt, on $-53.68M of shareholder equity. That debt is best read against the cash flow the business throws off each year.