Logo image of WINA

WINMARK CORP (WINA) Stock Fundamental Analysis

USA - NASDAQ:WINA - US9742501029 - Common Stock

412.385 USD
-16.05 (-3.75%)
Last: 10/24/2025, 8:02:12 PM
415.3 USD
+2.92 (+0.71%)
Pre-Market: 10/27/2025, 4:36:41 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to WINA. WINA was compared to 121 industry peers in the Specialty Retail industry. Both the health and profitability get an excellent rating, making WINA a very profitable company, without any liquidiy or solvency issues. WINA is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

In the past year WINA was profitable.
WINA had a positive operating cash flow in the past year.
WINA had positive earnings in each of the past 5 years.
In the past 5 years WINA always reported a positive cash flow from operatings.
WINA Yearly Net Income VS EBIT VS OCF VS FCFWINA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M 50M

1.2 Ratios

With an excellent Return On Assets value of 76.80%, WINA belongs to the best of the industry, outperforming 99.17% of the companies in the same industry.
WINA has a better Return On Invested Capital (91.27%) than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WINA is significantly above the industry average of 11.83%.
The 3 year average ROIC (208.58%) for WINA is well above the current ROIC(91.27%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 76.8%
ROE N/A
ROIC 91.27%
ROA(3y)138.96%
ROA(5y)132.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)208.58%
ROIC(5y)203.98%
WINA Yearly ROA, ROE, ROICWINA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400 -600

1.3 Margins

WINA has a better Profit Margin (48.84%) than 100.00% of its industry peers.
WINA's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 64.30%, WINA belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of WINA has grown nicely.
WINA has a Gross Margin of 96.29%. This is amongst the best in the industry. WINA outperforms 99.17% of its industry peers.
WINA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 64.3%
PM (TTM) 48.84%
GM 96.29%
OM growth 3Y-0.25%
OM growth 5Y2.06%
PM growth 3Y-1.24%
PM growth 5Y2.34%
GM growth 3Y-0.16%
GM growth 5Y-0.16%
WINA Yearly Profit, Operating, Gross MarginsWINA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

8

2. Health

2.1 Basic Checks

WINA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
WINA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, WINA has less shares outstanding
The debt/assets ratio for WINA has been reduced compared to a year ago.
WINA Yearly Shares OutstandingWINA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
WINA Yearly Total Debt VS Total AssetsWINA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

An Altman-Z score of 15.56 indicates that WINA is not in any danger for bankruptcy at the moment.
WINA has a Altman-Z score of 15.56. This is amongst the best in the industry. WINA outperforms 99.17% of its industry peers.
The Debt to FCF ratio of WINA is 1.34, which is an excellent value as it means it would take WINA, only 1.34 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.34, WINA belongs to the best of the industry, outperforming 80.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 1.34
Altman-Z 15.56
ROIC/WACC9.88
WACC9.24%
WINA Yearly LT Debt VS Equity VS FCFWINA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M -60M

2.3 Liquidity

WINA has a Current Ratio of 5.95. This indicates that WINA is financially healthy and has no problem in meeting its short term obligations.
WINA has a better Current ratio (5.95) than 99.17% of its industry peers.
WINA has a Quick Ratio of 5.92. This indicates that WINA is financially healthy and has no problem in meeting its short term obligations.
WINA has a Quick ratio of 5.92. This is amongst the best in the industry. WINA outperforms 99.17% of its industry peers.
Industry RankSector Rank
Current Ratio 5.95
Quick Ratio 5.92
WINA Yearly Current Assets VS Current LiabilitesWINA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

4

3. Growth

3.1 Past

WINA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.86%.
Measured over the past 5 years, WINA shows a small growth in Earnings Per Share. The EPS has been growing by 6.80% on average per year.
The Revenue for WINA has decreased by -17.05% in the past year. This is quite bad
WINA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.09% yearly.
EPS 1Y (TTM)-15.86%
EPS 3Y1.3%
EPS 5Y6.8%
EPS Q2Q%-0.33%
Revenue 1Y (TTM)-17.05%
Revenue growth 3Y1.3%
Revenue growth 5Y2.09%
Sales Q2Q%5.22%

3.2 Future

WINA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.16% yearly.
The Revenue is expected to grow by 4.58% on average over the next years.
EPS Next Y6.68%
EPS Next 2Y7.77%
EPS Next 3Y8.16%
EPS Next 5YN/A
Revenue Next Year4.05%
Revenue Next 2Y3.82%
Revenue Next 3Y4.58%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WINA Yearly Revenue VS EstimatesWINA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
WINA Yearly EPS VS EstimatesWINA Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2 4 6 8 10

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 36.75, WINA can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as WINA.
When comparing the Price/Earnings ratio of WINA to the average of the S&P500 Index (26.89), we can say WINA is valued slightly more expensively.
A Price/Forward Earnings ratio of 32.60 indicates a quite expensive valuation of WINA.
WINA's Price/Forward Earnings ratio is in line with the industry average.
WINA is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.99, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 36.75
Fwd PE 32.6
WINA Price Earnings VS Forward Price EarningsWINA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, WINA is valued a bit more expensive than 62.81% of the companies in the same industry.
WINA's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 32.87
EV/EBITDA 27.13
WINA Per share dataWINA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of WINA may justify a higher PE ratio.
PEG (NY)5.5
PEG (5Y)5.4
EPS Next 2Y7.77%
EPS Next 3Y8.16%

3

5. Dividend

5.1 Amount

With a yearly dividend of 0.90%, WINA is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.23, WINA pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.90, WINA pays less dividend than the S&P500 average, which is at 2.31.
Industry RankSector Rank
Dividend Yield 0.9%

5.2 History

The dividend of WINA is nicely growing with an annual growth rate of 65.94%!
WINA has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)65.94%
Div Incr Years0
Div Non Decr Years0
WINA Yearly Dividends per shareWINA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

5.3 Sustainability

WINA pays out 96.24% of its income as dividend. This is not a sustainable payout ratio.
The dividend of WINA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP96.24%
EPS Next 2Y7.77%
EPS Next 3Y8.16%
WINA Yearly Income VS Free CF VS DividendWINA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M
WINA Dividend Payout.WINA Dividend Payout, showing the Payout Ratio.WINA Dividend Payout.PayoutRetained Earnings

WINMARK CORP

NASDAQ:WINA (10/24/2025, 8:02:12 PM)

Premarket: 415.3 +2.92 (+0.71%)

412.385

-16.05 (-3.75%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)10-15 2025-10-15/bmo
Earnings (Next)02-17 2026-02-17
Inst Owners83.56%
Inst Owner Change0.17%
Ins Owners5.55%
Ins Owner Change2.23%
Market Cap1.47B
Revenue(TTM)84.52M
Net Income(TTM)41.28M
Analysts82.86
Price Target453.9 (10.07%)
Short Float %7.66%
Short Ratio2.91
Dividend
Industry RankSector Rank
Dividend Yield 0.9%
Yearly Dividend11.05
Dividend Growth(5Y)65.94%
DP96.24%
Div Incr Years0
Div Non Decr Years0
Ex-Date11-12 2025-11-12 (10)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.84%
Min EPS beat(2)-8.05%
Max EPS beat(2)-1.62%
EPS beat(4)0
Avg EPS beat(4)-4.13%
Min EPS beat(4)-8.05%
Max EPS beat(4)-1.62%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-1.45%
Max Revenue beat(2)-0.9%
Revenue beat(4)1
Avg Revenue beat(4)-1.24%
Min Revenue beat(4)-5.37%
Max Revenue beat(4)2.78%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)1.46%
EPS NQ rev (3m)1.46%
EPS NY rev (1m)-1.39%
EPS NY rev (3m)-1.39%
Revenue NQ rev (1m)0.73%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0.46%
Revenue NY rev (3m)0.46%
Valuation
Industry RankSector Rank
PE 36.75
Fwd PE 32.6
P/S 17.37
P/FCF 32.87
P/OCF 32.75
P/B N/A
P/tB N/A
EV/EBITDA 27.13
EPS(TTM)11.22
EY2.72%
EPS(NY)12.65
Fwd EY3.07%
FCF(TTM)12.54
FCFY3.04%
OCF(TTM)12.59
OCFY3.05%
SpS23.74
BVpS-7.4
TBVpS-8.24
PEG (NY)5.5
PEG (5Y)5.4
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 76.8%
ROE N/A
ROCE 116.84%
ROIC 91.27%
ROICexc 626.11%
ROICexgc 1117.75%
OM 64.3%
PM (TTM) 48.84%
GM 96.29%
FCFM 52.84%
ROA(3y)138.96%
ROA(5y)132.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)208.58%
ROIC(5y)203.98%
ROICexc(3y)654.26%
ROICexc(5y)834.68%
ROICexgc(3y)1882.71%
ROICexgc(5y)1685.36%
ROCE(3y)267.03%
ROCE(5y)261.14%
ROICexgc growth 3Y-31.02%
ROICexgc growth 5Y17.18%
ROICexc growth 3Y-34.38%
ROICexc growth 5Y8.99%
OM growth 3Y-0.25%
OM growth 5Y2.06%
PM growth 3Y-1.24%
PM growth 5Y2.34%
GM growth 3Y-0.16%
GM growth 5Y-0.16%
F-Score6
Asset Turnover1.57
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 1.34
Debt/EBITDA 1.09
Cap/Depr 33.15%
Cap/Sales 0.2%
Interest Coverage 21.59
Cash Conversion 81.71%
Profit Quality 108.19%
Current Ratio 5.95
Quick Ratio 5.92
Altman-Z 15.56
F-Score6
WACC9.24%
ROIC/WACC9.88
Cap/Depr(3y)32.47%
Cap/Depr(5y)205.84%
Cap/Sales(3y)0.29%
Cap/Sales(5y)1.5%
Profit Quality(3y)108.12%
Profit Quality(5y)115.18%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.86%
EPS 3Y1.3%
EPS 5Y6.8%
EPS Q2Q%-0.33%
EPS Next Y6.68%
EPS Next 2Y7.77%
EPS Next 3Y8.16%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.05%
Revenue growth 3Y1.3%
Revenue growth 5Y2.09%
Sales Q2Q%5.22%
Revenue Next Year4.05%
Revenue Next 2Y3.82%
Revenue Next 3Y4.58%
Revenue Next 5YN/A
EBIT growth 1Y-16.26%
EBIT growth 3Y1.05%
EBIT growth 5Y4.19%
EBIT Next Year8.07%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.45%
FCF growth 3Y-4.43%
FCF growth 5Y0.24%
OCF growth 1Y0.05%
OCF growth 3Y-4.47%
OCF growth 5Y-3.6%

WINMARK CORP / WINA FAQ

What is the ChartMill fundamental rating of WINMARK CORP (WINA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to WINA.


What is the valuation status for WINA stock?

ChartMill assigns a valuation rating of 2 / 10 to WINMARK CORP (WINA). This can be considered as Overvalued.


What is the profitability of WINA stock?

WINMARK CORP (WINA) has a profitability rating of 9 / 10.


What is the financial health of WINMARK CORP (WINA) stock?

The financial health rating of WINMARK CORP (WINA) is 8 / 10.


Is the dividend of WINMARK CORP sustainable?

The dividend rating of WINMARK CORP (WINA) is 3 / 10 and the dividend payout ratio is 96.24%.