Winmark (WINA) AI Stock Analysis

• Market Cap: $1.54B
• Dividend Yield: 3.35%
• Average Volume (3M): 84.55K
• Price to Earnings (P/E): 35.0
• Beta (1Y): 0.55
• Revenue Growth: 3.35%
• EPS Growth: 1.97%
• Country: US
• Employees: 89
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 2.69
• Shares Outstanding: 3,571,861
• 10 Day Avg. Volume: 91,703
• 30 Day Avg. Volume: 84,548
• PEG Ratio: 10.73
• Price to Book (P/B): -27.13
• Price to Sales (P/S): 16.92
• P/FCF Ratio: 32.57
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 18.50
• Enterprise Value/Gross Profit: 19.19
• Enterprise Value/Ebitda: 28.09
• 1Y Price Target: $545.00
• Price Target Upside: 26.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 12.4
• Revenue Forecast (FY): $88.40M

• Rating: 71 Outperform
• Price Target: $454.00 ▲(5.48% Upside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is driven primarily by strong profitability and high-quality cash flow, tempered by balance sheet risk (negative equity and meaningful leverage). Technicals are supportive with an upward trend and positive momentum indicators, while a high P/E multiple keeps the valuation component below average. Recent corporate updates add a modest positive tilt via earnings/revenue growth and continued dividend activity.

Positive Factors

High-quality cash generation

Consistently strong operating and free cash flow provides durable funding for debt service, dividends, and franchise support. High cash conversion relative to earnings reduces refinancing risk and funds reinvestment in systems and marketing without eroding operating capacity over the medium term.

Negative Factors

Structurally weak balance sheet

Negative equity and sizable debt relative to assets materially limit financial flexibility and increase solvency risk if performance weakens. This capital structure constrains the company's ability to pursue larger M&A or absorb shocks without relying on operating cash flow or external financing.

Winmark Business Overview & Revenue Model

Company Description

Winmark Corporation, together with its subsidiaries, operates as a franchisor of retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franch...

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Winmark Corporation, together with its subsidiaries, operates as a franchisor of retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franch...

How the Company Makes Money

Winmark primarily makes money through franchising economics tied to its portfolio of resale retail brands. Its key revenue streams include: (1) ongoing royalties from franchisees, generally based on a percentage of franchisee retail sales; (2) ini...

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Winmark primarily makes money through franchising economics tied to its portfolio of resale retail brands. Its key revenue streams include: (1) ongoing royalties from franchisees, generally based on a percentage of franchisee retail sales; (2) ini...

Winmark Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	86.06M	81.29M	83.24M	81.41M	78.22M
Gross Profit	82.95M	77.87M	78.38M	76.71M	73.43M
EBITDA	56.68M	55.20M	55.52M	54.57M	52.01M
Net Income	41.65M	39.95M	40.18M	39.42M	39.92M
Balance Sheet
Total Assets	24.88M	26.84M	28.97M	30.46M	26.90M
Cash, Cash Equivalents and Short-Term Investments	10.46M	12.19M	13.44M	13.96M	14.30M
Total Debt	64.79M	63.04M	72.78M	77.57M	52.42M
Total Liabilities	78.57M	77.89M	88.12M	92.09M	65.98M
Stockholders Equity	-53.68M	-51.05M	-59.16M	-61.63M	-39.08M
Cash Flow
Free Cash Flow	44.70M	41.96M	43.61M	40.11M	48.06M
Operating Cash Flow	44.90M	42.16M	43.99M	43.79M	48.35M
Investing Cash Flow	-192.30K	-194.90K	-383.90K	-3.67M	-283.10K
Financing Cash Flow	-46.57M	-43.02M	-43.90M	-37.88M	-43.31M

Winmark Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 430.43
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WINA, the sentiment is Positive. The current price of 430.43 is below the 20-day moving average (MA) of 430.61, below the 50-day MA of 443.45, and above the 200-day MA of 424.77, indicating a neutral trend. The MACD of -5.88 indicates Negative momentum. The RSI at 49.95 is Neutral, neither overbought nor oversold. The STOCH value of 71.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WINA.

Winmark Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WINA	71 Outperform	$1.54B	34.96	―	3.35%	3.35%	1.97%
RERE	71 Outperform	$971.65M	41.12	8.68%	―	27.84%	―
LQDT	70 Outperform	$966.39M	31.00	14.46%	―	31.20%	38.38%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SVV	60 Neutral	$1.16B	16.40	5.37%	―	6.45%	-102.30%
TDUP	53 Neutral	$426.84M	-38.47	-34.47%	―	-4.90%	50.77%
BNED	50 Neutral	$308.67M	11.58	-3.56%	―	1.38%	63.65%

Winmark Corporate Events