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Segments

By segment

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Franchising$7.51M+14.0%

Other financials

Income statement

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Revenue$22.0M+7.6%
Gross profit$20.7M+6.5%
Operating income$13.6M+4.4%
Net income$10.4M-1.9%
EPS (diluted)$2.81-2.8%

Balance sheet

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Cash & equivalents$25.8M-10.2%
Total debt$32.7M-1.7%
Total equity-$37.6M-2.1%
Total assets$43.2M0.0%

Cash flow

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Operating cash flow$10.7M+18.6%
CapEx$40.3K-26.3%
Free cash flow$10.7M+18.9%

Valuation

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Market cap$1.27B-8.7%
Enterprise value$1.28B-8.5%
P/E31.2×-2.5×
P/S14.7×-2.0×

Profitability

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Gross margin96.4%+0.5pp
Operating margin62.3%-2.8pp
Net margin47.1%-2.4pp
FCF margin50%-3.5pp

Returns & leverage

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Return on equity67.2%
Debt / equity0.6×
Current ratio3.8×-0.8×

Where this comes from

Reported directly by Winmark in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Winmark’s 10-Q, filed July 15, 2026.

Filed
Jul 15, 2026, 11:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000908315-26-000028
Line itemThree Months Ended / June 27, 2026Three Months Ended / June 28, 2025Six Months Ended / June 27, 2026Six Months Ended / June 28, 2025
Other570,200566,1001,160,3001,129,900
Total revenue21,966,00020,416,80042,815,70042,336,400
Cost of merchandise sold818,500766,5001,437,0001,654,800
Selling, general and administrative expenses7,506,4006,589,20015,376,00014,024,000
Income from operations13,641,10013,061,10026,002,70026,657,600
Interest expense(609,800)(609,800)(1,223,700)(1,223,600)
Interest and other income155,600254,600274,400404,400
Income before income taxes13,186,90012,705,90025,053,40025,838,400

Item 1. Financial Statements (Unaudited)

FAQ

What is Winmark's SG&A?
Winmark (WINA) reported SG&A of $7.51M in Q2 2026.
How has Winmark's SG&A changed year-over-year?
Winmark's SG&A increased by 13.9% year-over-year, from $6.59M to $7.51M.
What is the long-term trend for Winmark's SG&A?
Over 4 years (2021 to 2025), Winmark's SG&A has grown at a 6.2% compound annual growth rate (CAGR), from $22.3M to $28.36M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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