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Winmark WINA Franchising — Operating Income

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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:OperatingIncomeLoss.

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
Selling, general and administrative expenses7,506,4006,585,00015,376,00013,936,300
Total franchising segment expenses$8,324,900$7,351,500$16,813,000$15,591,100
Reconciliation to operating income:
Franchising segment income from operations$13,641,100$13,018,700$26,002,700$24,390,900
Other operating segment income from operations42,4002,266,700
Total income from operations$13,641,100$13,061,100$26,002,700$26,657,600
Depreciation and amortization:
Franchising$180,900$187,600$364,600$373,300

Item 1. Financial Statements (Unaudited)

FAQ

What is Winmark's franchising — operating income?
Winmark (WINA) reported franchising — operating income of $13.64M in Q2 2026.
How has Winmark's franchising — operating income changed year-over-year?
Winmark's franchising — operating income increased by 4.8% year-over-year, from $13.02M to $13.64M.
What is the long-term trend for Winmark's franchising — operating income?
Over 4 years (2021 to 2025), Winmark's franchising — operating income has grown at a 3.8% compound annual growth rate (CAGR), from $44.83M to $52.06M.
What does franchising — operating income mean?
This metric indicates the profitability of the franchising segment by subtracting total segment operating expenses from segment revenues. It is a key indicator of the underlying financial health and operational success of the franchise business model.

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