Winmark Corporation (WINA) Key Metrics
WINA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.13B
- Enterprise value
- $1.08B
- P/E (TTM)
- 28.1 10-yr median 24.3
- Forward P/E
- 14.9
- PEG ratio
- 1.41
- Price / sales
- 12.3 10-yr median 11.0
- Price / book
- 58.7
- EV / EBITDA
- 19.4 10-yr median 18.4
- Dividend yield
- 1.30% $4.08 a year
- Beta
- 0.55
WINA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWINA valuation Price multiples at each fiscal year-end price.
WINA returns How much profit the business earns on the capital it uses.
WINA per-share figures Results divided by the shares outstanding at year-end.
WINA financial health Debt, liquidity and how easily interest is covered.
WINA efficiency & capital use Working capital cycle and where the cash goes.
WINA valuation history
WINA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WINA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WINA cash returned to shareholders
WINA price vs earnings per share
WINA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.49B | $1.44B | $1.52B | $847.2M | $946.1M | $717.8M | $813.2M | $659.8M | $561.6M | $546.3M |
| Enterprise value | $1.55B | $1.49B | $1.58B | $910.8M | $984.2M | $740.0M | $823.0M | $673.4M | $614.4M | $573.2M |
| P/E ratio | 35.8 | 36.1 | 37.8 | 21.5 | 23.7 | 24.1 | 25.3 | 21.9 | 22.9 | 24.6 |
| Price / sales | 17.3 | 17.7 | 18.3 | 10.4 | 12.1 | 10.9 | 11.1 | 9.1 | 8.1 | 8.2 |
| Price / book | — | — | — | — | — | — | 65.3 | — | — | — |
| Price / free cash flow | 33.4 | 34.4 | 34.9 | 21.1 | 19.7 | 18.4 | 19.6 | 59.2 | — | — |
| Price / operating cash flow | 33.2 | 34.2 | 34.6 | 19.3 | 19.6 | 16.6 | 16.1 | 18.9 | 22.3 | 21.3 |
| EV / sales | 18.0 | 18.4 | 19.0 | 11.2 | 12.6 | 11.2 | 11.2 | 9.3 | 8.8 | 8.6 |
| EV / EBITDA | 27.3 | 27.0 | 29.1 | 16.7 | 18.9 | 18.0 | 18.7 | 16.0 | 15.7 | 14.8 |
| EV / free cash flow | 34.6 | 35.6 | 36.2 | 22.7 | 20.5 | 18.9 | 19.8 | 60.5 | — | — |
| Earnings yield | 2.8% | 2.8% | 2.6% | 4.7% | 4.2% | 4.2% | 4.0% | 4.6% | 4.4% | 4.1% |
| Free cash flow yield | 3.0% | 2.9% | 2.9% | 4.7% | 5.1% | 5.4% | 5.1% | 1.7% | −0.1% | −0.1% |
| Dividend yield | 3.3% | 2.7% | 2.9% | 2.3% | 3.5% | 2.0% | 0.4% | 0.3% | 0.3% | 0.3% |
| Shareholder yield (dividends + buybacks) | 3.5% | 2.7% | 6.1% | 8.1% | 8.2% | 8.8% | 3.4% | 0.6% | 9.2% | 0.6% |
| Share price at fiscal year-end | $404.94 | $393.07 | $417.55 | $235.83 | $248.29 | $185.80 | $198.30 | $159.00 | $129.40 | $126.15 |
| Per share | ||||||||||
| Revenue per share | $23.35 | $22.16 | $22.87 | $22.66 | $20.53 | $17.10 | $17.88 | $17.47 | $16.07 | $15.37 |
| Earnings per share | $11.30 | $10.89 | $11.04 | $10.97 | $10.48 | $7.72 | $7.84 | $7.26 | $5.66 | $5.13 |
| Operating cash flow per share | $12.18 | $11.50 | $12.08 | $12.19 | $12.69 | $11.19 | $12.35 | $8.42 | $5.80 | $5.93 |
| Free cash flow per share | $12.13 | $11.44 | $11.98 | $11.17 | $12.61 | $10.11 | $10.11 | $2.68 | −$0.07 | −$0.14 |
| Cash per share | $2.84 | $3.32 | $3.67 | $3.89 | $3.75 | $1.73 | $6.13 | $5.07 | $3.78 | $4.26 |
| Book value per share | −$14.57 | −$13.92 | −$16.25 | −$17.16 | −$10.26 | −$2.95 | $3.04 | −$1.16 | −$7.07 | −$1.81 |
| Tangible book value per share | −$15.35 | −$14.80 | −$17.24 | −$18.26 | −$10.42 | −$3.10 | $2.89 | −$1.31 | −$7.35 | −$2.09 |
| Dividends per share | $13.33 | $10.60 | $11.99 | $5.36 | $8.70 | $3.68 | $0.84 | $0.52 | $0.41 | $0.35 |
| Capex per share | $0.05 | $0.05 | $0.11 | $1.02 | $0.07 | $1.08 | $2.24 | $5.73 | $5.87 | $6.07 |
| Debt per share | $17.58 | $17.19 | $19.99 | $21.59 | $13.76 | $7.47 | $8.53 | $8.33 | $15.94 | $10.46 |
| Shares outstanding | 3.7M | 3.7M | 3.6M | 3.6M | 3.8M | 3.9M | 4.1M | 4.1M | 4.3M | 4.3M |
| Change in shares outstanding | +0.5% | +0.7% | +1.3% | −5.7% | −1.4% | −5.8% | −1.2% | −4.4% | +0.2% | −6.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | — | — | 841.6% | — | — | — |
| Return on invested capital (ROIC) | — | — | — | — | — | 188.3% | 215.6% | 207.8% | 127.3% | 132.6% |
| Return on assets (ROA) | 161.0% | 144.4% | 136.3% | 137.5% | 137.1% | 64.0% | 59.3% | 63.4% | 50.7% | 46.3% |
| Return on tangible assets | 189.4% | 169.3% | 161.4% | 148.8% | 151.8% | 97.0% | 52.5% | 65.4% | 52.1% | 46.9% |
| Free cash flow margin | 51.9% | 51.6% | 52.4% | 49.3% | 61.4% | 59.1% | 56.6% | 15.4% | −0.5% | −0.9% |
| Income quality (OCF / net income) | 1.08 | 1.06 | 1.09 | 1.11 | 1.21 | 1.45 | 1.58 | 1.16 | 1.02 | 1.16 |
| Financial health | ||||||||||
| Total debt | $64.8M | $63.0M | $72.8M | $77.6M | $52.4M | $28.8M | $35.0M | $34.6M | $69.2M | $45.3M |
| Cash & short-term investments | $10.5M | $12.2M | $13.4M | $14.0M | $14.3M | $6.7M | $25.1M | $21.0M | $16.4M | $18.5M |
| Net debt | $54.3M | $50.8M | $59.4M | $63.6M | $38.1M | $22.2M | $9.8M | $13.5M | $52.8M | $26.9M |
| Debt / equity | — | — | — | — | — | — | 2.81 | — | — | — |
| Debt / assets | 2.60 | 2.35 | 2.55 | 2.55 | 1.95 | 0.92 | 0.57 | 0.74 | 1.43 | 0.93 |
| Net debt / EBITDA | 0.96 | 0.92 | 1.09 | 1.17 | 0.73 | 0.54 | 0.22 | 0.32 | 1.35 | 0.69 |
| Current ratio | 2.49 | 3.02 | 1.60 | 1.71 | 1.75 | 1.61 | 3.45 | 1.94 | 2.26 | 3.10 |
| Quick ratio | 2.42 | 2.94 | 1.56 | 1.64 | 1.71 | 1.60 | 3.45 | 1.93 | 2.25 | 3.09 |
| Interest coverage | 22.3 | 18.5 | 17.2 | 18.4 | 34.9 | 23.1 | 24.9 | 16.8 | 16.5 | 16.3 |
| Working capital | $8.4M | $10.3M | $6.3M | $7.5M | $7.5M | $6.9M | $29.3M | $11.8M | $11.9M | $15.4M |
| Invested capital | $646,300 | −$200,300 | $264,900 | $2.0M | −$961,900 | $10.8M | $22.3M | $8.7M | $22.1M | $19.0M |
| Tangible asset value | −$56.6M | −$54.3M | −$62.8M | −$65.6M | −$39.7M | −$12.0M | $11.8M | −$5.4M | −$31.9M | −$9.1M |
| Net current asset value | −$64.5M | −$62.5M | −$70.9M | −$74.0M | −$48.6M | −$24.4M | −$8.2M | −$27.2M | −$57.7M | −$33.6M |
| Graham number | — | — | — | — | — | — | $23.14 | — | — | — |
| Graham net-net per share | −$18.03 | −$17.57 | −$20.31 | −$21.22 | −$13.17 | −$7.28 | −$3.17 | −$3.58 | −$11.10 | −$5.27 |
| Capital allocation | ||||||||||
| Dividends paid | $49.1M | $38.9M | $43.7M | $19.3M | $33.2M | $14.2M | $3.4M | $2.2M | $1.8M | $1.5M |
| Share buybacks (net) | $2.4M | $0 | $49.1M | $49.1M | $44.2M | $49.0M | $24.0M | $1.8M | $49.9M | $1.6M |
| Dividend payout ratio | 117.9% | 97.3% | 108.7% | 48.8% | 83.1% | 47.7% | 10.7% | 7.2% | 7.2% | 6.9% |
| Dividends + buybacks / free cash flow | 115.3% | 92.6% | 212.8% | 170.5% | 161.0% | 161.8% | 66.3% | 36.1% | — | — |
| Capex / revenue | 0.2% | 0.2% | 0.5% | 4.5% | 0.4% | 6.3% | 12.5% | 32.8% | 36.5% | 39.5% |
| Capex / operating cash flow | 0.4% | 0.5% | 0.9% | 8.4% | 0.6% | 9.6% | 18.1% | 68.1% | 101.3% | 102.4% |
| Capex / depreciation | 0.18 | 0.17 | 0.36 | 4.23 | 0.42 | 4.87 | 12.31 | 75.77 | 71.68 | 62.50 |
| Stock-based compensation / revenue | 2.7% | 2.4% | 2.3% | 2.0% | 1.8% | 2.0% | 2.3% | 2.7% | 2.8% | 2.7% |
| SG&A / revenue | 33.0% | 30.7% | 30.2% | 28.4% | 28.5% | 32.1% | 35.1% | 38.6% | 40.9% | 39.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 7.2 | 3.6 | 4.8 | 8.4 | 28.6 | 70.3 | 88.7 | 100.6 | 103.2 | 116.8 |
| Days of inventory on hand | 44.7 | 41.9 | 47.3 | 42.6 | 16.4 | 7.4 | 7.9 | 8.0 | 5.9 | 5.5 |
| Days payables outstanding | 190.2 | 175.3 | 157.1 | 164.0 | 147.4 | 107.5 | 96.0 | 133.8 | 120.5 | 137.6 |
| Cash conversion cycle (days) | -138.4 | -129.8 | -105.0 | -113.0 | -102.3 | -29.8 | 0.6 | -25.3 | -11.4 | -15.3 |
| Receivables turnover | 50.92 | 100.21 | 76.13 | 43.21 | 12.76 | 5.19 | 4.11 | 3.63 | 3.54 | 3.12 |
| Payables turnover | 1.92 | 2.08 | 2.32 | 2.23 | 2.48 | 3.39 | 3.80 | 2.73 | 3.03 | 2.65 |
| Inventory turnover | 8.17 | 8.72 | 7.71 | 8.57 | 22.19 | 49.08 | 46.50 | 45.63 | 61.77 | 66.69 |
| Asset turnover | 3.33 | 2.94 | 2.82 | 2.84 | 2.69 | 1.42 | 1.35 | 1.53 | 1.44 | 1.39 |
| Average receivables | $1.7M | $811,200 | $1.1M | $1.9M | $6.1M | $12.7M | $17.8M | $20.0M | $19.7M | $21.3M |
| Average payables | $1.6M | $1.6M | $1.9M | $2.1M | $1.9M | $1.4M | $1.2M | $1.7M | $1.9M | $1.7M |
| Average inventory | $380,050 | $391,850 | $578,350 | $547,900 | $215,900 | $96,300 | $96,800 | $102,350 | $92,300 | $66,350 |
| Intangibles / total assets | 11.6% | 12.1% | 12.6% | 13.0% | 2.3% | 1.9% | 1.0% | 1.3% | 2.5% | 2.5% |
Computed from WINA's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WINA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Winmark traded at 35.8 times earnings, against a 10-year median of 24.3. Based on the latest twelve months, the trailing P/E is 28.1 and the forward P/E is 14.9. It ended the year with $64.8 million of debt and $10.5 million in cash and short-term investments, net debt of $54.3 million. It returned $51.5 million to shareholders: $49.1 million in dividends and $2.4 million in share buybacks, 115% of free cash flow. The share count fell 14.9% from 4.3M to 3.7M over 9 years.
See the WINA income statement, the WINA chart for price history, or the WINA stock overview for the latest quote and news.
WINA key metrics FAQ
What is Winmark's P/E ratio?
Winmark's trailing P/E ratio is 28.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.9. At the end of fiscal 2025 it was 35.8, compared with a 10-year median of 24.3.
What is Winmark's EV/EBITDA?
Winmark's enterprise value was 27.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $56.7 million); the current EV/EBITDA is 19.4.
How much debt does Winmark have?
Winmark had total debt of $64.8 million at the end of fiscal 2025 and $54.3 million of net debt (0.96 times EBITDA).
What is Winmark's dividend yield?
Winmark's forward dividend yield is 1.30%. Winmark paid $49.1 million in dividends in fiscal 2025 ($13.33 per share), a payout ratio of 117.9%.
Does Winmark buy back its shares?
Yes. Winmark spent $2.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.5% over the year, to 3.7M..
What is Winmark's free cash flow yield?
Winmark generated $44.7 million of free cash flow in fiscal 2025, a free cash flow yield of 3.0% on its market value at year-end ($1.5 billion).
What is Winmark's current ratio?
Winmark's current ratio was 2.49 at the end of fiscal 2025: current assets were 2.49 times current liabilities.