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Franchises resale retail concepts (Plato's Closet, Play It Again Sports, Once Upon A Child) buying and reselling used goods.
Franchises resale retail concepts (Plato's Closet, Play It Again Sports, Once Upon A Child) buying and reselling used goods.
As a franchisor it is paid royalties on its franchisees' sales rather than selling goods itself, so profit grows with store counts and same-store sales without owning inventory. A small leasing business finances equipment as a separate line.
Moat: narrow (brand, network effects, scale). Established resale brand names and buy-sell-trade playbook are hard for new entrants to replicate at scale.
Headquarters: Minneapolis, Minnesota, US · Founded: 1988 · Employees: 87
Size Winmark (WINA) is a United States Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $944M, the 2286th largest of 3,117 United States companies the cockpit tracks. Shares closed at $265.23 on 6 Nov 2026.
Performance Over six months the shares fell 29.0%, against -6.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 8.6% over the last twelve months (peer median +5.0%); the operating margin is 59.7% (peer median 6.7%).
Valuation It trades at 23.9× forward earnings against a peer median of 14.6× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Backlog Backlog (remaining performance obligations) was $10.1M at 26 Sep 2026, up 1% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 9.8% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $91.8M | $86.1M | $81.3M | $83.2M | $81.4M |
| Revenue growth | — | +6% | -2% | +2% | — |
| Gross profit | $88.6M | $83.0M | $77.9M | $78.4M | $76.7M |
| EBITDA | $55.9M | $55.7M | $54.0M | $54.3M | $54.5M |
| Net income | $41.4M | $41.7M | $40.0M | $40.2M | $39.4M |
| Free cash flow | $43.8M | $44.7M | $42.0M | $43.6M | $43.7M |
| Capital expenditure | $2.57M | $192,300 | $194,900 | $383,900 | $3.68M |
| Total debt | $62.5M | $63.1M | $63.7M | $73.4M | $78.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Winmark WINA | $944M | -29% | +9% | 60% | 23.9× | 7.7% |
| GameStop GME | $12.7B | +3% | -8% | 14% | 25.4× | 18.7% |
| thredUP TDUP | n/a | +26% | n/a | n/a | n/a | n/a |
| RealReal REAL | $1.61B | +25% | +18% | 0% | 47.8× | n/a |
| Savers Value Village SVV | $1.52B | +22% | +10% | 8% | 18.2× | 12.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WINA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.1% | +2.9% | 4th lowest of 21 |
| 6-month return | -29.0% | -6.6% | 6th lowest of 20 |
| Distance from 52-week high | -45.7% | -26.1% | 6th lowest of 21 |
| Revenue growth (TTM) | +8.6% | +5.0% | 8th highest of 21 |
| Operating margin | 59.7% | 6.7% | highest of 20 |
| Forward P/E | 23.9× | 14.6× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 7.7% | -1.6% | 7th most demanding of 16 |
| Growth delivered (Del g) | +5.4% | +8.5% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | +2.3 pp | -11.3 pp | 2nd most demanding of 15 |
| EV / EBITDA | 17.5× | 7.1× | 2nd most expensive of 18 |
| Net debt / EBITDA | 0.6× | 1.9× | 8th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Winmark WINA | United States | $944M | -29% | +9% | 60% | 23.9× | 7.7% | +5.4% |
| AOKI 8214.T | Japan | $912M | +10% | 0% | 8% | n/a | -5.3% | +6.3% |
| AND ST HD 2685.T | Japan | $900M | +2% | +3% | 6% | 12.0× | -15.3% | +10.6% |
| Aditya Birla Lifestyle Brands ABLBL.NS | India | $995M | -35% | +7% | 7% | 32.4× | 22.2% | n/a |
| Brainbees Solutions FIRSTCRY.NS | India | $883M | -33% | +12% | -2% | 194.4× | 20.1% | +39.8% |
| Topsports International 6110.HK | Hong Kong | $882M | -62% | -3% | 5% | 6.1× | -20.9% | -7.2% |
| Reformation REF | United States | $1.07B | n/a | +16% | 6% | 57.7× | n/a | n/a |
| Carter's CRI | United States | $1.17B | -9% | +5% | 10% | 9.9× | -13.2% | -0.8% |
| Nishimatsuya Chain 7545.T | Japan | $725M | -6% | +5% | 5% | 13.8× | -21.2% | +3.9% |
| AOYAMA TRADING 8219.T | Japan | $704M | -7% | -2% | 6% | 13.3× | -1.6% | +3.2% |
| V2 Retail V2RETAIL.NS | India | $672M | -20% | +49% | 9% | 20.2× | n/a | n/a |
| Redtape REDTAPE.NS | India | $624M | -18% | +14% | 14% | n/a | 10.2% | +18.1% |
| RVRC RVRC.ST | Sweden | $596M | -1% | +5% | 21% | 14.4× | 7.6% | +17.6% |
| Premier Investments PMV.AX | Australia | $1.57B | +22% | -3% | 14% | 14.9× | 9.4% | -11.0% |
| PAL 2726.T | Japan | $1.58B | -4% | +7% | 11% | 13.6× | -15.4% | +16.7% |
| boohoo DEBS.L | United Kingdom | $526M | +46% | +120% | 0% | 29.6× | n/a | n/a |
| OVS OVS.MI | Italy | $1.74B | +15% | +10% | 7% | 14.8× | 12.8% | +11.4% |
| Aditya Birla Fashion and Retail ABFRL.NS | India | $503M | -42% | -27% | -8% | n/a | n/a | n/a |
| Arvind Fashions ARVINDFASN.NS | India | $486M | -25% | +13% | 8% | 26.8× | 16.6% | +22.5% |
| Shenzhen Pengfei Green Energy Development 002356.SZ | China | $458M | -29% | -23% | n/a | n/a | n/a | n/a |
| Lindex LINDEX.HE | Finland | $456M | +16% | +4% | 7% | 12.4× | -7.2% | +3.8% |
Winmark reported $10.1M of remaining performance obligations at 26 Sep 2026, up 1% from a year earlier and flat from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.