Winmark Corp Reports Strong FY2025 Results, $49.1M Dividends, and Completes Leasing Portfolio Run-Off
WINA sits 47% above its 52-week low of $295.785 on light trading volume (0.4× avg).
Summary
Winmark Corporation filed its annual 10-K, confirming robust fiscal year 2025 financial results with increased net income and revenue, significant cash dividends, and the successful completion of its equipment leasing business run-off.
Key Events · Earnings and Guidance · WINA
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Strong Financial Performance Confirmed
Net income for fiscal year 2025 increased by 4.25% to $41.65 million, and total revenue rose by 5.86% to $86.06 million, consistent with prior preliminary reports.
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Significant Shareholder Returns
The company paid $49.1 million in cash dividends during 2025, including a $10.00 per share special dividend, and repurchased $2.4 million of common stock.
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Leasing Portfolio Run-Off Completed
Winmark successfully completed the orderly run-off of its equipment leasing business, with no remaining leasing customers or assets as of December 27, 2025, simplifying its operational focus.
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Healthy Franchise Growth and Retention
The company reported a net increase of 28 franchised stores in 2025 (55 opened, 27 closed) and maintained a high franchise agreement renewal rate of 98%.
Analysis · WINA · Trade & Services
Winmark Corporation's annual 10-K filing confirms a strong fiscal year 2025, with net income increasing by 4.25% and total revenue rising by 5.86%. These results align with previously disclosed preliminary figures, providing comprehensive audited financial details. The company demonstrated a significant commitment to shareholder returns by distributing $49.1 million in cash dividends, including a substantial $10.00 per share special dividend, and repurchasing $2.4 million of its common stock. A key strategic development is the successful completion of the run-off of its equipment leasing portfolio, simplifying its business model. The franchising segment also showed healthy growth with a net increase of 28 stores and a high 98% renewal rate for franchise agreements.
At the time of this filing, WINA was trading at $435.14 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $295.79 to $527.37. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.