Winmark Corporation (WINA) Stock

Winmark Corporation (WINA) is a Consumer Discretionary stock trading at $331.93 (as of 2026-07-24), with a market capitalization of $1.19B and a trailing P/E of 29.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Winmark Corporation, together with its subsidiaries, operates as a franchisor of retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round brand names. The company's Plato's Closet brand stores buys and sells used clothing and accessories for the teenage and young adult market; and Once Upon A Child brand stores buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years. Its Play It Again Sports brand stores buys, sells, trades in, and used and new sporting goods, equipment, and accessories for various athletic activities, such as team sports, fitness, ski/snowboard, golf, and others; Style Encore brand stores buys and sells used women's apparel, shoes, and accessories; and Music Go Round brand stores buys, sells, trades in, and used and new musical instruments, speakers, amplifiers, music-related electronics, and related accessories. In addition, the company is also involved in the middle-market equipment leasing business focusing on technology and business-essential equipment. As of February 23, 2022, it had 1,271 franchised stores, as well as offers its products online at musicgoround.com, playitagainsports.com, and style-encore.com. Winmark Corporation was incorporated in 1988 and is headquartered in Minneapolis, Minnesota.

Understand Winmark Corporation: how it makes money

Winmark Corporation operates franchised retail stores that buy, sell, trade, and consign used merchandise, mainly in the United States and Canada, and it earns money through its franchise model (for example, royalties) and through its leasing segment.

The business profit engine is franchising activity, because the company operates brand franchise stores and generates franchise-linked income such as royalties from those stores, while leasing is the other operating stream.

Business quality (Mixed): Segment revenue detail is not provided in the facts here, but the operating drivers for franchising (royalties, franchise counts, and territory pipeline) are available.

Valuation: At 34× earnings, WINA trades 77% above the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

  • Franchising scale and momentum: The company reports 1,383 Franchises in Operation, and it also reports 77 Additional Franchises Awarded and 79 Additional Franchises Awarded but Not Open, which points to an ongoing pipeline.
  • Operating profitability is high based on provided data: The provided financials show operating_margin_pct of 59.3 for the period ended 2026-03-28.

Bear case

  • Dependence on a franchised used-merchandise business: Winmark is a franchisor of used merchandise retail concepts, so performance can be tied to consumer demand and the supply of trade and consignment inventory for those stores.
  • Geographic concentration: Its franchised store concepts operate primarily in the United States and Canada, so changes in those markets can affect results.
  • Limited segment revenue visibility in the provided facts: The facts provided here list franchise-linked items such as Royalties Revenue, but they do not provide a clean numerical breakdown by the two official segments, Franchising and Leasing.
Valuation — source: SEC EDGAR (first-party)
Price$331.93
Market Cap$1.19B
P/E Ratio29.1
EV / EBITDA21.2
Price / Sales13.72
FCF Yield3.4%
DCF Value (model)$276.80
DCF Upside vs Price-16.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$86.06M
Net Margin48.4%
Revenue Growth (YoY)7.6%
EPS Growth (YoY)-3.3%
FCF Growth (YoY)-6.1%
Financial Health — source: SEC EDGAR
Altman Z-Score16.04 (safe)
Valuation vs Sector & Industry
Stock P/E29.1
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Retail)18.8
vs Sector35.2%
vs Industry54.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($199.40M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRetail
CEOBrett D. Heffes
Employees89
CountryUS
IPO Date1993-08-25

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WINA earnings history · WINA institutional & insider holders · WINA KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.