Winmark Corporation (WINA) - Net Assets
Based on the latest financial reports, Winmark Corporation (WINA) has net assets worth $-37.62 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($43.19 Million) and total liabilities ($80.81 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check WINA PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-37.62 Million |
| % of Total Assets | -87.11% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 78.54 |
Winmark Corporation - Net Assets Trend (1993–2025)
This chart illustrates how Winmark Corporation's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Winmark Corporation.
Annual Net Assets for Winmark Corporation (1993–2025)
The table below shows the annual net assets of Winmark Corporation from 1993 to 2025. Also explore how fast is Winmark Corporation growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-53.68 Million | -5.16% |
| 2024-12-31 | $-51.05 Million | +13.71% |
| 2023-12-31 | $-59.16 Million | +4.02% |
| 2022-12-31 | $-61.63 Million | -57.69% |
| 2021-12-31 | $-39.08 Million | -243.48% |
| 2020-12-31 | $-11.38 Million | -191.41% |
| 2019-12-31 | $12.45 Million | +358.88% |
| 2018-12-31 | $-4.81 Million | +84.33% |
| 2017-12-31 | $-30.68 Million | -290.71% |
| 2016-12-31 | $-7.85 Million | +74.40% |
| 2015-12-31 | $-30.67 Million | -241.95% |
| 2014-12-31 | $21.61 Million | -43.35% |
| 2013-12-31 | $38.14 Million | +112.77% |
| 2012-12-31 | $17.93 Million | -48.94% |
| 2011-12-31 | $35.11 Million | +52.56% |
| 2010-12-31 | $23.01 Million | +50.13% |
| 2009-12-31 | $15.33 Million | +10.35% |
| 2008-12-31 | $13.89 Million | +9.65% |
| 2007-12-31 | $12.67 Million | -19.59% |
| 2006-12-31 | $15.76 Million | -29.31% |
| 2005-12-31 | $22.29 Million | +3.38% |
| 2004-12-31 | $21.56 Million | +39.94% |
| 2003-12-31 | $15.41 Million | +29.45% |
| 2002-12-31 | $11.90 Million | +79.76% |
| 2001-12-31 | $6.62 Million | +90.97% |
| 2000-12-31 | $3.47 Million | +19.54% |
| 1999-12-31 | $2.90 Million | -71.57% |
| 1998-12-31 | $10.20 Million | -41.71% |
| 1997-12-31 | $17.50 Million | -1.13% |
| 1996-12-31 | $17.70 Million | -16.51% |
| 1995-12-31 | $21.20 Million | -2.30% |
| 1994-12-31 | $21.70 Million | +9.60% |
| 1993-12-31 | $19.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winmark Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 9261.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.61 Million | % |
| Total Equity | $-53.68 Million | 100.00% |
Winmark Corporation Competitors by Market Cap
The table below lists competitors of Winmark Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ho Chi Minh City Securities Corp
VN:HCM
|
$1.05 Billion |
|
Prosegur Cash S.A
MC:CASH
|
$1.05 Billion |
|
NationGate Holdings Berhad
KLSE:0270
|
$1.05 Billion |
|
Vitec Software Group AB (publ)
ST:VIT-B
|
$1.05 Billion |
|
Shaanxi Heimao Coking Co Ltd
SHG:601015
|
$1.05 Billion |
|
AMC Entertainment Holdings Inc
NYSE:AMC
|
$1.05 Billion |
|
Xinjiang Baodi Mining Co. Ltd. A
SHG:601121
|
$1.05 Billion |
|
Shenzhen WOTE Advanced Materials Co Ltd
SHE:002886
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winmark Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -51,046,100 to -53,682,400, a change of -2,636,300.
- Net income of 41,654,100 contributed positively to equity growth.
- Dividend payments of 49,112,700 reduced retained earnings.
- Share repurchases of 2,418,700 reduced equity.
- Other factors increased equity by 7,241,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.65 Million | +77.59% |
| Dividends Paid | $49.11 Million | -91.49% |
| Share Repurchases | $2.42 Million | -4.51% |
| Other Changes | $7.24 Million | +13.49% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Winmark Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $3.96 | $291.26 | x |
| 1994-12-31 | $2.95 | $291.26 | x |
| 1995-12-31 | $2.97 | $291.26 | x |
| 1996-12-31 | $2.71 | $291.26 | x |
| 1997-12-31 | $2.84 | $291.26 | x |
| 1998-12-31 | $1.75 | $291.26 | x |
| 1999-12-31 | $0.56 | $291.26 | x |
| 2000-12-31 | $0.64 | $291.26 | x |
| 2001-12-31 | $1.14 | $291.26 | x |
| 2002-12-31 | $1.96 | $291.26 | x |
| 2003-12-31 | $2.44 | $291.26 | x |
| 2004-12-31 | $3.32 | $291.26 | x |
| 2005-12-31 | $3.51 | $291.26 | x |
| 2006-12-31 | $2.62 | $291.26 | x |
| 2007-12-31 | $2.27 | $291.26 | x |
| 2008-12-31 | $2.51 | $291.26 | x |
| 2009-12-31 | $2.87 | $291.26 | x |
| 2010-12-31 | $4.42 | $291.26 | x |
| 2011-12-31 | $6.70 | $291.26 | x |
| 2012-12-31 | $3.42 | $291.26 | x |
| 2013-12-31 | $7.28 | $291.26 | x |
| 2014-12-31 | $4.14 | $291.26 | x |
| 2015-12-31 | $-6.59 | $291.26 | x |
| 2016-12-31 | $-1.81 | $291.26 | x |
| 2017-12-31 | $-7.07 | $291.26 | x |
| 2018-12-31 | $-1.16 | $291.26 | x |
| 2019-12-31 | $3.04 | $291.26 | x |
| 2020-12-31 | $-2.95 | $291.26 | x |
| 2021-12-31 | $-10.26 | $291.26 | x |
| 2022-12-31 | $-17.16 | $291.26 | x |
| 2023-12-31 | $-16.25 | $291.26 | x |
| 2024-12-31 | $-13.92 | $291.26 | x |
| 2025-12-31 | $-14.57 | $291.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winmark Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.40%
- • Asset Turnover: 3.46x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (18.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 1.52% | 0.58% | 1.63x | 1.61x | $-1.68 Million |
| 1994 | 6.45% | 1.67% | 2.11x | 1.82x | $-770.00K |
| 1995 | 9.43% | 2.00% | 2.95x | 1.60x | $-120.00K |
| 1996 | 14.69% | 2.84% | 3.13x | 1.65x | $830.00K |
| 1997 | 18.29% | 3.60% | 2.35x | 2.16x | $1.45 Million |
| 1998 | 70.59% | 7.47% | 2.24x | 4.23x | $6.18 Million |
| 1999 | -296.55% | -12.91% | 2.25x | 10.21x | $-8.89 Million |
| 2000 | -10.12% | -0.74% | 3.23x | 4.25x | $-697.38K |
| 2001 | 48.30% | 8.86% | 2.94x | 1.86x | $2.54 Million |
| 2002 | 32.17% | 11.46% | 2.07x | 1.36x | $2.64 Million |
| 2003 | 26.05% | 12.84% | 1.63x | 1.24x | $2.47 Million |
| 2004 | 18.93% | 15.01% | 1.10x | 1.15x | $1.93 Million |
| 2005 | 9.42% | 7.90% | 1.00x | 1.19x | $-128.69K |
| 2006 | 21.72% | 12.50% | 0.73x | 2.39x | $1.85 Million |
| 2007 | 24.03% | 9.77% | 0.55x | 4.50x | $1.78 Million |
| 2008 | 8.20% | 3.22% | 0.61x | 4.18x | $-249.72K |
| 2009 | 38.16% | 15.68% | 0.66x | 3.71x | $4.32 Million |
| 2010 | 44.88% | 25.07% | 0.98x | 1.83x | $8.03 Million |
| 2011 | 40.15% | 27.46% | 1.08x | 1.36x | $10.58 Million |
| 2012 | 72.17% | 24.91% | 1.19x | 2.43x | $11.15 Million |
| 2013 | 47.80% | 32.71% | 1.05x | 1.39x | $14.42 Million |
| 2014 | 92.86% | 32.80% | 1.12x | 2.53x | $17.91 Million |
| 2015 | 0.00% | 31.39% | 1.46x | 0.00x | $24.87 Million |
| 2016 | 0.00% | 33.37% | 1.37x | 0.00x | $23.00 Million |
| 2017 | 0.00% | 35.22% | 1.44x | 0.00x | $27.63 Million |
| 2018 | 0.00% | 41.55% | 1.55x | 0.00x | $30.61 Million |
| 2019 | 258.26% | 43.86% | 1.19x | 4.97x | $30.90 Million |
| 2020 | 0.00% | 45.14% | 2.11x | 0.00x | $30.96 Million |
| 2021 | 0.00% | 51.04% | 2.91x | 0.00x | $43.83 Million |
| 2022 | 0.00% | 48.43% | 2.67x | 0.00x | $45.59 Million |
| 2023 | 0.00% | 48.27% | 2.92x | 0.00x | $46.09 Million |
| 2024 | 0.00% | 49.15% | 3.03x | 0.00x | $45.06 Million |
| 2025 | 0.00% | 48.40% | 3.46x | 0.00x | $47.02 Million |
Industry Comparison
This section compares Winmark Corporation's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $406,704,942
- Average return on equity (ROE) among peers: 13.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winmark Corporation (WINA) | $-37.62 Million | 1.52% | N/A | $1.05 Billion |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $5.53 Million | 142.89% | 8.87x | $23.78 Million |
| Arhaus Inc (ARHS) | $-34.44 Million | 0.00% | 0.00x | $486.61 Million |
| Arko Corp (ARKO) | $380.89 Million | 18.84% | 7.55x | $474.55 Million |
| Academy Sports Outdoors Inc (ASO) | $1.47 Billion | 45.77% | 2.13x | $2.77 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $74.35 Million |
| Build-A-Bear Workshop Inc (BBW) | $94.31 Million | -19.01% | 0.82x | $325.47 Million |
| Bath & Body Works Inc. (BBWI) | $-727.00 Million | 0.00% | 0.00x | $3.43 Billion |
| Best Buy Co. Inc (BBY) | $2.52 Billion | 22.61% | 1.93x | $17.28 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $75.67 Million | 36.39% | 3.66x | $33.00 Million |
| Barnes & Noble Education Inc (BNED) | $80.40 Million | -94.22% | 10.32x | $388.35 Million |
About Winmark Corporation
Winmark Corporation, a resale company, operates as a franchisor in the United States and Canada. It is involved in the operation of Plato's Closet, which franchisees buy and sell gently used clothing and accessories for the teenage and young adult market; Once Upon A Child, which franchisees buy and sell gently used and, to a lesser extent, new children's clothing, toys, furniture, equipment, and… Read more