Tandy Leather Financials
This page shows Tandy Leather (TLF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Tandy Leather generated $74.4M in revenue in fiscal year 2024. This represents a decrease of 2.4% from the prior year.
Tandy Leather's EBITDA was $1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 67.4% from the prior year.
Tandy Leather generated $1.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 60.5% from the prior year.
Tandy Leather reported $827K in net income in fiscal year 2024. This represents a decrease of 78.1% from the prior year.
Tandy Leather earned $0.09 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 80.0% from the prior year.
Tandy Leather held $13.3M in cash against $0 in long-term debt as of fiscal year 2024.
Tandy Leather had 8M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.
Tandy Leather's gross margin was 56.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.
Tandy Leather's operating margin was 0.8% in fiscal year 2024, reflecting core business profitability. This is down 5.0 percentage points from the prior year.
Tandy Leather's net profit margin was 1.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.8 percentage points from the prior year.
Tandy Leather's ROE was 1.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.2 percentage points from the prior year.
Tandy Leather spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Tandy Leather invested $3.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 417.9% from the prior year.
TLF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.3M-2.9% | $17.8M-6.6% | $19.0M-7.0% | $20.5M+18.0% | $17.4M+0.4% | $17.3M-10.3% | $19.3M-7.5% | $20.8M |
| Cost of Revenue | $7.1M-1.5% | $7.2M-13.4% | $8.3M-13.7% | $9.6M+31.5% | $7.3M+0.8% | $7.3M-13.0% | $8.4M-10.7% | $9.4M |
| Gross Profit | $10.2M-3.8% | $10.6M-1.4% | $10.7M-1.2% | $10.8M+8.2% | $10.0M0.0% | $10.0M-8.3% | $10.9M-4.9% | $11.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$678K-1127.3% | $66K-74.8% | $262K+43.2% | $183K+168.5% | -$267K-523.8% | $63K-90.3% | $649K-63.1% | $1.8M |
| Interest Expense | $98K-43.4% | $173K-8.9% | $190K+192.3% | $65K-23.5% | $85K-12.4% | $97K+15.5% | $84K-9.7% | $93K |
| Income Tax | -$481K-2631.6% | $19K-99.5% | $4.2M+4875.0% | $84K+264.7% | -$51K-204.1% | $49K-73.1% | $182K+391.9% | $37K |
| Net Income | -$1.4M-579.4% | -$199K-101.7% | $11.6M+3378.4% | $333K+352.3% | -$132K-230.7% | $101K-80.8% | $525K-72.9% | $1.9M |
| EPS (Diluted) | $-0.17-750.0% | $-0.02-101.4% | $1.47+3575.0% | $0.04+300.0% | $-0.02-300.0% | $0.01-83.3% | $0.06-73.9% | $0.23 |
TLF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $84.5M+10.5% | $76.5M-1.8% | $77.9M+4.0% | $74.9M+2.6% | $73.0M+0.3% | $72.8M+0.5% | $72.4M+0.4% | $72.1M |
| Current Assets | $49.7M-8.8% | $54.5M-8.3% | $59.4M+17.6% | $50.5M+0.3% | $50.4M-0.8% | $50.8M+1.3% | $50.2M-2.1% | $51.3M |
| Cash & Equivalents | $12.0M-26.8% | $16.4M-30.4% | $23.6M+77.8% | $13.3M+32.0% | $10.1M-12.8% | $11.5M-6.4% | $12.3M+1.3% | $12.2M |
| Inventory | $35.9M-0.7% | $36.2M+5.4% | $34.4M-3.4% | $35.6M-6.8% | $38.1M+2.6% | $37.2M+1.4% | $36.7M-3.5% | $38.0M |
| Accounts Receivable | $304K-23.6% | $398K+32.2% | $301K-9.1% | $331K-5.7% | $351K-10.9% | $394K-6.2% | $420K+59.1% | $264K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $31.2M+52.7% | $20.4M-7.7% | $22.1M+24.5% | $17.8M+15.3% | $15.4M+1.1% | $15.3M+0.4% | $15.2M-3.8% | $15.8M |
| Current Liabilities | $9.5M-14.7% | $11.1M-15.5% | $13.2M+33.4% | $9.9M+25.4% | $7.9M-0.4% | $7.9M+0.9% | $7.8M-12.2% | $8.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $53.4M-4.9% | $56.1M+0.6% | $55.8M-2.4% | $57.2M-0.8% | $57.6M+0.1% | $57.5M+0.5% | $57.2M+1.6% | $56.3M |
| Retained Earnings | $61.8M-3.8% | $64.2M-0.3% | $64.4M-0.1% | $64.5M+0.5% | $64.2M-0.2% | $64.3M+0.2% | $64.2M+0.8% | $63.7M |
TLF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$536K | N/A | N/A | N/A | $1.1M | N/A |
| Capital Expenditures | N/A | N/A | $1.3M | N/A | N/A | N/A | $1.2M | N/A |
| Free Cash Flow | N/A | N/A | -$1.9M | N/A | N/A | N/A | -$141K | N/A |
| Investing Cash Flow | N/A | N/A | $23.6M | N/A | N/A | N/A | -$1.2M | N/A |
| Financing Cash Flow | N/A | N/A | -$12.7M | N/A | N/A | N/A | -$1K | N/A |
| Dividends Paid | N/A | N/A | $12.7M | N/A | N/A | N/A | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TLF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.9%-0.6pp | 59.5%+3.2pp | 56.3%+3.3pp | 52.9%-4.8pp | 57.8%-0.2pp | 58.0%+1.3pp | 56.6%+1.5pp | 55.1% |
| Operating Margin | -3.9%-4.3pp | 0.4%-1.0pp | 1.4%+0.5pp | 0.9%+2.4pp | -1.5%-1.9pp | 0.4%-3.0pp | 3.4%-5.1pp | 8.4% |
| Net Margin | -7.8%-6.7pp | -1.1%-62.0pp | 60.9%+59.2pp | 1.6%+2.4pp | -0.8%-1.3pp | 0.6%-2.1pp | 2.7%-6.6pp | 9.3% |
| Return on Equity | N/A | N/A | 20.8%+20.2pp | 0.6% | N/A | 0.2%-0.7pp | 0.9%-2.5pp | 3.4% |
| Return on Assets | -1.6%-1.3pp | -0.3%-15.1pp | 14.9%+14.4pp | 0.4%+0.6pp | -0.2%-0.3pp | 0.1%-0.6pp | 0.7%-2.0pp | 2.7% |
| Current Ratio | 5.22+0.3 | 4.89+0.4 | 4.51-0.6 | 5.11-1.3 | 6.39-0.0 | 6.42+0.0 | 6.39+0.7 | 5.74 |
| Debt-to-Equity | 0.58+0.2 | 0.36-0.0 | 0.40+0.1 | 0.31+0.0 | 0.270.0 | 0.270.0 | 0.27-0.0 | 0.28 |
| FCF Margin | N/A | N/A | -9.8% | N/A | N/A | N/A | -0.7% | N/A |
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
Operating income vs interest expense. Above 5x = safe, below 2x = risky.
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Frequently Asked Questions
What is Tandy Leather's annual revenue?
Tandy Leather (TLF) reported $74.4M in total revenue for fiscal year 2024. This represents a -2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tandy Leather's revenue growing?
Tandy Leather (TLF) revenue declined by 2.4% year-over-year, from $76.2M to $74.4M in fiscal year 2024.
Is Tandy Leather profitable?
Yes, Tandy Leather (TLF) reported a net income of $827K in fiscal year 2024, with a net profit margin of 1.1%.
What is Tandy Leather's earnings per share (EPS)?
Tandy Leather (TLF) reported diluted earnings per share of $0.09 for fiscal year 2024. This represents a -80.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tandy Leather's EBITDA?
Tandy Leather (TLF) had EBITDA of $1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tandy Leather's gross margin?
Tandy Leather (TLF) had a gross margin of 56.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tandy Leather's operating margin?
Tandy Leather (TLF) had an operating margin of 0.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tandy Leather's net profit margin?
Tandy Leather (TLF) had a net profit margin of 1.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tandy Leather's return on equity (ROE)?
Tandy Leather (TLF) has a return on equity of 1.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Tandy Leather's free cash flow?
Tandy Leather (TLF) generated $1.6M in free cash flow during fiscal year 2024. This represents a -60.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tandy Leather's operating cash flow?
Tandy Leather (TLF) generated $4.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tandy Leather's total assets?
Tandy Leather (TLF) had $74.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tandy Leather's capital expenditures?
Tandy Leather (TLF) invested $3.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Tandy Leather have outstanding?
Tandy Leather (TLF) had 8M shares outstanding as of fiscal year 2024.
What is Tandy Leather's current ratio?
Tandy Leather (TLF) had a current ratio of 5.11 as of fiscal year 2024, which is generally considered healthy.
What is Tandy Leather's debt-to-equity ratio?
Tandy Leather (TLF) had a debt-to-equity ratio of 0.31 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tandy Leather's return on assets (ROA)?
Tandy Leather (TLF) had a return on assets of 1.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tandy Leather's Altman Z-Score?
Tandy Leather (TLF) has an Altman Z-Score of 3.72, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.
What is Tandy Leather's Piotroski F-Score?
Tandy Leather (TLF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Tandy Leather's earnings high quality?
Tandy Leather (TLF) has an earnings quality ratio of 5.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
Can Tandy Leather cover its interest payments?
Tandy Leather (TLF) has an interest coverage ratio of 1.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.
How financially healthy is Tandy Leather?
Tandy Leather (TLF) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.