What is Tandy Leather Factory, Inc.'s earnings per share (EPS)?

Tandy Leather Factory, Inc. (TLF) reported diluted earnings per share of $1.10 for fiscal year 2025. This represents a 1122.2% 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.

Tandy Leather Factory, Inc. (TLF) Financials

TLF

Trailing 12 months to June 30, 2026

Revenue $77.2M +3.4% YoY

Net Income -$1.5M -112.8% YoY

EPS (Diluted) -$0.17 -112.7% YoY

Free Cash Flow -$2.3M +65.8% YoY

Market Cap $20.4M as of Oct 9, 2026

Price / Sales 0.3x on $77.2M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.4x on $47.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 11, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TLF SEC filings page.

Tandy Leather Factory, Inc. (TLF) reported $77.2M in revenue over the twelve months to Jun 30, 2026, up 3.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI TLF FY2025 2026-10-03

FY2025 profit was not operating-driven: revenue held near $76.3M, while operating cash flow turned negative and liabilities rose.

FY2025 reported a $9.1M net profit despite an operating loss of $963K, so profit was not generated by core operations. Cash conversion also failed: operating cash flow was -$556K while free cash flow was -$8.1M after capital spending, indicating that reported earnings did not become cash.

Gross margin was 57.0% in FY2025 versus 56.2% in FY2024, but operating margin moved from 0.8% to -1.3%. This spread shows the weakness emerged below gross profit rather than in the direct economics of merchandise.

The current ratio was 5.2x, indicating substantial short-term asset coverage relative to current obligations. Total liabilities rose from $17.8M in FY2024 to $34.0M in FY2025, while the reported debt-to-equity ratio reached 0.6x, signaling a more leveraged balance-sheet posture.

Financial Health Signals

Financial Health Score 44/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Tandy Leather Factory, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Tandy Leather Factory, Inc. has an operating margin of -1.3%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 35/100. This is down from 0.8% the prior year.

Growth

Tandy Leather Factory, Inc.'s revenue grew a modest 2.6% year-over-year to $76.3M. This slow but positive growth earns a score of 31/100.

Leverage

Tandy Leather Factory, Inc. has a moderate D/E ratio of 0.65. This balance of debt and equity financing earns a leverage score of 56/100.

Liquidity

With a current ratio of 5.16, Tandy Leather Factory, Inc. holds $5.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Cash Flow

Tandy Leather Factory, Inc.'s operations used $556K of cash, and capex of $7.5M added to the outflow, for a free cash flow shortfall of $8.1M. This results in a cash flow score of 18/100.

Returns

Tandy Leather Factory, Inc.'s ROE of 17.3% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 1.5% the prior year.

Altman Z-Score Grey Zone

2.75

Tandy Leather Factory, Inc. scores 2.75, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Tandy Leather Factory, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

$0.06used

For every $1 of reported earnings, Tandy Leather Factory, Inc. used $0.06 of operating cash (-$556K OCF vs $9.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

Tandy Leather Factory, Inc. reported an operating loss of $963K against $552K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$18.0M

YoY+1.5%

QoQ-8.2%

5Y CAGR-0.6%

10Y CAGR-0.8%

Tandy Leather Factory, Inc. generated $18.0M in revenue in Q2 2026. This represents an increase of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 8.2%.

Net Income

$409K

YoY+305.5%

QoQ+84.2%

5Y CAGR-5.4%

10Y CAGR-13.9%

Tandy Leather Factory, Inc. reported $409K in net income in Q2 2026. This represents an increase of 305.5% from the same quarter a year earlier. Against the prior quarter it is up 84.2%.

EPS (Diluted)

$0.05

YoY+350.0%

QoQ+66.7%

5Y CAGR-3.6%

10Y CAGR-12.5%

Tandy Leather Factory, Inc. earned $0.05 per diluted share (EPS) in Q2 2026. This represents an increase of 350.0% from the same quarter a year earlier. Against the prior quarter it is up 66.7%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$3.7M

YoY+49.4%

QoQ-1255.5%

Tandy Leather Factory, Inc. recorded an outflow of $3.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 49.4% from the same quarter a year earlier. Against the prior quarter it is down 1255.5%.

Cash & Debt

$6.4M

YoY-60.8%

QoQ-36.3%

5Y CAGR+2.4%

10Y CAGR-4.2%

Tandy Leather Factory, Inc. held $6.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

YoY+1.5%

QoQ+0.6%

5Y CAGR-1.1%

Tandy Leather Factory, Inc. had 8M shares outstanding in Q2 2026. This represents an increase of 1.5% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

64.8%

YoY+5.3pp

QoQ+3.8pp

5Y change+4.0pp

10Y change-1.1pp

Tandy Leather Factory, Inc.'s gross margin was 64.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.8 percentage points.

Operating Margin

3.0%

YoY+2.6pp

QoQ+1.1pp

5Y change-0.9pp

Tandy Leather Factory, Inc.'s operating margin was 3.0% in Q2 2026, reflecting core business profitability. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Net Margin

2.3%

YoY+3.4pp

QoQ+1.1pp

5Y change-0.6pp

10Y change-7.0pp

Tandy Leather Factory, Inc.'s net profit margin was 2.3% in Q2 2026, showing the share of revenue converted to profit. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

0.9%

YoY+1.2pp

QoQ+0.4pp

5Y change-0.2pp

10Y change-2.7pp

Tandy Leather Factory, Inc.'s ROE was 0.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

Capital Expenditures

$415K

YoY-88.7%

QoQ-29.3%

5Y CAGR+34.0%

10Y CAGR+3.6%

Tandy Leather Factory, Inc. invested $415K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 88.7% from the same quarter a year earlier. Against the prior quarter it is down 29.3%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

TLF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TLF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$77.2M	$76.3M+2.6%	$74.4M-2.4%	$76.2M-5.1%	$80.3M-2.8%	$82.7M+29.0%	$64.1M-14.5%	$74.9M-10.0%	$83.2M+0.9%	$82.4M-0.6%	$82.9M-1.5%	$84.2M+0.9%	$83.4M+6.6%	$78.3M+7.7%	$72.7M+10.0%	$66.1M
Cost of Revenue	$31.3M	$32.8M+0.6%	$32.6M+4.9%	$31.1M-8.2%	$33.8M-5.1%	$35.7M+27.2%	$28.0M-15.0%	$33.0M+2.2%	$32.3M-3.2%	$33.3M+6.8%	$31.2M-2.7%	$32.1M+2.5%	$31.3M+8.1%	$29.0M+8.0%	$26.8M+4.1%	$25.8M
Gross Profit	$45.9M	$43.5M+4.2%	$41.8M-7.4%	$45.2M-2.9%	$46.5M-1.1%	$47.0M+30.3%	$36.1M-14.1%	$42.0M-17.6%	$50.9M+3.8%	$49.1M-5.1%	$51.7M-0.7%	$52.1M-0.1%	$52.1M+5.7%	$49.3M+7.5%	$45.9M+13.8%	$40.3M
Operating Income	-$383K	-$963K-253.3%	$628K-85.8%	$4.4M+217.7%	$1.4M-39.7%	$2.3M+136.2%	-$6.3M-144.4%	-$2.6M-143.6%	$6.0M-6.5%	$6.4M-38.1%	$10.3M-1.7%	$10.5M-12.4%	$12.0M+6.1%	$11.3M+23.2%	$9.1M+18.7%	$7.7M
EBITDA	N/A	-$63K-103.4%	$1.8M-67.4%	$5.6M+116.8%	$2.6M-23.9%	$3.4M+163.6%	-$5.3M-496.2%	-$897K-111.6%	$7.8M-6.0%	$8.3M-31.3%	$12.0M-0.2%	$12.0M-10.1%	$13.4M+7.5%	$12.5M+22.0%	$10.2M+17.1%	$8.7M
Interest Expense	$364K	$552K+66.8%	$331K+255.9%	$93K+933.3%	$9K-43.8%	$16K+128.6%	$7K-80.6%	$36K-88.2%	$305K+48.4%	$206K+32.5%	$155K-53.0%	$330K+46.3%	$226K+9.1%	$207K-14.2%	$241K-3.1%	$249K
Income Tax	-$641K	$3.2M+1111.4%	$264K-66.0%	$777K+329.3%	$181K-78.4%	$839K+160.9%	-$1.4M-99.7%	-$690K-138.0%	$1.8M-53.0%	$3.9M+1.6%	$3.8M-0.4%	$3.8M-6.9%	$4.1M+3.7%	$4.0M+18.1%	$3.3M+20.2%	$2.8M
Net Income	-$1.5M	$9.1M+1000.6%	$827K-78.2%	$3.8M+208.6%	$1.2M-9.4%	$1.4M+127.6%	-$4.9M-157.5%	-$1.9M-143.3%	$4.4M+77.5%	$2.5M-61.3%	$6.4M0.0%	$6.4M-16.9%	$7.7M+6.1%	$7.3M+29.8%	$5.6M+17.7%	$4.8M
EPS (Basic)	N/A	$1.11+1010.0%	$0.10-77.8%	$0.45+200.0%	$0.15-6.3%	$0.16+129.6%	-$0.54-157.1%	-$0.21-143.8%	$0.48+77.8%	$0.27-60.9%	$0.69+7.8%	$0.64-15.8%	$0.76+7.0%	$0.71+29.1%	$0.55+17.0%	$0.47
EPS (Diluted)	-$0.17	$1.10+1122.2%	$0.09-80.0%	$0.45+200.0%	$0.15-6.3%	$0.16+129.6%	-$0.54-157.1%	-$0.21-143.8%	$0.48+77.8%	$0.27-60.9%	$0.69+9.5%	$0.63-16.0%	$0.75+5.6%	$0.71+29.1%	$0.55+17.0%	$0.47
Diluted Shares (Avg)	N/A	8M-5.9%	9M+4.9%	8M-0.3%	8M-3.7%	9M-3.8%	9M+1.0%	9M-2.5%	9M-0.4%	9M-0.8%	9M-7.7%	10M-1.4%	10M+0.2%	10M+0.4%	10M-0.1%	10M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$18.0M+1.5%	$19.7M+3.2%	$22.3M+8.7%	$17.3M-0.5%	$17.8M+2.8%	$19.0M-1.2%	$20.5M-1.8%	$17.4M-1.1%
Cost of Revenue	$6.3M-11.8%	$7.7M-7.9%	$10.2M+5.6%	$7.1M-3.2%	$7.2M-0.9%	$8.3M-0.4%	$9.6M+2.9%	$7.3M+11.0%
Gross Profit	$11.7M+10.6%	$12.0M+11.9%	$12.1M+11.4%	$10.2M+1.5%	$10.6M+5.5%	$10.7M-1.8%	$10.8M-5.6%	$10.0M-8.4%
Operating Income	$543K+722.7%	$365K+39.3%	-$613K-435.0%	-$678K-153.9%	$66K+4.8%	$262K-59.6%	$183K-89.6%	-$267K-130.3%
Interest Expense	$89K-48.6%	$86K-54.7%	$91K+40.0%	$98K+15.3%	$173K+78.4%	$190K+126.2%	$65K-30.1%	$85K
Income Tax	$213K+1021.1%	$146K-96.5%	-$519K-717.9%	-$481K-843.1%	$19K-61.2%	$4.2M+2196.2%	$84K+127.0%	-$51K-125.4%
Net Income	$409K+305.5%	$222K-98.1%	-$732K-319.8%	-$1.4M-924.2%	-$199K-297.0%	$11.4M+2068.6%	$333K-83.0%	-$132K-120.8%
EPS (Basic)	$0.05+350.0%	$0.03-97.8%	-$0.09-325.0%	-$0.17-750.0%	-$0.02-300.0%	$1.36+2166.7%	$0.04-82.6%	-$0.02-125.0%
EPS (Diluted)	$0.05+350.0%	$0.03-97.8%	-$0.08-366.7%	-$0.17-750.0%	-$0.02-300.0%	$1.35+2150.0%	$0.03-87.0%	-$0.02-125.0%
Diluted Shares (Avg)	8M-4.0%	8M-5.7%	N/A	8M-3.3%	8M-0.1%	9M+1.1%	N/A	8M+0.2%

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EBITDA.

TLF Balance Sheet

TLF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$86.6M+15.6%	$74.9M+3.9%	$72.1M+5.2%	$68.6M-6.2%	$73.1M-3.4%	$75.7M-5.5%	$80.1M+4.3%	$76.8M+5.4%	$72.9M+3.1%	$70.7M+9.4%	$64.6M+2.8%	$62.9M+11.5%	$56.4M+14.9%	$49.1M+7.9%	$45.5M
Current Assets	$50.6M+0.1%	$50.5M-1.4%	$51.3M+8.5%	$47.3M-6.3%	$50.4M-1.1%	$51.0M-2.9%	$52.5M-12.2%	$59.8M+9.1%	$54.8M+2.8%	$53.3M+12.9%	$47.2M+1.9%	$46.4M+14.3%	$40.5M+13.7%	$35.7M+5.9%	$33.7M
Cash & Equivalents	$16.1M+21.2%	$13.3M+9.1%	$12.2M+52.5%	$8.0M-21.5%	$10.2M-1.7%	$10.3M-35.1%	$15.9M-33.9%	$24.1M+33.1%	$18.1M+7.2%	$16.9M+53.8%	$11.0M+3.1%	$10.6M-4.0%	$11.1M+43.8%	$7.7M-28.4%	$10.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0-100.0%	$9.2M	$0	$0	$0	$0	$0	$0	$0-100.0%	$424K
Inventory	$33.2M-6.5%	$35.6M-6.4%	$38.0M-0.6%	$38.2M+0.4%	$38.1M+3.5%	$36.8M+53.0%	$24.0M-27.8%	$33.3M-3.6%	$34.5M+4.1%	$33.2M-1.2%	$33.6M+2.2%	$32.9M+25.0%	$26.3M+1.7%	$25.9M+29.7%	$19.9M
Accounts Receivable	$425K+28.4%	$331K+10.3%	$300K-25.0%	$400K-33.3%	$600K+50.0%	$400K-2.2%	$409K+0.2%	$408K-11.5%	$461K-17.8%	$561K+1.4%	$553K-11.5%	$625K-18.0%	$762K-7.3%	$823K-38.1%	$1.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$955K-0.8%	$963K+0.7%	$956K+0.3%	$953K-1.9%	$972K-1.0%	$982K-0.9%	$991K+0.4%	$987K
Total Liabilities	$34.0M+91.6%	$17.8M+12.6%	$15.8M-7.8%	$17.1M-20.7%	$21.6M-8.1%	$23.5M-0.8%	$23.7M+28.1%	$18.5M+9.0%	$17.0M-6.3%	$18.1M+32.8%	$13.6M-0.8%	$13.8M+16.8%	$11.8M+1.8%	$11.6M+4.5%	$11.1M
Current Liabilities	$9.8M-0.9%	$9.9M+10.7%	$8.9M+0.7%	$8.9M-27.3%	$12.2M-5.5%	$12.9M+5.6%	$12.2M+51.5%	$8.1M-4.1%	$8.4M+2.2%	$8.2M-1.0%	$8.3M-19.5%	$10.4M+26.7%	$8.2M+4.0%	$7.9M+10.6%	$7.1M
Non-Current Liabilities	$24.2M+207.5%	$7.9M+15.0%	$6.9M-16.9%	$8.2M-12.1%	$9.4M-11.3%	$10.6M-7.7%	$11.5M+10.0%	$10.4M+21.9%	$8.6M-13.3%	$9.9M+85.9%	$5.3M+56.1%	$3.4M-5.8%	$3.6M-2.7%	$3.7M-6.4%	$4.0M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$336K-24.7%	$446K	$0-100.0%	$8.4M+25.0%	$6.8M0.0%	$6.8M+94.2%	$3.5M+79.3%	$1.9M-19.0%	$2.4M-17.4%	$2.9M-6.5%	$3.1M
Total Equity	$52.6M-8.0%	$57.2M+1.4%	$56.3M+9.5%	$51.5M-0.1%	$51.5M-1.3%	$52.2M-7.5%	$56.4M-3.2%	$58.3M+4.3%	$55.9M+6.4%	$52.5M+3.1%	$51.0M+3.8%	$49.1M+10.1%	$44.6M+18.9%	$37.5M+9.0%	$34.4M
Retained Earnings	$60.8M-5.6%	$64.5M+1.3%	$63.7M+6.3%	$59.9M+2.1%	$58.7M+2.4%	$57.3M-7.9%	$62.2M-3.5%	$64.5M+7.3%	$60.1M+1.0%	$59.5M+12.1%	$53.1M+13.7%	$46.7M+12.4%	$41.5M+21.2%	$34.2M+9.8%	$31.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$81.6M+6.6%	$81.5M+4.6%	$86.6M+15.6%	$84.5M+15.8%	$76.5M+5.1%	$77.9M+7.6%	$74.9M+3.9%	$73.0M+6.4%
Current Assets	$44.5M-18.3%	$44.9M-24.4%	$50.6M+0.1%	$49.7M-1.4%	$54.5M+7.2%	$59.4M+18.5%	$50.5M-1.4%	$50.4M+4.6%
Cash & Equivalents	$6.4M-60.8%	$10.1M-57.2%	$16.1M+21.2%	$12.0M+19.5%	$16.4M+42.4%	$23.6M+91.6%	$13.3M+9.1%	$10.1M+16.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$37.1M+2.4%	$33.7M-1.9%	$33.2M-6.5%	$35.9M-5.8%	$36.2M-2.7%	$34.4M-6.3%	$35.6M-6.4%	$38.1M-1.1%
Accounts Receivable	$304K-23.6%	$313K+4.0%	$425K+28.4%	$304K-13.4%	$398K+1.0%	$301K-28.3%	$331K+10.3%	$351K+19.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$34.6M+68.1%	$35.0M+56.9%	$34.0M+91.6%	$31.2M+102.1%	$20.6M+35.1%	$22.3M+46.9%	$17.8M+12.6%	$15.4M+2.6%
Current Liabilities	$9.8M-12.3%	$10.6M-19.5%	$9.8M-0.9%	$9.5M+20.6%	$11.1M+40.7%	$13.2M+68.1%	$9.9M+10.7%	$7.9M+3.2%
Non-Current Liabilities	$24.9M+162.8%	$24.4M+167.3%	$24.2M+207.5%	$21.7M+187.3%	$9.5M+29.0%	$9.1M+24.2%	$7.9M+15.0%	$7.5M+2.0%
Total Equity	$47.0M-16.0%	$46.5M-16.4%	$52.6M-8.0%	$53.4M-7.4%	$55.9M-2.8%	$55.6M-2.9%	$57.2M+1.4%	$57.6M+7.4%
Retained Earnings	$55.4M-13.7%	$55.0M-14.6%	$60.8M-5.6%	$61.8M-3.7%	$64.2M-0.1%	$64.4M+0.4%	$64.5M+1.3%	$64.2M+3.9%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

TLF Cash Flow Statement

TLF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.2M	-$556K-112.2%	$4.5M+0.2%	$4.5M+293.2%	$1.2M-68.9%	$3.7M+129.7%	-$12.5M-219.6%	$10.5M+34.7%	$7.8M+215.2%	$2.5M-68.1%	$7.7M-5.8%	$8.2M+596.2%	$1.2M-84.4%	$7.5M+294.0%	$1.9M-70.9%	$6.6M
Depreciation & Amortization	N/A	$900K-25.0%	$1.2M0.0%	$1.2M0.0%	$1.2M+9.1%	$1.1M+10.0%	$1.0M-41.2%	$1.7M-5.4%	$1.8M-4.2%	$1.9M+9.1%	$1.7M+9.7%	$1.6M+9.1%	$1.4M+20.3%	$1.2M+11.8%	$1.1M+5.1%	$1.0M
Stock-Based Compensation	N/A	$484K-11.7%	$548K-28.8%	$770K-27.4%	$1.1M+33.0%	$797K-10.1%	$887K+15.2%	$770K+135.0%	$328K+36.7%	$240K+19.9%	$200K+37.5%	$145K+114.3%	$68K+480.3%	$12K+16.9%	$10K-69.8%	$33K
Capital Expenditures	$3.5M	$7.5M+152.7%	$3.0M+417.9%	$576K-9.3%	$635K-36.6%	$1.0M-23.8%	$1.3M+388.1%	$269K-75.3%	$1.1M-35.7%	$1.7M-0.3%	$1.7M-21.5%	$2.2M-1.8%	$2.2M-41.5%	$3.8M+40.3%	$2.7M+144.1%	$1.1M
Free Cash Flow	-$2.3M	-$8.1M-617.1%	$1.6M-60.5%	$4.0M+663.2%	$519K-80.9%	$2.7M+119.6%	-$13.8M-235.7%	$10.2M+52.6%	$6.7M+763.7%	$774K-87.2%	$6.0M-0.2%	$6.0M+687.9%	-$1.0M-127.2%	$3.8M+588.1%	-$772K-114.1%	$5.5M
Investing Cash Flow	-$3.5M	$17.4M+682.0%	-$3.0M-417.9%	-$576K+7.8%	-$625K+37.6%	-$1.0M-116.0%	$6.3M+168.3%	-$9.2M-763.5%	-$1.1M+36.0%	-$1.7M-7.2%	-$1.5M+28.5%	-$2.2M+0.4%	-$2.2M+42.4%	-$3.8M-67.1%	-$2.3M-2318.1%	$102K
Financing Cash Flow	-$7.4M	-$14.1M-1410700.0%	-$1K+96.2%	-$26K+98.8%	-$2.2M+21.8%	-$2.8M-767.5%	$416K+104.3%	-$9.7M-16929.4%	-$57K-137.8%	$151K+259.4%	-$95K+98.3%	-$5.7M-1143.2%	$547K+239.5%	-$392K+85.6%	-$2.7M-1242.0%	-$203K
Dividends Paid	$6.1M	$12.7M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.5M	N/A	$2.5M	N/A
Share Buybacks	N/A	$1.4M	$0-100.0%	$11K-99.4%	$1.8M-34.3%	$2.7M	$0-100.0%	$735K-55.5%	$1.7M	$0-100.0%	$3.7M-0.9%	$3.7M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$3.3M+9.3%	$906K+269.0%	$5.0M+10.4%	-$1.4M-160.6%	-$3.6M-601.6%	-$536K-149.4%	$4.5M+35.3%	-$535K+52.4%
Stock-Based Compensation	N/A	$93K0.0%	N/A	N/A	N/A	$93K-52.8%	N/A	N/A
Capital Expenditures	$415K-88.7%	$587K-55.9%	$947K+41.8%	$1.6M+77.5%	$3.7M+1733.3%	$1.3M+8.5%	$668K+176.0%	$887K+454.4%
Free Cash Flow	-$3.7M+49.4%	$319K+117.1%	$4.0M+4.9%	-$3.0M-108.7%	-$7.3M-919.7%	-$1.9M-1224.1%	$3.8M+24.3%	-$1.4M-10.7%
Investing Cash Flow	-$415K+88.7%	-$587K-102.5%	-$947K-41.8%	-$1.6M-77.5%	-$3.7M-1733.3%	$23.6M+2020.6%	-$668K-176.0%	-$887K-454.4%
Financing Cash Flow	$0+100.0%	-$6.2M+51.4%	$107K	-$1.3M	-$176K	-$12.7M-1274400.0%	$0+100.0%	$0+100.0%
Dividends Paid	$0	$6.1M-52.5%	$0	$0	$0	$12.7M	$0	$0
Share Buybacks	N/A	N/A	-$107K	$1.3M	N/A	N/A	$0	$0-100.0%

Not reported in any period shown, so not listed: Depreciation & Amortization.

TLF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TLF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	57.0%+0.9pp	56.2%-3.1pp	59.3%+1.4pp	57.9%+1.0pp	56.9%+0.6pp	56.3%+0.3pp	56.0%-5.2pp	61.2%+1.7pp	59.6%-2.8pp	62.4%+0.5pp	61.9%-0.6pp	62.5%-0.5pp	63.0%-0.1pp	63.1%+2.1pp	61.0%
Operating Margin	-1.3%-2.1pp	0.8%-5.0pp	5.8%+4.1pp	1.7%-1.0pp	2.8%+12.7pp	-9.9%-6.4pp	-3.5%-10.6pp	7.2%-0.6pp	7.7%-4.7pp	12.4%0.0pp	12.4%-1.9pp	14.3%-0.1pp	14.4%+1.8pp	12.6%+0.9pp	11.7%
Net Margin	11.9%+10.8pp	1.1%-3.9pp	5.0%+3.4pp	1.5%-0.1pp	1.6%+9.3pp	-7.6%-5.1pp	-2.5%-7.8pp	5.3%+2.3pp	3.0%-4.7pp	7.7%+0.1pp	7.6%-1.6pp	9.2%0.0pp	9.3%+1.6pp	7.7%+0.5pp	7.2%
Return on Equity	17.3%+15.9pp	1.5%-5.3pp	6.7%+4.3pp	2.4%-0.2pp	2.6%+12.0pp	-9.4%-6.0pp	-3.4%-10.9pp	7.5%+3.1pp	4.4%-7.8pp	12.2%-0.4pp	12.6%-3.1pp	15.7%-0.6pp	16.3%+1.4pp	14.9%+1.1pp	13.8%
Return on Assets	10.5%+9.4pp	1.1%-4.1pp	5.3%+3.5pp	1.8%-0.1pp	1.8%+8.3pp	-6.5%-4.1pp	-2.4%-8.1pp	5.7%+2.3pp	3.4%-5.7pp	9.1%-0.8pp	9.9%-2.4pp	12.3%-0.6pp	12.9%+1.5pp	11.4%+1.0pp	10.4%
Current Ratio	5.16+0.1x	5.11-0.6x	5.74+0.4x	5.33+1.2x	4.13+0.2x	3.95-0.3x	4.29-3.1x	7.41+0.9x	6.510.0x	6.47+0.8x	5.67+1.2x	4.48-0.5x	4.96+0.4x	4.54-0.2x	4.74
Debt-to-Equity	0.65+0.3x	0.310.0x	0.28+0.3x	0.000.0x	0.010.0x	0.010.0x	0.00-0.1x	0.140.0x	0.120.0x	0.13+0.1x	0.070.0x	0.040.0x	0.050.0x	0.080.0x	0.09
Asset Turnover	0.88-0.1x	0.99-0.1x	1.06-0.1x	1.170.0x	1.13+0.3x	0.85-0.1x	0.94-0.1x	1.080.0x	1.130.0x	1.17-0.1x	1.300.0x	1.33-0.1x	1.39-0.1x	1.480.0x	1.45
FCF Margin	-10.6%-12.7pp	2.1%-3.1pp	5.2%+4.5pp	0.7%-2.6pp	3.3%+24.9pp	-21.6%-35.2pp	13.6%+5.6pp	8.0%+7.1pp	0.9%-6.3pp	7.3%+0.1pp	7.2%+8.4pp	-1.2%-6.0pp	4.8%+5.9pp	-1.1%-9.3pp	8.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	64.8%+5.3pp	61.0%+4.7pp	54.3%+1.3pp	58.9%+1.1pp	59.5%+1.5pp	56.3%-0.4pp	52.9%-2.2pp	57.8%-4.6pp
Operating Margin	3.0%+2.6pp	1.9%+0.5pp	-2.8%-3.6pp	-3.9%-2.4pp	0.4%0.0pp	1.4%-2.0pp	0.9%-7.5pp	-1.5%-6.6pp
Net Margin	2.3%+3.4pp	1.1%-58.7pp	-3.3%-4.9pp	-7.8%-7.1pp	-1.1%-1.7pp	59.8%+57.1pp	1.6%-7.8pp	-0.8%-4.4pp
Return on Equity	0.9%+1.2pp	0.5%-20.0pp	-1.4%-2.0pp	-2.5%-2.3pp	-0.4%-0.5pp	20.5%+19.6pp	0.6%-2.9pp	-0.2%-1.4pp
Return on Assets	0.5%+0.8pp	0.3%-14.3pp	-0.8%-1.3pp	-1.6%-1.4pp	-0.3%-0.4pp	14.6%+13.9pp	0.4%-2.3pp	-0.2%-1.1pp
Current Ratio	4.55-0.3x	4.23-0.3x	5.16+0.1x	5.22-1.2x	4.89-1.5x	4.51-1.9x	5.11-0.6x	6.39+0.1x
Debt-to-Equity	0.74+0.4x	0.75+0.4x	0.65+0.3x	0.58+0.3x	0.37+0.1x	0.40+0.1x	0.310.0x	0.270.0x
Asset Turnover	0.220.0x	0.240.0x	0.260.0x	0.200.0x	0.230.0x	0.240.0x	0.270.0x	0.240.0x
FCF Margin	-20.4%+20.6pp	1.6%+11.4pp	18.1%-0.6pp	-17.2%-9.0pp	-41.0%-36.9pp	-9.8%-9.1pp	18.8%+3.9pp	-8.2%-0.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Tandy Leather Factory, Inc. TLF	FY2025	$76.3M	$9.1M	11.9%	$20.4M	44/100
Big 5 Sporting Goods Corp BGFV	FY2024	$795.5M	-$69.1M	-8.7%	$33.0M	22/100
JBDI Holdings Limited JBDI	FY2026	$8.5M	$120K	1.4%	$9.1M	32/100
Tokyo Lifestyle Co., Ltd. TKLF	FY2026	$373.2M	$717K	0.2%	$8.8M	46/100
ZOOZ Strategy Ltd. ZOOZ	FY2025	$247K	-$55.6M	N/A	$52.1M	—
Fitell Corporation FTEL	FY2025	$5.2M	-$683K	-13.1%	$2.3M	34/100

Where Tandy Leather Factory, Inc. Ranks

Frequently Asked Questions

What is Tandy Leather Factory, Inc.'s annual revenue?

Tandy Leather Factory, Inc. (TLF) reported $76.3M in total revenue for fiscal year 2025. This represents a 2.6% 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 Factory, Inc.'s revenue growing?

Tandy Leather Factory, Inc. (TLF) revenue grew by 2.6% year-over-year, from $74.4M to $76.3M in fiscal year 2025.

Is Tandy Leather Factory, Inc. profitable?

Yes, Tandy Leather Factory, Inc. (TLF) reported a net income of $9.1M in fiscal year 2025, with a net profit margin of 11.9%.

What is Tandy Leather Factory, Inc.'s EBITDA?

Tandy Leather Factory, Inc. (TLF) had EBITDA of -$63K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Tandy Leather Factory, Inc.'s gross margin?

Tandy Leather Factory, Inc. (TLF) had a gross margin of 57.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tandy Leather Factory, Inc.'s operating margin?

Tandy Leather Factory, Inc. (TLF) had an operating margin of -1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Tandy Leather Factory, Inc.'s net profit margin?

Tandy Leather Factory, Inc. (TLF) had a net profit margin of 11.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Tandy Leather Factory, Inc.'s return on equity (ROE)?

Tandy Leather Factory, Inc. (TLF) has a return on equity of 17.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tandy Leather Factory, Inc.'s free cash flow?

Tandy Leather Factory, Inc. (TLF) recorded an outflow of $8.1M in free cash flow during fiscal year 2025. This represents a -617.1% 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 Factory, Inc.'s operating cash flow?

Tandy Leather Factory, Inc. (TLF) recorded an outflow of $556K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Tandy Leather Factory, Inc.'s total assets?

Tandy Leather Factory, Inc. (TLF) had $86.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Tandy Leather Factory, Inc.'s capital expenditures?

Tandy Leather Factory, Inc. (TLF) invested $7.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Tandy Leather Factory, Inc. buy back shares?

Yes, Tandy Leather Factory, Inc. (TLF) spent $1.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Tandy Leather Factory, Inc. have outstanding?

Tandy Leather Factory, Inc. (TLF) had 8M shares outstanding as of fiscal year 2025.

What is Tandy Leather Factory, Inc.'s current ratio?

Tandy Leather Factory, Inc. (TLF) had a current ratio of 5.16 as of fiscal year 2025, which is generally considered healthy.

What is Tandy Leather Factory, Inc.'s debt-to-equity ratio?

Tandy Leather Factory, Inc. (TLF) had a debt-to-equity ratio of 0.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tandy Leather Factory, Inc.'s return on assets (ROA)?

Tandy Leather Factory, Inc. (TLF) had a return on assets of 10.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tandy Leather Factory, Inc.'s P/E ratio?

Tandy Leather Factory, Inc. (TLF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $20.4M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Tandy Leather Factory, Inc.'s price-to-sales ratio?

Tandy Leather Factory, Inc. (TLF) trades at 0.3x sales, its market capitalization divided by revenue of $77.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $20.4M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Tandy Leather Factory, Inc.'s Altman Z-Score?

Tandy Leather Factory, Inc. (TLF) has an Altman Z-Score of 2.75, placing it in the Grey Zone (moderate 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. Learn more in our complete guide to financial health indicators.

What is Tandy Leather Factory, Inc.'s Piotroski F-Score?

Tandy Leather Factory, Inc. (TLF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tandy Leather Factory, Inc.'s earnings high quality?

For every $1 of reported earnings, Tandy Leather Factory, Inc. (TLF) used $0.06 of operating cash (-$556K OCF vs $9.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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. Learn more in our complete guide to financial health indicators.

Can Tandy Leather Factory, Inc. cover its interest payments?

Tandy Leather Factory, Inc. (TLF) reported an operating loss of $963K against $552K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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. Learn more in our complete guide to financial health indicators.

How financially healthy is Tandy Leather Factory, Inc.?

Tandy Leather Factory, Inc. (TLF) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.