WINAWinmark Corporation

$299.63-35% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 70 out of 100, Above average

Above average. Winmark Corporation scores higher than 74% of the 1,794 companies Ryufin scores.

Carried by return on capital and capital allocation, held back by valuation.

Consumer Cyclical median 67 · all companies 57

How the score has moved

At each fiscal year end, from the reports and price of the time
83
82
85
73
70
2020202120222023today

The biggest move was down 12 points from 2022 to 2023, mostly valuation.

Valuation

26% of the score

42median 56

Winmark Corporation is valued at 28.4x its operating profit, including debt: a rich multiple.

60x
50x
35x
25x
18x
12x
8x
28.4x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

100median 34

Over 7 years the business earned 255% a year after tax on the capital it uses.

2%
8%
15%
25%
255%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 463%

Return on new capital

16% of the score

46median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 3 cents. It did so while using less capital than before.

-5%
12%
2.8%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

85median 67

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 0.9% a year over 5 years: buybacks
74
5%
-3%
-0.9%
0 pointsfull points
Assets against salesAssets grew -4.5% a year, sales 5.4%
100
12%
-2%
-9.9%
0 pointsfull points

Cycle position

12% of the score

68median 62

Today's operating margin of 62% is 0.98x its normal 64%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 62%

Balance sheet

8% of the score

100median 50

What the debt weighs against the profit that has to carry it.

Interest coverOperating profit covers interest 22x
100
1.5x
12x
22x
0 pointsfull points

Earnings quality

6% of the score

90median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 1.08x profit over 3 years
70
0.7x
1x
1.3x
1.1x
0 pointsfull points
AccrualsCash ran ahead of profit by 12.5% of assets
100
8%
0%
-8%
-13%
0 pointsfull points
Beneish M-score-3.07
100
-1.50
-1.78
-2.22
-3.00
-3.07
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-27, latest annual report FY2025.

On our screens:Most shorted stocks