TLFNasdaqLeather & Leather ProductsFiscal year ends December 31
TANDY LEATHER FACTORY INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$2.36−0.03 (-1.33%)
Close on Oct 19, 2026
- Market cap
- $19.23M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
57.0%+0.8 pts over 5 years
Operating margin
-1.3%+8.6 pts over 5 years
Net margin
11.9%+19.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.6% | -1.7% | +3.6% | -1.0% | |
| Gross profit | +4.2% | -2.2% | +3.8% | -1.8% | |
| Net income | +1000.6% | +95.0% | – | +3.6% | |
| EPS, diluted | +1122.2% | +94.3% | – | +5.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.4% | -9.0% | 16.6% | |
| Return on assets | 9.5% | -6.3% | 11.3% | |
| Current ratio | 6.47 | 3.95 | 5.16 | |
| Debt to equity | 0.14 | 0.01 | – | |
| Net debt to EBITDA | -0.79× | – | – | |
| Interest coverage | 66.4× | -906.9× | – | |
| Inventory turnover | 0.9× | 0.9× | 1.0× | |
| Capex to revenue | 2.0% | 2.0% | 9.9% | |
| Diluted shares | 9M | 9M | 8M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tandy Leather Factory generated $14.51M from operations and spent $31.39M on capital expenditure, dividends and share buybacks. 41% of that went back into the business.
Generated
$14.51M
Used
$31.39M
Capital expenditure$12.73M41%Dividends$12.75M41%Share buybacks$5.91M19%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.9%
×Asset turnover0.94×
×Equity multiplier1.47×
=Return on equity, FY202516.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.9% | 0.94× | 1.47× | 16.6% |
| FY2024 | 1.1% | 1.01× | 1.30× | 1.5% |
| FY2023 | 4.9% | 1.08× | 1.31× | 7.0% |
| FY2022 | 1.5% | 1.13× | 1.38× | 2.4% |
| FY2021 | 1.6% | 1.11× | 1.43× | 2.6% |
| FY2020 | -7.6% | 0.82× | 1.43× | -9.0% |
| FY2019 | -2.5% | 0.96× | 1.37× | -3.3% |
| FY2018 | 5.3% | 1.11× | 1.31× | 7.7% |
| FY2017 | 3.0% | 1.15× | 1.32× | 4.6% |
| FY2016 | 7.7% | 1.23× | 1.31× | 12.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$9.10M
- Cash generatingOperating cash flow above zero-$556.00K
- Return on assets improvedROA up on the prior year1.1% → 12.1%
- Earnings backed by cashOperating cash flow above net income-$556.00K vs $9.10M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.11 → 5.16
- No dilutionShare count did not rise9M → 8M
- Gross margin improvedGross margin up on the prior year56.19% → 57.04%
- More efficientAsset turnover rose1.03 → 1.02