What is Tandy Leather Factory's operating income?

Tandy Leather Factory's total operating income in 2025 was -$963 thousand, based on the following breakdown: Total Gross Profit: $43.54 million Total Operating Expenses: $28.28 million

Tandy Leather Factory (TLF) Financials

$2.34 -0.07 (-2.90%)

Closing price 07/16/2026 04:00 PM Eastern

Extended Trading

$2.37 +0.03 (+1.07%)

As of 07/16/2026 04:14 PM Eastern

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Annual Income Statements for Tandy Leather Factory

This table shows Tandy Leather Factory's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	6.40	6.40	2.48	4.40	-1.90	-4.90	1.35	1.23	3.77	0.83	9.10
Consolidated Net Income / (Loss)	6.40	6.40	2.48	4.40	-1.90	-4.90	1.35	1.23	3.77	0.83	9.10
Net Income / (Loss) Continuing Operations	6.40	6.40	2.48	4.40	-1.90	-4.90	1.35	1.23	3.77	0.83	9.10
Total Pre-Tax Income	10	10	6.34	6.21	-2.59	-6.28	2.19	1.41	4.55	1.09	12
Total Operating Income	10	10	6.38	5.96	-2.60	-6.35	2.30	1.39	4.41	0.63	-0.96
Total Gross Profit	52	52	49	51	42	36	47	46	45	42	44
Total Revenue	84	83	82	83	75	64	83	80	76	74	76
Operating Revenue	84	83	82	83	75	64	83	80	76	74	76
Total Cost of Revenue	32	31	33	32	33	28	36	34	31	33	33
Operating Cost of Revenue	32	31	33	32	33	28	36	34	31	33	33
Total Operating Expenses	42	41	43	45	45	42	45	45	41	41	28
Selling, General & Admin Expense	-	-	43	45	44	41	45	45	41	41	45
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	-	0.00	-16
Total Other Income / (Expense), net	-0.26	-0.10	-0.04	0.25	0.00	0.07	-0.11	0.02	0.14	0.46	-2.96
Interest Expense	0.33	0.16	0.21	0.30	0.04	0.01	0.02	-0.01	-0.09	-0.33	-0.55
Other Income / (Expense), net	0.07	0.06	0.17	0.55	0.04	0.08	-0.09	0.01	0.04	0.13	-3.51
Income Tax Expense	3.82	3.80	3.86	1.81	-0.69	-1.38	0.84	0.18	0.78	0.26	3.20
Basic Earnings per Share	$0.64	$0.69	$0.27	$0.48	($0.21)	($0.54)	$0.16	$0.15	$0.45	$0.10	$1.11
Weighted Average Basic Shares Outstanding	10.08M	9.30M	9.24M	9.19M	8.97M	9.06M	8.71M	8.36M	8.34M	8.49M	8.23M
Diluted Earnings per Share	$0.63	$0.69	$0.27	$0.48	($0.21)	($0.54)	$0.16	$0.15	$0.45	$0.09	$1.10
Weighted Average Diluted Shares Outstanding	10.10M	9.32M	9.25M	9.21M	8.97M	9.06M	8.72M	8.39M	8.37M	8.78M	8.26M
Weighted Average Basic & Diluted Shares Outstanding	10M	9.30M	9.30M	9.01M	-	-	8.59M	8.30M	8.40M	8.50M	8.07M

This table shows Tandy Leather Factory's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.64	2.01	0.53	0.10	-0.13	0.33	12	-0.20	-1.35	-2.02	0.01
Consolidated Net Income / (Loss)	0.64	1.94	0.53	0.10	-0.13	0.33	12	-0.20	-1.35	-2.02	0.22
Net Income / (Loss) Continuing Operations	0.64	1.94	0.53	0.10	-0.13	0.33	12	-0.20	-1.35	-2.02	0.22
Total Pre-Tax Income	0.84	1.97	0.71	0.15	-0.18	0.42	16	-0.18	-1.83	-2.54	0.37
Total Operating Income	0.88	1.76	0.65	0.06	-0.27	0.18	0.26	0.07	-0.68	-0.61	0.37
Total Gross Profit	11	11	11	10	10	11	11	11	10	12	12
Total Revenue	18	21	19	17	17	20	19	18	17	22	20
Operating Revenue	18	21	19	17	17	20	19	18	17	22	20
Total Cost of Revenue	6.60	9.36	8.36	7.27	7.33	9.64	8.32	7.20	7.09	10	7.66
Operating Cost of Revenue	6.60	9.36	8.36	7.27	7.33	9.64	8.32	7.20	7.09	10	7.66
Total Operating Expenses	10	9.73	10	9.96	10	11	-6.13	11	11	-3.53	12
Selling, General & Admin Expense	10	9.73	10	9.96	10	11	10	11	11	13	12
Other Special Charges / (Income)	-	-	0.00	0.00	0.00	-	-17	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-0.04	0.21	0.06	0.09	0.08	0.23	-1.08	-0.25	-1.16	-18	0.01
Interest Expense	0.00	-0.09	-0.08	-0.10	-0.09	-0.07	-0.19	-0.17	-0.10	-0.09	-0.09
Other Income / (Expense), net	-0.04	0.12	-0.03	-0.01	-0.00	0.17	-1.27	-0.42	-1.25	-18	-0.08
Income Tax Expense	0.20	0.04	0.18	0.05	-0.05	0.08	4.18	0.02	-0.48	-0.52	0.15
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	-	-	-	-	0.21
Basic Earnings per Share	$0.08	$0.23	$0.06	$0.01	($0.02)	$0.05	$1.36	($0.02)	($0.17)	($0.19)	$0.03
Weighted Average Basic Shares Outstanding	8.33M	8.34M	8.40M	8.42M	8.42M	8.49M	8.50M	8.49M	8.14M	8.23M	8.10M
Diluted Earnings per Share	$0.08	$0.23	$0.06	$0.01	($0.02)	$0.04	$1.35	($0.02)	($0.17)	($0.18)	$0.03
Weighted Average Diluted Shares Outstanding	8.40M	8.37M	8.50M	8.51M	8.42M	8.78M	8.60M	8.49M	8.14M	8.26M	8.10M
Weighted Average Basic & Diluted Shares Outstanding	8.40M	8.40M	8.40M	8.42M	8.42M	8.50M	8.51M	8.07M	8.07M	0.00	8.14M

This table details how cash moves in and out of Tandy Leather Factory's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.33	5.90	1.22	5.99	-8.17	-5.58	-0.17	-2.18	4.18	1.11	2.82
Net Cash From Operating Activities	8.20	7.72	2.47	7.77	10	-13	3.72	1.15	4.54	4.55	-0.56
Net Cash From Continuing Operating Activities	8.20	7.72	2.47	7.77	10	-13	3.72	1.15	4.54	4.55	-0.56
Net Income / (Loss) Continuing Operations	6.40	6.40	2.48	4.40	-1.90	-4.90	1.35	1.23	3.77	0.83	9.10
Consolidated Net Income / (Loss)	6.40	6.40	2.48	4.40	-1.90	-4.90	1.35	1.23	3.77	0.83	9.10
Depreciation Expense	1.57	1.72	1.88	1.80	1.66	1.02	1.11	1.20	1.20	1.18	0.86
Amortization Expense	-	-	0.00	0.00	3.48	3.19	3.20	3.23	3.43	3.55	5.30
Non-Cash Adjustments To Reconcile Net Income	-0.72	0.24	0.28	0.21	1.92	2.02	0.81	1.07	0.77	0.55	-16
Changes in Operating Assets and Liabilities, net	0.95	-0.64	-2.17	1.37	5.32	-14	-2.76	-5.57	-4.63	-1.56	-0.08
Net Cash From Investing Activities	-2.16	-1.55	-1.66	-1.06	-9.16	6.26	-1.00	-0.63	-0.58	-2.98	17
Net Cash From Continuing Investing Activities	-2.16	-1.55	-1.66	-1.06	-9.16	6.26	-1.00	-0.63	-0.58	-2.98	17
Purchase of Property, Plant & Equipment	-2.16	-1.70	-1.69	-1.09	-0.27	-1.31	-1.00	-0.64	-0.58	-2.98	-7.54
Sale of Property, Plant & Equipment	0.01	0.15	0.04	0.03	0.11	0.05	0.00	0.01	-	0.00	25
Net Cash From Financing Activities	-5.71	-0.09	0.15	-0.06	-9.70	0.42	-2.78	-2.17	-0.03	-0.00	-14
Net Cash From Continuing Financing Activities	-5.71	-0.09	0.15	-0.06	-9.70	0.42	-2.78	-2.17	-0.03	-0.00	-14
Repurchase of Common Equity	-3.71	-3.68	0.00	-1.65	-0.74	0.00	-2.74	-1.80	-0.01	0.00	-1.36
Payment of Dividends	-	-	-	-	-	-	-	-	-	0.00	-13
Other Financing Activities, net	0.01	0.00	0.22	0.00	-	0.00	-0.04	-0.01	-0.02	-0.00	0.00
Effect of Exchange Rate Changes	-	-0.18	0.26	-0.67	0.22	0.28	-0.11	-0.54	0.25	-0.45	0.12
Cash Income Taxes Paid	3.74	4.22	2.24	1.36	0.72	0.06	-0.99	-0.43	0.98	1.69	1.85

This table details how cash moves in and out of Tandy Leather Factory's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-1.41	3.54	0.16	-0.78	-1.48	3.22	10	-7.18	-4.40	4.07	-5.98
Net Cash From Operating Activities	-1.13	3.33	1.09	-0.51	-0.54	4.51	-0.54	-3.97	-1.04	4.98	0.91
Net Cash From Continuing Operating Activities	-1.13	3.33	1.09	-0.51	-0.54	4.51	-0.54	-3.97	-1.04	4.98	0.91
Net Income / (Loss) Continuing Operations	0.64	1.94	0.53	0.10	-0.13	0.33	12	-0.20	-2.45	-0.93	0.22
Consolidated Net Income / (Loss)	0.64	1.94	0.53	0.10	-0.13	0.33	12	-0.20	-2.45	-0.93	0.22
Depreciation Expense	0.30	0.31	0.32	0.31	0.30	0.26	0.18	0.20	0.23	0.25	0.29
Amortization Expense	0.88	0.88	0.92	0.88	0.87	0.88	1.11	1.27	1.54	1.39	1.39
Non-Cash Adjustments To Reconcile Net Income	0.21	0.11	0.20	0.16	0.18	0.01	-16	0.12	1.58	0.15	0.09
Changes in Operating Assets and Liabilities, net	-3.15	0.09	-0.88	-1.96	-1.75	3.03	3.09	-5.36	-1.94	4.13	-1.08
Net Cash From Investing Activities	-0.16	-0.24	-1.23	-0.20	-0.89	-0.67	24	-3.33	-1.93	-0.95	-0.59
Net Cash From Continuing Investing Activities	-0.16	-0.24	-1.23	-0.20	-0.89	-0.67	24	-3.33	-1.93	-0.95	-0.59
Purchase of Property, Plant & Equipment	-0.16	-0.24	-1.23	-0.20	-0.89	-0.67	-1.33	-3.33	-1.93	-0.95	-0.59
Sale of Property, Plant & Equipment	-	-	0.00	-	-	-	25	-	-	-	0.00
Net Cash From Financing Activities	-0.02	-0.00	-0.00	-	-	-	-13	-0.18	-1.29	0.11	-6.19
Net Cash From Continuing Financing Activities	-0.02	-0.00	-0.00	-	-	-	-13	-0.18	-1.29	0.11	-6.19
Payment of Dividends	-	-	0.00	-	-	-	-13	-	-	-	-6.06
Other Financing Activities, net	-0.01	-0.00	-0.00	-	-	-	0.00	-	-	-	-0.14
Effect of Exchange Rate Changes	-0.11	0.45	0.30	-0.07	-0.05	-0.63	0.04	0.29	-0.14	-0.07	-0.11

This table presents Tandy Leather Factory's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	65	71	73	77	80	76	73	69	72	75	87
Total Current Assets	47	53	55	60	53	51	50	47	51	51	51
Cash & Equivalents	11	17	18	24	16	10	10	7.98	12	13	16
Accounts Receivable	0.55	0.56	0.46	0.41	0.41	0.35	0.61	0.37	0.26	0.33	0.43
Inventories, net	34	33	35	33	24	37	38	38	38	36	33
Prepaid Expenses	1.51	1.61	1.39	1.28	1.08	0.54	0.48	0.27	0.48	0.90	0.72
Other Current Assets	0.07	0.14	0.33	0.33	0.30	0.27	0.14	0.11	0.11	0.10	0.11
Plant, Property, & Equipment, net	16	16	16	15	13	12	12	11	11	12	10
Plant, Property & Equipment, gross	24	26	27	28	27	27	28	28	29	32	26
Accumulated Depreciation	8.30	9.88	12	14	15	15	16	17	18	19	16
Total Noncurrent Assets	1.68	1.69	2.49	2.45	15	12	11	10	10	12	26
Noncurrent Deferred & Refundable Income Taxes	0.37	0.38	1.13	1.09	0.43	0.08	-	0.00	0.88	1.21	0.38
Other Noncurrent Operating Assets	0.33	0.33	0.38	0.39	14	12	11	10	9.43	11	25
Total Liabilities & Shareholders' Equity	65	71	73	77	80	76	73	69	72	75	87
Total Liabilities	14	17	17	18	24	23	22	17	16	18	34
Total Current Liabilities	8.33	8.25	8.42	8.08	12	13	12	8.87	8.93	9.89	9.80
Accounts Payable	1.98	1.62	2.41	2.15	5.75	5.74	4.79	3.08	2.33	3.11	2.15
Accrued Expenses	6.05	5.94	5.05	5.40	2.66	3.64	4.30	2.68	3.14	3.57	3.70
Current Deferred & Payable Income Tax Liabilities	-	-	0.35	0.00	-	-	0.00	0.21	0.29	0.00	0.43
Other Current Liabilities	-	-	0.00	0.00	3.82	3.54	3.04	2.90	3.17	3.21	3.51
Total Noncurrent Liabilities	5.31	8.71	8.55	10	11	11	9.38	8.25	6.86	7.89	24
Noncurrent Deferred & Payable Income Tax Liabilities	1.75	1.96	1.20	1.42	0.30	0.39	0.42	0.45	0.40	0.25	0.23
Other Noncurrent Operating Liabilities	-	-	0.60	0.56	11	9.71	8.63	7.80	6.46	7.64	24
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	51	54	56	58	56	52	52	51	56	57	53
Total Preferred & Common Equity	51	54	56	58	56	52	52	51	56	57	53
Total Common Equity	51	54	56	58	56	52	52	51	56	57	53
Common Stock	6.20	6.40	3.96	4.29	5.06	5.95	3.98	3.25	4.00	4.55	3.67
Retained Earnings	53	59	60	64	62	57	59	60	64	64	61
Treasury Stock	-6.60	-10	-7.38	-9.04	-9.77	-9.77	-9.77	-9.77	-9.77	-9.77	-9.77
Accumulated Other Comprehensive Income / (Loss)	-1.69	-1.89	-0.76	-1.44	-1.08	-1.29	-1.37	-1.90	-1.54	-2.11	-2.15

This table presents Tandy Leather Factory's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	69	72	73	73	78	77	85	82
Total Current Assets	48	50	51	50	59	54	50	45
Cash & Equivalents	8.62	12	12	10	24	16	12	10
Accounts Receivable	0.30	0.42	0.39	0.35	0.30	0.40	0.30	0.31
Inventories, net	39	37	37	38	34	36	36	34
Prepaid Expenses	0.21	0.40	0.91	0.81	0.70	0.97	1.09	0.69
Other Current Assets	0.07	0.10	0.08	0.08	0.10	0.09	0.08	0.10
Plant, Property, & Equipment, net	11	11	11	12	6.25	9.40	9.65	11
Plant, Property & Equipment, gross	28	30	30	31	21	25	25	27
Accumulated Depreciation	18	18	19	19	15	15	16	16
Total Noncurrent Assets	9.89	11	11	11	12	13	25	26
Noncurrent Deferred & Refundable Income Taxes	-	0.88	0.77	0.66	1.04	0.97	0.17	0.39
Other Noncurrent Operating Assets	9.86	9.94	9.89	10	11	12	25	26
Total Liabilities & Shareholders' Equity	69	72	73	73	78	77	85	82
Total Liabilities	15	15	15	15	21	19	31	35
Total Current Liabilities	7.64	7.84	7.92	7.88	13	11	9.51	11
Accounts Payable	1.42	2.22	2.40	2.32	3.41	2.55	2.63	3.26
Accrued Expenses	2.62	1.99	2.39	2.48	2.69	2.87	2.68	3.03
Current Deferred & Payable Income Tax Liabilities	0.36	0.45	0.00	0.00	3.88	2.26	0.66	0.64
Other Current Liabilities	3.25	3.19	3.13	3.08	3.21	3.45	3.54	3.68
Total Noncurrent Liabilities	7.39	7.35	7.34	7.54	7.84	8.18	22	24
Noncurrent Deferred & Payable Income Tax Liabilities	0.45	0.40	0.40	0.40	0.25	0.14	0.14	0.23
Other Noncurrent Operating Liabilities	6.94	6.95	6.94	7.14	7.59	8.04	22	24
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	54	57	58	58	57	57	53	47
Total Preferred & Common Equity	54	57	58	58	57	57	53	47
Total Common Equity	54	57	58	58	57	57	53	47
Common Stock	3.89	4.20	4.36	4.54	4.65	4.59	3.42	3.63
Retained Earnings	62	64	64	64	64	64	62	55
Treasury Stock	-9.77	-9.77	-9.77	-9.77	-9.77	-9.77	-9.77	-9.77
Accumulated Other Comprehensive Income / (Loss)	-2.19	-1.37	-1.33	-1.30	-2.40	-1.81	-2.04	-2.36

This table displays calculated financial ratios and metrics derived from Tandy Leather Factory's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	9,753,293.00	9,266,496.00	9,270,862.00	9,154,208.00	8,934,024.00	8,934,024.00	8,543,231.00	8,293,149.00	8,399,245.00	8,422,296.00	8,067,502.00
DEI Adjusted Shares Outstanding	9,753,293.00	9,266,496.00	9,270,862.00	9,154,208.00	8,934,024.00	8,934,024.00	8,543,231.00	8,293,149.00	8,399,245.00	8,422,296.00	8,067,502.00
DEI Earnings Per Adjusted Shares Outstanding	0.66	0.69	0.27	0.48	-0.21	-0.55	0.16	0.15	0.45	0.10	1.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.88%	-1.47%	-0.61%	0.95%	-9.96%	-14.46%	28.99%	-2.81%	-5.11%	-2.41%	2.60%
EBITDA Growth	-10.05%	-0.32%	-30.22%	-1.33%	-68.97%	-179.77%	416.62%	-10.53%	55.71%	-39.51%	-69.35%
EBIT Growth	-12.33%	-1.81%	-36.82%	-0.41%	-139.24%	-145.29%	135.22%	-36.67%	218.23%	-82.93%	-689.08%
NOPAT Growth	-15.92%	-1.51%	-61.42%	69.34%	-143.05%	-144.44%	131.96%	-14.82%	202.26%	-86.98%	-249.70%
Net Income Growth	-16.93%	0.00%	-61.29%	77.46%	-143.27%	-157.54%	127.63%	-9.38%	207.09%	-78.05%	1,000.60%
EPS Growth	-16.00%	9.52%	-60.87%	77.78%	-143.75%	-157.14%	129.63%	-6.25%	200.00%	-80.00%	1,122.22%
Operating Cash Flow Growth	596.17%	-5.82%	-68.07%	215.18%	34.73%	-219.64%	129.66%	-68.95%	293.15%	0.24%	-112.23%
Free Cash Flow Firm Growth	3,748.77%	-11.12%	-73.86%	292.75%	60.77%	-254.15%	112.96%	-125.93%	670.39%	-73.55%	752.31%
Invested Capital Growth	-0.58%	0.92%	2.05%	-4.43%	-27.38%	35.00%	-1.37%	4.14%	1.61%	-0.69%	-16.81%
Revenue Q/Q Growth	-0.27%	-0.17%	0.61%	0.30%	-5.52%	2.13%	2.00%	-1.29%	-1.96%	-0.49%	2.38%
EBITDA Q/Q Growth	0.38%	-2.16%	-12.76%	-3.06%	-49.40%	20.29%	20.20%	-3.33%	21.89%	-22.37%	-91.75%
EBIT Q/Q Growth	-0.10%	-2.90%	-15.54%	-4.83%	-510.92%	9.55%	84.08%	-13.54%	53.52%	-66.77%	-130.39%
NOPAT Q/Q Growth	-2.07%	-4.15%	-48.78%	53.67%	-1,290.74%	9.86%	57.49%	34.12%	57.83%	-76.47%	-468.28%
Net Income Q/Q Growth	-1.84%	-4.17%	-48.80%	60.64%	-769.36%	7.95%	56.89%	42.01%	65.34%	-65.98%	-20.56%
EPS Q/Q Growth	0.00%	0.00%	-49.06%	54.84%	-1,150.00%	8.47%	60.00%	25.00%	66.67%	-67.86%	-16.67%
Operating Cash Flow Q/Q Growth	-30.35%	18.83%	-1.38%	33.87%	-33.29%	-6.89%	1,399.30%	-35.42%	-28.16%	34.96%	45.76%
Free Cash Flow Firm Q/Q Growth	-41.81%	61.28%	755.37%	77.05%	-44.85%	-16.56%	166.12%	-913.49%	-39.82%	251.38%	9.67%
Invested Capital Q/Q Growth	-2.72%	-7.92%	-15.06%	-17.63%	-8.94%	-0.94%	-10.51%	-8.67%	-1.85%	-7.74%	-11.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.87%	62.36%	59.56%	61.22%	56.01%	56.27%	56.86%	57.88%	59.25%	56.20%	57.05%
EBITDA Margin	14.40%	14.56%	10.23%	9.99%	3.44%	-3.21%	7.88%	7.26%	11.91%	7.38%	2.21%
Operating Margin	12.45%	12.42%	7.74%	7.17%	-3.47%	-9.91%	2.78%	1.73%	5.79%	0.84%	-1.26%
EBIT Margin	12.53%	12.49%	7.94%	7.83%	-3.41%	-9.79%	2.67%	1.74%	5.84%	1.02%	-5.87%
Profit (Net Income) Margin	7.61%	7.72%	3.01%	5.29%	-2.54%	-7.65%	1.64%	1.53%	4.94%	1.11%	11.93%
Tax Burden Percent	62.65%	62.75%	39.10%	70.81%	73.39%	78.05%	61.74%	87.14%	82.90%	75.80%	74.00%
Interest Burden Percent	96.87%	98.50%	96.86%	95.32%	101.41%	100.11%	99.28%	100.64%	102.09%	143.55%	-274.74%
Effective Tax Rate	37.35%	37.25%	60.90%	29.19%	0.00%	0.00%	38.26%	12.86%	17.10%	24.20%	26.00%
Return on Invested Capital (ROIC)	14.91%	14.67%	5.57%	9.56%	-4.88%	-12.06%	3.38%	2.84%	8.34%	1.08%	-1.77%
ROIC Less NNEP Spread (ROIC-NNEP)	17.56%	15.41%	5.72%	8.19%	-4.45%	-9.44%	4.05%	2.64%	7.23%	-1.68%	-68.63%
Return on Net Nonoperating Assets (RNNOA)	-2.12%	-2.43%	-1.05%	-1.85%	1.56%	3.03%	-0.77%	-0.45%	-1.35%	0.38%	18.36%
Return on Equity (ROE)	12.79%	12.23%	4.52%	7.70%	-3.32%	-9.02%	2.61%	2.38%	6.99%	1.46%	16.59%
Cash Return on Invested Capital (CROIC)	15.50%	13.75%	3.54%	14.08%	26.84%	-41.85%	4.75%	-1.22%	6.75%	1.78%	16.58%
Operating Return on Assets (OROA)	16.55%	15.32%	9.12%	8.71%	-3.26%	-8.05%	2.97%	1.98%	6.33%	1.03%	-5.54%
Return on Assets (ROA)	10.04%	9.47%	3.45%	5.88%	-2.43%	-6.29%	1.82%	1.73%	5.36%	1.12%	11.27%
Return on Common Equity (ROCE)	12.79%	12.23%	4.52%	7.70%	-3.32%	-9.02%	2.61%	2.38%	6.99%	1.46%	16.59%
Return on Equity Simple (ROE_SIMPLE)	12.56%	11.92%	4.43%	7.55%	-3.37%	-9.39%	2.63%	2.38%	6.69%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.56	6.46	2.49	4.22	-1.82	-4.44	1.42	1.21	3.66	0.48	-0.71
NOPAT Margin	7.80%	7.79%	3.03%	5.07%	-2.43%	-6.93%	1.72%	1.51%	4.80%	0.64%	-0.93%
Net Nonoperating Expense Percent (NNEP)	-2.65%	-0.74%	-0.15%	1.36%	-0.42%	-2.62%	-0.67%	0.20%	1.11%	2.76%	66.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	6.49%	0.83%	-1.36%
Cost of Revenue to Revenue	38.13%	37.64%	40.44%	38.78%	43.99%	43.73%	43.14%	42.12%	40.75%	43.81%	42.96%
SG&A Expenses to Revenue	0.00%	0.00%	51.82%	53.71%	58.14%	64.49%	54.08%	56.15%	53.46%	55.35%	58.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.42%	49.94%	51.82%	54.06%	59.47%	66.17%	54.08%	56.15%	53.46%	55.35%	37.05%
Earnings before Interest and Taxes (EBIT)	11	10	6.54	6.52	-2.56	-6.27	2.21	1.40	4.45	0.76	-4.48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	12	8.43	8.32	2.58	-2.06	6.52	5.83	9.08	5.49	1.68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.40	1.29	0.89	0.90	0.51	0.50	0.68	0.46	0.39	0.32
Price to Tangible Book Value (P/TBV)	1.43	1.42	1.31	0.91	0.90	0.51	0.50	0.68	0.46	0.39	0.32
Price to Revenue (P/Rev)	0.85	0.91	0.87	0.62	0.68	0.42	0.31	0.44	0.34	0.30	0.22
Price to Earnings (P/E)	11.18	11.72	28.99	11.82	0.00	0.00	18.93	28.73	6.87	26.96	1.86
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.64%
Earnings Yield	8.94%	8.53%	3.45%	8.46%	0.00%	0.00%	5.28%	3.48%	14.56%	3.71%	53.88%
Enterprise Value to Invested Capital (EV/IC)	1.47	1.48	1.35	0.85	0.83	0.40	0.38	0.63	0.31	0.21	0.02
Enterprise Value to Revenue (EV/Rev)	0.77	0.79	0.74	0.44	0.35	0.26	0.19	0.34	0.18	0.12	0.01
Enterprise Value to EBITDA (EV/EBITDA)	5.32	5.44	7.25	4.44	10.06	0.00	2.44	4.68	1.51	1.64	0.48
Enterprise Value to EBIT (EV/EBIT)	6.11	6.34	9.34	5.66	0.00	0.00	7.19	19.49	3.08	11.88	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.83	10.16	24.52	8.74	0.00	0.00	11.19	22.55	3.75	18.96	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.87	8.50	24.79	4.75	2.48	0.00	4.28	23.63	3.02	1.98	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	9.46	10.83	38.59	5.93	2.59	0.00	7.95	0.00	4.64	11.54	0.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.14	0.13	0.15	0.00	0.01	0.01	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.07	0.13	0.12	0.14	0.00	0.01	0.01	0.00	0.00	0.00	0.00
Financial Leverage	-0.12	-0.16	-0.18	-0.23	-0.35	-0.32	-0.19	-0.17	-0.19	-0.22	-0.27
Leverage Ratio	1.27	1.29	1.31	1.31	1.37	1.43	1.43	1.38	1.31	1.30	1.47
Compound Leverage Factor	1.23	1.27	1.27	1.25	1.39	1.44	1.42	1.38	1.33	1.86	-4.04
Debt to Total Capital	7.05%	12.18%	11.65%	13.33%	0.00%	0.90%	0.80%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.56%	1.12%	0.97%	0.77%	0.00%	0.00%	0.15%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.49%	11.05%	10.68%	12.56%	0.00%	0.90%	0.65%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.95%	87.82%	88.35%	86.67%	100.00%	99.10%	99.20%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.32	0.62	0.87	1.08	0.00	-0.23	0.06	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.59	-0.78	-1.27	-1.82	0.00	4.79	-1.49	-1.37	-1.34	0.00	0.00
Long-Term Debt to EBITDA	0.29	0.56	0.80	1.02	0.00	-0.23	0.05	0.00	0.00	0.00	0.00
Debt to NOPAT	0.59	1.15	2.96	2.12	0.00	-0.11	0.29	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.08	-1.46	-4.30	-3.58	0.00	2.22	-6.86	-6.59	-3.33	0.00	0.00
Long-Term Debt to NOPAT	0.54	1.05	2.71	2.00	0.00	-0.11	0.24	0.00	0.00	0.00	0.00
Altman Z-Score	6.86	6.26	5.89	5.03	3.81	2.92	3.69	4.37	4.18	3.64	2.56
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.67	6.47	6.51	7.41	4.29	3.95	4.13	5.33	5.74	5.11	5.16
Quick Ratio	1.38	2.11	2.20	3.03	2.08	0.83	0.88	0.94	1.39	1.38	1.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.82	6.06	1.58	6.22	10	-15	2.00	-0.52	2.96	0.78	6.67
Operating Cash Flow to CapEx	380.92%	500.02%	148.90%	732.91%	6,712.18%	-988.71%	371.23%	184.64%	787.67%	152.46%	0.00%
Free Cash Flow to Firm to Interest Expense	20.66	39.06	7.71	20.41	277.89	-2,203.09	124.94	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	24.84	49.76	12.00	25.48	290.86	-1,789.57	232.25	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	18.32	39.80	3.94	22.01	286.53	-1,970.57	169.69	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.23	1.15	1.11	0.96	0.82	1.11	1.13	1.08	1.01	0.94
Accounts Receivable Turnover	142.86	148.85	161.26	191.41	183.36	168.86	171.50	163.28	240.47	250.05	201.92
Inventory Turnover	0.97	0.94	0.98	0.95	1.15	0.92	0.95	0.89	0.82	0.89	0.95
Fixed Asset Turnover	5.45	5.29	5.28	5.53	5.46	5.06	6.85	7.01	7.02	6.50	6.77
Accounts Payable Turnover	19.82	17.31	16.54	14.14	8.34	4.88	6.78	8.60	11.47	11.97	12.46
Days Sales Outstanding (DSO)	2.56	2.45	2.26	1.91	1.99	2.16	2.13	2.24	1.52	1.46	1.81
Days Inventory Outstanding (DIO)	377.97	390.38	370.77	383.80	317.53	396.05	383.11	411.57	447.76	411.90	382.95
Days Payable Outstanding (DPO)	18.42	21.08	22.07	25.82	43.78	74.82	53.85	42.43	31.81	30.48	29.30
Cash Conversion Cycle (CCC)	362.10	371.75	350.96	359.89	275.73	323.40	331.39	371.37	417.47	382.88	355.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	44	44	45	43	31	42	42	43	44	44	37
Invested Capital Turnover	1.91	1.88	1.84	1.88	2.01	1.74	1.97	1.88	1.74	1.69	1.90
Increase / (Decrease) in Invested Capital	-0.26	0.40	0.91	-2.00	-12	11	-0.58	1.73	0.70	-0.31	-7.38
Enterprise Value (EV)	64	66	61	37	26	17	16	27	14	9.03	0.80
Market Capitalization	72	75	72	52	51	27	26	35	26	22	17
Book Value per Share	$5.23	$5.79	$6.03	$6.37	$6.32	$5.84	$6.03	$6.21	$6.71	$6.79	$6.52
Tangible Book Value per Share	$5.13	$5.69	$5.92	$6.26	$6.31	$5.84	$6.03	$6.21	$6.71	$6.79	$6.52
Total Capital	55	61	63	67	56	53	52	51	56	57	53
Total Debt	3.86	7.44	7.37	8.97	0.00	0.48	0.42	0.00	0.00	0.00	0.00
Total Long-Term Debt	3.56	6.76	6.76	8.45	0.00	0.48	0.34	0.00	0.00	0.00	0.00
Net Debt	-7.10	-9.42	-11	-15	-25	-9.85	-9.74	-7.97	-12	-13	-16
Capital Expenditures (CapEx)	2.15	1.54	1.66	1.06	0.16	1.27	1.00	0.63	0.58	2.98	-17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	28	29	29	28	15	28	28	30	30	27	25
Debt-free Net Working Capital (DFNWC)	39	46	47	52	40	38	38	38	42	41	41
Net Working Capital (NWC)	39	45	46	52	40	38	38	38	42	41	41
Net Nonoperating Expense (NNE)	0.16	0.06	0.02	-0.18	0.09	0.46	0.07	-0.02	-0.11	-0.35	-9.81
Net Nonoperating Obligations (NNO)	-7.10	-9.42	-11	-15	-25	-9.85	-9.74	-7.97	-12	-13	-16
Total Depreciation and Amortization (D&A)	1.57	1.72	1.88	1.80	5.14	4.21	4.31	4.43	4.63	4.73	6.16
Debt-free, Cash-free Net Working Capital to Revenue	33.56%	34.84%	35.09%	33.88%	20.32%	43.32%	34.07%	37.85%	39.57%	36.80%	32.36%
Debt-free Net Working Capital to Revenue	46.58%	55.18%	57.03%	62.81%	53.77%	59.44%	46.36%	47.78%	55.52%	54.64%	53.44%
Net Working Capital to Revenue	46.22%	54.35%	56.28%	62.19%	53.77%	59.44%	46.26%	47.78%	55.52%	54.64%	53.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.64	$0.69	$0.48	$0.21	$0.00	($0.54)	$0.16	$0.15	$0.45	$0.10	$1.11
Adjusted Weighted Average Basic Shares Outstanding	10.08M	9.30M	9.24M	9.19M	0.00	9.06M	8.71M	8.36M	8.34M	8.49M	8.23M
Adjusted Diluted Earnings per Share	$0.63	$0.69	$0.48	$0.21	$0.00	($0.54)	$0.16	$0.15	$0.45	$0.09	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	10.10M	9.32M	9.26M	9.19M	0.00	9.06M	8.72M	8.39M	8.37M	8.78M	8.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.49M	9.49M	9.27M	9.01M	0.00	0.00	8.59M	8.30M	8.40M	8.50M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	6.56	6.46	4.46	4.42	-1.12	-3.69	1.42	1.21	3.66	0.48	-13
Normalized NOPAT Margin	7.80%	7.79%	5.42%	5.32%	-1.49%	-5.76%	1.72%	1.51%	4.80%	0.64%	-16.66%
Pre Tax Income Margin	12.14%	12.30%	7.69%	7.47%	-3.46%	-9.80%	2.65%	1.75%	5.96%	1.47%	16.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	31.97	66.74	31.83	21.37	-71.03	-896.00	138.06	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	19.89	41.65	12.13	13.85	-50.50	-634.80	88.75	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	25.44	56.79	23.78	17.89	-75.36	-1,077.00	75.50	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	13.36	31.70	4.07	10.37	-54.83	-815.80	26.19	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	140.02%
Augmented Payout Ratio	57.93%	57.41%	0.00%	37.59%	-38.62%	0.00%	202.22%	146.54%	0.29%	0.00%	155.00%

This table displays calculated financial ratios and metrics derived from Tandy Leather Factory's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	8,328,848.00	8,399,245.00	8,399,245.00	8,401,972.00	8,422,546.00	8,422,296.00	8,496,581.00	8,512,554.00	8,067,502.00	8,067,502.00	8,067,502.00
DEI Adjusted Shares Outstanding	8,328,848.00	8,399,245.00	8,399,245.00	8,401,972.00	8,422,546.00	8,422,296.00	8,496,581.00	8,512,554.00	8,067,502.00	8,067,502.00	8,067,502.00
DEI Earnings Per Adjusted Shares Outstanding	0.08	0.24	0.06	0.01	-0.02	0.04	1.36	-0.02	-0.17	-0.25	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.95%	-6.81%	-5.33%	-1.12%	-1.09%	-1.76%	-1.24%	2.82%	-0.50%	8.65%	3.24%
EBITDA Growth	-3.45%	113.27%	-9.61%	-35.76%	-55.39%	-51.55%	-85.24%	-10.06%	-118.26%	-1,258.17%	612.36%
EBIT Growth	-15.20%	474.62%	-33.86%	-93.32%	-132.02%	-81.27%	-262.28%	-766.04%	-620.52%	-5,457.39%	128.19%
NOPAT Growth	-7.04%	323.80%	-30.31%	-91.99%	-127.95%	-91.53%	-60.05%	8.91%	-153.93%	-393.63%	14.36%
Net Income Growth	-12.03%	332.37%	-20.93%	-80.98%	-120.75%	-82.81%	2,106.29%	-297.03%	-924.24%	-707.51%	-98.08%
EPS Growth	-11.11%	360.00%	-25.00%	-83.33%	-125.00%	-82.61%	2,150.00%	-300.00%	-750.00%	-550.00%	-97.78%
Operating Cash Flow Growth	47.28%	-34.79%	36.26%	-133.55%	52.44%	35.34%	-149.36%	-671.40%	-93.46%	10.40%	269.03%
Free Cash Flow Firm Growth	1,497.47%	177.76%	-121.60%	-241.40%	-183.50%	-55.98%	1,635.00%	274.92%	310.07%	1,436.90%	-124.40%
Invested Capital Growth	-5.45%	1.61%	2.87%	7.08%	5.64%	-0.69%	-25.88%	-11.30%	-13.04%	-16.81%	9.32%
Revenue Q/Q Growth	0.34%	18.83%	-7.53%	-10.32%	0.38%	18.03%	-7.05%	-6.63%	-2.86%	28.89%	-11.68%
EBITDA Q/Q Growth	4.03%	52.46%	-39.30%	-33.28%	-27.76%	65.59%	-81.51%	-93.77%	-114.67%	-10,401.22%	111.38%
EBIT Q/Q Growth	5.42%	124.49%	-66.84%	-91.49%	-605.66%	231.34%	-387.22%	-102.12%	-447.03%	-876.59%	101.51%
NOPAT Q/Q Growth	26.25%	158.13%	-72.08%	-91.20%	-540.59%	178.19%	31.75%	-76.55%	-1,127.27%	9.59%	151.31%
Net Income Q/Q Growth	19.77%	204.56%	-72.90%	-80.76%	-230.69%	352.27%	3,378.38%	-101.57%	-579.40%	-49.63%	110.97%
EPS Q/Q Growth	33.33%	187.50%	-73.91%	-83.33%	-300.00%	300.00%	3,275.00%	-101.36%	-750.00%	-5.88%	116.67%
Operating Cash Flow Q/Q Growth	-173.43%	396.27%	-67.42%	-147.33%	-4.09%	943.18%	-111.88%	-639.74%	73.90%	581.16%	-81.81%
Free Cash Flow Firm Q/Q Growth	53.99%	-68.55%	-174.98%	-289.39%	9.06%	116.58%	2,514.37%	-55.64%	9.21%	21.31%	-141.50%
Invested Capital Q/Q Growth	4.79%	-1.85%	1.66%	2.41%	3.39%	-7.74%	-24.13%	22.56%	1.36%	-11.74%	-0.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.35%	55.10%	56.65%	57.95%	57.76%	52.95%	56.30%	59.49%	58.91%	54.28%	61.03%
EBITDA Margin	11.48%	14.72%	9.67%	7.19%	5.18%	7.26%	1.44%	6.29%	-0.95%	-77.40%	9.97%
Operating Margin	5.02%	8.44%	3.37%	0.36%	-1.54%	0.89%	1.38%	0.37%	-3.93%	-2.75%	1.86%
EBIT Margin	4.77%	9.01%	3.23%	0.31%	-1.54%	1.72%	-5.31%	-1.99%	-11.19%	-84.75%	1.45%
Profit (Net Income) Margin	3.63%	9.29%	2.72%	0.58%	-0.76%	1.63%	60.85%	-1.12%	-7.83%	-9.09%	1.13%
Tax Burden Percent	75.99%	98.13%	74.26%	67.33%	72.13%	79.86%	73.49%	110.56%	73.76%	79.58%	60.33%
Interest Burden Percent	100.00%	105.06%	113.48%	283.02%	68.28%	118.47%	-1,559.05%	50.99%	94.92%	13.48%	129.12%
Effective Tax Rate	24.01%	1.87%	25.74%	32.67%	0.00%	20.14%	26.51%	0.00%	0.00%	0.00%	39.67%
Return on Invested Capital (ROIC)	6.40%	14.40%	4.24%	0.41%	-1.74%	1.21%	1.92%	0.45%	-4.61%	-3.66%	2.47%
ROIC Less NNEP Spread (ROIC-NNEP)	6.96%	12.30%	3.83%	-0.13%	-2.33%	-0.26%	-61.52%	2.20%	3.34%	7.20%	2.46%
Return on Net Nonoperating Assets (RNNOA)	-0.78%	-2.30%	-0.73%	0.03%	0.39%	0.06%	19.36%	-0.54%	-0.66%	-1.93%	-0.80%
Return on Equity (ROE)	5.62%	12.10%	3.51%	0.44%	-1.35%	1.26%	21.28%	-0.09%	-5.27%	-5.59%	1.67%
Cash Return on Invested Capital (CROIC)	10.61%	6.75%	4.93%	-0.27%	-1.12%	1.78%	30.19%	12.40%	13.67%	16.58%	-10.64%
Operating Return on Assets (OROA)	5.34%	9.77%	3.45%	0.32%	-1.63%	1.74%	-5.24%	-1.99%	-10.58%	-80.08%	1.40%
Return on Assets (ROA)	4.06%	10.07%	2.91%	0.61%	-0.80%	1.65%	60.02%	-1.12%	-7.41%	-8.59%	1.09%
Return on Common Equity (ROCE)	5.62%	12.10%	3.51%	0.44%	-1.35%	1.26%	21.28%	-0.09%	-5.27%	-5.59%	1.67%
Return on Equity Simple (ROE_SIMPLE)	4.25%	0.00%	6.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.67	1.73	0.48	0.04	-0.19	0.15	0.19	0.05	-0.47	-0.43	0.22
NOPAT Margin	3.81%	8.28%	2.50%	0.25%	-1.08%	0.71%	1.01%	0.26%	-2.75%	-1.93%	1.12%
Net Nonoperating Expense Percent (NNEP)	-0.56%	2.10%	0.41%	0.54%	0.59%	1.47%	63.44%	-1.75%	-7.95%	-10.86%	0.01%
Return On Investment Capital (ROIC_SIMPLE)	-	3.06%	0.84%	0.07%	-0.32%	0.26%	0.34%	0.08%	-0.89%	-0.82%	0.47%
Cost of Revenue to Revenue	37.65%	44.90%	43.35%	42.05%	42.24%	47.05%	43.70%	40.51%	41.09%	45.72%	38.97%
SG&A Expenses to Revenue	57.34%	46.66%	53.29%	57.59%	59.30%	52.06%	54.93%	59.12%	62.84%	57.04%	59.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	57.34%	46.66%	53.29%	57.59%	59.30%	52.06%	-32.19%	59.12%	62.84%	-15.88%	59.17%
Earnings before Interest and Taxes (EBIT)	0.84	1.88	0.62	0.05	-0.27	0.35	-1.01	-0.35	-1.93	-19	0.29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.01	3.07	1.86	1.24	0.90	1.49	0.28	1.12	-0.16	-17	1.96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.65	0.46	0.49	0.48	0.44	0.39	0.25	0.46	0.45	0.32	0.00
Price to Tangible Book Value (P/TBV)	0.65	0.46	0.49	0.48	0.44	0.39	0.25	0.46	0.45	0.32	0.00
Price to Revenue (P/Rev)	0.45	0.34	0.38	0.36	0.34	0.30	0.19	0.35	0.32	0.22	0.00
Price to Earnings (P/E)	13.23	6.87	7.78	8.37	10.21	26.96	1.20	2.07	2.11	1.86	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	89.57%	48.54%	50.00%	71.64%	64.94%
Earnings Yield	7.56%	14.56%	12.85%	11.95%	9.80%	3.71%	83.53%	48.20%	47.34%	53.88%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.59	0.31	0.35	0.34	0.33	0.21	0.00	0.24	0.29	0.02	0.00
Enterprise Value to Revenue (EV/Rev)	0.34	0.18	0.21	0.21	0.21	0.12	0.00	0.13	0.16	0.01	0.00
Enterprise Value to EBITDA (EV/EBITDA)	3.55	1.51	1.79	1.93	2.19	1.64	0.00	0.46	0.60	0.48	0.00
Enterprise Value to EBIT (EV/EBIT)	9.12	3.08	3.85	4.66	6.76	11.88	0.00	0.60	0.83	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.42	3.75	4.64	5.41	7.65	18.96	0.00	54.03	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.19	3.02	3.30	5.69	4.59	1.98	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	5.38	4.64	7.30	0.00	0.00	11.54	0.00	1.84	2.00	0.12	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.11	-0.19	-0.19	-0.20	-0.17	-0.22	-0.31	-0.24	-0.20	-0.27	-0.33
Leverage Ratio	1.33	1.31	1.28	1.30	1.27	1.30	1.32	1.30	1.42	1.47	1.54
Compound Leverage Factor	1.33	1.37	1.46	3.68	0.87	1.53	-20.54	0.66	1.35	0.20	1.99
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.16	-1.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-3.72	-3.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.54	4.07	4.12	4.05	3.93	3.62	3.18	3.63	2.87	2.01	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.31	5.74	6.39	6.42	6.39	5.11	4.51	4.89	5.22	5.16	4.23
Quick Ratio	1.17	1.39	1.62	1.51	1.32	1.38	1.81	1.51	1.30	1.69	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.27	1.03	-0.77	-3.00	-2.73	0.45	12	5.25	5.73	6.95	-2.88
Operating Cash Flow to CapEx	-703.13%	1,377.27%	88.51%	-255.72%	-60.32%	675.30%	0.00%	-119.21%	-53.54%	525.87%	154.34%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.08	1.07	1.04	1.06	1.01	0.99	1.00	0.95	0.94	0.97
Accounts Receivable Turnover	234.55	240.47	168.11	183.92	231.45	250.05	205.69	188.48	227.64	201.92	250.62
Inventory Turnover	0.78	0.82	0.85	0.85	0.84	0.89	0.92	0.89	0.87	0.95	0.94
Fixed Asset Turnover	6.98	7.02	6.71	6.79	6.63	6.50	8.38	7.20	6.91	6.77	9.17
Accounts Payable Turnover	9.92	11.47	19.03	13.34	17.31	11.97	11.58	13.13	13.03	12.46	9.64
Days Sales Outstanding (DSO)	1.56	1.52	2.17	1.98	1.58	1.46	1.77	1.94	1.60	1.81	1.46
Days Inventory Outstanding (DIO)	467.10	447.76	428.76	431.62	433.40	411.90	398.22	412.34	419.34	382.95	386.56
Days Payable Outstanding (DPO)	36.79	31.81	19.18	27.36	21.09	30.48	31.52	27.81	28.02	29.30	37.86
Cash Conversion Cycle (CCC)	431.86	417.47	411.75	406.24	413.89	382.88	368.47	386.47	392.93	355.45	350.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	45	44	45	46	48	44	33	41	41	37	36
Invested Capital Turnover	1.68	1.74	1.70	1.68	1.61	1.69	1.90	1.72	1.68	1.90	2.21
Increase / (Decrease) in Invested Capital	-2.60	0.70	1.25	3.04	2.54	-0.31	-12	-5.20	-6.20	-7.38	3.10
Enterprise Value (EV)	26	14	16	16	15	9.03	-9.36	9.88	12	0.80	0.00
Market Capitalization	35	26	28	27	26	22	14	26	24	17	0.00
Book Value per Share	$6.44	$6.71	$6.81	$6.85	$6.84	$6.79	$6.70	$6.72	$6.62	$6.52	$5.74
Tangible Book Value per Share	$6.44	$6.71	$6.81	$6.85	$6.84	$6.79	$6.70	$6.72	$6.62	$6.52	$5.74
Total Capital	54	56	57	58	58	57	57	57	53	53	47
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-8.62	-12	-12	-12	-10	-13	-24	-16	-12	-16	-10
Capital Expenditures (CapEx)	0.16	0.24	1.23	0.20	0.89	0.67	-24	3.33	1.93	0.95	0.59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	32	30	30	31	32	27	23	27	28	25	24
Debt-free Net Working Capital (DFNWC)	41	42	42	43	43	41	46	43	40	41	34
Net Working Capital (NWC)	41	42	42	43	43	41	46	43	40	41	34
Net Nonoperating Expense (NNE)	0.03	-0.21	-0.04	-0.06	-0.05	-0.19	-11	0.25	0.88	1.59	-0.00
Net Nonoperating Obligations (NNO)	-8.62	-12	-12	-12	-10	-13	-24	-16	-12	-16	-10
Total Depreciation and Amortization (D&A)	1.18	1.19	1.24	1.19	1.17	1.14	1.29	1.47	1.77	1.64	1.67
Debt-free, Cash-free Net Working Capital to Revenue	41.04%	39.57%	39.92%	41.82%	43.41%	36.80%	30.54%	36.05%	37.74%	32.36%	31.43%
Debt-free Net Working Capital to Revenue	52.13%	55.52%	56.31%	57.21%	56.86%	54.64%	62.36%	58.05%	53.86%	53.44%	44.56%
Net Working Capital to Revenue	52.13%	55.52%	56.31%	57.21%	56.86%	54.64%	62.36%	58.05%	53.86%	53.44%	44.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.23	$0.06	$0.01	($0.02)	$0.05	$1.49	($0.02)	($0.17)	($0.19)	$0.03
Adjusted Weighted Average Basic Shares Outstanding	8.33M	8.34M	8.40M	8.42M	8.42M	8.49M	8.50M	8.49M	8.14M	8.23M	8.10M
Adjusted Diluted Earnings per Share	$0.08	$0.23	$0.06	$0.01	($0.02)	$0.04	$1.47	($0.02)	($0.17)	($0.18)	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	8.40M	8.37M	8.50M	8.51M	8.51M	8.78M	8.60M	8.49M	8.14M	8.26M	8.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.40M	8.40M	8.40M	8.42M	8.42M	8.50M	8.51M	8.07M	8.07M	0.00	8.14M
Normalized Net Operating Profit after Tax (NOPAT)	0.67	1.73	0.48	0.04	-0.19	0.15	-12	0.05	-0.47	-0.43	0.22
Normalized NOPAT Margin	3.81%	8.28%	2.50%	0.25%	-1.08%	0.71%	-63.01%	0.26%	-2.75%	-1.93%	1.12%
Pre Tax Income Margin	4.77%	9.47%	3.67%	0.87%	-1.05%	2.04%	82.80%	-1.01%	-10.62%	-11.42%	1.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	107.24%	0.00%	0.00%	140.02%	-268.04%
Augmented Payout Ratio	0.39%	0.29%	0.00%	0.00%	0.00%	0.00%	107.24%	1.39%	12.83%	155.00%	-268.04%

Financials Breakdown Chart

Tandy Leather Factory Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tandy Leather Factory's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Tandy Leather Factory's net income appears to be on a downward trend, with a most recent value of $9.10 million in 2025, rising from $6.40 million in 2015. The previous period was $827 thousand in 2024. View Tandy Leather Factory's forecast to see where analysts expect Tandy Leather Factory to go next.

Tandy Leather Factory's total operating income in 2025 was -$963 thousand, based on the following breakdown:

Total Gross Profit: $43.54 million
Total Operating Expenses: $28.28 million

Over the last 10 years, Tandy Leather Factory's total revenue changed from $84.16 million in 2015 to $76.32 million in 2025, a change of -9.3%.

Tandy Leather Factory's total liabilities were at $34.04 million at the end of 2025, a 91.6% increase from 2024, and a 149.6% increase since 2015.

In the past 10 years, Tandy Leather Factory's cash and equivalents has ranged from $7.98 million in 2022 to $24.07 million in 2018, and is currently $16.09 million as of their latest financial filing in 2025.

Over the last 10 years, Tandy Leather Factory's book value per share changed from 5.23 in 2015 to 6.52 in 2025, a change of 24.7%.

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Financial statements for NASDAQ:TLF last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tandy Leather Factory (TLF) Financials

Financials Breakdown Chart

Tandy Leather Factory Financials - Frequently Asked Questions

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Tandy Leather Factory (TLF) Financials

Annual Income Statements for Tandy Leather Factory

Quarterly Income Statements for Tandy Leather Factory

Annual Cash Flow Statements for Tandy Leather Factory

Quarterly Cash Flow Statements for Tandy Leather Factory

Annual Balance Sheets for Tandy Leather Factory

Quarterly Balance Sheets for Tandy Leather Factory

Annual Metrics And Ratios for Tandy Leather Factory

Quarterly Metrics And Ratios for Tandy Leather Factory

Financials Breakdown Chart

Tandy Leather Factory Financials - Frequently Asked Questions

When does Tandy Leather Factory's fiscal year end?

How has Tandy Leather Factory's net income changed over the last 10 years?

What is Tandy Leather Factory's operating income?

How has Tandy Leather Factory's revenue changed over the last 10 years?

How much debt does Tandy Leather Factory have?

How much cash does Tandy Leather Factory have?

How has Tandy Leather Factory's book value per share changed over the last 10 years?

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