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Tandy Leather Factory, Inc.(TLF)Earnings, Financials & Key Ratios
TLF•NASDAQ
$2.31
2.1× P/E·Price updated Jul 7, 2026
AboutTandy Leather Factory, Inc., together with its subsidiaries, operates as a retailer of leather and leathercraft-related items in North America and Spain. It offers leather, hand tools, hardware, kits, liquids, teaching materials, open workbenches, machinery, and related accessories and supplies. The company also manufactures leather laces, cut leather pieces, do-it-yourself kits, thread laces, belt strips and straps, and Craftaids. In addition, it offers production services, including cutting, splitting, and assembly services to business customers. The company sells its products under the Tandy Leather, Eco-Flo, Craftool, CraftoolPro, Dr. Jackson's, and TandyPro brand names through company-owned stores; and orders generated from its websites, such as tandyleather.com, tandyleather.ca, tandyleather.eu, and tandyleather.com.au. It operates 106 retail stores, including 95 stores in the United States; ten stores in Canada; and one store in Spain. The company was formerly known as The Leather Factory, Inc. and changed its name to Tandy Leather Factory, Inc. in 2005. Tandy Leather Factory, Inc. was founded in 1919 and is headquartered in Fort Worth, Texas.Show more
- Revenue$76M+2.6%
- EBITDA$5M-3.0%
- Net Income$9M+1000.6%
- EPS (Diluted)1.10+1067.7%
- Gross Margin57.05%+1.5%
- EBITDA Margin6.81%-5.5%
- Operating Margin-1.26%-249.5%
- Net Margin11.93%+972.7%
- ROE16.59%+1038.2%
TLF Price & Volume
Tandy Leather Factory, Inc. (TLF) stock price & volume — 10-year historical chart
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Structural Operating Inefficiency Masks Retail Margin Potential
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:High fixed cost retail
Key Thesis Takeaways
- Tandy Leather Factory faces a fundamental challenge in translating its robust 52.5% gross margin into sustainable bottom-line growth, as evidenced by the persistent volatility in operating income.
- While the company maintains a healthy balance sheet with a current ratio of 4.23, the reliance on a capital-intensive physical store network—represented by $35.5 million in net PPE—creates significant overhead pressure.
- Investors should monitor whether the recent shift in leverage, with the debt-to-equity ratio rising to 0.60, can effectively catalyze a turnaround in stagnant revenue growth.
Verdict Logic
the company's inability to maintain consistent profitability is underscored by a 2026Q1 net margin of only 1.1% and a volatile FCF margin that reached -41.0% in 2025Q2.
TLF Growth Metrics
Tandy Leather Factory, Inc. (TLF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.97%
5 Years3.56%
3 Years-1.69%
TTM3.76%
Profit CAGR
10 Years3.58%
5 Years-
3 Years95.03%
TTM-117.41%
EPS CAGR
10 Years5.73%
5 Years-
3 Years94.28%
TTM-118.6%
Return on Capital
10 Years3.34%
5 Years2.56%
3 Years2.27%
Last Year-1.36%
TLF Recent Earnings
Tandy Leather Factory, Inc. (TLF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.03-72.7%
$0.11
Rev
$20M-17.8%
$24M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.08
—
Rev
$22M
—
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.17
—
Rev
$17M
—
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.02
—
Rev
$18M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.03vs $0.11-72.7% | $20Mvs $24M-17.8% |
| Q1 2026 | Feb 24, 2026 | $0.08 | $22M |
| Q4 2025 | Nov 10, 2025 | $0.17 | $17M |
| Q3 2025 | Aug 11, 2025 | $0.02 | $18M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Tandy Leather Factory, Inc. (TLF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.31 | $18.81M | 2.10 | 2.6% | 11.93% | 16.59% | 66.76% | |
| $158.03 | $4.8B | 21.50 | 17.93% | 10.02% | 18.15% | — | |
| $4.25 | $127.96M | -7.33 | -2.79% | -0.57% | -3.98% | — | |
| $15.57 | $167.25M | -6.13 | -23.22% | -7.9% | -13.04% | — | |
| $0.62 | $34.44M | -0.94 | -6.85% | -9.22% | -32.66% | — | |
| $124.55 | $6.23B | -83.03 | -1.5% | -2.58% | -7.54% | — |
Compare TLF vs Peers
Tandy Leather Factory, Inc. (TLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TLF SEC Filings & Documents
Tandy Leather Factory, Inc. (TLF) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TLF Frequently Asked Questions
Tandy Leather Factory, Inc. (TLF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Tandy Leather Factory, Inc.'s revenue?
Tandy Leather Factory, Inc. (TLF) reported $76.9M in revenue for fiscal year 2025. This represents a 172% increase from $28.3M in 1996.
How fast is Tandy Leather Factory, Inc. growing?
Tandy Leather Factory, Inc. (TLF) grew revenue by 2.6% over the past year. Growth has been modest.
Is TLF profitable?
Tandy Leather Factory, Inc. (TLF) reported a net loss of $2.3M for fiscal year 2025.
Dividend & Returns
Does TLF pay dividends?
Yes, Tandy Leather Factory, Inc. (TLF) pays a dividend with a yield of 66.76%. This makes it attractive for income-focused investors.
What is TLF's return on equity?
Tandy Leather Factory, Inc. (TLF) has a return on equity (ROE) of 16.6%. This is reasonable for most industries.
What is Tandy Leather Factory, Inc.'s free cash flow?
Tandy Leather Factory, Inc. (TLF) had negative free cash flow of $5.9M in fiscal year 2025, likely due to heavy capital investments.