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Stocks · Consumer discretionary · Leather & Leather Products

TANDY LEATHER FACTORY INC

TLF Clue Score57
United States Fiscal year ends December CIK 0000909724
$2.49 +0.20% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.49 −50.20% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue82.9Operating income10.3Net income6.4EPS, diluted0.69Fiscal year 2017Revenue82.4 −0.6%Operating income6.4Net income2.5 −61.3%EPS, diluted0.27 −60.9%Fiscal year 2018Revenue83.2 +0.9%Operating income6.0Net income4.4 +77.5%EPS, diluted0.48 +77.8%Fiscal year 2019Revenue74.9 −10.0%Operating income−2.6Net income−1.9 −143.3%EPS, diluted−0.21 −143.8%Fiscal year 2020Revenue64.1 −14.5%Operating income−6.3Net income−4.9EPS, diluted−0.54Fiscal year 2021Revenue82.7 +29.0%Operating income2.3Net income1.4EPS, diluted0.16Fiscal year 2022Revenue80.3 −2.8%Operating income1.4Net income1.2 −9.4%EPS, diluted0.15 −6.3%Fiscal year 2023Revenue76.2 −5.1%Operating income4.4Net income3.8 +207.1%EPS, diluted0.45 +200.0%Fiscal year 2024Revenue74.4 −2.4%Operating income0.6Net income0.8 −78.1%EPS, diluted0.09 −80.0%Fiscal year 2025Revenue76.3 +2.6%Operating income−1.0Net income9.1 +1,000.6%EPS, diluted1.10 +1,122.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 82.9 82.4 83.2 74.9 64.1 82.7 80.3 76.2 74.4 76.3
Growth −0.6% +0.9% −10.0% −14.5% +29.0% −2.8% −5.1% −2.4% +2.6%
Operating income 10.3 6.4 6.0 −2.6 −6.3 2.3 1.4 4.4 0.6 −1.0
Net income 6.4 2.5 4.4 −1.9 −4.9 1.4 1.2 3.8 0.8 9.1
Growth −61.3% +77.5% −143.3% −9.4% +207.1% −78.1% +1,000.6%
EPS, diluted 0.69 0.27 0.48 −0.21 −0.54 0.16 0.15 0.45 0.09 1.10
Growth −60.9% +77.8% −143.8% −6.3% +200.0% −80.0% +1,122.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin62.4%Operating margin12.4%Net margin7.7%Free cash flow margin7.3%Fiscal year 2017Gross margin59.6%Operating margin7.7%Net margin3.0%Free cash flow margin0.9%Fiscal year 2018Gross margin61.2%Operating margin7.2%Net margin5.3%Free cash flow margin8.0%Fiscal year 2019Gross margin56.0%Operating margin−3.5%Net margin−2.5%Free cash flow margin13.6%Fiscal year 2020Gross margin56.3%Operating margin−9.9%Net margin−7.6%Free cash flow margin−21.6%Fiscal year 2021Gross margin56.9%Operating margin2.8%Net margin1.6%Free cash flow margin3.3%Fiscal year 2022Gross margin57.9%Operating margin1.7%Net margin1.5%Free cash flow margin0.6%Fiscal year 2023Gross margin59.2%Operating margin5.8%Net margin4.9%Free cash flow margin5.2%Fiscal year 2024Gross margin56.2%Operating margin0.8%Net margin1.1%Free cash flow margin2.1%Fiscal year 2025Gross margin57.0%Operating margin−1.3%Net margin11.9%Free cash flow margin−10.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 62.4% 59.6% 61.2% 56.0% 56.3% 56.9% 57.9% 59.2% 56.2% 57.0%
Operating margin 12.4% 7.7% 7.2% −3.5% −9.9% 2.8% 1.7% 5.8% 0.8% −1.3%
Net margin 7.7% 3.0% 5.3% −2.5% −7.6% 1.6% 1.5% 4.9% 1.1% 11.9%
Free cash flow margin 7.3% 0.9% 8.0% 13.6% −21.6% 3.3% 0.6% 5.2% 2.1% −10.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow7.7Capital expenditure−1.7Free cash flow6.0Buybacks−3.7Fiscal year 2017Operating cash flow2.5Capital expenditure−1.7Free cash flow0.8 −87.2%Buybacks0.0Fiscal year 2018Operating cash flow7.8Capital expenditure−1.1Free cash flow6.7 +763.7%Buybacks−1.7Fiscal year 2019Operating cash flow10.5Capital expenditure−0.3Free cash flow10.2 +52.6%Buybacks−0.7Fiscal year 2020Operating cash flow−12.5Capital expenditure−1.3Free cash flow−13.8 −235.7%Buybacks0.0Fiscal year 2021Operating cash flow3.7Capital expenditure−1.0Free cash flow2.7Buybacks−2.7Fiscal year 2022Operating cash flow1.2Capital expenditure−0.6Free cash flow0.5 −80.9%Buybacks−1.8Fiscal year 2023Operating cash flow4.5Capital expenditure−0.6Free cash flow4.0 +663.2%Buybacks−0.0Fiscal year 2024Operating cash flow4.5Capital expenditure−3.0Free cash flow1.6 −60.5%Buybacks0.0Dividends paid0.0Fiscal year 2025Operating cash flow−0.6Capital expenditure−7.5Free cash flow−8.1 −617.1%Buybacks−1.4Dividends paid−12.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 7.7 2.5 7.8 10.5 −12.5 3.7 1.2 4.5 4.5 −0.6
Capital expenditure −1.7 −1.7 −1.1 −0.3 −1.3 −1.0 −0.6 −0.6 −3.0 −7.5
Free cash flow 6.0 0.8 6.7 10.2 −13.8 2.7 0.5 4.0 1.6 −8.1
Growth −87.2% +763.7% +52.6% −235.7% −80.9% +663.2% −60.5% −617.1%
Buybacks −3.7 0.0 −1.7 −0.7 0.0 −2.7 −1.8 −0.0 0.0 −1.4
Dividends paid n/a n/a n/a n/a n/a n/a n/a n/a 0.0 −12.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash16.9Total debt7.4Net cash (debt)9.5Shareholders’ equity52.5Debt to equity0.14Fiscal year 2017Cash18.1Total debt7.4Net cash (debt)10.7Shareholders’ equity55.9Debt to equity0.13Fiscal year 2018Cash24.1Total debt9.0Net cash (debt)15.1Shareholders’ equity58.3Debt to equity0.15Fiscal year 2019Cash15.9Total debt0.0Net cash (debt)15.9Shareholders’ equity56.4Debt to equity0.00Fiscal year 2020Cash10.3Total debt0.4Net cash (debt)9.9Shareholders’ equity52.2Debt to equity0.01Fiscal year 2021Cash10.2Total debt0.4Net cash (debt)9.7Shareholders’ equity51.5Debt to equity0.01Fiscal year 2022Cash8.0Total debt0.0Net cash (debt)8.0Shareholders’ equity51.5Debt to equity0.00Fiscal year 2023Cash12.2Shareholders’ equity56.3Fiscal year 2024Cash13.3Shareholders’ equity57.2Fiscal year 2025Cash16.1Shareholders’ equity52.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 16.9 18.1 24.1 15.9 10.3 10.2 8.0 12.2 13.3 16.1
Total debt 7.4 7.4 9.0 0.0 0.4 0.4 0.0 n/a n/a n/a
Net cash (debt) 9.5 10.7 15.1 15.9 9.9 9.7 8.0 n/a n/a n/a
Shareholders’ equity 52.5 55.9 58.3 56.4 52.2 51.5 51.5 56.3 57.2 52.6
Debt to equity 0.14 0.13 0.15 0.00 0.01 0.01 0.00 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
82.9 82.4 83.2 74.9 64.1 82.7 80.3 76.2 74.4 76.3
Growth −0.6% +0.9% −10.0% −14.5% +29.0% −2.8% −5.1% −2.4% +2.6%
31.2 33.3 32.3 33.0 28.0 35.7 33.8 31.1 32.6 32.8
51.7 49.1 50.9 42.0 36.1 47.0 46.5 45.2 41.8 43.5
Growth −5.1% +3.8% −17.6% −14.1% +30.3% −1.1% −2.9% −7.4% +4.2%
10.3 6.4 6.0 −2.6 −6.3 2.3 1.4 4.4 0.6 −1.0
Growth −38.1% −6.5% −143.6% −39.7% +217.7% −85.8% −253.3%
10.2 7.2 3.7 −2.6 −6.3 2.2 1.4 4.5 1.1 12.3
3.8 3.9 1.8 −0.7 −1.4 0.8 0.2 0.8 0.3 3.2
6.4 2.5 4.4 −1.9 −4.9 1.4 1.2 3.8 0.8 9.1
Growth −61.3% +77.5% −143.3% −9.4% +207.1% −78.1% +1,000.6%
Per share
0.69 0.27 0.48 −0.21 −0.54 0.16 0.15 0.45 0.10 1.11
0.69 0.27 0.48 −0.21 −0.54 0.16 0.15 0.45 0.09 1.10
Growth −60.9% +77.8% −143.8% −6.3% +200.0% −80.0% +1,122.2%
9.3 9.2 9.2 9.0 9.1 8.7 8.4 8.3 8.5 8.2
9.3 9.2 9.2 9.0 9.1 8.7 8.4 8.4 8.8 8.3
Growth −0.8% −0.4% −2.5% +1.0% −3.8% −3.7% −0.3% +4.9% −5.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 3.6% a year over five years.
  • The diluted share count fell 8.8% in five years, so buybacks did some of the work per share.
  • Operating margin is up 8.6 points on five years ago, at -1.3%.
  • A net loss in 2 of 10 years on file.