Flagship explainer

How WINMARK CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$86.1M · 100%Cost of revenue$3.1M · 4%Gross profit$83M · 96%Operating income$54.6M · 63%Income before tax$53.1M · 62%Income tax$11.5M · 13%Net income$41.7M · 48%As of 2025-12-27 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$86.1M100%
Cost of revenue$3.1M4%
$83M96%
$54.6M63%
Income before tax$53.1M62%
Income tax$11.5M13%
$41.7M48%
Source: · event Dec 27, 2025 · retrieved Jul 26, 2026 · annual-row source set
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