Tandy Leather Factory, Inc. logo

Tandy Leather Factory, Inc.

TLF

NASDAQConsumer CyclicalSpecialty Retail

Regular session

$2.60

+$0.0299 · +1.16%

Aug 24, 11:04 AM ET

TLF company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

69

Undervalued

Momentum

35

Weakening

Sentiment

62

Bullish

Risk resilience

56

Elevated Risk

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Company profile

Company website

Tandy Leather Factory, Inc., along with its subsidiaries, operates as a specialized retail provider of leather and various leathercrafting supplies. The company's operations extend across North America and into Spain. It furnishes customers with a broad range of products, including raw leather, specialized hand tools, essential hardware, crafting kits, liquid treatments, instructional materials, access to open workbenches, machinery, and a wide selection of related accessories and components. Beyond retail, Tandy Leather also manufactures its own line of products, such as leather laces, pre-cut leather pieces, DIY project kits, thread laces, belt blanks and straps, and Craftaids. Additionally, the company offers industrial services, including cutting, splitting, and assembly, catering specifically to business clients. Its merchandise is sold under several proprietary brand names, including Tandy Leather, Eco-Flo, Craftool, CraftoolPro, Dr. Jackson's, and TandyPro. Sales are conducted through a network of 106 company-owned retail stores – comprising 95 locations in the United States, ten in Canada, and one in Spain – as well as via online platforms such as tandyleather.com, tandyleather.ca, tandyleather.eu, and tandyleather.com.au. Founded in 1919, the company initially operated as The Leather Factory, Inc., changing its name to Tandy Leather Factory, Inc. in 2005. Its corporate base is situated in Fort Worth, Texas.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Johan Hedberg
Listed since
Sep 27, 1993
Employees
470

Market position

Day range

Current $2.60

52-week range

Current $2.60

Open
$2.62
Previous close
$2.5701
Volume
1.99K
0.06× average
Average volume
30.71K
Average daily volume
Market cap
21.17M USD
Beta
0.59
Market reference 1
50-day average
$2.4018
+8.25% above average
200-day average
$2.5457
+2.13% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
33.86M USD
P/E (TTM)
-12.38×
P/B (TTM)
0.45×
P/S (TTM)
0.27×
EV / EBITDA
1.83×
Earnings yield
40.34%
Free cash flow yield
-35.87%
Dividend yield
28.85%

Profitability & efficiency

Gross margin
57.33%
Operating margin
-0.49%
Net margin
-2.14%
Return on equity
17.31%
Return on assets
10.51%
Return on invested capital
-0.89%

Financial health

Debt / equity
0.6×
Current ratio
5.16×
Altman Z-score
2.69
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends65%41%17%-7%Gross margin, FY2021: 56.86%Gross margin, FY2022: 57.88%Gross margin, FY2023: 59.25%Gross margin, FY2024: 56.19%Gross margin, FY2025: 57.04%Operating margin, FY2021: 2.78%Operating margin, FY2022: 1.73%Operating margin, FY2023: 5.79%Operating margin, FY2024: 0.84%Operating margin, FY2025: -1.26%Net margin, FY2021: 1.64%Net margin, FY2022: 1.53%Net margin, FY2023: 4.94%Net margin, FY2024: 1.11%Net margin, FY2025: 11.93%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 56.86%. Gross margin FY2022 57.88%. Gross margin FY2023 59.25%. Gross margin FY2024 56.19%. Gross margin FY2025 57.04%. Operating margin FY2021 2.78%. Operating margin FY2022 1.73%. Operating margin FY2023 5.79%. Operating margin FY2024 0.84%. Operating margin FY2025 -1.26%. Net margin FY2021 1.64%. Net margin FY2022 1.53%. Net margin FY2023 4.94%. Net margin FY2024 1.11%. Net margin FY2025 11.93%.

Income trends

Revenue

76.32M USD+2.60%

Operating income

−963K USD−1.59M USD

Net income

9.1M USD+1000.60%
Income trends across reported periods91.02M USD57.57M USD24.12M USD−9.33M USDRevenue, FY2021: 82.66M USDRevenue, FY2022: 80.34M USDRevenue, FY2023: 76.23M USDRevenue, FY2024: 74.39M USDRevenue, FY2025: 76.32M USDOperating income, FY2021: 2.3M USDOperating income, FY2022: 1.39M USDOperating income, FY2023: 4.41M USDOperating income, FY2024: 628K USDOperating income, FY2025: −963K USDNet income, FY2021: 1.35M USDNet income, FY2022: 1.23M USDNet income, FY2023: 3.77M USDNet income, FY2024: 827K USDNet income, FY2025: 9.1M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 82.66M USD. Revenue FY2022 80.34M USD. Revenue FY2023 76.23M USD. Revenue FY2024 74.39M USD. Revenue FY2025 76.32M USD. Operating income FY2021 2.3M USD. Operating income FY2022 1.39M USD. Operating income FY2023 4.41M USD. Operating income FY2024 628K USD. Operating income FY2025 −963K USD. Net income FY2021 1.35M USD. Net income FY2022 1.23M USD. Net income FY2023 3.77M USD. Net income FY2024 827K USD. Net income FY2025 9.1M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue76.32M USD74.39M USD76.23M USD80.34M USD82.66M USD
Cost of goods sold32.79M USD32.59M USD31.07M USD33.84M USD35.66M USD
Gross profit43.54M USD41.8M USD45.16M USD46.5M USD47M USD
Selling, general, and administrative39.98M USD39.55M USD43.66M USD42.34M USD
Operating expenses44.5M USD41.18M USD40.75M USD45.11M USD44.7M USD
Interest income552K USD331K USD93K USD9K USD
Interest expense16K USD
Depreciation and amortization6.16M USD4.73M USD4.63M USD1.2M USD1.11M USD
Operating income−963K USD628K USD4.41M USD1.39M USD2.3M USD
Net income9.1M USD827K USD3.77M USD1.23M USD1.35M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
29%
2 beats, 4 misses, 1 met estimate
Average EPS surprise
-15.99%
7 comparable reports
Latest EPS result
0.05
Estimate 0.11 · Miss by 54.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.22-0.07-0.36-0.65Q1 '25MissQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 0.03, estimate 0.16, surprise -81.25%, Miss. Q2 2025, reported May 12, 2025: actual -0.59, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual -0.02, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual -0.17, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 24, 2026: actual -0.08, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 0.03, estimate 0.11, surprise -72.73%, Miss. Q3 2026, reported Aug 11, 2026: actual 0.05, estimate 0.11, surprise -54.55%, Miss. Q4 2026, reported Nov 16, 2026: actual —, estimate 0.11, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates24.85M22M19.16M16.31MQ1 '25BeatQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26No estimateQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 22.4M USD, estimate 21.8M USD, surprise +2.75%, Beat. Q2 2025, reported May 12, 2025: actual 20.4M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual 17.5M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 17.5M USD, estimate 17.26M USD, surprise +1.37%, Beat. Q1 2026, reported Feb 24, 2026: actual 20.8M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 19.65M USD, estimate 23.89M USD, surprise -17.75%, Miss. Q3 2026, reported Aug 11, 2026: actual 18.04M USD, estimate 23.89M USD, surprise -24.48%, Miss. Q4 2026, reported Nov 16, 2026: actual —, estimate 23.89M USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.50

2025 complete year+100.0% since 2010

2026 partial: $0.75

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Feb 25, 2026

$0.75

Special

Record Feb 9, 2026

Dividend

Ex-dividend Feb 19, 2025

$1.50

Special

Record Feb 3, 2025

Dividend

Ex-dividend Jul 2, 2014

$0.25

Special

Record Jun 25, 2014 · Payment Aug 1, 2014

Dividend

Ex-dividend Feb 28, 2012

$0.25

Special

Record Mar 1, 2012 · Payment Apr 2, 2012

Dividend

Ex-dividend Jun 1, 2010

$0.75

Special

Record Jun 3, 2010 · Payment Jul 5, 2010

TLF peers

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