Tandy Leather Factory (TLF) Gross Margin (2010 - 2026)
Tandy Leather Factory (TLF) posted Gross Margin of 61.03% for Q1 2026, up 3.6% on a QoQ basis from 58.91% in Q3 2025, and up 472.0% year-over-year from 10.67% in Q1 2025.
Tandy Leather Factory (TLF) Gross Margin (2010 - 2026) Analysis & Trends
Tandy Leather Factory's Gross Margin history runs 17 years deep, the most recent figure standing at 61.03% for Q1 2026.
- Quarterly Gross Margin rose 472.0% year-over-year to 61.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 58.94% (up 284.0% YoY) and the FY2024 annual result came in at 56.19%, down 305.0% from the prior year.
- Gross Margin was 61.03% for Q1 2026 at Tandy Leather Factory, up from 58.91% in the prior quarter.
- Across five years, Gross Margin topped out at 62.47% in Q2 2023 and bottomed at 52.95% in Q4 2024.
- A 5-year average of 58.18% and a median of 58.0% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 543 bps — and 2024, when it sank 459 bps.
- Tandy Leather Factory's Gross Margin stood at 55.74% in 2022, then dropped by 1 bps to 55.1% in 2023, then fell by 4 bps to 52.95% in 2024, then grew by 11 bps to 58.91% in 2025, then grew by 4 bps to 61.03% in 2026.
- Business Quant data shows TLF's Gross Margin at 61.03% in Q1 2026, 58.91% in Q3 2025, and 59.49% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.13 Bn | 31.61 Bn | 1.08 Bn | 23.63% |
| 2 | NaaS Technology | 30.58 Bn | 30.58 Bn | - | - |
| 3 | Williams Sonoma | 28.34 Bn | 27.33 Bn | 1.10 Bn | 46.87% |
| 4 | Ulta Beauty | 23.18 Bn | 22.69 Bn | 1.48 Bn | 38.06% |
| 5 | Best Buy | 18.52 Bn | 16.77 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 16.59 Bn | 15.24 Bn | 1.77 Bn | 28.43% |
| 7 | MINISO Group Holding | 16.05 Bn | 14.98 Bn | 414.86 Mn | 46.39% |
| 8 | Tractor Supply | 15.89 Bn | 15.66 Bn | 1.30 Bn | 36.22% |
| 9 | Five Below | 12.09 Bn | 11.16 Bn | 696.98 Mn | 40.32% |
| 10 | Tandy Leather Factory | 19.45 Mn | 9.34 Mn | 11.99 Mn | 61.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.03% |
| Sep 30, 2025 | 58.91% |
| Jun 30, 2025 | 59.49% |
| Mar 31, 2025 | 56.30% |
| Dec 31, 2024 | 52.95% |
| Sep 30, 2024 | 57.76% |
| Jun 30, 2024 | 57.95% |
| Mar 31, 2024 | 56.65% |
| Dec 31, 2023 | 55.10% |
| Sep 30, 2023 | 62.35% |
| Jun 30, 2023 | 62.47% |
| Mar 31, 2023 | 58.05% |
| Dec 31, 2022 | 55.74% |
| Sep 30, 2022 | 60.85% |
| Jun 30, 2022 | 57.04% |
| Mar 31, 2022 | 58.20% |
| Dec 31, 2021 | 53.13% |
| Sep 30, 2021 | 57.51% |
| Jun 30, 2021 | 60.76% |
| Mar 31, 2021 | 56.96% |